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Trade What You See - Almost Naked Trading

  • #6,501
  • Dec 7, 2010 7:03am Dec 7, 2010 7:03am
Quoting fxmelayu
Hi Bro, you got a very nice rsi indy at far left corner of your screen. May i know where can i download the indy.

Thanks
Here you go!

Cheers
Attached File(s)
File Type: mq4 Lawgirl's Trend Display v1.02.mq4   13 KB | 417 downloads
  • #6,502
  • Dec 7, 2010 7:12am Dec 7, 2010 7:12am
http://www.forexfactory.com/showpost...postcount=6405

Hi LG
If you'll have the time to look at my post from Monday...
And if the questions are relevant ...hope to see your answers

Tks
David
  • #6,503
  • Dec 7, 2010 7:23am Dec 7, 2010 7:23am
Quoting vanupips
Hi everyone,
Is there any post about updates from this method? or do I have to read it from post 1 to follow up?
thanks for info from those that follow it seriously
yes Better you start read from page 1 Because this Methode is to Beautifull to Pass..
more you Read and see the Example Chart you more understand Completely.
  • #6,504
  • Dec 7, 2010 7:29am Dec 7, 2010 7:29am
Quoting FXMajors
Here you go!

Cheers
Thanks FxMajor.
  • #6,505
  • Dec 7, 2010 7:30am Dec 7, 2010 7:30am
3taps + 1h bo setup
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 30 KB
  • #6,506
  • Dec 7, 2010 7:43am Dec 7, 2010 7:43am
Quoting ofer e
3taps + 1h bo setup
It is look like a bearish flag...but anything can happen in this consolidation area..
  • #6,507
  • Dec 7, 2010 7:45am Dec 7, 2010 7:45am
Waiting for BO.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 31 KB
  • #6,508
  • Dec 7, 2010 7:49am Dec 7, 2010 7:49am
nice consolidation..waiting for BO

http://www.forexfactory.com/attachme...1&d=1291729685
[IMG]file:///C:/Users/izani/AppData/Local/Temp/moz-screenshot-1.png[/IMG][IMG]file:///C:/Users/izani/AppData/Local/Temp/moz-screenshot-2.png[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf h1.png Size: 21 KB
  • #6,509
  • Dec 7, 2010 8:04am Dec 7, 2010 8:04am
Quoting ofer e
Waiting for BO.
This Long GBPCHF ditch, hope make 100 Pip Run..
  • #6,510
  • Dec 7, 2010 8:06am Dec 7, 2010 8:06am
Quoting Maverick731
In this one, how come the 3rd tap did not occur where you placed the 2nd point of the trendline, the 2nd point was clearly at the bottom of the bar beforehand. I'm guessing you don't take a 3rd tap on the bar right after the 2nd tap???
I went back to September to take a look at that set up. See chart below. It did have a third tap and about a 90 pip run up. Not only that, it had several other 3 Tap set ups before it stopped at the 3453 area.

But you could have gone back and looked at the trade as well as I could. In fact, that would be a very good learning experence for you and I highly recommend it.

I will not take the time to go through past charts with you. You must do it yourself if you have questions. You appear to me to be a trader who likes taking short cuts. Taking short cuts in trading, actually in life in general, never works out in the long run. Stick with the thread, put in the time, study the charts and it will eventually pay off.
Attached Image
  • #6,511
  • Dec 7, 2010 8:11am Dec 7, 2010 8:11am
Hi all

Have just joined FF and this seems to be a good thread to look at as it is not bogged down with indicators(been there!). Can anyone kindly recommend any other good threads on FF that are good educational threads for the newcomer? This cat is keen to learn!

Thanks,

Kalbar
  • #6,512
  • Dec 7, 2010 8:12am Dec 7, 2010 8:12am
Quoting lawgirl21
H1 4C BO set up forming (although over an hour too early on my chart). If BO occurs, would also be a consolidation BO...making it a stronger trade.
Well a BO did occur, but not in the direction first indicated. We don't care in which direction there is a BO, as watching the RSIs and PA would have guided us correctly. This was about a 40 pip BO.
Attached Image
  • #6,513
  • Dec 7, 2010 8:15am Dec 7, 2010 8:15am
Quoting lawgirl21
Another BO forming if PA continues down.
Again, a reversal in initial direction. Watching and waiting would have gotten us into the right direction.
Attached Image
  • #6,514
  • Dec 7, 2010 8:25am Dec 7, 2010 8:25am
Quoting ofer e
3taps + 1h bo setup
So far the chart good to me.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 25 KB
  • #6,515
  • Dec 7, 2010 8:28am Dec 7, 2010 8:28am
Many thanks Lawgirl for your system, almost gave up on Forex previously but am now making some pips using BO initially & now just getting into 3taps




The more I practise, the luckier I get !
  • #6,516
  • Dec 7, 2010 8:31am Dec 7, 2010 8:31am
Quoting david4u
Hi LG
Great thread , great stuff , great people.
I took 4 trades :
eurjpy +30 , eurusd +25 , eurchf +23
audjpy -24 (my fault)
For a total of +54 pips.
Some questions :
1. Do you enter as immediately as market opens ?
2. Is your target 100% of the gap size (Friday's close) ?
I have seen some traders target for example 75% of the gap.
3. I set as SL the same size of my target , so I get a RR of 1:1 , hoping they are high probability trades.
What's your SL policy for gap setups ?
4. As you follow 20 pairs , do you look , as market opens ,
at the...
Hi David, sorry it's taken me so long to answer you.

1. Yes, as soon as the gaps can be evaluated after the market opens, I usually choose one or two of the "best" pairs to trade. "Best" is totally discretionary..how large a gap, over all longer term direction, any RSI confirmation of the direction I will be trading, etc.

2. Mine generally is about 100% of gap size, but I just "eyeball" it. I never actually look at numbers and say this is what I am looking for. Gaps can go further than the fill too, so often a trader can get more pips than the actual gap size.

3. I generally do not set a SL on a gap trade, but I don't recommend that anyone else follow my example. Experiment with the SL, if you find that 1:1 ratio is too tight and allows for no play..loosen up on it. I personally really hate to lose a trade that would have been a winner because of a rigid RR ratio.

4. Yes, see #1 above.
5. Yes, 25-30 pips

Hope this helps, David.
  • #6,517
  • Dec 7, 2010 8:35am Dec 7, 2010 8:35am
Quoting ofer e
Waiting for BO.
That's a beautiful chart, ofer. Shows very nice BOs every single day...some in both directions. You could trade just that one chart and make outstanding pips.
  • #6,518
  • Dec 7, 2010 8:38am Dec 7, 2010 8:38am
Quoting gloworm
Many thanks Lawgirl for your system, almost gave up on Forex previously but am now making some pips using BO initially & now just getting into 3taps




The more I practise, the luckier I get !
It's amazing how luck follows hard work and study..I am constantly amazed too! Glad you have joined us gloworm.
  • #6,519
  • Dec 7, 2010 8:48am Dec 7, 2010 8:48am
GBPCHF H1 BO
+25 atm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf h1 BO.jpg Size: 120 KB
  • #6,520
  • Dec 7, 2010 8:48am Dec 7, 2010 8:48am
Quoting lawgirl21
I went back to September to take a look at that set up. See chart below. It did have a third tap and about a 90 pip run up. Not only that, it had several other 3 Tap set ups before it stopped at the 3453 area.

But you could have gone back and looked at the trade as well as I could. In fact, that would be a very good learning experence for you and I highly recommend it.

I will not take the time to go through past charts with you. You must do it yourself if you have questions. You appear to me to be a trader who likes taking short cuts. Taking...
No, I'm just trying to put my question into words. To me it seems your higher lows and lower highs, or lower lows and higher highs are arbitrary. In that chart I guess I was saying why not place the 2nd point of the trendline on the low of the bar before you placed the actual trendlines 2nd point, this would have given a 3rd tap on the bar that is/was currently only the 2nd tap.

I have been going back through my charts and trying to plot things, but hindsight is all 20/20, I can make things look perfect but I know that would not be the case during REALTIME. So I'm trying to figure out how you are placing your trendlines.

I'm not trying to take shortcuts here, they are simple but not explained well.
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