But... Naked Trading!? The Elegant Charts Thread

its still going on.........

well seems that i cant copy n paste for the mo......

Check out us/yen, 5min chart though
price dropped through 124.00 from its high of around 125.68 today. its is currently retracing back to 124.25, a good intraday pivot,and looks set to drop again, probably to the 124.00 level firstly then maybe to around 123.70-80...
its a nice steep retrace so it doesnt look sustainable and tells of a quick retrace rather than a reversal.
in fact its started to drop as i type. lets see what happens?? a classic
my entry would have been around the 124.18 mark SL at about 124.30
FTA at the round number.


happy hunting

jon

check out the eu/us chart, a nice oppertunity presented itself today, a sharp fall in price and a retrace (from about 4am to 7 am) and on the 5min chart it printed a nice BEOB which when it broke broke the TL of the retrace also giving a nice entry point with an obvious SL price. If we could have managed to hang on to the trade we would still be in it now with some nice R:R and a bag of pips banked...


jon

Any chance someone could post the chart for me with the tl drawn in under the retrace i mentioned?? ( im not at home so cant get one up on this computer)
cheers

jon

Amazing thread indeed. I've been following the same strategy and most of the time with D1 or H4 tf. Keep it simple

Will post charts soon.

First of all thank you for wonderful thread and real guide to the price action.

hook@yah can you please confirm videos don't have audio or its just me?!

Thanks.
Umee

Hey Jon,

Again, thanks, mate, for your nice, simple, effective method.

The only things you need to do is find a trend and wait for a triangle consolidation



EDIT: the 1st entry is based on the weekly TF, not on any LTF entry.

And I just noticed that the triangle breakout was nothing more than a wick play on the H4 (the small yellow line marks my entry point on the M15).
That stuff rocks

one im watching....

no explanation needed eh!?...
next....

If we dont get a deeper retrace back up to the break out area of the triangle or those last swing lows it might break south from this little breather its taking atm??
one to keep an eye on anyway..


happy hunting

jon