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Trade What You See - Almost Naked Trading

  • #8,161
  • Jan 2, 2011 7:59pm Jan 2, 2011 7:59pm
Hi LG,

Do you think the support around 1.01625 will hold?

Regards
  • #8,162
  • Jan 2, 2011 8:02pm Jan 2, 2011 8:02pm
Quoting lawgirl21
The gap filled for me. Then PA headed down along with the indicators. I thought PA would continue long....it didn't, but that's ok, because I was prepared for either direction.

We simply cannot "care" in which direction PA goes. We must be prepared to be surprised and to go with it.
Out with +40 pips. I got out at the H4 candle change because PA turned.
  • #8,163
  • Jan 2, 2011 8:03pm Jan 2, 2011 8:03pm
Quoting lawgirl21
How many pips did you lose?
lol 45 from break even, but I was up 47. My broker doesn't use meta4, so I don't have the RSI indicators right there on my chart. Should have done my due diligence to check them out.
  • #8,164
  • Jan 2, 2011 8:04pm Jan 2, 2011 8:04pm
LG,

This is how I see EU atm. Please see my TLs. Correct me if I am wrong. Thanks.
Attached Image(s) (click to enlarge)
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  • #8,165
  • Jan 2, 2011 8:05pm Jan 2, 2011 8:05pm
Quoting lawgirl21
How many pips did you lose?
Made a huge mistake. Set TP 12 pips short of filling the gap on EUR/USD and at one time had a small profit and missed taking it before PA turned on me. Now Im way down and will need an eventual turn and gap fill to get out even or with a small profit. Looking at past 4hr charts I see sometimes this takes 4 to 6 4hr candles. WoW , always take profits when PA turns on you. LG you musta took profit on that last bump to 1.3360 if you made pips. Congrats.
  • #8,166
  • Jan 2, 2011 8:06pm Jan 2, 2011 8:06pm
Quoting Fitness09
lol 45 from break even, but I was up 47. My broker doesn't use meta4, so I don't have the RSI indicators right there on my chart. Should have done my due diligence to check them out.
OK. You understand what went wrong, now don't let that happen again and start looking for your next trade.
  • #8,167
  • Jan 2, 2011 8:06pm Jan 2, 2011 8:06pm
Quoting lawgirl21
Out with +40 pips. I got out at the H4 candle change because PA turned.

Hi Lawgirl,
Thought you were out with +16 on the euro gap. ?

Anyhow picked up +18 on kiwi gap.

Cheers.
Markets are Mirrors,,Mastery of craft is mastery of self
  • #8,168
  • Jan 2, 2011 8:10pm Jan 2, 2011 8:10pm
Quoting lawgirl21
OK. You understand what went wrong, now don't let that happen again and start looking for your next trade.
Yes, thanks for the lesson.
  • #8,169
  • Jan 2, 2011 8:15pm Jan 2, 2011 8:15pm
Quoting forxsniper1
Made a huge mistake. Set TP 12 pips short of filling the gap on EUR/USD and at one time had a small profit and missed taking it before PA turned on me. Now Im way down and will need an eventual turn and gap fill to get out even or with a small profit. Looking at past 4hr charts I see sometimes this takes 4 to 6 4hr candles. WoW , always take profits when PA turns on you. LG you musta took profit on that last bump to 1.3360 if you made pips. Congrats.
EURUSD

Price hit a big support level of 1. 3290, seems to have been repelled by it and is heading up.

Watch PA now and if it continiues up on the M15 chart...consider adding to your position long, but don't set your TP at any particular level, take profits 10-15 pips at a time. Out and back in as PA tells you. THIS IS A RISKY TRADE, but can be a good way to make up lost pips. If you are trading demo, I highly recommend that you try this trade, depending on PA, of course.

We are not looking for a BO on this pair at this time. This is trading the channel.
  • #8,170
  • Jan 2, 2011 8:17pm Jan 2, 2011 8:17pm
Quoting bluesteele
Hi Lawgirl,
Thought you were out with +16 on the euro gap. ?

Anyhow picked up +18 on kiwi gap.

Cheers.
Yes, but I almost immediately went short after exit.
  • #8,171
  • Jan 2, 2011 8:27pm Jan 2, 2011 8:27pm
Quoting lawgirl21
Yes, but I almost immediately went short after exit.

Nice shooting Tex ! I mean Lawgirl ! LOL..

Really enjoying your thread and I must say you have provided awesome support!

Cheers
Bluesteele
Markets are Mirrors,,Mastery of craft is mastery of self
  • #8,172
  • Jan 2, 2011 8:34pm Jan 2, 2011 8:34pm
Quoting orangeRANGE
LG,

This is how I see EU atm. Please see my TLs. Correct me if I am wrong. Thanks.
But, what are your charts telling you?
  • #8,173
  • Jan 2, 2011 8:36pm Jan 2, 2011 8:36pm
Quoting bluesteele
Nice shooting Tex ! I mean Lawgirl ! LOL..

Really enjoying your thread and I must say you have provided awesome support!

Cheers
Bluesteele
Thanks, blue. Glad you have joined us..
  • #8,174
  • Jan 2, 2011 8:39pm Jan 2, 2011 8:39pm
BO forming
Attached Image
  • #8,175
  • Jan 2, 2011 8:40pm Jan 2, 2011 8:40pm
Happy new year LG and all...in the EUR/USD channel trade now...was 2 pips from SL but has bounced back...is the support gonna hold?
  • #8,176
  • Jan 2, 2011 8:51pm Jan 2, 2011 8:51pm
Quoting lawgirl21
But, what are your charts telling you?
RSI of Weekly, Daily & H4 are all pointing down. Should I wait the 3rd tap of TL marked with ellipse or waiting for BO of TL marked with arrow using H1?

Your opinion is much appreciated.

Thanks.
Attached Image(s) (click to enlarge)
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  • #8,177
  • Jan 2, 2011 8:58pm Jan 2, 2011 8:58pm
Although the RSI(3) indicators' script states that time frames are user defined, adding M5,M15 & M30 simply shifts the existing arrows to start at M5 and leaves D1, WK,MN as blanks.

Not myself a coder, so any pointers appreciated.

Reason for trying this is to test if scalping trades are possible off the lower tfs.
  • #8,178
  • Jan 2, 2011 9:03pm Jan 2, 2011 9:03pm
Quoting bimmerbob
Although the RSI(3) indicators' script states that time frames are user defined, adding M5,M15 & M30 simply shifts the existing arrows to start at M5 and leaves D1, WK,MN as blanks.

Not myself a coder, so any pointers appreciated.

Reason for trying this is to test if scalping trades are possible off the lower tfs.
We will have to ask Scrutch about that. I have never tried to use them in lower TFs.
  • #8,179
  • Jan 2, 2011 9:06pm Jan 2, 2011 9:06pm
Quoting natnimrey
Happy new year LG and all...in the EUR/USD channel trade now...was 2 pips from SL but has bounced back...is the support gonna hold?
Don't know if the support is going to hold. I have not seen any PA that would get me in long yet. What did you see that made you enter already?
  • #8,180
  • Jan 2, 2011 9:12pm Jan 2, 2011 9:12pm
GBP/USD on my watch list for a 1 HR BO...
Markets are Mirrors,,Mastery of craft is mastery of self
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