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Trade What You See - Almost Naked Trading

  • #14,661
  • May 5, 2011 1:53pm May 5, 2011 1:53pm
Quoting lawgirl21
No problem. Channel trades are really simple. Once the S/R lines are established, price often bounces back and forth between those lines...I have no idea why and do not care. But, this happens very, very often.

We have seen this time and time again throughout this thread, but on the H1 chart. Pippete is a trader who seems to especially like these trades and has posted many of them. I shall try to point you to them.

On the current chart, price is at an all time high at the resistence level. There are only 3 things the new monthly candle (May)...
Very nicely written. You have a knack for teaching an easy understandable way
  • #14,662
  • May 5, 2011 1:55pm May 5, 2011 1:55pm
Let the dollar rock on and oil DROP!!!
  • #14,663
  • May 5, 2011 2:09pm May 5, 2011 2:09pm
Quoting vickym
Hi LG,

I have a question regarding PA, if you would be kind to answer. See the chart below for NU. The PA this week has been too strong on the short side, that it has wiped the gains of past 3 weeks. What do you think of such strong PA, further continutation or a possible reversal?



Thanks
Vicky
Hi Vicky, I don't predict directions, but if we anaylse this pair it is very much like the AUDUSD chart in that it is at all time highs and only had one of three things that it could do at that point.

I was long this pair, but got out with 60 pips at the beginning of the week, with the monthly candle change.

This pair is now looking like a channel trade, again, as the AUDUSD appears to be.

Strong new monthly candles can be big money makers. The beginning of the month is a great trading opportunity.
  • #14,664
  • May 5, 2011 2:58pm May 5, 2011 2:58pm
This strategy with VSA is deadly accurate...
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  • #14,665
  • May 5, 2011 4:01pm May 5, 2011 4:01pm
Quoting kamise
This strategy with VSA is deadly accurate...

Please kamise, we are not using volume spread analysis here. There is a forum on FF for this.
  • #14,666
  • May 5, 2011 4:10pm May 5, 2011 4:10pm
I will never post again.

Apologies,
  • #14,667
  • May 5, 2011 4:37pm May 5, 2011 4:37pm
Quoting kamise
I will never post again.

Apologies,
You are welcome to post, but in the spirit and integrity of this thread, which means very few indicators and clean charts.
  • #14,668
  • May 5, 2011 6:28pm May 5, 2011 6:28pm
Quoting FXMajors
Thanks LG I appreciate you took the time out for me. Cheers
Glad I did. I am getting ready to go for Mexican food in celebration of Cinco de Mayo with friends now, but will post something later.
  • #14,669
  • May 5, 2011 6:28pm May 5, 2011 6:28pm
Quoting lawgirl21
No problem. Channel trades are really simple. Once the S/R lines are established, price often bounces back and forth between those lines...I have no idea why and do not care. But, this happens very, very often.

We have seen this time and time again throughout this thread, but on the H1 chart. Pippete is a trader who seems to especially like these trades and has posted many of them. I shall try to point you to them.

On the current chart, price is at an all time high at the resistence level. There are only 3 things the new monthly candle (May)...

Thanks so much for the explaination, this does help me out alot.

  • #14,670
  • May 5, 2011 10:29pm May 5, 2011 10:29pm
Quoting lawgirl21
Glad I did. I am getting ready to go for Mexican food in celebration of Cinco de Mayo with friends now, but will post something later.
Hope you enjoyed it. I love how a whole country is celebrating my birthday... Its today... My gift: I reached my 100 pips goal for the week back on a live acct. Staying off tomorrow due to NFP.. Have a great weekend everyone, and thanks again LG for all your help.
  • #14,671
  • May 6, 2011 1:38am May 6, 2011 1:38am
A 3T entry on the H4 charts during the Asian Session.
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  • #14,672
  • May 6, 2011 2:13am May 6, 2011 2:13am
hey, im also in here, wheres ur target?
  • #14,673
  • May 6, 2011 2:19am May 6, 2011 2:19am
also a 3t, waiting if PA continues up....yellow line is r/s...well see
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  • #14,674
  • May 6, 2011 2:24am May 6, 2011 2:24am
also a possible BO on H1, hope it will break the yellow line...
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  • #14,675
  • May 6, 2011 2:29am May 6, 2011 2:29am
Price action has turned unexpectedly bearish on the H4 chart.

My Tp levels are at 0.89327, 0.89536 supported by the 38.2 and 50.0 fibonacci retracements.

However, I am still holding on to the trade as it is still being supported on the D1 Chart.

If it touches the SL limit at 0.88527, I will close the trade promptly.
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  • #14,676
  • May 6, 2011 2:35am May 6, 2011 2:35am
Quoting Tipico
also a possible BO on H1, hope it will break the yellow line...
ok, im in here
  • #14,677
  • May 6, 2011 2:35am May 6, 2011 2:35am
3T rules met, I'm in this trade
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  • #14,678
  • May 6, 2011 2:43am May 6, 2011 2:43am
Another 3T entry.
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  • #14,679
  • May 6, 2011 2:47am May 6, 2011 2:47am
thx for posting....here another one, waiting for drsi to turn up....
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  • #14,680
  • May 6, 2011 2:48am May 6, 2011 2:48am
sick, so many 3taps atm, look at gbpusd...
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