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Trade What You See - Almost Naked Trading

  • #8,241
  • Jan 3, 2011 7:51am Jan 3, 2011 7:51am
Quoting orangeRANGE
guela4,

My current H4 candle will closed about 2hrs 15mins later. If this candle closed with short body (red is better) & long upper wick (10pips or less between open/close is much better), I will not hesitate to SHORT this pair. That's the PA trick. What say you?

Until then, I can go dreaming...
I'm not sure already. The PA lately has broke quite convincingly upwards.
IMHO we will need to examine the situation again when the current 4H candle closes...

But in the meantime, instead of daydreaming, perhaps we can look for other opportunities in other currencies? Just a suggestion

Also, I hope LG will appear in the thread soon and bring some fresh ideas!
  • #8,242
  • Jan 3, 2011 7:54am Jan 3, 2011 7:54am
hi everyone

Is this pair good for BO setup ??

Thank you
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  • #8,243
  • Jan 3, 2011 7:57am Jan 3, 2011 7:57am
Quoting geula4
I'm not sure already. The PA lately has broke quite convincingly upwards.
IMHO we will need to examine the situation again when the current 4H candle closes...

But in the meantime, instead of daydreaming, perhaps we can look for other opportunities in other currencies? Just a suggestion

Also, I hope LG will appear in the thread soon and bring some fresh ideas!
It is already near 10pm in my country. So, I am not gonna daydreaming. I wanna dream for real.

When I wake up later and H4 candle is not as I expected, so I can continue my sleep & not wasting my time. I enjoy sleeping.
  • #8,244
  • Jan 3, 2011 8:04am Jan 3, 2011 8:04am
I am planing to go short when last H1 candle will be broken.
Any other fresh ideas mostly welcome.
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  • #8,245
  • Jan 3, 2011 8:04am Jan 3, 2011 8:04am
EUR/CHF looks like a BO here, tho 4H RSI is still down. The other CHF pair BO didn't work out too well; USD/CHF was worth about 20 pips.

Attached Image (click to enlarge)
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Thoughts, guys? Should I wait for 4H RSI to confirm direction?
  • #8,246
  • Jan 3, 2011 8:05am Jan 3, 2011 8:05am
Quoting orangeRANGE
guela4,

My current H4 candle will closed about 2hrs 15mins later. If this candle closed with short body (red is better) & long upper wick (10pips or less between open/close is much better), I will not hesitate to SHORT this pair. That's the PA trick. What say you?

Until then, I can go dreaming...
H&S forming on M5, so I wouldn't call it off right now.

I am long since 3318, so I might as well take the other side of your trade if you would like (I am in search of EU longs now only) :-)


http://img146.imageshack.us/img146/9...urtrdelta2.png
  • #8,247
  • Jan 3, 2011 8:06am Jan 3, 2011 8:06am
Quoting cwl0375
hi everyone

Is this pair good for BO setup ??

Thank you
IMHO, looks good! I like the way the all the RSIs are pointing down.

Just a small comment, if I may:
I would have put the upper red resistance line at around 1.02085.
That is the high of the last few hours' candles; we don't need to
look from the beginning of the day. It's a 1H consolidation BO setup.
  • #8,248
  • Jan 3, 2011 8:08am Jan 3, 2011 8:08am
Quoting geula4
IMHO, LG was trying for a ZC trade.
Price moved up to 1.3420 and then retraced.

I think she was hoping for a reverse of the down trend and continuation upwards.

However, I must say that at this point, I agree with you and IMHO the momentum now is down...

LG and Everyone, please feel free to agree/disagree/correct My Humble Opinion. Thank you!
EURUSD
It was a channel trade. My pending order triggered and on the same candle hit my SL, then headed up to the top of the channel where it would have hit my TP and now looks like it is heading down again.
  • #8,249
  • Jan 3, 2011 8:10am Jan 3, 2011 8:10am
Quoting LFB
I am planing to go short when last H1 candle will be broken.
Any other fresh ideas mostly welcome.
IMHO, please note that most RSIs at the right top corner are yellow (flat).
If I may suggest, please monitor PA closely, could be a tricky trade...
  • #8,250
  • Jan 3, 2011 8:11am Jan 3, 2011 8:11am
Quoting lawgirl21
EURUSD
It was a channel trade. My pending order triggered and on the same candle hit my SL, then headed up to the top of the channel where it would have hit my TP and now looks like it is heading down again.
Hi LG,

Thank you for this explanation!
  • #8,251
  • Jan 3, 2011 8:19am Jan 3, 2011 8:19am
We had a lot of discussion of this channel trade on page # 546.
  • #8,252
  • Jan 3, 2011 8:20am Jan 3, 2011 8:20am
Quoting geula4
IMHO, please note that most RSIs at the right top corner are yellow (flat).
If I may suggest, please monitor PA closely, could be a tricky trade...
I believe that when short will be triggered (1.5483) both H4 and D1 will be red. Because today is Monday third of the January and this is BO trade (not 3 Tap), i think it is pretty safe to have W1 and MN1 flat.
What do you think LG?
  • #8,253
  • Jan 3, 2011 8:22am Jan 3, 2011 8:22am
Quoting LFB
I believe that when short will be triggered (1.5483) both H4 and D1 will be red. Because today is Monday third of the January and this is BO trade (not 3 Tap), i think it is pretty safe to have W1 and MN1 flat.
What do you think LG?
Exactly right for BO. We will see few 3 Tap H4 trades this early in the trading week. Mostly we see BO trades and H4 and H1 RSIs need to agree. The confirmation of the daily is even better.
  • #8,254
  • Jan 3, 2011 8:24am Jan 3, 2011 8:24am
Good morning people. How about a 3 tap on this baby?
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  • #8,255
  • Jan 3, 2011 8:25am Jan 3, 2011 8:25am
Quoting pippete
Good morning people. How about a 3 tap on this baby?
Looks like you're in the money. Good job.
  • #8,256
  • Jan 3, 2011 8:25am Jan 3, 2011 8:25am
Consolidation BO, now below that 3 yr low...
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  • #8,257
  • Jan 3, 2011 8:28am Jan 3, 2011 8:28am
Almost at my TP for this ZC trade. I entered long on the pullback.
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  • #8,258
  • Jan 3, 2011 8:31am Jan 3, 2011 8:31am
Quoting lawgirl21
Almost at my TP for this ZC trade. I entered long on the pullback.
If it would be any other trade, not Yours LG, i would suggest get the money out. There is H1 down trend 3 Tap
  • #8,259
  • Jan 3, 2011 8:32am Jan 3, 2011 8:32am
Nice BO. Good for about 40 pips.
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  • #8,260
  • Jan 3, 2011 8:34am Jan 3, 2011 8:34am
Quoting LFB
If it would be any other trade, not Yours LG, i would suggest get the money out. There is H1 down trend 3 Tap
Good advice. I am watching it closely. Was at +40 pips, now at +37. When it gets to +35, I will exit.
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