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Trade What You See - Almost Naked Trading

  • #5,901
  • Nov 29, 2010 10:02am Nov 29, 2010 10:02am
Quoting lawgirl21
We already almost always know the direction of the break ...PA and RSIs.
Yea you're right, I didn't remember that when I spent time trying to invent another favorite demon. But the holy grail doesn't make no mistakes. We'll talk about it soon.

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,902
  • Nov 29, 2010 10:03am Nov 29, 2010 10:03am
Lawgirl I am doing well on the eur/gbp trade today. Up 61 pips currently on the short. I have a question on chart set up though. Not sure if I'm getting the correct look back on the chart to find the highest high and lowest low for trend lines. Here is a screenshot attached if you would check for accuracy. I have one trendline for short and one for long. The direction currently is short. Is this a correct setup?
Thanks, Harry
PS. Anyone else feel free to comment please.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 66 KB
  • #5,903
  • Nov 29, 2010 10:05am Nov 29, 2010 10:05am
This is on the usd/chf chart.
  • #5,904
  • Nov 29, 2010 10:15am Nov 29, 2010 10:15am
It seems to me that USD/CHF has a small double top on H4. It might be there or too much screen time created it in my brain, but I think it's worth looking at. If you can't see it easily maybe you should try line chart briefly.

Peace
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #5,905
  • Nov 29, 2010 10:20am Nov 29, 2010 10:20am
Quoting airbeat
Lawgirl I am doing well on the eur/gbp trade today. Up 61 pips currently on the short. I have a question on chart set up though. Not sure if I'm getting the correct look back on the chart to find the highest high and lowest low for trend lines. Here is a screenshot attached if you would check for accuracy. I have one trendline for short and one for long. The direction currently is short. Is this a correct setup?
Thanks, Harry
PS. Anyone else feel free to comment please.
I'm sorry Harry, I cannot read this chart.
  • #5,906
  • Nov 29, 2010 10:23am Nov 29, 2010 10:23am
I was curious if anyone was watching this pair. As far as I can see this is a legitimate set up - although the RSI arrows have not confirmed yet. Any thoughts anyone has, of course are greatly appreciated.

Best
Robert
Attached Image (click to enlarge)
Click to Enlarge Name: 11 29 10 gbpaud 3 tap daily.gif Size: 18 KB
  • #5,907
  • Nov 29, 2010 10:41am Nov 29, 2010 10:41am
Sorry, I'm still learning how to insert screenshots. Hope this works.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 113 KB
  • #5,908
  • Nov 29, 2010 11:14am Nov 29, 2010 11:14am
Looks like I missed another pipfest day.
EJ on watch list
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1_BO.png Size: 42 KB
  • #5,909
  • Nov 29, 2010 11:15am Nov 29, 2010 11:15am
Another on watch list.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_H1_BO.png Size: 45 KB
  • #5,910
  • Nov 29, 2010 11:16am Nov 29, 2010 11:16am
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
Would be more good Precap. Waiting for it.
  • #5,911
  • Nov 29, 2010 11:16am Nov 29, 2010 11:16am
Also..
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_H4_BO.png Size: 50 KB
  • #5,912
  • Nov 29, 2010 11:17am Nov 29, 2010 11:17am
Quoting lawgirl21
We already almost always know the direction of the break ...PA and RSIs.
Absolutely right LG
  • #5,913
  • Nov 29, 2010 12:12pm Nov 29, 2010 12:12pm
Quoting JayTrader
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
Thank you, i'll look fur sure into it!
  • #5,914
  • Nov 29, 2010 12:28pm Nov 29, 2010 12:28pm
I was watching to see what might happen with this.
I am currently at work so it is not so easy to keep an eye on the charts.

Best
Robert
Attached Image (click to enlarge)
Click to Enlarge Name: 11 29 10 chfjpy.gif Size: 17 KB
  • #5,915
  • Nov 29, 2010 1:37pm Nov 29, 2010 1:37pm
I'm currently long this pair currently and giving up at 9985 currently RSI are neg and a valid 3TAP short setup. Thoughts?
Attached Image
  • #5,916
  • Nov 29, 2010 2:57pm Nov 29, 2010 2:57pm
Quoting dfstone32
I'm currently long this pair currently and giving up at 9985 currently RSI are neg and a valid 3TAP short setup. Thoughts?
you may be all right; Problem I see is its in consolidation for 10+ candles so it could pop out either way. your at bottom of consolidation presently so it might go up at least partway to top next.

Good luck with this trade.

Steve
  • #5,917
  • Nov 29, 2010 3:20pm Nov 29, 2010 3:20pm
Quoting dfstone32
I'm currently long this pair currently and giving up at 9985 currently RSI are neg and a valid 3TAP short setup. Thoughts?
I would think a Stop & Reverse at 9985 could be a good idea. But I'm new around here, just lurking and trying to learn.
  • #5,918
  • Nov 29, 2010 4:41pm Nov 29, 2010 4:41pm
Quoting Ph22
Also..
Not much change in this pair since last posted. It should be a good move when it decides to move.
Attached Image (click to enlarge)
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  • #5,919
  • Nov 29, 2010 4:49pm Nov 29, 2010 4:49pm
Too early for a H1 4C BO, but H4 3 Tap has setup and triggered. To make an A ++ trade, there needs to be a H1 BO too. (But hard to sit on hands here!)
Attached Image (click to enlarge)
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  • #5,920
  • Nov 29, 2010 5:06pm Nov 29, 2010 5:06pm
Quoting lawgirl21
Too early for a H1 4C BO, but H4 3 Tap has setup and triggered. To make an A ++ trade, there needs to be a H1 BO too. (But hard to sit on hands here!)
That little pop up was news based so hopefully u might get a small pullback b4 it goes up again for BO to make an A++

EDIT: 81.50 area is y'day high and a pullback high area on Fri of previous week. Thinking it might be best to wait for a clearance of that area b4 thinking long.
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