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Trade What You See - Almost Naked Trading

  • #14,761
  • May 10, 2011 8:51am May 10, 2011 8:51am
Hi everyone... good to see this thread
continuing to thrive... excellence and integrity here.
(and kindness, patience) NICE.

Lots of short signals on the cable.

http://img718.imageshack.us/img718/9224/28810443.png

http://img585.imageshack.us/img585/3286/23555834.png

http://img821.imageshack.us/img821/9485/channelu.png
http://img716.imageshack.us/img716/8743/channel.png
"You Never Know.....Until You Find Out."
  • #14,762
  • May 10, 2011 9:00am May 10, 2011 9:00am
I've been practising your trading methods for a few months and have recently started real trading again… just wanted to say hi and thank you for sharing your knowledge.

This thread is great… the methods work and make trading a lot more fun.
  • #14,763
  • May 10, 2011 9:07am May 10, 2011 9:07am
Quoting goldenequity
Hi everyone... good to see this thread
continuing to thrive... excellence and integrity here.
(and kindness, patience) NICE.

Lots of short signals on the cable.

http://img718.imageshack.us/img718/9224/28810443.png

http://img585.imageshack.us/img585/3286/23555834.png

http://img821.imageshack.us/img821/9485/channelu.png
http://img716.imageshack.us/img716/8743/channel.png
Good to hear from you. I have missed you and wondered how you were doing.

I have been in GU short since last week on the monthly chart with the change of the monthly candle. I'm hoping there is a nice long ride down.
  • #14,764
  • May 10, 2011 9:15am May 10, 2011 9:15am
Quoting goldenequity
Hi everyone... good to see this thread
continuing to thrive... excellence and integrity here.
(and kindness, patience) NICE.

Lots of short signals on the cable.

http://img718.imageshack.us/img718/9224/28810443.png

http://img585.imageshack.us/img585/3286/23555834.png

http://img821.imageshack.us/img821/9485/channelu.png
http://img716.imageshack.us/img716/8743/channel.png
Price is struggling to go down. I wonder where is your stop? Or what is your plan B?

Personally I'm having difficulty to spot setups. Not really liking PA this week.

Cheers
  • #14,765
  • May 10, 2011 9:15am May 10, 2011 9:15am
Quoting lawgirl21
A run up, several hours of consolidation, now looks to be heading down.
What a difference a few minutes make...
Attached Image
  • #14,766
  • May 10, 2011 9:32am May 10, 2011 9:32am
Excellent thread Lawgirl and thank you for taking the effort to teach all of us here..I have been testing it on demo for few weeks and now on a live trade. I went short on this pair and at one point it was 100 plus pips but now back to minus. Do you recomend closing this trade since most the RSI indication is showing as 'UP'
  • #14,767
  • May 10, 2011 9:39am May 10, 2011 9:39am
Quote
Good to hear from you. I have missed you and wondered how you were doing.
Thank you... family/father/legal/grieving matters are resolved now...
time to get back to business. I love trading... it is always 'there'...
you can pick it back up anytime you are 'ready'... it has no 'memory'.. no baggage
if you know what I mean... it's READY (when you are).
Quote
Price is struggling to go down. I wonder where is your stop? Or what is your plan B?

Personally I'm having difficulty to spot setups. Not really liking PA this week.
yes... we are in a pause/consolidation
but
within a nice looking 1 hr channel.
I took profit at the 1 hr candle change.
my stop was 10 pips above the lower line box (magenta).

I will jump back in (short) if we tap the channel again.
The price action should be watched on the 15M following another channel tap....
otherwise...
I'm sitting tight (again) watching the 15M...
and yes...
the PA is 'struggling'... but the Trend is your..... (yunno )
"You Never Know.....Until You Find Out."
  • #14,768
  • May 10, 2011 9:52am May 10, 2011 9:52am
Lawgirl, is the a 3 Tap?
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.JPG Size: 43 KB
  • #14,769
  • May 10, 2011 9:55am May 10, 2011 9:55am
Hi LG Do you ever use Ma `s on your charts ?!
  • #14,770
  • May 10, 2011 10:08am May 10, 2011 10:08am
Quoting rabhni
Excellent thread Lawgirl and thank you for taking the effort to teach all of us here..I have been testing it on demo for few weeks and now on a live trade. I went short on this pair and at one point it was 100 plus pips but now back to minus. Do you recomend closing this trade since most the RSI indication is showing as 'UP'

Thanks for the kind words, rabhni.

It depends on how you entered this trade. I am in it short since last week on a monthly chart, took half my profit off the table and am stll up about 90 pips. I am going to stay on this horse until it bucks me off...meaning as long as the monthly direction is still on my side...I am going to remain in the trade.

If you entered on another chart timeframe, you may want to consider an exit. You will have to decide. But that is why is it important to understand why we enter each trade and on what timeframe... as a H1 BO, for example, is quite different from a 3 Tap on a monthly chart and expectations must be very different.

Below is the chart I am following for my trade here.
Attached Image
  • #14,771
  • May 10, 2011 10:11am May 10, 2011 10:11am
Quoting dct
Hi LG Do you ever use Ma `s on your charts ?!
I have started using the 200EMA for my longer term trades to help confirm the big picture. Check out the CADJPY chart above.
  • #14,772
  • May 10, 2011 10:17am May 10, 2011 10:17am
Here is a trade I am currently taking a beating on, but will stay in as long as the monthly RSI is on my side.
Attached Image
  • #14,773
  • May 10, 2011 10:20am May 10, 2011 10:20am
Thanks Lg i did see that after my post !
  • #14,774
  • May 10, 2011 10:29am May 10, 2011 10:29am
If you are not in this trade already, you may want to look for an entry.
I have added to my position on a H4 3 Tap setup and trigger.
Attached Image (click to enlarge)
Click to Enlarge Name: sun.gif Size: 15 KB
  • #14,775
  • May 10, 2011 10:30am May 10, 2011 10:30am
Thanks Lawgirl. I will look for a good exit.
  • #14,776
  • May 10, 2011 11:24am May 10, 2011 11:24am
Hey Peeps, this morning was perfect for channeling.. One of the few pairs that had nice channels - EURUSD
Attached Image
  • #14,777
  • May 10, 2011 12:26pm May 10, 2011 12:26pm
BO after a short consolidation...
Attached Image
  • #14,778
  • Edited 6:18pm May 10, 2011 2:14pm | Edited 6:18pm
up +31 on this so far.

EDIT: closed this one out for +50
Attached Image
  • #14,779
  • May 10, 2011 4:13pm May 10, 2011 4:13pm
Lots said lately about the Cable... Anyone with me on this nice little downchannel trade? Was looking for an entry, LG, would this be a valid one? 4H 3tap and daily 3Tap...
Attached Image
  • #14,780
  • May 10, 2011 4:21pm May 10, 2011 4:21pm
Quoting pippete
Lots said lately about the Cable... Anyone with me on this nice little downchannel trade? Was looking for an entry, LG, would this be a valid one? 4H 3tap and daily 3Tap...
I think it is stalling now. I would wait until it starts moving again.
Attached Image
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