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Trade What You See - Almost Naked Trading

  • #10,941
  • Feb 9, 2011 8:03am Feb 9, 2011 8:03am
Chart
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  • #10,942
  • Feb 9, 2011 8:05am Feb 9, 2011 8:05am
Looks alot like it's sister chart AUDUSD
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  • #10,943
  • Feb 9, 2011 8:07am Feb 9, 2011 8:07am
Still long this pair
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  • #10,944
  • Feb 9, 2011 8:14am Feb 9, 2011 8:14am
Quoting lawgirl21
Appears to be moving down.
This pair gave me a SL today on a false up BO. EUR/USD avoided my stop by only 1.4 pips and managed after all to take my profit. I'm also watching USD/CAD and USD/CHF. Sorry for not posting charts... to many.
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #10,945
  • Feb 9, 2011 8:19am Feb 9, 2011 8:19am
Quoting lawgirl21
Finally a BO...hopefully.
I got out here with +15 pips; took me +7 hours...
There`s no life before COFFEE!
  • #10,946
  • Feb 9, 2011 8:23am Feb 9, 2011 8:23am
..is moving down.
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  • #10,947
  • Feb 9, 2011 8:28am Feb 9, 2011 8:28am
Quoting jalkok
I got out here with +15 pips; took me +7 hours...
Still money in the bank...
  • #10,948
  • Feb 9, 2011 9:00am Feb 9, 2011 9:00am
Bernanke speaking in just a minute...we'll see what it does to US pairs.
  • #10,949
  • Feb 9, 2011 9:10am Feb 9, 2011 9:10am
..had a big drop down, but not USDCHF.
  • #10,950
  • Feb 9, 2011 9:13am Feb 9, 2011 9:13am
Quoting lawgirl21
Still money in the bank...
Took another +25pips....
Attached Image (click to enlarge)
Click to Enlarge Name: trenddisplay.gif Size: 18 KB
There`s no life before COFFEE!
  • #10,951
  • Feb 9, 2011 9:19am Feb 9, 2011 9:19am
Quoting jalkok
Took another +25pips....
Terrific! I'm up about 50 pips.
  • #10,952
  • Feb 9, 2011 9:59am Feb 9, 2011 9:59am
Quoting lawgirl21
Terrific! I'm up about 50 pips.
Just took half off the table. Moved the other half to BE +10.
  • #10,953
  • Feb 9, 2011 10:04am Feb 9, 2011 10:04am
Quoting lawgirl21
Just took half off the table. Moved the other half to BE +10.
Hi,LG, even more terrific!
do you mean a SL to BE +10 ?
There`s no life before COFFEE!
  • #10,954
  • Feb 9, 2011 10:20am Feb 9, 2011 10:20am
Quoting jalkok
Hi,LG, even more terrific!
do you mean a SL to BE +10 ?
Exactly! Looks like it is going to get hit.
  • #10,955
  • Feb 9, 2011 10:21am Feb 9, 2011 10:21am
Quoting lawgirl21
Yes, you need to know where it's been for at least the past year to get an idea of where it might be going. If you are only trading the EU, you should pretty much know everything about it...it's highs, lows and all major support/resistence areas. I would even run a Fib on it on the weekly chart. You should really be studying it.
Just to highlight. Great advice here. I lack it and have been trying to overcome it. If something is giving me livelihood i ought to know it well. That's my financial social and maybe moral duty else why will markets pay for my dinners.
Making money is easy- Just dont take losing trades
  • #10,956
  • Feb 9, 2011 10:25am Feb 9, 2011 10:25am
Just took half my silver profits. Moved other half to BE +10.
  • #10,957
  • Feb 9, 2011 10:32am Feb 9, 2011 10:32am
Quoting Survivor
Just to highlight. Great advice here. I lack it and have been trying to overcome it. If something is giving me livelihood i ought to know it well. That's my financial social and maybe moral duty else why will markets pay for my dinners.

You hit the nail on the spot, Survivor. It's like anything we do and want to do well...we must know our subject.
  • #10,958
  • Feb 9, 2011 4:31pm Feb 9, 2011 4:31pm
This is an amazing chart..over 24 hours of consolidation and indecision...of course consolidation IS indecision.
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  • #10,959
  • Feb 9, 2011 4:33pm Feb 9, 2011 4:33pm
Pretty much the same here.
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  • #10,960
  • Feb 9, 2011 4:34pm Feb 9, 2011 4:34pm
And here.
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