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Trade What You See - Almost Naked Trading

  • #4,721
  • Nov 17, 2010 10:48am Nov 17, 2010 10:48am
Getting ready for work..good pipping everyone!
  • #4,722
  • Nov 17, 2010 10:50am Nov 17, 2010 10:50am
LG, When you say look for price action on lower timeframe are you looking for something specific i.e. 15 min bar closing higher than previous two candles. Or is more general?
  • #4,723
  • Nov 17, 2010 11:31am Nov 17, 2010 11:31am
Quoting PurePrice
looking for 25 pips at 13565
Just checking back on my trades .. this out worked out perfectly and exited at 1.3565 where it bounced down, as expected ... this one was a long BO for +25 pips.
  • #4,724
  • Nov 17, 2010 11:36am Nov 17, 2010 11:36am
Still short on those 2 trades with about +20 pips each ... but things are slowing down .. pondering if I should exit
  • #4,725
  • Nov 17, 2010 11:52am Nov 17, 2010 11:52am
Quoting lawgirl21
I[color=red] have been noticing for the last week or so that many of you are all over the map with 3 Tap trades..going back weeks, even months on H4 charts, drawing 3 Tap TLs and trying to get the RSIs to "fit"....
She has given a good harangue, but I think bottom line is she wants everyone to go as little backward in time as necessary.
When you take this advice into consideration you notice something, the entire purpose of this thread might be to go in line with weekly trend. So when I see weekly RSI pointing up and H1 and/or H4 pointing down, I quickly rush to place my TL and look for a 3T on either H1 or H4 (or both). Once the 3T happens, I then wait for H1/H4 RSI to turn up and I enter long. And vice versa for short.
I'm I in order LG? I have enjoyed this method of trading your style though.

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #4,726
  • Nov 17, 2010 11:54am Nov 17, 2010 11:54am
Quoting PurePrice
Still short on those 2 trades with about +20 pips each ... but things are slowing down .. pondering if I should exit
low volume
Hero calls followed by margin calls...
  • #4,727
  • Nov 17, 2010 12:08pm Nov 17, 2010 12:08pm
Leading Economists Urge Fed To End QE2

http://www.rttnews.com/ArticleView.aspx?Id=1483761
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #4,728
  • Nov 17, 2010 12:46pm Nov 17, 2010 12:46pm
EURUSD RSI arrow's are pointing down except D1. Do we need all arrows to consider short or we can make an exception?

Cheers
  • #4,729
  • Nov 17, 2010 12:52pm Nov 17, 2010 12:52pm
Possible BO, but has tried it a few hours ago and again it's having a hard time for RSI an PA to align.
  • #4,730
  • Nov 17, 2010 1:03pm Nov 17, 2010 1:03pm
On my watch list, which is very small at this point
Attached Image (click to enlarge)
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Listen to the whispers.... You may learn something
  • #4,731
  • Nov 17, 2010 1:09pm Nov 17, 2010 1:09pm
Quoting FXMajors
EURUSD RSI arrow's are pointing down except D1. Do we need all arrows to consider short or we can make an exception?

Cheers
Back on page 1 LG stated "All three TF's must be in agreement" the H4,D1 and Weekly. Anything pointing between 2:30 and 3:30 is a risky trade or considered neutral.
  • #4,732
  • Nov 17, 2010 1:34pm Nov 17, 2010 1:34pm
That would have to be your choice.
You will find however, that the quality trades come from following the rules as laid out.
Look at the RSI now, the H4 is rocking back and forth from neutral to weak up or down.
Making up your mind to not take a position is taking a position, perhpas not what you want, but it's what the market is trying to tell you...and it seems that the market is always right.

Quoting FXMajors
EURUSD RSI arrow's are pointing down except D1. Do we need all arrows to consider short or we can make an exception?

Cheers
Listen to the whispers.... You may learn something
  • #4,733
  • Nov 17, 2010 2:33pm Nov 17, 2010 2:33pm
On my watch closely list, which is just about blank today.
H4-3T setting up
H4-RSI a bit weak
Spread is a bit wide for some
Limited upside potential IMHO, because of overhead resistance.
Attached Image (click to enlarge)
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Listen to the whispers.... You may learn something
  • #4,734
  • Nov 17, 2010 3:12pm Nov 17, 2010 3:12pm
CJ's bus is on the move...missed it but if it makes a pullback I might get a ticket.
Not a valid H4-3T but it was close.
Listen to the whispers.... You may learn something
  • #4,735
  • Nov 17, 2010 3:18pm Nov 17, 2010 3:18pm
Quoting FXMajors
EURUSD RSI arrow's are pointing down except D1. Do we need all arrows to consider short or we can make an exception?

Cheers
Still watching here. New trading day in 40 mins so if price keeps moving down we may get the daily rsi in tune. Also now a potential combo H4 3 tap and H4 BO short
Attached Image (click to enlarge)
Click to Enlarge Name: EU_H4_3_tap_&_BO.png Size: 47 KB
  • #4,736
  • Nov 17, 2010 3:43pm Nov 17, 2010 3:43pm
Hope this one works out for me.
Attached Image (click to enlarge)
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  • #4,737
  • Nov 17, 2010 3:59pm Nov 17, 2010 3:59pm
Quoting lbhales
hope this one works out for me.
sweeeeeeeeeeeeeeeeeeet.. 1HR candle just closed below support .. good sign for a continuation down .. let's hope
  • #4,738
  • Nov 17, 2010 4:27pm Nov 17, 2010 4:27pm
Quoting Ph22
Still watching here. New trading day in 40 mins so if price keeps moving down we may get the daily rsi in tune. Also now a potential combo H4 3 tap and H4 BO short
Thanks Ph2
  • #4,739
  • Nov 17, 2010 4:32pm Nov 17, 2010 4:32pm
Quoting dfstone32
LG, When you say look for price action on lower timeframe are you looking for something specific i.e. 15 min bar closing higher than previous two candles. Or is more general?
No, not that specific. I want to see that PA is actually going in the direction in which I am looking.

For H1 4C BO trades, I do want to see a close of a M15 candle outside the S/R line, and lately, I've been waiting to see some PA for the next candle as well.
  • #4,740
  • Nov 17, 2010 4:42pm Nov 17, 2010 4:42pm
Quick scan off all RSI(s) to be in alignment on any pair and I see nothing... anyone else??
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