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Trade What You See - Almost Naked Trading

  • #1,901
  • Oct 22, 2010 2:07am Oct 22, 2010 2:07am
Quoting ramik
I'm long-hope this graph looks better.
W1 is in a downtrend on GBPUSD.
According the rules posted on the 1st page of this thread we should not take any long trades
  • #1,902
  • Oct 22, 2010 2:52am Oct 22, 2010 2:52am
thnx for analysis help guys , it helped me a lot
Help to be helped.
  • #1,903
  • Oct 22, 2010 2:55am Oct 22, 2010 2:55am
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad,h4.gif Size: 46 KB
  • #1,904
  • Oct 22, 2010 3:18am Oct 22, 2010 3:18am
Quoting lawgirl21
H1 4 candle BO trade short
Hi LG, I am a little by your breakout lines as they don't appear (to me) to be marking the HH and LL of the 1st 4 candles as stated in post 1.?
My chart looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: ujpy.JPG Size: 98 KB
  • #1,905
  • Oct 22, 2010 4:20am Oct 22, 2010 4:20am
Covered gold short. 60 dollars approx. Going out for Halloween this year.
  • #1,906
  • Oct 22, 2010 4:32am Oct 22, 2010 4:32am
Did anyone trade the 3 taps long on USDCHF? Sorry i cannot upload chart to show you all. That would have been a profitable trade but unfortunately I missed it. --- was preparing dinner.
  • #1,907
  • Edited 7:18am Oct 22, 2010 5:12am | Edited 7:18am
Steve,
I do not remember where I found this indi, but it draws trendlines nicely (which I cannot do to save my life). See if you can use it in your EA. If you CAN use it the EA can be on fully auto mode.

p.s. My apologies. I found it on your FTLR thread.
Attached File(s)
File Type: mq4 SHI_Channel_true.mq4   8 KB | 614 downloads
  • #1,908
  • Oct 22, 2010 8:33am Oct 22, 2010 8:33am
One of the things that I've noticed while demoing the 3-Tap trades is that there are trades every day, and that it can be quite time consuming to watch for all of them.

I decided that I am going to try to do all of my 3-Tap trading 9 pm EST Wednesday night through 2 pm EST on Thursday. It's a much more manageable time for me. Besides, it seems like there are a lot of trades in that time frame.

I must admit that my trading style is not "pure", as I am working on creating a hybridized method between LG's style and David486's that is profitable and suits my personality.

This week I think that I over learned my lessons from last week when 7 of my 9 trades reached their profit target. Last week, my last trade was 50% of the way to its profit target before it reversed and hit my SL.

This week I was far too determined to not let a winner become a loser. So much so, that I did not allow my trades to have any breathing room. 6 of 10 trades were profitable this week. At least, 2 of my 4 losses would have been profitable had I not become too impatient.

Nonetheless, I still made 75 pips demoing 3 Tap trades. Next week, I am going to include the H1 4 Candle breakout trades.

I am going to keep working at it, until I finalizing my take on this system before going live.

LG, Steve, and others thanks for all the great analysis and feedback.
  • #1,909
  • Oct 22, 2010 8:58am Oct 22, 2010 8:58am
Hi LG, can u tell me where I can find this indi which is on your charts pls? I can't seem to find it (unless it's part of EA which I don't use so haven't checked zip file.)
Thanks!
Attached Image
  • #1,910
  • Oct 22, 2010 9:16am Oct 22, 2010 9:16am
Quoting bobby2
Attachment
Did you make pips on that trde bobby?
  • #1,911
  • Oct 22, 2010 9:20am Oct 22, 2010 9:20am
Quoting lawgirl21
Did you make pips on that trde bobby?
I entered this one on the H1 4candle Bo. Had a loser because I did not take profit at the previous top...
Trading Makes Money!
  • #1,912
  • Oct 22, 2010 9:26am Oct 22, 2010 9:26am
Quoting Ph22
Hi LG, I am a little by your breakout lines as they don't appear (to me) to be marking the HH and LL of the 1st 4 candles as stated in post 1.?
My chart looks like this:
Your support line (bottom line) is off, needs to be moved up to the body, not the tail of the LL of the first four candles. Your resistence line (top line) is a little off too. Move it down to the HH body, not tail of the same 4 candles.
Attached Image
  • #1,913
  • Oct 22, 2010 9:36am Oct 22, 2010 9:36am
Quoting MayinFx
Did anyone trade the 3 taps long on USDCHF? Sorry i cannot upload chart to show you all. That would have been a profitable trade but unfortunately I missed it. --- was preparing dinner.
Actually, there were three beautiful H4 3 tap trade set-ups on that pair this week. Don't worry about missing a trade, May, there will be many more that you will not miss. Just keep finding the trades, as that helps train the eye.
Attached Image (click to enlarge)
Click to Enlarge Name: 4x.gif Size: 16 KB
  • #1,914
  • Oct 22, 2010 9:42am Oct 22, 2010 9:42am
Quoting Ph22
Hi LG, can u tell me where I can find this indi which is on your charts pls? I can't seem to find it (unless it's part of EA which I don't use so haven't checked zip file.)
Thanks!
It's on page 1 of this thread.
http://cdn.forexfactory.com/attachme...4&d=1287228501
  • #1,915
  • Oct 22, 2010 9:46am Oct 22, 2010 9:46am
Quoting Cencored
I entered this one on the H1 4candle Bo. Had a loser because I did not take profit at the previous top...
Yes, I noticed that this trade was only good for a short time. There will be many more good trades.
  • #1,916
  • Oct 22, 2010 9:47am Oct 22, 2010 9:47am
Quoting lawgirl21
It's on page 1 of this thread.
http://cdn.forexfactory.com/attachme...4&d=1287228501
Thanks LG, I don't used EA's so hadn't checked that.
  • #1,917
  • Oct 22, 2010 9:51am Oct 22, 2010 9:51am
Quoting lawgirl21
Your support line (bottom line) is off, needs to be moved up to the body, not the tail of the LL of the first four candles. Your resistence line (top line) is a little off too. Move it down to the HH body, not tail of the same 4 candles.
Hi LG, yeah I thought that might be the problem. Hope u don't mind me suggesting that u edit your post on page 1 to reflect that it is the body of the candle. It just says HH/LL of candles which I think most ppl would take to include wicks. Thanks for the clarification
  • #1,918
  • Oct 22, 2010 9:53am Oct 22, 2010 9:53am
Quoting Ph22
Thanks LG, I don't used EA's so hadn't checked that.
It's not really an EA..it's just an indicator that shows us all TFs at a glance. Not sure why Steve calls it an EA. Still need to confirm direction visually for yourself before trading.
  • #1,919
  • Oct 22, 2010 9:54am Oct 22, 2010 9:54am
Quoting Ph22
Hi LG, yeah I thought that might be the problem. Hope u don't mind me suggesting that u edit your post on page 1 to reflect that it is the body of the candle. It just says HH/LL of candles which I think most ppl would take to include wicks. Thanks for the clarification
That's a great idea, I will do that. Thanks for the suggestion.
  • #1,920
  • Oct 22, 2010 10:00am Oct 22, 2010 10:00am
Quoting Ph22
Hi LG, yeah I thought that might be the problem. Hope u don't mind me suggesting that u edit your post on page 1 to reflect that it is the body of the candle. It just says HH/LL of candles which I think most ppl would take to include wicks. Thanks for the clarification
Done! Thanks again Ph.
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