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Trade What You See - Almost Naked Trading

  • #2,321
  • Oct 27, 2010 3:20am Oct 27, 2010 3:20am
I'm watching this setup but will wait for close of current H4 candle

Quoting lite27
Is somebody selling euro now? Every requarement is met. RSI on W and D down and price is attaking H4 trendline.
  • #2,322
  • Oct 27, 2010 3:22am Oct 27, 2010 3:22am
Quoting lite27
Is somebody selling euro now? Every requarement is met. RSI on W and D down and price is attaking H4 trendline.
It helps if u can post a chart of what u are seeing
  • #2,323
  • Oct 27, 2010 3:59am Oct 27, 2010 3:59am
I dont know how to post a chart. Can you tell me how to do this,please?
  • #2,324
  • Oct 27, 2010 4:13am Oct 27, 2010 4:13am
Quoting lite27
I dont know how to post a chart. Can you tell me how to do this,please?
See post No. 278 (p19) from PurePrice. Alternatively if u are using MT4 u can right click on the chart u want and "save as picture", active chart (as is) and post as above.
  • #2,325
  • Oct 27, 2010 4:36am Oct 27, 2010 4:36am
Not too keen on this pair so one for the demo but watching this for a BO trade.
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  • #2,326
  • Oct 27, 2010 4:46am Oct 27, 2010 4:46am
I have not done well these past 2 mos. - I guess I just haven't been reading the charts correctly or following this and another strategy according to the rules. But last night was a modest turnaround as I printed out LG's 1H strategy & read it 2X. Sold the E/$ a little after 8pm CDT @ 1.3823 and got my TP hit @ 1.3778 (around 2am). Bought the $/Y @ 81.72 and TP hit @ 81.97 (close to 3 am).

The 1H works nicely for me as the new day on FXDD is 4pm (CDT) and there is absolutely no stress in figuring SL & TPs. I have never had much success with overnight trades but with 4 TFs watching the RSI this seems pretty foolproof. Luck did play a factor as neither trade exceeded my TP by much so tight parameters are necessary. Thank you LawGirl21.
  • #2,327
  • Oct 27, 2010 5:01am Oct 27, 2010 5:01am
GBUSD is forming a third tap maybe today , on the top of this channel! I will try to enter this , i have placed an EA sell.
Attached Image (click to enlarge)
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Help to be helped.
  • #2,328
  • Oct 27, 2010 5:57am Oct 27, 2010 5:57am
Quoting Lazar83
GBUSD is forming a third tap maybe today , on the top of this channel! I will try to enter this , i have placed an EA sell.


  • #2,329
  • Oct 27, 2010 5:59am Oct 27, 2010 5:59am
Well Steve's ea works I set it up on demo when I left work and it was in 2 trades for profit when I got in this am

Using the trendline1 indi I posted, you can edit the TL to T so steve's ea will see it
I just want to confirm that the indi is placing the TL at the correct place

LG can you let me know?
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Attached File(s)
File Type: mq4 Trendlines1.mq4   10 KB | 715 downloads
  • #2,330
  • Oct 27, 2010 6:28am Oct 27, 2010 6:28am
Quoting lawgirl21
This BO trade is doing well. Anyone in it?
Hit my TP +35 pips.
  • #2,331
  • Oct 27, 2010 6:30am Oct 27, 2010 6:30am
Quoting lawgirl21
The same
Was good for 30-40 pips.
  • #2,332
  • Oct 27, 2010 6:33am Oct 27, 2010 6:33am
Quoting lawgirl21
the same
Wow..this pair really did well over 100 pips.
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  • #2,333
  • Oct 27, 2010 6:34am Oct 27, 2010 6:34am
Quoting lawgirl21
I was long this pair on a daily 3 tap trade when the news came out and AUD tanked. I got out -50 pips. Then reviewing the trade, I found all directions had changed and there was a 3 tap daily trade short...I don't remember that ever happening!
Still in this trade. Up about 35 pips.
  • #2,334
  • Oct 27, 2010 6:36am Oct 27, 2010 6:36am
Quoting lawgirl21
Wow..this pair really did well over 100 pips.

Much of this was from last night's news spike.

Thanks for the excellent thread.
  • #2,335
  • Oct 27, 2010 6:37am Oct 27, 2010 6:37am
Quoting Jcpfx
9:00 here too, you must be West Coast U.S.? I don't seem to run across too many here in my time zone.
Yes, I'm in southern California.
  • #2,336
  • Oct 27, 2010 6:39am Oct 27, 2010 6:39am
Quoting smile1
Hey lawgirl,
Thanks for the great thread! I'm learning a lot from you.
I'm curious as to why you went long on the AUDJPY daily when there's a lot of resistance right above it.

It was perfect 3 tap long trade before the news came out. The resistence was over 100 pips above my entry.
  • #2,337
  • Oct 27, 2010 6:42am Oct 27, 2010 6:42am
Quoting AndreasF
Sell setup on H4 for a 3-tap
This did not set-up on my chart...did you take a short trade?
  • #2,338
  • Oct 27, 2010 6:45am Oct 27, 2010 6:45am
Quoting pedross
Out for +18 after hesitating PA.

It may still rise, but 18 is 18 pips!
A banked pip is always a good thing!
  • #2,339
  • Oct 27, 2010 6:51am Oct 27, 2010 6:51am
Quoting losingtrades
I short this also. But went in abit late. now -10pips.
  • #2,340
  • Oct 27, 2010 6:54am Oct 27, 2010 6:54am
Quoting piprac
I have not done well these past 2 mos. - I guess I just haven't been reading the charts correctly or following this and another strategy according to the rules. But last night was a modest turnaround as I printed out LG's 1H strategy & read it 2X. Sold the E/$ a little after 8pm CDT @ 1.3823 and got my TP hit @ 1.3778 (around 2am). Bought the $/Y @ 81.72 and TP hit @ 81.97 (close to 3 am).

The 1H works nicely for me as the new day on FXDD is 4pm (CDT) and there is absolutely no stress in figuring SL & TPs. I have never had much success with overnight...

You are welcome! Glad you are having success.
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