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Trade What You See - Almost Naked Trading

  • #7,201
  • Dec 16, 2010 5:17pm Dec 16, 2010 5:17pm
Quoting The Sage
Hang in there dude. Keep practicing, go back to demo account if you have to, or at least to mini-account; analyze your mistakes; take safer trades; read this thread; ask questions; and be patient... it WILL become easier!

Happy Xmas!
thanks The sage back on demo for now. some times very good can get up to 250 300 pips then give it all back Xmas spirit I guess. I'll hold back on AU until it clears the R line and see what happens att chart to show what I was looking at
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 1h 3t.jpg Size: 67 KB
  • #7,202
  • Dec 16, 2010 5:30pm Dec 16, 2010 5:30pm
Quoting The Sage
ZC?

AUDUSD
I am introducing a new filter to our trading arsonal..the Zorro Continuation (ZC), I call it although it is just a wave pattern that has been used for decades.

I am still testing it and have already posted several charts showing it. The Zorro lines are not to be viewed as trendlines, rather they are merely directional lines indicating a breakout (BO), a pullback and hopefully a continuation in the direction of the BO.

The RSIs remain our mainstay in determining strong directions. The neat thing about the ZC is that we look for it after a major BO in one direction or the other. It is a way to re-enter a trade after taking profit from a good BO. Please ask questions or give comments...like I said, I am still testing it.
Attached Thumbnailshttp://cdn.forexfactory.com/attachme...1&d=1292386853
  • #7,203
  • Dec 16, 2010 5:48pm Dec 16, 2010 5:48pm
Quoting lawgirl21
AUDUSD
I am introducing a new filter to our trading arsonal..the Zorro Continuation (ZC), I call it although it is just a wave pattern that has been used for decades.

I am still testing it and have already posted several charts showing it. The Zorro lines are not to be viewed as trendlines, rather they are merely directional lines indicating a breakout (BO), a pullback and hopefully a continuation in the direction of the BO.

The RSIs remain our mainstay in determining strong directions. The neat thing about the ZC is that we look for...
Hmmm... interesting... well, noted, I will check it out, and let you know how I find this ZC. How did it work for you so far?
  • #7,204
  • Dec 16, 2010 5:50pm Dec 16, 2010 5:50pm
By the way, did you see this long consolidation on the 1H audjpy:
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 25 KB
  • #7,205
  • Dec 16, 2010 6:30pm Dec 16, 2010 6:30pm
Quoting The Sage
By the way, did you see this long consolidation on the 1H audjpy:
Thanks for pointing this pair out. I'm watching it ..also EURGBP and USDCAD
  • #7,206
  • Dec 16, 2010 6:48pm Dec 16, 2010 6:48pm
Quoting lawgirl21
Thanks for pointing this pair out. I'm watching it ..also EURGBP and USDCAD
My pleasure. I'm also watching these pairs and nzdusd
  • #7,207
  • Dec 16, 2010 7:06pm Dec 16, 2010 7:06pm
this may be of interest I'm long will see how it pans out
Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy 3t 1h.gif Size: 22 KB
  • #7,208
  • Dec 16, 2010 7:12pm Dec 16, 2010 7:12pm
Quoting babnz48
this may be of interest I'm long will see how it pans out
H4 3 Tap long trade.
  • #7,209
  • Dec 16, 2010 7:16pm Dec 16, 2010 7:16pm
maybe this one will work out ok as well?

eur gbp looks ok to me as well
  • #7,210
  • Dec 16, 2010 7:19pm Dec 16, 2010 7:19pm
Quoting lawgirl21
H4 3 Tap long trade.
I'm in long as well
  • #7,211
  • Dec 16, 2010 7:22pm Dec 16, 2010 7:22pm
Quoting lawgirl21
H4 3 Tap long trade.
yes I see what you mean I changed to the 4h and saw the 3t there as well thank you
  • #7,212
  • Dec 16, 2010 7:26pm Dec 16, 2010 7:26pm
Alot is going on right now. EURUSD, EURJPY, USDCAD, EURGBP, AUDJPY. First time the RSIs have been lined up this way in at least a week.
  • #7,213
  • Dec 16, 2010 7:27pm Dec 16, 2010 7:27pm
LG, where do you think the TP should be on usdcad short? I'm debating wether to put it with my eye on the 4H or the Daily? Around 1.0031 or 1.0000?
  • #7,214
  • Dec 16, 2010 7:33pm Dec 16, 2010 7:33pm
Quoting The Sage
LG, where do you think the TP should be on usdcad short? I'm debating wether to put it with my eye on the 4H or the Daily? Around 1.0031 or 1.0000?
There are two nice support areas on the H1 chart, without having to go to up a chart to H4 to find a reasonable level.
Attached Image (click to enlarge)
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  • #7,215
  • Dec 16, 2010 7:36pm Dec 16, 2010 7:36pm
Actually moving to the H4 chart, those remain good support levels for TP.
  • #7,216
  • Dec 16, 2010 7:47pm Dec 16, 2010 7:47pm
Quoting lawgirl21
Actually moving to the H4 chart, those remain good support levels for TP.
Indeed. And since I'm thinking of calling it a day and leave the trades open I'm thinking which one of those will be best.
  • #7,217
  • Dec 16, 2010 8:01pm Dec 16, 2010 8:01pm
Quoting templario
good evening from spain...
Lg...can I introduce some "extra" elements of price action in your set ups.
I am thinking in outside bars and pinbars. They´re very powerfull to set entry points. In this example EURGBP we have a very powerfull bearish outside bar. I took it as my entry point. We have it in 1H and 4H. Tell me your opinion please.
Thanks and happy trading.
You're right!! Price action is very powerfull, not easy to master but definitely the way to go !!!! En que parte de Espana?
  • #7,218
  • Dec 16, 2010 8:04pm Dec 16, 2010 8:04pm
I'm signing out... Have a great night LG and the rest of the gang!

C u 2morow
  • #7,219
  • Dec 17, 2010 12:35am Dec 17, 2010 12:35am
The 4 candles are set from OO:00 am till 04:00 am GMT+1 hr. A BO occurs at this time... By the time I get out of bed and am ready to trade, it`s 07:00 AM an then I see that many breakouts have already occured and I am too late... This morning I saw about 6 such hapenings and I find that frustrating. Should I get up out of bed say 03:00 am? I guess so...
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There`s no life before COFFEE!
  • #7,220
  • Dec 17, 2010 1:23am Dec 17, 2010 1:23am
Quoting dougroman
You're right!! Price action is very powerfull, not easy to master but definitely the way to go !!!! En que parte de Espana?
desde madrid/ from madrid...
nice trading today..
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