Well, I'm in. Thank you for your strategy. I shorted the $/Y @84.09 around 08:40 CDT. Missed the 3rd tap but the down trend looks strong and all 3 RSIs were down so as I said, I'm in (and hoping.) Thanks again. p.
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Piprac...this is a breakout trade, not a 3 tap trade. Sorry if it confused you, but remember, we trade what we see. PA was in a tight range and had been that way for days. It had to do something sooner or later. RSI and PA suggested that it should break to the downside and it did. We didn't look for TLs on this pair (or the other recent pairs) because really, there aren't any. Let me know if this doesn't make sense to you.
I'm currently in this trade. PA finally broke out of the tight range and is headed down as I believed it would. It was a long wait though. Notice the weeks before when it did the same thing. That was a very profitable trade.
Pretty much the same chart as above. All TFs are long. PA is in consolidation. Breakout will occur sooner or later. Should be to upside where there is alot of up room. But will it break long? Another interesting one to watch.
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Followup on this pair looks like it is ready to "pop" out of the range ditch and head up. I will enter this trade when it clears the top line. This is a breakout trade, not a triple tap trade.
Another trade I am currently in which has been in the range bound ditch for about 2 days. It finally broke to the upside, which RSI and PA indicated that it would. Now in the money. Not a 3 tap trade.
Another trade I am currently in which has been in the range bound ditch for about 2 days. It finally broke to the upside, which RSI and PA indicated that it would. Now in the money. Not a 3 tap trade.
Really appreciate you doing this thread. Do you follow or trade Gold, Silver or the S and P? I own large chunks of public companies that deal in silver and gold, so its pretty important to me.
I trade mostly now and am trying to achieve 25% on my account a month. I am currently doing about 10% for the most part. But it seems to take a ton of energy just doing that. Still I am competitive and determined. This is a TOUGH game. You are making it slightly less tough for me. Thanks again.
Really appreciate you doing this thread. Do you follow or trade Gold, Silver or the S and P? I own large chunks of public companies that deal in silver and gold, so its pretty important to me.
I trade mostly now and am trying to achieve 25% on my account a month. I am currently doing about 10% for the most part. But it seems to take a ton of energy just doing that. Still I am competitive and determined. This is a TOUGH game. You are making it slightly less tough for me. Thanks again.
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Hi Sman...I do not trade metals, but you can do it just as easily with this method of trading..trading what you see. Just analyze the same way as you would any pair.
I set a dollar amount goal for myself per week, not a percentage like I believe most people do. I have met my weekly goal already for the week and should not trade anymore this week, but probably will. I also pull money off the table every time I reach a certain level.
So glad I can help make this a little easier. I certainly don't have all the answers, I just know that this has worked for me and so should for others.
I'm good, thank you. I'm surprised but I'm really happy to see you do this. I've always wondered how you do what you do and now I'm about to find out!
Looking forward to it!
I'm good, thank you. I'm surprised but I'm really happy to see you do this. I've always wondered how you do what you do and now I'm about to find out!
Looking forward to it!
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Thank you. I'm surprised too. I really don't have that much time. But I got tired of all the super egos on other threads. I just want to make money and have reasonable discussions about making money.
Lawgirl, are there any other threads/posters that you follow? Or find useful?
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Yes. The thread that finally convinced me to start one was Trendline Scalping H4 by David. When I first discovered that thread I thought I had found a home, but to me, it got sidetracked by auto trading using an NN (no idea what that is, and not interested to find out).
Then curgir started a spinoff thread from that, Triple Taps, and again I thought I had found a home, but that thread rapidly became too "frenzied" for me and indicators seemed to be flying all over the place...hence I started my own. I hope to attract like minded traders whose main interest is making money with no need to be proven right all the time.
I also use an EA trading GBPUSD on H1 chart. I have made lots of money with it, but it must be monitored (I discovered the hard way). Simple H1GBPUSD EA by Geoff.
Hi Having read through the posts and built a quck screen to show the status of all the pairs, yes I will share at some time, I have come to the point of trade entry. 3 taps I understand but at what point especially if a trend has been in place for sometime. Also as noted the 4h may have turned due to a retracement so not all are in sync. Given I always seem to be on the wrong side of the market and have tried mTF's before I am keen to get this one right as it seem so simple. I can program so if we can get a good understanding I will produc some automated signals, don't like auto trades, yet.
Yes. The thread that finally convinced me to start one was Trendline Scalping H4 by David. When I first discovered that thread I thought I had found a home, but to me, it got sidetracked by auto trading using an NN (no idea what that is, and not interested to find out).
Then curgir started a spinoff thread from that, Triple Taps, and again I thought I had found a home, but that thread rapidly became too "frenzied" for me and indicators seemed to be flying all over the place...hence I started my own. I hope to attract like minded...
Trade What You See - Almost Naked Trading
