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Trade What You See - Almost Naked Trading

  • #6,021
  • Nov 30, 2010 10:55am Nov 30, 2010 10:55am
I like what I see setting up on this pair. Three higher TFs are long and there was a nice BO move earlier of about 80 pips. There may be another BO to the upside, as there is much room up there to "run". Definitely on my watch list.
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  • #6,022
  • Nov 30, 2010 10:57am Nov 30, 2010 10:57am
Quoting andrewwebb1
Thankyou LG, The Weekly direction is not in agreement though.

Andrew.
It's a little early to look to the weekly with confidence. By Wednesday and definitely Thursday, I personally do not trade against the weekly.
  • #6,023
  • Nov 30, 2010 11:11am Nov 30, 2010 11:11am
Quoting manojcosmo
Wat is the pincode of ur mt4stats Simmo?
Should be opened up now. As I previously said I'm glad it's demo at the moment, but I think I'm getting there
  • #6,024
  • Nov 30, 2010 11:12am Nov 30, 2010 11:12am
Quoting dfstone32
I've been in this short since last night what's your profit target?/stop
Already took 40 pips
  • #6,025
  • Nov 30, 2010 11:30am Nov 30, 2010 11:30am
Quoting lawgirl21
It's a little early to look to the weekly with confidence. By Wednesday and definitely Thursday, I personally do not trade against the weekly.
http://i51.tinypic.com/bhem1x.gif

That is both wise and profitable.
  • #6,026
  • Nov 30, 2010 11:34am Nov 30, 2010 11:34am
I'm watching this set up for a possible reentry in this pair.
Attached Image
  • #6,027
  • Nov 30, 2010 11:52am Nov 30, 2010 11:52am
Hi Lawgirl, I've been doing great so far just following your setups, watching PA and getting the hang of things. Not as great as most of you here but heck I'm up 64 pips today and I'm happy with it. Question one....

I understand the setup for the initial BO lines but what are the conditions for the secondary setups I see as in your current post.? Are you just looking for the highest and lowest of the next set of four candles?

Thanks, Harry
  • #6,028
  • Nov 30, 2010 12:04pm Nov 30, 2010 12:04pm
Hi LG, I have been looking at the other screen shots posted and for some reason my RSI's are not in sync with neither yours or theirs. Maybe, is it because am using Alpari UK Metatrader Demo ? Hmmm any one got any ideas or suggestions i think i follow the usual way of attaching the indicator maybe i miss something ? Help please ?
  • #6,029
  • Nov 30, 2010 12:25pm Nov 30, 2010 12:25pm
Hi LG and others:

I have not tried to trade Breakouts by setting pending orders, yet. However, I am going to start doing so on my demo account. On which charts, do you establish your S/R Lines: H1, H4, D1, W1? How many pips do you enter below/above your S/R lines?
  • #6,030
  • Nov 30, 2010 12:28pm Nov 30, 2010 12:28pm
Quoting lawgirl21
I'm watching this set up for a possible reentry in this pair.
Your chart begs the question... why not trade the breakout of the previous H4 candle open/close?

http://i53.tinypic.com/swqqns.gif

The last 6 H4 bars have the open and close lines. 6 * 4 = 24.
  • #6,031
  • Nov 30, 2010 12:33pm Nov 30, 2010 12:33pm
Pehaps this one is ready to move again...

Attached Image (click to enlarge)
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Listen to the whispers.... You may learn something
  • #6,032
  • Nov 30, 2010 12:47pm Nov 30, 2010 12:47pm
Quoting tjfxtrader
Your chart begs the question... why not trade the breakout of the previous H4 candle open/close?

http://i53.tinypic.com/swqqns.gif

The last 6 H4 bars have the open and close lines. 6 * 4 = 24.
Wrong pair..I was referring to EURGBP, not EURUSD. I have been short EURUSD for several weeks.
  • #6,033
  • Nov 30, 2010 1:00pm Nov 30, 2010 1:00pm
Quoting lawgirl21
Wrong pair..I was referring to EURGBP, not EURUSD. I have been short EURUSD for several weeks.
My question was in regards to trade the preceding H4 open:close breakout. Do you think that is valid? Of course, using the RSI(3) along with it...

http://i51.tinypic.com/15ojsba.gif

So far in profit with this PH4 BO
  • #6,034
  • Nov 30, 2010 1:04pm Nov 30, 2010 1:04pm
Quoting Location
Hi LG and others:

I have not tried to trade Breakouts by setting pending orders, yet. However, I am going to start doing so on my demo account. On which charts, do you establish your S/R Lines: H1, H4, D1, W1? How many pips do you enter below/above your S/R lines?
Just my suggestion anyway. I've been putting my pending orders 2 pips below the support line, and 2 pips + spread above resistance. Great success ratio for me.
  • #6,035
  • Nov 30, 2010 1:20pm Nov 30, 2010 1:20pm
Quoting lawgirl21
I'm so glad you are having success...don't get overly confident though as there will also be losers! (From time to time.)


Long shot, but wondered if you have by any chance maintained success/failure rates for different time-frames? Obviously must depend on how far SLs are set and pairs traded - guess I'm half answering the question here, lol.
  • #6,036
  • Nov 30, 2010 1:37pm Nov 30, 2010 1:37pm
A few setups happening: 3 taps on these 2 pairs. Wish me luck, I'm going live this time...
Attached Images
  • #6,037
  • Nov 30, 2010 1:57pm Nov 30, 2010 1:57pm
Quoting pippete
A few setups happening: 3 taps on these 2 pairs. Wish me luck, I'm going live this time...
Just try not to trade any differently than you were trading, although you may want to take money off the table more frequently.
  • #6,038
  • Nov 30, 2010 2:09pm Nov 30, 2010 2:09pm
Quoting erod84
Just my suggestion anyway. I've been putting my pending orders 2 pips below the support line, and 2 pips + spread above resistance. Great success ratio for me.
erod84:

Thanks. I will give it a try.

On which timeframe do you base your S/R lines?
  • #6,039
  • Nov 30, 2010 2:49pm Nov 30, 2010 2:49pm
Did you get into this breakout trade lawgirl?
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  • #6,040
  • Nov 30, 2010 3:04pm Nov 30, 2010 3:04pm
LG

could you view my post #6028 that I sent to you? I am looking for an answer. It refreneces a previous chart.

Thanks, Harry
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