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Trade What You See - Almost Naked Trading

  • #12,541
  • Mar 21, 2011 2:01pm Mar 21, 2011 2:01pm
Here are a few pairs to keep an eye on: GBPCHF, 6 taps... beautiful.. waiting for confirmation and break of that resistance
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  • #12,542
  • Mar 21, 2011 2:02pm Mar 21, 2011 2:02pm
Very tight consolidation
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  • #12,543
  • Mar 21, 2011 2:04pm Mar 21, 2011 2:04pm
Thank you LG21 for your explanation it makes a lots of sense after all, I fined it hard to set up a trade and leave it on with out me being there and manage the trade.
Some times I do then at work I log in to your tread (like now) and watching if any body post my pair so I can get a quick glance on it.

Yes I agree about the trailing stop I never use them my self other then demo where I fined it very useless.

Thanks
esz
Blessed are they who maintain justice, who constantly do what is right.
  • #12,544
  • Mar 21, 2011 2:08pm Mar 21, 2011 2:08pm
Just closed my position for about +100 pips. Looks like it may be stalling a bit on the 1H. I will keep watching it to see what happens. Great job on your pips LG !
  • #12,545
  • Mar 21, 2011 2:11pm Mar 21, 2011 2:11pm
Quoting pippete
Good for you... I got killed on that red candle 6 hrs ago. that was totally uncalled for... hit my SL of 50 then went up again.. Story of my life..
Well whatever, moving on , to the next trade
Oh, I hate to hear that. That candle with it's wick looks like it was searching for stops to take them out. When you have that happen..look to recover quickly and get back in with a trade in the opposite direction.

In this case it would have been a channel trade. You would have recovered the 50 pips and then some. However, this takes a strong detachment and nerves somewhat of steel.
  • #12,546
  • Mar 21, 2011 2:23pm Mar 21, 2011 2:23pm
Attached Image

It looks like the EU has reached the DT on the daily LG was speaking about before. This will be interesting to see if it pushes through, or heads south.
  • #12,547
  • Mar 21, 2011 2:26pm Mar 21, 2011 2:26pm
and all yen pairs are in consolidation, ripe for BO's.
This one, the Beast, hopefully breaks that resistance and goes, or bounces back. Either way, we're in...
Attached Image
  • #12,548
  • Mar 21, 2011 2:30pm Mar 21, 2011 2:30pm
Quoting lawgirl21
Oh, I hate to hear that. That candle with it's wick looks like it was searching for stops to take them out. When you have that happen..look to recover quickly and get back in with a trade in the opposite direction.

In this case it would have been a channel trade. You would have recovered the 50 pips and then some. However, this takes a strong detachment and nerves somewhat of steel.
Thanks a lot, that's helpful, it was really just a fluke, rotten stop hunting candle. I'll try that technique next, I did that before, but was too busy w/patients this am... Darn day jobs...
  • #12,549
  • Mar 21, 2011 2:33pm Mar 21, 2011 2:33pm
Another nice strong resistance here, maybe the Asian/London peeps will break it
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  • #12,550
  • Mar 21, 2011 2:40pm Mar 21, 2011 2:40pm
Will EURJPY turn back down after hitting resistance? Let's hope so! Last gap trade that still needs to close!
Enter Signature
  • #12,551
  • Mar 21, 2011 2:43pm Mar 21, 2011 2:43pm
Quoting pippete
and all yen pairs are in consolidation, ripe for BO's.
This one, the Beast, hopefully breaks that resistance and goes, or bounces back. Either way, we're in...

Good postings pete..I'm watching these pairs too.
  • #12,552
  • Mar 21, 2011 4:32pm Mar 21, 2011 4:32pm
Hi All,

Really enjoy the logic behind this thread and trading style. Great job Lawgirl!

Thanks for sharing!
  • #12,553
  • Mar 21, 2011 5:11pm Mar 21, 2011 5:11pm
4H 3T waiting for confirmation on D1 RSI

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  • #12,554
  • Mar 21, 2011 5:24pm Mar 21, 2011 5:24pm
Quoting Cristian2011
4H 3T waiting for confirmation on D1 RSI

Attachment
I have been waiting for a ZC (the continuation part) on the H1 too. A double set up, 3 Tap on the H4 and continuation on the H1 should make for a stronger trade when/if it finally triggers.
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  • #12,555
  • Mar 21, 2011 5:36pm Mar 21, 2011 5:36pm
Would his qualify as a H4 3T set-up and trigger.


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  • #12,556
  • Mar 21, 2011 5:46pm Mar 21, 2011 5:46pm
L G how many pairs do you trade ?!
  • #12,557
  • Mar 21, 2011 5:51pm Mar 21, 2011 5:51pm
Quoting lawgirl21
I have been waiting for a ZC (the continuation part) on the H1 too. A double set up, 3 Tap on the H4 and continuation on the H1 should make for a stronger trade when/if it finally triggers.
I read the post about ZC, but how long would you wait before you enter? In this case it looks like a Z has formed already. I don't see conformation on the smaller TF's , yet and that would make me wait right now.
  • #12,558
  • Mar 21, 2011 6:09pm Mar 21, 2011 6:09pm
Quoting Cristian2011
Would his qualify as a H4 3T set-up and trigger.


Attachment
Yes, indeed! I drew my chart a little differently, but I am in this trade too.
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  • #12,559
  • Mar 21, 2011 6:17pm Mar 21, 2011 6:17pm
Quoting dct
L G how many pairs do you trade ?!
I trade them all. I have given up on limiting myself to 3-4 pairs. When I do a chart scan, I scan them all.
  • #12,560
  • Mar 21, 2011 6:23pm Mar 21, 2011 6:23pm
Quoting Cristian2011
I read the post about ZC, but how long would you wait before you enter? In this case it looks like a Z has formed already. I don't see conformation on the smaller TF's , yet and that would make me wait right now.
I am in this trade on a 3 Tap H4 chart. Waiting for a BO on the H1 chart would be a more conservative entry. You are exactly right to follow your own instincts....always do that.
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