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Attachments: Trade What You See - Almost Naked Trading
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Trade What You See - Almost Naked Trading

  • #3,001
  • Nov 3, 2010 11:37am Nov 3, 2010 11:37am
Quoting Magnat
short you mean?
Yes.
  • #3,002
  • Nov 3, 2010 11:39am Nov 3, 2010 11:39am
Quoting lawgirl21
If you want to see PA in its purest form, switch to a line chart and watch. Still waiting for an entry.
I am giving up on this trade, for now anyway.
Attached Image
  • #3,003
  • Nov 3, 2010 11:47am Nov 3, 2010 11:47am
Firstly, congrats lawgirl on your thread. Nice to see a thread without the huge egos and antagonistic posters.
Dont' like posting after the fact, but heres one i caught earlier using the BO, proved a very nice trade.
looking forward to hopefully contributing more when i get time.

Regards
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  • #3,004
  • Nov 3, 2010 11:50am Nov 3, 2010 11:50am
Quoting lawgirl21
I am giving up on this trade, for now anyway.
Hallo LG,
on your RSI-Chart are some nice TF-Trend-Arrows, could you tell where I can get them also?
There`s no life before COFFEE!
  • #3,005
  • Nov 3, 2010 11:51am Nov 3, 2010 11:51am
Quoting lawgirl21
I am giving up on this trade, for now anyway.

Lawgirl, by using this line chart, how do you decide when to enter??
  • #3,006
  • Nov 3, 2010 12:23pm Nov 3, 2010 12:23pm
Quoting artieboy
Lawgirl, by using this line chart, how do you decide when to enter??
By pure line direction, which is pure PA.
  • #3,007
  • Nov 3, 2010 12:37pm Nov 3, 2010 12:37pm
Quoting lawgirl21
I am giving up on this trade, for now anyway.
For me, this is the most instructive kind of post. I have the hardest time giving up on anything. Here, it's pretty clear that the conditions that set up the trade aren't valid anymore, and you haven't lost much. I'd probably still insist that I must have been right in the first place, and then just watch as the price crept away from me. It's not that hard to learn from this thread when an entrance is likely to be good. But, for me at least, its much harder to trade what I see on the exits as well as the entrances. Thanks again, LG.
  • #3,008
  • Nov 3, 2010 12:59pm Nov 3, 2010 12:59pm
Hi Guys
great great thread, has taken me a week to read every post but thoroughly enjoyed it all, and obviously a major thank you to Lawgirl, you are a 1/1,000,000 person, and a pleasure to know, please keep up all the good work, good karma and bless you.

I have been trading on and off about 5 years, used every indicator known to man and blown up several accounts, but what a great learning process, though expensive, I have taken a break for a few months after my last explosion but I am now back again refreshed and with that traders smell in my nostrils again,
I came across Lawgirls thread and was hooked, the simplicity, the common sense and at times the bleeding obvious, I do believe you have created something here very close to a work of art, respect to you for that and to the many guys on here who have contributed and made this a very interesting and welcoming place to be, good karma and respect to you all.

Anyway back to business, I am still very much learning this work of art and so would just like to say thanks again and wondered if my attachment is a 3 tapper in the making, many thanks to all

respect

Tom
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  • #3,009
  • Nov 3, 2010 1:07pm Nov 3, 2010 1:07pm
Quoting booktimes
Hi Guys
great great thread, has taken me a week to read every post but thoroughly enjoyed it all, and obviously a major thank you to Lawgirl, you are a 1/1,000,000 person, and a pleasure to know, please keep up all the good work, good karma and bless you.

I have been trading on and off about 5 years, used every indicator known to man and blown up several accounts, but what a great learning process, though expensive, I have taken a break for a few months after my last explosion but I am now back again refreshed and with that traders smell in my...
Hi Tom, and welcome to the thread. I also have my eye on that TL. US Elections, FOMC/QE (in a few mins) and NFP are all making me ultra cautious this week tho
  • #3,010
  • Nov 3, 2010 1:11pm Nov 3, 2010 1:11pm
Hi Ph
thanks for reply, yeah their is a lot of news this week and markets will have some fun, I have marked a few other things on different charts, so it is nice to have them confirmed, and glad you saw same as me, great to talk to you
respect

Tom

P.S I am from the UK
  • #3,011
  • Nov 3, 2010 1:22pm Nov 3, 2010 1:22pm
hey guys, the 2 attached charts are in a monthly timeframe and show to possible price moves for eurusd. they are simple and obvious, but thats how the long term game is played . feel free to comment!
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  • #3,012
  • Nov 3, 2010 1:50pm Nov 3, 2010 1:50pm
Quoting NKE
Hi Lawgirl

Dont want to be picky, but your summary post on page 1 indicates that your set up does look for higher TF confirmation on 4 1hr BOs

"The H1 4 Candle Breakout Trade

I have added a new trade set-up to the 3 tap trade discussed above. It works hand and hand with the 3 tap trade.

Often we can see PA going in one direction and want to get in, but need a logical way to do it. Certainly 3 tap is one way, but what if you do not see a good 3 tap set-up on the H4 chart? Then move to the H1 chart and take a look.

The...
Well, I can see where there might be confusion and I'm sorry. I should clarify.

For H1-4C-BOs, yes there is confirmation of direction on the 3 TFs, in fact, that is the only way a pair can make the "short list".

But for Consolidation BOs, by the very nature of price consolidation the TFs may be mixed. The only thing we know for sure is that sooner or later there will be a BO. How we determine direction is by observing PA and confirmation of at least a couple of TFs.
  • #3,013
  • Nov 3, 2010 2:11pm Nov 3, 2010 2:11pm
Quoting lawgirl21
By pure line direction, which is pure PA.

OK sorry i am kind of confused..... you decided not to get into the trade, i'm trying to figure out what made you give up on this one.
  • #3,014
  • Nov 3, 2010 2:20pm Nov 3, 2010 2:20pm
Quoting yogibear
Firstly, congrats lawgirl on your thread. Nice to see a thread without the huge egos and antagonistic posters.
Dont' like posting after the fact, but heres one i caught earlier using the BO, proved a very nice trade.
looking forward to hopefully contributing more when i get time.

Regards
Thanks, yogi. Glad to have you here. Good trade!
  • #3,015
  • Nov 3, 2010 2:58pm Nov 3, 2010 2:58pm
Quoting Ph22
Hi Tom, and welcome to the thread. I also have my eye on that TL. US Elections, FOMC/QE (in a few mins) and NFP are all making me ultra cautious this week tho
That was a great H4 3 tap, shame it triggered on the QE news tho. Too volatile for me so I let it go. Was in another great 3 tap (H4 eurusd) but exited @ BE pre news. Nothing won, but more importantly nothing lost
  • #3,016
  • Nov 3, 2010 3:53pm Nov 3, 2010 3:53pm
Quoting jalkok
Hallo LG,
on your RSI-Chart are some nice TF-Trend-Arrows, could you tell where I can get them also?
Link

http://www.forexfactory.com/showpost.php?p=4127792
  • #3,017
  • Nov 3, 2010 4:13pm Nov 3, 2010 4:13pm
Quoting NKE
I would agree with this

While you might have a trend "for the day", it makes more sense to look at the three sessions as separate trading times

It is a bit confusing at the London open because you have Frankfurt opening 1 hour earlier, which can lead to the "Frankfurt fake out", but in summary Frankfurt opens at 7, London 8 (UK time) and NY 1 pm (8EST) - London will usually make its move and direction fairly clear in the first 15 mins - ditto NY. The exception might be if the market is waiting for news. Generally I would try and trade in...
Do you realize how many obstacles to trading you have thrown up in just those two paragraphs, NKE? That is why I pay little attention to trying to time markets, although I am trying to pay a little more attention to major news releases. Trading when one has the chance to trade is one of the major advantages of my systems. We don't have to even think about a Frankfurt fakeout.
  • #3,018
  • Nov 3, 2010 4:14pm Nov 3, 2010 4:14pm
Quoting vbro
Link

http://www.forexfactory.com/showpost.php?p=4127792
Thank you for finding that link vbro. I will try to put it on page one.
  • #3,019
  • Nov 3, 2010 4:18pm Nov 3, 2010 4:18pm
Quoting lawgirl21
Thank you for finding that link vbro. I will try to put it on page one.
least i can do
  • #3,020
  • Nov 3, 2010 4:21pm Nov 3, 2010 4:21pm
Quoting moesphus
hey guys, the 2 attached charts are in a monthly timeframe and show to possible price moves for eurusd. they are simple and obvious, but thats how the long term game is played . feel free to comment!
Yes, If one has the patience and the money to withstand the drawdowns--like George Soros.
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