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Trade What You See - Almost Naked Trading

  • #16,261
  • Jun 20, 2011 9:41am Jun 20, 2011 9:41am
Quoting stinger007
Hi GB

Ive been trading this live (with this system) for 6 months and made over 2000 pips profit, so it does work, you just need to make sure you dont take every brakeout as they can turn on you.

Im in the UK, and always used to take a BO around 7am GMT, only to find out the trade would turn. Now I never take a BO untill after the 9am Candle close, just to make sure it isnt going to turn, yeah you may leave a few pips on the table, but this will keep you out of a lot of bad trades.

.......and if you really want to try your luck, you could trade...
Hiya Stinger,

Thank's very much for your response and info. Much appreciated. I'm just demo trading at the mo', but i take your point about being careful, and have taken note of those times.

Happy trading to you,

Greg.
'Fail to plan, plan to fail'
  • #16,262
  • Jun 20, 2011 9:44am Jun 20, 2011 9:44am
Quoting stinger007
Hi GB

Ive been trading this live (with this system) for 6 months and made over 2000 pips profit, so it does work, you just need to make sure you dont take every brakeout as they can turn on you.

Im in the UK, and always used to take a BO around 7am GMT, only to find out the trade would turn. Now I never take a BO untill after the 9am Candle close, just to make sure it isnt going to turn, yeah you may leave a few pips on the table, but this will keep you out of a lot of bad trades.

.......and if you really want to try your luck, you could trade...


HI Stinger

Congratulations on making it work, can I ask on your BO do you set a TP in advance ??
  • #16,263
  • Jun 20, 2011 9:51am Jun 20, 2011 9:51am
Quoting stinger007
Hi GB

Ive been trading this live (with this system) for 6 months and made over 2000 pips profit, so it does work, you just need to make sure you dont take every brakeout as they can turn on you.

Im in the UK, and always used to take a BO around 7am GMT, only to find out the trade would turn. Now I never take a BO untill after the 9am Candle close, just to make sure it isnt going to turn, yeah you may leave a few pips on the table, but this will keep you out of a lot of bad trades.

.......and if you really want to try your luck, you could trade...
Thanks for reporting your success, stinger. 2000 pips over 6 months..if full contract, that's almost giving up your day job success.

It's good that you have found what entry times work for you. Everyone must do that for themselves.

Great work, keep it up and report in from time to time.
Rebecca
  • #16,264
  • Jun 20, 2011 9:56am Jun 20, 2011 9:56am
Quoting eltax100

HI Stinger

Congratulations on making it work, can I ask on your BO do you set a TP in advance ??
cheers mate main thing Ive learnt it to stick to the rules and not take silly trades..


No TP and just a hard 200 SL for those interesting days Once im in a a Trade I let it run untill 11-12pm GMT then close out, I have found that most of the move happens by 7-8pm and then it starts to stallout or reverse a little, so this is somthing I may look at changing next year.
  • #16,265
  • Jun 20, 2011 10:01am Jun 20, 2011 10:01am
OK,

thanks for the reply, that sounds interesting

  • #16,266
  • Jun 20, 2011 10:01am Jun 20, 2011 10:01am
As a new fella on the scene, way down here where the crocodiles roam,
I note that yep, you've got to take note of the 'hot spot' active trading times wherever that is for you. The whole thing is bloody facinating to me.
'Fail to plan, plan to fail'
  • #16,267
  • Jun 20, 2011 10:21am Jun 20, 2011 10:21am
"you've got to take note of the 'hot spot' active trading times wherever that is for you."

I have never stated that better or heard it stated better. Exactly right....may I use that quote?
  • #16,268
  • Jun 20, 2011 10:24am Jun 20, 2011 10:24am
Quoting lawgirl21
"you've got to take note of the 'hot spot' active trading times wherever that is for you."

I have never stated that better or heard it stated better. Exactly right....may I use that quote?
Only if you come crocodile hunting.







(and i would never hurt a croc)
'Fail to plan, plan to fail'
  • #16,269
  • Jun 20, 2011 10:39am Jun 20, 2011 10:39am
Quoting Guitarbloke
Only if you come crocodile hunting.

(and i would never hurt a croc)
I cannot...can you...really?
  • #16,270
  • Jun 20, 2011 10:45am Jun 20, 2011 10:45am
Yep, but we only hunt the 'rogue' croc's that have been hasseled, by, sadly, human development/expansion, and catch them to transport them to safer water's. They are beautiful animals, and almost as facinating as Forex, and this thread.
'Fail to plan, plan to fail'
  • #16,271
  • Jun 20, 2011 10:58am Jun 20, 2011 10:58am
New candle here.
'Fail to plan, plan to fail'
  • #16,272
  • Jun 20, 2011 11:32am Jun 20, 2011 11:32am
Quoting Guitarbloke
Eur/jpy. Still life in it? Cross referenceing the 15M.
Stepped out for a bit. Yes I'm still in it. I took half for 41 pips and the other half letting run for now.
  • #16,273
  • Jun 20, 2011 11:44am Jun 20, 2011 11:44am
Quoting airbeat
Stepped out for a bit. Yes I'm still in it. I took half for 41 pips and the other half letting run for now.
Cool Air,

I jumped in and out for a conservative 15 and 10 ish pip's.

Bravo, and best wishes.

G.
'Fail to plan, plan to fail'
  • #16,274
  • Jun 20, 2011 11:44am Jun 20, 2011 11:44am
BO retraced to the 200 EMA. Might be good for another short. Watching PA on the 15 min chart.
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  • #16,275
  • Jun 20, 2011 6:59pm Jun 20, 2011 6:59pm
I added a position to this trade today.
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  • #16,276
  • Jun 20, 2011 9:54pm Jun 20, 2011 9:54pm
H1 4C BO
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  • #16,277
  • Jun 20, 2011 9:56pm Jun 20, 2011 9:56pm
Chart
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  • #16,278
  • Jun 20, 2011 9:58pm Jun 20, 2011 9:58pm
Chart
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  • #16,279
  • Jun 20, 2011 10:00pm Jun 20, 2011 10:00pm
Chart
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  • #16,280
  • Jun 21, 2011 4:32am Jun 21, 2011 4:32am
Quoting lawgirl21
Thanks for reporting your success, stinger. 2000 pips over 6 months..if full contract, that's almost giving up your day job success.

It's good that you have found what entry times work for you. Everyone must do that for themselves.

Great work, keep it up and report in from time to time.
Rebecca
Thanks Rebecca

Yeah its not a bad start, gonna stick to my plan and see what the next 6 bring. took 3 years of bouncing around trying every trading style under the sun, blowing accounts and then finding this thread to finally start to make a profit (So thanks for that) As Ive said in other posts, I only trade three pairs now as the core to my trading, thats helped a lot

You know somtimes I dont take a trade for 2 days now, just waiting for the move, thats somthing I could never do even a year ago

Oh and spending my saturday nights pressing F12 on MT4 looking at old charts.....not every saturday though as that would be just plan nuts LOL
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