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Trade What You See - Almost Naked Trading

  • #10,841
  • Feb 7, 2011 8:02pm Feb 7, 2011 8:02pm
Quoting Hawaiifive9
Aloha

What would one look for as an entry signal for the long 3 tap trade?
Movement of PA up and more confirmation on with the RSIs. Remember that a set up and a trigger are two different things/events.
  • #10,842
  • Feb 7, 2011 8:02pm Feb 7, 2011 8:02pm
chart
Attached Image
  • #10,843
  • Feb 7, 2011 8:15pm Feb 7, 2011 8:15pm
I'm seeing weakness all around. This pair has been in a tight range for hours. May finally break to the upside as it looks now.
Attached Image (click to enlarge)
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  • #10,844
  • Edited 8:32pm Feb 7, 2011 8:16pm | Edited 8:32pm
I have a couple of questions if you have the time to answer them. 1st could you post a chart of this trade with the TP, entry, and the reason you entered. 2nd, I see you use FXDD and when I bring their platform up I don't see CHF JPY as an option. I'm assuming you get the chart from another source

Edit: I just saw the chart later in the thread and I see you indicator below regarding direction of W, D, 4h. I only got to page 70 in the thread and I don't believe I saw it.
Raymond

Quoting lawgirl21
Hit my TP at 5374. Up 45 pips on both pairs.
  • #10,845
  • Feb 7, 2011 8:29pm Feb 7, 2011 8:29pm
Quoting Morelands
I have a couple of questions if you have the time to answer them. 1st could you post a chart of this trade with the TP, entry, and the reason you entered. 2nd, I see you use FXDD and when I bring their platform up I don't see CHF JPY as an option. I'm assuming you get the chart from another source

Edit: I just saw the chart later in the thread
Raymond
Sorry, I can't post them..they have come and gone. But you can go back and study them yourself. You should be looking at the difference between the Friday close and the Sunday open. For me with FXDD that is around 2:00 p.m PST.

Basic gap trading is this: if there is a gap up of more than 25 pips (25 is arbitrary) then enter a short trade. If there is a gap down of more than 25 pips, then enter a long trade.

It is counter intuitive and no one seems to know exactly why some platforms show them. I don't care why they happen, they are generally profitable, as most gaps will close up, if not completely, at least partially.
  • #10,846
  • Feb 7, 2011 9:14pm Feb 7, 2011 9:14pm
I enter the gbpjpy at 133.83 with tp at 134.10 tp and sl 133.47. I would post picture, but for some reason I'm having trouble. I'll figure it out
Raymond
  • #10,847
  • Feb 7, 2011 9:25pm Feb 7, 2011 9:25pm
Quoting Morelands
I enter the gbpjpy at 133.83 with tp at 134.10 tp and sl 133.47. I would post picture, but for some reason I'm having trouble. I'll figure it out
Raymond
Go to "File" --> "Save as Picture" --> "Active Chart" --> Save to Desktop (name chart) --> Manage Attachments (below) and upload from Desktop.
  • #10,848
  • Feb 7, 2011 9:32pm Feb 7, 2011 9:32pm
Quoting Morelands
I enter the gbpjpy at 133.83 with tp at 134.10 tp and sl 133.47. I would post picture, but for some reason I'm having trouble. I'll figure it out
Raymond
I think you're about 100 pips off my friend. Anyway, looks good. Dont see a reason why it wouldnt go up to 133.40 but thats me.

I'm looking to buy it closer to 131.90
  • #10,849
  • Feb 8, 2011 1:00am Feb 8, 2011 1:00am
Quoting lawgirl21
Go to "File" --> "Save as Picture" --> "Active Chart" --> Save to Desktop (name chart) --> Manage Attachments (below) and upload from Desktop.

Yea I'm familiar, I' just having some problems which I'll figure out tomorrow
  • #10,850
  • Feb 8, 2011 1:01am Feb 8, 2011 1:01am
Quoting TheDirtySerb
I think you're about 100 pips off my friend. Anyway, looks good. Dont see a reason why it wouldnt go up to 133.40 but thats me.

I'm looking to buy it closer to 131.90
Your right, off by 100 pips. Nothing happened so I'm out at BE
  • #10,851
  • Feb 8, 2011 2:07am Feb 8, 2011 2:07am
Quoting geula4
Hi Everyone,

IMHO, if USDJPY can break resistance at 82.40-50, we'll have a good setup of H1 C4 BO + ZC.

Love to hear your opinions about this
Shorted it under yesterday's low @ 82.14. Let's see how it goes.
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #10,852
  • Feb 8, 2011 2:10am Feb 8, 2011 2:10am
gbpjpy breaking !
Hero calls followed by margin calls...
  • #10,853
  • Feb 8, 2011 2:11am Feb 8, 2011 2:11am
Quoting PhAnTi'
gbpjpy breaking !
Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #10,854
  • Feb 8, 2011 2:12am Feb 8, 2011 2:12am
Quoting PhAnTi'
Attachment

secret hint

ph.
ready to take off
Hero calls followed by margin calls...
  • #10,855
  • Feb 8, 2011 2:51am Feb 8, 2011 2:51am
Quoting Cornelius
Shorted it under yesterday's low @ 82.14. Let's see how it goes.
IMHO 82.40-50 resistance held, so a CBO short here is very logical...
Good luck!
  • #10,856
  • Feb 8, 2011 2:52am Feb 8, 2011 2:52am
Quoting geula4
IMHO 82.40-50 resistance held, so a CBO short here is very logical...
Good luck!
anyway just dont trade usdjpy...most fuckin pair -.-
Hero calls followed by margin calls...
  • #10,857
  • Feb 8, 2011 5:45am Feb 8, 2011 5:45am
check it out
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  • #10,858
  • Feb 8, 2011 6:58am Feb 8, 2011 6:58am
My trades for today. And also, the USD/JPY which is struggling around BE.
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A good trade is when I Break Even. A great trade is when I Take Profit.
  • #10,859
  • Feb 8, 2011 8:35am Feb 8, 2011 8:35am
Quoting lawgirl21
I'm seeing weakness all around. This pair has been in a tight range for hours. May finally break to the upside as it looks now.
Did finally break, but to the downside.
Attached Image
  • #10,860
  • Feb 8, 2011 8:39am Feb 8, 2011 8:39am
great thread

I am planning on reading through the whole thread over the next week or so.

In the meantime,I see the breakout trades posted,could somone direct me to an explanation of the entry method.

Thanks
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