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Trade What You See - Almost Naked Trading

  • #9,401
  • Jan 13, 2011 11:25am Jan 13, 2011 11:25am
yeap its daily , i was looking some answers on EURUSD thread , and some lunatics , are thinking about 1.36xx , so its time to think short
Help to be helped.
  • #9,402
  • Jan 13, 2011 11:25am Jan 13, 2011 11:25am
Quoting lawgirl21
Looks like daily. Trying to duplicate it on my charts.
hmm the daily one is on the right mid i guess.
Hero calls followed by margin calls...
  • #9,403
  • Jan 13, 2011 11:44am Jan 13, 2011 11:44am
Quoting Lazar83
yeap its daily , i was looking some answers on EURUSD thread , and some lunatics , are thinking about 1.36xx , so its time to think short
That's a fun thread to read, very entertaining, but traders are going in every direction...
  • #9,404
  • Jan 13, 2011 11:48am Jan 13, 2011 11:48am
3 Tap setup on daily chart. No trigger yet. And remember, this is a 3 Tap long on the weekly chart. So a short soon here is a countertrend trade.
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  • #9,405
  • Jan 13, 2011 12:04pm Jan 13, 2011 12:04pm
hm..what trigger are you looking for? i mean , RSI in this case wannt help us ?
if that Tl doesnt stop the EU i am going to be like this black gentleman
Attached Image
Help to be helped.
  • #9,406
  • Jan 13, 2011 12:08pm Jan 13, 2011 12:08pm
Quoting Lazar83
hm..what trigger are you looking for?
if that Tl doesnt stop the EU i am going to be like this black gentleman
That's funny..that guy's prediction is as good as anyone else's. We're saying the same thing, just in different ways. We are both looking for a TL tap and PA to either be repelled by it and head down or continue through it. 3 Taps are just trendlines.
  • #9,407
  • Jan 13, 2011 12:54pm Jan 13, 2011 12:54pm
Quoting lawgirl21
I got back in this trade on a daily 3 Tap. I hope it's not too late, but looks like it's good for about 40 more pips. May just have chased a trade..will see.
Hit my TP + 40 pips.
  • #9,408
  • Jan 13, 2011 12:56pm Jan 13, 2011 12:56pm
Quoting lawgirl21
Hit my TP + 40 pips.

You're on a roll LG!
  • #9,409
  • Jan 13, 2011 12:57pm Jan 13, 2011 12:57pm
Always Always Always Always Always set a SL, and try not to fall asleep if you don't have one set........
  • #9,410
  • Jan 13, 2011 12:59pm Jan 13, 2011 12:59pm
Quoting bimmerbob
You're on a roll LG!
Just making up for that 50 loss I had earlier this week.
  • #9,411
  • Jan 13, 2011 1:08pm Jan 13, 2011 1:08pm
price is approaching 1.3380.
Let's watch PA in this area till 1.3400.

IMHO, move SL to 1.3325 below recent lows. TP 1.3400...
  • #9,412
  • Jan 13, 2011 1:09pm Jan 13, 2011 1:09pm
Quoting lawgirl21
Hit my TP + 40 pips.
Congrats!
  • #9,413
  • Jan 13, 2011 1:19pm Jan 13, 2011 1:19pm
Lazar - can you post the indi with the multi chart, thanks


Quoting Lazar83
this resistance looks nice for a reverse and placing sell with 20sl ! ofcourse if the resistance can hold this monster PA!
  • #9,414
  • Jan 13, 2011 1:34pm Jan 13, 2011 1:34pm
I'm expecting something here..H4 BO.
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  • #9,415
  • Jan 13, 2011 1:35pm Jan 13, 2011 1:35pm
Quoting redart007
Lazar - can you post the indi with the multi chart, thanks
IMHO please try here
http://www.forexfactory.com/showpost.php?p=4067491
  • #9,416
  • Jan 13, 2011 2:00pm Jan 13, 2011 2:00pm
I'm out at around 1.3380
Hope everyone made good pips on this one!
  • #9,417
  • Jan 13, 2011 2:23pm Jan 13, 2011 2:23pm
Quoting lawgirl21
I'm expecting something here..H4 BO.
LG, got a question on this one: What do you usually do with all those wicks? Do you wait for PA to clear the lowest wick or do you enter right away when the bottom TL is cleared? Some wicks could seem like failed BOs...
By the way, great day today, reached my goal for the week and some.. +115.. Great feeling to be done for the week... Thanks for everything
  • #9,418
  • Jan 13, 2011 2:24pm Jan 13, 2011 2:24pm
Quoting geula4
I'm out at around 1.3380
Hope everyone made good pips on this one!
Great work with that trade. You guided everyone through it quite well.
  • #9,419
  • Jan 13, 2011 2:28pm Jan 13, 2011 2:28pm
Quoting pippete
LG, got a question on this one: What do you usually do with all those wicks? Do you wait for PA to clear the lowest wick or do you enter right away when the bottom TL is cleared? Some wicks could seem like failed BOs...
By the way, great day today, reached my goal for the week and some.. +115.. Great feeling to be done for the week... Thanks for everything

Take a look at the same chart, but changed to a line chart. That gives the "true" PA direction. I ignore the wicks and when I have doubts or want a better picture, I take a line chart look.

Great trading!
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  • #9,420
  • Jan 13, 2011 2:30pm Jan 13, 2011 2:30pm
Quoting lawgirl21
Great work with that trade. You guided everyone through it quite well.
Thank you for the compliment!

I was conservative in the exit, as I saw a spike down and preferred to take profits immediately.
Price is now around 1.3400 which is a good TP for anyone still in.

Also, I like your daily chart which shows a much bigger TP.
IMHO we might reach it. I just prefer to exit here and observe how PA reacts to this level, before we jump back in for hopefully another ride upwards...
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