EURJPY — You might want to look for a way to re-enter. Try moving to the H1 chart and look for a H1 4 candle BO to enter again if all directions still confirm short.

Trade What You See - Almost Naked Trading

Do not be sad about a winning trade! You didn't let it turn into a real loser, that's good trading!

Trade What You See - Almost Naked Trading

I will exit if PA reverses. A stall can just be a "breather" before another good move. That is one reason I do not like to move to a smaller TF for exit when I took the trade on a longer TF. What is really a breather or stall on the larger TF can ...

Trade What You See - Almost Naked Trading

AUDJPY — This is going to be a beautiful BO when it happens.

Trade What You See - Almost Naked Trading

EURGBP — Entered this trade short. Now in the money. Hope it stays that way.

Trade What You See - Almost Naked Trading

I try hard not to ever let a winning trade turn into a loser. Happens sometimes, but not often. This is about the only time I have harsh words about myself, with myself...when this happens. I generally never let a trade hit my SL either. That's ...

Trade What You See - Almost Naked Trading

EURJPY — What was your decision about this trade, AM?

Trade What You See - Almost Naked Trading

EURJPY — We looked at this pair all last week for a BO of the long consolidation and it finally happened. Did anyone catch any pips on it?

Trade What You See - Almost Naked Trading

Yes, increasing your risk. Your MM needs to be adjusted. I do not advocate trading this way.

Trade What You See - Almost Naked Trading

EURJPY — That would the most conservative move, but for this system you don't have to. You have to decide.

Trade What You See - Almost Naked Trading

EURGBP — Yes, thanks.

Trade What You See - Almost Naked Trading

No, the 50 level is just a point of reference for our purposes.

Trade What You See - Almost Naked Trading

EURJPY — Short set-up

Trade What You See - Almost Naked Trading

You are right on point TD. Many people do not trade on Mondays..look at what just happened with EURCHF..total change in direction. Yes, the end of the last week's data is considered for the beginning of a new week. I often trade on Sunday/Monday, ...

Trade What You See - Almost Naked Trading

EURCHF — All directions shifted south.

Trade What You See - Almost Naked Trading

EURCHF — Trying out Steve's EA for RSI directions. Monthly direction is also long. Need for PA to head north before entry.

Trade What You See - Almost Naked Trading

That is when I saw the set-up. It would have been a much better trade, had it been caught around the 3rd tap.

Trade What You See - Almost Naked Trading

Also remember Alex, that this system is not going to produce winning trades 100% of the time. All we can do is use our best judgment and hope that the market will do what we expect it to do. 150 pips is a great week! Just think what that will be ...

Trade What You See - Almost Naked Trading

Thanks CCE for answering this question. For some reason I totally missed this post. Please feel free to jump in with analysis at any time.

Trade What You See - Almost Naked Trading

Thanks for the kind words, Allan, and welcome.

Trade What You See - Almost Naked Trading