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Trade What You See - Almost Naked Trading

  • #17,201
  • Aug 7, 2011 2:48pm Aug 7, 2011 2:48pm
Who's in for some Gap surfing tonight?

I have a feeling the waves are going to be huge...
  • #17,202
  • Aug 7, 2011 3:08pm Aug 7, 2011 3:08pm
Quoting lawgirl21
Thanks TSD. This should be a very interesting week coming up too. It's my understanding that Italy's bond market is going to be the worry coming up immediately...don't know how that will influence this market, but will keep an eye open for what is happening.

Hey LG,

I caught an interview with the head of th S&P. Yes he did ackhowledge the varous issues in Europe. My impression --- they are minor to the real problem. He spoke very directly as to main catalyst was this countries debt and the lack of any real significant steps taken by congress to reduce it.

I have also heard talk of a second down grade if our elected officals continue to not take any real steps to lower our debt.

My guess ( its just that a "guess" ) is that we will continue down for a while longer. I think Europe just adds to the problem.

Will see??

We will definitely be trading the Asian open today.

Hope you have another great week !!


TSD
  • #17,203
  • Aug 7, 2011 3:15pm Aug 7, 2011 3:15pm
Quoting The Sage
Who's in for some Gap surfing tonight?

I have a feeling the waves are going to be huge...
I'm back looking for gaps. Last week GBPCHF gapped up over 90 pips. I went short, of course.. gap closed within several hours, I took over 100 pips from it. It was the beginning of a good trading week. Hope it repeats this week.
  • #17,204
  • Aug 7, 2011 3:17pm Aug 7, 2011 3:17pm
Quoting TraderinSD
Hey LG,

I caught an interview with the head of th S&P. Yes he did ackhowledge the varous issues in Europe. My impression --- they are minor to the real problem. He spoke very directly as to main catalyst was this countries debt and the lack of any real significant steps taken by congress to reduce it.

I have also heard talk of a second down grade if our elected officals continue to not take any real steps to lower our debt.

My guess ( its just that a "guess" ) is that we will continue down for a while longer. I think Europe just...
It feels like the wild west now with the markets. I hope everyone has another good week too.
  • #17,205
  • Aug 7, 2011 4:04pm Aug 7, 2011 4:04pm
Oh my! Never seen anything like this EURAUD gapped 178 pips. EURCAD up 181 pips. EURUSD up 136 pips.
  • #17,206
  • Aug 7, 2011 4:23pm Aug 7, 2011 4:23pm
Quoting lawgirl21
Oh my! Never seen anything like this EURAUD gapped 178 pips. EURCAD up 181 pips. EURUSD up 136 pips.

Yeah, nice gap to fill. What time does your broker open on Sundays in E.S.T?
  • #17,207
  • Aug 7, 2011 4:30pm Aug 7, 2011 4:30pm
Quoting TheDirtySerb
Yeah, nice gap to fill. What time does your broker open on Sundays in E.S.T?
5:00p.m. EST...2:00p.m. my time (PST)

All three are closing nicely.
  • #17,208
  • Aug 7, 2011 4:39pm Aug 7, 2011 4:39pm
Quoting lawgirl21
5:00p.m. EST...2:00p.m. my time (PST)

All three are closing nicely.
Well best of luck to you. My broker jacks up the spreads during this time, for another 20 minutes or so. For example, spread for euraud is at 15 right now. What a joke.
  • #17,209
  • Aug 7, 2011 4:41pm Aug 7, 2011 4:41pm
Quoting lawgirl21
5:00p.m. EST...2:00p.m. my time (PST)

All three are closing nicely.
Hi Lawgirl. I am in the same timezone as you which is the Pacific Time. I am very interested in your H1 BO trades. My broker opens it's daily candle at 9 pm PT. Which means I have to enter my trades after midnight. What is your suggestion on that since sleeping will be an issue. Thank you
  • #17,210
  • Aug 7, 2011 6:08pm Aug 7, 2011 6:08pm
Quoting The7
Hi Lawgirl. I am in the same timezone as you which is the Pacific Time. I am very interested in your H1 BO trades. My broker opens it's daily candle at 9 pm PT. Which means I have to enter my trades after midnight. What is your suggestion on that since sleeping will be an issue. Thank you
I don't think it will make much difference at all, 7. The BOs seldom happen immediately after the first four hours in any case. I miss plenty of BOs that occur from around midnight my time to 5 or 6 am when I wake up, yet there are still plenty of pips to be made.

The marking of the R/S lines on the first 4 hours is a guide by which we "judge" our BOs, but those lines could just as easily mark most any 4-6 hour period within the trading day by which to "judge" or use as a guide for BOs. We use these two high/low lines to mark range consolidations anticipating BOs also.
  • #17,211
  • Aug 7, 2011 6:10pm Aug 7, 2011 6:10pm
Gap almost closed, now at +95 pips. (Didn't mean to have an unhappy face there...needs a very happy face!)
Attached Image
  • #17,212
  • Aug 7, 2011 6:13pm Aug 7, 2011 6:13pm
Quoting lawgirl21
Gap almost closed, now at +95 pips. (Didn't mean to have an unhappy face there...needs a very happy face!)
hey R. ,

check out the gold gap, stops above 1700 ; p

take care,

im off for a nap, see ya later
Hero calls followed by margin calls...
  • #17,213
  • Aug 7, 2011 6:22pm Aug 7, 2011 6:22pm
Quoting PhAnTi'
hey R. ,

check out the gold gap, stops above 1700 ; p

take care,

im off for a nap, see ya later
Our government no longer lets us trade metals so I don't pay much attention anymore.

Get rest. It is going to be an interesting week I think. Will Germany step in for Spain and Italy?
  • #17,214
  • Aug 8, 2011 6:42am Aug 8, 2011 6:42am
Hi all!

I found that when zooming out to the larger time frames, the H1BO indicator labels cluttered up the charts and made it impossible to see price action on weekly and monthly time frames. So I got a friend to edit it for me and now the indicator doesnt show up on daily or above time frames.

Happy trading!
Attached File(s)
File Type: mq4 Daily_LinesBoxes_OC(1).mq4   69 KB | 514 downloads
File Type: ex4 Daily_LinesBoxes_OC(1).ex4   45 KB | 379 downloads
  • #17,215
  • Aug 8, 2011 6:45am Aug 8, 2011 6:45am
Quoting lawgirl21
Here is a pair heading for a BO that we can walk through together. I have marked the bottom of the wick on the first full BO candle with an arrow.
Hi Lawgirl,

How to draw dotted line at the bottem of the wick? Is there any indicator for that?
  • #17,216
  • Aug 8, 2011 7:31am Aug 8, 2011 7:31am
Quoting clarkesounds
Hi all!

I found that when zooming out to the larger time frames, the H1BO indicator labels cluttered up the charts and made it impossible to see price action on weekly and monthly time frames. So I got a friend to edit it for me and now the indicator doesnt show up on daily or above time frames.

Happy trading!
I tried to compile that version and it is full of errors, but I am no programmer, here is an original version.

Check the settings, on the INPUTS tab, see what is listed at the Visibility line.

Normally only goes to H4 so indicator does not dispaly on nay higher timeframes
Attached File(s)
File Type: mq4 Daily_LinesBoxes_OC.mq4   69 KB | 756 downloads
File Type: ex4 Daily_LinesBoxes_OC.ex4   44 KB | 517 downloads
OPPORTUNITY IS NOWHERE
  • #17,217
  • Aug 8, 2011 8:24am Aug 8, 2011 8:24am
Quoting clarkesounds
Hi all!

I found that when zooming out to the larger time frames, the H1BO indicator labels cluttered up the charts and made it impossible to see price action on weekly and monthly time frames. So I got a friend to edit it for me and now the indicator doesnt show up on daily or above time frames.

Happy trading!
Thanks CS! I have been manually removing the Box on the higher TFs all this time. This will be helpful.
  • #17,218
  • Aug 8, 2011 8:32am Aug 8, 2011 8:32am
Out of all three trades-- around 200 pips.
  • #17,219
  • Aug 8, 2011 8:34am Aug 8, 2011 8:34am
BO--waiting for price to clear that dotted line for entry.
Attached Image
  • #17,220
  • Aug 8, 2011 9:01am Aug 8, 2011 9:01am
What a day... +100 on gap and +50 on the BO on this pair.. Last night's gaps totalled +200 for me too.. Love these kinds of days...
Attached Image
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