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Trade What You See - Almost Naked Trading

  • #14,321
  • Apr 26, 2011 9:34pm Apr 26, 2011 9:34pm
3Tap
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  • #14,322
  • Apr 26, 2011 10:19pm Apr 26, 2011 10:19pm
Quoting TradeRunner
This place (forex factory) is like politics. You vote for your favorite politician even if they're way dumber than you are.
Then, when you totally screw up your life, you blame your politician. It's never your fault. !! Here's the bottom line.......

People like LawGirl should be the central bankers, the presidents, the politicians (of course, this is really without really knowing the full story). If you haven't noticed, America is in decline and none of the current (politicians) will be able to fix it (save for Ron Paul who is a bit overzealous...
I like Ron Paul. Even Donald Trump is making alot of sense! Plus he is a Wharton Business School grad. I would like to see someone who knows how to run a business and has met a payroll run the country.
  • #14,323
  • Apr 26, 2011 10:19pm Apr 26, 2011 10:19pm
Quoting lawgirl21
Yes, it is a perfect ZC taking place.
Hi Lawgirl,

Do you mind educating about the ZC rules? I couldn't find anything on the threade except a post on 1st page

Thanks
Vicky
Fall seven times, stand up Eight! #GGMU
  • #14,324
  • Apr 26, 2011 10:21pm Apr 26, 2011 10:21pm
Nice channel trade.
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  • #14,325
  • Apr 26, 2011 10:24pm Apr 26, 2011 10:24pm
Potential ZC setting up
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  • #14,326
  • Apr 26, 2011 10:39pm Apr 26, 2011 10:39pm
Quoting vickym
Hi Lawgirl,

Do you mind educating about the ZC rules? I couldn't find anything on the threade except a post on 1st page

Thanks
Vicky

They are very simple, but fun trades.

There are 3 stages in a ZC (Zorro Continuation) trade:

1. the original directional PA move..be it up or down;
2. a PA move in the opposite direction for as brief a time as one candle;
3. finally, a PA move or return to the original direction.
(Up, Down, Up or Down, Up, Down)

This is really just a wave pattern.
Step 2 is always a "pullback" or "retrace".

It is called Zorro because of the "mark of Zorro" from the movie character Zorro who went around marking things with a Z. Our "Zs" are mostly a little sideways.

It is called a Continuation trade because ultimately PA returns or continues in it's original direction..be it up or down.

Hope this helps.
  • #14,327
  • Apr 27, 2011 4:24am Apr 27, 2011 4:24am
Quoting lawgirl21
They are very simple, but fun trades.

There are 3 stages in a ZC (Zorro Continuation) trade:

1. the original directional PA move..be it up or down;
2. a PA move in the opposite direction for as brief a time as one candle;
3. finally, a PA move or return to the original direction.
(Up, Down, Up or Down, Up, Down)

This is really just a wave pattern.
Step 2 is always a "pullback" or "retrace".

It is called Zorro because of the "mark of Zorro" from the movie character Zorro who went around marking things with a Z....
Top Explanation LG. I'm happy with that!
  • #14,328
  • Apr 27, 2011 7:16am Apr 27, 2011 7:16am
Both a 3 Tap and an H1 4C BO
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  • #14,329
  • Apr 27, 2011 7:19am Apr 27, 2011 7:19am
Also a BO and a 3 Tap
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  • #14,330
  • Apr 27, 2011 7:25am Apr 27, 2011 7:25am
..seems to be taking a beating this morning.
  • #14,331
  • Apr 27, 2011 8:14am Apr 27, 2011 8:14am
what do you think? is this a correct 3tap entry?
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  • #14,332
  • Apr 27, 2011 8:54am Apr 27, 2011 8:54am
Quoting livingston1
what do you think? is this a correct 3tap entry?
I don't trade that pair, but that is a correct 3 Tap set up and trigger. However, there looks to be some consolidation on the last few candles. RSIs look good.
  • #14,333
  • Apr 27, 2011 9:41am Apr 27, 2011 9:41am
eurnzd +100 pips after third tap 2 hours ago!
  • #14,334
  • Apr 27, 2011 10:35am Apr 27, 2011 10:35am
Quoting livingston1
eurnzd +100 pips after third tap 2 hours ago!
Good on you! Respect! Keep it so further on...
There`s no life before COFFEE!
  • #14,335
  • Apr 27, 2011 2:46pm Apr 27, 2011 2:46pm
3rd win for the day bringing my total for the day to +75 pips.
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  • #14,336
  • Apr 27, 2011 3:15pm Apr 27, 2011 3:15pm
Took some demo trades starting last night breakout within the trend using an aggressive stop on the dragon(gpy/jpy) thank God for demo as well as live trades today.

Demo still in
Eur/Usd +135
usd/chf +8
gpb/usd +100
aud/usd +67
gbp/jpy -221 oops
usd/jpy -68

Live
usd/chf +14
eur/usd +30
eur/usd +21
usd/chf -10
closed = +54

Our poor dollar needs to go back up
  • #14,337
  • Apr 27, 2011 3:59pm Apr 27, 2011 3:59pm
Quoting jdcompute
3rd win for the day bringing my total for the day to +75 pips.
Nice run! Rinse and repeat
  • #14,338
  • Apr 27, 2011 4:07pm Apr 27, 2011 4:07pm
Quoting gasservettes
Took some demo trades starting last night breakout within the trend using an aggressive stop on the dragon(gpy/jpy) thank God for demo as well as live trades today. ...
gasservettes,

without a chart is hard to talk about. But seems to me, that your mentioned aggressive stop gbpjpy wasn't ok. Below the line you were profitable on both, so this is ok and give you time to improve.

josch
trading is war - life is simple
  • #14,339
  • Apr 27, 2011 8:42pm Apr 27, 2011 8:42pm
Hi Lawgirl
I hope your family in Mississippi is ok with the storms! Are you back in Ca.?
  • #14,340
  • Apr 27, 2011 8:45pm Apr 27, 2011 8:45pm
BO setting up.
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