Trading Naked with Simran99

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I'll be trading naked using S/R levels only and posting related stuff here. Trading starts Monday. :-)

Seems to be a hourfour resistance for eurodollar @ 1.2500. Must place pending order when markets open.

It goes this way .....

H1 trade - 1 lot
h4 - 2 lots
daily - 4 lots
weekly - 8 lots
monthly - 16 lots.

only then it makes the effort or wait worthwhile. Risky yes, but totally worth it.

Trading 1:50 for $100,000.

About the monthly resistance eurodollar ... it has been brought down to approx 1.2900 level.

Looks freaky to me since @ monthly chart there seems to be either a

1. downwards channel forming (means in the coming weeks, this pair goes lower and lower)

this is a good indicator for traders since its easier to get in and has better predictability.

or

2. this is the freaky part - a 84% formed inverse head and shoulder. This is a MASSIVE h&s pattern and the resultant movements are going to be EPIC in size.

i dont really care about chart patterns, but the scale and timeframe of this pattern made me pay a little more attention to it.

i'll probably be trading based on s/r levels anyways. :-)

whatever happens, it sure is a pair to watch. :-)

I wouldn't bet on (1).

wait and see is the way to go .... despite the jobs report news-spike up of the eurodollar, the trend has not reversed yet. All TF's trend is still downwards. Price closed in the middle of a h1 resistance.

When you say you are trading S/R levels which ones will you be referring too. There are several different kinds. Like daily, weekly, monthly. fractals etc. Just curious. If you are using ones similar or the same as mine I would be interested in following your trades.

Heyy naningbob ... ur the one with the h4 candle breakout or outer bar technique right ? ... its been a while. :-) long time no see.

I'll be using daily, h4, weekly and monthly - in a combined fashion. You cannot use only one or the other - Do that and sometimes you'll be stunned as to why your newly placed trade went like 200 pips in the wrong way eventhough you placed it at a proper h1 support level. (usually because you didn't notice a daily/weekly (strong) resistance that price just touched and thats where the big daddys placed their orders. :-)

As a rule of thumb, lower tf s/r levels dont matter when price is trading within a higher tf level. Only the highest tf s/r level matters, all others are reset. - only to be set again when price trades "out" of a higher s/r level.

omg .... I'M DOWN ..... BY 1.2% ... hehe .... :-)

no big deal really.

Just entering the zones .... aud dollar dropping from resistance. good sign.


usd chf pending sell order missed by 1.4 pips !!! otherwise by now already had massive profit on that one :-( ... but it hit a h4 support level. (grinning) ... just placed a pending order on that level.

added a pending order on support 4 pound dollar.

gbpjpy hit resistance ... waiting 4 reversal.

eurodollar hit something .....

poundyen hit resistance, eurodollar hit resistance.....

anybody caught the big move in eurodollar, aussie, franc just couple mins ago ???

i caught all of them .... all of them halfway ..... :-(

so here's what happened .....

i wasn't around the pc when major price changes happened... sometimes i wished i had a smartphone .... easier to check on trades that way...

so couple of trades messed up n all....

recovering now .... down about 20% by not being there when my trades needed me.

Doubled down on all losing positions and waiting for some magic to happen. :-)

now i'm in front of pc .... so no worries... when i'm watching and monitoring ... no or very few losses.

daddy's watching .... all open trades are in the right direction .....

usd cad analysis:

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