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Trade What You See - Almost Naked Trading

This one seems to be going now up also
Time matters most
Quoting Mattdede
Hey killerantz,

Can you just explain why this was a wrong entry point? You mention two full closed candles outside the 4h box, isn't that what this is? 2green candles have closed outside the 4h box? Unless he entered the trade while the 2nd green candle was forming? Just a bit confused. Cheers dude.
Matt
If you look in detail, you see on the chart he entered at .9678, which was at the top of that second candle. Because the closure of the was way below this point he had to enter at this high and afterwards the price went down, still during this candle. If it was already closed he couldn't have entered at that price. I hope this helps understanding this.
All RSI's were down at entry. Entered short here and now the proverbial stall begins..

And M15 shows that price has cleared the scout line downward.
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AND...the M15 is showing a later probe (scout) that could be part of the stalling problem...?

Quoting jdcompute
All RSI's were down at entry. Entered short here and now the proverbial stall begins..
And M15 shows that price has cleared the scout line downward.
Listen to the whispers.... You may learn something
Quoting KillerAntz
If you look in detail, you see on the chart he entered at .9678, which was at the top of that second candle. Because the closure of the was way below this point he had to enter at this high and afterwards the price went down, still during this candle. If it was already closed he couldn't have entered at that price. I hope this helps understanding this.
You mean he entered at the top of the wick, and what he should have done is entered on the close of that candle as that would have determined the entry point of where it has definitely cleared the scout line??? He could have still made some pips then right?
i read a lil of that PASS system thread, they have a similar system as far as confirming a small break of price action support/resistance like the 'clear of the scout wick' using fractals.. just a thought to make it a bit more clear for newbies i guess..

price going down, hits a mini support, comes back up a bit, then wait for a candle to clear the fractal that formed on that support..

i dunno, may help
Quoting blackqn
and now it is breaking-up upwards, is trying at least
I entered this pair on the BO of the H4 consolidation. Up 166 pips.
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Quoting blackqn
This one seems to be going now up also
Was watching this H4 consolidation. Got in late, but still up 170 pips.
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Another JPY consolidation on the H4 chart.
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Quoting lawgirl21
I entered this pair on the BO of the H4 consolidation. Up 166 pips.
Right there with you, along with some other pairs against the JPY.
Quoting Fitness09
Right there with you, along with some other pairs against the JPY.
A month's worth of pips right now. The trick will be not to give it back.
chart
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Quoting jdcompute
chart
This pair is interesting in that it has given us 2 opportunities to enter a 3 Tap trade this week. I missed the first one, but got in on the second one. up 70 pips.
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Quoting lawgirl21
Was watching this H4 consolidation. Got in late, but still up 170 pips.
I had to go all the way to a weekly chart to find reasonable resistence for this pair...back to April 2010 levels.
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Quoting lawgirl21
A month's worth of pips right now. The trick will be not to give it back.
What are you seeing as for as resistance for the EJ? I think maybe the 25 area. Had to go to the weekly to find something.

Also, you have a lot more experience at this than I do, so I will ask do pairs fall as quickly as they rise? Could we see the EJ fall as quickly as it has risen? It gave me 250 last week.
124.60 area as far as I can see. But that is a 2009 level. I'm up 230 pips on this pair and am watching very closely. Remember price seldom goes straight in one direction. This move has been pretty incredible.
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Looks like the Eu has closed above the 4248 level. Now, lets see if it stays up there, or just testing it out.
Quoting Fitness09
What are you seeing as for as resistance for the EJ? I think maybe the 25 area. Had to go to the weekly to find something.

Also, you have a lot more experience at this than I do, so I will ask do pairs fall as quickly as they rise? Could we see the EJ fall as quickly as it has risen? It gave me 250 last week.
Yes indeed price can go down as quickly as it can go up...quicker, it seems to me. I just took half off the table and am going to let the other half ride, although I am monitoring closely. I would highly recommend taking some profits after this wonderful run.
Quoting Fitness09
EJ is on the run again.....lets see how many it gives us this week.
WOW, how nice. just opened up my platform and had to move my stop loss up 200 pips. +530 with 400 locked in profits. And all started with a 4C H1 BO, and some 3T H4 along the way for confirmation.

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Quoting Fitness09
What are you seeing as for as resistance for the EJ? I think maybe the 25 area. Had to go to the weekly to find something.

Also, you have a lot more experience at this than I do, so I will ask do pairs fall as quickly as they rise? Could we see the EJ fall as quickly as it has risen? It gave me 250 last week.

had my resistance marked down on this one around 125.40 /weekly chart
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