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Trade What You See - Almost Naked Trading

  • #10,181
  • Jan 25, 2011 9:57pm Jan 25, 2011 9:57pm
Well a...a BO set up on upside for usd chf pl see att....the SL will come in after trade opens ..


[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot.png[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF H1 BO.jpg Size: 91 KB
  • #10,182
  • Jan 25, 2011 10:09pm Jan 25, 2011 10:09pm
Quoting chanu
Well a...a BO set up on upside for usd chf pl see att....the SL will come in after trade opens ..


[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot.png[/IMG]
This is really a tight trading range!
  • #10,183
  • Jan 25, 2011 10:10pm Jan 25, 2011 10:10pm
Quoting chanu
Dear LG.....pl do inform when that separate venture of yours gets going. Yesterday saw a msg regarding spark IM download...is that it ?
regrds
There is nothing going on now. Everything is the way it always has been.
  • #10,184
  • Jan 25, 2011 10:27pm Jan 25, 2011 10:27pm
Hi.....yes it is, but am learning the ropes. Got a hang of many issues in this thread. Thanx all the same and your prompt replies to most msgs reflects your commitment to this wonderful thread.

Many want to become millionaires, but I aim to enjoy these trades. Whenever I see green arrows on daily trades in fxcm I feel happy as these are the profitable trades and I was right on those occasions. I too have lost 1000s of $$$.... but it is all a part of learning

When Alexander the Great was breathing his last, he gave three orders, ....
1. That his body was to be carried by doctors (physicians)....to show that when you got to go... you got to go and no doctor on the earth can save you.
2. That the path to his grave was to be laid out with all the gold and silver that his army had plundered....to indicate that all riches have to be left behind...not a single gold coin can be carried to the other side.
3. That his hands were to be hanging out of his coffin when being carried to his grave ..to indicate that one comes empty handed and goes that way...

So we must enjoy trading and keep learning to be right
Thanx Lawgirl...for helping us on this path !

regrds
Chanu
  • #10,185
  • Jan 25, 2011 11:57pm Jan 25, 2011 11:57pm
Quoting chanu
Hi.....yes it is, but am learning the ropes. Got a hang of many issues in this thread. Thanx all the same and your prompt replies to most msgs reflects your commitment to this wonderful thread.

Many want to become millionaires, but I aim to enjoy these trades. Whenever I see green arrows on daily trades in fxcm I feel happy as these are the profitable trades and I was right on those occasions. I too have lost 1000s of $$$.... but it is all a part of learning

[b][color=purple]When Alexander the Great was breathing his last, he gave three...
WOW !!!
There`s no life before COFFEE!
  • #10,186
  • Jan 26, 2011 12:08am Jan 26, 2011 12:08am
I think I may go back to just demo trading for a while. I have been trading live for about 6 months, and just can't seem to consistently come out ahead. It's really frustrating, and like LG said in the beginning of this thread, it's lonely business. I'm basically having to teach myself everything, except with the great help I have gotten on here.
  • #10,187
  • Jan 26, 2011 12:55am Jan 26, 2011 12:55am
Would this be a good time to go long?

Breakout of a consolidation on the H1 and what looks like a breakout on a 3TAP on the H4

??????????
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  • #10,188
  • Jan 26, 2011 12:56am Jan 26, 2011 12:56am
Oh yeah, and the RSI on H4, Daily & weekly are all heading up...
  • #10,189
  • Jan 26, 2011 12:56am Jan 26, 2011 12:56am
Has anyone stopped to consider that the fact of the matter is that the MARKET does not KNOW of a tap? The market is a CONSTANT STREAM of prices, we as humans IMPOSE on the stream a time frame, to which we place a conceptual meaning.
The real danger in life and indeed is trading is to trade a CONCEPT that one has formed based on a particular thing meaning a particular thing.

How do you separate out a 'tap' from the constant stream of 'taps' to mean any one thing? The human minds seeks form, always seeking form and this tap is just one example of that.

Traders, especially new traders all want to BELIEVE in things that SOUND like they should mean something. "Tap" is just a name that has been placed on a arbitrary price change.

You would be far better of considering what CAUSED the price tic change rather then trying to name it and give it some sort of elevated status any other price tic due to a name.
  • #10,190
  • Jan 26, 2011 2:11am Jan 26, 2011 2:11am
Has anyone stopped to consider that the fact of the matter is that the MARKET does not KNOW of a tap?

I must say that concept has crossed my mind many-a-time. Indeed the market has no memory. The traders, either via algorithm or self imposed discipline will, as you say, recognize or attempt to recognize a patten and respond accordingly....that is why markets move, unless of course the central banks (BIG MONEY), require a specific direction for price to be. For me, it has become a process to try & identify when professional money is at play & the most active time of the trading session. Thousands of live traders know of the tap, ergo price action. The chart could care less. Positive pips to all in this thread. For the first time in 4 years I have located a group that displays no animosity, seems to function as a whole, and sincerely takes pleasure in watching others succeed. A big MAHALO NUI LOA to LG....very well done.
  • #10,191
  • Jan 26, 2011 2:26am Jan 26, 2011 2:26am
Quoting lawgirl21
I believe that...alot of us do not believe he is a natural born citizen of the US...it has become a big issue that will not go away.
Not too many of us here in the Islands believe it either (coconut wireless)
  • #10,192
  • Jan 26, 2011 2:58am Jan 26, 2011 2:58am
Aloha Ms Lawgirl...Just out of curiosity - are you still practicing law? What is/was your forte?
For some reason, when I read your first posting, the delivery and candor set the whole tone - kinda like finally finding the lost chord (sorry - the 60's showing through). A whole plethera of loose ends & questions not so much were answered, but now appear in a different light.
This thread (God bless the "almost naked" charting / simplicity) comes as a welcome relief after my own search ($$) for the holy grail, and with all the friendly inter-activeness, I find it a pleasure to participate - FINALLY.
Positive pips to you...
  • #10,193
  • Jan 26, 2011 6:37am Jan 26, 2011 6:37am
IMHO, this can turn out be a good H1 C4 BO.
Let's watch PA...

What do you think?
Thank you!
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  • #10,194
  • Jan 26, 2011 6:41am Jan 26, 2011 6:41am
Quoting geula4
IMHO, this can turn out be a good H1 C4 BO.
Let's watch PA...

What do you think?
Thank you!
Here is a 15M chart.
Please note that 1H RSI is flat.
IMHO, if we can see a nice full-body bullish candle above 82.00 resistance... that would be a good entry signal...
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  • #10,195
  • Jan 26, 2011 6:45am Jan 26, 2011 6:45am
Quoting geula4
Here is a 15M chart.
Please note that 1H RSI is flat.
IMHO, if we can see a nice full-body bullish candle above 82.00 resistance... that would be a good entry signal...
yes... im watching that pair too

you might wanna check out GBPUSD H1 also... possible BO
  • #10,196
  • Jan 26, 2011 6:56am Jan 26, 2011 6:56am
Quoting geula4
Here is a 15M chart.
Please note that 1H RSI is flat.
IMHO, if we can see a nice full-body bullish candle above 82.00 resistance... that would be a good entry signal...
IMHO, this is a good example how observing the 1H RSI and PA in 15M can protect us from entering a false BO.
Please see the 15M bear candles and how the 1H RSI has turned down...

Why did this happen? IMHO, 82.00 area resistance is too strong atm.
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  • #10,197
  • Jan 26, 2011 7:21am Jan 26, 2011 7:21am
guys remember news fig in 40 min of you trade usd pairs.

take the sideline then.

Phanti
Hero calls followed by margin calls...
  • #10,198
  • Jan 26, 2011 7:56am Jan 26, 2011 7:56am
Quoting PhAnTi'
guys remember news fig in 40 min of you trade usd pairs.

take the sideline then.

Phanti
Hi Phanti,

Did you mean 1 hour and 40 minutes?
New Home Sales at 15:00 GMT.
  • #10,199
  • Jan 26, 2011 7:57am Jan 26, 2011 7:57am
Quoting geula4
Hi Phanti,
Did you mean 1 hour and 40 minutes?
New Home Sales at 3PM GMT.
yep, wanted to fix it while you posted it

my bad.

srry !
Hero calls followed by margin calls...
  • #10,200
  • Jan 26, 2011 8:16am Jan 26, 2011 8:16am
Quoting Martin Cole
Has anyone stopped to consider that the fact of the matter is that the MARKET does not KNOW of a tap? The market is a CONSTANT STREAM of prices, we as humans IMPOSE on the stream a time frame, to which we place a conceptual meaning.
The real danger in life and indeed is trading is to trade a CONCEPT that one has formed based on a particular thing meaning a particular thing.

How do you separate out a 'tap' from the constant stream of 'taps' to mean any one thing? The human minds seeks form, always seeking form and this tap is just one example of...
Mr. Cole, I do not believe that this is the correct thread for your posts. I did not respond to your first post becuase it was so wacky, but I am going to request that you not post here. You are trying to lead others to your commercial site and you will not do it here. Especially with nonsense like this.

Jesse Livermore, a trader whom I much admire as a such, has said to never waste time trying to figure out why the market did one thing or the other...just react to it. That is the only thing any trader can do..react to the market by trying to understand what they see. That is what we do here. A tap by any other name is still a tap...we could just as easily call it a 3 Rose trade, just as long as we all have the same understanding of what a Rose is.

I have no intention of getting into a debate with you, but I am saying to you again. ....do not post here.
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