Trade What You See - Almost Naked Trading | Page 8 | 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

  • #141
  • Sep 29, 2010 9:47am Sep 29, 2010 9:47am
Quoting k.k
Hi lawgirl 21, In usd/cad we have trade line which price go to TL AND COME BACK, but when looking in rsi we dont have confermation for shorting usd/cad my mean in daily is going down but in weekly is gong up.
I WANT TO KNOW is it correct to dont trade ?

Unless you are already in this trade, as L is, I would not get in it now. The 3rd tap occurred over 4 hours ago (on the last H4) candle and it has been going up since then. I believe at this time, that it is a missed trade. Don't worry, there will plenty of upcoming trades.

That is why it is good to scan trades for direction and trendlines. Look for 2 taps, then watch for that 3rd tap to enter.
  • #142
  • Sep 29, 2010 9:52am Sep 29, 2010 9:52am
I have just read your first page again which clearly states use the RSI for trend..!

 

  1. What currency pairs do you trade / don't trade?
  2. What is is general TP / SL
  3. Who many trades per week do you general take
  4. What is your exit stratergy

Apologies for the 20 questions.

Cheers
Tim

  • #143
  • Sep 29, 2010 10:00am Sep 29, 2010 10:00am
After the discussion we had about this pair, look at what it has done. It is now a 3 tap trade long!
  • #144
  • Sep 29, 2010 10:02am Sep 29, 2010 10:02am
New Chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad2.gif Size: 12 KB
  • #145
  • Sep 29, 2010 10:07am Sep 29, 2010 10:07am
PA did come down and tap the TL and has started up. I am in this trade long.
  • #146
  • Sep 29, 2010 10:08am Sep 29, 2010 10:08am
chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf4.gif Size: 15 KB
  • #147
  • Sep 29, 2010 10:11am Sep 29, 2010 10:11am
Thanks for the excellent chart, lawgirl.
I was watching the same setup but still hesitating whether to take the trade or not

Thanks
Andreas

Quoting lawgirl21
chart
  • #148
  • Sep 29, 2010 11:05am Sep 29, 2010 11:05am
Quoting lawgirl21
PA did come down and tap the TL and has started up. I am in this trade long.

Moved SL to BE+.
  • #149
  • Sep 29, 2010 11:17am Sep 29, 2010 11:17am
PA has now tapped the TL for a long trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.gif Size: 12 KB
  • #150
  • Sep 29, 2010 11:35am Sep 29, 2010 11:35am
Hi, This is a working system for me but requires an EA to be attached to each chart + an EA for the report page. I will be away on vacation until the end Oct so I will not be doing anything with this.
The difference between this and the indicator is the report is multiple pairs and multple tf's all on one page.
I might be tempted to put it all in one EA but that is quite a bit of work.
Sorry.

Quoting lawgirl21
Hi astral and welcome. I believe that is what stevecartwright is working on...RSI directions at a glance.
  • #151
  • Sep 29, 2010 11:38am Sep 29, 2010 11:38am
Quoting lawgirl21
PA has now tapped the TL for a long trade.
I would be careful taking this trade as the PA is also reaching the top of a longer term chanel on EUR/USD
  • #152
  • Sep 29, 2010 11:38am Sep 29, 2010 11:38am
Quoting stevecartwright
Hi, This is a working system for me but requires an EA to be attached to each chart + an EA for the report page. I will be away on vacation until the end Oct so I will not be doing anything with this.
The difference between this and the indicator is the report is multiple pairs and multple tf's all on one page.
I might be tempted to put it all in one EA but that is quite a bit of work.
Sorry.

Thanks anyway Steve. I have no interest in an EA. We can scan the old fashioned way, which I like better anyway.
  • #153
  • Sep 29, 2010 11:41am Sep 29, 2010 11:41am
NZDUSD little late on this but it might come down ones again for

breakout later?
Attached Image (click to enlarge)
Click to Enlarge Name: nzd_usd_up.jpg Size: 70 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #154
  • Sep 29, 2010 11:43am Sep 29, 2010 11:43am
I think your TL on eur/usd is not correct. I cant draw that tradeline in my chart.
  • #155
  • Sep 29, 2010 11:46am Sep 29, 2010 11:46am
Quoting k.k
I think your TL on eur/usd is not correct. I cant draw that tradeline in my chart.
I don't know what to tell ya....
  • #156
  • Sep 29, 2010 11:49am Sep 29, 2010 11:49am
Quoting SkyzerFX
NZDUSD little late on this but it might come down ones again for

breakout later?
Maybe, but weekly (and monthly) are long..so I would probably not take a short trade, unless something changes.
  • #157
  • Sep 29, 2010 11:53am Sep 29, 2010 11:53am
after first candel TL is going inside secound candel not exactly under secound candel is it o.k ?
  • #158
  • Sep 29, 2010 11:54am Sep 29, 2010 11:54am
Quoting k.k
after first candel TL is going inside secound candel not exactly under secound candel is it o.k ?

Please post your chart..and let's have a look.
  • #159
  • Sep 29, 2010 12:05pm Sep 29, 2010 12:05pm
I send as attachments
Attached Image (click to enlarge)
Click to Enlarge Name: kk.gif Size: 35 KB
  • #160
  • Sep 29, 2010 12:29pm Sep 29, 2010 12:29pm
Quoting lawgirl21
Maybe, but weekly (and monthly) are long..so I would probably not take a short trade, unless something changes.
I was actually talking about taking LONG, if it touches the bottom

uptrend line again. Sorry, for misunderstanding..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
57 traders viewing now