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Trade What You See - Almost Naked Trading

  • #10,781
  • Feb 6, 2011 5:23pm Feb 6, 2011 5:23pm
Quoting PhAnTi'
actually we dont have a real close on friday. bars close sunday night.

markets are open 24/7, just the brokers arent.... thats why we have gaps = a lack of data by the broker.

hope this helps..

ph.
edit :Wrong quote
Now you shouldn't feel ashamed because of your lot size , its normal, some boys have bigger lotsize some boys have a smaller lot size , the point is , they all are enjoying in their lot size !
I am just feeling packed with humor , because in a few moments steelers are going to kick packers ass!

One thing i hate in Superbowl are commercials....in my country when ever is yellow flag on the field i have to see that stupid detergent Tide commercial, and Ultra Carefree protection liner commercial ...i hate them, what normal TV producer is playing commercials for housewife in the middle of the Superbowl !! Just hope that tv channel doesn't have to many commercials tonight !
Help to be helped.
  • #10,782
  • Feb 6, 2011 5:31pm Feb 6, 2011 5:31pm
Quoting bimmerbob
Hi Jay, do we basically compare friday's close to this table and determine the open gap?
Thats what I do to give me a general idea of where the Gaps are likely to be and approx. how big or small they will be. I just compare the quotes that I post which are live current numbers to the Friday stalled numbers on the platform that has not opened yet
Always Learning
  • #10,783
  • Feb 6, 2011 5:41pm Feb 6, 2011 5:41pm
Hit my TP at 5374. Up 45 pips on both pairs.
  • #10,784
  • Feb 6, 2011 5:42pm Feb 6, 2011 5:42pm
Quoting lawgirl21
Hit my TP at 5374. Up 45 pips on both pairs.
Almost 50% of the way to your week
Always Learning
  • #10,785
  • Feb 6, 2011 5:49pm Feb 6, 2011 5:49pm
.... which are live current numbers to the Friday stalled numbers on the platform that has not opened yet[/quote]

Thanks, and what is your source of the live numbers given the platform has not yet opened?
  • #10,786
  • Feb 6, 2011 5:56pm Feb 6, 2011 5:56pm
Quoting bimmerbob
.... which are live current numbers to the Friday stalled numbers on the platform that has not opened yet
Thanks, and what is your source of the live numbers given the platform has not yet opened?[/quote]

Oanda ,it is another broker I use and they start up around 1 or 2 pm on Sunday. But you would not want to trade with them at that time because their spreads are high
Always Learning
  • #10,787
  • Feb 6, 2011 6:03pm Feb 6, 2011 6:03pm
Quoting JayTrader
Thanks, and what is your source of the live numbers given the platform has not yet opened?
Oanda ,it is another broker I use and they start up around 1 or 2 pm on Sunday. But you would not want to trade with them at that time because their spreads are high[/quote]

Cheers.
  • #10,788
  • Feb 6, 2011 8:15pm Feb 6, 2011 8:15pm
BO setting up
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  • #10,789
  • Feb 6, 2011 8:17pm Feb 6, 2011 8:17pm
Almost the same chart..
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  • #10,790
  • Feb 6, 2011 8:19pm Feb 6, 2011 8:19pm
I have been in this trade short since last week.
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  • #10,791
  • Feb 6, 2011 8:21pm Feb 6, 2011 8:21pm
Chart
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  • #10,792
  • Feb 6, 2011 8:23pm Feb 6, 2011 8:23pm
Chart
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  • #10,793
  • Feb 6, 2011 9:36pm Feb 6, 2011 9:36pm
Quoting lawgirl21
Almost the same chart..
Watching the M15 chart for entries keeps us out of trades that are stalled out or may be reversing.
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  • #10,794
  • Feb 6, 2011 10:13pm Feb 6, 2011 10:13pm
LG, went long on the EU, but now it seems to be stalling. Looks like it is heading to the same consolidation area it was in at the end of last week. What are your thoughts? Thanks.
  • #10,795
  • Feb 6, 2011 10:41pm Feb 6, 2011 10:41pm
Quoting Fitness09
LG, went long on the EU, but now it seems to be stalling. Looks like it is heading to the same consolidation area it was in at the end of last week. What are your thoughts? Thanks.
Watching the M15 chart would have kept you out of that trade for now.
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  • #10,796
  • Feb 6, 2011 10:42pm Feb 6, 2011 10:42pm
Quoting lawgirl21
I have been in this trade short since last week.
LG u expect this pair to go down further ? wat did you based on to support this pair to go further south ?
Reason i ask cause i notice you had gained +40 pips last week but u did not take profit?
  • #10,797
  • Feb 6, 2011 10:56pm Feb 6, 2011 10:56pm
Quoting lawgirl21
Watching the M15 chart would have kept you out of that trade for now.
I was watching the M15 candles and entered after a M15 candle from the 5th hour was about 15 pips above the upper line I drew for the 4 1H BO. The candle looked pretty strong, so that's why I entered.
  • #10,798
  • Feb 6, 2011 11:09pm Feb 6, 2011 11:09pm
Quoting coffeebean27
LG u expect this pair to go down further ? wat did you based on to support this pair to go further south ?
Reason i ask cause i notice you had gained +40 pips last week but u did not take profit?
I am in this trade on a daily chart. Yes, I am hoping it goes down further. I am looking for the 9730 area.
  • #10,799
  • Feb 7, 2011 1:06am Feb 7, 2011 1:06am
Hello, first of all thank you for this thread!

Am I right with this short?

PS: sorry for my english!
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  • #10,800
  • Feb 7, 2011 2:10am Feb 7, 2011 2:10am
I'm interested in Gap Trades but am not familiar with the necessary methods for trading the gaps.

Do you basically look at the price difference in Friday's New York Close and Tokyo's Monday Open? And then decide if it's a breakaway gap or if it's going to come back retrace back into Friday's close price?

Is that the correct understanding? Are they high percentage traoes? What are acceptable stops? Anyone that can direct me to an article or help me better understand would be greatly appreciated.
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