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Trade What You See - Almost Naked Trading

  • #5,961
  • Nov 30, 2010 4:28am Nov 30, 2010 4:28am
Closed rest of EJ for +90 pips
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  • #5,962
  • Nov 30, 2010 4:50am Nov 30, 2010 4:50am
Quoting Lazar83
EU is going down the hill ! i have piled up 3 open positions on the top of the hill and i am gonna let them roll downwards! One open EJ. So far 800 pips on all open trades ...BO is awesome !
yaa, very nice BOs in almost every EU pair. didn´t got any1 ´cause i have to shovel the snow crap. d´oh !

now everything looks like "trying to pullback".
  • #5,963
  • Nov 30, 2010 5:09am Nov 30, 2010 5:09am
Quoting pt49
AUD/USD 3Tap... also a 4C BO
This pair sucked back up 40 pips on me, so I re-entered again @ 9616
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,964
  • Nov 30, 2010 5:28am Nov 30, 2010 5:28am
Quoting Centu
yaa, very nice BOs in almost every EU pair. didn´t got any1 ´cause i have to shovel the snow crap. d´oh !

now everything looks like "trying to pullback".
Dont worry Centu , you ll have a chance on US market open , and i think that short trend is going to happen throughout this week ! .1.2970 is a level to watch , if it BO , next stop is 1.2700
Help to be helped.
  • #5,965
  • Edited 6:42am Nov 30, 2010 6:08am | Edited 6:42am
I broke my rule never to trade against the weekly RSI. It was temporarily pointing up and other rsi's agreed for a short while paying a few pips to the quick trader...but not me. Overnight my 49 pip SL hit.

I knew I shouldn't have done it as there's plenty of trades to take with the overall weekly rsi trend.

Since it was Monday, I wrongly felt the weekly rsi could be making a turn since the jpy started the week continuing its weakness from previous week. However, it turned out I bought the top of that jpy just as it was ready to retrace...something I've done many times before.

But yesterday, I booked 150 pips on gu, Eg, and Gchf shorts so lawgirl's stuff works great! Posting a loser may teach more than posting a winner. Winners build confidence and losers teach lessons about my weaknesses. Too many winners causes overconfidence and results in a loser like this one.

Good luck to everyone,

Steve
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  • #5,966
  • Nov 30, 2010 6:29am Nov 30, 2010 6:29am
I was pleased to see my over night entry order on the eurjpy hit my target +130. The gbpjpy I closed out +50 and the eurgbp I moved the sl above a swing and will try to ride it down further - we shall see.

Best
Robert
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  • #5,967
  • Nov 30, 2010 7:00am Nov 30, 2010 7:00am
Good morning dudes, last night was BO fest! EURCHF +95 pips, GBPJPY +75, EURJPY +71... Great night.. I wish my live account was ready and running, still waiting for the wire transfer... But LG's method works, so peeps, keep at it! So far +380 pips for the week.. Man, that's like my monthly goal and it's only Tuesday. I think I take a break for now...
  • #5,968
  • Nov 30, 2010 7:16am Nov 30, 2010 7:16am
AUDUSD 1H BO

H1 RSI not yet, but worth a look.
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  • #5,969
  • Nov 30, 2010 7:19am Nov 30, 2010 7:19am
USDCAD 1H BO

also looks quite ready to go
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  • #5,970
  • Nov 30, 2010 7:34am Nov 30, 2010 7:34am
I'm not sure that the BO trades you're posting are valid according to LawGirls rules.
Quote
The H1 4 candle breakout set-up:

1. Find the directional bias on weekly, daily, H4. All must match at the time of set-up.

2. You will be looking at the bodies of the first four H1 candles of a new trading day...disregard the tails (wicks)....whenever that is for you. That is one reason period seperators need to be placed on the chart.

2. Place horizontal lines at the highest high of these four candles' bodies (not including the tails, if any) and the lowest low of these four candles' bodies, again, disregard...
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,971
  • Nov 30, 2010 7:40am Nov 30, 2010 7:40am
cont...
Quote
the tails. These lines are really just R/S lines.

3. Wait for a breakout in the direction of the bias. I often place a pending order below/above a R/S line before I go to bed.

NOTE: You can set this up several hours after the fourth candle that you are observing. For example: My first four candles are from 2:00 pm - 6:00 pm. I may not get to the set-up until 8 or 9 p.m. That is ok, in fact, that gives time to observe PA. Do verify the directional bias again, however.
In the days of old when sailors were bold, and seldom if ever contented.
  • #5,972
  • Nov 30, 2010 7:50am Nov 30, 2010 7:50am
Targets met on CHFJPY, EURJPY and USDJPY
We trade to live not live to trade................
  • #5,973
  • Nov 30, 2010 8:01am Nov 30, 2010 8:01am
Hello Lawgirl and everyone,
Great thread and people in the thread are great as well.Special thanks to Lawgirl21 for helping to learn this method and the patience she has for answering many question newbies like me ask repeatedly.Been following the thread for few weeks.Still lot to learn.Keep up the good work Lawgirl.
How can i Draw the Period Separator ?
Thanks
Bhupinder
  • #5,974
  • Nov 30, 2010 8:04am Nov 30, 2010 8:04am
Quoting bhupinder
Hello Lawgirl and everyone,
Great thread and people in the thread are great as well.Special thanks to Lawgirl21 for helping to learn this method and the patience she has for answering many question newbies like me ask repeatedly.Been following the thread for few weeks.Still lot to learn.Keep up the good work Lawgirl.
How can i Draw the Period Separator ?
Thanks
Bhupinder
Right click on the chart, go to "properties" and the "common" tab and click on period separator. Good luck trading!
  • #5,975
  • Nov 30, 2010 8:11am Nov 30, 2010 8:11am
Thankyou pippete
  • #5,976
  • Edited 8:26am Nov 30, 2010 8:11am | Edited 8:26am
Quoting lawgirl21
Night all. I set two pending BO trades for the night. EURGBP and EURJPY..will see how they turn out tomorrow morning. Good trading you London session traders!
Both triggered EURJPY hit TP +77; EURGBP still running... up 50 pips. My GBPCHF 3 Tap off the daily chart hit TP for +110 pips.

Reading back through posts, looks like everyone made pips! Good work all! As pippete said, it was a pip fest!
  • #5,977
  • Nov 30, 2010 8:12am Nov 30, 2010 8:12am
Quoting stevewide
I broke my rule never to trade against the weekly RSI....
The chart you posted looks like a 2 H1 BO not a 4 H1 BO. Do I need my eyes checked?
  • #5,978
  • Nov 30, 2010 8:18am Nov 30, 2010 8:18am
Quoting lawgirl21
Both triggered EURJPY hit TP +77; EURGBP still running up 50 pips. My GBPCHF 3 Tap offer the daily chart hit TP for +110 pips.
wow ..
and the eur/usd is heading to 1.27 just like u said couple days ago
  • #5,979
  • Nov 30, 2010 8:19am Nov 30, 2010 8:19am
http://i54.tinypic.com/11waihl.gif

This 4 H1 BO reminds me of the box trade.
  • #5,980
  • Nov 30, 2010 8:21am Nov 30, 2010 8:21am
thanks lawgirl for this eye opener thread. i got BO on EU, GU and AU. this is really a good thread.
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