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Trade What You See - Almost Naked Trading

  • #5,161
  • Nov 22, 2010 6:08am Nov 22, 2010 6:08am
GOLD .... (wait for RSI Confirm)
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  • #5,162
  • Nov 22, 2010 6:20am Nov 22, 2010 6:20am
Quoting Pip26
CadChf, EurUsd, AudChf breakouts.
Pip26, could you tell us exactly on what criteria you have enter those Break Outs? Were you using M15 candles or any other way of entry point selection?
  • #5,163
  • Edited 6:32am Nov 22, 2010 6:28am | Edited 6:32am
Quoting LFB
Pip26, could you tell us exactly on what criteria you have enter those Break Outs? Were you using M15 candles or any other way of entry point selection?
I keep an eye on the strength of any currency... presently Euro is weak and Chf is strong that's why i prefer only Chf and Eur pairs for now..

For entry i use different approaches... AudChf, CadChf i entered after H1 candle closed just below line of breakout level and next candles retested the line from below.
  • #5,164
  • Nov 22, 2010 6:31am Nov 22, 2010 6:31am
Quoting KillerAntz
3 of my pairs hit my SL, one survived and has now reached my TP. I'm glad at least one did. After an anaylisis so far, I saw that now the pairs (all in the last half hour) start to go towards my TP.

My SL was around 2% of my entire capital, so my conclusion will be so far that this percentage should be higher (or non existing?) for GAPS...

I'll update my conclusion later on the day if I see what the trend is doing now, looks for now I would have made profit if my SL was higher.

See you soon.
Ok, so far this is my conclusion, hope it can help for others in the future (limits are not right to the pip, have to measure them fast):

PAIR - Close (fr) - Open - Max - Min
EURCHF - 1,3575 - 1,3576 - 1,3656 - 1,3536
EURJPY - 114,20 - 114,57 - 114,93 - 114,34
EURGBP - 0,8556 - 0,8583 - 0,8598 - 0,8544
EURUSD I see now was not a gap but a climb to the max, I should have seen this and stayed out!

Summary:

1 pair (EURUSD) was totally my error and should never happen again, extra validation before entering is required from my part!

2 (EURCHF & EURJPY) did hit my SL, 1 (EURCHF) did go below friday closing afterwards, so would have been a good trade. The other one (EURJPY) went below opening, so also profit trade.

1 (EURGBP) did not reached my SL and went way below friday closing, good trade

Next time my limits will be higher. All of my trades would have made good profit so I should be able to recover if a SL is hit, though in this case, further investigation will be done during the next weeks.
  • #5,165
  • Nov 22, 2010 6:31am Nov 22, 2010 6:31am
i have just close EURUSD gap for 50 pips and EURGPB for 77 pips !
Help to be helped.
  • #5,166
  • Nov 22, 2010 6:40am Nov 22, 2010 6:40am
Quoting Pip26
I keep an eye on the strength of any currency... presently Euro is weak and Chf is strong that's why i prefer only Chf and Eur pairs for now..

For entry i use different approaches... AudChf, CadChf i entered after H1 candle closed just below line of breakout level and next candles retested the line from below.
Ok, but why you have enter in the moment you did, it was not at BO line so how you decide when to enter?
  • #5,167
  • Nov 22, 2010 6:45am Nov 22, 2010 6:45am
Quoting LFB
Ok, but why you have enter in the moment you did, it was not at BO line so how you decide when to enter?
There is breakout line on all charts...
  • #5,168
  • Nov 22, 2010 7:00am Nov 22, 2010 7:00am
Quoting Pip26
There is breakout line on all charts...
Yes :-) and there a bit below is green dot - dot - dot line when you have entered. I am asking how you decide moment you enter, is it just random some below BO line, or you where using any specyfic enter cryteria for your enters? (those marked with green sell lines).
  • #5,169
  • Nov 22, 2010 7:10am Nov 22, 2010 7:10am
Quoting LFB
Yes :-) and there a bit below is green dot - dot - dot line when you have entered. I am asking how you decide moment you enter, is it just random some below BO line, or you where using any specyfic enter cryteria for your enters? (those marked with green sell lines).
Its random mate... i just look at price action and triggered my button....
  • #5,170
  • Nov 22, 2010 7:19am Nov 22, 2010 7:19am
Hit my TP overnight +45 pips...before reversing.
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  • #5,171
  • Nov 22, 2010 7:21am Nov 22, 2010 7:21am
H1 4C BO going on now.
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  • #5,172
  • Nov 22, 2010 7:24am Nov 22, 2010 7:24am
h1 bo and h4 3tap setup
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  • #5,173
  • Nov 22, 2010 7:25am Nov 22, 2010 7:25am
Gap filled. Still in this pair short.
Almost filled on AUDUSD
  • #5,174
  • Nov 22, 2010 7:26am Nov 22, 2010 7:26am
eur aud H1 BO
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  • #5,175
  • Nov 22, 2010 7:28am Nov 22, 2010 7:28am
Hi Lawgirl, a quick question for the start of the week. I'm trading in the UK and my period separator commences at midnight. I dont trade til 8am in the morning so would you recommend the 1H-4C-BO's are based on the 4 candles from midnight to 4am or the 4 candles from 4am to 8am (8am being the open of London)?

Thanking you in anticipation.
  • #5,176
  • Nov 22, 2010 7:33am Nov 22, 2010 7:33am
Quoting Pip26
Its random mate... i just look at price action and triggered my button....
Now it is all clear.
  • #5,177
  • Nov 22, 2010 7:34am Nov 22, 2010 7:34am
Quoting lawgirl21
H1 4C BO going on now.
Let us know please if/when you will enter.
  • #5,178
  • Nov 22, 2010 7:35am Nov 22, 2010 7:35am
Quoting Pip26
UsdChf BO
Very nice!
  • #5,179
  • Nov 22, 2010 7:37am Nov 22, 2010 7:37am
Quoting LFB
Now it is all clear.
Good
  • #5,180
  • Nov 22, 2010 7:37am Nov 22, 2010 7:37am
Quoting Pip26
GbpUsd, GbpJpy, EurGbp
Excellent!
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