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Wally1953 replied Nov 10, 2010This is a 15M chart. Look how PA is honoring the trendline. It just blows my mind! No wonder this method works so well. So trade management is the key here to capitalize on this phenomenom. SLs and TPs and emotions and greed. I'm getting all choked ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 10, 2010Here is a short trade I'm in on EJ. When I came home and checked my charts, this pair was trending down on W1, D1, and H4. It had hit its third tap and was heading south so I jumped in. Got in late, but it seems you get in late too sometimes. I gave ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 9, 2010GBPCHF short trade update — Out, -25 pips. I lost a couple trades today. No biggy. Could be the result of tight stoplosses. Both trades are languishing right now, so maybe I got out cheap. I'll find out tomorrow. One thing I know for certain: ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 9, 2010This may be a naive question, but I'm in a trade in GBPCHF. As you may have gathered I like close stoplosses. The problem here is the spread keeps widening. I've heard tell of such occurrences, but have never experienced it, except during news ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 9, 2010Hi Steve, Your charts are almost impossible to see. You might want to lighten the background, or make your candles lighter so they stand out against the black. Just a suggestion. Regards, Wally
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 9, 2010But that's all the way down below support, it's not even close to the touch of the trendline. Down there is where my TP is! That's more of a breakout trade, I think. That may have its own merits, but it's not a 3-tapper. But thanks for your comment. ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 9, 2010long UC trade update — Out -12.
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 9, 2010long UC — I'm long UC on a breakout trade. Used 5M chart to enter after breakout and to set stop, 12 pips. image image
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010Yippie, Lawgirl. Your GU trade finally broke down nicely. Hopefully you were still in. If so, congrats!

Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010I think she's referring to Gold in futures, which is traded in points.
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010Yeah, it's a tough time of day to trade. I'm considering just trading the London/US overlap because I use small stoplosses. I will widen them though, if they become detrimental to trading your method. So far so good though. Good luck with this trade ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010short GU trade update — Target hit, +16 pips.

Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010short GU trade — Just targeting the bottom of this range. image image
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010I always look at larger timeframes for general direction, I just use the 5M to time my entry and make sure that price is moving away from the trendline in desired direction. My trendline is almost straight, is that why you say it's wrong? It is ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010Hi Tom, I'm watching this one too. This is how I see it. I'll wait for direction to confirm on 5M chart. Good luck! Wally image
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010Short EU trade — Target reached, +30 pips.
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 8, 2010short EU trade — stepped away and when I came back it was almost to target! Stop at break even. EDIT: This is not my usual 123 short pattern on the 5M as the no. 3 point penetrated above the no. 1 point. But I looked at this as a false ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 7, 2010short EC trade — Stopped out, -13 pips. The trendline doesn't seem to be holding, so maybe I got out cheap. I'll find out in the morning. Good night folks. EDIT: Oops, I mean my LONG EC trade was stopped out. It appears it was just as ...
Trade What You See - Almost Naked Trading
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Wally1953 replied Nov 7, 2010Thanks Lawgirl. But I hope I'm not just another pretty chart. My trade is languishing, not sure if it really wants to go up. My tight stoplosses may be the death of me. Especially this time of night. No volume, no follow-through. Tight SLs work ...
Trade What You See - Almost Naked Trading