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Trade What You See - Almost Naked Trading

  • #4,841
  • Nov 18, 2010 9:46am Nov 18, 2010 9:46am
Quoting KillerAntz
Thank you very very much, this is explained very clear!!!
Good..glad it helped.
  • #4,842
  • Nov 18, 2010 9:50am Nov 18, 2010 9:50am
Hi all, I missed this 3 tap on EU daily because I like to take the trade on the third tap, but for all of you that wait for RSI confirmation, this has the makings of a nice setup. The red area is potential take profit as I see some support there. Wish everyone the best.
Attached Image
  • #4,843
  • Nov 18, 2010 9:53am Nov 18, 2010 9:53am
Quoting lawgirl21
Yes, we only think about setups on confirmation on the 3 TFs at the time of set up. They may move around somewhat after setup, but we can't control that as long as the longest TF (weekly for a H1 and H4 trade) stays with us.
Thanks for your prompt reply Lawgirl. Always total clarity in your replies!!
  • #4,844
  • Nov 18, 2010 9:54am Nov 18, 2010 9:54am
Still not in this trade. M15 is squirrelly...
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  • #4,845
  • Nov 18, 2010 9:55am Nov 18, 2010 9:55am
Hi Guys
hope everyone well,

Hi Lawgirl
What do you make of this pair, 2 clearly visible 3 tappers and rsi all down except for the 1h, and again, the price is respecting the now a 4 tap line that I drew, is this too mixed a chart or would you respect any of the lines for a set-up, or again because 1hr rsi not in said favour, would you leave on that reason.
sorry to bug you

Tom (UK)
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  • #4,846
  • Nov 18, 2010 9:57am Nov 18, 2010 9:57am
Quoting TheDirtySerb
Hi all, I missed this 3 tap on EU daily because I like to take the trade on the third tap, but for all of you that wait for RSI confirmation, this has the makings of a nice setup. The red area is potential take profit as I see some support there. Wish everyone the best.
Thanks TDS..I hope you are right. I have been in a short trade all week and right now I am in a 140 pip DD.
  • #4,847
  • Nov 18, 2010 10:01am Nov 18, 2010 10:01am
Quoting booktimes
Hi Guys
hope everyone well,

Hi Lawgirl
What do you make of this pair, 2 clearly visible 3 tappers and rsi all down except for the 1h, and again, the price is respecting the now a 4 tap line that I drew, is this too mixed a chart or would you respect any of the lines for a set-up, or again because 1hr rsi not in said favour, would you leave on that reason.
sorry to bug you

Tom (UK)
I am in this trade live short on a weekly chart. I believe it is a good short trade, but take a look at the post above this one. I have already pulled 200 pips from this pair this week, but right now I am giving most of it back. Everything indicates that PA will continue down though and I am looking ultimately for a move down to the 3310 level.
  • #4,848
  • Edited 9:50pm Nov 18, 2010 10:03am | Edited 9:50pm
Quoting lawgirl21
Finding logical SL and TP levels:

1....
LG.
I just collect your method and your remarks in one word file for everyone.

I will print it to myself and read it every Sunday before market opening.

Thanks.
Attached File(s)
File Type: doc Trade What You See.doc   78 KB | 1,322 downloads
  • #4,849
  • Nov 18, 2010 10:04am Nov 18, 2010 10:04am
Time will tell. If price clears that four hour bucket around 3510, you'll be golden. But time will tell. Best of luck to all, I'm out.

Quoting lawgirl21
Thanks TDS..I hope you are right. I have been in a short trade all week and right now I am in a 140 pip DD.
  • #4,850
  • Nov 18, 2010 10:05am Nov 18, 2010 10:05am
Quoting lawgirl21
Still not in this trade. M15 is squirrelly...
Finally in this trade.
  • #4,851
  • Nov 18, 2010 10:07am Nov 18, 2010 10:07am
Thanks Lg
I forgot that you were already in this trade, the 4 hour tf has just changed on my platform as it goes, 8, 12, 4 etc and the price has dropped below the 4 tap line I drew, I also very much favour a drop too, as the trend shows us, I think the on/off situation with the Irish bailout is making the Euro very jumpy at present,
many thanks

Tom (UK)
  • #4,852
  • Nov 18, 2010 10:10am Nov 18, 2010 10:10am
AUDCHF H1 4C BO... Good Run Here.. Really Love This Method.
THX LG.


Can Any one tell Me How to draw a Short Line of Trendline? is it an indicator? cause mine is Very Long Line of Trendline drawing here.
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  • #4,853
  • Nov 18, 2010 10:10am Nov 18, 2010 10:10am
Getting ready for work. I will check back in when I can.
  • #4,854
  • Nov 18, 2010 10:22am Nov 18, 2010 10:22am
Yes, I was in on that one...but I waited for the H1 4C BO confirmation so the move for me was fat side of 75. A bit late on the entry but the RSI's didn't want to cooperate and I didn't feel like taking on the risk of an early entry. Still, a nice trade and done by following BTB rules.

Quoting lawgirl21
I hope you got in on that 7 Tap trade, Scrutch...over 100 pip move.
Listen to the whispers.... You may learn something
  • #4,855
  • Nov 18, 2010 10:26am Nov 18, 2010 10:26am
Un-check the ray box that's on the parameters tab in the dialog box.
To display the dialog box, right click on your trend line and choose Trendline Properties.

Quoting Triple Kiss
Can Any one tell Me How to draw a Short Line of Trendline? is it an indicator? cause mine is Very Long Line of Trendline drawing here.
Listen to the whispers.... You may learn something
  • #4,856
  • Nov 18, 2010 10:32am Nov 18, 2010 10:32am
Quoting ovyeh
what des trigger mean? buy when the 3 touch candle is either green for up or red for down?
People confuse the 'trigger' and the 'setup'. The 'setup' is the set of conditions that need to
be in place before a trade can be 'triggered'.
At the time of writing, lawgirl has identified twosetups, with their associated triggers:
1. Setup: you have identified a trend and drawn your 2 tap trendline:
• Trigger: a third tap of the trendline
2. Setup: you have identified a candle breakout box:
• Trigger: a breakout of the box
In both cases, major patience is required to wait for the trigger, which in turn is easy to miss.

The trigger is PA after SetUp. if good we jump in.
I hope this understanding will Help Bro... Must Practice to make perfect.. I'm still learning too.
  • #4,857
  • Nov 18, 2010 10:37am Nov 18, 2010 10:37am
Quoting lawgirl21
Getting ready for work. I will check back in when I can.
Funny, I came back from work just now,Time 17:36 PM in Germany...

What time do you have?
There`s no life before COFFEE!
  • #4,858
  • Nov 18, 2010 10:42am Nov 18, 2010 10:42am
8:42 a.m. Pacific coast time (where LawGirl lives).
  • #4,859
  • Nov 18, 2010 10:42am Nov 18, 2010 10:42am
Quoting Scrutch
Un-check the ray box that's on the parameters tab in the dialog box.
To display the dialog box, right click on your trend line and choose Trendline Properties.
Hahahha. Thx Alot Scrutch.
Simple Nice Looking Chart Now..
  • #4,860
  • Nov 18, 2010 11:08am Nov 18, 2010 11:08am
This 3 Tap trade is almost at TP. Anyone else in it?
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