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Trade What You See - Almost Naked Trading

  • #10,861
  • Feb 8, 2011 8:40am Feb 8, 2011 8:40am
Nice BO, then a retrace and now heading up again...for a ZC trade.
Attached Image
  • #10,862
  • Feb 8, 2011 8:43am Feb 8, 2011 8:43am
Total fakeout here.
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  • #10,863
  • Feb 8, 2011 8:57am Feb 8, 2011 8:57am
Quoting FOURX
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
Enter when 1-3 candles on the M15 chart have cleared either the resistence line which was drawn after the first 4 candles of the new trading day for a long, or have cleared the support line for a short.

We have had many fake BOs since the holidays, so addition confirmation with the RSIs is needed. Even with that, watch the trade or set moderate TP levels as many are totally reversing and going in the other direction. As the chart posted above. Still good pips to be made with that chart.
  • #10,864
  • Feb 8, 2011 9:14am Feb 8, 2011 9:14am
Quoting lawgirl21
Enter when 1-3 candles on the M15 chart have cleared either the resistence line which was drawn after the first 4 candles of the new trading day for a long, or have cleared the support line for a short.

We have had many fake BOs since the holidays, so addition confirmation with the RSIs is needed. Even with that, watch the trade or set moderate TP levels as many are totally reversing and going in the other direction. As the chart posted above. Still good pips to be made with that chart.
Lawgirl

Thank you for your quick reply
  • #10,865
  • Feb 8, 2011 9:20am Feb 8, 2011 9:20am
are really moving down right down. I'm in both..a little late entry, but still in positive pips.
  • #10,866
  • Feb 8, 2011 9:22am Feb 8, 2011 9:22am
Quoting FOURX
Lawgirl

Thank you for your quick reply
You are welcome..glad you joined us.
  • #10,867
  • Feb 8, 2011 9:25am Feb 8, 2011 9:25am
Quoting lawgirl21
Nice BO, then a retrace and now heading up again...for a ZC trade.
Is continuing up now
  • #10,868
  • Feb 8, 2011 9:25am Feb 8, 2011 9:25am
Chart
Attached Image
  • #10,869
  • Feb 8, 2011 9:42am Feb 8, 2011 9:42am
Quoting lawgirl21
Chart
Yesterday's range for Aussie was the lowest since Dec. Something has to give on this one. Whatever the news has been, it has remained close to the all time high for days.
  • #10,870
  • Feb 8, 2011 9:47am Feb 8, 2011 9:47am
IMHO, this pair exploded up in the last hour.
Also looks strong on the daily chart.

Love to hear what you people think. Thank you!
  • #10,871
  • Feb 8, 2011 10:01am Feb 8, 2011 10:01am
Out with +45 pips.
Attached Image
  • #10,872
  • Feb 8, 2011 10:05am Feb 8, 2011 10:05am
Quoting geula4
IMHO, this pair exploded up in the last hour.
Also looks strong on the daily chart.

Love to hear what you people think. Thank you!
It's been heading up for the last 10-12 hours or so..I worry that while it has plenty of room above to run, it may be running out of steam for now.
  • #10,873
  • Feb 8, 2011 10:06am Feb 8, 2011 10:06am
Quoting lawgirl21
Out with +45 pips.
Well done, LG!
  • #10,874
  • Feb 8, 2011 10:10am Feb 8, 2011 10:10am
Quoting lawgirl21
It's been heading up for the last 10-12 hours or so..I worry that while it has plenty of room above to run, it may be running out of steam for now.
Got it. Thank you!
  • #10,875
  • Feb 8, 2011 10:20am Feb 8, 2011 10:20am
IMHO, trying to move upwards: H1 C4 BO + 2 ZC.
Let's monitor it closely...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #10,876
  • Feb 8, 2011 10:35am Feb 8, 2011 10:35am
Quoting geula4
IMHO, trying to move upwards: H1 C4 BO + 2 ZC.
Let's monitor it closely...
IMHO, same idea here: H1 C4 BO + 2 ZC.
Please note the spread on this pair.

Love to hear your opinions on this one too, please!
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 24 KB
  • #10,877
  • Feb 8, 2011 10:35am Feb 8, 2011 10:35am
Quoting geula4
IMHO, trying to move upwards: H1 C4 BO + 2 ZC.
Let's monitor it closely...
You are right..I'm going to want to see more consecutive green candles to enter.
  • #10,878
  • Feb 8, 2011 10:38am Feb 8, 2011 10:38am
Quoting lawgirl21
You are right..I'm going to want to see more consecutive green candles to enter.
Thank you!
What do you think about the EURCAD?
IMHO looks good from a PA point of view...
  • #10,879
  • Feb 8, 2011 10:54am Feb 8, 2011 10:54am
Quoting geula4
Thank you!
What do you think about the EURCAD?
IMHO looks good from a PA point of view...
I like it, but it's doing the ZC thing also. I didn't check the upside...did you? You are very good at that.
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  • #10,880
  • Feb 8, 2011 10:56am Feb 8, 2011 10:56am
Quoting lawgirl21
We have had many fake BOs since the holidays, so addition confirmation with the RSIs is needed. Even with that, watch the trade or set moderate TP levels as many are totally reversing and going in the other direction.
Those above illustrates the trade I took on USD/JPY: RSI confirmation, moderate TP and the reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: 0000rhz5.jpg Size: 88 KB
A good trade is when I Break Even. A great trade is when I Take Profit.
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