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Trade What You See - Almost Naked Trading

  • #5,881
  • Nov 29, 2010 10:11am Nov 29, 2010 10:11am
Quoting pippete
+91 pips mission accomplished...
Excellent! Are you done for the week?
  • #5,882
  • Nov 29, 2010 10:31am Nov 29, 2010 10:31am
Quoting lawgirl21
Looks to me like you are doing well too.
Not doing badly at all. 3T/BO fetches me minimum of 200pips daily even in stupid Monday PA, though today PA is not so stupid after all.

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,883
  • Nov 29, 2010 10:32am Nov 29, 2010 10:32am
Quoting dfstone32
Just bought the 10:00am close
This is down 30 pips. Any thoughts, should I bail
  • #5,884
  • Nov 29, 2010 10:36am Nov 29, 2010 10:36am
Quoting lawgirl21
This pair is up 30 pips already. I think Scrutch would call this an A++ trade. How others jumped in.
Scrutch won't miss this one for all the cedar in Lebanon.
He has an eye for sweet money (as my China friend would always say)

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,885
  • Nov 29, 2010 10:36am Nov 29, 2010 10:36am
Quoting Precap2
Not doing badly at all. 3T/BO fetches me minimum of 200pips daily even in stupid Monday PA, though today PA is not so stupid after all.

PC2
I'm very impressed. Are you using longer TFs? And I thought I was an aggressive trader!
  • #5,886
  • Nov 29, 2010 10:48am Nov 29, 2010 10:48am
Quoting lawgirl21
Down over 100 pips since opening yesterday.
That's very nice, still dreaming of something like that, this is one week pips in uhm, 1 trade :-).

The problem with my hours is that market opening is at 23 o'clock local time, so I have to sleep and then I set my TP. This was at about the friday close, way off from what could be made today , but at least I made some nice profit from my 4 positions last night.
  • #5,887
  • Nov 29, 2010 10:53am Nov 29, 2010 10:53am
Once again a great start of week.. It doesnt matter ur trading aggressively or conservatively, this system gives u good RR and very good success rate.
  • #5,888
  • Nov 29, 2010 10:55am Nov 29, 2010 10:55am
Quoting KillerAntz
That's very nice, still dreaming of something like that, this is one week pips in uhm, 1 trade :-).

The problem with my hours is that market opening is at 23 o'clock local time, so I have to sleep and then I set my TP. This was at about the friday close, way off from what could be made today , but at least I made some nice profit from my 4 positions last night.
Don't worry about trading the market open. Many very successful traders won't even trade at all on Mondays and only trade from Tuesday to Thursday. Whenever you have the time to spend a couple of hours in front of the screen is when you should be trading.

And don't regret the pips you did not make, have joy for the ones you did. There will be many, many more successful trades. (I'm not fussing at you, I have to tell myself the same thing from time to time.)

Congrats on the profit from last night!
  • #5,889
  • Nov 29, 2010 10:56am Nov 29, 2010 10:56am
Quoting dfstone32
This is down 30 pips. Any thoughts, should I bail
Look at your chart back it up trend is up. Dollar strong euro weak I have a buy in set SL to 50 maybe
  • #5,890
  • Nov 29, 2010 11:00am Nov 29, 2010 11:00am
Quoting lawgirl21
I'm very impressed. Are you using longer TFs? And I thought I was an aggressive trader!
Confession of sin begins: Longer TF waste my time. I play BO usually on M15 and M5. Please I'm not asking anyone to join this recklessness unless you are ready to demo-trade it for at least 3 months.
But I play 3T a la LG

I've got the holy grail, very soon I'll reveal it only to serious participants in this thread and no one else

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,891
  • Nov 29, 2010 11:05am Nov 29, 2010 11:05am
Quoting lawgirl21
Don't worry about trading the market open. Many very successful traders won't even trade at all on Mondays and only trade from Tuesday to Thursday. Whenever you have the time to spend a couple of hours in front of the screen is when you should be trading.

And don't regret the pips you did not make, have joy for the ones you did. There will be many, many more successful trades. (I'm not fussing at you, I have to tell myself the same thing from time to time.)

Congrats on the profit from last night!
You guys that have jobs should make fewer pips and leave the market for the jobless ones like me. I ain't seeking no job though.
LG that's good advice to our friend there. if you don't have enough time to watch Monday trades, better don't trade at all. PA on Mondays is sh!tty.

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,892
  • Nov 29, 2010 11:07am Nov 29, 2010 11:07am
Quoting Precap2
Confession of sin begins: Longer TF waste my time. I play BO usually on M15 and M5. Please I'm not asking anyone to join this recklessness unless you are ready to demo-trade it for at least 3 months.
But I play 3T a la LG

I've got the holy grail, very soon I'll reveal it only to serious participants in this thread and no one else

PC2
For Holy grail everybody will become serious Precap..
  • #5,893
  • Nov 29, 2010 11:14am Nov 29, 2010 11:14am
Quoting Precap2
You guys that have jobs should make fewer pips and leave the market for the jobless ones like me. I ain't seeking no job though.
LG that's good advice to our friend there. if you don't have enough time to watch Monday trades, better don't trade at all. PA on Mondays is sh!tty.

Peace!
I do have been wondering a lot where some people around here get all the time, mistery solved! I have a full time job about 45-50 hours a week. I do spent most of my time at a pc, but I don't think my boss would like me trading :-). At home I have my wife who doesn't want me to trade all the time, so you see, my time is limited.

I'm learning the tricks though, but my goal is to be able to set-up some trades in the moments I have and with good SL and TP still make some profit later on.

I do love BO's, but for those I do feel you need to be online more often to folow up the M15 in case of a BO, i'll wait for my holidays to catch more of these!
  • #5,894
  • Nov 29, 2010 11:21am Nov 29, 2010 11:21am
Quoting KillerAntz
I do have been wondering a lot where some people around here get all the time, mistery solved! I have a full time job about 45-50 hours a week. I do spent most of my time at a pc, but I don't think my boss would like me trading :-). At home I have my wife who doesn't want me to trade all the time, so you see, my time is limited.

I'm learning the tricks though, but my goal is to be able to set-up some trades in the moments I have and with good SL and TP still make some profit later on.

I do love BO's, but for those I do feel you need to be online...
I guess I have the best of both worlds I'm my own boss and I'm not married no one to answer to
  • #5,895
  • Nov 29, 2010 11:23am Nov 29, 2010 11:23am
It sounds like with the amount of time you have to devote to charts you should look to the higher TF's that can be managed once a day or so. Working with the M15 or H1 require babysitting (Time) which sounds like you do not have a lot of right now.
Quoting KillerAntz
I do have been wondering a lot where some people around here get all the time, mistery solved! I have a full time job about 45-50 hours a week. I do spent most of my time at a pc, but I don't think my boss would like me trading :-). At home I have my wife who doesn't want me to trade all the time, so you see, my time is limited.

I'm learning the tricks though, but my goal is to be able to set-up some trades in the moments I have and with good SL and TP still make some profit later on.

I do love BO's, but for those I do feel you need to be online...
Always Learning
  • #5,896
  • Nov 29, 2010 11:30am Nov 29, 2010 11:30am
Quoting JayTrader
It sounds like with the amount of time you have to devote to charts you should look to the higher TF's that can be managed once a day or so. Working with the M15 or H1 require babysitting (Time) which sounds like you do not have a lot of right now.
I do agree, but as mentioned by someone else before, the learning process is "better" in the lower timeframes because they move forward faster, which makes it easier to learn as more events occur, but in the end my trades will be higher TF's.
  • #5,897
  • Nov 29, 2010 11:31am Nov 29, 2010 11:31am
Quoting Pip26
For Holy grail everybody will become serious Precap..
On a serious note, I have to reveal something soon that will seriously affect the way you play both 3T and BO because it will almost always give you hint of the direction of break. Then when you couple it with the part2 of the holy grail, you'll be printing pips like damaged ATM (ask internet marketers )

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,898
  • Nov 29, 2010 11:39am Nov 29, 2010 11:39am
I have been a silent observer of this thread, and would very much like to participate in the discussions and contributions, thank you all so much for all the knowledge you have impart on us especially to Lawgirl you are awesome thank you for outstanding assistance to novice Traders.
  • #5,899
  • Nov 29, 2010 11:40am Nov 29, 2010 11:40am
Here is a link to a trade simulator that can be set up on Metatrader, that way you can rewind the trade week and Trade LG's methods when you have the time. You can probably only trade one pair at a time but it will still allow for practice on your schedule. The file is at the bottom of the first post and the only file you need is The Dance Tools.zip. It has a pdf to tell you how to set it up and use it. Hope this helps out.
http://www.forexfactory.com/showthread.php?t=224697

Quoting KillerAntz
I do agree, but as mentioned by someone else before, the learning process is "better" in the lower timeframes because they move forward faster, which makes it easier to learn as more events occur, but in the end my trades will be higher TF's.
Always Learning
  • #5,900
  • Nov 29, 2010 11:40am Nov 29, 2010 11:40am
Quoting Precap2
On a serious note, I have to reveal something soon that will seriously affect the way you play both 3T and BO because it will almost always give you hint of the direction of break. Then when you couple it with the part2 of the holy grail, you'll be printing pips like damaged ATM (ask internet marketers )

PC2
We already almost always know the direction of the break ...PA and RSIs.
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