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Trade What You See - Almost Naked Trading

  • #5,641
  • Nov 26, 2010 6:41am Nov 26, 2010 6:41am
Quoting pt49
The fact that Gold is dropping helps... LOL
Been playing only gold since it broke through 1365, also EJ. I missed AU bus and it continues to elude me.

USD/CHF is doing shit and I'm closing every pending order until Monday.

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,642
  • Nov 26, 2010 6:41am Nov 26, 2010 6:41am
Quoting LFB
I am not fully comfortable to use indicator that i have no idea how it works, but i will try to test it.
If anyone of you knows where i can find any description of it, please let me know.
I will search and post the link of the indicator I've been using. It also provides the explanation how to .

Cheers
  • #5,643
  • Nov 26, 2010 6:51am Nov 26, 2010 6:51am
Quoting FXMajors
Todays pip count I'm done for the day.
Lot size: 0.50 all pairs
Risk : 1.50% all pairs

EU +115
EJ + 97
GU +96
AU + 112

Thanks to LG and all the other's providing help on this thread. Patience is necessity. Have a great weekend. We'll start all over again on Monday.

Cheers
Great idea. Need to step out too but got some positions I need to liquidate in next hour, particularly my gold short.

Great weekend.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,644
  • Nov 26, 2010 6:55am Nov 26, 2010 6:55am
Quoting LFB
I also need it to pick few BOs i will focus on. And that is why i am curious if you had any wrong trades with this indicator as additional trade selector.
Keep testing it... i have another one but havnt tested it yet will test both to find better one. At the time of breakout i just keep an eye on this meter and it is helping me.
  • #5,645
  • Nov 26, 2010 7:06am Nov 26, 2010 7:06am
Another possibility is the 1 Day Relative Performance at http://www.finviz.com/forex.ashx. Very little CPU power required.

Quoting FXMajors
I have been using this strength indicator for awhile it takes a lot of bandwidth. switching to P26 provided indicator less bandwidth does the same job.
Thanks again P
  • #5,646
  • Nov 26, 2010 7:09am Nov 26, 2010 7:09am
Quoting CollectPIPS
Another possibility is the 1 Day Relative Performance at http://www.finviz.com/forex.ashx. Very little CPU power required.
Thanks CP. We'll check it out... Driving to Paris for the weekend see you all on Monday. Cheers
  • #5,647
  • Nov 26, 2010 7:20am Nov 26, 2010 7:20am
You don't need all that crap guys... trust me.
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,648
  • Nov 26, 2010 7:24am Nov 26, 2010 7:24am
Quoting pt49
You don't need all that crap guys... trust me.
I agree! Just look your charts and u will see the strengths
  • #5,649
  • Nov 26, 2010 7:39am Nov 26, 2010 7:39am
Woke up this morning and my short position had move over 125 pips.
  • #5,650
  • Nov 26, 2010 7:42am Nov 26, 2010 7:42am
Quoting lawgirl21
Woke up this morning and my short position had move over 125 pips.
And this is very nice Friday morning, I wish you all Fridays mornings like this one.
  • #5,651
  • Nov 26, 2010 7:46am Nov 26, 2010 7:46am
Quoting lawgirl21
Woke up this morning and my short position had move over 125 pips.
LOL... very nice.
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,652
  • Nov 26, 2010 7:58am Nov 26, 2010 7:58am
Quoting Precap2
I see all forms of crazy BOs every time in this thread. May I say that BO must have at least 2 candles in the congestion area and no maximum. Someone can't possibly abitrarily draw a line in the middle of his chart and tell us a BO is expected. We're all learning and when I took up this business I was ready to be a student all my life (hope no one takes it personal tho).

Hope everyone had a great thanksgiving.

PC2

It is almost that simple, Precap, that a line can be drawn in the middle of a chart and a BO can be expected. But there is nothing arbitrary about it. When there is congestion and tight range PA over a period of time, sooner or later, but 100% of the time, there is going to be a move in one direction or another.
  • #5,653
  • Nov 26, 2010 8:02am Nov 26, 2010 8:02am
Quoting pt49
LOL... very nice.
Thanks for keeping the conversation going yesterday pt, while I was eating too much. And I truly appreciate your suggestions to some of the traders who are trying to add indicators all over the place, to keep it simple. This system doesn't need much added to it, as you are proving with your success with it. Thanks again...
  • #5,654
  • Nov 26, 2010 8:05am Nov 26, 2010 8:05am
LG i have a question about BO, why do we use first four candles? This is also something that you have tested to work the best? Do you always obey this rule or sometimes you extend the range with more candles?
  • #5,655
  • Nov 26, 2010 8:12am Nov 26, 2010 8:12am
I caught 130 pips on the aud/usd breakout. Thanks Lawgirl!
  • #5,656
  • Nov 26, 2010 8:14am Nov 26, 2010 8:14am
Quoting lawgirl21
This system doesn't need much added to it......
... period!
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,657
  • Nov 26, 2010 8:15am Nov 26, 2010 8:15am
This pending trade triggered over night. Still running up +30 pips. Both a H4 3 Tap trade and a H1 4C BO trade.
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  • #5,658
  • Nov 26, 2010 8:17am Nov 26, 2010 8:17am
3 Tap trade on a daily chart
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  • #5,659
  • Nov 26, 2010 8:19am Nov 26, 2010 8:19am
Experience tells me to be very wary of entering longer term trades on a Friday.

I have closed all my trades, and will excercise patience and wait for Monday.

Besides, its 1:20 am here.
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,660
  • Nov 26, 2010 8:21am Nov 26, 2010 8:21am
Nice H1 4C BO trade for over 100 pips. Retracing now.
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