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Trade What You See - Almost Naked Trading

  • #61
  • Sep 28, 2010 11:22am Sep 28, 2010 11:22am
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  • #62
  • Sep 28, 2010 11:26am Sep 28, 2010 11:26am
Hi Lawgirl,

I found you through Dave's 3-taps thread. I'm glad you started your own thread. As you said, the 3-taps seemed to get bogged down in the neural network stuff and your analysis is great!

I just had some questions I was hoping you could help me with.

  1. from post #13, it seems you do not necessarily wait for a complete touch of the trendline for entry on 3-taps. Is this true?

  1. In Dave's rules for the 3-taps system he discards set-ups where there are less than 2 candles between the leg1 and leg2 of the trendline. Does your system follow this rule?

  1. It seems he also has a rule to only take setups where the first candle starts in the same week as the 3rd tap. Is this part of your rules or do you find it unnecessary?

It seems you don't like to go into specifics about the SLs, but would you be willing to show how/where you place your SLs on some of your trades?

Thanks for your help! Keep up the good work!

  • #63
  • Sep 28, 2010 12:05pm Sep 28, 2010 12:05pm
Quoting mary4x
Is there a way to control the indy-mania when it begins??? Before it begins?? BTW many thanks for the thread.
I'm with you regarding indie mania. p.
  • #64
  • Sep 28, 2010 12:15pm Sep 28, 2010 12:15pm
Quoting mary4x
Is there a way to control the indy-mania when it begins??? Before it begins?? BTW many thanks for the thread.

I noticed that you were here, so glad. How are you doing? And how is your trading going?

I got caught in indy mania for awhile, before almost totally withdrawing from all of them. I believe it must be part of the learning curve.
  • #65
  • Sep 28, 2010 12:18pm Sep 28, 2010 12:18pm
Quoting stevecartwright
Attachment
Steve, if you make your candles solid, the charts will be much easier to read.
  • #66
  • Sep 28, 2010 12:27pm Sep 28, 2010 12:27pm
Quoting lawgirl21
Steve, if you make your candles solid, the charts will be much easier to read.

Also, please tell us what the column headings mean..i.e. BB2, BB3 etc. Very interesting.
  • #67
  • Sep 28, 2010 12:57pm Sep 28, 2010 12:57pm
[quote=lawgirl21;4055626]I noticed that you were here, so glad. How are you doing? And how is your trading going?

Lost a bundle (for me) on Geoff's H1 and followed your progress there and on 3 taps. I'm looking forward to going live again, with the help of your new thread!
  • #68
  • Sep 28, 2010 1:26pm Sep 28, 2010 1:26pm
Quoting Baloo
Hi Lawgirl,

I found you through Dave's 3-taps thread. I'm glad you started your own thread. As you said, the 3-taps seemed to get bogged down in the neural network stuff and your analysis is great!

I just had some questions I was hoping you could help me with.

 

  1. from post #13, it seems you do not necessarily wait for a complete touch of the trendline for entry on 3-taps. Is this true?

[list][*][size=2]In Dave's rules for the 3-taps system he discards set-ups where...


Hi Baloo..I will try to answer your questions.

*#13 chart--The TL did touch, just my sloppy TL drawing that may give impression that it did not. But remember, numbers are not exact in trading, rather it is areas and acting on PA.

* No, my system does not follow this rule. It appears to me to be arbitrary. Depending on PA and trend direction, all 3 candles may be next to each other (although I don't think I have ever seen that).

*There was confusion about that on David's thread. I started "reaching back" to the prior week, with what I called "bridge trades" and posting them. That is one reason I broke off from his thread. I did not want to be disrespectful of the thread and go outside of the "rules".

This system looks back to the prior week if that is where the TL is formed.

I will be as specific as I can about SLs. I will try to post charts showing some that I have used.
  • #69
  • Sep 28, 2010 1:31pm Sep 28, 2010 1:31pm
[quote=mary4x;4055727]
Quoting lawgirl21
I noticed that you were here, so glad. How are you doing? And how is your trading going?

Lost a bundle (for me) on Geoff's H1 and followed your progress there and on 3 taps. I'm looking forward to going live again, with the help of your new thread!
I lost a bundle too, but have gone back to it very cautiously. I pre-determine (as much as possible) the trend and disable the EA if I think it may take a losing trade. The last 3-4 trades have been very successful. I do get tired of all the backtesting discussion.
  • #70
  • Sep 28, 2010 1:42pm Sep 28, 2010 1:42pm
Thank you for yor thread, lawgirl.

I have mostly been a scalper so far in my trading career but I need to branch out into some long-term strategies. I like the simplicity of your approach.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #71
  • Sep 28, 2010 1:44pm Sep 28, 2010 1:44pm
Quoting The Fool
Thank you for yor thread, lawgirl.

I have mostly been a scalper so far in my trading career but I need to branch out into some long-term strategies. I like the simplicity of your approach.
Welcome and thank you for joining us.
  • #72
  • Sep 28, 2010 2:10pm Sep 28, 2010 2:10pm
Another potential breakout to the long side. All TFs are long.
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  • #73
  • Sep 28, 2010 2:24pm Sep 28, 2010 2:24pm
I missed this little breakout, but would have been good for around 50 pips.
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  • #74
  • Sep 28, 2010 2:28pm Sep 28, 2010 2:28pm
lawgirl whats ur reward:risk like on these trades?
  • #75
  • Sep 28, 2010 2:35pm Sep 28, 2010 2:35pm
Quoting fugly
lawgirl whats ur reward:risk like on these trades?
I never determine it. If I had gotten in on this trade, I would have set my TP at the orange line, a support level and my SL at the top yellow line.
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  • #76
  • Sep 28, 2010 2:42pm Sep 28, 2010 2:42pm
If anyone is watching this pair for a breakout, move to the 15M chart and wait for a candle to close not touching the top line for an entry.
  • #77
  • Sep 28, 2010 2:45pm Sep 28, 2010 2:45pm
Quoting lawgirl21
If anyone is watching this pair for a breakout, move to the 15M chart and wait for a candle to close and not touching the top line for an entry.
15M Chart
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  • #78
  • Sep 28, 2010 2:53pm Sep 28, 2010 2:53pm
Quoting lawgirl21
15M Chart
Awesome job LG............. btw, just took longs on AUD/JPY and CAD/JPY
We'll see how that goes.

Just thought I'd drop by

OUT/TR
  • #79
  • Sep 28, 2010 2:58pm Sep 28, 2010 2:58pm
Quoting TradeRunner
Awesome job LG............. btw, just took longs on AUD/JPY and CAD/JPY
We'll see how that goes.

Just thought I'd drop by

OUT/TR
Thanks, good to see you. I will be in AUDJPY in about 5 mins. Don't like the daily and weekly direction for CADJPY. I do hope it makes you pips.
  • #80
  • Sep 28, 2010 3:02pm Sep 28, 2010 3:02pm
Quoting lawgirl21
Thanks, good to see you. I will be in AUDJPY in about 5 mins. Don't like the daily and weekly direction for CADJPY. I do hope it makes you pips.
I'm in this trade long.
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