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Trade What You See - Almost Naked Trading

  • #5,741
  • Nov 28, 2010 1:29pm Nov 28, 2010 1:29pm
Quoting lawgirl21
Time to anticipate gaps on opening of market for the week.

Quick Summary: If market gaps up, we sell; if market gaps down we buy. Most gaps fill..some take longer then others; some fill and continue in the direction of the fill. Some traders will only consider gaps of over 15 pips, some want to see more pips than that.

I think trading them is fun. Others think the r:r ratio is not worth it.

Anyone expecting a gap on any particular pair?
There was an analysis done by a trader on the gaps. Can't remember where I saw it though
  • #5,742
  • Nov 28, 2010 1:30pm Nov 28, 2010 1:30pm
Quoting lawgirl21
Time to anticipate gaps on opening of market for the week.

Quick Summary: If market gaps up, we sell; if market gaps down we buy. Most gaps fill..some take longer then others; some fill and continue in the direction of the fill. Some traders will only consider gaps of over 15 pips, some want to see more pips than that.

I think trading them is fun. Others think the r:r ratio is not worth it.

Anyone expecting a gap on any particular pair?
oanda is open euro opened at 3318 spread is 10 points though
  • #5,743
  • Nov 28, 2010 1:32pm Nov 28, 2010 1:32pm
Hello lawgirl,

Just a quick note to say well done with your simple trading thread which I have been following for a while now. I have been MTF trading for some time and am trying to both simplify my charts and move away from the lower time frames and your ideas are certainly helping me. I hope that I may be able to contribute to the thread in the future.

Keep up the good work
TTFN Merlyn
  • #5,744
  • Nov 28, 2010 1:45pm Nov 28, 2010 1:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: Quotes.JPG Size: 90 KB
Always Learning
  • #5,745
  • Nov 28, 2010 1:58pm Nov 28, 2010 1:58pm
Harry,
Just one other little tweak to do, second to last option in the dialog box...IndicatorInRSIWindow, needs to be set to true.

Quoting lawgirl21
Welcome Harry. Your story is my story too and probably most of us here. I think you will enjoy this system based on R/S and PA.
The larger file is the same as the indiviual pair. Under "Inputs" --> change "ShowCurrentPairOnly" to "true". All there is to it.
Listen to the whispers.... You may learn something
  • #5,746
  • Nov 28, 2010 2:03pm Nov 28, 2010 2:03pm
Gap up 21 pips.
  • #5,747
  • Nov 28, 2010 2:06pm Nov 28, 2010 2:06pm
USDCAD has 30 + gap
Always Learning
  • #5,748
  • Nov 28, 2010 2:06pm Nov 28, 2010 2:06pm
Gap up 35 pips.
  • #5,749
  • Nov 28, 2010 2:06pm Nov 28, 2010 2:06pm
AUDJPY......Up..........18.0
AUDNZD.....Up..........29.0
AUDUSD.....Up..........40.0
CADJPY......Up..........23.0
EURAUD.....Down.......19.0
EURCAD.....Down.......12.0
EURCHF......Up..........36.0
EURGBP......Up..........21.0
EURJPY.......Up.........24.0
EURUSD......Up.........35.0
NZDUSD.....Up..........19.0
USDCAD.....Down......36.0
Listen to the whispers.... You may learn something
  • #5,750
  • Nov 28, 2010 2:10pm Nov 28, 2010 2:10pm
I'm in short.
  • #5,751
  • Nov 28, 2010 2:17pm Nov 28, 2010 2:17pm
Short this one, along with some others.
Busy at the moment with trade management.
Listen to the whispers.... You may learn something
  • #5,752
  • Nov 28, 2010 2:45pm Nov 28, 2010 2:45pm
Quoting Scrutch
Short this one, along with some others.
Busy at the moment with trade management.
Same here
  • #5,753
  • Nov 28, 2010 2:50pm Nov 28, 2010 2:50pm
Quoting Scrutch
Short this one, along with some others.
Busy at the moment with trade management.
Does anyone short EUR/USD ???
  • #5,754
  • Nov 28, 2010 2:53pm Nov 28, 2010 2:53pm
Quoting TheDivine
Does anyone short EUR/USD ???
Yep, not that I'm too happy about it at the moment... but I got patience...
  • #5,755
  • Nov 28, 2010 2:53pm Nov 28, 2010 2:53pm
I did and out with +18 had total of 5 trades have one left the audusd getting close to closing at BE if it doesn't move
Quoting TheDivine
Does anyone short EUR/USD ???
Always Learning
  • #5,756
  • Nov 28, 2010 2:54pm Nov 28, 2010 2:54pm
Quoting TheDivine
Does anyone short EUR/USD ???
I have been short this pair for the past 3 or so weeks on a weekly chart.
  • #5,757
  • Nov 28, 2010 2:56pm Nov 28, 2010 2:56pm
Quoting lawgirl21
I have been short this pair for the past 3 or so weeks on a weekly chart.
Wow, still?
  • #5,758
  • Nov 28, 2010 2:58pm Nov 28, 2010 2:58pm
I still have a 3 tap monthly trade on this pair also going on about 4 or 5 weeks
Quoting lawgirl21
I have been short this pair for the past 3 or so weeks on a weekly chart.
Always Learning
  • #5,759
  • Nov 28, 2010 2:59pm Nov 28, 2010 2:59pm
Quoting The Sage
Wow, still?
Yes, have taken lots of pips from it.
  • #5,760
  • Nov 28, 2010 3:00pm Nov 28, 2010 3:00pm
Quoting JayTrader
I still have a 3 tap monthly trade on this pair also going on about 4 or 5 weeks

Have you taken pips off the table yet?
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