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Trade What You See - Almost Naked Trading

  • #8,661
  • Jan 5, 2011 10:13pm Jan 5, 2011 10:13pm
Quoting kedridder
b'cos e 4th candle has not closed completely?
Weak candles with too long wicks, RSIs too mixed. PA needs to be much stronger. Not a strong move at this point.
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  • #8,662
  • Jan 5, 2011 10:17pm Jan 5, 2011 10:17pm
Quoting lawgirl21
Weak candles with too long wicks, RSIs too mixed. PA needs to be much stronger. Not a strong move at this point.

yup, RSI wasnt like this when i post it up. but i must admit, e candles r weak. thanks for e tip.
  • #8,663
  • Jan 5, 2011 10:58pm Jan 5, 2011 10:58pm
Quoting lawgirl21
Maybe...
Loking at the eur/jpy one(1) hour chart you posted earlier even though the candle closes below the horizontal line I would be a bit hesitant knowing that the RSI weekly indicator is showing a buy and today is thursday.
  • #8,664
  • Jan 5, 2011 11:06pm Jan 5, 2011 11:06pm
seem many pairs in H4 are in BO condition,eg EUR/USD, USD/JPY,GBP/USD,EUR/JPY,USD/CHF,USD/CAD.. ,if you catch the right direction then
  • #8,665
  • Jan 5, 2011 11:07pm Jan 5, 2011 11:07pm
Hi Lawgirl21,

I notice "LONG" trend setup for USDSGD as shown in the below chart, how i draw my trendline to look for 3 taps ? Is the trendline on chart right ? If yes i am looking for a trigger trade - i.e. 3rd tap on my trendline.

Thx

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  • #8,666
  • Jan 5, 2011 11:22pm Jan 5, 2011 11:22pm
what is BO condition
  • #8,667
  • Jan 5, 2011 11:24pm Jan 5, 2011 11:24pm
BO = break out, the price might either go up or down
  • #8,668
  • Jan 6, 2011 1:59am Jan 6, 2011 1:59am
Snatched 15 pips on one order and got stopped out at +1 for another. Like EUR/GBP, the heavy support on the daily chart makes me nervous, and I'd take whatever I can. Let's see if it can break it.

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  • #8,669
  • Jan 6, 2011 2:04am Jan 6, 2011 2:04am
[quote=natnimrey;4291286]Snatched 15 pips on one order and got stopped out at +1 for another. Like EUR/GBP, the heavy support on the daily chart makes me nervous, and I'd take whatever I can. Let's see if it can break it.

it's nice to c u back again and even better to hear good news from ya.
congrads nat!
  • #8,670
  • Jan 6, 2011 2:15am Jan 6, 2011 2:15am
Thanks kedThat was my first trade for today and yesterday lol...I missed many big moves and market is pretty erratic today...lots of wicked candlesHow's your trading going?
  • #8,671
  • Jan 6, 2011 2:23am Jan 6, 2011 2:23am
Quoting natnimrey
Thanks kedThat was my first trade for today and yesterday lol...I missed many big moves and market is pretty erratic today...lots of wicked candlesHow's your trading going?

well, it's still the EURGBP which i have entered too soon. lucky it took a dip half an hour ago. before that, it's been rather quiet.
u didnt lose out much while ur catching some rest.

lets start e battle together! yeeeeehaw!
  • #8,672
  • Jan 6, 2011 2:32am Jan 6, 2011 2:32am
Quoting kedridder
well, it's still the EURGBP which i have entered too soon. lucky it took a dip half an hour ago. before that, it's been rather quiet.
u didnt lose out much while ur catching some rest.

lets start e battle together! yeeeeehaw!
The dip started when London session started, that's always the start of more activity :-)
  • #8,673
  • Jan 6, 2011 2:37am Jan 6, 2011 2:37am
Quoting KillerAntz
The dip started when London session started, that's always the start of more activity :-)
yup. i totally agree. with more news coming out later from these few EU countries, we can expect more volatility.
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  • #8,674
  • Jan 6, 2011 2:40am Jan 6, 2011 2:40am
Quoting kedridder
yup. i totally agree. with more news coming out later from these few EU countries, we can expect more volatility.
what is the source of this news, looks nice overview
  • #8,675
  • Jan 6, 2011 2:52am Jan 6, 2011 2:52am
Awesome ked...I see your EUR/GBP trade worked out beautifullyLets see how the PMI news will move the pound...
  • #8,676
  • Jan 6, 2011 2:54am Jan 6, 2011 2:54am
Quoting natnimrey
Awesome ked...I see your EUR/GBP trade worked out beautifullyLets see how the PMI news will move the pound...

yup, alrite. so wats on your radar or open trades now?
  • #8,677
  • Jan 6, 2011 3:18am Jan 6, 2011 3:18am
Quoting KillerAntz
what is the source of this news, looks nice overview
i PM'ed u. did u receive?
  • #8,678
  • Jan 6, 2011 3:22am Jan 6, 2011 3:22am
Quoting kedridder
yup, alrite. so wats on your radar or open trades now?
Sadly, none right now. Was interested in the yen pairs but they're all breaking out against RSI direction, except GBP/JPY, which is looking good for a 3 tap trade...what do you guys think?

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  • #8,679
  • Jan 6, 2011 3:27am Jan 6, 2011 3:27am
Quoting natnimrey
Sadly, none right now. Was interested in the yen pairs but they're all breaking out against RSI direction, except GBP/JPY, which is looking good for a 3 tap trade...what do you guys think?

Attachment

oops, u might need to wait for geula4. i'm bad in 3 tap trades. i just couldnt spot it wif my unskilled eyes. i been reading e 1st post numerous times, but i still don't get it. so e BO works for me.
  • #8,680
  • Jan 6, 2011 3:35am Jan 6, 2011 3:35am
Quoting kedridder
oops, u might need to wait for geula4. i'm bad in 3 tap trades. i just couldnt spot it wif my unskilled eyes. i been reading e 1st post numerous times, but i still don't get it. so e BO works for me.
Haha I'm bad at it too...clueless about SLs and TPs...anyway the pound just took a nosedive, I think the setup's been spoiled
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