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Trade What You See - Almost Naked Trading

  • #8,381
  • Jan 4, 2011 2:38am Jan 4, 2011 2:38am
Quoting LFB
Consolidation BO approaching.
Already reached 1.5535!
Let's see if it can break up from this resistance (previous support) level...
  • #8,382
  • Jan 4, 2011 2:43am Jan 4, 2011 2:43am
Quoting geula4
Already reached 1.5535!
Let's see if it can break up from this resistance (previous support) level...
I am at BE now, let's see what next
  • #8,383
  • Jan 4, 2011 2:49am Jan 4, 2011 2:49am
another tap on EURUSD H4..

I played the tap and took the trade...
positive so far
watching it like a hawk / very choppy tonight for BO trading
or set and forget trading
maybe starting to find direction just now 3:45 EST...

http://img441.imageshack.us/img441/9600/54933005.gif

Update 3:56 EST

http://img256.imageshack.us/img256/7844/50846058.gif
"You Never Know.....Until You Find Out."
  • #8,384
  • Jan 4, 2011 2:50am Jan 4, 2011 2:50am
Quoting LFB
I am at BE now, let's see what next
LFB,

You mean you moved your SL to BE?
  • #8,385
  • Jan 4, 2011 2:56am Jan 4, 2011 2:56am
Quoting geula4
LFB,

You mean you moved your SL to BE?
Yes i did, it is now at 1.5524 just bellow current consolidation.
PA at last moving up.
  • #8,386
  • Jan 4, 2011 2:57am Jan 4, 2011 2:57am
Hi all,

Hope someone caught the BO for GBPCHF.
  • #8,387
  • Jan 4, 2011 3:04am Jan 4, 2011 3:04am
WOW! Great BO!
right now at 1.5562
Good PA in 15M candles.

IMHO, it will reach at least 1.5600.
What do you think?

Anyway, IMHO it's a good idea to move SL to BE+ to lock in some profits.
  • #8,388
  • Jan 4, 2011 3:09am Jan 4, 2011 3:09am
Quoting geula4
WOW! Great BO!
right now at 1.5562
Good PA in 15M candles.

IMHO, it will reach at least 1.5600.
What do you think?
I was out 1.5558
Yesterday i have tried to catch full move and ended with almost nothing. Today i decided to not repeat that mistake.
  • #8,389
  • Jan 4, 2011 3:16am Jan 4, 2011 3:16am
Quoting geula4
WOW! Great BO!
right now at 1.5562
Good PA in 15M candles.

IMHO, it will reach at least 1.5600.
What do you think?

Anyway, IMHO it's a good idea to move SL to BE+ to lock in some profits.
weekly trend is down - no setap.
  • #8,390
  • Jan 4, 2011 3:19am Jan 4, 2011 3:19am
Quoting Magnat
weekly trend is down - no setap.
Magnat read please yesterdays LG posts. She explained that for BO we need only H1 and H4 to confirm, if we have also daily confirming it is very nice setup.
  • #8,391
  • Jan 4, 2011 3:24am Jan 4, 2011 3:24am
Quoting LFB
I was out 1.5558
Yesterday i have tried to catch full move and ended with almost nothing. Today i decided to not repeat that mistake.
I agree!

Another way to mange the trade is to lock-in profits by moving SL to BE+ and gradually advance the SL when price moves in our favor.

Every one has his style of trading...
  • #8,392
  • Jan 4, 2011 3:24am Jan 4, 2011 3:24am
Have been channel trading the E/U for about 3 hours now on the 15m, and scored over 100 pips. I think it's about to break out though
  • #8,393
  • Jan 4, 2011 3:28am Jan 4, 2011 3:28am
Quoting geula4
I agree!
Another way to mange the trade is to lock-in profits by moving SL to BE+ and gradually advance the SL when price moves in our favor.

Every one has his style of trading...
Exactly, and my problem is "it will turn around any second". This is what i did yesterday, so today i am using trailing stop :-)
  • #8,394
  • Jan 4, 2011 3:32am Jan 4, 2011 3:32am
Almost there (1.5600)
  • #8,395
  • Jan 4, 2011 3:38am Jan 4, 2011 3:38am
Quoting LFB
Magnat read please yesterdays LG posts. She explained that for BO we need only H1 and H4 to confirm, if we have also daily confirming it is very nice setup.
Guys, I feel I haven't grasped the H1 BO very well, and I hope you guys can clarify any misunderstandings I have. What I understand now is that, once the H1 and H4 RSIs are in agreement, a pending order can be placed at 15-20 pips away from from the 4hr box. The BO is supposed to be fairly quick, so when price moves against you quickly it is best to exit with minimal loss. Does that roughly sum it up?

I'm practicing on a simulator now and while I'm doing ok on some pairs, I'm getting absolutely murdered on USD/CHF
  • #8,396
  • Jan 4, 2011 3:39am Jan 4, 2011 3:39am
IMHO exit long trade here.
  • #8,397
  • Jan 4, 2011 3:40am Jan 4, 2011 3:40am
great system
  • #8,398
  • Jan 4, 2011 3:41am Jan 4, 2011 3:41am
Quoting geula4
IMHO exit long trade here.
And now price breaks up 1.5600
Hope some of you are still making great pips on this...
  • #8,399
  • Jan 4, 2011 3:47am Jan 4, 2011 3:47am
Quoting geula4
IMHO exit long trade here.
IMHO TP can be 1.5648
  • #8,400
  • Jan 4, 2011 3:53am Jan 4, 2011 3:53am
Quoting natnimrey
Guys, I feel I haven't grasped the H1 BO very well, and I hope you guys can clarify any misunderstandings I have. What I understand now is that, once the H1 and H4 RSIs are in agreement, a pending order can be placed at 15-20 pips away from from the 4hr box. The BO is supposed to be fairly quick, so when price moves against you quickly it is best to exit with minimal loss. Does that roughly sum it up?

I'm practicing on a simulator now and while I'm doing ok on some pairs, I'm getting absolutely murdered on USD/CHF
I can tell what i do. If i see consolidation and there is enough space for reasonable risk - reward ratio on both sides, i get ready for both sides. If i place setup against daily RSI my profit expectations are just lower. If side trend was going few hours, it is sure that H1 and H4 RSIs will follow BO in any direction it will occur.
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