Switching now to an M5 (or M15) chart, we will wait for a candle close below that marked line and if opening of next candle is still red...enter this trade. Of course if that does not happen, we will move on to the next pair. But will check back ...

Trade What You See - Almost Naked Trading

EURUSD — Here is a pair heading for a BO that we can walk through together. I have marked the bottom of the wick on the first full BO candle with an arrow.

Trade What You See - Almost Naked Trading

Yes, I do recommend that you stick with the H1 4C BO in this market, Walad. I am using it almost exclusively. I have banked around 200 pips already this week just with BOs. Rules are as simple as it gets: 1. Mark the first 4 hours of the new trading ...

Trade What You See - Almost Naked Trading

Sure is! My EURJPY just hit my TP pf 50 pips while I was reading the news. I like that.

Trade What You See - Almost Naked Trading

EURJPY — Breaking here too.

Trade What You See - Almost Naked Trading

GBPUSD — Starting to break...

Trade What You See - Almost Naked Trading

GBPCHF, EURCHF — That being said...these two pairs open yesterday with 92 and 84 pip gaps up. I could not resist trading them. They have both closed back down now.

Trade What You See - Almost Naked Trading

AUDNZD — This pair on my watch list too. I went through all the pairs over the weekend and decided to exclude all pairs that are at all time highs/lows as I don't what to try predicting how much higher/lower they will go. That's the following ...

Trade What You See - Almost Naked Trading

EURGBP Week's Summary — July 26, 2011 Break to the upside for about 30 pips before turning and heading down for the remainder of the week. July 27, and July 28 Textbook almost identical moves down around 50 pips each day. July 29, 2011 Price ...

Trade What You See - Almost Naked Trading

EURUSD — No, I had two long trades on about July 26. Both hit my TP for about 25 on one and 40 on the other. But I caught it going down and made another 100 pips on it over the next 2 days.

Trade What You See - Almost Naked Trading

Good pipping, pete.

Trade What You See - Almost Naked Trading

Thanks for the kind words, Delite. Yes, open and close above/below the S/R lines, but next candle needs to be going in desired direction and with this market, we have been waiting for a close above/below any wick that may have formed.

Trade What You See - Almost Naked Trading

AUDCAD — This pair did hit my TP before the big WOW!

Trade What You See - Almost Naked Trading

AUDCAD — It's not so much that we are waiting just for an M15 candle to clear the R/S line. We want PA to continue in our desired direction, ES. Notice the dotted line in the chart posted above. That marks the end of the probe(wick) that was ...

Trade What You See - Almost Naked Trading

AUDCAD — Moving to the M15 chart for a short entry here.

Trade What You See - Almost Naked Trading

EURGBP — That's it! I'm out of here!

Trade What You See - Almost Naked Trading

EURGBP — We are about 8 mins. from a H1 candle change. If there is a change in candle color from red to white, I will exit this trade short of my TP, as it looks to be stalling out.

Trade What You See - Almost Naked Trading

I will have to adopt your attitude about uncharted areas. They scare me and I tend to try to stay away from them. USDCAD, USDCHF, USDJPY...I have stayed away from them, but I check on them just in case they take off. Aussie has been a real money ...

Trade What You See - Almost Naked Trading

EURJPY — I did. Out with +50 pips.

Trade What You See - Almost Naked Trading

EURGBP — Progress report on my assigned pair. Almost at my TP.

Trade What You See - Almost Naked Trading