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Trade What You See - Almost Naked Trading

  • #5,101
  • Nov 21, 2010 8:06pm Nov 21, 2010 8:06pm
Quoting Fitness09
No, live account.
You will recoup it..
  • #5,102
  • Nov 21, 2010 8:07pm Nov 21, 2010 8:07pm
O..U..C..H.....ouch
Quoting Fitness09
No, live account.
Listen to the whispers.... You may learn something
  • #5,103
  • Nov 21, 2010 8:07pm Nov 21, 2010 8:07pm
Quoting lawgirl21
You will recoup it..
Just have to stay disciplined. Thanks.
  • #5,104
  • Nov 21, 2010 8:11pm Nov 21, 2010 8:11pm
I am giving up on this pair for the time being. Those of you who trade the London session may see it finally take off.
  • #5,105
  • Nov 21, 2010 8:14pm Nov 21, 2010 8:14pm
Thanks, been expermenting with a couple different ways to post. Seems me charts are a bit fuzzy and I'm at a loss as to why. If I open them in the windows picture/fax viewer they look crisp but not when I post. Seems that the MT platform takes better pictures than my camera...?

Even using the MT camera I still have to use the small size gif to get them crisp and it cuts off 70% of the chart.

Quoting lawgirl21
Very nice looking charts, Scrutch.
Listen to the whispers.... You may learn something
  • #5,106
  • Nov 21, 2010 8:26pm Nov 21, 2010 8:26pm
Quoting Scrutch
Thanks, been expermenting with a couple different ways to post. Seems me charts are a bit fuzzy and I'm at a loss as to why. If I open them in the windows picture/fax viewer they look crisp but not when I post. Seems that the MT platform takes better pictures than my camera...?

Even using the MT camera I still have to use the small size gif to get them crisp and it cuts off 70% of the chart.
I use "snagit'' to capture images.
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,107
  • Edited 8:55pm Nov 21, 2010 8:34pm | Edited 8:55pm
Waiting on the H4...oops...it just rolled down a bit.
Need to check me lower time frame and see if I can get a ticket.

Attached Image (click to enlarge)
Click to Enlarge Name: UC-11-22-10-H1.gif Size: 13 KB


Edit: Tickets were on sale for 1/2 price...thought it sounded a bit like a snake oil salesman so I opted to pass and catch the next ride. Appears that the direction this ride went, was not the ride I wanted to take.
Listen to the whispers.... You may learn something
  • #5,108
  • Nov 21, 2010 8:39pm Nov 21, 2010 8:39pm
Quoting Scrutch
Thanks, been expermenting with a couple different ways to post. Seems me charts are a bit fuzzy and I'm at a loss as to why. If I open them in the windows picture/fax viewer they look crisp but not when I post. Seems that the MT platform takes better pictures than my camera...?

Even using the MT camera I still have to use the small size gif to get them crisp and it cuts off 70% of the chart.
Google Screenhunter its a free image capturing software.

Cheers
  • #5,109
  • Nov 21, 2010 8:43pm Nov 21, 2010 8:43pm
I use this indicator to keep log of my charts very handy and useful. You can add this indicator to all your charts it will save the images according to the chart TF.


Expert/Indicator
for best result use
sizex :1024
sizey: 768
the rest of the settings leave them as they are

The chart images are saved in Expert/files

Cheers
Attached File(s)
File Type: ex4 ScreenCapture.ex4   2 KB | 389 downloads
  • #5,110
  • Edited 8:57pm Nov 21, 2010 8:46pm | Edited 8:57pm
Thanks for the tip pt, but I tried that years ago and replaced it with a different one that seemed to work better. I've noticed recently that there are some much crisper cameras showing up. The thing I don't like about the MT camera is that it shifts the chart to the right to reduce the chart shift.

Anyway, I guess this is not really the place to discuss this and I probably should not have brought it up...my bad.

Quoting pt49
I use "snagit'' to capture images.
Edit: Thanks to FXMajors as well.
Listen to the whispers.... You may learn something
  • #5,111
  • Nov 21, 2010 8:50pm Nov 21, 2010 8:50pm
Hi LG,

Thanks for this great thread.

May I ask a question: while RSIs confirm, the 3rd touch penetrates the trendline, is the 3rd touch still valid?
  • #5,112
  • Nov 21, 2010 8:59pm Nov 21, 2010 8:59pm
Quoting Scrutch
Thanks for the tip pt, but I tried that years ago and replaced it with a different one that seemed to work better. I've noticed recently that there are some much crisper cameras showing up. The thing I don't like about the MT camera is that it shifts the chart to the right to reduce the chart shift.

Anyway, I guess this is not really the place to discuss this and I probably should not have brought it up...my bad.



Edit: Thanks to FXMajors as well.
Your Welcome!
  • #5,113
  • Nov 21, 2010 9:03pm Nov 21, 2010 9:03pm
Just made 30 pips very fast on this pair. BO
Attached Image
  • #5,114
  • Nov 21, 2010 9:12pm Nov 21, 2010 9:12pm
WOW!...Looked at that before but didn't buy any tickets. Now I see that it's the fat side of a 100p move. Super ride and you had a ticket...
Quoting lawgirl21
Just made 30 pips very fast on this pair. BO
Listen to the whispers.... You may learn something
  • #5,115
  • Nov 21, 2010 9:16pm Nov 21, 2010 9:16pm
Took the A/U on the downside to try to make up my pips on the reverse end. Still in the E/U gap trade which is starting to turn around also.
  • #5,116
  • Nov 21, 2010 9:48pm Nov 21, 2010 9:48pm
Hey LG and all of you out there. Would you take a gap trade that goes against most RSIs? Like tonight there are a few gaps still open but RSIs are all pointing the other way... (obviously I'm talking about pending orders, I know RSIs can flip on a dime).
Thanks,
Pete
  • #5,117
  • Nov 21, 2010 10:02pm Nov 21, 2010 10:02pm
Quoting pippete
Hey LG and all of you out there. Would you take a gap trade that goes against most RSIs? Like tonight there are a few gaps still open but RSIs are all pointing the other way... (obviously I'm talking about pending orders, I know RSIs can flip on a dime).
Thanks,
Pete
Currently I don't take gap trades, although I have always been interested in taking them. I find it emotionally difficult to place stops which often require a location that is more or less in thin air. I tend to look for trades which are no-brainers and if there's something about it that doesn't look like I can place a proper stop where I am sure I would no longer want to be in the market, then that is enough to eliminate it from my sights even if there are other things going for it.

Someone on this thread posted a very useful link to an instructive video which illustrates the difference between a "professional" gap and a "novice" gap.

_Joe
  • #5,118
  • Nov 21, 2010 10:16pm Nov 21, 2010 10:16pm
Quoting lawgirl21
chart
The H1 4C BO charts you posted here puzzle me. They all seem to be characterized by higher lows and higher highs. I don't see how these can be breakouts.

Of course, if you are also willing to trade any continuation or momentum after the first four hours of the day, that's fine, but I think its a different idea than what I've seen before. Here's how I understood these trades before. Most brokers days tend to end somewhere near the close of the Asian session. Around that time, volatility typically slows. Thus you tend to have pairs whose RSIs are all pointing one way, but that are also in a rut. From there, I've seen breakout trades.

The set ups here look different to me. It's the start of the week, so the RSIs aren't set at all. And instead of being stuck in a rut, these pairs are already trending. I have no problem with trying to find a way to jump onto these trends, if there's a good reason to expect them to continue. I'm only pointing out that these set ups look both different and new to me.
  • #5,119
  • Nov 21, 2010 10:16pm Nov 21, 2010 10:16pm
hi LG like this style a lot have just entered this.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 27 KB
  • #5,120
  • Nov 21, 2010 10:27pm Nov 21, 2010 10:27pm
Quoting duffypratt
The H1 4C BO charts you posted here puzzle me. They all seem to be characterized by higher lows and higher highs. I don't see how these can be breakouts.

Of course, if you are also willing to trade any continuation or momentum after the first four hours of the day, that's fine, but I think its a different idea than what I've seen before. Here's how I understood these trades before. Most brokers days tend to end somewhere near the close of the Asian session. Around that time, volatility typically slows. Thus you tend to have pairs whose RSIs are...
All of those charts had the highest hign of the first 4 hours, body only, not wicks, and the lowest low of the same candles, just like always. The only difference is, because I mentioned that I could not draw a straight line, a very nice and talented member here programed a little indy that drew the lines for me. The lines from the program extended across the entire period. Was that what looked different? I was trying it out, but if it throws anyone off, I will not use it.

And you are correct, the only RSIs that would be set this early in the trading week would be the H1 and H4 from candle to candle, probably not the daily for a few more hours, and certainly not the weekly. The monthly however, this far along in the month would be set...here the question would be, has it run it's course.
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