Trade What You See - Almost Naked Trading | Page 13 | 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

  • #241
  • Sep 30, 2010 10:46am Sep 30, 2010 10:46am
Quoting lawgirl21
Same as AUDUSD. Mixed directions. I wouldn't go long at this time.

Sorry about this, but can you show us how you decide the mixed directions? Is it just the RSI (3) direction? Thank you.
  • #242
  • Sep 30, 2010 10:49am Sep 30, 2010 10:49am
Quoting lawgirl21
I don't look at ratios, only logical places. For this trade, since I believe it is a countertrend trade, I am looking at 15-20 pips.
Quick trade with SL and TP
Attached Image (click to enlarge)
Click to Enlarge Name: thur2.gif Size: 12 KB
  • #243
  • Sep 30, 2010 10:58am Sep 30, 2010 10:58am
Quoting PurePrice
Sorry about this, but can you show us how you decide the mixed directions? Is it just the RSI (3) direction? Thank you.

Yes, and PA. I'll post charts. Compare PA with direction of RSI in each TF.
Attached Image (click to enlarge)
Click to Enlarge Name: thur3.gif Size: 18 KB
  • #244
  • Sep 30, 2010 11:00am Sep 30, 2010 11:00am
chart
Attached Image (click to enlarge)
Click to Enlarge Name: thur4.gif Size: 13 KB
  • #245
  • Sep 30, 2010 11:03am Sep 30, 2010 11:03am
hi Lawgirl, what do you think of this breakout on the EUR/AUD?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 73 KB
  • #246
  • Sep 30, 2010 11:04am Sep 30, 2010 11:04am
Trend differs from last two.
Attached Image (click to enlarge)
Click to Enlarge Name: thur5.gif Size: 14 KB
  • #247
  • Sep 30, 2010 11:08am Sep 30, 2010 11:08am
Chart down trend, as daily. So directions are mixed. I almost never place a trend trade against weekly chart direction especially this late in the trading week.
Attached Image (click to enlarge)
Click to Enlarge Name: thur6.gif Size: 14 KB
  • #248
  • Sep 30, 2010 11:09am Sep 30, 2010 11:09am
Hope charts help.
  • #249
  • Sep 30, 2010 11:10am Sep 30, 2010 11:10am
Quoting lawgirl21
What is your TP on EURCHF?
Out with 10pips
  • #250
  • Sep 30, 2010 11:15am Sep 30, 2010 11:15am
http://img6.uploadhouse.com/fileuplo...ec1d0d4e1c.gif


nice BEARISH ENGULFING price action bar with resistance upward like lawgirl discovered
may exit half at round number 96.00 round number and other half at weekly support
move stop to breakeven 96.25
still debating other exit.

aud strong overall currency but short retracement
  • #251
  • Sep 30, 2010 11:16am Sep 30, 2010 11:16am
Quoting lawgirl21
Chart down trend, as daily. So directions are mixed. I almost never place a trend trade against weekly chart direction especially this late in the trading week.

Yes the cahrts are very helpful ... I was thinking of going LONG with the weekly and monthly trends. However, I understand now that daily and H4 are down ... so we can wait till that trns up maybe and if there is another opportunity, I would look at at it then.
  • #252
  • Sep 30, 2010 11:22am Sep 30, 2010 11:22am
Quoting lawgirl21
Chart down trend, as daily. So directions are mixed. I almost never place a trend trade against weekly chart direction especially this late in the trading week.
Excellent insight...someone is paying attention to a few things with their trading and keeping it simple.

Nice thread LawGirl and for the most part very few nay-sayers have shown up. It's kind of refreshing to see posting like this with a limited amount of indicators to show direction for analysis. I like your style and hope you keep it up.

As for your recent counter trend trade...very few traders go broke while taking profits. Nicely done

Pay attention people, you may learn something from this trader. The trading methodology doesn't have to be difficult to be a winner.
Listen to the whispers.... You may learn something
  • #253
  • Sep 30, 2010 11:30am Sep 30, 2010 11:30am
Quoting Scrutch
Excellent insight...someone is paying attention to a few things with their trading and keeping it simple.

Nice thread LawGirl and for the most part very few nay-sayers have shown up. It's kind of refreshing to see posting like this with a limited amount of indicators to show direction for analysis. I like your style and hope you keep it up.

As for your recent counter trend trade...very few traders go broke while taking profits. Nicely done

Pay attention people, you may learn something from this trader. The trading...
Thank you so much for your very kind words!
  • #254
  • Sep 30, 2010 11:33am Sep 30, 2010 11:33am
Hi Lawgirl,

Possible trade set up
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy300910.gif Size: 14 KB
  • #255
  • Sep 30, 2010 11:40am Sep 30, 2010 11:40am
Quoting lawgirl21
Thank you so much for your very kind words!
You're very welcome.
It's also with great pleasure that I am able to be the first one to issue you a vouch.
Listen to the whispers.... You may learn something
  • #256
  • Sep 30, 2010 11:41am Sep 30, 2010 11:41am
Quoting JGforex7780
Hi Lawgirl,

Possible trade set up
If short, yes. Would be a channel bounce trade. All TFs are short except H4.
  • #257
  • Sep 30, 2010 11:42am Sep 30, 2010 11:42am
Another pretty obvious question here: When the third tap happens, price action will always be against the trend, by definition. For example, on a long trade, the trendline is drawn from low to low, and the price has to come down to hit for the third time.

It's also pretty clear from some of these examples that you will wait before jumping in, at least on some of these trades. If the price continues to march through the line, you bail on the trade. But how much does it have to move in your favor before you decide to take it? (In this regard, your approach seems different from David's. As I understand it, he jumps on a third tap at the moment it hits. And I think there are other people who may wait for the candle to close. But I don't think you are doing either of those necessarily.)
  • #258
  • Sep 30, 2010 11:42am Sep 30, 2010 11:42am
Quoting Scrutch
You're very welcome.
It's also with great pleasure that I am able to be the first one to issue you a vouch.

Wow, Scrutch..double thanks.
  • #259
  • Sep 30, 2010 11:51am Sep 30, 2010 11:51am
Quoting lawgirl21
If short, yes. Would be a channel bounce trade. All TFs are short except H4.

In now with +8pips. target 20pips
  • #260
  • Edited 2:46pm Sep 30, 2010 11:52am | Edited 2:46pm
Quoting duffypratt
Another pretty obvious question here: When the third tap happens, price action will always be against the trend, by definition. For example, on a long trade, the trendline is drawn from low to low, and the price has to come down to hit for the third time.

It's also pretty clear from some of these examples that you will wait before jumping in, at least on some of these trades. If the price continues to march through the line, you bail on the trade. But how much does it have to move in your favor before you decide to take it? (In this regard, your...
Yes, that is correct: third tap is against the trend. You can call it a retrace, a pullback, an attempt to break through the TL.---it's all those things.

If because of my schedule, I come to a potential trade at the time of the 3rd tap, I will wait to see if PA breaks through the TL or heads back into the trend direction. If I come to a potential trade after the 3rd tap, then my analysis is different: how many candles ago was the tap? is there room to travel (reasonable R/S levels above and below)? are all TF trends still in confirmation?
53 traders viewing now