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Trade What You See - Almost Naked Trading

  • #4,041
  • Nov 12, 2010 7:29am Nov 12, 2010 7:29am
Trading in tight H4 range and 3 Tap trade. Don't like the trigger yet.
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  • #4,042
  • Nov 12, 2010 7:30am Nov 12, 2010 7:30am
Quoting lawgirl21
You are a very quick study, Pete. This seems to come easy for you which means you have a talent for it. It is a little different trading live, but not much.
Thanks people, thanks LG for the encouragement, I still remember my live trading days being way too stressful, but this method and the 4H TF is definitely less stressful.

So I won't trade today as I had enough fun for the week, but for you people, Kiwi has a nice 3 tap, waiting for a trigger.
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  • #4,043
  • Nov 12, 2010 7:55am Nov 12, 2010 7:55am
Hi all,
LG, good thread you started... thanks for sharing!

I post two trades I took this morning on Cad-Jpy e Aud-Jpy ...
They're doing nicely since now ( maybe luck )
I trade a mix of VSA , Wyckoff with trendlines and SR .. almost naked chart except for BetterVolume indy..

Here are the charts...

Many pips,
Indiana
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  • #4,044
  • Nov 12, 2010 8:19am Nov 12, 2010 8:19am
My trade from 2 days ago stopped out with +30 pips.
  • #4,045
  • Nov 12, 2010 8:20am Nov 12, 2010 8:20am
Watching this one for 3-tap.

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"Be the change that you wish to see in the world." --Gandhi
  • #4,046
  • Nov 12, 2010 8:23am Nov 12, 2010 8:23am
Quoting Wally1953
Watching this one for 3-tap.

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It's on my radar too. I not seeing much else out there.
  • #4,047
  • Nov 12, 2010 8:26am Nov 12, 2010 8:26am
Quoting lawgirl21
It's on my radar too. I not seeing much else out there.
3rd tap happened, wait for PA...
  • #4,048
  • Nov 12, 2010 8:28am Nov 12, 2010 8:28am
3rd tap happened, wait for RSIs and PA. keep an eye on this...
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  • #4,049
  • Nov 12, 2010 8:35am Nov 12, 2010 8:35am
BUY EUR/USD
BUY GBP/USD
BUY AUD/USD
SELL USD/CAD

Total profit 100 pips,thanks LG for your strategy
  • #4,050
  • Nov 12, 2010 8:44am Nov 12, 2010 8:44am
Here GU H1. Do you find anything interesting?
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #4,051
  • Nov 12, 2010 8:48am Nov 12, 2010 8:48am
Quoting Precap2
Here GU H1. Do you find anything interesting?
No, not really..
  • #4,052
  • Nov 12, 2010 8:50am Nov 12, 2010 8:50am
Would that huge pinbar influence whether to take this or not?

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"Be the change that you wish to see in the world." --Gandhi
  • #4,053
  • Nov 12, 2010 9:04am Nov 12, 2010 9:04am
Hi Lawgirl

Do you ignore the direction of the rsi 3 when trading the 1hr BO methode

Thanks
  • #4,054
  • Edited 9:23am Nov 12, 2010 9:06am | Edited 9:23am
Quoting Wally1953
Would that huge pinbar influence whether to take this or not?

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I think this trade is over for the week. It had a 150 pip move down earlier from a BO. Direction is still down, but a setup appears to be hours away..if even this week...remember that this is Friday ..and unless you are in a longer TF trade, most trades taken now will carry over the weekend.
  • #4,055
  • Nov 12, 2010 9:08am Nov 12, 2010 9:08am
Quoting jgoedhals
Hi Lawgirl

Do you ignore the direction of the rsi 3 when trading the 1hr BO methode

Thanks
No, not at all. RSI on 3 TFs gives the direction of the set up. Only those pairs that confirm on these TFs are given a "second look".
  • #4,056
  • Nov 12, 2010 9:11am Nov 12, 2010 9:11am
Quoting lawgirl21
No, not at all. RSI on 3 TFs gives the direction of the set up. Only those pairs that confirm on these TFs are given a "second look".
any hints how you decide to take a 1h BO overnight knowing you won't be able to see what the rsi's are doing when pending order is hit? I want to try this. Thanks for so much.
  • #4,057
  • Nov 12, 2010 9:19am Nov 12, 2010 9:19am
Quoting stevewide
any hints how you decide to take a 1h BO overnight knowing you won't be able to see what the rsi's are doing when pending order is hit?
It's a litle risky, but not much. Generally the only thing that will happen is that the trade will not trigger..or which is more likely, that the trade will trigger and the TP will be off. That is why I said earlier that it is a good idea not to try to bank a week's pips on this kind of trade. Stay modest with TP of 20-30 pips.

As far as watching the RSI directions after the trade triggers..they are generally going to go in different directions, especially on the lower TFs. As long as the weekly is still with us, especially from about Wednesday on, the trade generally will turn out fine. The weekly RSI, as I have said many times, is very very powerful.
  • #4,058
  • Nov 12, 2010 9:28am Nov 12, 2010 9:28am
Quoting mikok730
BUY EUR/USD
BUY GBP/USD
BUY AUD/USD
SELL USD/CAD

Total profit 100 pips,thanks LG for your strategy
You are welcome, miko. Glad you are making pips.
  • #4,059
  • Nov 12, 2010 9:31am Nov 12, 2010 9:31am
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"Be the change that you wish to see in the world." --Gandhi
  • #4,060
  • Nov 12, 2010 9:32am Nov 12, 2010 9:32am
hi
lawgirl i see a potential BO down on aud/usd ...do u see same?
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