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Trade What You See - Almost Naked Trading

  • #5,181
  • Nov 22, 2010 7:39am Nov 22, 2010 7:39am
Quoting lawgirl21
Very nice!
Thanx LG
  • #5,182
  • Nov 22, 2010 7:40am Nov 22, 2010 7:40am
This one gets me
the H4 and D1 W1 all down RSI correct
but the angle is so great not sure where to enter this or where to look for the 3rd tap
any ideas
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  • #5,183
  • Nov 22, 2010 7:45am Nov 22, 2010 7:45am
3 TAPS (4H) and waiting for BO 1H
Pay attention to the resistant
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  • #5,184
  • Nov 22, 2010 7:46am Nov 22, 2010 7:46am
Pip26 and others made good pips going long on this this pair. Looks like we may be able to make pips gong short now.

BO happening now.
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  • #5,185
  • Nov 22, 2010 7:50am Nov 22, 2010 7:50am
Quoting lawgirl21
Pip26 and others made good pips going long on this this pair. Looks like we may be able to make pips gong short now.

BO happening now.
hi lawgirl !
i see also a possible H4 BO on GBP/JPY...what do u think about this :
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  • #5,186
  • Nov 22, 2010 7:51am Nov 22, 2010 7:51am
Quoting lawgirl21
I think what bothered me about the gaps today was that there appeared to be confirmation on 3 or 4 of the TFs in the direction of the gap..i.e. a gap up on several pairs, can't remember which ones, was showing long on multiple TFs. I am beginning to believe that gaps may be filled more often when RSI directions are mixed. I will have to test that theory further..and welcome anyone doing the same and letting us all know their findings.
Thanks anyone for your input on gaps, I did put pending orders and E/U, and E/G gaps filled w/+60 pips total.. Lucky? Maybe, but it worked. Milked another 20pips on EURUSD... Good start for the week.
  • #5,187
  • Nov 22, 2010 7:54am Nov 22, 2010 7:54am
Anyone catch this BO? Beautiful!
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  • #5,188
  • Nov 22, 2010 7:57am Nov 22, 2010 7:57am
Quoting florins
hi lawgirl !
i see also a possible H4 BO on GBP/JPY...what do u think about this :
We posted at the same time...see #5183.
  • #5,189
  • Nov 22, 2010 7:59am Nov 22, 2010 7:59am
Quoting pippete
Thanks anyone for your input on gaps, I did put pending orders and E/U, and E/G gaps filled w/+60 pips total.. Lucky? Maybe, but it worked. Milked another 20pips on EURUSD... Good start for the week.
Just more evidence showing what we know....that most gaps do fill.
  • #5,190
  • Nov 22, 2010 8:01am Nov 22, 2010 8:01am
Let me ask you something. What is the major trend on your chart? Does that not look like an up channel to you? Is there not support in the 132.20 - 132.60 area. Would you really enter a short position heading right into that support area? I dont mean to sound like an ass, but I'm just trying to figure out if you would really play a short breakout given what the chart is telling you. Good luck.

Quoting florins
hi lawgirl !
i see also a possible H4 BO on GBP/JPY...what do u think about this :
  • #5,191
  • Nov 22, 2010 8:09am Nov 22, 2010 8:09am
Quoting TheDirtySerb
Let me ask you something. What is the major trend on your chart? Does that not look like an up channel to you? Is there not support in the 132.20 - 132.60 area. Would you really enter a short position heading right into that support area? I dont mean to sound like an ass, but I'm just trying to figure out if you would really play a short breakout given what the chart is telling you. Good luck.
indeed ...it is a channel ...ascending channel but i'm trying to play BO while paying attention and according to PA...for the moment we have also H4 D1 and W1 down ..nothing is sure...will see PA
  • #5,192
  • Nov 22, 2010 8:09am Nov 22, 2010 8:09am
i've been watching.
since the thread was started, the rules should be to watch 3 taps or bo from ' 4H '
but lately , i see that you guys now start to watch 3 taps /bo from ' H1 '
is this an improvement ?
  • #5,193
  • Nov 22, 2010 8:15am Nov 22, 2010 8:15am
Quoting TheDirtySerb
Let me ask you something. What is the major trend on your chart? Does that not look like an up channel to you? Is there not support in the 132.20 - 132.60 area. Would you really enter a short position heading right into that support area? I dont mean to sound like an ass, but I'm just trying to figure out if you would really play a short breakout given what the chart is telling you. Good luck.
I would indeed, depending on what PA is telling me. Everyone has to develop there own style, but the only pair that I care about major trend for is EURUSD and that is the only pair I will trade on that basis...and I might add be prepared to survive a 180 pip DD.

The rest of the pairs, I am just trying to get 20 or more pips from. PA will tell us everything we need to know about whether or not we will be able to do that. Unless and until PA does that, I would not enter short here, but if it does tell me, I will enter short and hopefully make some pips. The only pair I am "married" to long term it seems is EU. The rest are just one night stands.
  • #5,194
  • Nov 22, 2010 8:21am Nov 22, 2010 8:21am
lawgirl any opinnion about euro gbp ?
thank you
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  • #5,195
  • Nov 22, 2010 8:23am Nov 22, 2010 8:23am
Woke up to a nice reversal. Stayed in the E/U gap trade, and it did come back and I made some money on that one. I also got back my 56 pips, plus an extra 30 on the A/U I lost last night.
  • #5,196
  • Nov 22, 2010 8:26am Nov 22, 2010 8:26am
Quoting florins
lawgirl any opinnion about euro gbp ?
thank you
Florins, I can't tell what TF you are posting, but if you are looking for a BO that has already occurred.
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  • #5,197
  • Nov 22, 2010 8:28am Nov 22, 2010 8:28am
Quoting Fitness09
Woke up to a nice reversal. Stayed in the E/U gap trade, and it did come back and I made some money on that one. I also got back my 56 pips, plus an extra 30 on the A/U I lost last night.
See, see...all you naysayers out there. Good for you Fitness. It took fortitude, but you got through it like I knew you would.
  • #5,198
  • Nov 22, 2010 8:34am Nov 22, 2010 8:34am
Quoting lawgirl21
Florins, I can't tell what TF you are posting, but if you are looking for a BO that has already occurred.
oh sorry .. i mistake capturing 15min tf ...
here is h1 chart(the blue trendline is on h4 3tap setup)
and h4 chart ...
thank you
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  • #5,199
  • Nov 22, 2010 8:52am Nov 22, 2010 8:52am
Quoting fred12345
i've been watching.
since the thread was started, the rules should be to watch 3 taps or bo from ' 4H '
but lately , i see that you guys now start to watch 3 taps /bo from ' H1 '
is this an improvement ?
No, the rules have not changed. We do watch 3 Taps from the H4 (or higher) chart. I say or higher because some people like to trade higher TFs. My current EURUSD trade is a 3 Tap trade from the weekly chart and also a BO trade, for example.

I am not aware of anyone trading 3 Taps from the H1 chart, but it should work too, if someone wanted that TF.

H1 4C BOs have always been viewed from the H1 chart.

Consolidation BOs can occur in any TF.
  • #5,200
  • Nov 22, 2010 8:57am Nov 22, 2010 8:57am
For those of you who are watching this pair for a BO trade, move to a M15 chart and you will see very clearly that support area we were discussing earlier. Unless or until that area is broken, there is no entry on this pair short.
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