I would assume after yesterday most pairs will accumulate all morning until the news. Either way, I will be patient till then as part of my patience learning exercise.
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| Author: | Pueo [ Fri Apr 05, 2013 8:20 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
I'm not a big fan of cross pairs unless I'm interested to long eur/usd and short aud/usd for example, then I would long eur/aud. I concentrate mainly on eur/usd, aud/usd, gbp/usd, nzd/usd, usd/chf and gold.. |
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| Author: | kwanann [ Fri Apr 05, 2013 8:38 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Looking at higher TF, doesnt really give confirmation, so i won't be in this trade. Could be good for a few pips. Looking at H4, seems to be price exhaustion as well as downtrend and it does not seem to be wanting to go up Good luck! * On a side note, nothing seems to be looking good today for major pips, so i should be sitting today out |
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| Author: | Pueo [ Fri Apr 05, 2013 8:44 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Remember that the lower tf's create the higher tf's. The fox showed his hand by doing the stophunt low out of the asian session, we've had a strong upmove previously, I think price wants to clear the top of asian consolidation before thinking about going low. Of course I might be wrong. |
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| Author: | kwanann [ Fri Apr 05, 2013 8:54 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Pueo, thats exactly what i'm referring to, i dont see any stop hunt. anyway you should be in the green with the positioning, all the best! *Just realised that in 3M there is a Eur Zone Retail Sales news event, i guess thats when the foxes will show their move |
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| Author: | Pueo [ Fri Apr 05, 2013 9:08 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Here you can see the Asian consolidation box, the move 20 pips below is a stophunt to trap the breakout traders. |
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| Author: | Pueo [ Fri Apr 05, 2013 9:26 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
decided to close early, looking like a M now on 15m, might still work out but I'll take the money and run this time, there's always another trade |
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| Author: | Reaper [ Fri Apr 05, 2013 9:36 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
I would assume after yesterday most pairs will accumulate all morning until the news. Either way, I will be patient till then as part of my patience learning exercise. |
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| Author: | Pueo [ Fri Apr 05, 2013 9:54 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
another hairbrush pattern  |
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| Author: | Tebis [ Fri Apr 05, 2013 12:15 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Good morning, well it's been a good one for me Again this Morning, now I am off to Bed, I sometimes don't Hang Around too long for the Major News Events to spoil my Day with Trades, I am in and Out like a Flash with the Profits. Happy Trading Y'all. xrismak.  [/quote]Hi Xrismak, very successfull how you trade. What about your exit: You entered today 5 trades EURUSD short after 6:00, the following LL around 10:00 was 1.29. Now price is 1.2943. Did you bank the EURUSD profit in the meantime or are the trades still open ? Do you bank profit as soon as a specific amount Profit is reached ? Thanks for all your posts ! Cheers Tebis |
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| Author: | swisscheese [ Fri Apr 05, 2013 12:39 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Hi This week I had almost no time for trading so I left some of the Positions...  Sometimes doing less is more... have a nice Weekend. Edi |
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