Naked Trading Trade Ideas

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>

😁

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?

The window is very BIG and it was H4.

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.

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

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.

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 😳.

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>

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>

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!

speki posted:
Is this a wedge or triangle, I never know the difference.
<a href='' target='_blank'><img src=''/></a>

I've tried trading those too, but never figured out how differentiate between failing formations and non-failing. I had a 50% success rate.

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.

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.

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

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?

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

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.

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/.

I give you some idea... only on H1 chart. find the bank signal on h1 chart. how. Wait on europe session/US session. Find CS more 30 pips on body that is the signal to follow. Look yourself.