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Trade What You See - Almost Naked Trading

  • #3,341
  • Nov 8, 2010 7:19am Nov 8, 2010 7:19am
Quoting FxCba
Can you give me a link where to read about this system?
Dude, you ARE reading it! Page 1 has all the details.
  • #3,342
  • Nov 8, 2010 7:19am Nov 8, 2010 7:19am
Quoting FxCba
Can you give me a link where to read about this system?
Here is the link http://www.forexfactory.com/showthread.php?t=257876
.
  • #3,343
  • Edited 7:35am Nov 8, 2010 7:19am | Edited 7:35am
Quoting NKE
Hi there

I suggest you read post 1 again, as that answers your entry question - the third tap is the set up, but you must wait for price action to confirm b4 you enter trade - ie that bar or the following bar must be going in the right direction for the trade (all RSIs confirming)- you will need to decide how much confirmation you need b4 you enter; there are various confirmation methods discussed in the thread

As to exit - again there are quite a few discussions on that in this thread; I suggest you read the thread and make some notes about...

Thank you for your response here, NKE. I could not have responded better.

These kinds of questions are why I have never thought of this method as a beginners method...because it assumes certain knowledge i.e. that one knows how to draw TLs, can find S/R levels, knows about proper MM, knows when to exit a trade, etc. Although we have several new traders who are doing very well.

Thanks again for jumping in to answer questions...it really helps me and I greatly appreciate it.
  • #3,344
  • Nov 8, 2010 7:21am Nov 8, 2010 7:21am
Quoting pippete
Dude, you ARE reading it! Page 1 has all the details.
doh
Thank you
  • #3,345
  • Nov 8, 2010 7:22am Nov 8, 2010 7:22am
Quoting pippete
Dude, you ARE reading it! Page 1 has all the details.
(A doctor who says "Dude"..I'm loving it!)
  • #3,346
  • Nov 8, 2010 7:25am Nov 8, 2010 7:25am
just out of curiousity,do you also watch how other pairs doing when entering position?
  • #3,347
  • Nov 8, 2010 7:27am Nov 8, 2010 7:27am
3 Tap trade on H1 chart
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  • #3,348
  • Nov 8, 2010 7:38am Nov 8, 2010 7:38am
Quoting lawgirl21
3 Tap trade on H1 chart
Good Morning LG,
I'm watching this trade on H4 and should be in it in about 20 min

whip
  • #3,349
  • Nov 8, 2010 7:38am Nov 8, 2010 7:38am
Quoting LolCat
just out of curiousity,do you also watch how other pairs doing when entering position?
I don't...it's all I can do to watch the trades I am interested in.
  • #3,350
  • Nov 8, 2010 7:45am Nov 8, 2010 7:45am
A BO on H4 chart
Attached Image
  • #3,351
  • Nov 8, 2010 8:05am Nov 8, 2010 8:05am
LG, This is what my AUDUSD, H4 chart looks like. I've noticed that your charts and mine give slightly different candles.

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  • #3,352
  • Nov 8, 2010 8:06am Nov 8, 2010 8:06am
Hi LG.....In on both trades.......My limit for US session
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  • #3,353
  • Nov 8, 2010 8:08am Nov 8, 2010 8:08am
3 tap.
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  • #3,354
  • Nov 8, 2010 8:11am Nov 8, 2010 8:11am
Quoting Ph22
3 tap.
u shorted?
Hero calls followed by margin calls...
  • #3,355
  • Nov 8, 2010 8:12am Nov 8, 2010 8:12am
Quoting PhAnTi'
u shorted?
I did. Watching PA closely now on m15.
  • #3,356
  • Nov 8, 2010 8:19am Nov 8, 2010 8:19am
I'm in it short too...as a tight little ditch (channel) trade.
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  • #3,357
  • Nov 8, 2010 8:22am Nov 8, 2010 8:22am
sorry guys this doesn't really refer to topic , but euraud reached histo low...

histo low = strongest support lvl

someone long? : )
Hero calls followed by margin calls...
  • #3,358
  • Nov 8, 2010 8:23am Nov 8, 2010 8:23am
Quoting lawgirl21
I'm in it short too...as a tight little ditch (channel) trade.
Hi LG, your ditch channel is similar to your BO channel. Interested in how u differentiate them when deciding whether to play the channel bounces or await the BO?
  • #3,359
  • Nov 8, 2010 8:27am Nov 8, 2010 8:27am
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any comments?
Hero calls followed by margin calls...
  • #3,360
  • Nov 8, 2010 8:29am Nov 8, 2010 8:29am
LG , what broker do u use ?i use admiral with mt4 GMT time and on aud i have something little different ...
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