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Trade What You See - Almost Naked Trading

  • #8,421
  • Jan 4, 2011 6:05am Jan 4, 2011 6:05am
Looking at those i think GBP/USD and GBP/JPY also can move up but it excedes my imagination limit. How many hundreds pips those two can go in one day?
  • #8,422
  • Jan 4, 2011 6:07am Jan 4, 2011 6:07am
It need to break above 1.3424 (see arrow) very hard before it meet another strong resistance @ 1.3497 (see arrow).

Otherwise, it is still too hard to trade this pair.

Meanwhile, UCAD already make a H1 BO...but I missed this one though
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  • #8,423
  • Jan 4, 2011 6:19am Jan 4, 2011 6:19am
Quoting pippete
3tap happened. out with +20 pips...
Great H1 4C BO too, Now going into a ZC trade.
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  • #8,424
  • Jan 4, 2011 6:22am Jan 4, 2011 6:22am
Quoting LFB
Looking at those i think GBP/USD and GBP/JPY also can move up but it excedes my imagination limit. How many hundreds pips those two can go in one day?
Wow! Now in consolidation and looking ready to retrace.
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  • #8,425
  • Jan 4, 2011 6:27am Jan 4, 2011 6:27am
Same as GBPJPY. I am in this trade short.
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  • #8,426
  • Jan 4, 2011 6:28am Jan 4, 2011 6:28am
Quoting lawgirl21
Wow! Now in consolidation and looking ready to retrace.
I wish you luck on it. Have tried twice with small SL (not at the other side of consolidation) and got burned twice. Let me know please if you will enter this one.
  • #8,427
  • Jan 4, 2011 6:34am Jan 4, 2011 6:34am
Quoting LFB
I wish you luck on it. Have tried twice with small SL (not at the other side of consolidation) and got burned twice. Let me know please if you will enter this one.
PA has to have some room...
  • #8,428
  • Jan 4, 2011 6:38am Jan 4, 2011 6:38am
Quoting lawgirl21
PA has to have some room...
Yes i know i have finally lost what i should set at the begging.
  • #8,429
  • Jan 4, 2011 6:38am Jan 4, 2011 6:38am
Quoting forxsniper1
does anyone see any 1H 4taps or 4H 3tap on this pair and which direction PA will be heading? Thanks in advance.
This pair is really squirrelly right now. I'm staying away from it until it makes up its mind.
  • #8,430
  • Jan 4, 2011 6:39am Jan 4, 2011 6:39am
This pair has been consolidating for 8 hrs now... Also formed a 3tap long setup.. Waiting for that big push and PA to move up...
OK, I'll stop my charts now.
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  • #8,431
  • Jan 4, 2011 6:40am Jan 4, 2011 6:40am
There is 3Tap down at H1 but i really don't like PA.
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  • #8,432
  • Jan 4, 2011 6:40am Jan 4, 2011 6:40am
Quoting LFB
Yes i know i have finally lost what i should set at the begging.
I'm not sure what you mean...
  • #8,433
  • Jan 4, 2011 6:42am Jan 4, 2011 6:42am
Quoting pippete
This pair has been consolidating for 8 hrs now... Also formed a 3tap long setup.. Waiting for that big push and PA to move up...
OK, I'll stop my charts now.
No..please don't stop your charts. They are so clear and easy to read! And it means I don't have to post as many!
  • #8,434
  • Jan 4, 2011 6:43am Jan 4, 2011 6:43am
Quoting lawgirl21
I'm not sure what you mean...
I know that i should have SL at the oder side of last few candles consolidation. I know why i should do this, but it was too many pips from my enter so i decided to be smart and cut some. Then i have tried to be smart once more... I think i will not try to be smart next few days
  • #8,435
  • Jan 4, 2011 6:44am Jan 4, 2011 6:44am
Quoting LFB
There is 3Tap down at H1 but i really don't like PA.
3 Tap H1 trades are not as reliable as H4 3 Taps. I would be very careful with them. Also, if you would change the color of your grid from gray to black, your charts would be easier to read. Just a suggestion..
  • #8,436
  • Jan 4, 2011 6:47am Jan 4, 2011 6:47am
Quoting LFB
I know that i should have SL at the oder side of last few candles consolidation. I know why i should do this, but it was to many pips from my enter so i decided to be smart and cut some. Then i have tried to be smart once more... I think i will not try to be smart next few days
Oh, now I understand..I have tried being smart many times too and take short cuts. I always get caught. I'm sure all of us have..you are in good company here.
  • #8,437
  • Jan 4, 2011 6:52am Jan 4, 2011 6:52am
IMHO, the smart thing to do is follow the Market and PA.
They are never wrong!
  • #8,438
  • Jan 4, 2011 6:54am Jan 4, 2011 6:54am
This is strange looking..
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  • #8,439
  • Jan 4, 2011 7:06am Jan 4, 2011 7:06am
This pair loves several hour consolidations and BOs. This is the 4th one in the last 2 days.
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  • #8,440
  • Jan 4, 2011 7:08am Jan 4, 2011 7:08am
Quoting lawgirl21
No..please don't stop your charts. They are so clear and easy to read! And it means I don't have to post as many!
Let me ask you this. 3 taps per H4 now?
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