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Trade What You See - Almost Naked Trading

  • #461
  • Oct 4, 2010 4:06am Oct 4, 2010 4:06am
Thanks for the advice I would have gotten stop out if I took the EJ trade. So I assume as long daily and weekly RSi points upwards before touching I can take the long trade and vice versa right?
Quoting sebastianzl
i am using ibfx and weekly is showing down and price is below weekly open
  • #462
  • Oct 4, 2010 4:44am Oct 4, 2010 4:44am
during retracement while the touching the 3rd point, wouldnt the rsi be pointing against the trend as its retraceing..
  • #463
  • Oct 4, 2010 5:48am Oct 4, 2010 5:48am
great thread Lawgirl thanks for your system i play near the same i dont use rsi
  • #464
  • Oct 4, 2010 6:17am Oct 4, 2010 6:17am
Hi free84,
what do you use to confirm entry? thanks
Quoting free84
great thread Lawgirl thanks for your system i play near the same i dont use rsi
  • #465
  • Oct 4, 2010 6:36am Oct 4, 2010 6:36am
just engulfing candelle or hammer in 15 mn just where the 3rd tapes occur
  • #466
  • Edited 7:38am Oct 4, 2010 7:19am | Edited 7:38am
Did finally break out and down for about 40 pips, but I missed it... was asleep.
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  • #467
  • Oct 4, 2010 7:23am Oct 4, 2010 7:23am
Quoting juzgood1978
Looks like a nice one coming?

I was watching this pair for a Breakout trade. It did breakout short for about 70 pips.
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  • #468
  • Oct 4, 2010 7:27am Oct 4, 2010 7:27am
Quoting leis
Had to go out so closed with 30 pips profit...Thanks for sharing your trading style LawGirl, finding it really helpful
Good job, but please draw your trendlines for us to see.
  • #469
  • Oct 4, 2010 7:31am Oct 4, 2010 7:31am
..came out of the H4 channel that it as been in for weeks, then went right back into it.
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  • #470
  • Oct 4, 2010 7:37am Oct 4, 2010 7:37am
Quoting juzgood1978
Can I clarify that we can solely use the RSI pointing up and down to define trend or using the whole higher high lower low to determine?
It's a 2 step process done in this order:
1. scan using RSI for direction
2. only on pairs with confirm direction, study PA and draw TLs
  • #471
  • Oct 4, 2010 7:42am Oct 4, 2010 7:42am
Morning lawgirl21

Are you long on the CAD as this mets your entry requirements

WFX
  • #472
  • Oct 4, 2010 7:53am Oct 4, 2010 7:53am
Quoting wickstedFX
Morning lawgirl21

Are you long on the CAD as this mets your entry requirements

WFX
I'm not in that trade, WFX.
  • #473
  • Oct 4, 2010 7:55am Oct 4, 2010 7:55am
I'm in this trade, short.
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  • #474
  • Oct 4, 2010 8:01am Oct 4, 2010 8:01am
Quoting lawgirl21
I'm in this trade, short.
lawgirl, are you real or demo?

shows a little bit different on ibfx :

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  • #475
  • Oct 4, 2010 8:03am Oct 4, 2010 8:03am
Quoting sashasan
lawgirl, are you real or demo?
Both.
  • #476
  • Oct 4, 2010 8:07am Oct 4, 2010 8:07am
Anyone long here? It's taking off.
  • #477
  • Oct 4, 2010 8:11am Oct 4, 2010 8:11am
Good morning Lawgirl, I hope you are fine over there

But why short on E/G ?

Weekly is long, daily is long, and 4 H you go short ?
  • #478
  • Oct 4, 2010 8:13am Oct 4, 2010 8:13am
Quoting lawgirl21
Anyone long here? It's taking off.
i was on demo

btw, looks like you entered without sl?
  • #479
  • Oct 4, 2010 8:17am Oct 4, 2010 8:17am
Quoting Dortmunder
Good morning Lawgirl, I hope you are fine over there
Thank you, sun is not up yet, but I'm sure it will be a fine day...most are in California. How about you, is it cold yet?
  • #480
  • Oct 4, 2010 8:21am Oct 4, 2010 8:21am
Quoting lawgirl21
Anyone long here? It's taking off.
I'm short as I see this as another pullback...
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