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Trade What You See - Almost Naked Trading

  • #17,541
  • Sep 4, 2011 6:18pm Sep 4, 2011 6:18pm
I popped into this one just for the heck of it, gap closed, out with +30 pips.
Attached Image
  • #17,542
  • Sep 4, 2011 8:55pm Sep 4, 2011 8:55pm
I'm still in GU -nice gaps today


Quoting pippete
I popped into this one just for the heck of it, gap closed, out with +30 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
  • #17,543
  • Sep 4, 2011 10:22pm Sep 4, 2011 10:22pm
Quoting AndreasF
I'm still in GU -nice gaps today
Andreas buddy, I'm in that one too, Fiber and Aussie also, but those are not doing so hot... We'll see what the night brings. Do you trade gaps live? I still can't figure out a good MM for them. Looking at the Cable, I see your R:R is not that sweet, that's been my problem/issue with Gap trades. SL has to be huge for these to make sense... What do you think?
I seem to have 1 winner for 2 losers generally, or worse... any thoughts appreciated.
Otherwise nice results, I'm hoping to have positive weeks coming soon consistently. Have a nice week!
Pete
  • #17,544
  • Sep 4, 2011 10:41pm Sep 4, 2011 10:41pm
Hi Pete

I trade those gaps live but with a smaller positon size, IF RR is less than 1:1 like with the GU trade now.

During the last months I saw nice results by moving my stop to b/e at the first S/R level and than just let the trade run like a moneytree.
If one runner would be followed by 4 losing trades we would see b/e at the worst.

I can't babysit the GU trade today so I just set SL and TP at S/R levels and let the market decide what fits best

BTW:
Do you have any news/feedback from lawgirl?
I hope she is doing well!

Cheers
Andreas





Most of them have a
Quoting pippete
Andreas buddy, I'm in that one too, Fiber and Aussie also, but those are not doing so hot... We'll see what the night brings. Do you trade gaps live? I still can't figure out a good MM for them. Looking at the Cable, I see your R:R is not that sweet, that's been my problem/issue with Gap trades. SL has to be huge for these to make sense... What do you think?
I seem to have 1 winner for 2 losers generally, or worse... any thoughts appreciated.
Otherwise nice results, I'm hoping to have positive weeks coming soon consistently. Have a nice week!
Pete...
  • #17,545
  • Sep 5, 2011 4:53pm Sep 5, 2011 4:53pm
Hi,

I'm in a new contest of myfxbook. I'm using my Expert Advisors on EURUSD and the strategies of it wonderful thread on Gold, especially Money Tree, but in order to deal with volatility, I'm not using Stop Loss.

if you have ever participated in a contest, will know that if you want to be in a good position, you must be very aggressive, so please look to this vision my trades. The link to continue my participation is:

http://www.myfxbook.com/members/opti...timumfx/150167

My nickname in the contest is optimumfx.

Their advice will be welcome. Thanks.
Enter Signature
  • #17,546
  • Sep 5, 2011 8:41pm Sep 5, 2011 8:41pm
Maudur

By not using a SL and by participating in contests you unnessarily put preassure on you which eventually may kill your account.

As long as you demo it is fine and exciting but once you trade a bigger account (> 30K) most likely your trading habits will change.


Cheers
Andreas


Quoting maudur
Hi,

I'm in a new contest of myfxbook. I'm using my Expert Advisors on EURUSD and the strategies of it wonderful thread on Gold, especially Money Tree, but in order to deal with volatility, I'm not using Stop Loss.

if you have ever participated in a contest, will know that if you want to be in a good position, you must be very aggressive, so please look to this vision my trades. The link to continue my participation is:

http://www.myfxbook.com/members/opti...timumfx/150167

My nickname in the contest is optimumfx....
  • #17,547
  • Sep 5, 2011 8:59pm Sep 5, 2011 8:59pm
Quoting AndreasF
Maudur

By not using a SL and by participating in contests you unnessarily put preassure on you which eventually may kill your account.

As long as you demo it is fine and exciting but once you trade a bigger account (> 30K) most likely your trading habits will change.


Cheers
Andreas
I don't understand? What's the problem about contest? What money do you risk?

Which is the grace to use these strategies only in Demo account?. I'm only interested in these strategies to bring them to my real account and this is not 1K. I've real account about 2 years. I need to use these strategies first in my Demo account or in contest to know very well these, and then I want to use these in my real account or I need to discard these and seek others.

Thanks.
Enter Signature
  • #17,548
  • Sep 5, 2011 11:12pm Sep 5, 2011 11:12pm
Most people tend to gamble in such contest and ignore basics like setting a SL and MM because they know that they are in a contest.

Trading needs a very disciplined approach and should be treated like a business if one wish to generate consistant gains.


Quoting maudur
I don't understand? What's the problem about contest? What money do you risk?

Which is the grace to use these strategies only in Demo account?. I'm only interested in these strategies to bring them to my real account and this is not 1K. I've real account about 2 years. I need to use these strategies first in my Demo account or in contest to know very well these, and then I want to use these in my real account or I need to discard these and seek others.

Thanks.
  • #17,549
  • Edited 3:12am Sep 6, 2011 3:09am | Edited 3:12am
If any of you got in early on CHF pairs...you got the miracle >700 pips

edit: >1000 pips now
I'm a disciplined trader and that's the only way I trade.
  • #17,550
  • Sep 6, 2011 3:24am Sep 6, 2011 3:24am
I closed GBPCHF now manual. I was planning on holding this trade as a MT but 900 pips are enough.

Such extreme moves again show how important it is to use a SL.

Cheers
Andreas


Quoting drick008
If any of you got in early on CHF pairs...you got the miracle >700 pips

edit: >1000 pips now
Attached Image (click to enlarge)
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  • #17,551
  • Sep 6, 2011 3:32am Sep 6, 2011 3:32am
Quoting AndreasF
I closed GBPCHF now manual. I was planning on holding this trade as a MT but 900 pips are enough.

Such extreme moves again show how important it is to use a SL.

Cheers
Andreas

You're right. Gold also had a big move.
The 900 pips for a BO is awesome too!
Congratulation
I'm a disciplined trader and that's the only way I trade.
  • #17,552
  • Sep 6, 2011 4:03am Sep 6, 2011 4:03am
Quoting AndreasF
I closed GBPCHF now manual. I was planning on holding this trade as a MT but 900 pips are enough.

Such extreme moves again show how important it is to use a SL.

Cheers
Andreas
Oooopss, Lesson learned. He was right. Luckily it was not my real account.

Thanks AndreasF
Enter Signature
  • #17,553
  • Sep 6, 2011 5:55am Sep 6, 2011 5:55am
H1 BO on many pairs.
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  • #17,554
  • Sep 6, 2011 6:54am Sep 6, 2011 6:54am
Good mo, peeps, good grief! The move of the year!!!! 1000 pips! What a nice move on CHF pairs! I did wake up for a minute at 350am EST, put a few orders in and when went back to sleep (apparently) Swiss national bank intervened... amazing. Got my +50 pips.. Great job, Andreas, and others who banked the big bucks!!!!
Next time I might do a trailing stop..
Not much for us US traders to do then, huh? GBPUSD might be on the downmove, lets see if it breaks 6064
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  • #17,555
  • Sep 6, 2011 7:04am Sep 6, 2011 7:04am
This one might be breaking out soon also, but there is a res area at 9935.. We'll see if that breaks...
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  • #17,556
  • Sep 6, 2011 7:27am Sep 6, 2011 7:27am
Yes, this pair looks ripe.
If it breaks it might target 0.9960 area.


Quoting pippete
This one might be breaking out soon also, but there is a res area at 9935.. We'll see if that breaks...
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  • #17,557
  • Sep 6, 2011 7:58am Sep 6, 2011 7:58am
Quoting AndreasF
Yes, this pair looks ripe.
If it breaks it might target 0.9960 area.
Out with +20 on Loonie.. EURAUD might be BO soon. watching...
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  • #17,558
  • Sep 6, 2011 8:10am Sep 6, 2011 8:10am
Sure popped thru and I got in a little late.. Hope it still continues down to 1.6000. we'll watch closely. maybe after the 10am news...
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  • #17,559
  • Sep 6, 2011 10:12am Sep 6, 2011 10:12am
Lots of BOs now happening, I hope you guys are all making money. here is one..
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  • #17,560
  • Sep 6, 2011 10:13am Sep 6, 2011 10:13am
Quoting pippete
Sure popped thru and I got in a little late.. Hope it still continues down to 1.6000. we'll watch closely. maybe after the 10am news...
Thank you for your chart.I take my 40 pip too....
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