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Trade What You See - Almost Naked Trading

  • #13,441
  • Apr 6, 2011 1:18am Apr 6, 2011 1:18am
Aha! I finally figured out what I was doing wrong on the 4C H1 BO trades. I was waiting until price pierced the support line and moving to M15 and looking for an entry. Now I see to wait until the H1 candle has completely closed, breaking support, and THEN move to M15 looking for an open outside of the scout line..meaning price will continue moving in that direction (likely anyway). I kept jumping the gun but couldn't figure out where
  • #13,442
  • Apr 6, 2011 1:43am Apr 6, 2011 1:43am
Damn. 3/3 of my 3 taps taken on monday have hitted SL
It is probably not a wise thing to take them on monday.

Closed GBP/USD last night + 126 pips.
  • #13,443
  • Apr 6, 2011 1:51am Apr 6, 2011 1:51am
Quoting jdcompute
Aha! I finally figured out what I was doing wrong on the 4C H1 BO trades. I was waiting until price pierced the support line and moving to M15 and looking for an entry. Now I see to wait until the H1 candle has completely closed, breaking support, and THEN move to M15 looking for an open outside of the scout line..meaning price will continue moving in that direction (likely anyway). I kept jumping the gun but couldn't figure out where
Thanks for sharing this. Helped me a lot also
  • #13,444
  • Apr 6, 2011 2:17am Apr 6, 2011 2:17am
Looks ready to break to the upside again. Sorry about no chart.
  • #13,445
  • Apr 6, 2011 2:23am Apr 6, 2011 2:23am
Breaking nicely
  • #13,446
  • Apr 6, 2011 2:32am Apr 6, 2011 2:32am
Quoting lawgirl21
I entered this pair on the BO of the H4 consolidation. Up 166 pips.
Wow! Amazing result I've closed with 86pips before going to bed.
Time matters most
  • #13,447
  • Apr 6, 2011 2:42am Apr 6, 2011 2:42am
Quoting lawgirl21
I had to go all the way to a weekly chart to find reasonable resistence for this pair...back to April 2010 levels.
Do you think that nothing will hold earlier?
Time matters most
  • #13,448
  • Apr 6, 2011 3:05am Apr 6, 2011 3:05am
Don't we have 3T here?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_h4_20110406.gif Size: 21 KB
Time matters most
  • #13,449
  • Apr 6, 2011 3:34am Apr 6, 2011 3:34am
Quoting blackqn
Don't we have 3T here?
Attachment
May be, but some heavy resistance abowe on weekly chart. It´s also almost at descending wedge trendline abowe on weekly chart. I think I will pass that one.
  • #13,450
  • Apr 6, 2011 3:53am Apr 6, 2011 3:53am
this is oppurtunity to buy right now
"Trade Until I Come Back" Luke
  • #13,451
  • Apr 6, 2011 4:04am Apr 6, 2011 4:04am
Quoting superpipo
this is oppurtunity to buy right now
YES , I Agree with you , just close my USDCHF BO Trade with +70 Pips. and Now take The Reversal Trade. Buy USDCHF @0.9170. will Rise Now...

Thanks Mr.SuperPipo.
  • #13,452
  • Apr 6, 2011 4:13am Apr 6, 2011 4:13am
Quoting superpipo
this is oppurtunity to buy right now
Hi, sorry for asking: what is the reasoning behind the buy?
Thanks!
  • #13,453
  • Apr 6, 2011 4:25am Apr 6, 2011 4:25am
For anyone looking to compare brokers, this link below tracks and ranks spreads live. Interesting.

http://www.fxintel.com/live/
  • #13,454
  • Apr 6, 2011 6:29am Apr 6, 2011 6:29am
Just entered to early in this one. Doesn't mean that it will completly fail, but I'm disappointed with myself...

Someone said that market is driven by emotions, more - it is driven by pain and grief
Time matters most
  • #13,455
  • Apr 6, 2011 6:38am Apr 6, 2011 6:38am
Quoting blackqn
Just entered to early in this one. Doesn't mean that it will completly fail, but I'm disappointed with myself...

Someone said that market is driven by emotions, more - it is driven by pain and grief
Dont worry. There is almost none resistance abowe. It is likely that it will go up. Im in that also +33 pips at the moment. Lets see how it goes.

Trading psychology is an interesting thing. Why is it so that with every lose, atleast the major one´s you have to go into the deep? Which one is better to hate or to fear losing? It would be a lot easier to make objective decisions without feelings
After losses in morning I decided not to take USD/CAD short. It would have been worth atleast 40 pips.
  • #13,456
  • Apr 6, 2011 6:49am Apr 6, 2011 6:49am
Hi all,

Also looking at the EURCHF for a good entry long.

On another note can anybody tell me in relation to LG's 1hr 4 Candle breakout system why is it only the 1st 4 hrs of trading you take into account in your time zone? Would I be correct in thinking that any 4 hr period of consolidation would be a good setup along with Weekly, Daily and 4hr +RSI??
Thanks for the help!
  • #13,457
  • Apr 6, 2011 7:20am Apr 6, 2011 7:20am
Quoting zaqzaq
Hi all,

Also looking at the EURCHF for a good entry long.

On another note can anybody tell me in relation to LG's 1hr 4 Candle breakout system why is it only the 1st 4 hrs of trading you take into account in your time zone? Would I be correct in thinking that any 4 hr period of consolidation would be a good setup along with Weekly, Daily and 4hr +RSI??
Thanks for the help!
These consolidations are only agreementary. I think it was stated on first page that you must find a reason to enter and marking this consolidation (which in this case is a result of Asian session I think) is good starting point for further move determination. You can use each firming consolidation in that way.
Time matters most
  • #13,458
  • Apr 6, 2011 7:23am Apr 6, 2011 7:23am
http://screencast.com/t/wgZoP4dxo

my trade today.
how do i show the chart without posting a link?
  • #13,459
  • Apr 6, 2011 7:26am Apr 6, 2011 7:26am
Ok, Thanks a mill!
  • #13,460
  • Apr 6, 2011 7:33am Apr 6, 2011 7:33am
Quoting Whistlepips
Dont worry. There is almost none resistance abowe. It is likely that it will go up. Im in that also +33 pips at the moment. Lets see how it goes. [...]
I've left it with some -20pips. Isa that there is no up-limit, so I entered without waiting for confirmation on M15 chart when move upwards was strong - bad. It will probably go there, but maybe I'll find other, place to enter if only I'm at screen...

EURJPY is in consolidation for couple of hours, I hope I'll catch this BO
Time matters most
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