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Naked Trading Trade Ideas
Mitglied seit Jan 14, 2010
541 Posts
Mar 17, 2011 at 13:32
(bearbeitet Mar 17, 2011 at 13:36)
Mitglied seit Jan 14, 2010
541 Posts
I'm going to post here some trade ideas I have in mind. If you have any suggestions, feel free to follow up.
I'm paper trading it to see if there's a successful trading system hiding somewhere in the charts 😄. I prefer paper trading instead of demo trading since it helps me to keep track with the trades and serve as a trading journal. If it goes well, I will switch to live account with small trade sizes (I prefer to avoid a demo account).
Here's the first trade:
Short trade. SL is above the last high, TP is at 1.3900. Let's see how it develops.

I'm paper trading it to see if there's a successful trading system hiding somewhere in the charts 😄. I prefer paper trading instead of demo trading since it helps me to keep track with the trades and serve as a trading journal. If it goes well, I will switch to live account with small trade sizes (I prefer to avoid a demo account).
Here's the first trade:
Short trade. SL is above the last high, TP is at 1.3900. Let's see how it develops.

Mitglied seit Jan 14, 2010
541 Posts
Mitglied seit Jan 14, 2010
541 Posts
Mar 18, 2011 at 09:30
Mitglied seit Jan 14, 2010
541 Posts
Ok, was stopped for -52 pips.
I've noticed a higher-high and a higher-low forming, which might indicate a break of the channel. The price hit the previous support which is my entry point.
This is a buy trade, with a stop loss at the previous low. Target is still open but probably the resistance of the new channel forming.

I've noticed a higher-high and a higher-low forming, which might indicate a break of the channel. The price hit the previous support which is my entry point.
This is a buy trade, with a stop loss at the previous low. Target is still open but probably the resistance of the new channel forming.

Mitglied seit Jan 14, 2010
541 Posts
Mitglied seit Jan 14, 2010
541 Posts
Mar 18, 2011 at 13:56
Mitglied seit Jan 14, 2010
541 Posts
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.

Mar 18, 2011 at 14:14
Mitglied seit Nov 18, 2009
708 Posts
Yeah, they say it's all in the charts ... "I feel there is a line of sell orders" below the former support levels ... but if you check the news, when CBs are on the bid, you don't wanna be short, do you? Would be like playing chicken with CBs 😁
https://www.forexlive.com/174290/all/forexlive-morning-warp-market-sees-concerted-g7-intervention
https://www.forexlive.com/174299/all/federal-reserve-and-bank-of-canada-selling-yen
https://www.forexlive.com/174361/all/nomura-estimates-ecb-bought-around-5-yards-of-eurjpy
https://www.forexlive.com/174290/all/forexlive-morning-warp-market-sees-concerted-g7-intervention
https://www.forexlive.com/174299/all/federal-reserve-and-bank-of-canada-selling-yen
https://www.forexlive.com/174361/all/nomura-estimates-ecb-bought-around-5-yards-of-eurjpy
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Mitglied seit Jan 14, 2010
541 Posts
Mar 18, 2011 at 14:24
(bearbeitet Mar 18, 2011 at 14:24)
Mitglied seit Jan 14, 2010
541 Posts
speki posted:
Yeah, they say it's all in the charts ... "I feel there is a line of sell orders" below the former support levels ... but if you check the news, when CBs are on the bid, you don't wanna be short, do you? Would be like playing chicken with CBs 😁
https://www.forexlive.com/174290/all/forexlive-morning-warp-market-sees-concerted-g7-intervention
https://www.forexlive.com/174299/all/federal-reserve-and-bank-of-canada-selling-yen
https://www.forexlive.com/174361/all/nomura-estimates-ecb-bought-around-5-yards-of-eurjpy
Question is, if the intervention will actually stop the free fall? If not, then at some point it will only speed it up as more stops will be hit along the way..

forex_trader_28513
Mitglied seit Feb 02, 2011
7 Posts
Mar 19, 2011 at 02:50
Mitglied seit Feb 02, 2011
7 Posts
Few months ago Japan intervened as well and what good did that do - None whatsoever
it lasted for less then a week before yen re-gained (fell on the charts) to where it had before intervention
I've been watching forex charts for long enough now to notice history repeating itself over and over and over in same patterns and my bet is that we'll see Yen at the lows it was this week very soon.
it lasted for less then a week before yen re-gained (fell on the charts) to where it had before intervention
I've been watching forex charts for long enough now to notice history repeating itself over and over and over in same patterns and my bet is that we'll see Yen at the lows it was this week very soon.
Mitglied seit Jan 14, 2010
541 Posts
Mar 21, 2011 at 08:01
Mitglied seit Jan 14, 2010
541 Posts
compounder posted:
Few months ago Japan intervened as well and what good did that do - None whatsoever
it lasted for less then a week before yen re-gained (fell on the charts) to where it had before intervention
I've been watching forex charts for long enough now to notice history repeating itself over and over and over in same patterns and my bet is that we'll see Yen at the lows it was this week very soon.
Exactly.
As to my last trade - I'm thinking of a [email protected]. Let's see how the day develops.
Although I can start looking for other trade opportunities, I don't like having more than one trade opened at a time as it helps to concentrate at one trade at a time. Also, due to possible correlation between pairs, I don't see any reason to open more trades to minimize exposure and risk.
Mitglied seit Jan 14, 2010
541 Posts
Mitglied seit Jan 14, 2010
541 Posts
Mitglied seit Jan 14, 2010
541 Posts
Mar 23, 2011 at 09:08
Mitglied seit Nov 18, 2009
708 Posts
Yeah... slower than a herd of turtles stampeding through peanut butter. Why not play some music then. Do you know songs with the word "slow"? Searching doesn't count. You know or you don't.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Mitglied seit Jan 14, 2010
541 Posts
Mitglied seit Jan 14, 2010
541 Posts
Mar 23, 2011 at 12:29
Mitglied seit Jan 14, 2010
541 Posts
speki posted:
That is one of the coolest videos ever. This would have been my choice as well. You must be a mindreader.
Really?? I guess I am 😀.
On a different note, I'm looking at the charts and don't see any real movement in the USDJPY pair. I'm sure as soon as I look away, it will start moving one way or another.
Mitglied seit Jan 14, 2010
541 Posts
Mar 24, 2011 at 09:27
(bearbeitet Mar 24, 2011 at 09:27)
Mitglied seit Jan 14, 2010
541 Posts
wilkinson posted:
Ok, I've noticed another opportunity, so let's try it - all levels are seen in the chart. The tp is the upper resistance.
Canceling that one. After some reviewing, I've noticed I was in a hurry to enter the trade, however I didn't follow my trading plan completely, which makes this trade invalid. The trade was closed for a 0 pip profit and I'm going to ignore it in my results.
Still holding the short usdjpy from 81.168.
Mitglied seit Jan 14, 2010
541 Posts

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