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Trade What You See - Almost Naked Trading

  • #14,681
  • May 6, 2011 2:56am May 6, 2011 2:56am
Yup, I'm eyeing both GBPUSD and USDCAD.

Patience is the key now.
  • #14,682
  • May 6, 2011 2:58am May 6, 2011 2:58am
gbpcad
...
  • #14,683
  • May 6, 2011 3:10am May 6, 2011 3:10am
what do u think aboet the gbp news comming soon?
  • #14,684
  • May 6, 2011 4:10am May 6, 2011 4:10am
In case anybody else is interested to sharpen their skills in PA, you can find really good stuff here

http://www.trading-naked.com/PriceAction.htm
  • #14,685
  • May 6, 2011 4:22am May 6, 2011 4:22am
Anyone can teach me how to make the trend line i draw on live chart stay permanently on that chart?

I have tried to draw a trend line on chart but the line disapear after few second when price move. What setting need to set to make it permanent line on chart?
  • #14,686
  • May 6, 2011 5:48am May 6, 2011 5:48am
Quoting Tipico
what do u think aboet the gbp news comming soon?
Sorry, I was away for a few hours. Thankfully the GBP new just now didn't have a large impact on the GBP.

Typically when I see imminent big news like the Usd Non-Farm Employment Change later, I try to minimize my exposure to the currency. Eg. Lock in existing profits, minimize losses.
  • #14,687
  • May 6, 2011 8:29am May 6, 2011 8:29am
ZC Trade
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  • #14,688
  • May 6, 2011 8:32am May 6, 2011 8:32am
BO, now some consolidation
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  • #14,689
  • May 6, 2011 8:38am May 6, 2011 8:38am
I'm still in this trade on a weekly chart. Had a big pullback and now hopefully, it is continuing down.
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  • #14,690
  • May 6, 2011 8:42am May 6, 2011 8:42am
Consolidation on the H4 chart...resting before resuming move down?
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  • #14,691
  • May 6, 2011 9:15am May 6, 2011 9:15am
Time to look at the first 4 daily candles. Possible channel trading here
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  • #14,692
  • May 6, 2011 9:16am May 6, 2011 9:16am
Maybe another here. Countertrend, so watch them carefully...
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  • #14,693
  • Edited 10:20am May 6, 2011 10:05am | Edited 10:20am
Quoting pippete
Time to look at the first 4 daily candles. Possible channel trading here
Good, but hopefully, we can have confirmation of the RSIs on the monthly chart, as well as daily and weekly.
  • #14,694
  • May 6, 2011 10:07am May 6, 2011 10:07am
Quoting pippete
Maybe another here. Countertrend, so watch them carefully...

Again, look for higher confirmation.
  • #14,695
  • May 6, 2011 7:30pm May 6, 2011 7:30pm
Quoting lawgirl21
I'm still in this trade on a weekly chart. Had a big pullback and now hopefully, it is continuing down.
Are you still in this trade?
We trade to live not live to trade................
  • #14,696
  • May 6, 2011 10:31pm May 6, 2011 10:31pm
Quoting ovyeh
Are you still in this trade?
I am. Up about 280 pips.
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  • #14,697
  • May 7, 2011 2:22am May 7, 2011 2:22am
Quoting lawgirl21
I am. Up about 280 pips.
Excellent trade. Where is your take profit or how low do you think it will go?
We trade to live not live to trade................
  • #14,698
  • May 7, 2011 9:40am May 7, 2011 9:40am
LG, what RSIs have to be in sync for a daily, weekly, or monthly 3 tap? Thanks.
  • #14,699
  • May 7, 2011 11:35am May 7, 2011 11:35am
Quoting Fitness09
LG, what RSIs have to be in sync for a daily, weekly, or monthly 3 tap? Thanks.
I have just started taking these longer term trades seriously in the last few weeks, so I am still complying the "data", but I think weekly and monthly on a good set up and trigger.

I took my longer term trades GBPUSD, GBPJPY, CADJPY and AUDUSD, on last Monday and the weekly and monthly stayed with me all week. I will reevaluate them Sunday open and Monday of this coming week. If the RSIs are still with me, I will let them ride.

EURGBP was another pair I was in at the start of last week on a monthly chart 3 Tap long. But it "turned" and I got out with about 125 pips.
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  • #14,700
  • May 8, 2011 1:08pm May 8, 2011 1:08pm
Hi, im looking for something like...
http://img714.imageshack.us/img714/9547/aaapw.jpg
Lawgirl's Trend Display with history... Can anyone help me?
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