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Trade What You See - Almost Naked Trading

  • #14,721
  • May 9, 2011 5:31am May 9, 2011 5:31am
Not a whole lot of movement yet.
  • #14,722
  • May 9, 2011 6:17am May 9, 2011 6:17am
Looks like this pair is continuing down, at least so far this week. I am going to add to my position.
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  • #14,723
  • May 9, 2011 6:20am May 9, 2011 6:20am
Quoting lawgirl21
BO
Out -20 pips.
  • #14,724
  • May 9, 2011 6:23am May 9, 2011 6:23am
I'm taking a new position on this 3 Tap weekly.
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  • #14,725
  • May 9, 2011 6:45am May 9, 2011 6:45am
BO
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  • #14,726
  • May 9, 2011 6:47am May 9, 2011 6:47am
If price can finally break through this support level, it is likely to continue down.
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  • #14,727
  • May 9, 2011 6:50am May 9, 2011 6:50am
A nice BO, now looking like a ZC trade.
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  • #14,728
  • May 9, 2011 6:56am May 9, 2011 6:56am
Hi LG

Missed the EURCHF but took 4H 3t on GBPCHF. Also in AUDCAD 2.5 tap
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  • #14,729
  • May 9, 2011 7:02am May 9, 2011 7:02am
Quoting spzd
This one might continue down. Currently its toying with me.

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I'm hoping so, as I have two short positions in it.
  • #14,730
  • May 9, 2011 7:13am May 9, 2011 7:13am
Hi Lawgirl,

I am new to trading and found your system which might suit me as a part time trader.
On your GBPJPY trade, there was a 1H BO trade to add on your initial weekly 3tap trade, isn't it?

Thanks for sharing your system.

Cheers
Rolandylau
.
  • #14,731
  • May 9, 2011 7:23am May 9, 2011 7:23am
OOPS.

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Click to Enlarge Name: 2011-05-09_100929.png Size: 24 KB


Last post I deleted because it had my account #.
Mark ... Everything you have been told is a LIE
  • #14,732
  • May 9, 2011 7:31am May 9, 2011 7:31am
Quoting Rolandylau
Hi Lawgirl,

I am new to trading and found your system which might suit me as a part time trader.
On your GBPJPY trade, there was a 1H BO trade to add on your initial weekly 3tap trade, isn't it?

Thanks for sharing your system.

Cheers
Rolandylau
.
Exactly right! And as a continuation of the weekly 3 Tap. Both of these situations provide a reason to add to the position.
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  • #14,733
  • May 9, 2011 9:05am May 9, 2011 9:05am
EURCHF +23 pips
GBPUSD +25 pips
EURGBP +19 pips

Good Gap Week for CC!
Enter Signature
  • #14,734
  • May 9, 2011 9:14am May 9, 2011 9:14am
lol crucialcraig, what was your stop on the EURGBP? i saw overnight it got up to 8820.. i pulled the plug at 11pm PST when the euro gained about 20 pips at the open
  • #14,735
  • May 9, 2011 10:11am May 9, 2011 10:11am
Quoting truent
lol crucialcraig, what was your stop on the EURGBP? i saw overnight it got up to 8820.. i pulled the plug at 11pm PST when the euro gained about 20 pips at the open
I also gained 20 on the EG gap. I didn't set a SL, but did set a TP because I was going to bed. I usually don't set SL on gaps because they fill over 90% of the time. Mine didn't fill until I was driving to work this morning, but atleast it did!
  • #14,736
  • May 9, 2011 10:14am May 9, 2011 10:14am
Quoting truent
lol crucialcraig, what was your stop on the EURGBP? i saw overnight it got up to 8820.. i pulled the plug at 11pm PST when the euro gained about 20 pips at the open
well a 50 pip stop would have barely covered it if you got in exactly at the open, most likely he waited for it to climb a bit higher before shorting.
  • #14,737
  • May 9, 2011 10:28am May 9, 2011 10:28am
Quoting CrucialCraig
EURCHF +23 pips
GBPUSD +25 pips
EURGBP +19 pips

Good Gap Week for CC!
Hey CC

How do you trade your gaps ? Is this something LG has in her thread somewhere? ( As I have read the entire thread ) If not can you point me to were I can get a better understanding of the the Gap Method you are using.

Thanks in advance
  • #14,738
  • May 9, 2011 10:46am May 9, 2011 10:46am
Quoting TraderinSD
Hey CC

How do you trade your gaps ? Is this something LG has in her thread somewhere? ( As I have read the entire thread ) If not can you point me to were I can get a better understanding of the the Gap Method you are using.

Thanks in advance
It's been discussed. Basically if it gaps up you sell, if it gaps down you buy. The gap needs to be large enough to cover the spread and give an acceptable return. Not all gaps close, but most do. Sometimes it takes a few hours or a day, but it's usually within the first few hours.

One thing to be aware of, is that sometimes price will move in the direction of the gap before it turns to close the gap. Taking this into cinsideration, one should not blindly enter on the gap, but should monitor price and pick a good entry.
Mark ... Everything you have been told is a LIE
  • #14,739
  • May 9, 2011 11:16am May 9, 2011 11:16am
Quoting spzd
It's been discussed. Basically if it gaps up you sell, if it gaps down you buy. The gap needs to be large enough to cover the spread and give an acceptable return. Not all gaps close, but most do. Sometimes it takes a few hours or a day, but it's usually within the first few hours.

One thing to be aware of, is that sometimes price will move in the direction of the gap before it turns to close the gap. Taking this into cinsideration, one should not blindly enter on the gap, but should monitor price and pick a good entry.
Excellent explanation and covers all there is to gap trading.
  • #14,740
  • May 9, 2011 11:26am May 9, 2011 11:26am
Quoting lawgirl21
Excellent explanation and covers all there is to gap trading.
Thank you.

Now for a question of my own. Would this be close enough to consider as a 4H 3 Tap? Not in just working on finding these things.

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Mark ... Everything you have been told is a LIE
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