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Trade What You See - Almost Naked Trading

  • #16,301
  • Jun 21, 2011 3:25pm Jun 21, 2011 3:25pm
Hi guys,

I'm back - had to get out of this thread for a few days to shake off my miserable trading from last week.

Feeling ready again.

I've read some people have had more success limiting pairs to trade on the BO system. What pairs have people found the most success with? It definitely appears some pairs trend a little more during the BO timeframe while some pairs are MUCH more volatile (GBP pairs)

Thanks!

-CC
Enter Signature
  • #16,302
  • Jun 21, 2011 5:24pm Jun 21, 2011 5:24pm
Quoting CrucialCraig
Hi guys,

I'm back - had to get out of this thread for a few days to shake off my miserable trading from last week.

Feeling ready again.

I've read some people have had more success limiting pairs to trade on the BO system. What pairs have people found the most success with? It definitely appears some pairs trend a little more during the BO timeframe while some pairs are MUCH more volatile (GBP pairs)

Thanks!

-CC
Start with the majors and work your way from there - the EUR has been volatile lately as well...

EURUSD / GBPUSD / USDCHF / USDJPY / USDCAD / AUDUSD / NZDUSD

and maybe EURGBP... This seven or eight should provide PLENTY of opportunities to get in some profitable trades... Remember - there are traders making money just with one pair...

mDf
  • #16,303
  • Jun 21, 2011 8:20pm Jun 21, 2011 8:20pm
On BO watch list.
Attached Image (click to enlarge)
Click to Enlarge Name: new setup 1.gif Size: 15 KB
  • #16,304
  • Jun 21, 2011 8:21pm Jun 21, 2011 8:21pm
Watch list.
Attached Image (click to enlarge)
Click to Enlarge Name: new setup 1.gif Size: 15 KB
  • #16,305
  • Jun 21, 2011 8:23pm Jun 21, 2011 8:23pm
Watchlist.
Attached Image (click to enlarge)
Click to Enlarge Name: new setup 1.gif Size: 14 KB
  • #16,306
  • Jun 21, 2011 8:25pm Jun 21, 2011 8:25pm
On the watch "A" list.
Attached Image (click to enlarge)
Click to Enlarge Name: new setup 1.gif Size: 15 KB
  • #16,307
  • Jun 21, 2011 8:28pm Jun 21, 2011 8:28pm
Quoting lawgirl21
Watchlist.
Why is the AUDJPY on watchlist and not a trade? What has not yet made you sell it?
  • #16,308
  • Jun 21, 2011 8:32pm Jun 21, 2011 8:32pm
Hi LG,

I would appreciate it if you could keep me up to speed on what you consider valid BO entries this evening. I am going to be watching the market closely for the next couple of hours, and want to learn when we should take a BO as valid for entry.

Thanks!

-CC
Enter Signature
  • #16,309
  • Jun 21, 2011 8:40pm Jun 21, 2011 8:40pm
Quoting maestrodforex
Why is the AUDJPY o
n watchlist and not a trade? What has not yet made you sell it?
Good question. Move to the M15 chart, posted below, and notice that there has not yet been a close of a red candle below the support level. I am waiting for a close of a red candle and for the open of the next M15 candle to continue down.
Attached Image
  • #16,310
  • Jun 21, 2011 8:43pm Jun 21, 2011 8:43pm
3 minutes until the next M15 candle opens...let's see what happens.
  • #16,311
  • Jun 21, 2011 8:49pm Jun 21, 2011 8:49pm
OK...I am liking it, but will probably watch this current candle for a little while longer before going in, but each trader must make their own decision as to when and if to pull the trigger.
Attached Image (click to enlarge)
Click to Enlarge Name: new setup 1.gif Size: 11 KB
  • #16,312
  • Jun 21, 2011 8:49pm Jun 21, 2011 8:49pm
Quoting lawgirl21
Good question. Move to the M15 chart, posted below, and notice that there has not yet been a close of a red candle below the support level. I am waiting for a close of a red candle and for the open of the next M15 candle to continue down.
Don't get it - I see that the 3rd candle from the last DID close below the support level @ 84.976 and the candle closed @ 84.925. No, yes?
  • #16,313
  • Jun 21, 2011 8:53pm Jun 21, 2011 8:53pm
Quoting maestrodforex
Don't get it - I see that the 3rd candle from the last DID close below the support level @ 84.976 and the candle closed @ 84.925. No, yes?
She means a full candle (open and close) below support.
Enter Signature
  • #16,314
  • Jun 21, 2011 8:56pm Jun 21, 2011 8:56pm
Quoting CrucialCraig
She means a full candle (open and close) below support.
Okay - THAT makes perfect sense... Thanks! Learned!
  • #16,315
  • Jun 21, 2011 8:57pm Jun 21, 2011 8:57pm
I'm in the following

AUDUSD Short
EURUSD Short
USDCAD Long
EURCHF Short

I really need to work on my exits for these suckers.
Enter Signature
  • #16,316
  • Jun 21, 2011 8:59pm Jun 21, 2011 8:59pm
The higher lows on H1 over the last couple of days are making me think this pair might skyrocket north of 85.00.

I'm staying out of this pair.
Enter Signature
  • #16,317
  • Jun 21, 2011 9:04pm Jun 21, 2011 9:04pm
Quoting CrucialCraig
The higher lows on H1 over the last couple of days are making me think this pair might skyrocket north of 85.00.

I'm staying out of this pair.
My analysis fails... I am in AUDUSD

Oh well
Enter Signature
  • #16,318
  • Edited 9:20pm Jun 21, 2011 9:06pm | Edited 9:20pm
LG, do you set emergency stops? If so, what levels?

Also, when do you pull the plug if price starts reversing (like it is now)?
Enter Signature
  • #16,319
  • Jun 21, 2011 9:07pm Jun 21, 2011 9:07pm
Seems to be a lot of sideways action right now. I'm holding off for the time being.
  • #16,320
  • Jun 21, 2011 10:07pm Jun 21, 2011 10:07pm
No BO or MT trades this morning...I am in only on AUD/USD
Fall seven times, stand up Eight! #GGMU
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