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Trade What You See - Almost Naked Trading

  • #16,381
  • Jun 23, 2011 8:04am Jun 23, 2011 8:04am
I will likely be adding a position to this pair.
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  • #16,382
  • Jun 23, 2011 8:06am Jun 23, 2011 8:06am
I hope to add another position to this pair today.
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  • #16,383
  • Jun 23, 2011 8:14am Jun 23, 2011 8:14am
Quoting lawgirl21
Very nice BO.
thankfully i caught this one, thanks - now +180 , struggling with in-trade management - whether to take profit, or let it run, have set 60 -pip trailing stop loss to avoid retracements - any comments anyone?
  • #16,384
  • Jun 23, 2011 8:27am Jun 23, 2011 8:27am
Quoting dimlat
thankfully i caught this one, thanks - now +180 , struggling with in-trade management - whether to take profit, or let it run, have set 60 -pip trailing stop loss to avoid retracements - any comments anyone?
EURUSD
Just a suggestion: Take half of it, move the other half to BE and let it ride. Add another full position if there is another BO and the second half of the position is still alive tomorrow. Then you will have a MoneyTree situation.
  • #16,385
  • Jun 23, 2011 8:37am Jun 23, 2011 8:37am
Quoting lawgirl21
EURUSD
Just a suggestion: Take half of it, move the other half to BE and let it ride. Add another full position if there is another BO and the second half of the position is still alive tomorrow. Then you will have a MoneyTree situation.
sage advice, as ever - tx a million
  • #16,386
  • Jun 23, 2011 8:37am Jun 23, 2011 8:37am
Things are really pipping this morning...hope everyone is bringing them in. But then, Thursday is usually our best trading day.
  • #16,387
  • Jun 23, 2011 8:42am Jun 23, 2011 8:42am
This pair has had over a 300 pip move down in the past few days. Hope you guys grabbed at least some of that move. I missed most of it.
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  • #16,388
  • Jun 23, 2011 8:44am Jun 23, 2011 8:44am
Quoting dimlat
thankfully i caught this one, thanks - now +180 , struggling with in-trade management - whether to take profit, or let it run, have set 60 -pip trailing stop loss to avoid retracements - any comments anyone?
I agree, where we will put the TP?
"Trade Until I Come Back" Luke
  • #16,389
  • Jun 23, 2011 9:08am Jun 23, 2011 9:08am
Quoting superpipo
I agree, where we will put the TP?
That I can't/won't say...every trader has to make that decision for themselves. But we always talk about reasonable R/S levels.
  • #16,390
  • Edited 9:32am Jun 23, 2011 9:18am | Edited 9:32am
Hi everyone,

Not a great trading day here. Got onto a few, but i reckon i need to get my synchronization set and in tune with when the markets are most active for me, as i was a bit late for a few trades it seems, using the 1H 4C BO. Getting my head around it slowly. I thank the gods for demo trading platforms!

Edit: However, (off to bed here for me) i am leaving 6 trades open overnight, so they might all turn around by morning. I'm sure i'm trading with the trend, so we'll see.

Currently short on - A/C, N/C, (both 30 pips down at the moment) A/U, E/G, G/C. Long on C/J. Only up 8 pips on Eur/GBP.

Happy trading folk's.
'Fail to plan, plan to fail'
  • #16,391
  • Jun 23, 2011 9:42am Jun 23, 2011 9:42am
Quoting lawgirl21
Things are really pipping this morning...hope everyone is bringing them in. But then, Thursday is usually our best trading day.
I missed all the good trades today! Had to do some other things and when I logged on couldn't believe all the good BO's that started in London and just kept rolling.

Congrats to all who scored big today. LG your charts are awesome!

I am only holding a usd/jpy long from last night. Not very productive at the moment +9
  • #16,392
  • Jun 23, 2011 2:26pm Jun 23, 2011 2:26pm
More MT losses for me. Down about 150 pips since getting back on the wagon yesterday. Still have some open trades that are in profit though, but total net difference is -150.

Bleh.
Enter Signature
  • #16,393
  • Jun 23, 2011 3:08pm Jun 23, 2011 3:08pm
Quoting CrucialCraig
More MT losses for me. Down about 150 pips since getting back on the wagon yesterday. Still have some open trades that are in profit though, but total net difference is -150.

Bleh.
Take time off from the MT trades for awhile. There are plenty of pips to grab from the H1 BOs.
  • #16,394
  • Jun 23, 2011 4:25pm Jun 23, 2011 4:25pm
Quoting lawgirl21
Take time off from the MT trades for awhile. There are plenty of pips to grab from the H1 BOs.
I started looking at MT trades and BO trades as individual setups but now
I am starting with BO Trades and finding them perfect entries for possibly continuing as an MT trade. If it doesn't set up that way, then I take my profit off the table and move on. No need to look for just one or the other.

It simplifies things for me and I think while I may miss that "big" move there is also a decent chance I will not.

I believe LG has indicated that these are all inter-related and work better in conjunction with each other rather than as separate trading systems.

Am I correct in my thinking there LG?
  • #16,395
  • Jun 23, 2011 6:05pm Jun 23, 2011 6:05pm
Quoting airbeat
i started looking at mt trades and bo trades as individual setups but now
i am starting with bo trades and finding them perfect entries for possibly continuing as an mt trade. If it doesn't set up that way, then i take my profit off the table and move on. No need to look for just one or the other.

It simplifies things for me and i think while i may miss that "big" move there is also a decent chance i will not.

I believe lg has indicated that these are all inter-related and work better in conjunction with each other rather than as separate...

That is exactly what i have been talking about. They are not really isolated trades....you are the first trader here to make this connection!
  • #16,396
  • Jun 23, 2011 7:32pm Jun 23, 2011 7:32pm
Sorry to ask this, but having followed this thread for several months I've for some reason missed the meaning of "MT". And now having exhausted myself searching for original use of "MT" in this thread . . . please, refresh my memory here.

Thanks
  • #16,397
  • Jun 23, 2011 7:39pm Jun 23, 2011 7:39pm
Quoting oeden
Sorry to ask this, but having followed this thread for several months I've for some reason missed the meaning of "MT". And now having exhausted myself searching for original use of "MT" in this thread . . . please, refresh my memory here.

Thanks
Hi. I think it stands up for Money tree. You can read the explanation on first page under:

5. New Daily Entry (MONEYTREE) added May 18, 2011
  • #16,398
  • Jun 23, 2011 8:41pm Jun 23, 2011 8:41pm
Quoting RMiranda
Hi. I think it stands up for Money tree. You can read the explanation on first page under:

5. New Daily Entry (MONEYTREE) added May 18, 2011
Thanks. Of course, it is completely obvious. Cheers.
  • #16,399
  • Jun 23, 2011 10:09pm Jun 23, 2011 10:09pm
I am not seeing any good BO set ups yet. Does anyone see anything?
  • #16,400
  • Jun 23, 2011 10:20pm Jun 23, 2011 10:20pm
Quoting lawgirl21
I am not seeing any good BO set ups yet. Does anyone see anything?
I dont see anything either but keeping EU under close watch.
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