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Trade What You See - Almost Naked Trading

  • #4,741
  • Nov 17, 2010 5:25pm Nov 17, 2010 5:25pm
Quoting PurePrice
Quick scan off all RSI(s) to be in alignment on any pair and I see nothing... anyone else??
You are so right. This is the only interesting pair that I see now and I'm not sure what it's doing. Had a weak H4 3 Tap set up. Now looks more like a consolidation setup.
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  • #4,742
  • Nov 17, 2010 5:25pm Nov 17, 2010 5:25pm
Good Evening LG, good evening everyone...

Pureprice, did you see that:
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  • #4,743
  • Nov 17, 2010 5:57pm Nov 17, 2010 5:57pm
H4-3T
RSI's strong up
EG is pushing on resistance
Waiting for PA to push the button
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Listen to the whispers.... You may learn something
  • #4,744
  • Nov 17, 2010 6:03pm Nov 17, 2010 6:03pm
Might be worth a looksee....
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  • #4,745
  • Nov 17, 2010 6:07pm Nov 17, 2010 6:07pm
H4-3T
Waiting to see if W1-RSI will turn up, it's just about to become a weak up
EC is pushing on resistance
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Listen to the whispers.... You may learn something
  • #4,746
  • Nov 17, 2010 6:32pm Nov 17, 2010 6:32pm
A little resistance just ahead, then should be good for 30 pips, or not. My first BO trade. Comments welcome. :nerd:

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"Be the change that you wish to see in the world." --Gandhi
  • #4,747
  • Edited 7:10pm Nov 17, 2010 6:48pm | Edited 7:10pm
Wally...NO comment necessary...
Quoting Wally1953
A little resistance just ahead, then should be good for 30 pips, or not. My first BO trade. Comments welcome. :nerd:
Attachment
Edit: BTB (ByTheBook) this is a H4-3T trade.
I understand what you're talking about by calling it a BO trade though.
We would need to wait a bit for any H1-4C-BO trades.
Listen to the whispers.... You may learn something
  • #4,748
  • Nov 17, 2010 6:55pm Nov 17, 2010 6:55pm
Quoting Wally1953
A little resistance just ahead, then should be good for 30 pips, or not. My first BO trade. Comments welcome. :nerd:

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This was a different BO trade from the ones we ordinarily see, but I like it. You marked a resistence area and an uptrend line and entered at the BO of the resistence line. Did you use a lower TF for entry?

I'm in it as a H4 3 Tap trade.
  • #4,749
  • Nov 17, 2010 6:58pm Nov 17, 2010 6:58pm
May be still a chance to get in...

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"Be the change that you wish to see in the world." --Gandhi
  • #4,750
  • Nov 17, 2010 7:03pm Nov 17, 2010 7:03pm
A 3 Tap daily trade. Look to confirmation on weekly and monthly for longer TFs. Give this trade more room than you would a shorter TF trade.
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  • #4,751
  • Nov 17, 2010 7:05pm Nov 17, 2010 7:05pm
Quoting lawgirl21
This was a different BO trade from the ones we ordinarily see, but I like it. You marked a resistence area and an uptrend line and entered at the BO of the resistence line. Did you use a lower TF for entry?

I'm in it as a H4 3 Tap trade.
Yes, I watched the 15M. After it broke resistance line, there were two 15M bars with up closes, so I jumped in.

May I ask what was different about this BO trade than the usual ones?
"Be the change that you wish to see in the world." --Gandhi
  • #4,752
  • Nov 17, 2010 7:10pm Nov 17, 2010 7:10pm
Quoting Wally1953
May be still a chance to get in...

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I am not sure how you are marking your BOs. Where are your S/R levels?
  • #4,753
  • Nov 17, 2010 7:24pm Nov 17, 2010 7:24pm
Quoting lawgirl21
I am not sure how you are marking your BOs. Where are your S/R levels?
I guess I should mark those as well. Here is a 4H chart, easier to see S/R levels on this. The bottom line is support. I would place my stop just below this line. The top line is resistance. I would place my TP just below this line. Is that what you mean by marking S/R levels?

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"Be the change that you wish to see in the world." --Gandhi
  • #4,754
  • Nov 17, 2010 7:28pm Nov 17, 2010 7:28pm
Another 3 Tap trade daily setting up. Wait for daily RSI.
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  • #4,755
  • Nov 17, 2010 7:31pm Nov 17, 2010 7:31pm
Quoting Wally1953
I guess I should mark those as well. Here is a 4H chart, easier to see S/R levels on this. The bottom line is support. I would place my stop just below this line. The top line is resistance. I would place my TP just below this line. Is that what you mean by marking S/R levels?

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OK, I see. Now what are you looking for PA to do before you enter?
  • #4,756
  • Nov 17, 2010 7:39pm Nov 17, 2010 7:39pm
Quoting Scrutch
H4-3T
Waiting to see if W1-RSI will turn up, it's just about to become a weak up
EC is pushing on resistance
May finally be breaking upward.
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  • #4,757
  • Nov 17, 2010 7:40pm Nov 17, 2010 7:40pm
AUDJPY

Here is a daily chart with the same 3 lines I marked on the H4 chart. Look at the bottom line and to the left...all those daily bars that couldn't break through this area. Resistance became support. This should be very strong support I suppose.

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"Be the change that you wish to see in the world." --Gandhi
  • #4,758
  • Nov 17, 2010 7:50pm Nov 17, 2010 7:50pm
Quoting lawgirl21
OK, I see. Now what are you looking for PA to do before you enter?
Here is a 15M chart, and how I might enter this trade on lower timeframe. Would you use similar criteria?

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"Be the change that you wish to see in the world." --Gandhi
  • #4,759
  • Nov 17, 2010 7:51pm Nov 17, 2010 7:51pm
Quoting Wally1953
AUDJPY

Here is a daily chart with the same 3 lines I marked on the H4 chart. Look at the bottom line and to the left...all those daily bars that couldn't break through this area. Resistance became support. This should be very strong support I suppose.

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I see you really like charts too! Looking for a move up to your 82.13 area, if PA can break the current level. Then maybe down again to that support level. We finally have a few pairs with monthly and weekly lining up..making a powerful bias for that particular trend direction. This is one of the pairs.
  • #4,760
  • Nov 17, 2010 7:56pm Nov 17, 2010 7:56pm
Quoting lawgirl21
May finally be breaking upward.
Hi LG,
Watching this Pair Too To BO. Hope Up.
I wanna ask : Is this Methode is Fit To Commodities (Gold, Silver,Oil)??
and Haow about Index (Nikkei, Hangseng, Kospi)? did you ever try That?
Thank for sharring ..
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