Trade What You See - Almost Naked Trading | Page 438 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking on a naked chart, can you pick the best strategy? 32 replies

How do you see trading - Do you see it as a means to an end? 12 replies

Can you tell with naked eyes? 151 replies

Bow's trading journal 2 (almost naked trading on m5) 26 replies

Trading as naked as you can get 0 replies

Attachments: Trade What You See - Almost Naked Trading
Exit Attachments

Trade What You See - Almost Naked Trading

  • #8,741
  • Jan 6, 2011 9:05am Jan 6, 2011 9:05am
OK...things are popping with our consolidation BOs.
  • #8,742
  • Jan 6, 2011 9:17am Jan 6, 2011 9:17am
Please watch PA closely.
IMHO it's going to break support...
  • #8,743
  • Jan 6, 2011 9:20am Jan 6, 2011 9:20am
ZC trade with PA breaking the low.
Attached Image
  • #8,744
  • Jan 6, 2011 9:20am Jan 6, 2011 9:20am
Thanks for the replies and feedback guys...I have scanned through about a hundred threads in different forums before, talking about indicators and stuff, but it is through conversations with you all that I have truly progressed in trading
  • #8,745
  • Jan 6, 2011 9:21am Jan 6, 2011 9:21am
Quoting geula4
Please watch PA closely.
IMHO it's going to break support...
stubborn support
  • #8,746
  • Jan 6, 2011 9:22am Jan 6, 2011 9:22am
Quoting geula4
stubborn support

yeah, stopped at 82.72 then bounced back. urghhhh
  • #8,747
  • Jan 6, 2011 9:25am Jan 6, 2011 9:25am
GBPAUD...

is this a valid set up? (I've just started reading through so sorry if there's obvious mistakes here...

RSI (3) Monthly, Weekly, 4 hr, 1 hr all up (though 1hr only marginal when first typing this).
Break of resistance taken from first 4 candles of the day (H1).

Two questions...

How much of a break is a break? The 12-pip "break" seen here has already reversed in the time of typing this!

What size of move is anticipated? Over coming days (weeks) I have three targets: 1.57 / 1.5870 / 1.6350. However, this particular set up feels more like a quick, small gain (maybe TP1 if lucky) rather than a buy and hold for days. Does that make sense?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud 1hr.JPG Size: 160 KB
  • #8,748
  • Jan 6, 2011 9:26am Jan 6, 2011 9:26am
Quoting lawgirl21
ZC trade with PA breaking the low.
Let's hope 1.3060-70 support breaks down soon...
  • #8,749
  • Jan 6, 2011 9:26am Jan 6, 2011 9:26am
Quoting natnimrey
Thanks for the replies and feedback guys...I have scanned through about a hundred threads in different forums before, talking about indicators and stuff, but it is through conversations with you all that I have truly progressed in trading
That is the highest compliment...thank you so much from all of us. I believe we have very high caliber traders on this thread.
  • #8,750
  • Jan 6, 2011 9:27am Jan 6, 2011 9:27am
This is a 15M chart. I'm waiting for the new 15M candle to begin. if ie opens 0.8432, i'll execute the trade.

RSI is all pointing down now. This is e correct approach, right LG/geula4?
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 67 KB
  • #8,751
  • Jan 6, 2011 9:27am Jan 6, 2011 9:27am
Quoting kedridder
yeah, stopped at 82.72 then bounced back. urghhhh
IMHO all we need is patience...
The move will come sooner or later.
  • #8,752
  • Jan 6, 2011 9:27am Jan 6, 2011 9:27am
Heading south on 4h chart. Likely to test the previous support at 1.545 . If break the next level support at 1.5385.
  • #8,753
  • Jan 6, 2011 9:33am Jan 6, 2011 9:33am
Quoting kedridder
This is a 15M chart. I'm waiting for the new 15M candle to begin. if ie opens 0.8432, i'll execute the trade.

RSI is all pointing down now. This is e correct approach, right LG/geula4?
Looks OK to me IMHO.
Perhaps we can enter now?
LG and everyone, what do you think?
  • #8,754
  • Jan 6, 2011 9:33am Jan 6, 2011 9:33am
...Busted I am...

Quoting lawgirl21
...using the M15, or if you are Scrutch the M5 chart...
Listen to the whispers.... You may learn something
  • #8,755
  • Jan 6, 2011 9:35am Jan 6, 2011 9:35am
Quoting geula4
Looks OK to me IMHO.
Perhaps we can enter now?
LG and everyone, what do you think?

yup, i'm in
  • #8,756
  • Jan 6, 2011 9:35am Jan 6, 2011 9:35am
Quoting kedridder
This is a 15M chart. I'm waiting for the new 15M candle to begin. if ie opens 0.8432, i'll execute the trade.

RSI is all pointing down now. This is e correct approach, right LG/geula4?
No..I can't see your support line on your chart. Be patient..wait for a good close of a M15 candle and at least the start of another red one. If you look at the H1 candle, it is not strongly piercing that support line. Here is how my M15 chart looks.
Attached Image
  • #8,757
  • Jan 6, 2011 9:35am Jan 6, 2011 9:35am
IMHO we have here some stubborn support levels...
Anyone can calm them down?
  • #8,758
  • Jan 6, 2011 9:37am Jan 6, 2011 9:37am
Quoting Scrutch
...Busted I am...
I was wondering if you would catch that little..dig.
  • #8,759
  • Jan 6, 2011 9:38am Jan 6, 2011 9:38am
Quoting lawgirl21
No..I can't see your support line on your chart. Be patient..wait for a good close of a M15 candle and at least the start of another red one. If you look at the H1 candle, it is not strongly piercing that support line. Here is how my M15 chart looks.

ahhhh.... close of a 15m candle. i'm too impatient again. i gotta work harder in this dept. urghh
  • #8,760
  • Jan 6, 2011 9:38am Jan 6, 2011 9:38am
Quoting lawgirl21
No..I can't see your support line on your chart. Be patient..wait for a good close of a M15 candle and at least the start of another red one. If you look at the H1 candle, it is not strongly piercing that support line. Here is how my M15 chart looks.
Oops. Sorry kedridder, perhaps I jumped in too quickly...
6 traders viewing now