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Naked Trading Trade Ideas
Mar 24, 2011 at 11:42
Mitglied seit Nov 18, 2009
735 Posts
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>
😁
<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.
Mitglied seit Jan 14, 2010
556 Posts
Mar 24, 2011 at 12:44
Mitglied seit Jan 14, 2010
556 Posts
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?
Mitglied seit Jan 14, 2010
556 Posts
Mitglied seit Jan 14, 2010
556 Posts
Mar 28, 2011 at 13:11
(bearbeitet Mar 28, 2011 at 13:11)
Mitglied seit Jan 14, 2010
556 Posts
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.
Mitglied seit Jan 14, 2010
556 Posts
Mar 29, 2011 at 14:29
Mitglied seit Jan 14, 2010
556 Posts
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 😳.
Mar 29, 2011 at 15:35
Mitglied seit Nov 18, 2009
735 Posts
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>
Is this a wedge or triangle, I never know the difference.
<a href='' target='_blank'><img src=''/></a>
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Mar 29, 2011 at 17:32
Mitglied seit Nov 18, 2009
735 Posts
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>
<a href='' target='_blank'><img src=''/></a>
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
556 Posts
Mitglied seit Jan 14, 2010
556 Posts
Mar 30, 2011 at 07:40
Mitglied seit Jan 14, 2010
556 Posts
speki posted:
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>
Indeed a good setup, but I wouldn't aim that high though, probably only to the start of the triangle. In any case, it still might dip lower before going up in my opinion.
Mar 30, 2011 at 09:06
Mitglied seit Nov 18, 2009
735 Posts
wilkinson posted:
I've tried trading those too, but never figured out how differentiate between failing formations and non-failing. I had a 50% success rate.
Have you tried the community outlook? When every man and his dog are heavily short UJ, EJ, then it usually goes up big time.
https://www.myfxbook.com/community/outlook
Nothing wrong with 50% success rate. Like a coin toss. If you bank more on winners than you give back with losers, you'll be in the black on average.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Mitglied seit Feb 05, 2011
5 Posts
Mar 30, 2011 at 09:53
Mitglied seit Feb 05, 2011
5 Posts
trading naked is the best way but u need to be an excelent spotter of hard wind, need a strong knowledge of trendlines chart patterns ,candle pattern and with few support and resist and pivots u can make it with ease,,, good luck and by the way am nial fuller student ciao ciao
Mitglied seit Jan 14, 2010
556 Posts
Mar 30, 2011 at 15:53
(bearbeitet Mar 30, 2011 at 15:53)
Mitglied seit Jan 14, 2010
556 Posts
extremerrage posted:
trading naked is the best way but u need to be an excelent spotter of hard wind, need a strong knowledge of trendlines chart patterns ,candle pattern and with few support and resist and pivots u can make it with ease,,, good luck and by the way am nial fuller student ciao ciao
Isn't using pivots counts as using indicators? 😉
How about posting some charts?
Mitglied seit Feb 05, 2011
5 Posts
Mar 30, 2011 at 16:23
Mitglied seit Feb 05, 2011
5 Posts
good day , by looking directly into the charts you can directley tell wether there is oversold or over bought areas, so why need for lagging indicators, pivots and trendlines are tools same like the nuke fibo, i suggest u to go to www.learntotradethemarket.com and there r plantey of health stuff there pureley price action and soon i will be posting some stuffs ,,, and have a nice day
Mar 30, 2011 at 20:21
Mitglied seit Nov 18, 2009
735 Posts
Welcome, Nial Fuller student. We're all students here. Price action sounds good. Make sure you post some stuffs. Do you like music? I found a lovely RnB channel today.
Enjoy naked.
Enjoy naked.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_27988
Mitglied seit Jan 26, 2011
1367 Posts
Mar 31, 2011 at 22:33
Mitglied seit Jan 26, 2011
1367 Posts
speki posted:wilkinson posted:
I've tried trading those too, but never figured out how differentiate between failing formations and non-failing. I had a 50% success rate.
Have you tried the community outlook? When every man and his dog are heavily short UJ, EJ, then it usually goes up big time.
https://www.myfxbook.com/community/outlook
Nothing wrong with 50% success rate. Like a coin toss. If you bank more on winners than you give back with losers, you'll be in the black on average.
the entire myfxbook community now consists of a total of forty eight million dollars.
keep in mind that there are massively large commercial transfers between various economies that far exceed this amount.
the community outlook numbers represent only that which is going on here at myfxbook.
do not trade according to these numbers.
of course, tho, this is only my opinion.
zzzero/.
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