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Trade What You See - Almost Naked Trading

  • #5,081
  • Nov 21, 2010 5:59pm Nov 21, 2010 5:59pm
These gap trades aren't looking so good.
  • #5,082
  • Nov 21, 2010 6:02pm Nov 21, 2010 6:02pm
Quoting Fitness09
These gap trades aren't looking so good.
No they are not. I haven't checked those resistence areas. Has PA pierced them?
  • #5,083
  • Nov 21, 2010 6:06pm Nov 21, 2010 6:06pm
Quoting lawgirl21
No they are not. I haven't checked those resistence areas. Has PA pierced them?
A/u is very very close
  • #5,084
  • Nov 21, 2010 6:10pm Nov 21, 2010 6:10pm
Quoting lawgirl21
H4 BO occurring now. Move to H1 chart and wait for candle close outside resistence area. Watch PA for awhile at start of new H1 candle to further confirm long direction.
This, until almost the close of the last H1 candle, looked like a failed BO. But now it is looking good again. However, we should probably wait until the current candle closes to verify before considering an entry.
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  • #5,085
  • Nov 21, 2010 6:11pm Nov 21, 2010 6:11pm
Quoting Fitness09
A/u is very very close
Gold is dropping back, so should drag them back for you.
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,086
  • Nov 21, 2010 6:15pm Nov 21, 2010 6:15pm
H4 3 Tap setup. Scrutch posted it earlier. Looking even better now.
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  • #5,087
  • Nov 21, 2010 6:57pm Nov 21, 2010 6:57pm
P and prices have stalled on the EU and AU. Need a reversal.
  • #5,088
  • Nov 21, 2010 7:13pm Nov 21, 2010 7:13pm
Got out of the A/U gap trade down 56 pips. Couldn't take it anymore.
  • #5,089
  • Nov 21, 2010 7:18pm Nov 21, 2010 7:18pm
Would like to see a pullback here for a H1-4C-BO entry...

Attached Image
Listen to the whispers.... You may learn something
  • #5,090
  • Nov 21, 2010 7:25pm Nov 21, 2010 7:25pm
Another H1-4C-BO I'm watching while sitting on me hands.
Attached Image
Listen to the whispers.... You may learn something
  • #5,091
  • Nov 21, 2010 7:43pm Nov 21, 2010 7:43pm
From a risk/reward point of view, Gap trading is a pretty lousy trade strategy as you're aiming for 20-30 pips (depending on gap) but with a SL of usually at least double or triple that value.
I would not encourage doing it, or do it at reduced risk (e.g. .5% or 1%).

Are you still trading gaps LG? I did not see you take any this week...
Trading Makes Money!
  • #5,092
  • Nov 21, 2010 7:49pm Nov 21, 2010 7:49pm
Down 56 pips isn't a good start to the week. Hopefully, I will do better.
  • #5,093
  • Nov 21, 2010 7:50pm Nov 21, 2010 7:50pm
Several good setups occurring.

AUDJPY
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  • #5,094
  • Nov 21, 2010 7:52pm Nov 21, 2010 7:52pm
Chart
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  • #5,095
  • Nov 21, 2010 7:54pm Nov 21, 2010 7:54pm
Chart
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  • #5,096
  • Nov 21, 2010 7:55pm Nov 21, 2010 7:55pm
chart
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  • #5,097
  • Nov 21, 2010 7:58pm Nov 21, 2010 7:58pm
Quoting Cencored
From a risk/reward point of view, Gap trading is a pretty lousy trade strategy as you're aiming for 20-30 pips (depending on gap) but with a SL of usually at least double or triple that value.
I would not encourage doing it, or do it at reduced risk (e.g. .5% or 1%).

Are you still trading gaps LG? I did not see you take any this week...
I am, but I didn't this week. Some traders only trade gaps and nothing else. I think they are fun and most of the time they make pips.
  • #5,098
  • Nov 21, 2010 7:59pm Nov 21, 2010 7:59pm
Quoting Fitness09
Down 56 pips isn't a good start to the week. Hopefully, I will do better.
Were you on a demo account?
  • #5,099
  • Nov 21, 2010 8:00pm Nov 21, 2010 8:00pm
Quoting Scrutch
Another H1-4C-BO I'm watching while sitting on me hands.
Very nice looking charts, Scrutch.
  • #5,100
  • Nov 21, 2010 8:01pm Nov 21, 2010 8:01pm
Quoting lawgirl21
Were you on a demo account?
No, live account.
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