Trade What You See - Almost Naked Trading | Page 31 | 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

  • #601
  • Oct 4, 2010 8:59pm Oct 4, 2010 8:59pm
anyone been watching the ozzie??? loooks like it may be tradeable soon.if it breaks 9665 to the downside with a 3rd tap on the next 4h candle, it may break to the downside - comments please.
actually, looking at it again,wondering whether my trendline is drawn correctly, perhaps it should have started from the first candle of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 23 KB
  • #602
  • Oct 4, 2010 9:00pm Oct 4, 2010 9:00pm
Quoting bluemele
What do you think, 36.04 or so for a TP?

Seems like a lot of support @ 36....
Unless you are already in this trade, I would not enter until PA breaks below bottom support line on the H1 chart. Move to 15M chart when PA goes on the move again and wait for a candle close clear of the support line. Then, look to TP area.
  • #603
  • Oct 4, 2010 9:05pm Oct 4, 2010 9:05pm
Quoting dimlat
anyone been watching the ozzie??? loooks like it may be tradeable soon.if it breaks 9665 to the downside with a 3rd tap on the next 4h candle, it may break to the downside - comments please.
actually, looking at it again,wondering whether my trendline is drawn correctly, perhaps it should have started from the first candle of the day.Attachment
yes, looks like
accordingly to my chart it should be entered even now?

Attached Image (click to enlarge)
Click to Enlarge Name: aussi.gif Size: 18 KB
  • #604
  • Oct 4, 2010 9:07pm Oct 4, 2010 9:07pm
actually, just noticed that the RSI on the 4 hour has just turned neutral, so probably not viable at the moment.
  • #605
  • Oct 4, 2010 9:16pm Oct 4, 2010 9:16pm
Quoting dimlat
actually, just noticed that the RSI on the 4 hour has just turned neutral, so probably not viable at the moment.
There is a rate decision coming at 11.30pm. Maybe after the announcement to enter.
  • #606
  • Oct 4, 2010 9:16pm Oct 4, 2010 9:16pm
also, support at 9665, need to be cautious, i think.
  • #607
  • Oct 4, 2010 9:17pm Oct 4, 2010 9:17pm
Quoting JGforex7780
There is a rate decision coming at 11.30pm. Maybe after the announcement to enter.
thanks for that - makes sense.
  • #608
  • Oct 4, 2010 9:30pm Oct 4, 2010 9:30pm
Thanks flamenco - useful indie
  • #609
  • Oct 4, 2010 10:18pm Oct 4, 2010 10:18pm
Lawgirl this is an awsome forum and Ive been studing your trading stradegy for 2 weeks now. Can you please tell me what PA,TL, and TF means? Thank you so much for all your help here.
  • #610
  • Oct 4, 2010 10:41pm Oct 4, 2010 10:41pm
anybody on the aussie. 3 taps and breakout. Nice Pa.

chonghm
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 40 KB
  • #611
  • Oct 4, 2010 10:47pm Oct 4, 2010 10:47pm
hi all,

i have been following this and i still do have problems regarding the RSI direction although i read thru the thread again n again.. can any helpful give advice on this?

1. regarding the RSI for the 3 tap trade, lawgirl mentioned that all RSI must be pointing the same way as the direction u trade. This means that we can trade against the trend(which is the PA forming HH/HL, in the case of uptrend), as long as the RSI is in tandem, which means we can short on an uptrend(like channel trade)???

2. about taking the trade, for a 3 tap trade to occur, we should enter the trade on the third tap, however, on the 3rd tap on the TL, the RSI will definitely be pointing at a different direction as the daily and weekly RSI, since it is a pullback. So we do not take a trade on the 3rd tap, but wait for the RSI on the 4hr to turn to our desired direction, which is same as the daily and weekly RSi. Hence, we will never enter right on the 3rd tap on the TL.

thx so much for ur help in advance.
  • #612
  • Oct 4, 2010 11:26pm Oct 4, 2010 11:26pm
Quoting forxsniper1
Lawgirl this is an awsome forum and Ive been studing your trading stradegy for 2 weeks now. Can you please tell me what PA,TL, and TF means? Thank you so much for all your help here.
PA - price action
TL - trend line
TF - time frame
  • #613
  • Oct 5, 2010 12:43am Oct 5, 2010 12:43am
Quoting pierre23
See attached image. If price breaks the top horizontal line with momentum I will exit my trade. The pullback to this area was fully expected, however if it continues up with force I will close out. Playing the waiting game
Broke through top line with some force.. closed trade +76pips. There could be a 3 tap H4 for a short developing, see screenshot.. only time will tell. I personally think the next few days we could see it drop lower but hey, I've been wrong many times before
Attached Image (click to enlarge)
Click to Enlarge Name: 3tap.jpg Size: 58 KB
  • #614
  • Oct 5, 2010 12:52am Oct 5, 2010 12:52am
Quoting pierre23
Broke through top line with some force.. closed trade +76pips. There could be a 3 tap H4 for a short developing, see screenshot.. only time will tell. I personally think the next few days we could see it drop lower but hey, I've been wrong many times before
Terrific trade!
  • #615
  • Oct 5, 2010 12:58am Oct 5, 2010 12:58am
Quoting lawgirl21
Terrific trade!
Thank you
  • #616
  • Oct 5, 2010 1:25am Oct 5, 2010 1:25am
i went to sleep (London) and think i missed the ozzie breakout, (though i am glad i called it right)- question, is it too late to join the party?? views please.
  • #617
  • Oct 5, 2010 2:22am Oct 5, 2010 2:22am
This is my first post to this forum after reading it throughly... Nice thread LG!


Attached Image (click to enlarge)
Click to Enlarge Name: 3taptrade.gif Size: 14 KB
Failure is the mother of success: learn from 'her'
  • #618
  • Oct 5, 2010 3:48am Oct 5, 2010 3:48am
I bailed out early instead of waiting for price to further develop. But by the way I got plenty of pips....


+74

This trade could have 100+ pips in total
Failure is the mother of success: learn from 'her'
  • #619
  • Oct 5, 2010 6:15am Oct 5, 2010 6:15am
Lawgirl, two comments on the RSI trend confirmation.

1. As we use the RSI only for trend direction , what is the purpose of the 50 level ?

2. The W RSI could be misleading on monday or tuesday , as the RSI direction may not have matured sufficiently to keep up with the PA.
  • #620
  • Oct 5, 2010 7:06am Oct 5, 2010 7:06am
Quoting K7420
I bailed out early instead of waiting for price to further develop. But by the way I got plenty of pips....


+74

This trade could have 100+ pips in total
The great investor/trader Bernard Baruch said, "I do not try to predict the absolute top or the bottom. I am looking to take that middle 1/3, but I want to take it over and over again."

That's what you did here (or better). Now do it over and over again and you will obtain real wealth. Excellent job!
13 traders viewing now