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Trade What You See - Almost Naked Trading

  • #9,341
  • Jan 13, 2011 4:19am Jan 13, 2011 4:19am
Quoting artfuls
geula
ic the chanel is still alive on eur gbp
IMHO, no.
I tried to trade it as a BO, but news releases are keeping market at bay atm.
Please see the previous posts...

Sorry I didn't answer your question earlier.
Hope this helps.
  • #9,342
  • Jan 13, 2011 4:26am Jan 13, 2011 4:26am
Before and after(now)charts below, the markets discounts all information and it is all in the chart(graphic representation of market action).

Confidence in your ability is the key, it can be achieved with practice, magically where are we now??

ha 50% fibo attraction.

honestly, more pips to all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro$$.gif Size: 21 KB
Click to Enlarge Name: euro$$s.gif Size: 22 KB
  • #9,343
  • Jan 13, 2011 5:02am Jan 13, 2011 5:02am
Quoting KillerAntz
LFB, don't worry, I really do appriciate your advice. It's 100% true! Trading is about winning pips, losing pips and winning/losing the right amount op pips. This week has been a good lesson to me and I will set a SL every time, if I don't have time to set this, than I should conclude I don't have time to go in this trade. Again, thanks for the advice!

I lost the gain i made last week. I think learning from experience trader like LG and geula4 make you a better trader. SAD SAD SAD
  • #9,344
  • Jan 13, 2011 5:54am Jan 13, 2011 5:54am
What do you guys think of this trade?

Will it go beyond 1.3157 (if it gets there at all)
Attached Image
  • #9,345
  • Jan 13, 2011 6:29am Jan 13, 2011 6:29am
Quoting cwl0375
I lost the gain i made last week. I think learning from experience trader like LG and geula4 make you a better trader. SAD SAD SAD
Hi cwl0375,

We are learning all here!

Look at the last few trade ideas I've posted, none of them worked out very well.
Please remember that we have a lot of news today and market is definitely tricky atm...
In such conditions, perhaps it's better to trade smaller lots or even demo.

We all have our wins and losses.
A good trader learns from his/her mistakes and moves on.
I'm sure you'll have many good trades in the future!!
  • #9,346
  • Jan 13, 2011 6:32am Jan 13, 2011 6:32am
Quoting bolo
What do you guys think of this trade?

Will it go beyond 1.3157 (if it gets there at all)
Hi Bolo,

Welcome!
Can you please explain your trade idea?
Thank you!
  • #9,347
  • Jan 13, 2011 6:35am Jan 13, 2011 6:35am
Quoting goldenequity
http://img703.imageshack.us/img703/3365/gbpusde.png
hi, just a quick question:

what is the reason for the channel you drew... where does it start and end... whats the reason for the boundaries?

THX
  • #9,348
  • Jan 13, 2011 6:42am Jan 13, 2011 6:42am
Quoting inad07
hi, just a quick question:

what is the reason for the channel you drew... where does it start and end... whats the reason for the boundaries?

THX
Please look at the left side of the picture.

There you see a white vertical dash line and a gray area that marks the highs and lows of the first candles at the start of the day.

We are looking for a break out from that range. Please read the first post in this thread about this setup.

Hope this helps.
  • #9,349
  • Jan 13, 2011 6:59am Jan 13, 2011 6:59am
dont have nervs to wait for a major TL brake over 0.8356 , PA was rejected several times, probably it will , but i dont want to my account suffer because my bad judgment .
closed 1 lot from 0.8324 and 2lots 0.8342 with tp 0.8353 41 pip total...now to wait for news on USD !
Help to be helped.
  • #9,350
  • Jan 13, 2011 7:05am Jan 13, 2011 7:05am
Quoting Lazar83
dont have nervs to wait for a major TL brake over 0.8356 , PA was rejected several times, probably it will , but i dont want to my account suffer because my bad judgment .
closed 1 lot from 0.8324 and 2lots 0.8342 with tp 0.8353 41 pip total...now to wait for news on USD !
Congrats!
  • #9,351
  • Jan 13, 2011 7:18am Jan 13, 2011 7:18am
Quoting geula4
Hi Bolo,

Welcome!
Can you please explain your trade idea?
Thank you!
Price bounced of the support twice + on 4hr chart last bar was inverted hammer. So I wait until the price reaches somewhere in the middle of the last bar which retraced from the resistance level and short it. TP is the next resistance level.

High probability of trades especially when bar formation confluences with resistant or support levels.

Hope that helps
  • #9,352
  • Jan 13, 2011 7:24am Jan 13, 2011 7:24am
Welcome to 2011 everyone!
Just back from a long holiday. Won't be trading until Monday, and then we'll start it together again.
For those who PMed me, I'm gonna reply on Monday, it's quite a number I must have to defer it.

Great trading guys.

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #9,353
  • Jan 13, 2011 7:35am Jan 13, 2011 7:35am
Quoting Precap2
Welcome to 2011 everyone!
Just back from a long holiday. Won't be trading until Monday, and then we'll start it together again.
For those who PMed me, I'm gonna reply on Monday, it's quite a number I must have to defer it.

Great trading guys.

PC2
  • #9,354
  • Jan 13, 2011 7:36am Jan 13, 2011 7:36am
Quoting bolo
Price bounced of the support twice + on 4hr chart last bar was inverted hammer. So I wait until the price reaches somewhere in the middle of the last bar which retraced from the resistance level and short it. TP is the next resistance level.

High probability of trades especially when bar formation confluences with resistant or support levels.

Hope that helps
Thank you for this explanation.
  • #9,355
  • Jan 13, 2011 7:59am Jan 13, 2011 7:59am
Quoting geula4
Thank you for this explanation.
Price bounced against me this time ... but plenty more opportunities to come.
  • #9,356
  • Jan 13, 2011 8:00am Jan 13, 2011 8:00am
EURGBP finally moved up.
Hope some of you made good pips on it.
I stayed out because of news releases...
  • #9,357
  • Jan 13, 2011 8:07am Jan 13, 2011 8:07am
very nice BO.
IMHO, if it overcomes current resistance (recent swing high), might run 100 pips more up...
Let's see...
  • #9,358
  • Jan 13, 2011 8:12am Jan 13, 2011 8:12am
Quoting lawgirl21
Great job! That's what I should have done.
Didn't make that mistake twice. I set a pending long order and woke up with +40 pips.
  • #9,359
  • Jan 13, 2011 8:15am Jan 13, 2011 8:15am
Quoting geula4
very nice BO.
IMHO, if it overcomes current resistance (recent swing high), might run 100 pips more up...
Let's see...
IMHO, red line current resistance. green line possible TP.
Did I say already IMHO? Good!
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 40 KB
  • #9,360
  • Jan 13, 2011 8:20am Jan 13, 2011 8:20am
Quoting Precap2
Welcome to 2011 everyone!
Just back from a long holiday. Won't be trading until Monday, and then we'll start it together again.
For those who PMed me, I'm gonna reply on Monday, it's quite a number I must have to defer it.

Great trading guys.

PC2

We've missed you..welcome back. We left some pips for you.
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