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Trade What You See - Almost Naked Trading

  • #14,801
  • May 11, 2011 10:53am May 11, 2011 10:53am
Playing the retrace, using the same 2 resistance points
from the London session (now as supports)
targeting 1.6412

http://img38.imageshack.us/img38/8610/80887711.png

wow... that was quick... I'm out.

http://img857.imageshack.us/img857/8766/92445996.png
"You Never Know.....Until You Find Out."
  • #14,802
  • May 11, 2011 11:10am May 11, 2011 11:10am
This week, I have spent maybe a total of 5 or 6 hours in front of the screen since Sunday night vs. 5 or 6 hours a day like I usually do. I have taken a lot less trades than I normally do, and they have been only 3 tap on the 4H candles with one gap trade on Sunday. No BO, no 3 tap on higher TF, ONLY 3 Taps on 4H and one gap trade. I have made over 150 pips with only 1 negative trade. Maybe this is a sign that spending too much time watching the market was getting me in to trouble. The market will always be there, setups, triggers, and opportunities will always be there. Maybe when my wife told me not to be greedy, it really struck a cord. Any way you look at it, this is a very successful week so far. Good luck to everyone else the rest of the week.
  • #14,803
  • May 11, 2011 11:15am May 11, 2011 11:15am
Quoting Fitness09
This week, I have spent maybe a total of 5 or 6 hours in front of the screen since Sunday night vs. 5 or 6 hours a day like I usually do. I have taken a lot less trades than I normally do, and they have been only 3 tap on the 4H candles with one gap trade on Sunday. No BO, no 3 tap on higher TF, ONLY 3 Taps on 4H and one gap trade. I have made over 150 pips with only 1 negative trade. Maybe this is a sign that spending too much time watching the market was getting me in to trouble. The market will always be there, setups, triggers, and opportunities...
Congrats! I'm up to around +100 so far and plan to shut 'er down at +150 for the week. I'm going through a similar phase as you right now, spending too much time in front of the charts these days. I'm streamlining my basket down to 1 or 2 pairs that I watch. A lot less stress so far :-)
  • #14,804
  • May 11, 2011 11:19am May 11, 2011 11:19am
Quoting jdcompute
Congrats! I'm up to around +100 so far and plan to shut 'er down at +150 for the week. I'm going through a similar phase as you right now, spending too much time in front of the charts these days. I'm streamlining my basket down to 1 or 2 pairs that I watch. A lot less stress so far :-)
Wow that is great! You are right about being a lot less stressed. I used to chase a lot of trades, but you truly never know what the market will do. Now I just go with the high percentage trades where I have the edge (3tap). Good luck the rest of the week.
  • #14,805
  • May 11, 2011 12:39pm May 11, 2011 12:39pm
Okay..+35 on this one. I took the sell. I was too late on the trip up. Almost to my week's goal.
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  • #14,806
  • May 11, 2011 1:48pm May 11, 2011 1:48pm
Quoting jdcompute
I was in on the move up..bagged a good number of pips on this one.
Terrific trading. I was happy to see price headed down again after the retrace.
  • #14,807
  • May 11, 2011 2:33pm May 11, 2011 2:33pm
Quoting goldenequity
Playing the retrace, using the same 2 resistance points
from the London session (now as supports)
targeting 1.6412

http://img38.imageshack.us/img38/8610/80887711.png

wow... that was quick... I'm out.

http://img857.imageshack.us/img857/8766/92445996.png
Great trading by all of you Golden,JD & Fitness
  • #14,808
  • May 11, 2011 2:46pm May 11, 2011 2:46pm
Quoting gasservettes
Great trading by all of you Golden,JD & Fitness
Thanks for the compliment!
  • #14,809
  • May 11, 2011 9:03pm May 11, 2011 9:03pm
Heading down again.
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  • #14,810
  • May 11, 2011 9:06pm May 11, 2011 9:06pm
ZC
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  • #14,811
  • May 11, 2011 9:08pm May 11, 2011 9:08pm
Nice BO
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  • #14,812
  • May 11, 2011 9:10pm May 11, 2011 9:10pm
I'm hoping it continues down after this retrace.
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  • #14,813
  • May 11, 2011 9:12pm May 11, 2011 9:12pm
Textbook ZC setting up. On my watch list to get in when continuation gets underway.
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  • #14,814
  • Edited 5:46am May 12, 2011 5:23am | Edited 5:46am
I anticipate The cable is beginning it's retracement. 6:25am EST
stops in place.

http://img811.imageshack.us/img811/2369/63650582.png

a little dicey.... looking to see if resistance holds at 1.6246....
looking bearish by the minute.... LawGirl has a short position on long term monthly which is looking VERY good.
"You Never Know.....Until You Find Out."
  • #14,815
  • May 12, 2011 8:47am May 12, 2011 8:47am
Quoting goldenequity
I anticipate The cable is beginning it's retracement. 6:25am EST
stops in place.

http://img811.imageshack.us/img811/2369/63650582.png

a little dicey.... looking to see if resistance holds at 1.6246....
looking bearish by the minute.... LawGirl has a short position on long term monthly which is looking VERY good.
Yes, I actually have 3 positions in this pair now, one up 145, one up 135 and the last up 75, But they were all negative just as much over the last few days.
  • #14,816
  • May 12, 2011 8:58am May 12, 2011 8:58am
3 Tap Weekly
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  • #14,817
  • May 12, 2011 9:03am May 12, 2011 9:03am
Monthly chart.
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Click to Enlarge Name: sun.gif Size: 15 KB
  • #14,818
  • May 12, 2011 9:09am May 12, 2011 9:09am
When do you plan to enter LG? Has it already moved too far for entry? Or since all the RSI look good would you enter now?


Quoting lawgirl21
3 Tap Weekly
  • #14,819
  • May 12, 2011 9:23am May 12, 2011 9:23am
Quoting Pirabuji
When do you plan to enter LG? Has it already moved too far for entry? Or since all the RSI look good would you enter now?
I actually entered it a few minutes ago, but on the monthly chart. I don't believe price can go anywhere but down in the big picture, as it is at all time highs on the monthly.

I chose the monthly over the weekly because it is so late in the trading week, yet we are barely half way through the trading month, so I believe there is room for movement the rest of the month, although no doubt it will be a rocky ride.
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  • #14,820
  • May 12, 2011 9:36am May 12, 2011 9:36am
Was a little rough on this one. I entered once the scout lines were cleared for +28
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