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Trade What You See - Almost Naked Trading

  • #2,441
  • Oct 27, 2010 10:08pm Oct 27, 2010 10:08pm
Quoting darkhorsefx
hi lawgirl..
been demoin about 3days now with ur 3top n bottom setups..
i just made all my trade on any confirmed 3tops and bottoms regardless of the trend and RSI... just to see the potential of this method.
i got about 2:1 ratio(win:loss).. looking pretty decent..
ok..so my question is.. when i make a few positions at the same time, i make all my position on the same track; for example if i make positions on eur/usd and usd/jpy, i go long on eur/usd and short on usd/jpy... of course only when i see the 3top and bottom formin up on both trades...
There is no control over news events. (Your post was very hard to read and understand.)
  • #2,442
  • Oct 27, 2010 10:09pm Oct 27, 2010 10:09pm
Quoting Vlad
so what happens now lawgirl??

.................................................

www.deadcount.blogspot.com
Huh??? How about...I'm going to bed.

Don't waste my time, Vlad.
  • #2,443
  • Oct 27, 2010 10:14pm Oct 27, 2010 10:14pm
Longed GU...see where this guy goes.
Close to resistance at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: GU-10-27-10-M15.jpg Size: 229 KB
Listen to the whispers.... You may learn something
  • #2,444
  • Oct 27, 2010 10:17pm Oct 27, 2010 10:17pm
Am Long NZDUSD, GBPUSD, EURUSD. Looking all good on my charts...
Trading Makes Money!
  • #2,445
  • Oct 27, 2010 10:17pm Oct 27, 2010 10:17pm
Quoting Vlad
so what happens now lawgirl??

.................................................

www.deadcount.blogspot.com
Vlad, not sure what you mean but you should at least understand that nobody can predict any market moves.
  • #2,446
  • Oct 27, 2010 11:07pm Oct 27, 2010 11:07pm
Hi Lawgirl

Need yr clarification on the RSI trend direction , as I have seen several times when weekly shows up, Daily shows up, H4 is up then suddenly itkinda change direction on h4, say south. How do u determine if the RSI trend direction is consistent with say H4 tap, or nay other tf taps that we are looking for to enter a trade. BTW like yr clear answer to the entry for the h4 taps according to colour of candles. It helps. Now am more certain to enter my trades if the 3 taps happen with the rite candle formations. Tks.
  • #2,447
  • Oct 27, 2010 11:08pm Oct 27, 2010 11:08pm
Quoting Pervaz
Potential BO

Ideally id like it to follow main trend down south !
Same here Pervaz was also looking at this pair and noticed the H1 consolidation, kinda like gonna BO sooner or later.
  • #2,448
  • Oct 27, 2010 11:11pm Oct 27, 2010 11:11pm
[quote=lawgirl21;4127531]1. When trade is long and 3rd tap candle is long (green), I enter immediately. When trade is short and 3rd tap candle is short (red), I enter immediately, because there has been both a set-up and a trigger in both of these scenarios.

2. It is important that RSI on H4 and RSI on daily and weekly be in same direction before entering the trade. Remember there is a difference between a trade set-up and a trade trigger. The set-up is the 3 taps, the trigger is PA in the right direction. And yes, this is consistent with no. 1 above.

3. I don't trade shorter TFs for the 3 taps, but use shorter TFs for BO entries.[/quote
Tks lawgirl helps a lot on entries, now I know what to do.
  • #2,449
  • Oct 27, 2010 11:12pm Oct 27, 2010 11:12pm
Quoting Pervaz
Potential BO

Ideally id like it to follow main trend down south !

SL hit on USDJPY - buggerations !!

E/G = Still in channel but looking to go north (in sync with the other timeframes except weekly) - Stay Out
  • #2,450
  • Oct 27, 2010 11:40pm Oct 27, 2010 11:40pm
These country timeframe differences is making it hard to keep up with this thread lol..

I've shortted the USDCAD and EURAUD pairs. Screenshots attached
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc-short.jpg Size: 114 KB
Click to Enlarge Name: ea-short.jpg Size: 128 KB
  • #2,451
  • Oct 28, 2010 12:03am Oct 28, 2010 12:03am
Is it me or has it been quite difficult to trade the last few days.
I'm seeing very few convicted set ups and my BO trades have all generated losses!!
I am currently down 80 ++ pips today
  • #2,452
  • Oct 28, 2010 12:38am Oct 28, 2010 12:38am
I'm out, -15pips, very sluggish pair, was getting too close to my 25 pip stop...

I nearly took a BO on the G/U which would have been plus pips.
  • #2,453
  • Oct 28, 2010 12:39am Oct 28, 2010 12:39am
Quoting min
Is it me or has it been quite difficult to trade the last few days.
I'm seeing very few convicted set ups and my BO trades have all generated losses!!
I am currently down 80 ++ pips today
Take a very close look at your results min. Judging by your number of posts, you are just starting out. Do not trade live, trade demo for at least 6 months until you are consistently profitable.

There were plenty of good setups in the last few days.
Trading Makes Money!
  • #2,454
  • Oct 28, 2010 12:42am Oct 28, 2010 12:42am
Quoting pedross
I'm out, -15pips, very sluggish pair, was getting too close to my 25 pip stop...

I nearly took a BO on the G/U which would have been plus pips.
Were you long or short GBPUSD?

I am using 2 different broker platforms and noticed that they had conflicting daily and weekly RSI for this currency pair.

Personally, I am still short this pair and hoping that it will go south.

There appears to be a H4 3 tap as well
  • #2,455
  • Oct 28, 2010 12:44am Oct 28, 2010 12:44am
Quoting Cencored
Take a very close look at your results min. Judging by your number of posts, you are just starting out. Do not trade live, trade demo for at least 6 months until you are consistently profitable.

There were plenty of good setups in the last few days.
THanks for the advice Cencored.

I am only trading demo for now...

I definitely have a long way to go. I can only hope I remain humble and take on the advice of all the seasoned traders here.
  • #2,456
  • Oct 28, 2010 12:45am Oct 28, 2010 12:45am
Quoting min
Were you long or short GBPUSD?

I am using 2 different broker platforms and noticed that they had conflicting daily and weekly RSI for this currency pair.

Personally, I am still short this pair and hoping that it will go south.

There appears to be a H4 3 tap as well

OOPSS!! sorry. I was talking about the wrong pair. Excuse me
  • #2,457
  • Oct 28, 2010 12:47am Oct 28, 2010 12:47am
Four period one hour breakout long on GPBJPY. Any thoughts with London opening in 14 minutes?
  • #2,458
  • Oct 28, 2010 12:49am Oct 28, 2010 12:49am
Quoting duffypratt
Four period one hour breakout long on GPBJPY. Any thoughts with London opening in 14 minutes?
London does not open for another hour. Frankfurt opens in 14 minutes...
Trading Makes Money!
  • #2,459
  • Oct 28, 2010 12:49am Oct 28, 2010 12:49am
Quoting min
Were you long or short GBPUSD?

I am using 2 different broker platforms and noticed that they had conflicting daily and weekly RSI for this currency pair.

Personally, I am still short this pair and hoping that it will go south.

There appears to be a H4 3 tap as well
I took the kiwi, not the GU, if I took the GU it would have been a 4 1H candle BO long with TP at psych lev of 5800
  • #2,460
  • Oct 28, 2010 12:50am Oct 28, 2010 12:50am
Quoting pedross
I took the kiwi, not the GU, if I took the GU it would have been a 4 1H candle BO long with TP at psych lev of 5800
Yeah I was talking about the Kiwi... Somehow got confused!

I am short the kiwi at the moment. This was a 3 tap trade for me.
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