Trade What You See - Almost Naked Trading

I can't find any news on it.

Same here, nothing...

Hey who knows,at slow time but good on ya! thank goodness for stoploss aud/jpy. you deserve it LG! many thanks

First news, but not a real answer, just facts.

I grabbed +171 in the last hour, i'll stay out now, I can't deal with this stress anymore for this evening, this was something to remember.

On the other side, I really do hope that this wasn't due to some tragic accident in Japan with lots of death, would make me feel less happy

Only news i see is that they are having real trouble with the nuclear reactors in Japan...
But it might be old news...

Probably BOJ started to intervenue again. I don't see other explanation for now.

CHF/JPY summary +220 on the way down, and +80 on the way up. I thought I was going to pass out.

I think that such an appreciation of the Yen is the last thing BoJ wants. This has been a problem for Japan since I first started following Forex market (not so long ago) as it affects their exports (having an expensive currency, discourages international buyers to acquire Japanese products).

I think if BoJ intervenes they would try to reverse this apreciation fo their currency.

http://www.forexcrunch.com/usdjpy-to...oric-collapse/

Sorry for the slow response, I missed your post. ZC stands for Zorro Continuation..a silly name I gave a trade that is moving in one direction, retraces, then continues in the initial direction.

Look back a few pages and you will see charts marked with "the mark of Zorro" (from the movie). On these trades we are just looking for PA to continue in the original direction.

Thanks bobby..about what we thought.

At 8:10 Japan time, USDJPY climbed back up and holding between 78.60 and 78.70 for now.

in image you will find explanation for all indicators I use

trading style:
lots: 0.10
pairs: 9 (AUDUSD EURCHF EURGPB EURJPY EURUSD GPBUSD USDCAD USDCHF USDJPY) - !!! started with 20 but drawdown was to big for $1000 account.
Stop Loss: NO (I'm using hedge)

link to my account:
http://www.myfxbook.com/members/prozor7/prozor7/94572

attach template with indicators

As usual I was late from the party hopefully more to come, current look of the market too scary for me I better just watch from the side line.

I see many trader made a killing the one who was able to catch the moment congratulations to all I wish I was one of them.

I will try to wake up for London opening.

sometimes market can be a beast and then it hands you a day like today....

Think I will even send my staff home for the rest of the day and close shop.[/quote]

LG Have you jumped back in or sitting on your hands? What a great day for all of us!

Congrats on your success

I meant to congratulate you earlier but I ran out of Mbytes and my hole world slowed down about 1:30 pacific time. Being out in the country I have satellite internet. My limit in 24 hr period is 375 mbytes. If I exceed it in 24hr period everything slows down to a crawl for another 24hrs. I've tried other internet servers but I'm too far from everyone's towers or cables are two long, witch slows everything down making trading would be imposable. Well without getting into more detail, I could have made more myself but between running kids to school and working outside, checking the charts as I came inside, I was able to still pull 117 pips today myself. This is one of the best things about your method of trading. You don't need a lot of indicators to trade. The more indicators I would run before the fewer charts I could run and watch because of my limited mbs or the speed would just slow down going tf to tf. Then trying to enter a trade I would be 5 to 10 pips behind my original intent of entry. I'm still learning but it makes things much more interesting being able to watch many more currency at the same time. Again CONGRATULATION ON A GREAT DAY OF TRADING!!!!

I had just channel traded another +22 pips to the good

LG
Do you time your entry to the end of the period, as the RSI can sometimes go up and down during the period? ... that is to say do you wait for the RSI's to be lined up at the end of the hour for the signal and then again on the M5 for the entry

Love your thread LG!
Newbie

Hi all,

Have a question. After entering a trade, do you guys monitor it like a hawk or you will look at intervals.

The reason I am asking is that I tend to monitor it closely and don't let it run enough or I get too upset with retrace and up with losses...