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Trade What You See - Almost Naked Trading

  • #361
  • Oct 1, 2010 9:35am Oct 1, 2010 9:35am
hello again lawgirl21, i see nice thread u setup here. I stick to david 3 tap cos it better work for me in little hours i can trade but i wants to say good luck with youre own thread here cos i sure youre great trader
  • #362
  • Oct 1, 2010 9:39am Oct 1, 2010 9:39am
Quoting lawgirl21
Yes, although some traders think trend is stronger above/below 50 line. We are using RSI only for general directional bias. Don't get hung up on the clock positions either...general direction is what we are looking for. We will confirm our bias by PA.
Thank you...
  • #363
  • Oct 1, 2010 9:44am Oct 1, 2010 9:44am
Quoting driftwood
hello again lawgirl21, i see nice thread u setup here. I stick to david 3 tap cos it better work for me in little hours i can trade but i wants to say good luck with youre own thread here cos i sure youre great trader
Thanks for your good wishes, DW. We all have to do what is best for ourselves. I wish you lots of pips.
  • #364
  • Oct 1, 2010 9:57am Oct 1, 2010 9:57am
Potential 3-Tap setting up on the EURCHF - RSI in agreement on DAILY and WEEKLY.

Though with a shortened day maybe it wouldn't be a good time to take a trade?
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  • #365
  • Oct 1, 2010 10:01am Oct 1, 2010 10:01am
Quoting lawgirl21
You have a clear understanding of this, PP. Excellent explanation. And you are new to FF?
Yes, I am somewhat new to FF as a member, but I have been sorta trading for a bit. I use FF to look at their calendar mainly so that I am aware of when big news hits, then I discovered there were actual forums -- I read a few posts here and there for a while, then I decided to join as a member recently. I am glad I did, and I am glad to have found your thread as well as David's. I was folowing david's for a while as well until the NN was introduced to the thread. Much like you, I was not too interested in the NN.

Best of luck to you in this thread. You are doing a great job, especially for someone who has a full time job.
  • #366
  • Edited 9:07pm Oct 1, 2010 10:05am | Edited 9:07pm
Quoting Baloo
Potential 3-Tap setting up on the EURCHF - RSI in agreement on DAILY and WEEKLY.

Though with a shortened day maybe it wouldn't be a good time to take a trade?
I would not take that this trade, but you decide.
  • #367
  • Oct 1, 2010 10:10am Oct 1, 2010 10:10am
why is today shortened day ? is it because friday ?
  • #368
  • Oct 1, 2010 10:15am Oct 1, 2010 10:15am
I am going back through the 6 major pairs and for the week and looking at missed trades. Hopefully you guys caught some of these.

EURUSD
  • #369
  • Oct 1, 2010 10:16am Oct 1, 2010 10:16am
Sorry, forgot it.
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  • #370
  • Oct 1, 2010 10:20am Oct 1, 2010 10:20am
USDCHF
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  • #371
  • Oct 1, 2010 10:26am Oct 1, 2010 10:26am
USDJPY
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  • #372
  • Oct 1, 2010 10:32am Oct 1, 2010 10:32am
Quoting roundrock
why is today shortened day ? is it because friday ?
Traders cut out early on Fridays...especially in New York.
  • #373
  • Oct 1, 2010 10:39am Oct 1, 2010 10:39am
Hi Lowgirl, Why did you say,that all 3 time frames in Baloo euro/chf example are down? As I see on his chart weekly and dayli RCI3 are down, but H4 rci is up. Do you determind the trend on every of 3 timeframes just using the direction of RCI line shows up or down? What is timezone of your charts? I use interbankforex charts. Thank you for your great thread,
  • #374
  • Oct 1, 2010 10:56am Oct 1, 2010 10:56am
Quoting lite27
Hi Lowgirl, Why did you say,that all 3 time frames in Baloo euro/chf example are down? As I see on his chart weekly and dayli RCI3 are down, but H4 rci is up. Do you determind the trend on every of 3 timeframes just using the direction of RCI line shows up or down? What is timezone of your charts? I use interbankforex charts. Thank you for your great thread,
Hi Lite, I think she was was saying she wouldn't take it because it was so close to the end of the day. Correct me if I'm wrong, LG.

PS - she goes by Lawgirl, not Lowgirl
  • #375
  • Oct 1, 2010 11:07am Oct 1, 2010 11:07am
Thank you LG for starting this thread - it's unusual for me to be on board within a couple of days of one starting and not have the usual 2000 posts to catch up on!

Also thanks to whoever mentioned EUR/AUD this morning - a nice stress free trade compared to my usual 5 min tf; I'd forgotten just how relaxing (and more profitable ) trading in the 4hr tf is...

Probably jumped out a little early but didn't want to be stuck in over the weekend
You don't have to be right, just don't be too wrong
  • #376
  • Oct 1, 2010 2:01pm Oct 1, 2010 2:01pm
Sorry Lawgirl for my mistake in your nick. You wrote that is concentrate on 3 paires could be much more effective and makes much money. Whats 3 paires can you recomend? Thank you for your thread,
  • #377
  • Oct 1, 2010 2:50pm Oct 1, 2010 2:50pm
Hello Lawgirl and others - I've been following your posts since David's and Cugir's threads. I'm enjoying the simplicity of the trendlines and s/r lines, breakouts, channels... one of these have to be happening throughout the day so plenty of opportunities. It's great to hear that you work fulltime and still have time to plan your trades. I'm hoping to follow your example. This is my first post here at FF btw. Finally decided to sign up after about a year of reading.
  • #378
  • Oct 1, 2010 2:55pm Oct 1, 2010 2:55pm
I normally would not touch this trade with a 6-ft pole since it is about closing time before the weekend (4:00PM EST). But since this is a demo account and I lose nothing but virtual pips if this doesnot work out, I am wiling to take this trade on a demo account just to see where the trade goes. It just looks so damn perfect I could not resist

Please see chart...
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  • #379
  • Oct 1, 2010 3:02pm Oct 1, 2010 3:02pm
Quoting lite27
Sorry Lawgirl for my mistake in your nick. You wrote that is concentrate on 3 paires could be much more effective and makes much money. Whats 3 paires can you recomend? Thank you for your thread,
No problem, lite. I answer to almost any thing I am called. I would start with any three of the majors.
  • #380
  • Oct 1, 2010 3:10pm Oct 1, 2010 3:10pm
Quoting PurePrice
I normally would not touch this trade with a 6-ft pole since it is about closing time before the weekend (4:00PM EST). But since this is a demo account and I lose nothing but virtual pips if this doesnot work out, I am wiling to take this trade on a demo account just to see where the trade goes. It just looks so damn perfect I could not resist

Please see chart...
Sorry PP, by the time I was able to look at the chart, it had turned into a beautiful channel. Did you make some pips before the upswing?
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