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Trade What You See - Almost Naked Trading

  • #5,661
  • Nov 26, 2010 8:22am Nov 26, 2010 8:22am
Quoting lawgirl21
3 Tap trade on a daily chart
LG how many pips under trend line do you usually set stop loss?
pt49 how many pips would you give under trend line in case like this one ?
  • #5,662
  • Nov 26, 2010 8:25am Nov 26, 2010 8:25am
This was a beauty that I had on my watchlist and still missed. Hope someone caught it. Both a H4 3 Tap trade and an H4 consolidation BO. Double confirmation. I think Scrutch would have called this an A++ trade.
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  • #5,663
  • Nov 26, 2010 8:25am Nov 26, 2010 8:25am
Quoting Precap2
USD/CHF is doing shit and I'm closing every pending order until Monday.

PC2
i´m also waiting for the push quite a while. patience buddy
  • #5,664
  • Nov 26, 2010 8:30am Nov 26, 2010 8:30am
Quoting LFB
LG how many pips under trend line do you usually set stop loss?
pt49 how many pips would you give under trend line in case like this one ?

I don't generally have a set SL. On this trade, I set it at the 3rd tap.
  • #5,665
  • Nov 26, 2010 8:33am Nov 26, 2010 8:33am
Quoting lawgirl21
Woke up this morning and my short position had move over 125 pips.
Great! Well, you got yourself a very nice Thanksgiving present!
  • #5,666
  • Nov 26, 2010 8:34am Nov 26, 2010 8:34am
Quoting Centu
i´m also waiting for the push quite a while. patience buddy
At this point, I would mark this pair as a potential consolidation BO trade, but not sure in which direction it will break--long or short. Be prepared for either direction.
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  • #5,667
  • Nov 26, 2010 8:35am Nov 26, 2010 8:35am
Do you mean you normally still trade while driving?

Quoting FXMajors
Thanks CP. We'll check it out... Driving to Paris for the weekend see you all on Monday. Cheers
  • #5,668
  • Nov 26, 2010 8:36am Nov 26, 2010 8:36am
just for my understanding... this could be a 3T, if RSI (1h/4H/D) would point south ?

added: and hit the TL
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  • #5,669
  • Nov 26, 2010 8:42am Nov 26, 2010 8:42am
I am looking at this pair with all RSIs short, but cannot find an entry. No H4 3 Tap, no BO. Does anyone see anything that I am missing?
  • #5,670
  • Nov 26, 2010 8:42am Nov 26, 2010 8:42am
Quoting Centu
just for my understanding... this could be a 3T, if RSI (1h/4H/D) would point south ?

added: and hit the TL
sure,but there is W on daily,triple bottom on H4 and pin bar on H4 eur/usd so be careful with shorting euro
  • #5,671
  • Nov 26, 2010 8:44am Nov 26, 2010 8:44am
Quoting Centu
just for my understanding... this could be a 3T, if RSI (1h/4H/D) would point south ?

added: and hit the TL
Yes, and if PA on the next candle turns around...alot of things need to happen to make this a viable trade.
  • #5,672
  • Nov 26, 2010 8:46am Nov 26, 2010 8:46am
Quoting CollectPIPS
Do you mean you normally still trade while driving?
Enjoy!
  • #5,673
  • Nov 26, 2010 8:48am Nov 26, 2010 8:48am
Quoting lawgirl21
I am looking at this pair with all RSIs short, but cannot find an entry. No H4 3 Tap, no BO. Does anyone see anything that I am missing?
inverted H & S on H1 and M30,if 9870 holds it will go down,also broken H&S neckline on daily this looks like change of trend downwards for next month
  • #5,674
  • Nov 26, 2010 8:48am Nov 26, 2010 8:48am
Daily 3 tap with 30 to 40 pips already into trade
Quoting lawgirl21
I am looking at this pair with all RSIs short, but cannot find an entry. No H4 3 Tap, no BO. Does anyone see anything that I am missing?
Always Learning
  • #5,675
  • Nov 26, 2010 8:50am Nov 26, 2010 8:50am
Quoting lawgirl21
I am looking at this pair with all RSIs short, but cannot find an entry. No H4 3 Tap, no BO. Does anyone see anything that I am missing?

Look at the H1 3tap:
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  • #5,676
  • Nov 26, 2010 8:54am Nov 26, 2010 8:54am
Quoting lawgirl21
Yes, and if PA on the next candle turns around...alot of things need to happen to make this a viable trade.
ok thx ! got it
  • #5,677
  • Nov 26, 2010 8:58am Nov 26, 2010 8:58am
4h 3tap Aud/cad
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  • #5,678
  • Nov 26, 2010 8:58am Nov 26, 2010 8:58am
THANKS LAWGIRL...
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  • #5,679
  • Nov 26, 2010 9:00am Nov 26, 2010 9:00am
USDJPY try BO 1H
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  • #5,680
  • Nov 26, 2010 9:02am Nov 26, 2010 9:02am
Quoting JayTrader
Daily 3 tap with 30 to 40 pips already into trade
I saw the daily 3 Tap, but thought the train had already left the station.
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