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Trade What You See - Almost Naked Trading

  • #9,421
  • Jan 13, 2011 2:31pm Jan 13, 2011 2:31pm
Quoting lawgirl21
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!
Cool, thanks a lot!
  • #9,422
  • Jan 13, 2011 2:41pm Jan 13, 2011 2:41pm
Quoting lawgirl21
I'm expecting something here..H4 BO.
IMHO nice BO now...
  • #9,423
  • Jan 13, 2011 2:49pm Jan 13, 2011 2:49pm
Quoting geula4
IMHO nice BO now...
Sorry, I made a mistake.
Stubborn 82.40 support level is still holding...
  • #9,424
  • Jan 13, 2011 4:00pm Jan 13, 2011 4:00pm
Quoting lawgirl21
I'm expecting something here..H4 BO.
I took this trade in sim mode as it broke but all time frames except 1 hr are still down so gonna stay with it unless it breaks out to upper restance
  • #9,425
  • Jan 13, 2011 7:56pm Jan 13, 2011 7:56pm
Finally that BO were have been watching for.
Attached Image (click to enlarge)
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  • #9,426
  • Jan 13, 2011 8:00pm Jan 13, 2011 8:00pm
H1 4C BO setting up
Attached Image
  • #9,427
  • Jan 13, 2011 8:05pm Jan 13, 2011 8:05pm
Quoting lawgirl21
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.
Short triggered on the daily chart.
  • #9,428
  • Jan 13, 2011 8:05pm Jan 13, 2011 8:05pm
Still in this trade from hours ago.
Attached Image
  • #9,429
  • Jan 13, 2011 8:08pm Jan 13, 2011 8:08pm
Still in this trade long.
Attached Image
  • #9,430
  • Jan 13, 2011 8:12pm Jan 13, 2011 8:12pm
Quoting lawgirl21
Still in this trade from hours ago.

Hi, If the PA broke the channel support for today. will you still go short again ??
Thank you
  • #9,431
  • Jan 13, 2011 8:30pm Jan 13, 2011 8:30pm
Quoting cwl0375
Hi, If the PA broke the channel support for today. will you still go short again ??
Thank you
I would have to add to my short position which I probably won't do. I would probably move my TP down.
  • #9,432
  • Jan 14, 2011 2:32am Jan 14, 2011 2:32am
Hi all
When i am looking at charts it seems that somebody have fixed our BOs and now they again work as they should. I have hope that it will stay this way next week.
Happy piping today.
  • #9,433
  • Jan 14, 2011 2:56am Jan 14, 2011 2:56am
Just got out of this pair with "only" 55 pips
Attached Image (click to enlarge)
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There`s no life before COFFEE!
  • #9,434
  • Jan 14, 2011 4:44am Jan 14, 2011 4:44am
good thing i went for new years celebration and wasn there to trade for sell on EU on that TL , my Sl would be taken
Help to be helped.
  • #9,435
  • Jan 14, 2011 5:06am Jan 14, 2011 5:06am
Quoting Lazar83
good thing i went for new years celebration and wasn there to trade for sell on EU on that TL , my Sl would be taken
You Lucky Guy..
Lucky is important in forex Industry..
  • #9,436
  • Jan 14, 2011 5:53am Jan 14, 2011 5:53am
yeah i think i will seat on a bench till the usd data shows, bulls are not done yet !
Help to be helped.
  • #9,437
  • Edited 6:05am Jan 14, 2011 5:53am | Edited 6:05am
I'd be interested to hear from LG or others...re: exits...

This is a major sticking point for me....

I get into a winning trade and its up like 20-30pips...my exit if potentially further away at a major S/R or trendline to see where is might go and I think, right I'll hang on...its goes to 40...great i think and hang on...then it stalls...I wait and it starts to retrace...and retrace and I exit the trade at BE...or a small win or a small loss....

I dont want to be greedy, but dont want to cut my trades short....what to do?
  • #9,438
  • Edited 6:46am Jan 14, 2011 6:09am | Edited 6:46am
Quoting redart007
I'd be interested to hear from LG or others...re: exits...

This is a major sticking point for me....

I get into a winning trade and its up like 20-30pips...my exit if potentially further away at a major S/R or trendline to see where is might go and I think, right I'll hang on...its goes to 40...great i think and hang on...then it stalls...I wait and it starts to retrace...and retrace and I exit the trade at BE...or a small win or a small loss....

I dont want to be greedy, but dont want to cut my trades short....what to do?
Hi redart007
Here is what i do. I always try to set TP at reasonable price, then i watch PA, and if it stalls or seems to reverse i quit the trade when it retraces the same amount of pips that have left to TP. Other words i always try to keep at least 1:1 risk reward ratio so when PA moves to TP i do the same with SL.
  • #9,439
  • Jan 14, 2011 6:44am Jan 14, 2011 6:44am
Quoting LFB
Hi all
When i am looking at charts it seems that somebody have fixed our BOs and now they again work as they should. I have hope that it will stay this way next week.
Happy piping today.
It looks that i was happy to early, all BOs that were looking good at the morning, now looks bad, at all charts i see both borders were broken.
  • #9,440
  • Jan 14, 2011 6:46am Jan 14, 2011 6:46am
Quoting Lazar83
good thing i went for new years celebration and wasn there to trade for sell on EU on that TL , my Sl would be taken
HAPPY NEW YEAR
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