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Trade What You See - Almost Naked Trading

  • #16,441
  • Jun 27, 2011 4:35am Jun 27, 2011 4:35am
Where's everybody?

Seems to me a choppy day.
  • #16,442
  • Jun 27, 2011 4:53am Jun 27, 2011 4:53am
Grabbed a nice BO on oil, used a TP for 50pts

also USD CHF

so good start to the day 1% up
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  • #16,443
  • Jun 27, 2011 5:12am Jun 27, 2011 5:12am
Quoting eltax100
Grabbed a nice BO on oil, used a TP for 50pts

also USD CHF

so good start to the day 1% up
Hi - is that an EA u r using???
  • #16,444
  • Jun 27, 2011 5:17am Jun 27, 2011 5:17am
Quoting dimlat
Hi - is that an EA u r using???
Hi dimlat

No EA for me

Manual execution, had to go out so I set a TP, I trade in the direction of the trend ( filter ) and use LG rules .
  • #16,445
  • Jun 27, 2011 5:18am Jun 27, 2011 5:18am
Quoting eltax100
Hi dimlat

No EA for me

Manual execution, had to go out so I set a TP, I trade in the direction of the trend ( filter ) and use LG rules .
cheers, thanks - any other BO u looking at today?
  • #16,446
  • Jun 27, 2011 5:21am Jun 27, 2011 5:21am
CAD CHF watch list
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  • #16,447
  • Jun 27, 2011 5:29am Jun 27, 2011 5:29am
Quoting eltax100
CAD CHF watch list
Brilliant - i missed that one - thanks
  • #16,448
  • Jun 27, 2011 5:34am Jun 27, 2011 5:34am
Eltax - I notice you are using Alpari UK so I am assuming you are UK based. Could you tell me please if you are counting your 4 bars from midnight please.

Many thanks
  • #16,449
  • Jun 27, 2011 5:38am Jun 27, 2011 5:38am
waiting for break out in NZDUSD.
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  • #16,450
  • Jun 27, 2011 5:41am Jun 27, 2011 5:41am
Quoting Pippage
Eltax - I notice you are using Alpari UK so I am assuming you are UK based. Could you tell me please if you are counting your 4 bars from midnight please.

Many thanks
Hi Pippage

Yes I am Using Alpari Uk, my indicator starts on +3hrs and then counts 4bars, you can change the settings of the indicator start and end times.

I did this because I thought the market seems to move mostly after 6am our time and with getting up at 6.30am having a cuppa then catching the moves in the morning.

It works for me so far.
  • #16,451
  • Jun 27, 2011 5:50am Jun 27, 2011 5:50am
watch this pairs guys
"Trade Until I Come Back" Luke
  • #16,452
  • Jun 27, 2011 5:59am Jun 27, 2011 5:59am
Quoting superpipo
watch this pairs guys
been in and out of this one twice today already - b careful its slippery at the moment - tight SL needed
  • #16,453
  • Jun 27, 2011 6:16am Jun 27, 2011 6:16am
anyone get profit from BO EURJPY?
"Trade Until I Come Back" Luke
  • #16,454
  • Jun 27, 2011 6:26am Jun 27, 2011 6:26am
Thanks Eltax thats very helpful; I was wondering whether you had any advice on avoiding fake breakouts - looking back there seem to be quite a few. Do you keep a beady eye on the RSI arrow indicator or is it just price action experience keeping you out of trouble?

Id love to ask you about Alpari UK as well - Ive had some very weird communications about guaranteed stops but i dont wish to dilute this thread.

Many thanks.
  • #16,455
  • Jun 27, 2011 6:29am Jun 27, 2011 6:29am
Hi everyone,

Eltax, do mind telling me, is that a 200 EMA line you have on your chart? Or 100?

I'm using a 200 ema here to help show me the trend direction. Does that sound like a good idea for the 1H 4C BO method anyone?

Thank's, and good trading.

G.
'Fail to plan, plan to fail'
  • #16,456
  • Jun 27, 2011 6:33am Jun 27, 2011 6:33am
Quoting superpipo
anyone get profit from BO EURJPY?
Hi Superpipo,

No, i've been in for an hour or so, and 20 pips down at the moment. But i'm just a beginner, and demo trading.

Hope you have a profitable day buddy.

G.
'Fail to plan, plan to fail'
  • #16,457
  • Jun 27, 2011 6:35am Jun 27, 2011 6:35am
just entered this one. broke the rules again by not waiting for close. could be another error...
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  • #16,458
  • Jun 27, 2011 6:43am Jun 27, 2011 6:43am
Quoting Pippage
Thanks Eltax thats very helpful; I was wondering whether you had any advice on avoiding fake breakouts - looking back there seem to be quite a few. Do you keep a beady eye on the RSI arrow indicator or is it just price action experience keeping you out of trouble?

Id love to ask you about Alpari UK as well - Ive had some very weird communications about guaranteed stops but i dont wish to dilute this thread.

Many thanks.
I use PA for BO, if it breaks out then the arrows will look good anyway I think, I am using the RSA later in the week for 3tap`s,

I trade with the trend, to minimise losses and use a generous stop .
that’s it .

If I have bagged a couple of nice BO then with others I will move SL to BE and let them run amd possibly start a MT
  • #16,459
  • Jun 27, 2011 6:47am Jun 27, 2011 6:47am
Quoting Guitarbloke
Hi everyone,

Eltax, do mind telling me, is that a 200 EMA line you have on your chart? Or 100?

I'm using a 200 ema here to help show me the trend direction. Does that sound like a good idea for the 1H 4C BO method anyone?

Thank's, and good trading.

G.

I have got a 50EMA on the chart

I don’t use it to trade off just for confidence and help avoid trades that are not with the trend

This is working for me however its individual as to what you decide to use

good luck
  • #16,460
  • Jun 27, 2011 6:52am Jun 27, 2011 6:52am
Quoting eltax100
I have got a 50EMA on the chart

I don’t use it to trade off just for confidence and help avoid trades that are not with the trend

This is working for me however its individual as to what you decide to use

good luck
Thank's mate. Happy trading.
'Fail to plan, plan to fail'
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