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Trade What You See - Almost Naked Trading

  • #13,521
  • Apr 7, 2011 7:22am Apr 7, 2011 7:22am
Very nice 3 Tap trade.
Attached Image
  • #13,522
  • Apr 7, 2011 7:24am Apr 7, 2011 7:24am
A nice BO, then consolidation, now a channel trade with another possible BO long.
Attached Image
  • #13,523
  • Apr 7, 2011 9:26am Apr 7, 2011 9:26am
Quoting lawgirl21
This pair has been in a range for hours. The shaded area marks the new probe/scout areas. I would wait for PA to solidly clear those areas either up or down before entry.
Please explain meaning of "solidly" if it doesn't make a problem.
Time matters most
  • #13,524
  • Apr 7, 2011 9:30am Apr 7, 2011 9:30am
Quoting blackqn
Please explain meaning of "solidly" if it doesn't make a problem.
No problem at all. It just means to try to confirm the direction. Watch PA and make sure, as is possible, that PA is headed in one direction or the other. i.e. confirm direction on the M15 chart before entry.
  • #13,525
  • Edited 9:47am Apr 7, 2011 9:34am | Edited 9:47am
What do you think about this CADJPY? entry after scout or S1 cleared, or any other thoughts?

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy_h4_20110407.gif Size: 23 KB
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy_h1_20110407.gif Size: 23 KB
Time matters most
  • #13,526
  • Apr 7, 2011 9:35am Apr 7, 2011 9:35am
Quoting lawgirl21
No problem at all. It just means to try to confirm the direction. Watch PA and make sure, as is possible, that PA is headed in one direction or the other. i.e. confirm direction on the M15 chart before entry.
Thanks
Time matters most
  • #13,527
  • Apr 7, 2011 9:51am Apr 7, 2011 9:51am
Come on! Make a decision .....

The first time today to trade properly and charts look like this
  • #13,528
  • Apr 7, 2011 10:00am Apr 7, 2011 10:00am
Quoting Whistlepips
Come on! Make a decision .....

The first time today to trade properly and charts look like this
Probably we need to give time to the market in order to get it decided where to go really...
Time matters most
  • #13,529
  • Apr 7, 2011 10:11am Apr 7, 2011 10:11am
Today would be a "you don't have to always trade" day... Everything is directionless, very choppy morning. Staying out...
  • #13,530
  • Apr 7, 2011 10:19am Apr 7, 2011 10:19am
Thanks. Youre probably right. One of the hard decisions a trader has to make.
  • #13,531
  • Apr 7, 2011 10:27am Apr 7, 2011 10:27am
So there has been a again new earthquake on Japan today 7.4 on richter. Hope this will be the last one even though geologists have been saying that there is still tension between the tectonic plates.
  • #13,532
  • Apr 7, 2011 10:29am Apr 7, 2011 10:29am
Quoting pippete
Today would be a "you don't have to always trade" day... Everything is directionless, very choppy morning. Staying out...
I totally agree with you on this one. Since yesterday when I saw all this news set for release today, the expectation on the interest rate by ECB, etc. I thought this would be a good day to watch from outside the arena.
Flp. 4:13
  • #13,533
  • Apr 7, 2011 10:29am Apr 7, 2011 10:29am
Quoting lawgirl21
This pair has been in a range for hours. The shaded area marks the new probe/scout areas. I would wait for PA to solidly clear those areas either up or down before entry.
And maybe we will have 3T withn some hours here... or it will go any other its way...

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_h4_20110407.gif Size: 24 KB
Time matters most
  • #13,534
  • Apr 7, 2011 10:31am Apr 7, 2011 10:31am
USD/JPY on the move,
Japan had another 7.4, i pray that thye are doing fine
  • #13,535
  • Apr 7, 2011 10:43am Apr 7, 2011 10:43am
USD/JPY shorted +20 pips and stil going, im expecting there to be at least 2- 3 hrs more, before intervention from BOJ... riding the wave down cautiously
  • #13,536
  • Apr 7, 2011 10:46am Apr 7, 2011 10:46am
Got 31 pips on move down (some earlier losses rewarded), now it touched TL and support in one place, possible move up (3T), but confirmation must be on RSI and I don't know i we will see it today... Another possibility, is 3T downwards when we have some more H4 candles. Worth of watching anyway. Any thoughts?

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy_h4_20110407.gif Size: 23 KB
Time matters most
  • #13,537
  • Apr 7, 2011 10:48am Apr 7, 2011 10:48am
Quoting blackqn
Got 31 pips on move down (some earlier losses rewarded), now it touched TL and support in one place, possible move up (3T), but confirmation must be on RSI and I don't know i we will see it today... Any thoughts?

Attachment

Normally what we do dun work now, my 2 cents worth is : scalp cautiously,

personal opinion: it is still safe to scalp for 2 hrs or so
  • #13,538
  • Apr 7, 2011 10:55am Apr 7, 2011 10:55am
There is problem with EURJPY, W1 RSI nt pointing down, maybee it will... but up-trend TL is rather close... Any thoughts?

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_h4_20110407.gif Size: 23 KB
Time matters most
  • #13,539
  • Apr 7, 2011 11:09am Apr 7, 2011 11:09am
Quoting blackqn
There is problem with EURJPY, W1 RSI nt pointing down, maybee it will... but up-trend TL is rather close... Any thoughts?

Attachment

u gotta understand how the indicators works, i think the settings is applied to use the previous close
  • #13,540
  • Apr 7, 2011 11:14am Apr 7, 2011 11:14am
Now looks less nervous, for a while at least. Please look at shape formed by H4 candles. The one formed today is similar to other shape from couple of days past. I may be wrong here, but if history tends to repeat itself... we shall have upmove confirmed by passage of downtrend TL at moreless 1.4314. What do you think about such a scenario?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_h4_20110407.gif Size: 26 KB
Time matters most
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