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Trade What You See - Almost Naked Trading

  • #10,361
  • Jan 28, 2011 8:16am Jan 28, 2011 8:16am
Quoting Fitness09
Can anyone tell me what I am doing wrong? I say probaby 5 or 6 trades out of ten, I will execute a trade, and the market will stall either on my order line, just above it, or below it. I think this is happening too many times to be a coincedence. Can anyone shed light on this for me? I am not close to a major R/S area, but the market will just stall. Am I missing something? Thanks!
Dont worry Fitness09, it also Happen to Me.. Those False BO..
You Can Consider Channel Trade of course This good for Ranging Market..
  • #10,362
  • Jan 28, 2011 8:18am Jan 28, 2011 8:18am
This pair "should" continue down...will see.
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  • #10,363
  • Jan 28, 2011 8:20am Jan 28, 2011 8:20am
Don't know if anyone traders gold, but check out that BO from yesterday..beautiful. In a channel now.
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  • #10,364
  • Jan 28, 2011 8:21am Jan 28, 2011 8:21am
This pair will have to do something sooner or later.
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  • #10,365
  • Jan 28, 2011 8:23am Jan 28, 2011 8:23am
I am in this trade long on daily chart..down 20+ pips, but look at this break south..very nice.
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  • #10,366
  • Jan 28, 2011 8:26am Jan 28, 2011 8:26am
WOW..nice run up. Resting a little now and may continue up. It does have room to run more.
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  • #10,367
  • Jan 28, 2011 8:32am Jan 28, 2011 8:32am
If this E/U H4 should BO of this range, what TF confirmation should we consider? Like we use a 15 minute candle on a H1 BO...
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  • #10,368
  • Jan 28, 2011 8:33am Jan 28, 2011 8:33am
Quoting lawgirl21
This pair "should" continue down...will see.
Hi Nice to see you post again. in this chart..when is the best entry ?? correct me if i am wrong. We entry when the BO break previous candle low ? thank you
  • #10,369
  • Jan 28, 2011 8:59am Jan 28, 2011 8:59am
Quoting cwl0375
Hi Nice to see you post again. in this chart..when is the best entry ?? correct me if i am wrong. We entry when the BO break previous candle low ? thank you
Sorry, had a family emergency that had to be attended to, but you guys carried on without me which is a very good thing.
  • #10,370
  • Jan 28, 2011 9:03am Jan 28, 2011 9:03am
Quoting cwl0375
Hi Nice to see you post again. in this chart..when is the best entry ?? correct me if i am wrong. We entry when the BO break previous candle low ? thank you
It looks to be more like a channel trendline trade, which means trying to gather pips as the price moves from line to line, until it finally breaks the bottom line to continue down. This is a very tricky trade on a very tricky pair so be careful if you decide to enter it and don't look for many pips at a time.
  • #10,371
  • Jan 28, 2011 9:04am Jan 28, 2011 9:04am
Quoting LearningPIPs
If this E/U H4 should BO of this range, what TF confirmation should we consider? Like we use a 15 minute candle on a H1 BO...
Go down 1-2 timeframes, so H1 or M30.
  • #10,372
  • Jan 28, 2011 9:09am Jan 28, 2011 9:09am
Quoting LearningPIPs
If this E/U H4 should BO of this range, what TF confirmation should we consider? Like we use a 15 minute candle on a H1 BO...
Excellent spotting. Looks like price is hitting lots of resistence at the 3530 range.
  • #10,373
  • Jan 28, 2011 9:13am Jan 28, 2011 9:13am
Quoting LearningPIPs
If this E/U H4 should BO of this range, what TF confirmation should we consider? Like we use a 15 minute candle on a H1 BO...
But on looking further..check out that support level at 3680. I would not enter until that level is breached.
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  • #10,374
  • Jan 28, 2011 9:21am Jan 28, 2011 9:21am
Hi Lawgirl,

do you consider previous day's 4 hour high/low lines as resistance or support for next day too. since you have marked the same in orange color.

Kindly let me know how you get resistance/support lines in your chart.

Quoting lawgirl21
This pair will have to do something sooner or later.
  • #10,375
  • Jan 28, 2011 9:26am Jan 28, 2011 9:26am
just took +40 pips short BO...
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There`s no life before COFFEE!
  • #10,376
  • Edited 10:08am Jan 28, 2011 9:52am | Edited 10:08am
Quoting jalkok
just took +40 pips short BO...
Came into the party late took only 15pips still looking to join in again.

EUR/USD looks like heading down.
  • #10,377
  • Jan 28, 2011 10:03am Jan 28, 2011 10:03am
Quoting Aariff
Hi Lawgirl,

do you consider previous day's 4 hour high/low lines as resistance or support for next day too. since you have marked the same in orange color.

Kindly let me know how you get resistance/support lines in your chart.
Please indicate the pair...we discuss many and it takes time to look back to see which pair you are referring to.

Those were consolidation levels.
  • #10,378
  • Jan 28, 2011 10:03am Jan 28, 2011 10:03am
Quoting JGforex7780
Came into the party late took only 15pips still looking to join in again.
Indicate the pair when posting, please. That is one thing that makes this thread so easy to follow.
  • #10,379
  • Jan 28, 2011 10:13am Jan 28, 2011 10:13am
Quoting lawgirl21
Indicate the pair when posting, please. That is one thing that makes this thread so easy to follow.
My apologies. EUR/USD Cant see the next support level. What do you think LG??
  • #10,380
  • Jan 28, 2011 10:22am Jan 28, 2011 10:22am
This week I found it for me very very difficult to trade.
My last EurUsd short trade did make me almost break even this week.
Noticed that I have much to learn about patience, money management and selfdiscipline. Well next week I`ll do my very best...(again).
Nice weekend LG and all of you too! And thanks a lot for all the encouragement I get here...
There`s no life before COFFEE!
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