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| The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572 |
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| Author: | McNish [ Tue Jul 23, 2013 11:11 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Pend Trade on EG short. D1 - Consistent pins on top. IB following. No pin on bottom yet. H4 & H1 - pins on top after consolidation at bottom recently. M15 - M probable formation. |
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| Author: | bluedog23 [ Wed Jul 24, 2013 12:46 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Here's one to have a look at. |
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| Author: | ciliano [ Wed Jul 24, 2013 1:44 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Probably should have set a TP Edit: Just learned from the mistake and hit TP on AUD volatility on a different pair |
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| Author: | mjws00 [ Wed Jul 24, 2013 2:06 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Wow did they ever tag me on that one. Sitting on quiet AUD trades with stops/hedges way out of the noise, and BANG. Instant evaporation of a weeks work. Perfect timing. I literally got up for 5 minutes to let the dog out . All the stars aligned for them. Haven't been reamed like that in a very long time. Sometimes it doesn't matter how good you are at reading them they still find a way to take a chunk. Keep deleting very short words from this post. Mike |
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| Author: | bluedog23 [ Wed Jul 24, 2013 2:20 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Hit my TP for a quick profit and out; sometimes it happens that way and sometimes the other way. |
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| Author: | kwanann [ Wed Jul 24, 2013 2:27 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
this is one of the reasons why stoploss is sometimes not preferred... |
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| Author: | mjws00 [ Wed Jul 24, 2013 2:33 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Heh. They got me on that one too. Had a couple profitable shorts in there as well. They went away when we breached the highs. That was a pretty good setup, imho. Was looking for a quickie in there. I run with and without, but typically leave a 'backstop' if I can't monitor. Tight punchout as per the plan is fine with me all day long. Mike |
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| Author: | bluedog23 [ Wed Jul 24, 2013 2:44 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
I agree, the setup was good. I'm sure the fox cleaned house on this one both ways. I usually put a stop 20 pips above the highest pin but didn't on this one. Fortunately I did set the TP which was hit. You have to trade them as you see them. |
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| Author: | kwanann [ Wed Jul 24, 2013 2:49 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Luckily i was working so couldnt trade, but ya if i did, i would probably have been taken out at the highs. typically i won't put SL only on pairs that i'm very familiar with, the rest, anything about 20pips sl i wont bother, i rather miss the trade. Sometimes no trade is better than trading I guess the main thing now is we all know aud pairs can easily move 100pips or more, so any SL needs to cater for such a spike especially if you are expecting a news event K |
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| Author: | bluedog23 [ Wed Jul 24, 2013 3:21 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
One more to have a look at for a sell. |
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