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Trade What You See - Almost Naked Trading

  • #1,001
  • Oct 8, 2010 10:43am Oct 8, 2010 10:43am
Out with +20 pips.
  • #1,002
  • Oct 8, 2010 10:44am Oct 8, 2010 10:44am
Quoting lawgirl21
Not for me. I more than hit my 100 pip goal this week, although it was rocky at the start of the week. I hope to pull out around 20 pips from NZDUSD, then close down until open on Sunday afternoon.

So you shoot for about 100 pips per week?

do you trade this live? if so, how long have you been successfully trading this at 100 pips per week??

Thanks
  • #1,003
  • Oct 8, 2010 10:54am Oct 8, 2010 10:54am
Quoting PurePrice
So you shoot for about 100 pips per week?

do you trade this live? if so, how long have you been successfully trading this at 100 pips per week??

Thanks
I trade both live and demo, using two separate computers and three screens. Almost every live trade I make, is set up on the demo screen first. I do no trade set-ups on the "live" computer. My "live" computer is used solely to take trades, not to monitor them. I monitor from the demo screen only...place R/S levels, TLs etc. As soon as a demo trade is doing what it is "supposed" to do, I go live. A few pips may be missed, but not enough to notice.
  • #1,004
  • Oct 8, 2010 10:58am Oct 8, 2010 10:58am
Quoting lawgirl21
I trade both live and demo, using two separate computers and three screens. Almost every live trade I make, is set up on the demo screen first. I do no trade set-ups on the "live" computer. My "live" computer is used solely to take trades, not to monitor them. I monitor from the demo screen only...place R/S levels, TLs etc. As soon as a demo trade is doing what it is "supposed" to do, I go live. A few pips may be missed, but not enough to notice.

I find this iteresting.. but what is the reason behind this strategy? I claim ignorance here
  • #1,005
  • Oct 8, 2010 11:00am Oct 8, 2010 11:00am
Quoting PurePrice
I find this iteresting.. but what is the reason behind this strategy? I claim ignorance here
MY ignorance that is, not your of course
  • #1,006
  • Oct 8, 2010 11:06am Oct 8, 2010 11:06am
Quoting PurePrice
I find this iteresting.. but what is the reason behind this strategy? I claim ignorance here
Just works best for me. I found going from demo to live accounts on the same screen/computer frenzied and that is something I have trouble tolerating.

When you switch accounts back and forth, at least with FXDD, the screens change. I even placed a live trade, when I thought I was demoing the trade and vice versa, thought I was in live, only to realize that I had not switched accounts from demo to a live one. Just works best for me, that's all. Not necessarily suggesting that it would for others.
  • #1,007
  • Oct 8, 2010 11:08am Oct 8, 2010 11:08am
Quoting lawgirl21
Just works best for me. I found going from demo to live accounts on the same screen/computer frenzied and that is something I have trouble tolerating.

When you switch accounts back and forth, at least with FXDD, the screens change. I even placed a live trade, when I thought I was demoing the trade and vice versa, thought I was in live, only to realize that I had not switched accounts from demo to a live one. Just works best for me, that's all. Not necessarily suggesting that it would for others.

Sorry, my question was not about using the two screens, but more og using demo and live .. Why do you use demo, if you are trading live?? why not just have the setup on your live account, not on demo ?
  • #1,008
  • Oct 8, 2010 11:13am Oct 8, 2010 11:13am
Quoting PurePrice
Sorry, my question was not about using the two screens, but more og using demo and live .. Why do you use demo, if you are trading live?? why not just have the setup on your live account, not on demo ?
I thought I answered that..just works best for me. Not recommending it for everybody.
  • #1,009
  • Oct 8, 2010 11:15am Oct 8, 2010 11:15am
Quoting lawgirl21
I thought I answered that..just works best for me. Not recommending it for everybody.
Ok, thanks. Do you use the same broker for both?
  • #1,010
  • Oct 8, 2010 11:17am Oct 8, 2010 11:17am
Hi, Lawgirl, Thank you for very good thread. I have 3 questions. 1. As I see you enter from H1 now. Is H4 not good for you or goves fewer signal and later than H1? 2.I noticed,that when H4 candle goes to trendline RSI3 on H4 change it direction and do not allow to enter. W, D and H4 are OK untill our entry candle start moving to our trendline entry. Whats to do? 3.I noticed also,that the most reliable and profitable set ups when we draw trendlins using 2 nearest candles. What is your opinion? Thank you,
  • #1,011
  • Oct 8, 2010 11:22am Oct 8, 2010 11:22am
Hi lawgirl21,

Thanks for a good trade again. I have question. I am doing good analysis using 4hr charts but I always end up in loss.

I enter a trade the price goes up and then I am happy. After few hrs the price turns back and hits my Stop loss. I think i dont know how to use take profit or how to target a specific price range to take profit.

Can you please help me with this?

On a 4hr chart what is usually a tf? or how do you go about tf?

thanks a lot in advance

Amar
  • #1,012
  • Oct 8, 2010 11:25am Oct 8, 2010 11:25am
Quoting PurePrice
Ok, thanks. Do you use the same broker for both?
I do. This is the only way this would work.
  • #1,013
  • Oct 8, 2010 11:31am Oct 8, 2010 11:31am
Quoting lawgirl21
I trade both live and demo, using two separate computers and three screens. Almost every live trade I make, is set up on the demo screen first. I do no trade set-ups on the "live" computer. My "live" computer is used solely to take trades, not to monitor them. I monitor from the demo screen only...place R/S levels, TLs etc. As soon as a demo trade is doing what it is "supposed" to do, I go live. A few pips may be missed, but not enough to notice.
LG.....

what u do now is the good work LG, same what i'm doing to observation the possibility of trade, not how much we get into the trade but quality set the plan to entering the trade ..... and the profitable of the trade ....

i'm using lite fx index for the major currency to be measuring the movement and identify the market rhythm, this can help us to read them, looks like dance with the market rhythm.

have a nice pips ... and a nice weekend

cheer
  • #1,014
  • Oct 8, 2010 11:33am Oct 8, 2010 11:33am
Quoting lite27
Hi, Lawgirl, Thank you for very good thread. I have 3 questions. 1. As I see you enter from H1 now. Is H4 not good for you or goves fewer signal and later than H1? 2.I noticed,that when H4 candle goes to trendline RSI3 on H4 change it direction and do not allow to enter. W, D and H4 are OK untill our entry candle start moving to our trendline entry. Whats to do? 3.I noticed also,that the most reliable and profitable set ups when we draw trendlins using 2 nearest candles. What is your opinion? Thank you,
These are just different types of trades, lite, depending on what we see PA doing. I have discussed them previously, so please look back through the last 20 pages or so and re-read. But basically, the H1 entries are one of the following: the new set up of 1) H4 2 tap, move to H1 for breakout,2) simple breakout of consolidation) or 3) the H1 4 candle breakout .

All three require confirmation of direction on higher TFs.
  • #1,015
  • Oct 8, 2010 11:45am Oct 8, 2010 11:45am
Quoting mrhb30jr
Hi LG,

Just share with you all ....
EUCAD on D1 Tf ...... 1.43xx area Possible Reversal for correction
enclosure D1 TF

1. Move up ± 1226 pips(periods 28 Days)/659 pips correction (38 Days)
2. Move up for ±1226 pips (21/23 Days)/ to be Correction Down ± 597 pips

cheers

hi all, ECAD updated close + 120 pips
Attached Image(s) (click to enlarge)
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Attached Image
  • #1,016
  • Oct 8, 2010 11:48am Oct 8, 2010 11:48am
There is a BUNCH of taps here! Enough to go around for everyone. The D RSI is down, and the W/H4 look like they will roll over. In fact, the current H4 candle (a few minutes to go on it) might end up a pin bar. In any case, it is looking terribly bearish. This may be the start of the conclusion of a Double Top on the H4 chart.

One last release for the week, medium impact CAD in about 1.5 hours.
Attached Image (click to enlarge)
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  • #1,017
  • Oct 8, 2010 12:00pm Oct 8, 2010 12:00pm
Quoting traderathome
There is a BUNCH of taps here! Enough to go around for everyone. The D RSI is down, and the W/H4 look like they will roll over. In fact, the current H4 candle (a few minutes to go on it) might end up a pin bar. In any case, it is looking terribly bearish. This may be the start of the conclusion of a Double Top on the H4 chart.

One last release for the week, medium impact CAD in about 1.5 hours.
But all larger TFs are long still..even monthly, which may be fairly set, now there has been a 6-7 trading days. In any case, are you looking to enter short today, or wait till open on Sunday?

I'm done trading for the week..got to protect my pips. It's only analysis for me now for the weekend.
  • #1,018
  • Oct 8, 2010 12:01pm Oct 8, 2010 12:01pm
Quoting mrhb30jr
hi all, ECAD updated close + 120 pips
That's great, but are you using this thread's trading methods?
  • #1,019
  • Oct 8, 2010 12:08pm Oct 8, 2010 12:08pm
Hi TAT

Tks for the link. Will download into my MT4 and look fwd to participating mre frequently.
  • #1,020
  • Oct 8, 2010 12:13pm Oct 8, 2010 12:13pm
Quoting traderathome
There is a BUNCH of taps here! Enough to go around for everyone. The D RSI is down, and the W/H4 look like they will roll over. In fact, the current H4 candle (a few minutes to go on it) might end up a pin bar. In any case, it is looking terribly bearish. This may be the start of the conclusion of a Double Top on the H4 chart.

One last release for the week, medium impact CAD in about 1.5 hours.
Yes TAT agreed opportunity to short this pair as double top has formed and it has been testing and I think next week can see some move down. My RSI on D, H4 H1 is also pointing down.
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