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Trade What You See - Almost Naked Trading

  • #1,721
  • Oct 19, 2010 10:10pm Oct 19, 2010 10:10pm
Quoting fxwalla
too true.... but i was looking at smaller TF and went shrt instead of long and now stuck ...do i cover losses and get out here or is there a chance of it coming down ??
Looks to me like it is in a nice channel/ditch trade. Bouncing off the bottom TL up to a least a resistence level. There is always a chance PA will turn around. H4 and daily are long. Weekly is short. Monthly is long. You will have to make that decision.
  • #1,722
  • Oct 19, 2010 10:16pm Oct 19, 2010 10:16pm
Quoting lawgirl21
Scrutch--I was checking out your chart above and understood all your markings except for the red horizontal lines. The top one looked like a S/R line, but what was the bottom one marking? That was a beautiful trade.
Full length colored horizontal lines are longer term dynamic S/R's.
Short length white horizontal lines are short term dynamic S/R's.
These are something I've been toying with in tandem with your methodology. BTW, these look totaly different now than they did when I posted the chart above as we have started on a new trading day. Still trying to decide if I like them as is or if they need some tweaking.
I was kind enough to turn off my AML's indicator before posting (along with the direction arrows I've been testing) so I would not confuse the issue here. I can't trade without me AML's..., need some kind of cover so I'm not totaly naked.
Did a full exit about three hours ago @ 78.79 for +110.5 per when it tagged below the 78.78 tweezer bottom (M30) and started pushing back up.

Edit: Draw a trend line on your H1 (EC) beginning at the bullish high about eight bars prior to your period separator and connect it to the first bullish bar on the right side of your period separator. Then switch to a H4 and you should be able to see the H4 3tap.
Listen to the whispers.... You may learn something
  • #1,723
  • Oct 19, 2010 10:28pm Oct 19, 2010 10:28pm
Quoting lawgirl21
Looks to me like it is in a nice channel/ditch trade. Bouncing off the bottom TL up to a least a resistence level. There is always a chance PA will turn around. H4 and daily are long. Weekly is short. Monthly is long. You will have to make that decision.
ok...thanks for your help...i will be watching this thread for more info...
  • #1,724
  • Oct 19, 2010 10:46pm Oct 19, 2010 10:46pm
Edit: Draw a trend line on your H1 (EC) beginning at the bullish high about eight bars prior to your period separator and connect it to the first bullish bar on the right side of your period separator. Then switch to a H4 and you should be able to see the H4 3tap.[/quote]


That did the trick..I see the tap now. Thanks..
  • #1,725
  • Oct 19, 2010 10:47pm Oct 19, 2010 10:47pm
For the ones that like to trade the British/Swiss...
H4 3tap and H14 BO has occured, might be a bit risky to chase it.
Listen to the whispers.... You may learn something
  • #1,726
  • Oct 19, 2010 10:58pm Oct 19, 2010 10:58pm
EC is showing minor congestion with a possible break to the North.
I see a weak H4 and D1 up with a neutral W1 up. If it does make a H14 BO all RSI should be showing strong up by then.

Edit: Now the H4 has flopped to neutral... gotta watch em.
Listen to the whispers.... You may learn something
  • #1,727
  • Oct 19, 2010 10:58pm Oct 19, 2010 10:58pm
Trying to learn how to post charts but entered short
  • #1,728
  • Oct 19, 2010 11:22pm Oct 19, 2010 11:22pm
Quoting geocolo
Trying to learn how to post charts but entered short
That should be a good trade, geo.
  • #1,729
  • Oct 19, 2010 11:48pm Oct 19, 2010 11:48pm
Quoting lawgirl21
That should be a good trade, geo.
Sure hope so, like this method. Hopefully, first of many trades this way.
  • #1,730
  • Oct 20, 2010 12:56am Oct 20, 2010 12:56am
I'm in short too geo, but on my chart I entered the 3T trade about 6 hours ago!

In at 81.384

Pedross
  • #1,731
  • Oct 20, 2010 2:38am Oct 20, 2010 2:38am
Quoting SteveHopwood
I made 100 pips on the EU tank today and would have made a lot more if I had not been busy coding ane merely left the 100 pips default tp in place.

I would also have made a shed-load more had I had the box-trading ea in place, so I have coded it.

In the attached zip is the new box-trading ea, plus the existing ea's plus a basic user guide pdf.

Anyone trying to use Atr to set a tp needs to download the latest buy/sell ea's; I included the inputs in the original but forgot to actually code a response to them. I really must stop doing that....
Thank you again Steve!
Will the box-trading ea considers to open only with the same direction of the 3 RSI?
(That what LG BO mean )
If it isn't, maybe two ea ' one for short break and one for long break will be the best for LG BO system.
Sorry with my broken English.
  • #1,732
  • Oct 20, 2010 2:41am Oct 20, 2010 2:41am
Quoting Scrutch
... If it does make a H14 BO all RSI should be showing strong up by then.

Edit: Now the H4 has flopped to neutral... gotta watch em.
What is H14?
******************* I'd rather make money than be right.
  • #1,733
  • Oct 20, 2010 2:53am Oct 20, 2010 2:53am
Quoting 4xStar
What is H14?
H1 4 candle BO.
Trading Makes Money!
  • #1,734
  • Oct 20, 2010 2:58am Oct 20, 2010 2:58am
Quoting Cencored
H1 4 candle BO.
Thanks
******************* I'd rather make money than be right.
  • #1,735
  • Oct 20, 2010 3:03am Oct 20, 2010 3:03am
AJ has retraced to the bottom of its long consolidation area ... if it fails here, could be one big short...
Attached Image (click to enlarge)
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******************* I'd rather make money than be right.
  • #1,736
  • Oct 20, 2010 4:13am Oct 20, 2010 4:13am
Quoting 4xStar
AJ has retraced to the bottom of its long consolidation area ... if it fails here, could be one big short...
I'll go short at 79.69 with a very very tight sl,( about 10-12 pips)
Hero calls followed by margin calls...
  • #1,737
  • Oct 20, 2010 4:22am Oct 20, 2010 4:22am
Quoting PhAnTi'
I'll go short at 79.69 with a very very tight sl,( about 10-12 pips)
Where did you get that number, 79.69?
******************* I'd rather make money than be right.
  • #1,738
  • Oct 20, 2010 4:33am Oct 20, 2010 4:33am
Quoting 4xStar
Where did you get that number, 79.69?
I'm sorry it's 79.49 ...missed one level
watch att.

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #1,739
  • Oct 20, 2010 4:38am Oct 20, 2010 4:38am
Quoting geocolo
Sure hope so, like this method. Hopefully, first of many trades this way.
Nice pips, geo!
Attached Image (click to enlarge)
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  • #1,740
  • Oct 20, 2010 4:41am Oct 20, 2010 4:41am
I set a pending long order on this pair before bed which triggered. BO trade.
Attached Image (click to enlarge)
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