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Trade What You See - Almost Naked Trading

  • #10,201
  • Jan 26, 2011 8:19am Jan 26, 2011 8:19am
Quoting Hawaiifive9
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,...
Glad to have you join us. Yes, I have a very active law practice.
  • #10,202
  • Jan 26, 2011 8:20am Jan 26, 2011 8:20am
Quoting lawgirl21
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...


I'm with you, LG!
  • #10,203
  • Jan 26, 2011 8:27am Jan 26, 2011 8:27am
Happy Wednesday! Possible 1H CBO/4C BO here... Similar situation on EURUSD and EURCAD
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  • #10,204
  • Jan 26, 2011 8:28am Jan 26, 2011 8:28am
A 4 hour consolidation before moving again
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  • #10,205
  • Jan 26, 2011 8:31am Jan 26, 2011 8:31am
I am still long this pair, but may look to go short for a few pips on the pullback.
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  • #10,206
  • Jan 26, 2011 8:33am Jan 26, 2011 8:33am
Maybe a real 1H BO here instead of that fake one.. keeping an eye on this too.
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  • #10,207
  • Jan 26, 2011 8:35am Jan 26, 2011 8:35am
I'm thinking price may just cut through that support level and continue down through the channel.
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  • #10,208
  • Jan 26, 2011 8:38am Jan 26, 2011 8:38am
Channel trade
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  • #10,209
  • Jan 26, 2011 8:41am Jan 26, 2011 8:41am
Quoting lawgirl21
I am still long this pair, but may look to go short for a few pips on the pullback.
LG - glad you posted this. was looking at the latest consolidation.
a lot of BOs seem to take place around midnight my time. would have liked to place a pending order, but I'm concerned about where price wicks outside of the consolidation and then reverses.

I've seen you post that you had a pending order trigger over night and came out with positive pips, what do you look for when setting your pending orders?
  • #10,210
  • Jan 26, 2011 8:47am Jan 26, 2011 8:47am
Quoting LearningPIPs
LG - glad you posted this. was looking at the latest consolidation.
a lot of BOs seem to take place around midnight my time. would have liked to place a pending order, but I'm concerned about where price wicks outside of the consolidation and then reverses.

I've seen you post that you had a pending order trigger over night and came out with positive pips, what do you look for when setting your pending orders?
I usually place a pending order about 15 pips above/below what I believe would be the true BO area to try to avoid a false BO. It's really a gamble that pays off sometimes and doesn't other times, like anything I guess. The trickest part to me is the TP, many times I have had it too high, there was a BO that triggered my trade, but a reversal right before my TP. That is the most frustrating thing. Other times the price sores beyond my TP...so TP is hardest to me.
  • #10,211
  • Jan 26, 2011 8:50am Jan 26, 2011 8:50am
I did go short here with double the pip value of my long.
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  • #10,212
  • Jan 26, 2011 8:51am Jan 26, 2011 8:51am
Quoting lawgirl21
I usually place a pending order about 15 pips above/below what I believe would be the true BO area to try to avoid a false BO. It's really a gamble that pays off sometimes and doesn't other times, like anything I guess. The trickest part to me is the TP, many times I have had it too high, there was a BO that triggered my trade, but a reversal right before my TP. That is the most frustrating thing. Other times the price sores beyond my TP...so TP is hardest to me.
what about putting a trailing stop then, say about 15 p.?
There`s no life before COFFEE!
  • #10,213
  • Jan 26, 2011 8:53am Jan 26, 2011 8:53am
Quoting jalkok
what about putting a trailing stop then, say about 15 p.?
Can a pending trailing stop be set? I never tried that. Not sure how it would work.
  • #10,214
  • Jan 26, 2011 8:57am Jan 26, 2011 8:57am
Quoting lawgirl21
Can a pending trailing stop be set? I never tried that. Not sure how it would work.
I`ve never tried it either...
Well I`ll try it = learning by doing
There`s no life before COFFEE!
  • #10,215
  • Jan 26, 2011 9:00am Jan 26, 2011 9:00am
Quoting jalkok
I`ve never tried it either...
Well I`ll try it = learning by doing
Report back to us about it...
  • #10,216
  • Jan 26, 2011 9:13am Jan 26, 2011 9:13am
Quoting lawgirl21
Can a pending trailing stop be set? I never tried that. Not sure how it would work.

Yes, you set a TS on any of your orders. Once you have "placed" your pending limit or stop order, you wil see in your "Trade" tab at the bottom. Right click that order ticket, select Trailing Stp, then set it to whatever value you want using Custom, or pick from the preset values... hope that helps
  • #10,217
  • Jan 26, 2011 9:14am Jan 26, 2011 9:14am
Out with 105 pips. Price could not make it beyond 8620 resistence level.
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  • #10,218
  • Jan 26, 2011 9:21am Jan 26, 2011 9:21am
Quoting PurePrice
Yes, you set a TS on any of your orders. Once you have "placed" your pending limit or stop order, you wil see in your "Trade" tab at the bottom. Right click that order ticket, select Trailing Stp, then set it to whatever value you want using Custom, or pick from the preset values... hope that helps
Yes, right, I just tried it out and it works...(good)
There`s no life before COFFEE!
  • #10,219
  • Jan 26, 2011 9:21am Jan 26, 2011 9:21am
Quoting lawgirl21
Out with 105 pips. Price could not make it beyond 8620 resistence level.
Great trade!
  • #10,220
  • Jan 26, 2011 9:26am Jan 26, 2011 9:26am
Quoting lawgirl21
Out with 105 pips. Price could not make it beyond 8620 resistence level.
nice trade LG! congrats, did you take that trade using 3 tap rules ?
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