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Trade What You See - Almost Naked Trading

  • #13,361
  • Apr 5, 2011 12:23am Apr 5, 2011 12:23am
Quoting Anthar
That is one of the emotions we need to overcome, taking no trades is better than taking losing trades of course.

But we are learning and building experience, right? So for now it's good to know you can work on patience and not rush into trades... wish you a good outcome Cristian

Absolutely. Thx
  • #13,362
  • Apr 5, 2011 12:55am Apr 5, 2011 12:55am
Quoting Cristian2011
Hi LG
entered this around the same time you did as a H1 BO, a bit worried about R around.9700 and going against the W1 trend. set my TP a few pips below R. what is your plan for this pair ?
the long term trends(D1 W1 MN) are clearly going against my position

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does anyone see any other reasons i shouldn've entered this trade?
  • #13,363
  • Apr 5, 2011 1:10am Apr 5, 2011 1:10am
it seems that short is on.
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  • #13,364
  • Apr 5, 2011 1:13am Apr 5, 2011 1:13am
Quoting Cristian2011
the long term trends(D1 W1 MN) are clearly going against my position

Attachment
Attachment
Attachment


does anyone see any other reasons i shouldn've entered this trade?

heres my entry USD/CAD long. looks like a good H1 4C BO. why went against me?

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  • #13,365
  • Apr 5, 2011 1:35am Apr 5, 2011 1:35am
Quoting Cristian2011
heres my entry USD/CAD long. looks like a good H1 4C BO. why went against me?

Attachment
In my opinion you entered the trade to early. You didn't wait for 2 full closed bars outside the 4H box, otherwise the second and the opening of the 3th would indicated the reversal and should have kept you out of the trade.
  • #13,366
  • Apr 5, 2011 3:47am Apr 5, 2011 3:47am
I took four 3 taps yesterday even though it was monday.

GBP/JPY hit SL about - 80 last night.
GBP/USD + 53 at the moment
EUR/CHF + 11 at the moment
AUD/JPY - 7 at the moment

All of them I took with SL 80 or larger. Lets see how these will go.
  • #13,367
  • Apr 5, 2011 3:51am Apr 5, 2011 3:51am
Good Morning...Can you also use the 3 tap on the H1 tf ?!
  • #13,368
  • Apr 5, 2011 3:58am Apr 5, 2011 3:58am
Classical BO on H1 with confirmation on M15 (see attachment, M15 arrows indicate buy-in/going long). For the safety-conscious, one could have waited for the second M15 candle to finish, would have been just in time as well.

Just beautiful. Out with +62 Pips, daily target reached, though I should have been waiting, cable is still bullish as hell.

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  • #13,369
  • Apr 5, 2011 4:03am Apr 5, 2011 4:03am
Yeah i've just come out with +52 from one trade and +75 from another. Also GBPGPY GBPAUD are Shooting up im in both of those



Quoting platschi
Classical BO on H1 with confirmation on M15 (see attachment, M15 arrows indicate buy-in/going long). For the safety-conscious, one could have waited for the second M15 candle to finish, would have been just in time as well.

Just beautiful. Out with +62 Pips, daily target reached, though I should have been waiting, cable is still bullish as hell.

Attachment
  • #13,370
  • Apr 5, 2011 4:20am Apr 5, 2011 4:20am
Quoting Whistlepips
I took four 3 taps yesterday even though it was monday.

GBP/JPY hit SL about - 80 last night.
GBP/USD + 53 at the moment
EUR/CHF + 11 at the moment
AUD/JPY - 7 at the moment

All of them I took with SL 80 or larger. Lets see how these will go.
It looks like there is one on AUDUSD now setup and trigger...

It will be interesting how all these will go...
Time matters most
  • #13,371
  • Apr 5, 2011 4:34am Apr 5, 2011 4:34am
Quoting blackqn
It looks like there is one on AUDUSD now setup and trigger...
and not any longer...
Time matters most
  • #13,372
  • Apr 5, 2011 4:47am Apr 5, 2011 4:47am
Quoting dct
Good Morning...Can you also use the 3 tap on the H1 tf ?!
Tested that yesterday morning with EUR/CAD. Trend changed just after my entry and it went to SL. I think that it will probably be safer later in the week (after wednesday?) when you have a clearer wiew of the weekly trend. Also stock open/close times can have an effect to these? Maybe if you have a trend which seems to continue over stock opening/closing times and keep a close eye on them during those periods.

Just theorising here. If I remember correctly LG also tested this approach, but I dont know her experiences with it.
  • #13,373
  • Apr 5, 2011 4:49am Apr 5, 2011 4:49am
Thanks Whistlepips sounds like good advice !
  • #13,374
  • Apr 5, 2011 5:15am Apr 5, 2011 5:15am
Quoting blackqn
and not any longer...
and 3T again, but support close... will it pass it?

Attached Image (click to enlarge)
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Time matters most
  • #13,375
  • Edited 6:26am Apr 5, 2011 5:17am | Edited 6:26am
Just took AUD/CAD short 3 tappish. A little late, but it looks promising. SL 90, TP 150. Itīs shame that I missed EUR/GBP short and GBP/JPY long......

Also on AUD/USD short. SL 130, TP 100
  • #13,376
  • Apr 5, 2011 5:34am Apr 5, 2011 5:34am
Quoting blackqn
and 3T again, but support close... will it pass it?

Attachment
Good point. Took it anyway though with a profound trust that it will evidently pass that one .

- Whatīs luck got to do with it? -
An anonyous bankcrupted trader.......
  • #13,377
  • Apr 5, 2011 6:52am Apr 5, 2011 6:52am
USDCAD BO NOW
  • #13,378
  • Apr 5, 2011 6:55am Apr 5, 2011 6:55am
Potential setups to keep track:

USD/CAD - now going straight down and fast. May turn on NY open though in just few minutes

USD/CHF
  • #13,379
  • Apr 5, 2011 7:12am Apr 5, 2011 7:12am
Quoting KillerAntz
In my opinion you entered the trade to early. You didn't wait for 2 full closed bars outside the 4H box, otherwise the second and the opening of the 3th would indicated the reversal and should have kept you out of the trade.

You're absolutely right. Thanks for pointing that out. Closed it at -8, 3hrs in the trade.
  • #13,380
  • Apr 5, 2011 7:19am Apr 5, 2011 7:19am
Quoting platschi
Classical BO on H1 with confirmation on M15 (see attachment, M15 arrows indicate buy-in/going long). For the safety-conscious, one could have waited for the second M15 candle to finish, would have been just in time as well.

Just beautiful. Out with +62 Pips, daily target reached, though I should have been waiting, cable is still bullish as hell.

Attachment
Thanks for your technical analysis. This move was caused by a much greater than expected news item and therefore is a fundamental move.

4:30am GBP Services PMI
http://www.forexfactory.com/images/m...etail_star.gif 57.1
52.5 52.6


Glad you got pips.
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