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Trade What You See - Almost Naked Trading

  • #1,161
  • Oct 11, 2010 8:53pm Oct 11, 2010 8:53pm
Quoting lawgirl21
I am in it.
I was just about to post, take caution as you may see some minor pullbacks as it's at some resistance. Let us know how you manage and go with this trade
Attached Image (click to enlarge)
Click to Enlarge Name: ea-res.gif Size: 49 KB
  • #1,162
  • Oct 11, 2010 9:06pm Oct 11, 2010 9:06pm
Quoting Cencored
Hi Lawgirl,
do you only trade H1 if there was a 2 tap on the h4?
I took a close look at H1 and find that you can trade it separately from any h4 setup. Is that your experience as well?
Yes, absoultely CC. This early in the trading week, there are few good H4 3 tap set-ups. But when trend is clear, look for other ways to enter.

I do not only use H1 BOs for 2 taps on H4. One of my favorite entries is on the H1 4 candle BOs. (now included on Page 1 of this thread)
  • #1,163
  • Edited 9:20pm Oct 11, 2010 9:09pm | Edited 9:20pm
Quoting pierre23
I was just about to post, take caution as you may see some minor pullbacks as it's at some resistance. Let us know how you manage and go with this trade
I'm seeing resistence at around 1.4180, where I have placed my TP.
  • #1,164
  • Oct 11, 2010 9:55pm Oct 11, 2010 9:55pm
Quoting pierre23
I was just about to post, take caution as you may see some minor pullbacks as it's at some resistance. Let us know how you manage and go with this trade
You are right P23, PA has tried to push through that big number 4150 about 6 times on the M15 chart and gets turned back each time.
  • #1,165
  • Oct 11, 2010 10:23pm Oct 11, 2010 10:23pm
Quoting lawgirl21
Yes, absoultely CC. This early in the trading week, there are few good H4 3 tap set-ups. But when trend is clear, look for other ways to enter.

I do not only use H1 BOs for 2 taps on H4. One of my favorite entries is on the H1 4 candle BOs. (now included on Page 1 of this thread)
Yes that's what I meant - the h1 4 candle entry. It can be traded without consultation of the h4, is what my backtesting experience shows. Correct?
Trading Makes Money!
  • #1,166
  • Oct 11, 2010 10:26pm Oct 11, 2010 10:26pm
Quoting lawgirl21
You are right P23, PA has tried to push through that big number 4150 about 6 times on the M15 chart and gets turned back each time.
Yeah its stalling.. looks like it's trying to break out as I type this
  • #1,167
  • Oct 11, 2010 10:42pm Oct 11, 2010 10:42pm
AJ looks good for a short on H1!
Trading Makes Money!
  • #1,168
  • Oct 12, 2010 12:38am Oct 12, 2010 12:38am
Thank you for all of your efforts.

I love the theory, your charts are almost identical to my own.

Trend trading using support and resistance. I love it.
  • #1,169
  • Oct 12, 2010 3:00am Oct 12, 2010 3:00am
Hi lawgirl21,
Thanks for sharing this strategy and dedicating time to following this thread.

I have a question about the initial scan of the pairs. I see you mention that, on the first scan, you look for pairs that have RSI(3) on W1+D1+H4 either all up, either all down.
As H4 might already be on the countertrend to forming the 3rd tap, don't you agree it's possible to have W1+D1 opposite to H4, and yet having a "worth watching" pair?

Check the atached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_H4_2Tap.jpg Size: 191 KB


Thanks for your advise.
  • #1,170
  • Oct 12, 2010 3:03am Oct 12, 2010 3:03am
This was a beautiful trade. I meant to set a pending long trade, but didn't.
Attached Image (click to enlarge)
Click to Enlarge Name: xxx.gif Size: 16 KB
  • #1,171
  • Oct 12, 2010 3:05am Oct 12, 2010 3:05am
Out with +23 pips.
  • #1,172
  • Oct 12, 2010 3:16am Oct 12, 2010 3:16am
Quoting lawgirl21
This was a beautiful trade. I meant to set a pending long trade, but didn't.
oh yes! clearly shows your expertise in this. But I missed it and could not get in at the start of it. anyway using your system of S/R and trend line and also H1 BO I am gaining confidence in the trading.

I also traded Live today in EURUSD going short using M15 BO and HI trendline and made +40 pips after a string of losses previous to your thread..

Thanks !!
  • #1,173
  • Oct 12, 2010 3:17am Oct 12, 2010 3:17am
Quoting lawgirl21
This was a beautiful trade. I meant to set a pending long trade, but didn't.
hi LG,

Nice move USDCHF just check this

http://www.forexfactory.com/showpost...postcount=1040

remember last week i have posting usdlfx
Buy usd .......

http://www.forexfactory.com/showpost...&postcount=938
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 27 KB
  • #1,174
  • Oct 12, 2010 3:24am Oct 12, 2010 3:24am
Quoting lawgirl21
Out with +23 pips.
Hi LG, did you take the EURAUD long on the H1? I entered too late and ended on the close of the h1 candle, which was right at the top...
Trading Makes Money!
  • #1,175
  • Oct 12, 2010 3:25am Oct 12, 2010 3:25am
Quoting lookas
Hi lawgirl21,
Thanks for sharing this strategy and dedicating time to following this thread.

I have a question about the initial scan of the pairs. I see you mention that, on the first scan, you look for pairs that have RSI(3) on W1+D1+H4 either all up, either all down.
As H4 might already be on the countertrend to forming the 3rd tap, don't you agree it's possible to have W1+D1 opposite to H4, and yet having a "worth watching" pair?

Check the atached chart.
Attachment

Thanks for your advise.
Glad to have you here lookas.

Of course, one can have any pair they like on the watch list. But my initial scan is to narrow down that list, in other words, I don't even look at a pair that, at the time I scan them, does not conform on all time frames. THEN I go back to each pair individually and "see what I can see" i.e. look for set-ups. Sometimes at this point, the trade has been missed, sometimes it is just starting, sometimes there is no discernable trade.

I don't generally care which pair/s I trade. If you are watching a particular pair, however, yes it is possible to have H4 in a countertrend as you are watching for that 3rd tap. Hope this makes sense, it is the middle of the night for me...
  • #1,176
  • Oct 12, 2010 3:28am Oct 12, 2010 3:28am
Quoting mrhb30jr
hi LG,

Nice move USDCHF just check this

http://www.forexfactory.com/showpost...postcount=1040

remember last week i have posting usdlfx
Buy usd .......

http://www.forexfactory.com/showpost...&postcount=938
So did you make money on this trade?
  • #1,177
  • Oct 12, 2010 3:29am Oct 12, 2010 3:29am
Quoting mrhb30jr
hi LG,

Nice move USDCHF just check this

http://www.forexfactory.com/showpost...postcount=1040

remember last week i have posting usdlfx
Buy usd .......

http://www.forexfactory.com/showpost...&postcount=938

USDCHF 240MTF don't miss the boat ....
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 28 KB
  • #1,178
  • Oct 12, 2010 3:32am Oct 12, 2010 3:32am
Quoting Cencored
Hi LG, did you take the EURAUD long on the H1? I entered too late and ended on the close of the h1 candle, which was right at the top...
I did. I posted that chart on the last page, I think. I did adjust my TP down a little, because I was tired. Looks like that was a good move.
  • #1,179
  • Oct 12, 2010 3:35am Oct 12, 2010 3:35am
This trade is doing well.
Attached Image (click to enlarge)
Click to Enlarge Name: xxx.gif Size: 17 KB
  • #1,180
  • Oct 12, 2010 3:41am Oct 12, 2010 3:41am
Quoting fxwalla
oh yes! clearly shows your expertise in this. But I missed it and could not get in at the start of it. anyway using your system of S/R and trend line and also H1 BO I am gaining confidence in the trading.

I also traded Live today in EURUSD going short using M15 BO and HI trendline and made +40 pips after a string of losses previous to your thread..

Thanks !!
Oh, I am so pleased! Glad I can be of help.
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