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Trade What You See - Almost Naked Trading

  • #10,241
  • Jan 26, 2011 7:05pm Jan 26, 2011 7:05pm
3 Tap..would wait now for a H1 BO
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  • #10,242
  • Jan 26, 2011 7:12pm Jan 26, 2011 7:12pm
This is intersting on Cable - H+S on the weekly and I'm looking for shorts, could be a good opportunity to sell the right shoulder...
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  • #10,243
  • Jan 26, 2011 7:21pm Jan 26, 2011 7:21pm
This pair looks like the GBPJPY chart above. A 3 Tap, but wait for a BO
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  • #10,244
  • Jan 26, 2011 7:50pm Jan 26, 2011 7:50pm
Quoting lawgirl21
Should be "Charts" at top of platform--> "Properties"--> "Common" and check Period Seperator"
Can't find it - looked on the platform itself "FXCM Trading Station" and on the charts "Marketscope".
  • #10,245
  • Jan 26, 2011 8:46pm Jan 26, 2011 8:46pm
Quoting lawgirl21
I did go short here with double the pip value of my long.

Hi LG , i follow you short on this trade but wake up this morning the PA don;t move down. i saw you post on this pair you already stop the sell that you place yesterday. Is that mean after few hour and the pair down move down as plan.. we should remove the sell ?? thank you
  • #10,246
  • Jan 26, 2011 9:15pm Jan 26, 2011 9:15pm
Quoting cwl0375
Hi LG , i follow you short on this trade but wake up this morning the PA don;t move down. i saw you post on this pair you already stop the sell that you place yesterday. Is that mean after few hour and the pair down move down as plan.. we should remove the sell ?? thank you
I was in that trade for a short time to grab a few pips while a retrace is happening. I was still in that trade long at that time, so that was my 2nd trade on that pair. I did grab 15 pips, but got out as soon as I saw it stall out. The stall out said to me that the retrace was over, at least at that time.

That is not the kind of trade that should be set and left. We can never assume that a direction will continue, especially when it is a retrace. I hope you did not lose too many pips. But this type of trade must be monitored.
  • #10,247
  • Jan 26, 2011 9:30pm Jan 26, 2011 9:30pm
Quoting Diggity18
What platform do you use Strick?

Pheonix AI - It's a platform used with a trading education company called Gryphon Learning.

The RSI on this seems to be giving a different result sometimes. Might have to download metatrader...
  • #10,248
  • Jan 26, 2011 10:03pm Jan 26, 2011 10:03pm
Quoting ConstantFX
Can't find it - looked on the platform itself "FXCM Trading Station" and on the charts "Marketscope".

Hi I don't think there is a Period Separator as such . I have used Trade station 2 for some time and never found one . You can place a grid by right clicking on the chart and click show grid and that will put the grid on for you but you can't set that to any time of the day as far as I know. You can go to options on the same menu and then chart view options and you will see a place to "show separator scale" this will place small pointers along the top of your chart but no line . these will change when you change TF ,, 1h 2h 3h. For me one the one hour chart they are oo:oo 4Hour 21:00
Hope this is of some help
  • #10,249
  • Jan 26, 2011 10:04pm Jan 26, 2011 10:04pm
Can someone tell me this

My RSI wasn't matching what i have seen on charts posted here so I just downloaded metatrader (thinking that would fix it) and changed the RSI period value to 3 (which i believe is the only setting i need to change?) and it is still giving slightly differemt resuls to the charts posted...

So.. my question: Is this because my metatrader is running from a different broker to the ones I see posted on this thread?
  • #10,250
  • Jan 26, 2011 10:21pm Jan 26, 2011 10:21pm
Quoting Strick
Can someone tell me this

My RSI wasn't matching what i have seen on charts posted here so I just downloaded metatrader (thinking that would fix it) and changed the RSI period value to 3 (which i believe is the only setting i need to change?) and it is still giving slightly differemt resuls to the charts posted...

So.. my question: Is this because my metatrader is running from a different broker to the ones I see posted on this thread?

as far as I know it will be the difference between brokers. I use FXCM TS2 and there (fxcm) mt4 demo and some times there is a difference so I tried a mt4 demo from fxdd and that was different again.
  • #10,251
  • Jan 26, 2011 11:59pm Jan 26, 2011 11:59pm
I do believe the GBP/USD is breaking on the downsidae with a short entry of that H4 3tap!

Anyone agree?
  • #10,252
  • Jan 27, 2011 12:09am Jan 27, 2011 12:09am
Quoting lawgirl21
I was in that trade for a short time to grab a few pips while a retrace is happening. I was still in that trade long at that time, so that was my 2nd trade on that pair. I did grab 15 pips, but got out as soon as I saw it stall out. The stall out said to me that the retrace was over, at least at that time.

That is not the kind of trade that should be set and left. We can never assume that a direction will continue, especially when it is a retrace. I hope you did not lose too many pips. But this type of trade must be monitored.

I didnt loss much pips on this trade. thank you for your explanation . I am learning and gain my confident after follow your post everyday. Thank you
  • #10,253
  • Jan 27, 2011 12:13am Jan 27, 2011 12:13am
Quoting Strick
I do believe the GBP/USD is breaking on the downsidae with a short entry of that H4 3tap!

Anyone agree?
Watch the PA though...
There`s no life before COFFEE!
  • #10,254
  • Jan 27, 2011 1:13am Jan 27, 2011 1:13am
When it came down to 1.59 i thought that would have been enough PA to conclude it was trigger time but then as we can see it came back up to about 1.5935

So how much would you have let it run before jumping in ?
  • #10,255
  • Jan 27, 2011 1:14am Jan 27, 2011 1:14am
Cause it had also just closed outside of the 1st 4 H1 bar bodies on the downside as well...
  • #10,256
  • Jan 27, 2011 1:23am Jan 27, 2011 1:23am
Quoting Strick
When it came down to 1.59 i thought that would have been enough PA to conclude it was trigger time but then as we can see it came back up to about 1.5935

So how much would you have let it run before jumping in ?
The RSI W1, D1 +H4 have to be in one direction as well...
There`s no life before COFFEE!
  • #10,257
  • Jan 27, 2011 1:28am Jan 27, 2011 1:28am
Well, they were when I posted the 1st time but it has changed since then on H4 and D1

Oh well... I keep learning i guess...
  • #10,258
  • Jan 27, 2011 1:56am Jan 27, 2011 1:56am
Anybody watching the EURJPY ?

Looks like its breaking out of a H4 3 tap and also from a H1 BO (to the upside)

And RSI on H1, H4, Daily & Weekly are all up
  • #10,259
  • Jan 27, 2011 2:19am Jan 27, 2011 2:19am
Quoting Strick
Anybody watching the EURJPY ?

Looks like its breaking out of a H4 3 tap and also from a H1 BO (to the upside)

And RSI on H1, H4, Daily & Weekly are all up
This will have something to do with it:
S&P Cuts Japan Rating To AA- From AA; Outlook Stable
  • #10,260
  • Jan 27, 2011 2:37am Jan 27, 2011 2:37am
Quoting Strick
Anybody watching the EURJPY ?

Looks like its breaking out of a H4 3 tap and also from a H1 BO (to the upside)

And RSI on H1, H4, Daily & Weekly are all up
WOW! Nice move up.
Hope you made good pips of it!

IMHO, it's retracing now but maybe we can ride it, if it moves up again (ZC).
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