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Trade What You See - Almost Naked Trading

  • #2,261
  • Oct 26, 2010 3:26pm Oct 26, 2010 3:26pm
Quoting podgy
Wow,wheres ur stop on that one LG....
is this the one?bar not formed yet
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  • #2,262
  • Oct 26, 2010 3:37pm Oct 26, 2010 3:37pm
What an excellent thread.
Thank you Lawgirl for sharing so openly, and the rest of you out there.
I've been in the fx doldrums for a while, but you have ignited my enthusiasm again.
I am going to start demo trading these methods soon, but before I do I have a question about the above EA.
I prefer a light coloured background on my charts and want to change the Pair Colour from yellow to black.
I can do this easily enough from the EA's inputs window, but can't get it to save. I'm probably missing some really simple step. (My computer skills definately need work!).
Would anyone be able to give me step by step instructions to make the change?
Many thanks in anticipation
  • #2,263
  • Oct 26, 2010 3:50pm Oct 26, 2010 3:50pm
Quoting tarquin1
What an excellent thread.
Thank you Lawgirl for sharing so openly, and the rest of you out there.
I've been in the fx doldrums for a while, but you have ignited my enthusiasm again.
I am going to start demo trading these methods soon, but before I do I have a...
Change it to black and then save the template. It should open after that with your colour.
  • #2,264
  • Oct 26, 2010 4:04pm Oct 26, 2010 4:04pm
Does steve's Ea place the trade or does it just give an alert
Doesn't seem to place the order for me. has it worked for others
  • #2,265
  • Oct 26, 2010 4:20pm Oct 26, 2010 4:20pm
Thanks Simmo.
Got it.
  • #2,266
  • Oct 26, 2010 4:25pm Oct 26, 2010 4:25pm
hello everyone
Actualy I have a question .. how do you get a "quote" to display below your names?
  • #2,267
  • Oct 26, 2010 4:34pm Oct 26, 2010 4:34pm
Quoting dialpips
hey man focus on ur univ. and stop popping in here to disturb. we are not interested weather u ar 20 or 40. yu know what u want and focus on it. here is for serious minded people interested in the fx mkt and not charlatans. when u ar ready u can come back. there is a lot of time for everyone at the right time t, place p, and moment m. best of luck.
Dial,

don't presume to speak for me please.

Teach at the pace of the slowest. I am a slow learner, so I know the benefit of kind hearted folk.

Thankyou.
  • #2,268
  • Oct 26, 2010 4:55pm Oct 26, 2010 4:55pm
Hi All

I am currently testing out LG's strategy and would appreciate any feedback.
I went into a breakout trade of the EURUSD trade 9 hours ago before going to bed. The green line in my chart indicates the H4 support area and the blue line indicates the daily support area.

I have currently made > 50 pips on this trade but I am thinking of leaving it to run as there are no areas of S/R near to where the price currently is. Also looks like a 3 tap on the H1 as well although this is not part of LG's 3 tap strategy.

Does anyone have any thoughts on this?

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  • #2,269
  • Oct 26, 2010 4:56pm Oct 26, 2010 4:56pm
Quoting dryclean
Does steve's Ea place the trade or does it just give an alert
Doesn't seem to place the order for me. has it worked for others
I haven't used it so I can't help.
  • #2,270
  • Oct 26, 2010 5:44pm Oct 26, 2010 5:44pm
Quoting min
Hi All

I am currently testing out LG's strategy and would appreciate any feedback.
I went into a breakout trade of the EURUSD trade 9 hours ago before going to bed. The green line in my chart indicates the H4 support area and the blue line indicates the daily support area.

I have currently made > 50 pips on this trade but I am thinking of leaving it to run as there are no areas of S/R near to where the price currently is. Also looks like a 3 tap on the H1 as well although this is not part of LG's 3 tap strategy.

Does anyone have any thoughts...
I would take half off the table, move the other half to BE+ then let it ride. The 3 taps should work on any TF, just don't expect big numbers on the smaller TFs.
  • #2,271
  • Oct 26, 2010 5:52pm Oct 26, 2010 5:52pm
Quoting min
Hi All

I am currently testing out LG's strategy and would appreciate any feedback.
I went into a breakout trade of the EURUSD trade 9 hours ago before going to bed. The green line in my chart indicates the H4 support area and the blue line indicates the daily support area.

I have currently made > 50 pips on this trade but I am thinking of leaving it to run as there are no areas of S/R near to where the price currently is. Also looks like a 3 tap on the H1 as well although this is not part of LG's 3 tap strategy.

Does anyone have any thoughts...
It's currently at support on the H4 chart from 10/18, and the dip on 10/22 is pretty close. That may be too far back for you, but the support areas are pretty much in the same range.

As for what you should do, there are probably as many answers as there are traders. You could 1) take your pips (never a bad idea) 2) move the stop up to where you will get something on the trade, but still let it ride; 3) split the trade, closing part of the position and letting the rest go (perhaps with a stop); 4) set a trail stop; 5) set a jumping stop; etc., etc.

Just keep in mind, there are two things that mess with almost every trader's mind: fear and greed. Whatever you do, just ask yourself if you are doing it for a reason, or whether you are just letting one of those two demons get to you. For me, what that means is that I should be confident that my decision was right at the time I make it, no matter what the market decides to do to (or for) me. And for me that's alot harder to do than it is to say.
  • #2,272
  • Oct 26, 2010 6:08pm Oct 26, 2010 6:08pm
I am short UJ at the moment. Entry at 81.494. I am mindful that BOJ might intervene and dispense another dose of Viagra to limp Yen pairs anytime so have place tight SL.
Anyone in on USDJPY?
  • #2,273
  • Oct 26, 2010 6:09pm Oct 26, 2010 6:09pm
Quoting lawgirl21
Oh I like trades like that and I remember that chart. You have really analysized well and with patience this should be a good trade. Keep us posted.
The 4hour candle just closed ON the support line (on my chart) just then. Kinda dangerous as you can see, because the last 4 times price was at this area it just bounced off of it as well as there's no strong reaction around this point anymore (it's floating around this line too long).

Yellow arrow is the candle I entered on, profit to be had however due to work I had to leave the chart a TP which never got hit (TP @ bottom of blue resistance box). I will observe for some momo upward.. if none, I'll cut my losses short!

Edit: Just realised some news releases are coming out for AUD in about an hour and a bit.. for the sake of my trade I hope we get some negative figures Also a few EUR news releases later today
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  • #2,274
  • Oct 26, 2010 6:24pm Oct 26, 2010 6:24pm
Quoting podgy
Wow,wheres ur stop on that one LG....
This moves so slowly, that I have not even bothered with a stop yet.
  • #2,275
  • Oct 26, 2010 6:28pm Oct 26, 2010 6:28pm
I'm still short this pair. Took half off table. Letting the other half ride. Up about 75 pips now.
  • #2,276
  • Oct 26, 2010 6:30pm Oct 26, 2010 6:30pm
Quoting min
Hi All

I am currently testing out LG's strategy and would appreciate any feedback.
I went into a breakout trade of the EURUSD trade 9 hours ago before going to bed. The green line in my chart indicates the H4 support area and the blue line indicates the daily support area.

I have currently made > 50 pips on this trade but I am thinking of leaving it to run as there are no areas of S/R near to where the price currently is. Also looks like a 3 tap on the H1 as well although this is not part of LG's 3 tap strategy.

Does anyone...

Thanks LG & Duffypratt

I have noticed that on the 15 minute chart, it seems to be ranging between 1.38630 and 1.38443. I shall hold on to the position and see where it breaks out. If it breaks to the upside i shall close my position then.

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  • #2,277
  • Oct 26, 2010 6:31pm Oct 26, 2010 6:31pm
Am long this pair on a 3 tap daily trade.
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  • #2,278
  • Oct 26, 2010 6:34pm Oct 26, 2010 6:34pm
[quote=4xStar;4124148]I didn't see any comments on that nearly 400 pip move on GBPCHF today .. did anyone catch it? I did not & that was my fault .. I'm now doing a re-analysis to see why I missed something so huge .. and obvious! At least in retrospect
It was a perfect H1 box bo trade.... geez....[/quote

Hi 4xStar,
I would have missed GBPCHF trade anyway because I don't normally trade that pair. But I am now looking at it with interest and that pair is now consolidating. Another chance of BO trade, I would think. GBPJPY another potential BO trade
MayinFx
  • #2,279
  • Oct 26, 2010 6:35pm Oct 26, 2010 6:35pm
Am short this pair on an H4 BO that is not going anywhere.
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  • #2,280
  • Oct 26, 2010 6:43pm Oct 26, 2010 6:43pm
Hey LG,

Thanks for the posts - I found it all very interesting.

My question is: What should I do if the 3rd Tap goes through the trend line. See for example eur/jpy H4 now
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