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Trade What You See - Almost Naked Trading

  • #401
  • Oct 2, 2010 1:56pm Oct 2, 2010 1:56pm
Quoting sashasan
i am in, but this does not matter here ))
watch carefully highs and lows of the all candles (up is your last chart and low is from my IBFX terminal)
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I long ago gave up trying to reconcile local times with broker times and Greenwich time.

The important thing to understand, in my opinion, is broker time in relation to local time i.e. I know that my broker's new trading day starts at 2:00 p.m. my local time. That is the only way trading what you see works. What is the start of your brokers trading day, your local time?
  • #402
  • Edited 2:08pm Oct 2, 2010 1:56pm | Edited 2:08pm
Quoting Baloo
Hi Sashasan, here's a link from another thread with a document about how to draw trendlines that I found helpful:

http://www.forexfactory.com/showpost...&postcount=804
Baloo thanks, not needed

i asked about not because i do not know how to draw a line
but because of the difference between fxdd and ibfx candles highs/lows visual appearance
  • #403
  • Oct 2, 2010 1:58pm Oct 2, 2010 1:58pm
Quoting sashasan
Baloo thanks, not needed

i asked about not because i do not know how to draw a line but because of the difference between fxdd and ibfx candles highs/lows visual appearance

I've sent you a PM.
  • #404
  • Oct 2, 2010 2:04pm Oct 2, 2010 2:04pm
Quoting lawgirl21
I long ago gave up trying to reconcile local times with broker times and Greenwich time.

The important thing to understand, in my opinion, is broker time in relation to local time i.e. I know that my broker's new trading day starts at 2:00 p.m. my local time. That is the only way trading what you see works. What is the start of your brokers trading day, your local time?
ibfx is 0 by GMT, so i believe their trading day always starts by this time and its 8 pm here (by EST)
  • #405
  • Oct 2, 2010 2:11pm Oct 2, 2010 2:11pm
Quoting sashasan
ibfx is 0 by GMT, so i believe their trading day always starts by this time and its 8 pm here (by EST)
So, your H4 candles are formed at 8:00, 12:00, and 4:00--2 hours before mine. Interesting..
  • #406
  • Oct 2, 2010 2:14pm Oct 2, 2010 2:14pm
Quoting lawgirl21
So, your H4 candles are formed at 8:00, 12:00, and 4:00--2 hours before mine. Interesting..
yes, you are correct!
and i believe most of brokers are the same
  • #407
  • Oct 2, 2010 2:20pm Oct 2, 2010 2:20pm
Quoting sashasan
yes, you are correct!
and i believe most of brokers are the same
I have no idea about that. I have only used FXDD. That 3rd tap then, occurred at your 4:00 am candle and my 2:00 am candle. Would you have caught that trade?
  • #408
  • Oct 2, 2010 2:30pm Oct 2, 2010 2:30pm
Quoting lawgirl21
I have no idea about that. I have only used FXDD. That 3rd tap then, occurred at your 4:00 am candle and my 2:00 am candle. Would you have caught that trade?
you mean the yen?
unfortunately no, but will follow up closely starting by this week
  • #409
  • Oct 2, 2010 2:42pm Oct 2, 2010 2:42pm
Quoting sashasan
you mean the yen?
unfortunately no, but will follow up closely starting by this week
This system produces many trades and on the same pairs. That's why it is better, I believe, to limit the number of pairs that are watched.
  • #410
  • Oct 2, 2010 3:30pm Oct 2, 2010 3:30pm
Quoting lawgirl21
This system produces many trades and on the same pairs. That's why it is better, I believe, to limit the number of pairs that are watched.
Here's an example of 3 Tap Trades only (no channel trading, no breakouts) on GU for the last 3 weeks. Now, it is not likely that all of these trades could have been caught ( a trader has to sleep sometimes!) but If that is the only pair being watch...a nice living could be made with just this pair.
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  • #411
  • Oct 2, 2010 3:52pm Oct 2, 2010 3:52pm
CHFJ this week alone had some good entries.... just combing through the charts history for the week some good trades occur on most pairs and alot of them were miss too. In time the eyes will get sharper.

Shelforex

Quoting lawgirl21
Here's an example of 3 Tap Trades only (no channel trading, no breakouts) on GU for the last 3 weeks. Now, it is not likely that all of these trades could have been caught ( a trader has to sleep sometimes!) but If that is the only pair being watch...a nice living could be made with just this pair.
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  • #412
  • Oct 2, 2010 4:53pm Oct 2, 2010 4:53pm
Quoting lawgirl21
Here's an example of 3 Tap Trades only (no channel trading, no breakouts) on GU for the last 3 weeks. Now, it is not likely that all of these trades could have been caught ( a trader has to sleep sometimes!) but If that is the only pair being watch...a nice living could be made with just this pair.
Hi LG

Fantastic work - great stuff!!!! This feels like home!?

In this 3 tap example (post 410), As I understand it, in your system, you wait for month, week, day and 4hr to align. So this is only an example right? You won't be trading both long and short within a week - OR is there another trading system in play here?

Thank you and Cheers
  • #413
  • Oct 2, 2010 5:20pm Oct 2, 2010 5:20pm
Quoting laimonk
Hi LG

Fantastic work - great stuff!!!! This feels like home!?

In this 3 tap example (post 410), As I understand it, in your system, you wait for month, week, day and 4hr to align. So this is only an example right? You won't be trading both long and short within a week - OR is there another trading system in play here?

Thank you and Cheers
You might be trading two directions in a week. Go back and look at GBPUSD H4 chart and re-test the direction of the RSI on the third tap for this last week and the bridge trade for week before last. You will notice that the weekly RSI is at 3:00 on both of these, but daily and H4 have already changed direction. This is when PA steps in and dictates the trade.
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  • #414
  • Oct 2, 2010 5:38pm Oct 2, 2010 5:38pm
Quoting laimonk
Hi LG

Fantastic work - great stuff!!!! This feels like home!?

In this 3 tap example (post 410), As I understand it, in your system, you wait for month, week, day and 4hr to align. So this is only an example right? You won't be trading both long and short within a week - OR is there another trading system in play here?

Thank you and Cheers
Glad to have you here and thanks for the kind words. Monthly does not have to align for 3 taps (unless you are trading on a daily chart.)
  • #415
  • Edited 7:40pm Oct 2, 2010 7:24pm | Edited 7:40pm
http://cdn.forexfactory.com/images/icons/icon1.gif Trade What You See - Almost Naked Trading
THE CHART LOVERS METHOD

I am starting this thread for those of us who love charts..watching them...studying them...analyzing them and of course, making money from them.

My system is simple. It is a basic trend following one using the weekly, daily and H4 charts.

===========================================================

Hi.
Attached is a great little indicator that I just come across that might help with your awesome method Lawgirl.

Thank you for your Method and your precious time it is appreciated greatly.
Leigh.
Attached Image (click to enlarge)
Click to Enlarge Name: Multi TFs.JPG Size: 86 KB
Attached File(s)
File Type: tpl 0 multi tf chart.tpl   376 KB | 955 downloads
File Type: ex4 MiniChart_v12.ex4   37 KB | 1,045 downloads
Our IMAGINATION is the true holy grail!
  • #416
  • Oct 3, 2010 2:52am Oct 3, 2010 2:52am
Hi Lawgirl, I need to precise the RCI role in determining 3 timeframes trend direction. As I understand you compare the RCI moving with hour hand of clock? exactly as clock hour hand shows time you regard direction and angle of RCI moving? Do you determine first the trend just using the RCI moving direction on W, D, H4 and no other tools?/ for example trendlines on W,D,H4/? Sorry for maibe my stuped questions, but I want to understand the role of RCI in your system and if before taking a 3 taps or breakout or channel trade on H4 we must determine the trend on W,D, H4 just and only using direction of RCI moving according to hour hand of clock? Nothing more? Is it correct? Thank you very much for your great work and answers to everybody, Have a great weekend!
  • #417
  • Oct 3, 2010 7:12am Oct 3, 2010 7:12am
Quoting Leigh
http://cdn.forexfactory.com/images/icons/icon1.gif Trade What You See - Almost Naked Trading
THE CHART LOVERS METHOD

I am starting this thread for those of us who love charts..watching them...studying them...analyzing them and of course, making money from them.

My system is simple. It is a basic trend following one using the weekly, daily and H4 charts.

===========================================================

Hi.
Attached is a great little indicator that I just come across...
Thank you Leigh, while I will not add another indicator to my charts, some will find the mini charts useful. Thanks for your kind words.
  • #418
  • Oct 3, 2010 7:21am Oct 3, 2010 7:21am
Quoting lite27
Hi Lawgirl, I need to precise the RCI role in determining 3 timeframes trend direction. As I understand you compare the RCI moving with hour hand of clock? exactly as clock hour hand shows time you regard direction and angle of RCI moving? Do you determine first the trend just using the RCI moving direction on W, D, H4 and no other tools?/ for example trendlines on W,D,H4/? Sorry for maibe my stuped questions, but I want to understand the role of RCI in your system and if before taking a 3 taps or breakout or channel trade on H4 we must determine...
Yes, my initital scan of pairs is looking at RSI direction alone...if all three TFs are either up or down, the pair makes my short list. I disregard any pair that does not have RSI going in the same direction. The disregarded pairs are deleted from my screen. Then I go back through the pairs on my short list one at a time and look for trades. I even write what I am looking for on my chart. I will post an example. BUT before I place a trade, I will again confirm the direction as it may have changed.
  • #419
  • Edited 8:02am Oct 3, 2010 7:28am | Edited 8:02am
Quoting lawgirl21
Yes, my initital scan of pairs is looking at RSI direction alone...if all three TFs are either up or down, the pair makes my short list. I disregard any pair that does not have RSI going in the same direction. The disregarded pairs are deleted from my screen. Then I go back through the pairs on my short list one at a time and look for trades. I even write what I am looking for on my chart. I will post an example. BUT before I place a trade, I will again confirm the direction as it may have changed.
I have looked at the different pairs and made notes to myself on the charts as to what I will be looking for this coming week. May sound crazy, but it works. Here's one example.
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  • #420
  • Oct 3, 2010 8:51am Oct 3, 2010 8:51am
Hi Lawgirl, weekly is forming a triangle too.
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