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Naked Trading Trade Ideas
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Członek od Nov 18, 2009 735 postów
speki
Mar 24 2011 at 11:42
I'm not sure about the sterling but Yuro seems to be in an uptrend. I prefer these simple rules to find the direction:
<i>1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP. 2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN. 3. If I'm still confused, I print it off and show it to a 5 year old...they will get it right EVERY time...</i> 
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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Członek od Jan 14, 2010 554 postów
James_Bond
Mar 24 2011 at 12:44
speki posted: I'm not sure about the sterling but Yuro seems to be in an uptrend. I prefer these simple rules to find the direction: <i>1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP. 2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN. 3. If I'm still confused, I print it off and show it to a 5 year old...they will get it right EVERY time...</i> That's quite a method  But looking on a graph, the chart window can be of any size and timeframe. What timeframe are you looking at? |
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Członek od Nov 18, 2009 735 postów
speki
Mar 24 2011 at 13:35
The window is very BIG and it was H4.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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Członek od Jan 14, 2010 554 postów
James_Bond
Mar 24 2011 at 13:46
(zmieniany Mar 24 2011 at 13:46 )
speki posted:
The window is very BIG and it was H4. I see. I trade usually using 1h,4h and daily. Sometimes I even peek at the weekly just to get the larger picture. |
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Członek od Jan 14, 2010 554 postów
James_Bond
Mar 25 2011 at 10:35
wilkinson posted: wilkinson posted: It seems to me gbpusd and eurusd changed their trends...waiting for a pullback to get in for the ride. Here we go, a short eurusd: <a href='  ' target='_blank'><img src=''/></a>Ok, sl was hit for -81 pips. Results are +82-52-81=-51 pips |
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Członek od Jan 14, 2010 554 postów
James_Bond
Mar 28 2011 at 13:11
(zmieniany Mar 28 2011 at 13:11 )
wilkinson posted:
wilkinson posted: wilkinson posted: It seems to me gbpusd and eurusd changed their trends...waiting for a pullback to get in for the ride. Here we go, a short eurusd: <a href=' ' target='_blank'><img src=''/></a>Ok, sl was hit for -81 pips. Results are +82-52-81=-51 pips Amazingly, the price went just 10 pips over my stop, and then started plunging down. On second thought, I should have placed the stop on the higher high of the channel, which would have made the trade profitable (would have hit my tp): <a href='  ' target='_blank'><img src=''/></a>Oh well, live and learn. Załączniki:
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Członek od Jan 14, 2010 554 postów
James_Bond
Mar 29 2011 at 14:29
wilkinson posted: Short trade, excellent opportunity to enter the down trade. The price has returned to a previous support. Stop above the last high, which happened before the break. Target is still open, probably the bottom resistance. <a href='  ' target='_blank'><img src=''/></a>Stopped out. Need to rethink about the trading system, as it doesn't look good  .
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Członek od Nov 18, 2009 735 postów
speki
Mar 29 2011 at 15:35
So we're trading naked here? Nothing better, trading with nothing on, except the radio - ha-ha.
Is this a wedge or triangle, I never know the difference. <a href='  ' target='_blank'><img src=''/></a>
Załączniki:
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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Członek od Nov 18, 2009 735 postów
speki
Mar 29 2011 at 17:32
Can't keep a good Yuro down - I'd risk a long with stops below the recent daily lows. Target? Ohh, back to 1.5 baby. I think the franc will tank heavily this year.
<a href='  ' target='_blank'><img src=''/></a>
Załączniki:
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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Członek od Jan 14, 2010 554 postów
James_Bond
Mar 30 2011 at 07:37
speki posted: So we're trading naked here? Nothing better, trading with nothing on, except the radio - ha-ha. That's a whole different type of naked trading! |
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