Trade What You See - Almost Naked Trading | Page 515 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking on a naked chart, can you pick the best strategy? 32 replies

How do you see trading - Do you see it as a means to an end? 12 replies

Can you tell with naked eyes? 151 replies

Bow's trading journal 2 (almost naked trading on m5) 26 replies

Trading as naked as you can get 0 replies

Attachments: Trade What You See - Almost Naked Trading
Exit Attachments

Trade What You See - Almost Naked Trading

  • #10,281
  • Jan 27, 2011 9:10am Jan 27, 2011 9:10am
Quoting lawgirl21
Yes, except it is more like a break--->consolidation-->continuation. What should we call that one? A BCC?
Got it, thank you!
Perhaps market will move more after US news, and we'll be able to enter IF it breaks through resistance/support (orange lines on your charts)...
  • #10,282
  • Jan 27, 2011 9:12am Jan 27, 2011 9:12am
Just curious, did you have pending orders for few currencies which went to other side. If not, what makes you to decide to go for pending order..

Quoting lawgirl21
Another pair that took off in the opposite setup direction.
  • #10,283
  • Jan 27, 2011 9:20am Jan 27, 2011 9:20am
Quoting FX_California
Just curious, did you have pending orders for few currencies which went to other side. If not, what makes you to decide to go for pending order..
I did not. I don't use pending orders often because there are usually enough good trades while I am at the computer that I don't need too. I don't think I have set a pending order since before Christmas. The market, in my opinion, is still a little schizo so I don't trust it for pending orders right now.
  • #10,284
  • Jan 27, 2011 9:27am Jan 27, 2011 9:27am
Quoting lawgirl21
I did not. I don't use pending orders often because there are usually enough good trades while I am at the computer that I don't need too. I don't think I have set a pending order since before Christmas. The market, in my opinion, is still a little schizo so I don't trust it for pending orders right now.
Hi lawgirl, Sounds like tradings been a bit up and down.
I've had a couple of weeks break from it. Ready to throw myself back into thr fray though
  • #10,285
  • Jan 27, 2011 9:29am Jan 27, 2011 9:29am
Quoting simmo24
Hi lawgirl, Sounds like tradings been a bit up and down.
I've had a couple of weeks break from it. Ready to throw myself back into thr fray though
I missed you...welcome back. Trading has been pretty good, but more unpredictable than usual.
  • #10,286
  • Jan 27, 2011 9:33am Jan 27, 2011 9:33am
IMHO trying to break support 0.9930 down atm...
  • #10,287
  • Jan 27, 2011 9:56am Jan 27, 2011 9:56am
Quoting geula4
IMHO trying to break support 0.9930 down atm...
Bounced back up...
  • #10,288
  • Jan 27, 2011 10:07am Jan 27, 2011 10:07am
Quoting geula4
Bounced back up...
I don't like it...too erratic and RSIs all over the place.
  • #10,289
  • Jan 27, 2011 10:09am Jan 27, 2011 10:09am
I'm not seeing much except for CADJPY and USDJPY still.
  • #10,290
  • Jan 27, 2011 10:12am Jan 27, 2011 10:12am
Hi LG, what makes you think the markets are a bit erratic at the moment? Is it lots of false BO?

I suffered a bad loss yesterday, made about a 1/3rd back today.

Quoting lawgirl21
I did not. I don't use pending orders often because there are usually enough good trades while I am at the computer that I don't need too. I don't think I have set a pending order since before Christmas. The market, in my opinion, is still a little schizo so I don't trust it for pending orders right now.
  • #10,291
  • Jan 27, 2011 10:19am Jan 27, 2011 10:19am
Quoting lawgirl21
I'm not seeing much except for CADJPY and USDJPY still.
USDJPY Daily resistance at 83.00. i think we need to break that level to have a good BO ? geula4 u the expert on S/R.. wat do you think ?
  • #10,292
  • Jan 27, 2011 10:34am Jan 27, 2011 10:34am
Quoting cwl0375
USDJPY Daily resistance at 83.00. i think we need to break that level to have a good BO ? geula4 u the expert on S/R.. wat do you think ?
I'm not an expert... just a student of LG's system and the market like everyone else here.

I agree with you. IMHO, next resistance at 83.00 and then 83.25 (white lines on the chart).

The problem is that we have an erratic market and JPY news is coming out later today... so please trade safe!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 53 KB
  • #10,293
  • Jan 27, 2011 10:34am Jan 27, 2011 10:34am
Quoting Pirabuji
Hi LG, what makes you think the markets are a bit erratic at the moment? Is it lots of false BO?

I suffered a bad loss yesterday, made about a 1/3rd back today.
The choppy up and down.

Have you analyzed the loss? Too many trades, money management issue, too tight a SL, unrealistic TP, improper setup, impatience...go through all those things.

Glad to hear you are recouping it though.
  • #10,294
  • Jan 27, 2011 10:37am Jan 27, 2011 10:37am
when you see a 3 tape and all rsi in good direction, nice breakout of 4C H1 candles.. you sight what take profit target ? the atr of 4hours candle ? (average size of candles) ?

you can leave your position many days ?
  • #10,295
  • Jan 27, 2011 10:40am Jan 27, 2011 10:40am
Quoting geula4
I'm not an expert... just a student of LG's system and the market like everyone else here.

I agree with you. IMHO, next resistance at 83.00 and then 83.25 (white lines on the chart).

The problem is that we have an erratic market and JPY news is coming out later today... so please trade safe!
Thank you and you are always very helpful.
  • #10,296
  • Jan 27, 2011 10:41am Jan 27, 2011 10:41am
Here is a 15M chart.
Please notice how price has bounced off 83.00-83.10 resistance area twice already.

IMHO, we need to see some convincing PA breaking up through this area to get into the trade.
I doubt it because of the news later on today. But let's just wait and see...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 48 KB
  • #10,297
  • Jan 27, 2011 10:45am Jan 27, 2011 10:45am
Hi LG....I had shorted GBP USD and after almost reaching 1.6000 it turned south to enable me to take 200 pips in microlots ...am learning not to overreach.....
thanx for the thread !
chanu
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD 27-01.jpg Size: 107 KB
  • #10,298
  • Jan 27, 2011 10:46am Jan 27, 2011 10:46am
Quoting Lorka85
when you see a 3 tape and all rsi in good direction, nice breakout of 4C H1 candles.. you sight what take profit target ? the atr of 4hours candle ? (average size of candles) ?

you can leave your position many days ?
IMHO, best is to target the next support or resistance level.
  • #10,299
  • Jan 27, 2011 10:48am Jan 27, 2011 10:48am
Quoting chanu
Hi LG....I had shorted GBP USD and after almost reaching 1.6000 it turned south to enable me to take 200 pips in microlots ...am learning not to overreach.....
thanx for the thread !
chanu
Rock on!!
  • #10,300
  • Jan 27, 2011 10:49am Jan 27, 2011 10:49am
thx geula
47 traders viewing now