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Trade What You See - Almost Naked Trading

  • #13,761
  • Apr 11, 2011 11:11pm Apr 11, 2011 11:11pm
...If it was a BO...it would be going the wrong way and it would no longer be a valid 3T.

Quoting josch
Scrutch,

you are right ... only, I'd describe the horizontal version as a BO.

josch
Listen to the whispers.... You may learn something
  • #13,762
  • Apr 11, 2011 11:39pm Apr 11, 2011 11:39pm
Well, it got quiet in a hurry. Maybe time to go to bed......
  • #13,763
  • Apr 12, 2011 1:21am Apr 12, 2011 1:21am
Quoting Fitness09
Well, it got quiet in a hurry. Maybe time to go to bed......
Good Morning all... here it`s 08:15 am...
Only 2 members here? You all must be luscious and well pips fed I think.
Wow what a session you had!

Well I have to work again
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There`s no life before COFFEE!
  • #13,764
  • Edited 4:14am Apr 12, 2011 3:58am | Edited 4:14am
Entered channel trading there and did not got ability to move TP before rapid move made it reached... very funny. out with 20pips.
Time matters most
  • #13,765
  • Apr 12, 2011 4:25am Apr 12, 2011 4:25am
Shame on me for not taking GBP/CHF 3 tap short yesterday night. It is already worth almost 200 pips
  • #13,766
  • Apr 12, 2011 4:38am Apr 12, 2011 4:38am
Quoting Whistlepips
Shame on me for not taking GBP/CHF 3 tap short yesterday night. It is already worth almost 200 pips
Don't worry, there will be other opportunities... Market is running and I think hat it is better to make small, safe, steps with confidence feeling than large, rapid, ones with high uncertainity
Time matters most
  • #13,767
  • Apr 12, 2011 4:50am Apr 12, 2011 4:50am
Quoting blackqn
Don't worry, there will be other opportunities... Market is running and I think hat it is better to make small, safe, steps with confidence feeling than large, rapid, ones with high uncertainity
You are right. BTW did you take that USD/CHF last night?
  • #13,768
  • Apr 12, 2011 5:03am Apr 12, 2011 5:03am
Morning..

Whats LG`s entry rules for channel trades ?!
  • #13,769
  • Edited 5:36am Apr 12, 2011 5:11am | Edited 5:36am
Quoting Whistlepips
You are right. BTW did you take that USD/CHF last night?
No, I went sleep and I did not want to leave this alone

But it is again planning to do sth...
Time matters most
  • #13,770
  • Apr 12, 2011 5:53am Apr 12, 2011 5:53am
It may either go down as 3TH4 or up after possible TL tap. Probably waiting for US to push somewhere... more probable seems to be move downwards (according to W1 and D1 RSI), but who knows...

Something to watch anyway...

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Time matters most
  • #13,771
  • Apr 12, 2011 6:08am Apr 12, 2011 6:08am
Quoting blackqn
No, I went sleep and I did not want to leave this alone

But it is again planning to do sth...
Probably broken our, however support is close...
Time matters most
  • #13,772
  • Apr 12, 2011 6:26am Apr 12, 2011 6:26am
Does any one trade the 3tap with fixed sl and tp? Say 25 pips each way? It certainly seems to have a good hit rate so 1:1 would give a profit for those unable to monitor trades all day. I would be interested in your feedback.
  • #13,773
  • Apr 12, 2011 6:27am Apr 12, 2011 6:27am
Quoting blackqn
It may either go down as 3TH4 or up after possible TL tap. Probably waiting for US to push somewhere... more probable seems to be move downwards (according to W1 and D1 RSI), but who knows...

Something to watch anyway...

Attachment
Yes. Also other yen pairs are worth watching at the moment.
  • #13,774
  • Apr 12, 2011 6:38am Apr 12, 2011 6:38am
Quoting froggus
Does any one trade the 3tap with fixed sl and tp? Say 25 pips each way? It certainly seems to have a good hit rate so 1:1 would give a profit for those unable to monitor trades all day. I would be interested in your feedback.
I´ve been trading them and Im also unable to watch them all the time. Trading 3 taps is a good way to trade in that case. Atleast I think so. I use SL abowe/below last sving high/lo and TP around next S/R. I typically go through my existing trades about 5 times per day and search new ones also. I check them and evaluate the situation and move my SL and TP if needed/possible. It seems to work. Sometimes there are surprises, but all in all I have been able to do that successfully so far anyway. This might work for you also. I havent been able to make profitable trades by using fixed SR and TP. You probably have to go through them case by case and make decisions on the basis of the need in that particular case.
  • #13,775
  • Apr 12, 2011 6:38am Apr 12, 2011 6:38am
Quoting froggus
Does any one trade the 3tap with fixed sl and tp? Say 25 pips each way? It certainly seems to have a good hit rate so 1:1 would give a profit for those unable to monitor trades all day. I would be interested in your feedback.
For 3TH4 you must leave enough space for trade to develop, oftentimes around 100pips, not fixed based on S/R rather.
Time matters most
  • #13,776
  • Apr 12, 2011 6:42am Apr 12, 2011 6:42am
I have been following your method and made +134 pips last night on BO. Thank you for teaching us.
  • #13,777
  • Apr 12, 2011 7:40am Apr 12, 2011 7:40am
Quoting dbl
I have been following your method and made +134 pips last night on BO. Thank you for teaching us.
Well, well, well... Nice of you to join us, brother... Another doc joining the club... Wish you tons of pips, Danny boy...
Hey, EURCAD BO happening now...
  • #13,778
  • Apr 12, 2011 8:08am Apr 12, 2011 8:08am
Is anybody watching the GBPJPY for a break out ...its consolidating in last 4 h?
Help to be helped.
  • #13,779
  • Apr 12, 2011 8:14am Apr 12, 2011 8:14am
My 3 taps at the moment

USD/CHF +65
EUR/GBP +50
EUR/AUD - 7

Just trailed my stops. First ones from this week. Nice day, hope this continues
  • #13,780
  • Apr 12, 2011 8:15am Apr 12, 2011 8:15am
Quoting Lazar83
Is anybody watching the GBPJPY for a break out ...its consolidating in last 4 h?
I'm in it short. Up 70 pips, but you are right it has stalled and now doesnt know what it wants to do.
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