Trade What You See - Almost Naked Trading | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking on a naked chart, can you pick the best strategy? 32 replies

How do you see trading - Do you see it as a means to an end? 12 replies

Can you tell with naked eyes? 151 replies

Bow's trading journal 2 (almost naked trading on m5) 26 replies

Trading as naked as you can get 0 replies

Attachments: Trade What You See - Almost Naked Trading
Exit Attachments

Trade What You See - Almost Naked Trading

  • #101
  • Sep 28, 2010 7:01pm Sep 28, 2010 7:01pm
Used to make a fortune shorting otcbb and pink sheet stocks. Then the US made it illegal for a Canadian or a yank to do it. Course certain jurisdictions in Europe still do it. Used to be easy to make 50,000 a day. Now its completely gone.
  • #102
  • Sep 28, 2010 7:08pm Sep 28, 2010 7:08pm
Another breakout trade to watch. Trend signals are mixed, so this pair may just pop out on the up side and not the down side. I'm going to watch it, then confirm trend on longer TFs before entering.
Attached Image (click to enlarge)
Click to Enlarge Name: tuesday9.gif Size: 14 KB
  • #103
  • Sep 28, 2010 7:11pm Sep 28, 2010 7:11pm
Subscribed and well done lawgirl, nice, simple and logical method. Hope we make lots and lots of pips. Too many indicators just confuse things, mind you something simple just showing the RSI for 3TFs would save traders flicking through charts. I am not proposing anyone posting any since there are quite a few lurking in the FF.

Kind Regards
  • #104
  • Sep 28, 2010 7:18pm Sep 28, 2010 7:18pm
Quoting astral77
Subscribed and well done lawgirl, nice, simple and logical method. Hope we make lots and lots of pips. Too many indicators just confuse things, mind you something simple just showing the RSI for 3TFs would save traders flicking through charts. I am not proposing anyone posting any since there are quite a few lurking in the FF.

Kind Regards
Hi astral and welcome. I believe that is what stevecartwright is working on...RSI directions at a glance.
  • #105
  • Sep 28, 2010 7:36pm Sep 28, 2010 7:36pm
Hi nice thread.

I'm not sure if you have ever taken a look at the no brainer thread here on FF but there is a wealth of information about this kind of trading which I think you would find interesting.

I'll be following this this thread for sure. S+R is the only way to go.
  • #106
  • Sep 28, 2010 8:03pm Sep 28, 2010 8:03pm
Quoting lawgirl21
Hi astral and welcome. I believe that is what stevecartwright is working on...RSI directions at a glance.
Here is a very simple one and you can have up to 4 tf on it, each with different line colour user defined. I fully respect your wishes as thread master regarding the indicator overkill. Please have a look and if you think it is not good enough let me know and I will remove it from this post.

Kind regards
Attached File(s)
File Type: mq4 mtf_4xRSI.mq4   9 KB | 2,130 downloads
  • #107
  • Sep 28, 2010 8:13pm Sep 28, 2010 8:13pm
Quoting SkyzerFX
I understand, sorry, just though, it might have impact on some people

here, got shocked as I read this, spill this under stress, while

it's quite time..
whuuuutt !!!! I have no idea what he just said.
Anyway.... LG, I promise to never again to post in your thread. I respect what you're doing and I do not wish to distract from it.

Kindest Regards,

TR
  • #108
  • Sep 28, 2010 8:16pm Sep 28, 2010 8:16pm
Great thread, lawgirl! Thanks for sharing.

Kevin
  • #109
  • Sep 28, 2010 8:18pm Sep 28, 2010 8:18pm
Quoting TradeRunner
whuuuutt !!!! I have no idea what he just said.
Anyway.... LG, I promise to never again to post in your thread. I respect what you're doing and I do not wish to distract from it.

Kindest Regards,

TR
Why? There is no problem here as far as I can see!
  • #110
  • Sep 28, 2010 8:21pm Sep 28, 2010 8:21pm
Quoting astral77
Here is a very simple one and you can have up to 4 tf on it, each with different line colour user defined. I fully respect your wishes as thread master regarding the indicator overkill. Please have a look and if you think it is not good enough let me know and I will remove it from this post.

Kind regards
I have no problem with it. I probably won't use it, but others may want to compare it to visually reading the RSI. I don't want to be a warden here, but I do appreciate your concern.

Will someone agree to use it and report back to us?
  • #111
  • Sep 28, 2010 10:28pm Sep 28, 2010 10:28pm
This breakout trade has become a 3 tap trend trade. This should be further confirmation that PA is long..we'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 13 KB
  • #112
  • Sep 28, 2010 10:52pm Sep 28, 2010 10:52pm
Hi Lawgirl..

Question about drawing trendlines. On the original USDCHF example from post 1 I believe you drew the yellow trendline to demonstrate how you trade. Like anything else trendlines can be drawn almost anywhere by anyone who has some imagination.

In that same down sequence would you have drawn the red trendline first and then drawn the yellow trendline after the candles developed? I ask this because if someone had drawn the red trendline and not moved it and just waited for the next touch they would be still waiting seeing it never did revisit that trendline. So what prompts you to draw a trendline in a particular candle sequence and when or how do you decide to move your trendline?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 4hr t1.gif Size: 21 KB
  • #113
  • Sep 28, 2010 11:28pm Sep 28, 2010 11:28pm
Quoting ozziedave
Hi Lawgirl..

Question about drawing trendlines. On the original USDCHF example from post 1 I believe you drew the yellow trendline to demonstrate how you trade. Like anything else trendlines can be drawn almost anywhere by anyone who has some imagination.

In that same down sequence would you have drawn the red trendline first and then drawn the yellow trendline after the candles developed? I ask this because if someone had drawn the red trendline and not moved it and just waited for the next touch they would be still waiting seeing it never...
I don't agree that trendlines are that arbitrary, but that is exactly why I never use Fibs...I could manipulate them too easily.

Yes, had I caught this trade at the very beginning of the week I would have drawn the red line first, but not the way you drew it. See my chart below, blue rectangle. I would have drawn it this way and picked up about 50 pips. But I missed that trade. That never bothers me becauseI know another one will be coming, which it did and a very good trade at that.

Analyze forward as candles are formed trying to reach back into the previous week by only a few candles. I like to check the charts at "candle change" whenever possible (i.e. 2:00, 6:00 and 10:00 on FXDD and PST), this allows me to see set-ups as they are forming.

Hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: wednesday1.gif Size: 13 KB
  • #114
  • Sep 28, 2010 11:29pm Sep 28, 2010 11:29pm
LG:

Thanks for starting this. I've been interested in your approach since you showed up on Dave's thread. I'm also interested in the answer to ozziedave's question. I noticed the same issue with that trade. (Cross post here, thanks for the explanation.)

I'm also curious about how you enter on breakout trades. The basic set-up looks clear enough. But in several of your examples, it appears that the breakout line has already been pierced. Do you wait for a close above the line? Or maybe for a certain level above the line?
  • #115
  • Sep 28, 2010 11:40pm Sep 28, 2010 11:40pm
Quoting duffypratt
LG:

Thanks for starting this. I've been interested in your approach since you showed up on Dave's thread. I'm also interested in the answer to ozziedave's question. I noticed the same issue with that trade. (Cross post here, thanks for the explanation.)

I'm also curious about how you enter on breakout trades. The basic set-up looks clear enough. But in several of your examples, it appears that the breakout line has already been pierced. Do you wait for a close above the line? Or maybe for a certain level above the line?
The breakout line may very well be pierced, there is plenty of time to watch for PA to follow. I often move to a 15M chart and wait for a close totally outside the breakout line. Sometimes even then I will wait to see that PA is moving in right direction. To be really cautious, I go to an H1 chart and wait for a complete close outside of breakout line.
  • #116
  • Edited Sep 29, 2010 12:00am Sep 28, 2010 11:42pm | Edited Sep 29, 2010 12:00am
S R lines indicator; perfect for this strategy.
http://www.forexfactory.com/showpost...02&postcount=4
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 17 KB
  • #117
  • Sep 29, 2010 7:34am Sep 29, 2010 7:34am
Quoting lawgirl21
This breakout trade has become a 3 tap trend trade. This should be further confirmation that PA is long..we'll see.

Hit SL overnight and is now back in "ditch".
  • #118
  • Sep 29, 2010 7:42am Sep 29, 2010 7:42am
Quoting lawgirl21
Hit SL overnight and is now back in "ditch".
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: wednesday2.gif Size: 14 KB
  • #119
  • Sep 29, 2010 7:45am Sep 29, 2010 7:45am
Struggling, but still above water.
Attached Image (click to enlarge)
Click to Enlarge Name: wednesday3.gif Size: 13 KB
  • #120
  • Sep 29, 2010 7:46am Sep 29, 2010 7:46am
Quoting Starvin4Pips
Great thread, lawgirl! Thanks for sharing.

Kevin

Thanks Kevin and thanks for joining us.
6 traders viewing now