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Trade What You See - Almost Naked Trading

  • #5,441
  • Nov 24, 2010 2:58am Nov 24, 2010 2:58am
Grabbed 26 pips on this nice combo H4 3tap and H1 B0
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  • #5,442
  • Nov 24, 2010 3:10am Nov 24, 2010 3:10am
Quoting CollectPIPS
Can you elaborate further taking GBPCHF case just now as example? Thx.
I m not trading this pair and i dont like it's price action for now....
  • #5,443
  • Nov 24, 2010 3:16am Nov 24, 2010 3:16am
3 Tap PLUS break of support at 3655

Could be 100 pips here... maybe a thousand. Been many years since we broke this support level.

Swing traders wait for a close of the longer timeframe candle below 1.3650.

I'm in at 3651
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In the days of old when sailors were bold, and seldom if ever contented.
  • #5,444
  • Nov 24, 2010 3:17am Nov 24, 2010 3:17am
Understand. I found both GBP & CHF are rather capricious. Put the 2 together, then you need a v strong heart. What do all think?

Bless!

Quoting Pip26
I m not trading this pair and i dont like it's price action for now....
  • #5,445
  • Nov 24, 2010 3:19am Nov 24, 2010 3:19am
This was obviously a much better trade than bo!

Quoting pt49
3 Tap PLUS break of support at 3655

Could be 100 pips here... maybe a thousand. Been many years since we broke this support level.

Swing traders wait for a close of the longer timeframe candle below 1.3650.

I'm in at 3651
  • #5,446
  • Nov 24, 2010 3:19am Nov 24, 2010 3:19am
ChfJpy, EurUsd, EurAud, GbpUsd
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  • #5,447
  • Nov 24, 2010 4:20am Nov 24, 2010 4:20am
All RSIs UP, but PA is standing almost still. Hate that Currently at minus in all BOs, i think they will not be continued until New York start.
  • #5,448
  • Edited 5:08am Nov 24, 2010 4:42am | Edited 5:08am
Hi guys..

I understand the bo and trend trade, but can someone tell me what the gap trade is?

Lawgirl.. btw, thanks for "never regret the pips you didnt get". Im definitely keeping track of that voice calling me a loser everytime I let pips get away. This is right up there with "never try to catch a knife by the tip".
  • #5,449
  • Nov 24, 2010 4:43am Nov 24, 2010 4:43am
Quoting CollectPIPS
It probably depends. Example: GBPCHF bo just now. Whoever shorted with a tight SL wld be stopped out before price moved in his favor .

Sorry for being nosey

Bless!
Far from being nosy you just made a kindhearted contribution. But I must let you know we're talking about breakouts. If a breakout fails, it becomes a "fakeout" and causes enormous pressure to bear on the opposite side. An SL that goes further than the other side of break + spread is unnecessary give back because it must be taken out. That's basic breakout rule anyway.

Peace
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,450
  • Nov 24, 2010 5:53am Nov 24, 2010 5:53am
I see a lot of potential breakouts on the 4 hr charts today depending on the market continuing to rally. Too many charts to post, but I'm watching potential long breakouts on EURUSD, GBPUSD, GBPCHF, GBPJPY, EURCHF, EURJPY, CHFJPY, and AUDUSD. BO shorts include USDCHF and USDCAD. All pending RSI alignment. So a lot may change and none of these may breakout the way I see them right now, but it could be an interesting day. Any opinions or feedback is always appreciated.
  • #5,451
  • Nov 24, 2010 5:57am Nov 24, 2010 5:57am
Quoting TheDirtySerb
I see a lot of potential breakouts on the 4 hr charts today depending on the market continuing to rally. Too many charts to post, but I'm watching potential long breakouts on EURUSD, GBPUSD, GBPCHF, GBPJPY, EURCHF, EURJPY, CHFJPY, and AUDUSD. BO shorts include USDCHF and USDCAD. All pending RSI alignment. So a lot may change and none of these may breakout the way I see them right now, but it could be an interesting day. Any opinions or feedback is always appreciated.
Watch out, this afternoon there will be some news about Ireland and Portugal who are in an economical crisis, I do believe this will influence the exchange market and more in detail the EUR positions!
  • #5,452
  • Nov 24, 2010 5:59am Nov 24, 2010 5:59am
Quoting TheDirtySerb
I see a lot of potential breakouts on the 4 hr charts today depending on the market continuing to rally. Too many charts to post, but I'm watching potential long breakouts on EURUSD, GBPUSD, GBPCHF, GBPJPY, EURCHF, EURJPY, CHFJPY, and AUDUSD. BO shorts include USDCHF and USDCAD. All pending RSI alignment. So a lot may change and none of these may breakout the way I see them right now, but it could be an interesting day. Any opinions or feedback is always appreciated.
I am watching GBPCHF, GBPJPY, EURCHF, EURJPY, CHFJPY for short
  • #5,453
  • Nov 24, 2010 6:03am Nov 24, 2010 6:03am
Lol, well good we have every direction covered then. I'll be happy to join you if my view changes.

Quoting LFB
I am watching GBPCHF, GBPJPY, EURCHF, EURJPY, CHFJPY for short
  • #5,454
  • Nov 24, 2010 6:04am Nov 24, 2010 6:04am
I think the market maybe pricing this in already, but yeah thanks for the heads up.


Quoting KillerAntz
Watch out, this afternoon there will be some news about Ireland and Portugal who are in an economical crisis, I do believe this will influence the exchange market and more in detail the EUR positions!
  • #5,455
  • Nov 24, 2010 6:09am Nov 24, 2010 6:09am
Quoting TheDirtySerb
I think the market maybe pricing this in already, but yeah thanks for the heads up.
The actual plans aren't reveiled yet but indead, the market is already responding to the events. As said before, I do expect so more turbulance in the markets :-)
  • #5,456
  • Nov 24, 2010 6:14am Nov 24, 2010 6:14am
Good Morning All Audusd 3 tap

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Always Learning
  • #5,457
  • Nov 24, 2010 6:17am Nov 24, 2010 6:17am
Quoting JayTrader
Good Morning All Audusd 3 tap

Attachment
Look also at AUD/NZD
  • #5,458
  • Nov 24, 2010 6:17am Nov 24, 2010 6:17am
Little off topic, but anyone know off the top of their head if MT5 has a 3 hour chart? I use it on Oanda and really like it.
  • #5,459
  • Nov 24, 2010 6:19am Nov 24, 2010 6:19am
Thanks
Quoting LFB
Look also at AUD/NZD
Always Learning
  • #5,460
  • Nov 24, 2010 7:01am Nov 24, 2010 7:01am
Quoting TheDirtySerb
Little off topic, but anyone know off the top of their head if MT5 has a 3 hour chart? I use it on Oanda and really like it.
Nope. Same like MT4.
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