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Trade What You See - Almost Naked Trading

  • #4,801
  • Nov 18, 2010 6:59am Nov 18, 2010 6:59am
Quoting stevewide
Any comments why this loss? I see higher highs and higher lows is one thing I could have noticed to avoid this trade. Also, small candle consolidation.

You can see where the 4h 3 tap was near the entry. Lots of good things but it stayed in consolidation and broke to the upside.

Thanks,

Steve
Looks very similar to the EU h4 short 3tap and H4 BO combo I was keeping an eye on last night before bed. Everything was setting up nicely - then a reversal. Similar clues on the euro too.
  • #4,802
  • Nov 18, 2010 7:05am Nov 18, 2010 7:05am
Quoting Wally1953
Attachment
already in at 83.34,wish me good luck
  • #4,803
  • Nov 18, 2010 7:10am Nov 18, 2010 7:10am
Look to your Higher T Frames for clues The Eur/Usd is coming up off of a 50% retrace and The GBPUSD is coming off of a 62% Retract of their latest swing highs on the Daily charts . Might be changing course in the short term.
Quoting stevewide
Any comments why this loss? I see higher highs and higher lows is one thing I could have noticed to avoid this trade. Also, small candle consolidation.

You can see where the 4h 3 tap was near the entry. Lots of good things but it stayed in consolidation and broke to the upside.

Could have moved my pending order 10 pips lower to clear consolidation. Then entry not triggered.

Thanks,

Steve
Always Learning
  • #4,804
  • Nov 18, 2010 7:15am Nov 18, 2010 7:15am
has touched d1 tl !
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Help to be helped.
  • #4,805
  • Nov 18, 2010 7:16am Nov 18, 2010 7:16am
Quoting mikok730
already in at 83.34,wish me good luck
Yes Mikok, best of luck on this trade!
"Be the change that you wish to see in the world." --Gandhi
  • #4,806
  • Nov 18, 2010 7:47am Nov 18, 2010 7:47am
Woke up to TP on EURGBP +40 and AUDJPY +43 Still have USDJPY running in the negative.
  • #4,807
  • Nov 18, 2010 7:51am Nov 18, 2010 7:51am
We finally saw the consolidation BO on this pair that we knew would happen. Not in the direction I was thinking it would go...but who cares...we follow the PA. This happened overnight for me so I didn't catch it. Hope someone did.
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  • #4,808
  • Edited 8:07am Nov 18, 2010 7:54am | Edited 8:07am
Trading in a tight range.
Attached Image
  • #4,809
  • Nov 18, 2010 7:56am Nov 18, 2010 7:56am
Steve,
First off I did not watch or trade this pair so my comments are based on the benefit of hindsight.
This is the way I see the setups after the fact.
Gotta run right now but will be back in a couple of hours if you want me to further clairify the chart.

Quoting stevewide
Any comments why this loss? I see higher highs and higher lows is one thing I could have noticed to avoid this trade. Also, small candle consolidation.

You can see where the 4h 3 tap was near the entry. Lots of good things but it stayed in consolidation and broke to the upside.

Could have moved my pending order 10 pips lower to clear consolidation. Then entry not triggered.
Thanks,
Steve
Attached Image (click to enlarge)
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Listen to the whispers.... You may learn something
  • #4,810
  • Nov 18, 2010 7:57am Nov 18, 2010 7:57am
Quoting lawgirl21
We finally saw the consolidation BO on this pair that we knew would happen. Not in the direction I was thinking it would go...but who cares...we follow the PA. This happened overnight for me so I didn't catch it. Hope someone did.
Weekly RSI still down so how risky was it to go long here? Thanks. Steve
  • #4,811
  • Nov 18, 2010 7:57am Nov 18, 2010 7:57am
A nice BO for about 60 pips . Was on my watch list, happened overnight and I didn't set a pending order.
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  • #4,812
  • Nov 18, 2010 7:59am Nov 18, 2010 7:59am
Same here..good for about 50 pips.
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  • #4,813
  • Nov 18, 2010 8:01am Nov 18, 2010 8:01am
A 70 pip move up.
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  • #4,814
  • Nov 18, 2010 8:02am Nov 18, 2010 8:02am
A 40 pip move up so far.
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  • #4,815
  • Nov 18, 2010 8:05am Nov 18, 2010 8:05am
Quoting stevewide
Weekly RSI still down so how risky was it to go long here? Thanks. Steve
GBPUSD
I probably would have jumped in and taken pips on a pure PA trade, if I was watching it closely. All that would have been needed is to exit on the first hint of a red candle.
  • #4,816
  • Nov 18, 2010 8:10am Nov 18, 2010 8:10am
All of the trades I posted above are ones that I set up before bedtime last night. All of them made good pips, except USDJPY, which may yet. The system really works....
  • #4,817
  • Nov 18, 2010 8:11am Nov 18, 2010 8:11am
Quoting Ph22
= overall +37 = well done!
Indeed!
  • #4,818
  • Nov 18, 2010 8:26am Nov 18, 2010 8:26am
3 Tap on daily chart. H1 trading in a range. Watching for BO long.
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  • #4,819
  • Edited 9:01am Nov 18, 2010 8:27am | Edited 9:01am
Quoting lawgirl21
All of the trades I posted above are ones that I set up before bedtime last night. All of them made good pips, except USDJPY, which may yet. The system really works....
Hi Lawgirl - Im an avid follower of your thread and congratulate you on your success. I have one question re your overnight trades - am I right to presume that the RSI indicators were all pointing in the right direction at the time of entering the pending trades?

Thanks
  • #4,820
  • Nov 18, 2010 8:34am Nov 18, 2010 8:34am
Quoting Scrutch
How about a...
H4-7T on the EJ

I hope you got in on that 7 Tap trade, Scrutch...over 100 pip move.
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