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Trade What You See - Almost Naked Trading

  • #6,421
  • Dec 6, 2010 7:02am Dec 6, 2010 7:02am
Quoting Wally1953
Attachment
Would you not consider that as a missed opp, given that H4/H1 rsi are pointing up?
  • #6,422
  • Dec 6, 2010 7:10am Dec 6, 2010 7:10am
Quoting bimmerbob
Although I see the merits of the 3T and BO systems, my major problem remains that of not being able to ignore (my) predictive EW counts.

I tend to stick to GU - on the basis that I'd sooner be intimate with this pair's PA as opposed to looking at various pairs which tends to muddle my thoughts.

EW is like a drug, lol. Any suggestions how to step away from this psych?!
I guess if u were as successful with EW as u would like to be then u may not be here Why not try trading LG's methods "mechanically" (from a psychological viewpoint) in demo whilst continuing to trade your current EW strategy live, and see what is working best for u in 3months time or so? The results should help u decide either way
  • #6,423
  • Dec 6, 2010 7:12am Dec 6, 2010 7:12am
Quoting bimmerbob
Would you not consider that as a missed opp, given that H4/H1 rsi are pointing up?
Well, the best opportunity to get in was about 5 hours ago, but I believe on these higher timeframes, it's not necessarily too late, and another entry will present itself with RSIs in line. A possible BO trade may be setting up right now on H1, another opportunity to get in.

I was just pointing the 3-tap out. I'm no expert. LG should have the final input on this.
"Be the change that you wish to see in the world." --Gandhi
  • #6,424
  • Dec 6, 2010 7:25am Dec 6, 2010 7:25am
Quoting Ph22
I guess if u were as successful with EW as u would like to be then u may not be here Why not try trading LG's methods "mechanically" (from a psychological viewpoint) in demo whilst continuing to trade your current EW strategy live, and see what is working best for u in 3months time or so? The results should help u decide either way
I have been trading LG's method, but not so frequently as some of you guys. Granted EW can be slower, was merely asking for tips on getting away from EW, sarcasm aside!
  • #6,425
  • Dec 6, 2010 7:26am Dec 6, 2010 7:26am
Quoting JayTrader
M15 or M30 I use M30
Which ever TF they can be seen easiest. I usually use H1, because I usually can see them more clearly on that TF, but there is no "correct" TF.
  • #6,426
  • Dec 6, 2010 7:32am Dec 6, 2010 7:32am
Quoting bimmerbob
I have been trading LG's method, but not so frequently as some of you guys. Granted EW can be slower, was merely asking for tips on getting away from EW, sarcasm aside!
Apologies, no sarcasm intended.
  • #6,427
  • Dec 6, 2010 7:33am Dec 6, 2010 7:33am
U/J what do u think guys (BO) foaming
Bay The earth is the Lord's and the fullness thereoff.
  • #6,428
  • Dec 6, 2010 7:37am Dec 6, 2010 7:37am
Quoting bimmerbob
I have been trading LG's method, but not so frequently as some of you guys. Granted EW can be slower, was merely asking for tips on getting away from EW, sarcasm aside!
Hi BB--While I am not "pushing" one system over another, please realize that we are looking at waves when we trade the 3 Taps. Although we can have the taps consecutively, most of the time we do not and the taps are a result of wave type price action.
  • #6,429
  • Dec 6, 2010 7:38am Dec 6, 2010 7:38am
sorry for the question guys..but how can i set each pairs with its and only lawgirl's trend indicator? thanks in advance..
  • #6,430
  • Dec 6, 2010 7:45am Dec 6, 2010 7:45am
Quoting bayana2020
U/J what do u think guys (BO) foaming
Precap said earlier that price was badly trapped and boy do I believe he is right! I have been in this trade since last week on a retrace after the spike down...very little movement, but sooner or later it will have to do something.
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  • #6,431
  • Dec 6, 2010 7:50am Dec 6, 2010 7:50am
watching this for consolidation BO
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  • #6,432
  • Dec 6, 2010 7:50am Dec 6, 2010 7:50am
Quoting simmo24
Got stopped out at BE while I was at lunch. Oh well, I'm done for the day.

Good...don't give those 100 pips back!
  • #6,433
  • Dec 6, 2010 7:53am Dec 6, 2010 7:53am
..had a nice BO earlier, now has set up a 3 Tap trade, but since it is so close to a change in the H4 candle for me (8 min.) I am going to watch what PA does at the candle change.
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  • #6,434
  • Dec 6, 2010 7:56am Dec 6, 2010 7:56am
This was a nice BO for 90+ pips.
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  • #6,435
  • Dec 6, 2010 7:58am Dec 6, 2010 7:58am
When this pair finally as a BO, it should be for some very good pips. I've been watching it since last week.
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  • #6,436
  • Dec 6, 2010 8:00am Dec 6, 2010 8:00am
I didn't like that pin bar on the weekly chart, but PA seems to be defying it.
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  • #6,437
  • Dec 6, 2010 8:01am Dec 6, 2010 8:01am
Quoting lawgirl21
..had a nice BO earlier, now has set up a 3 Tap trade, but since it is so close to a change in the H4 candle for me (8 min.) I am going to watch what PA does at the candle change.
I am watching this too for a decent break above 10080 Fri high
  • #6,438
  • Dec 6, 2010 8:06am Dec 6, 2010 8:06am
Another pair we have been watching on the daily chart for over 2 weeks. When it finally breaks one way or the other, I believe it will really move, as it has room to run in either direction.
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  • #6,439
  • Dec 6, 2010 8:07am Dec 6, 2010 8:07am
Interesting how my UCAD price looks different to yours...


Quoting lawgirl21
..had a nice BO earlier, now has set up a 3 Tap trade, but since it is so close to a change in the H4 candle for me (8 min.) I am going to watch what PA does at the candle change.
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  • #6,440
  • Dec 6, 2010 8:11am Dec 6, 2010 8:11am
Quoting redart007
Interesting how my UCAD price looks different to yours...
Just remember that you are trading what's on your charts and not mine, redart. Glad you have joined us.
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