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Trade What You See - Almost Naked Trading

  • #7,741
  • Dec 27, 2010 6:42pm Dec 27, 2010 6:42pm
Consolidation BOs are money in the bank, guys. The only problem is keeping them in your radar.
  • #7,742
  • Dec 27, 2010 6:45pm Dec 27, 2010 6:45pm
Another long consolidation and now looks like its breaking out.
Attached Image
  • #7,743
  • Dec 27, 2010 7:15pm Dec 27, 2010 7:15pm
Quoting lawgirl21
Anyone watching this pair now? What a BO!
Am done with live trading for the day with +72 on that BO. NICE!!!!!
  • #7,744
  • Dec 27, 2010 7:22pm Dec 27, 2010 7:22pm
Hi

Is this pair set up for BO ? almost at yesterday support ...1.4791.

thank you
  • #7,745
  • Dec 27, 2010 7:37pm Dec 27, 2010 7:37pm
Quoting Phx62
Am done with live trading for the day with +72 on that BO. NICE!!!!!
That's a great day's work.
  • #7,746
  • Dec 27, 2010 7:42pm Dec 27, 2010 7:42pm
Quoting cwl0375
Hi

Is this pair set up for BO ? almost at yesterday support ...1.4791.

thank you
Yes, looks like it's setting up for both a consolidation and a H1 4C BO...double confirmation.
Attached Image
  • #7,747
  • Dec 27, 2010 7:48pm Dec 27, 2010 7:48pm
Quoting lawgirl21
Yes, looks like it's setting up for both a consolidation and a H1 4C BO...double confirmation.
Thank you for your reply. That mean after set up the first 4 candle on today. when it break down the support we can go short after double confirm with th 15m tf candle. it that true ?
  • #7,748
  • Dec 27, 2010 7:51pm Dec 27, 2010 7:51pm
Quoting lawgirl21
Yes, looks like it's setting up for both a consolidation and a H1 4C BO...double confirmation.

sorry forgot to ask ., do we need to wait for RSI on daily and weekly to show red arrow down before short on GBPCHF ?
  • #7,749
  • Dec 27, 2010 8:18pm Dec 27, 2010 8:18pm
Guys/gals, I need help with stop losses and profit taking. Say I set SLs at a support area plus a bit of space...do I take profit at resistance levels too?The R/R seems rather poor sometimes. I realize that most trades on the H1 require stops at least 50 pips wide for breathing space, but alot of you seem to know when to pull out after 20-30 pips, which is impressive but puzzling me
  • #7,750
  • Dec 27, 2010 8:18pm Dec 27, 2010 8:18pm
Quoting cwl0375
sorry forgot to ask ., do we need to wait for RSI on daily and weekly to show red arrow down before short on GBPCHF ?
No, not this early in the trading week for the weekly. It would be nice for the daily to be in desired direction, but not necessary if PA, H4 and H1 are confirming.

Notice that PA and RSIs are not showing short for now.
  • #7,751
  • Dec 27, 2010 8:33pm Dec 27, 2010 8:33pm
I am short these two pairs looking at the H1 and H4 RSIs for confirmation. Won't stay in these trades too long probably, because I believe these are countertrend trades. Also a channel trade.
Attached Images
  • #7,752
  • Dec 27, 2010 8:34pm Dec 27, 2010 8:34pm
Hi all,

USDCAD are set up for BO ? and the 4hr are 3T ??

I am new here... need your master confirmation on my chart.

Thank you in advance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD 1Hr.png Size: 27 KB
Click to Enlarge Name: USDCAD 4HR.png Size: 30 KB
  • #7,753
  • Edited 9:13pm Dec 27, 2010 8:59pm | Edited 9:13pm
Quoting cwl0375
Hi all,

USDCAD are set up for BO ? and the 4hr are 3T ??

I am new here... need your master confirmation on my chart.

Thank you in advance.
I'm not seeing enough confirmation of direction for either a BO or 3 Tap trade at this time.
  • #7,754
  • Dec 27, 2010 9:02pm Dec 27, 2010 9:02pm
Quoting lawgirl21
I'm not seeing enough confirmation of direction for either at BO or 3 Tap trade at this time.

Not unless PA goes below 1.0049?
  • #7,755
  • Dec 27, 2010 9:38pm Dec 27, 2010 9:38pm
H1 4C BO setting up.
Attached Image
  • #7,756
  • Dec 28, 2010 12:11am Dec 28, 2010 12:11am
Quoting lawgirl21
Anyone watching this pair now? What a BO!
Well, last night I placed a long trade on 1.3160 and as I woke up now its gone up 74 pips and I will stay in there...
Attached Image (click to enlarge)
Click to Enlarge Name: trenddisplay.gif Size: 19 KB
There`s no life before COFFEE!
  • #7,757
  • Dec 28, 2010 12:23am Dec 28, 2010 12:23am
Quoting lawgirl21
You should have made some nice pips on this one, vy.
Yes, hit 15pips TP. only my TP was a very very humble. Well... just first month of trading by naked system
  • #7,758
  • Dec 28, 2010 1:43am Dec 28, 2010 1:43am
Quoting geula4
Hi Moneyrunner,

Please see this post

http://www.forexfactory.com/showpost.php?p=4127792
Thanks
  • #7,759
  • Dec 28, 2010 2:35am Dec 28, 2010 2:35am
Quoting jalkok
Well, last night I placed a long trade on 1.3160 and as I woke up now its gone up 74 pips and I will stay in there...
  • #7,760
  • Dec 28, 2010 2:38am Dec 28, 2010 2:38am
Quoting lawgirl21
H1 4C BO setting up.
If anyone has enter this trade congrats!! that almost 80pips. Didint enter as my broker was giving me 8pips spread....
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