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Trade What You See - Almost Naked Trading

  • #16,141
  • Jun 15, 2011 11:44pm Jun 15, 2011 11:44pm
Short Short Short!
Enter Signature
  • #16,142
  • Jun 15, 2011 11:48pm Jun 15, 2011 11:48pm
Quoting FX_California
LG:

You are great as always!!! Would you please elaborate little bit about your profit taking strategies? If next day, you are still getting the same signal, do you move your SL to BE or to a higher level of profit? I beleive you check the RSI signal only once at the opening of your day as it's a daily system. I was using 100 SL and it was good for few days but it was a big loss yesterday (demo). I am planning to change it again to 30 pips. Thanks in advance for your response.

-FX_California
It is never wrong to take profit, FXC. Taking profit is a very personal thing and must be determine by the individual. If one loses sleep over open trades, they they should probably be a day trader and close trades before bedtime. There is absolutely nothing wrong with that.

I am trying to take half profit off the table when a pair is up around 200 pips. But I don't want to totally close the trade because that defeats the purpose of the multiple branches.

100 pip SL is certainly not unreasonable on a daily chart, but for the MT strategy, you would not take as many trades (send out as many probes).

If the signals are the same the next day, I would look to adding a branch, ast that is exactly what we are looking for. I also like to add a branch when there is a H1 4C BO, or a 3 Tap.
  • #16,143
  • Jun 15, 2011 11:49pm Jun 15, 2011 11:49pm
Quoting CrucialCraig
Short Short Short!
Added branch, added branch, added branch!
  • #16,144
  • Jun 15, 2011 11:52pm Jun 15, 2011 11:52pm
Add a branch here too, if in already. Wow.
Attached Image
  • #16,145
  • Jun 15, 2011 11:53pm Jun 15, 2011 11:53pm
3 tap 4 h for eur/nzd:
Attached Image (click to enlarge)
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  • #16,146
  • Jun 15, 2011 11:55pm Jun 15, 2011 11:55pm
Nice BOs all over the place...wonder what, if anything, happened?

BOs are great opportunities to add branches.
  • #16,147
  • Jun 15, 2011 11:57pm Jun 15, 2011 11:57pm
Added orders on to both suggestions: EUR/USD sell and NZD/USD sell.
Check EUR/CAD as well. Seems to have really exploded.
  • #16,148
  • Jun 16, 2011 12:00am Jun 16, 2011 12:00am
Quoting lawgirl21
Add a branch here too, if in already. Wow.

Added branch and collected one.
  • #16,149
  • Jun 16, 2011 12:00am Jun 16, 2011 12:00am
gbp/nzd still looking good. a bit choppy pair.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd.gif Size: 23 KB
Click to Enlarge Name: gbpnzdneu.gif Size: 23 KB
  • #16,150
  • Jun 16, 2011 12:13am Jun 16, 2011 12:13am
New positions for this evening (so far)

AUDNZD
NZDUSD
EURGBP
EURJPY
EURUSD

So far combining for a spectacular.....





-75 pips Let's hope for some better results tonight.
Enter Signature
  • #16,151
  • Jun 16, 2011 12:16am Jun 16, 2011 12:16am
NZD/USD is the bugger right now!!

How do you add up your pips so quickly?
  • #16,152
  • Jun 16, 2011 12:23am Jun 16, 2011 12:23am
Quoting JusticeFX
NZD/USD is the bugger right now!!

How do you add up your pips so quickly?
Those are just estimates, added em up in my head.
Enter Signature
  • #16,153
  • Jun 16, 2011 12:47am Jun 16, 2011 12:47am
All my entries tonight are positive so far.

nzd/usd +92
eur/cad +71
eur/gbp +74
eur/aud +7

Added a few branches to eur/cad and eur/gbp Missed some opportunites because I could not get to the computer for a while. So far though tonight is becoming a big winner.
  • #16,154
  • Jun 16, 2011 2:17am Jun 16, 2011 2:17am
MT, BO and 3T H4 Trade...
Attached Image (click to enlarge)
Click to Enlarge Name: trenddisplay.gif Size: 19 KB
There`s no life before COFFEE!
  • #16,155
  • Jun 16, 2011 2:46am Jun 16, 2011 2:46am
Hi everybody. I wonder something. If you were able to find an answer to his question please help me too.

My time is GMT+2 in here. At what hour should I start to open trades if I see the signal? Is there an optimum time that you experienced? I think there should be but dont know what it is.

Thank you.
Demand is not one wants, but what one can pay for
  • #16,156
  • Jun 16, 2011 2:48am Jun 16, 2011 2:48am
Quoting jalkok
MT, BO and 3T H4 Trade...

that cant fail then, good luck
  • #16,157
  • Edited 6:47am Jun 16, 2011 4:32am | Edited 6:47am
Quoting eltax100
that cant fail then, good luck
Thank you...Still in there + 51 pips
There`s no life before COFFEE!
  • #16,158
  • Jun 16, 2011 7:16am Jun 16, 2011 7:16am
Nice BO


Plan is to take half profit at a point, then move SL to BE then let it run as a MT
Attached Image
  • #16,159
  • Jun 16, 2011 8:51am Jun 16, 2011 8:51am
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: sun.gif Size: 19 KB
  • #16,160
  • Jun 16, 2011 9:39am Jun 16, 2011 9:39am
Quoting roterio
Hi everybody. I wonder something. If you were able to find an answer to his question please help me too.

My time is GMT+2 in here. At what hour should I start to open trades if I see the signal? Is there an optimum time that you experienced? I think there should be but dont know what it is.

Thank you.

Hi LG, can you give an idea about my question? Thank you.
Demand is not one wants, but what one can pay for
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