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Trade What You See - Almost Naked Trading

  • #9,301
  • Jan 12, 2011 3:07pm Jan 12, 2011 3:07pm
These are excellent questions CFX. These are pure PA trades. I have not checked out what was happening on the M15 chart with that 1st green candle that poked through the resistence line, but hopefully watching that chart would have kept us out of a long trade there. Centainly the next red candle on the H1 chart would have done so.

These kinds of trades are alot of fun...but they must be watched and there should not be any preconceived ideas of taking a set number of pips...get in, get out, get in, get out.....And sooner or later, as today, PA will continue in a direction and just go flying past that R/S line. Hopefully, we will be prepared for that too.
  • #9,302
  • Jan 12, 2011 3:12pm Jan 12, 2011 3:12pm
Ok thank you very much for replying lawgirl21, much appriciated. .

I hope to learn your method of trading soon and provide input into the thread to make keep us all aware incase someone forgets etc so I really appricate you taking your time to help.

Thank you .
  • #9,303
  • Jan 12, 2011 3:19pm Jan 12, 2011 3:19pm
LG , any thoughts about EURUSD ?
Help to be helped.
  • #9,304
  • Jan 12, 2011 3:36pm Jan 12, 2011 3:36pm
Quoting Lazar83
LG , any thoughts about EURUSD ?

In consoliation now after that great BO...certainly on my watch list. Congratulations on your great pip day!
Attached Image
  • #9,305
  • Jan 12, 2011 3:40pm Jan 12, 2011 3:40pm
Quoting JGforex7780
Set up a pending order and woke up with +50pips. YES!!!!
Great job! That's what I should have done.
  • #9,306
  • Jan 12, 2011 3:50pm Jan 12, 2011 3:50pm
Just wondering, lawgirl21, can it be anywhere where the 4 candles appear to channel on the H1 chart? Reason I ask is because I thought it was to be done after the period seperators... however I see you've done it just before the period seperator so was wondering the 'flexibility' of this BO trade to apply the 4 1HR candle channel?

Thanks
  • #9,307
  • Jan 12, 2011 3:56pm Jan 12, 2011 3:56pm
Quoting lawgirl21
In consoliation now after that great BO...certainly on my watch list. Congratulations on your great pip day!
tnx LG , cant wait tomorrow and the bond sale , that thing is going to be decisive for millions of retail traders!
Help to be helped.
  • #9,308
  • Jan 12, 2011 4:08pm Jan 12, 2011 4:08pm
Quoting ConstantFX
Just wondering, lawgirl21, can it be anywhere where the 4 candles appear to channel on the H1 chart? Reason I ask is because I thought it was to be done after the period seperators... however I see you've done it just before the period seperator so was wondering the 'flexibility' of this BO trade to apply the 4 1HR candle channel?

Thanks
Think of it this way: If I see 4 candles in a narrow range..I take notice. If I see 6 or more candles in a narrow range, as we see on the H4 EURBGP chart....I really, really take notice. The more consolidation, the bigger the potential for a huge BO.
  • #9,309
  • Jan 12, 2011 5:10pm Jan 12, 2011 5:10pm
Quoting lawgirl21
Think of it this way: If I see 4 candles in a narrow range..I take notice. If I see 6 or more candles in a narrow range, as we see on the H4 EURBGP chart....I really, really take notice. The more consolidation, the bigger the potential for a huge BO.
So one should not fixed 4C in H1 to first 4 candle after period separator for H1 4C BO ?
  • #9,310
  • Jan 12, 2011 5:15pm Jan 12, 2011 5:15pm
Quoting coffeebean27
So one should not fixed 4C in H1 to first 4 candle after period separator for H1 4C BO ?

Yes, yes..nothing has changed the R/S lines are marked after the period separator just like always.
  • #9,311
  • Jan 12, 2011 6:45pm Jan 12, 2011 6:45pm
Quoting FXMajors
Happy belated New Year everyone. LG your thoughts on this set up?

Cheers
I'm in it as a H1 4C BO trade. I believe it will retrace after that nice move up and stall out for a few hours.
  • #9,312
  • Jan 12, 2011 6:53pm Jan 12, 2011 6:53pm
BO setting up
Attached Image
  • #9,313
  • Jan 12, 2011 6:58pm Jan 12, 2011 6:58pm
This pair can be looked at two ways..as a H1 4C BO or as a H4 channel trade and maybe BO
Attached Image
  • #9,314
  • Edited 7:46pm Jan 12, 2011 7:27pm | Edited 7:46pm
LG, do you think there's potential in GBPCHF's uptrend if e resistance for 4C H1 BO is broken?
Attached Image (click to enlarge)
Click to Enlarge Name: gc.jpg Size: 127 KB
  • #9,315
  • Jan 12, 2011 7:45pm Jan 12, 2011 7:45pm
geula
ic the chanel is still alive on eur gbp
  • #9,316
  • Jan 12, 2011 7:55pm Jan 12, 2011 7:55pm
Quoting lawgirl21
I'm in it as a H1 4C BO trade. I believe it will retrace after that nice move up and stall out for a few hours.
Thanks LG...
  • #9,317
  • Jan 12, 2011 8:37pm Jan 12, 2011 8:37pm
Did someone break the market, because nothing is moving on my end.
  • #9,318
  • Jan 12, 2011 8:42pm Jan 12, 2011 8:42pm
I think LG hit the pause button by mistake.
  • #9,319
  • Jan 12, 2011 8:52pm Jan 12, 2011 8:52pm
he he he loolest

Quoting Fitness09
I think LG hit the pause button by mistake.
Bay The earth is the Lord's and the fullness thereoff.
  • #9,320
  • Jan 12, 2011 10:16pm Jan 12, 2011 10:16pm
Quoting Fitness09
I think LG hit the pause button by mistake.
Mornin folks! Watch out,
there`s a lot of news coming up in the London session....
All are waiting...
There`s no life before COFFEE!
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