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Trade What You See - Almost Naked Trading

  • #6,301
  • Dec 3, 2010 2:45am Dec 3, 2010 2:45am
Don't forget that today is:

P.S.: seems the previous was not showing
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #6,302
  • Dec 3, 2010 2:52am Dec 3, 2010 2:52am
breaks out for a new all time low
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #6,303
  • Dec 3, 2010 2:55am Dec 3, 2010 2:55am
Quoting wlewis
Hi yall. EU seems to be forming a "bear flag" to the downside.
you're taking us all down to forex 101. Instead of posting your chart and giving us your TF, you're posting an artwork. Good teaching skill all the same.

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #6,304
  • Dec 3, 2010 4:12am Dec 3, 2010 4:12am
Quoting wlewis
Incoming 3rd tap? was going to set a breakout but it felt premature.. will definitely wait for a 3rd tap.
Hello,

Please could you help me with your indicators. The one that show macd,ema etc and the one that shows spread and current price.

Thanks
We trade to live not live to trade................
  • #6,305
  • Dec 3, 2010 4:27am Dec 3, 2010 4:27am
Quoting ovyeh
Hello,Please could you help me with your indicators. The one that show macd,ema etc and the one that shows spread and current price.Thanks
Here ya go. Btw.. I don't rely on this indicator at all except as a reminder of pip spread and nice big numbers. I'm leaning towards PA being the first and last indicator.
Attached File(s)
File Type: zip #Signal_Bars_v7.zip   74 KB | 510 downloads
  • #6,306
  • Edited 4:47am Dec 3, 2010 4:41am | Edited 4:47am
Quoting Precap2
Don't forget that today is:
if nfp is like anything like the insane pending home sales figure it would be like a 255lb grown-up doing a cannon ball in a kiddy pool.. eeks. lol. Come to think of it.. if you could catch it would be like riding those 150ft monster ocean waves.

10.4% -0.7% -1.8%
Pending Home Sales m/m
  • #6,307
  • Dec 3, 2010 4:59am Dec 3, 2010 4:59am
USA/CAD is on the run for parity. after parity what next?
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #6,308
  • Dec 3, 2010 5:07am Dec 3, 2010 5:07am
Quoting wlewis
if nfp is like anything like the insane pending home sales figure it would be like a 255lb grown-up doing a cannon ball in a kiddy pool.. eeks. lol. Come to think of it.. if you could catch it would be like riding those 150ft monster ocean waves.

10.4% -0.7% -1.8%
Pending Home Sales m/m
This NFP has some interesting elements to it. QE2 is being planned but
Chicago PMI and CB-CC on Tuesday and ADP on Wednesday show an economy on it's way to great health. Those suggest a possible healthy NFP in favor of USD today but no guarantees.
Don't forget that NFP moves the market more than 3 Grade-A news items put together.

Trade with utmost care

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #6,309
  • Dec 3, 2010 5:09am Dec 3, 2010 5:09am
Quoting Precap2
USA/CAD is on the run for parity. after parity what next?
Its been there b4. Stayed a while, went back. Went to 9250 a few years ago.
In the days of old when sailors were bold, and seldom if ever contented.
  • #6,310
  • Dec 3, 2010 5:43am Dec 3, 2010 5:43am
Quoting nnk8968
Hi Pippete,
How does one get the indicator on the top left corner of your chart at your post 127. Thanks

nnk8968
Click on paperclip on upper right of page, block images and look for "symbol info" indi. Enjoy.
  • #6,311
  • Dec 3, 2010 5:58am Dec 3, 2010 5:58am
H4 3 TAP
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  • #6,312
  • Dec 3, 2010 6:49am Dec 3, 2010 6:49am
3 tap setup and trigger, needs to clear some resistance...
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  • #6,313
  • Dec 3, 2010 7:07am Dec 3, 2010 7:07am
Hey, LawGirl,

Congrats on your thread, it's really nice to see the community you've created.

Question - are you still in that AUDJPY trade? Is that a long term thing for you, or did it hit your SL? Inquiring minds wish to know...

Keep going, I think you're doing great things here.

All the best,

Bithead
  • #6,314
  • Dec 3, 2010 7:09am Dec 3, 2010 7:09am
Before you trade, maybe you'd consider waiting for 20 more minutes. NFP is not respecter of your 3T or anything for that matter.

Trade well
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #6,315
  • Dec 3, 2010 7:59am Dec 3, 2010 7:59am
Quoting Precap2
Trade with utmost carePC2
I could not agree with you more. NFP today proves -once again- you never know which way the market will move.
  • #6,316
  • Dec 3, 2010 8:03am Dec 3, 2010 8:03am
Took 3 BO's.... Risky but profitable..
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  • #6,317
  • Dec 3, 2010 8:06am Dec 3, 2010 8:06am
Quoting Pip26
Took 3 BO's.... Risky but profitable..
I had set up them this morning, looked at them, all hit my TP, which is great, but all could have been doubled if I could follow the market live. I'm happy though they profited, it could have been the other way around to...

I'm done for the week, made some nice profits, about +300 pips which isn't bad at all.

Good weekend y'all and see you on sunday!
  • #6,318
  • Dec 3, 2010 8:12am Dec 3, 2010 8:12am
I was hoping to get a couple of pointers on the setup. Im using lawgirls trend ea for rsi lineup... I have a couple of questions that Im hoping someone can help with.
First, is the trend column on the EA the PA?...or what is it exactly?
2nd- I feel like I am drawing trendlines to fit what I think PA is doing...how should I setup my trendlines? How far back on the 4hr chart should I start the trendline? Do I pick 2 tops or 2 bottoms within a certain number of candles?
3rd- I made a trade on what I thought was a good setup, I set S/L at 150 pips and lost. Is 150 pips a large enough amount to allow for some ranging on a 4hr chart? Attached is the chart. It is the 1st trendline. Maybe I got in the trade way late?
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  • #6,319
  • Dec 3, 2010 8:22am Dec 3, 2010 8:22am
Quoting Bithead
Hey, LawGirl,

Congrats on your thread, it's really nice to see the community you've created.

Question - are you still in that AUDJPY trade? Is that a long term thing for you, or did it hit your SL? Inquiring minds wish to know...

Keep going, I think you're doing great things here.

All the best,

Bithead
Yes, I am still running that AUDJPY monthly trade. It is currently down 180 pips.
  • #6,320
  • Dec 3, 2010 8:31am Dec 3, 2010 8:31am
Now is a great opportunity to catch pips as they retrace or "recover" from the huge spikes, as we know that most pairs will not continue up or down after spiking. It's a little like gap trading, in that we look for filling. BUT, if you decide to do this type of trade, watch PA carefully and don't looked for unreasonable pips.
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