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Trade What You See - Almost Naked Trading

  • #641
  • Oct 5, 2010 8:31am Oct 5, 2010 8:31am
yes, i see
and nzd the same
  • #642
  • Edited 9:06am Oct 5, 2010 8:32am | Edited 9:06am
should one consider a short on AUDUSD as this taps the upper TL? Would watch for PA to turn down as the next H4 begins.
Thanks for your efforts & training LG. Much appreciated. No BS here!
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  • #643
  • Oct 5, 2010 8:34am Oct 5, 2010 8:34am
Quoting sashasan
yes, i see
and nzd the same
That's right--same thing.
  • #644
  • Oct 5, 2010 8:40am Oct 5, 2010 8:40am
Quoting lawgirl21
If you are watching this trade, move to the M5 chart and look at how many times PA has knocked on the door and been turned back...very interesting.
I've just entered a short trade.
  • #645
  • Oct 5, 2010 8:42am Oct 5, 2010 8:42am
Good morning everyone!

Potential 3-Tap trade on AudUsd. If 4H RSI turns down and we see PA in our favor, is this a good setup?
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  • #646
  • Oct 5, 2010 8:52am Oct 5, 2010 8:52am
Hi LG, I've been following this for more than a week now, and I think its great. Just keep it simple!!! keep it up. I'm already applying it but not perfectly. I need to be discipline on it.
  • #647
  • Oct 5, 2010 8:53am Oct 5, 2010 8:53am
Quoting lawgirl21
I've just entered a short trade.
is it just based on s/r levels?

i mean all rsi's are still long
(i see that only 1 actually in strong move up)
  • #648
  • Oct 5, 2010 9:04am Oct 5, 2010 9:04am
also, just interesting, do you use "cover" trades if see that you missed the trend? i mean same type position at the top or bottom when trend starts to do a retracement
  • #649
  • Oct 5, 2010 9:05am Oct 5, 2010 9:05am
Quoting sashasan
is it just based on s/r levels?

i mean all rsi's are still long
(i see that only 1 actually in strong move up)
I am sure LG will correct me if I am wrong but I doubt she considers RSI when taking an s/r trade such as that one. Always RSI will be heading wrong way when price is hitting major support or resistance that's why she moves down to m15/m5. I think all 3 higher RSI agreeing is for channels and taps.
  • #650
  • Oct 5, 2010 9:21am Oct 5, 2010 9:21am
Quoting Ph22
I am sure LG will correct me if I am wrong but I doubt she considers RSI when taking an s/r trade such as that one. Always RSI will be heading wrong way when price is hitting major support or resistance that's why she moves down to m15/m5. I think all 3 higher RSI agreeing is for channels and taps.
You are exactly right and thanks for explaining! I just assumed it was understood that this was not a 3 tap trade.
  • #651
  • Oct 5, 2010 9:37am Oct 5, 2010 9:37am
I don't know if anyone remembers a post last week..chart notes to myself. (Re-posted below). Take a look at what has happened in the last few candles. Looks like PA has finally broken through the support line.

Notice that this is a Breakout trade, not a 3 tap trade.
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  • #652
  • Oct 5, 2010 9:38am Oct 5, 2010 9:38am
nzd already broken 55 pips level
looks like it will continue to go up
  • #653
  • Oct 5, 2010 9:42am Oct 5, 2010 9:42am
PA knocking on the weekly door again.
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  • #654
  • Oct 5, 2010 9:44am Oct 5, 2010 9:44am
Quoting sashasan
nzd already broken 55 pips level
looks like it will continue to go up

A piggy-backed tap..risky.
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  • #655
  • Oct 5, 2010 9:45am Oct 5, 2010 9:45am
Quoting lawgirl21
PA knocking on the weekly door again.
i am negative 50 pips on this already
  • #656
  • Oct 5, 2010 9:52am Oct 5, 2010 9:52am
Quoting sashasan
i am negative 50 pips on this already
I am too, but I want to see if it will hold above this level.
  • #657
  • Oct 5, 2010 10:03am Oct 5, 2010 10:03am
btw, canadian dollar could be also entered short at 8am candle because of the 50 level breakout on all tf's, which is not the primary (but like secondary) type of signal here
  • #658
  • Oct 5, 2010 10:19am Oct 5, 2010 10:19am
Hello Lawgirl!

I awoke late this morning to find the market topsy turvey and went to forexfactory to read news to find out what happened (CBs at it again!). Anyway, I saw this "Almost Naked Trading" which caught my eye (yes, I knew it meant few indicators).

And, shazam! Here you are.....with your own new thread.

I have only scanned the first several pages at this posting, but I wanted to jump to congratulate you, and to wish you the best at sharing and helping others to grow profitable in this sometimes very mean marketplace.

I love simplicity (comes with old age) and may jump in here and there, for a test ride....so keep the setups posted! Be liberal with sharing wisdom and insight, as givers are the real receivers. Pay no mind critics. The money grubbers in the market would love all traders to be overloaded with indicators to mislead them. A trading method that is simple and successful is to them, what the cross is to Dracula!

Hold the cross high and let all come who will.

Sincerely,
traderathome
  • #659
  • Oct 5, 2010 10:31am Oct 5, 2010 10:31am
Quoting lawgirl21
I am too, but I want to see if it will hold above this level.
I believe the trend in going down. RSI at 4hr is 90. 1HR shows the trend is reversing
  • #660
  • Oct 5, 2010 10:35am Oct 5, 2010 10:35am
Quoting traderathome
Hello Lawgirl!

I awoke late this morning to find the market topsy turvey and went to forexfactory to read news to find out what happened (CBs at it again!). Anyway, I saw this "Almost Naked Trading" which caught my eye (yes, I knew it meant few indicators).

And, shazam! Here you are.....with your own new thread.

I have only scanned the first several pages at this posting, but I wanted to jump to congratulate you, and to wish you the best at sharing and helping others to grow profitable in this sometimes very mean marketplace.

I...
What an honor, TAH! You have positively made my week. Your generosity of well wishes and encouragement has moved me to tears. Thank you so much and please jump in whenever you can.
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