Attachments: Trade What You See - Almost Naked Trading

Trade What You See - Almost Naked Trading

#14,821
May 12, 2011 9:40am May 12, 2011 9:40am

vany
| Joined Dec 2010 | Status: Trader | 43 Posts

USDCHF BO downside, i caught that

my rationale was, i saw a long bearish tail in the previous candle, and a reversal failed, while the current candle was rather bearish

#14,822
May 12, 2011 9:51am May 12, 2011 9:51am

lawgirl21
Joined Dec 2009 | Status: Trader | 6,603 Posts

Quoting jdcompute

Disliked

Was a little rough on this one. I entered once the scout lines were cleared for +28

Ignored

Great job. Look for this pair to continue down. I am in it too on a monthly 3 Tap.

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#14,823
May 12, 2011 9:54am May 12, 2011 9:54am

lawgirl21
Joined Dec 2009 | Status: Trader | 6,603 Posts

Quoting vany

Disliked

USDCHF BO downside, i caught that

my rationale was, i saw a long bearish tail in the previous candle, and a reversal failed, while the current candle was rather bearish

Ignored

I'm not seeing that trade, but if you caught pips, that's all that counts.

#14,824
May 12, 2011 10:38am May 12, 2011 10:38am

stinger007
| Joined Sep 2008 | Status: Trader | 94 Posts

Quoting lawgirl21

Disliked

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.

Ignored

Hi Lawgirl,

What’s the longest you’ve run these sort of trades for? I’ve run many long term trades, using various methods with some great success; one thing I always find is that the Swap ends up rather huge say a month or 2 into a trade, do you also find this? I’ve heard that certain brokers offer better swaps.

What do you think? Cheers, and thanks for such a great thread, love reading it

#14,825
May 12, 2011 12:11pm May 12, 2011 12:11pm

ovyeh
| Joined May 2010 | Status: When is enough really enough? | 147 Posts

Hope the trendline holds

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We trade to live not live to trade................

#14,826
May 12, 2011 12:57pm May 12, 2011 12:57pm

lawgirl21
Joined Dec 2009 | Status: Trader | 6,603 Posts

Quoting stinger007

Disliked

Hi Lawgirl,

What’s the longest you’ve run these sort of trades for? I’ve run many long term trades, using various methods with some great success; one thing I always find is that the Swap ends up rather huge say a month or 2 into a trade, do you also find this? I’ve heard that certain brokers offer better swaps.

What do you think? Cheers, and thanks for such a great thread, love reading it

Ignored

I have never held a trade for over about 4-6 weeks, but have determine that I will hold certain trades as long as the monthly direction is in my favor and I have gotten in toward the beginning of the month. I do take profits off the table though, as well as add to winning trades.

I don't concern myself with the swaps...they are what they are, I have no control over them and have no intention of shopping for a broker based on swaps. A good trade will more than make up the difference.

#14,827
May 12, 2011 12:57pm May 12, 2011 12:57pm

pippete
| Joined Oct 2010 | Status: Hey, how about F9? | 641 Posts

Early afternoon BO...

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#14,828
May 12, 2011 1:01pm May 12, 2011 1:01pm

lawgirl21
Joined Dec 2009 | Status: Trader | 6,603 Posts

Quoting ovyeh

Disliked

Hope the trendline holds

Ignored

Me too!

#14,829
May 12, 2011 1:06pm May 12, 2011 1:06pm

lawgirl21
Joined Dec 2009 | Status: Trader | 6,603 Posts

Quoting pippete

Disliked

Early afternoon BO...

Ignored

I am short this pair on a monthly 3 Tap, but may try to take pips on the BO on another account.

#14,830
May 12, 2011 1:16pm May 12, 2011 1:16pm

pippete
| Joined Oct 2010 | Status: Hey, how about F9? | 641 Posts

Quoting lawgirl21

Disliked

I am short this pair on a monthly 3 Tap, but may try to take pips on the BO on another account.

Ignored

I totally feel you, since it was a countertrend BO, I just did a quickie 20 pips, and I'm out the door. These days I try to focus on trades that go with the major (M/Wk) trends, so even if it turns on me, it eventually pops back in my favor...

#14,831
May 12, 2011 1:31pm May 12, 2011 1:31pm

jdcompute
| Commercial User | Joined Mar 2008 | 782 Posts

Got in on this one for +27

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#14,832
May 12, 2011 1:33pm May 12, 2011 1:33pm

lawgirl21
Joined Dec 2009 | Status: Trader | 6,603 Posts

Quoting pippete

Disliked

I totally feel you, since it was a countertrend BO, I just did a quickie 20 pips, and I'm out the door. These days I try to focus on trades that go with the major (M/Wk) trends, so even if it turns on me, it eventually pops back in my favor...

Ignored

That is what I am doing too and I have at least tripled my "take", although it is scary at times. But the monthly/weekly directions are so powerful, they usually don't disappoint.

#14,833
May 12, 2011 1:38pm May 12, 2011 1:38pm