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Trade What You See - Almost Naked Trading

  • #14,581
  • May 4, 2011 2:24am May 4, 2011 2:24am
Quoting FXMajors
http://www.youtube.com/watch?v=saXQyLTx1vA

Nice work FX, very helpful for Newbies
  • #14,582
  • May 4, 2011 8:20am May 4, 2011 8:20am
Quoting FXMajors
http://www.youtube.com/watch?v=saXQyLTx1vA
Wow! Excellent! Thanks for doing that...
  • #14,583
  • May 4, 2011 8:25am May 4, 2011 8:25am
One of very few good BOs during the London session, as far as I can tell.
Attached Image
  • #14,584
  • May 4, 2011 8:27am May 4, 2011 8:27am
A nice move up, now a stall out. RSIs indicate it will continiue up.

But at all time highs right now.
Attached Image
  • #14,585
  • Edited 8:59am May 4, 2011 8:50am | Edited 8:59am
HI,LG
http://www.forexfactory.com/d:\eurcad.jpg
this is eurcad 4hr,is that called 3 tap?
pls show me the answer
i am a new in forex , and i love your method very much , but i still have many questions , so pls give me the answer,thx
  • #14,586
  • May 4, 2011 9:12am May 4, 2011 9:12am
Quoting tkmouse
HI,LG
http://www.forexfactory.com/d:eurcad.jpg
this is eurcad 4hr,is that called 3 tap?
pls show me the answer
i am a new in forex , and i love your method very much , but i still have many questions , so pls give me the answer,thx
If you posted a chart it didn't work. Read the attached pdf.

Attached File(s)
File Type: pdf How to post charts in mt4.pdf   771 KB | 591 downloads
Mark ... Everything you have been told is a LIE
  • #14,587
  • May 4, 2011 9:13am May 4, 2011 9:13am
Quoting tkmouse
HI,LG
http://www.forexfactory.com/d:eurcad.jpg
this is eurcad 4hr,is that called 3 tap?
pls show me the answer
i am a new in forex , and i love your method very much , but i still have many questions , so pls give me the answer,thx
Your chart did not post. If you are new to any forex trading, you need to do a great deal of study and reading just to get the basics. I highly recommend www.babypips.com for a solid understanding of forex trading.

This thread and the methods of trading I have presented here are extremely deceptive in that they look to the eye to be simple, but are in truth, not simple at all, but rather complicated.

I have said all along that this is not a beginners thread.
  • #14,588
  • May 4, 2011 9:26am May 4, 2011 9:26am
[quote=spzd;4592438]If you posted a chart it didn't work. Read the attached pdf.

thank you for giving me the pdf

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 26 KB


i just want to consult that if the white line can be called 3 tap ?
  • #14,589
  • May 4, 2011 9:48am May 4, 2011 9:48am
This is an interesting pair at an all time high. Take a look at what is happening.

We know that PA can do a very limited number of things when it hits such a huge resistence level. I think of a resistence level as a kind of line of defense...it is there to hold the line, to keep the PA "crowd" back.

What happens when the PA "crowd" meets the line of defense (we saw this at the Royal Wedding over the past weekend...the bobbies holding resistence lines to keep the crowds in check).

The PA crowd can only do one of three things. It can 1) bump the resistence line, pull back and bump it again, like a crowd surging, it can 2) go through the resistence if there is enough volumn and momentum i.e. a large enough crowd, or it can 3) be repelled by it and turn around and "go home".

Which one of these events is happening on this chart? I believe at this time, it is number 3.
Attached Image (click to enlarge)
Click to Enlarge Name: sun.gif Size: 13 KB
  • #14,590
  • May 4, 2011 10:06am May 4, 2011 10:06am
Quoting lawgirl21
This is an interesting pair at an all time high. Take a look at what is happening.

We know that PA can do a very limited number of things when it hits such a huge resistence level. I think of a resistence level as a kind of line of defense...it is there to hold the line, to keep the PA "crowd" back.

What happens when the PA "crowd" meets the line of defense (we saw this at the Royal Wedding over the past weekend...the bobbies holding resistence lines to keep the crowds in check).

The PA crowd can only do one of three things. It can 1)...
Good analysis. It hit that level and came right back. There was not much effort at all to retest it.
Mark ... Everything you have been told is a LIE
  • #14,591
  • May 4, 2011 12:09pm May 4, 2011 12:09pm
Long on USDJPY...long time support at the current level and $ index on an upside...
Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 71 KB
Fall seven times, stand up Eight! #GGMU
  • #14,592
  • May 4, 2011 12:19pm May 4, 2011 12:19pm
I'm not so sure that it won't be testing the lows of that spike of the 16May at some stage? The difference with the longer time frames is a spike can be, and was, over a 3 day period so not quite the same as a 'news spike'
  • #14,593
  • May 4, 2011 12:57pm May 4, 2011 12:57pm
Yesterday we did witness a dip to new lows of 80.70, but we have since reverted back towards 81.00 levels,next supports are noted at 80.51 (18 Mar low), 78.26 (17 Mar low) and then the all-time low 76.40.In the meantime, the key topside resistance is 81.69 (Monday's high), 82.79 (27 Apr high), 83.26 (18 Apr high), 83.79 (15 Apr high), 84.79 (12 Apr high) and 85.52 (6 Apr highs).
  • #14,594
  • May 4, 2011 1:10pm May 4, 2011 1:10pm
Quoting FXMajors
Yesterday we did witness a dip to new lows of 80.70, but we have since reverted back towards 81.00 levels,next supports are noted at 80.51 (18 Mar low), 78.26 (17 Mar low) and then the all-time low 76.40.In the meantime, the key topside resistance is 81.69 (Monday's high), 82.79 (27 Apr high), 83.26 (18 Apr high), 83.79 (15 Apr high), 84.79 (12 Apr high) and 85.52 (6 Apr highs).
This is interesting. Thanks. If I understood correctly you are in other words saying that s/r lines should be put on daily highs and lows.
  • #14,595
  • May 4, 2011 1:18pm May 4, 2011 1:18pm
My short was triggered @ 81.18 took profit off the table now on the sidelines.
Attached Image (click to enlarge)
Click to Enlarge Name: uj-chart.gif Size: 32 KB
  • #14,596
  • May 4, 2011 1:29pm May 4, 2011 1:29pm
Quoting Whistlepips
It would be really interesting to know what triggered your trade. Its a bullseye entry
It was the end of the CD wave trend line Res\confirmation and my MAGIC pink level triggered the trade

Cheers
  • #14,597
  • May 4, 2011 1:32pm May 4, 2011 1:32pm
Here is my AU shorted @ 1.0876 took profit of the table now on the sidelines
Attached Image (click to enlarge)
Click to Enlarge Name: au-chart.gif Size: 33 KB
  • #14,598
  • May 4, 2011 1:36pm May 4, 2011 1:36pm
Quoting lawgirl21
Wow! Excellent! Thanks for doing that...
Your welcome LG. Now you can direct them to this video no more RSI nagging questions

Cheers
  • #14,599
  • May 4, 2011 2:10pm May 4, 2011 2:10pm
That helped enormously!
Thanks fella
  • #14,600
  • May 4, 2011 2:56pm May 4, 2011 2:56pm
Quoting FXMajors
Please go back to my previous past for screen share #

Can you provide us how to use this screen share tool with the number posted before?
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