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Trade What You See - Almost Naked Trading

  • #15,781
  • Jun 7, 2011 8:33pm Jun 7, 2011 8:33pm
In short on both. AUDNZD is still alive, but hanging around BE for a while now.
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  • #15,782
  • Jun 7, 2011 8:49pm Jun 7, 2011 8:49pm
EURAUD and USDJPY. Keep an eye out!
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  • #15,783
  • Jun 7, 2011 9:06pm Jun 7, 2011 9:06pm
Getting some awesome JPY movement for some of these new MoneyTree trades

Lets hope it keeps up, I'm craving the growth of a new tree or two.
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  • #15,784
  • Jun 7, 2011 9:10pm Jun 7, 2011 9:10pm
Quoting CrucialCraig
Getting some awesome JPY movement for some of these new MoneyTree trades

Lets hope it keeps up, I'm craving the growth of a new tree or two.
Yeah, I'm in 7 MT trades, up +180 so far... Hope it keeps up...
  • #15,785
  • Jun 7, 2011 9:11pm Jun 7, 2011 9:11pm
Too many pairs to post now...everything seems to have taken off.
  • #15,786
  • Jun 7, 2011 9:11pm Jun 7, 2011 9:11pm
Quoting pippete
Yeah, I'm in 7 MT trades, up +180 so far... Hope it keeps up...

which 7?
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  • #15,787
  • Jun 7, 2011 9:14pm Jun 7, 2011 9:14pm
Starting to regret shorting USDJPY. Check out that resistance @ 80.000!!!
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  • #15,788
  • Jun 7, 2011 9:16pm Jun 7, 2011 9:16pm
My top trades at the moment.
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  • #15,789
  • Jun 7, 2011 9:21pm Jun 7, 2011 9:21pm
Hi, all. I think we need to be careful here with the Yen. The BOJ may intervene if the Yen gets too strong. They often sell Yen and buy USD.
  • #15,790
  • Jun 7, 2011 9:26pm Jun 7, 2011 9:26pm
Quoting pippete
Yeah, I'm in 7 MT trades, up +180 so far... Hope it keeps up...
What am I missing? I am only in two MT trades. aud/jpy and eur/aud
  • #15,791
  • Jun 7, 2011 9:46pm Jun 7, 2011 9:46pm
Quoting CrucialCraig
which 7?
A/u, aj, acad, eau, gj, ej, nj.
Oh, and I forgot.. Eurgbp/eurcad from 2 days ago...these 2 are up +520..
Nice, but I did lose a ton on other MT trades entered too early...
  • #15,792
  • Jun 7, 2011 10:07pm Jun 7, 2011 10:07pm
Quoting CrucialCraig
which 7?
And CC, thanks for the detailed explanation earlier. Very helpful.
  • #15,793
  • Jun 7, 2011 10:24pm Jun 7, 2011 10:24pm
Quoting pippete
And CC, thanks for the detailed explanation earlier. Very helpful.
NP. Hope it helps. These MT trades are turning for the worse!
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  • #15,794
  • Jun 7, 2011 11:28pm Jun 7, 2011 11:28pm
Added a branch! Still not convinced it's a valid tree yet.

LG, didn't you say once you don't add a branch until you move the initial trade to BE? If so, what's your reasoning behind that? Also, do you have a +XX pip # you've chosen as as point when you move your SL to BE?

Thanks.
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  • #15,795
  • Jun 8, 2011 12:37am Jun 8, 2011 12:37am
Bad night for MoneyTree trading! Better luck tomorrow hopefully!
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  • #15,796
  • Jun 8, 2011 6:48am Jun 8, 2011 6:48am
Hi LG / other experienced Traders

I am now using a mix of 3 Tap and Money tree, and I am thinking that If the money tree is a longer term trade to catch bigger swings/ trends , then taking profit or moving stops quicker with the 3 tap might be a good idea.

I have had 3 tap trades go to just over 50pts so I moved to BE the they retraced back, they could have paid for the failed MT trades !!

any ideas ?
  • #15,797
  • Jun 8, 2011 8:41am Jun 8, 2011 8:41am
I found no "pretty" BOs during London session.
  • #15,798
  • Jun 8, 2011 9:09am Jun 8, 2011 9:09am
3 Tap
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  • #15,799
  • Jun 8, 2011 9:20am Jun 8, 2011 9:20am
Quoting eltax100
3 Tap
Yes, it is. I'm in this pair on a daily chart.
  • #15,800
  • Jun 8, 2011 9:24am Jun 8, 2011 9:24am
Quoting eltax100
Hi LG / other experienced Traders

I am now using a mix of 3 Tap and Money tree, and I am thinking that If the money tree is a longer term trade to catch bigger swings/ trends , then taking profit or moving stops quicker with the 3 tap might be a good idea.

I have had 3 tap trades go to just over 50pts so I moved to BE the they retraced back, they could have paid for the failed MT trades !!

any ideas ?
A mix of 3 Tap, MT, and BOs is what I was hoping everyone would use, after seeing the connections between the setups. 3 Tap and BOs are a great way to add a branch too. I'm not sure how you would use 3 Taps to take profit, if the purpose is to add branches of trending pairs.
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