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Trade What You See - Almost Naked Trading

  • #9,181
  • Jan 11, 2011 9:48am Jan 11, 2011 9:48am
Quoting kedridder
haa! they're saying something which all of us know
NO VALUE, no value!!
Actually, knowing why "makes no difference to us, as we have no control over it. We just react to it." Jesse Livermore
  • #9,182
  • Jan 11, 2011 9:49am Jan 11, 2011 9:49am
Quoting lawgirl21
Actually, knowing why "makes no difference to us, as we have no control over it. We just react to it." Jesse Livermore

yup, lets go fishing!
  • #9,183
  • Jan 11, 2011 9:50am Jan 11, 2011 9:50am
Waiting for PA to clear 9755 area
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  • #9,184
  • Jan 11, 2011 9:50am Jan 11, 2011 9:50am
H4 Channel AUDJPY
  • #9,185
  • Jan 11, 2011 9:53am Jan 11, 2011 9:53am
Missed this nice BO
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  • #9,186
  • Jan 11, 2011 9:55am Jan 11, 2011 9:55am
Quoting lawgirl21
In this one from an H4 BO
Lawgirl might I ask what made you get in when you did and why not sooner? The high close of my 4hr candle was 2544. I know you leave a buffer to protect from false breakouts and use 15min candles for entries. There was a nice 1hr bull candle that closed at 2551 followed by an indecision candle so I see why that would have kept people out but on the last break out why not enter on the break out of the daily high excluding that really long candle at 2563 which is alomst 20 pips higher than the 4hr break out level. Watching the break of this level we had a 15min candle close above it giving an entry at around 2580 (now 35 pips clear of 4hr break level).

Just trying to get my head wrapped around how you trade the break outs with repect to getting in after a certain move. Since price had already moved so much before getting in are you concerned that it may just range along to complete the day.
Today's zone = Tomorrow's opportunity!
  • #9,187
  • Jan 11, 2011 9:55am Jan 11, 2011 9:55am
Quoting Mvp
H4 Channel AUDJPY
I've been thinking it was going to break to the down side, but you are right, could be channel trading this pair.
  • #9,188
  • Jan 11, 2011 9:59am Jan 11, 2011 9:59am
Quoting lawgirl21
I've been thinking it was going to break to the down side, but you are right, could be channel trading this pair.

yup, will AUDJPY start to fall?
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  • #9,189
  • Jan 11, 2011 9:59am Jan 11, 2011 9:59am
Quoting pres78
Lawgirl might I ask what made you get in when you did and why not sooner? The high close of my 4hr candle was 2544. I know you leave a buffer to protect from false breakouts and use 15min candles for entries. There was a nice 1hr bull candle that closed at 2551 followed by an indecision candle so I see why that would have kept people out but on the last break out why not enter on the break out of the daily high excluding that really long candle at 2563 which is alomst 20 pips higher than the 4hr break out level. Watching the break of this level...
I had been watching it for a H1 BO. But the H4 BO was so decisive, I decided to get in. It remains to be seen if that was a good move or not. I decided last night because of the false BOs lately, to be more conservative with H1 BOs and the M15 charts. Likely to get fewer pips that way, but less false BOs.
  • #9,190
  • Jan 11, 2011 10:02am Jan 11, 2011 10:02am
Quoting lawgirl21
I had been watching it for a H1 BO. But the H4 BO was so decisive, I decided to get in. It remains to be seen if that was a good move or not. I decided last night because of the false BOs lately, to be more conservative with H1 BOs and the M15 charts. Likely to get fewer pips that way, but less false BOs.
Understood and thanks for clarifying... (I missed that it was a H4 breakout... sorry about that).
Today's zone = Tomorrow's opportunity!
  • #9,191
  • Jan 11, 2011 10:06am Jan 11, 2011 10:06am
IMHO, starting to move up again...
  • #9,192
  • Jan 11, 2011 10:19am Jan 11, 2011 10:19am
Out with +5 pips. Have to go to work...can't monitor it.
  • #9,193
  • Jan 11, 2011 10:21am Jan 11, 2011 10:21am
Quoting geula4
IMHO, starting to move up again...
IMHO, I was wrong. 1.2630 turns out to be stronger resistance than expected...
I hope we just need some more patience here.
  • #9,194
  • Jan 11, 2011 10:26am Jan 11, 2011 10:26am
Quoting lawgirl21
Out with +5 pips. Have to go to work...can't monitor it.
IMHO, strange PA indeed...
Glad you're out with some pips
  • #9,195
  • Jan 11, 2011 10:34am Jan 11, 2011 10:34am
IMHO, i don't like the PA in the 15M candles.
Not sure if price is just resting at this level before continuing up or reached a reverse point.
I'm out...

Good luck to everyone who is still in this trade!
  • #9,196
  • Jan 11, 2011 10:54am Jan 11, 2011 10:54am
Quoting geula4
IMHO, i don't like the PA in the 15M candles.
Not sure if price is just resting at this level before continuing up or reached a reverse point.
I'm out...

Good luck to everyone who is still in this trade!
Now it's moving...
  • #9,197
  • Jan 11, 2011 11:02am Jan 11, 2011 11:02am
Quoting geula4
IMHO next resistance may be around 1.2660 area.
Hope price will clear that level quickly and then hopefully up to 1.2700.
1.2660 reached.
Hope everyone who is still trading this pair will see 1.2700 soon!
Good luck!!
  • #9,198
  • Edited 12:32pm Jan 11, 2011 11:28am | Edited 12:32pm
Quoting LFB
This is also what i expect in this fakeout times. I am already in long (GBP/USD) with SL set to 1.5530. BTW could you please send me PM where i can find this Pivot indicator?
Happy piping today.
EDIT: i am 30 minutes in this trade and PA still going nowhere.
You needed a bigger stoploss, now it is going north in positive, but you got stopped out. How are you suppose to know.
//easy for me to say after the fact.
It all a guess, just need to figure out the odds of which way, how far it will go, how far it will pull back, where to put your stop so it doesnt get hit, and where to put your profit so it gets hit. Of course there is MM money mangement also.
I am still trying to figure it all out, but everyday we get a little smarter, wiser, hopefully
  • #9,199
  • Jan 11, 2011 1:15pm Jan 11, 2011 1:15pm
Ok, everyone was screaming that GPBUSD is going skyrocket on forex forums.i know from experience that 95% are wrong , and it is a good thing to bet against majority of retail traders lol. i have done something which is not by the LG rules but its working for now!

i have found a Resistance trend line from 11 nov , and placed a sell live trade on it , it was against M1, D1 H4, but that Tl was so many times respected that i had to take it in a account ! i have already moved trade in a 3pip + BE , and i am going to let it ride till it reach for support TL on Demarco indicator on other picture , and i will close it there.there i will place a buy trade , with a tight Sl -in a case that PA pierce thru the line ! Now cross my fingers , and execute the trade! i feel like a kid in a candy store
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Help to be helped.
  • #9,200
  • Jan 11, 2011 1:23pm Jan 11, 2011 1:23pm
Quoting Lazar83
Ok, everyone was screaming...

hey, can you tell me what indicator do you use to show other timeframes in the upper right corner of the graph?

thanks
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