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Trade What You See - Almost Naked Trading

  • #6,341
  • Dec 3, 2010 7:25pm Dec 3, 2010 7:25pm
Quoting tempaul2004
Is there an arrow RSI indicator out there that works with FXCM's trading station? I asked them about creating one, but they want to charge me

If you do find one that works with FXCM TS please let me know I was going to ask the same question on here and I think there is a forum some where for FXCM TS users .
  • #6,342
  • Dec 3, 2010 7:59pm Dec 3, 2010 7:59pm
The forum moderator asked me not to post in the thread. He said it was to complicated and their programmers had to do it. I kind of feel awkward asking here. Cluttering up a gread thread with it and all
  • #6,343
  • Dec 4, 2010 1:55am Dec 4, 2010 1:55am
Quoting tempaul2004
The forum moderator asked me not to post in the thread. He said it was to complicated and their programmers had to do it. I kind of feel awkward asking here. Cluttering up a gread thread with it and all
You could change your FXCM TS to MT4. FXCM also have MT4 Platforms.
Just ask them and tell them you want to use EAs and custom indicators.
My former Broker was FXCM and I used a MT4 platform there.
There`s no life before COFFEE!
  • #6,344
  • Dec 4, 2010 5:44am Dec 4, 2010 5:44am
This system is very similar to our 3T system

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We trade to live not live to trade................
  • #6,345
  • Dec 4, 2010 8:11am Dec 4, 2010 8:11am
Quoting tempaul2004
The forum moderator asked me not to post in the thread. He said it was to complicated and their programmers had to do it. I kind of feel awkward asking here. Cluttering up a gread thread with it and all
I have no idea what you are talking about.
  • #6,346
  • Dec 4, 2010 9:20am Dec 4, 2010 9:20am
USDJPY - Monthly - Posted last weekend

Seven year lows in October. The end of November price was heading up, but the first few days of December turned it around.

I am in this trade long on a demo account, as well as two other pairs on monthly charts. All are taking a beating right now, but this is the only way to really test set-ups and personal fortitude for these DDs.
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  • #6,347
  • Dec 4, 2010 9:24am Dec 4, 2010 9:24am
Almost reached October 2008 lows when PA turned. Am in a demo trade on this pair off a 3 Tap setup and trigger on monthly chart.
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  • #6,348
  • Dec 4, 2010 10:40am Dec 4, 2010 10:40am
Quoting tempaul2004
Is there an arrow RSI indicator out there that works with FXCM's trading station? I asked them about creating one, but they want to charge me
I closed my FXCM account and went to IBFX, uses Metatrader 4 and debit card funding. Also no charge for sending you a check, FXCM charged me 10.00. They both have stanadard and micro accounts.
  • #6,349
  • Dec 4, 2010 10:49am Dec 4, 2010 10:49am
what trade would you make in this case @LG.

Quoting lawgirl21
Almost reached October 2008 lows when PA turned. Am in a demo trade on this pair off a 3 Tap setup and trigger on monthly chart.
Bay The earth is the Lord's and the fullness thereoff.
  • #6,350
  • Dec 4, 2010 7:56pm Dec 4, 2010 7:56pm
hi there,

im new to the forum and have been following this thread with great interest cause of its simplicity and great explanations by lawgirls and her charts.

I have always been intrigue by forex and have been lurking around FF reading through all the systems posted by many folks here. Being doing that for about 6 mths with systems that i can understand and testing it out on demos, some with minimal success and some went down in a blaze of glory.
Mostly i have been looking at scalping techniques which is a little too consuming on my time on a daily basis.

I guess i have zero talent in this area but what i lack i try to make up by brute time use.

I have been reading post by post and am currently at page 80 or so. Am taking notes as i read as well as questions and answering them along the way with all the posts written by you folks.

I have been doing that since couple days back and so am a little late in testing this strategy on the demos so close to the weekend. Being practicing the strategy on post weeks chart though and it seem fine so far base on my understanding. Need to practice more on trendline drawing and identifying which methods to use for the setup since there are 3 or 4 or a combo of a few.

Just one questions though which i cant seem to find

Determining which pair to engage in for the day?

I understand its all about studying the W , D and H4 RSI direction but if

W and D is up and say H4 is say at barely 4oclock or at 3 neutral. will you still consider it as a potential candidate for monitoring?

or if W is up D is neutral and H4 is up?

I apologize if this is a wordy 1st post or if this is asked before but im only at 80 and its burning me this question?

TIA
  • #6,351
  • Edited 9:52am Dec 5, 2010 8:36am | Edited 9:52am
Quoting haveadream
hi there,

im new to the forum and have been following this thread with great interest cause of its simplicity and great explanations by lawgirls and her charts.

I have always been intrigue by forex and have been lurking around FF reading through all the systems posted by many folks here. Being doing that for about 6 mths with systems that i can understand and testing it out on demos, some with minimal success and some went down in a blaze of glory.
Mostly i have been looking at scalping techniques which is a little too consuming on my time on...
Welcome to the thread, TIA. That is a good question and there are probably many good answers to it. I would highly recommend that you start with only 3 pairs, any pairs, to concentrate on for awhile. Post charts and mark them for 3 Taps and BOs until you see those setups without having to draw a single line.

I scan about 20 pairs and generally come back to about 3 to really concentrate on. I'm looking at trend confirmation first, then long term support/resistence, then a way for a possible entry i.e. 3 Taps, H1 4C BO, consolidation BO or a channel trade.
  • #6,352
  • Dec 5, 2010 8:38am Dec 5, 2010 8:38am
Quoting bayana2020
what trade would you make in this case @LG.
I am short this trade, based on the 3 Taps. This is a very risky trade at this point. I can't wait to see what the new week does to it.
  • #6,353
  • Dec 5, 2010 11:40am Dec 5, 2010 11:40am
Quoting lawgirl21
Welcome to the thread, TIA. That is a good question and there are probably many good answers to it. I would highly recommend that you start with only 3 pairs, any pairs, to concentrate on for awhile. Post charts and mark them for 3 Taps and BOs until you see those setups without having to draw a single line.

I scan about 20 pairs and generally come back to about 3 to really concentrate on. I'm looking at trend confirmation first, then long term support/resistence, then a way for a possible entry i.e. 3 Taps, H1 4C BO, consolidation BO or a channel...
I would like to add one thing here. If you have the W and D pointing in one direction, and the price is very close to the third tap (either on its way to making the tap, or just having made the tap), it will be perfectly common for the H4 RSI not to line up. The H4 coming into line can then provide the trigger for the set-up. So, if you are looking for trades that are likely to be three tap trades, it may be best simply to concentrate on W and D to find your candidates.

If you only look at pairs where all three RSIs are pointing strongly in once direction, you are likely to find many trades where it is too late to get in. Price has already made its third tap, and moved in the direction of the trade.
  • #6,354
  • Dec 5, 2010 12:06pm Dec 5, 2010 12:06pm
Quoting duffypratt
I would like to add one thing here. If you have the W and D pointing in one direction, and the price is very close to the third tap (either on its way to making the tap, or just having made the tap), it will be perfectly common for the H4 RSI not to line up. The H4 coming into line can then provide the trigger for the set-up. So, if you are looking for trades that are likely to be three tap trades, it may be best simply to concentrate on W and D to find your candidates.

If you only look at pairs where all three RSIs are pointing strongly in once...
That is excellent info, DP... as usual.
  • #6,355
  • Dec 5, 2010 3:28pm Dec 5, 2010 3:28pm
Evening all, not seeing any worthwhile gaps tonight on majors.
  • #6,356
  • Dec 5, 2010 3:47pm Dec 5, 2010 3:47pm
Hi Ph...hope you had a good weekend.
  • #6,357
  • Dec 5, 2010 3:47pm Dec 5, 2010 3:47pm
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Always Learning
  • #6,358
  • Dec 5, 2010 3:52pm Dec 5, 2010 3:52pm
Quoting JayTrader
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Looks like the AUD pairs might be the ones to watch.
  • #6,359
  • Dec 5, 2010 3:54pm Dec 5, 2010 3:54pm
the market has not opened yet i wonder where u got that
Bay The earth is the Lord's and the fullness thereoff.
  • #6,360
  • Dec 5, 2010 3:55pm Dec 5, 2010 3:55pm
the eurjpy has a 3o pip gap after spread also
Quoting lawgirl21
Looks like the AUD pairs might be the ones to watch.
Always Learning
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