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Trade What You See - Almost Naked Trading

  • #8,481
  • Jan 4, 2011 5:34pm Jan 4, 2011 5:34pm
Quoting lawgirl21
Yes, this pair is in consolidation, but direction is mixed, so I would watch it to see what it will finally do.
Bit of a bull flag / pennant and rounded bottom making me lean more towards the upside ATM.
Today's zone = Tomorrow's opportunity!
  • #8,482
  • Jan 4, 2011 5:43pm Jan 4, 2011 5:43pm
Quoting pres78
Bit of a bull flag / pennant and rounded bottom making me lean more towards the upside ATM.
I think long too, but want more PA confirmation.
  • #8,483
  • Jan 4, 2011 5:52pm Jan 4, 2011 5:52pm
Quoting lawgirl21
I think long too, but want more PA confirmation.
completely agree... seems to be accumulating but will have to see...
Today's zone = Tomorrow's opportunity!
  • #8,484
  • Jan 4, 2011 6:29pm Jan 4, 2011 6:29pm
Quoting pres78
completely agree... seems to be accumulating but will have to see...

fwiw, cable loves 50% retraces first.....
  • #8,485
  • Jan 4, 2011 6:32pm Jan 4, 2011 6:32pm
Quoting bimmerbob
fwiw, cable loves 50% retraces first.....
It's right at that now.
  • #8,486
  • Jan 4, 2011 6:36pm Jan 4, 2011 6:36pm
Quoting lawgirl21
It's right at that now.
It seems like its going to BO south??
  • #8,487
  • Jan 4, 2011 6:36pm Jan 4, 2011 6:36pm
..is in it's 5th consolidation in 2 days.
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  • #8,488
  • Jan 4, 2011 6:37pm Jan 4, 2011 6:37pm
Quoting bimmerbob
fwiw, cable loves 50% retraces first.....
and a test of 5550 (50% fib) or 5560 (daily pivot) before moving up is very possible... that's why more confirmation is needed before chosing a side. Looks like we might be seeing an early break out to the downside... these early moves on big candles always makes me wary of false breaks.
Today's zone = Tomorrow's opportunity!
  • #8,489
  • Jan 4, 2011 6:48pm Jan 4, 2011 6:48pm
Quoting lawgirl21
It's right at that now.
I was actually referring to the day's (Jan 4th) hi/lo....
  • #8,490
  • Jan 4, 2011 6:53pm Jan 4, 2011 6:53pm
Consolidation zone for EURUSD?
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  • #8,491
  • Jan 4, 2011 9:31pm Jan 4, 2011 9:31pm
Just have a question. How to determine is the best way to put pending buy or sell order . this is because sometime when the pair set up for BO but...we need to away for our screen. I see you don't normally use pending order when you trade.

thank you
  • #8,492
  • Edited 9:51pm Jan 4, 2011 9:42pm | Edited 9:51pm
Quoting cwl0375
Just have a question. How to determine is the best way to put pending buy or sell order . this is because sometime when the pair set up for BO but...we need to away for our screen. I see you don't normally use pending order when you trade.

thank you

Not meaning to butt in, but, surely the important point is to watch for the triggers that make you take the trade. On the other hand, if you are relatively confident of a break's direction, then discretion plays a big part with reference to S/R lines, etc; therefore your SL & TPs.
  • #8,493
  • Jan 4, 2011 9:49pm Jan 4, 2011 9:49pm
I'm not seeing many setting up pairs right now.
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  • #8,494
  • Jan 4, 2011 9:50pm Jan 4, 2011 9:50pm
Sorry EURJPY
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  • #8,495
  • Jan 4, 2011 9:53pm Jan 4, 2011 9:53pm
Quoting lawgirl21
I'm not seeing many setting up pairs right now.
Hi lawgirl

I put USDCHF on my watchlist for BO

Cheers
Andreas
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  • #8,496
  • Jan 4, 2011 9:54pm Jan 4, 2011 9:54pm
... or is it a bit too late already (3 M15 cadles above BO)?
Oh, Andreas was faster... sorry
  • #8,497
  • Jan 4, 2011 9:57pm Jan 4, 2011 9:57pm
LG, what do you think of this pair?I see that the weekly and monthly TFs are also very near support.

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  • #8,498
  • Jan 4, 2011 10:10pm Jan 4, 2011 10:10pm
havent we just had a touch on the 4hr eu to the downside?

great forum by the way LG
  • #8,499
  • Jan 4, 2011 10:19pm Jan 4, 2011 10:19pm
Quoting AndreasF
Hi lawgirl

I put USDCHF on my watchlist for BO

Cheers
Andreas

I'm not liking it..too mixed.
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  • #8,500
  • Jan 4, 2011 10:21pm Jan 4, 2011 10:21pm
Quoting natnimrey
LG, what do you think of this pair?I see that the weekly and monthly TFs are also very near support.

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I don't trade that pair..what's the spread like..and look at the RSIs.
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