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Trade What You See - Almost Naked Trading

  • #6,781
  • Dec 10, 2010 9:18am Dec 10, 2010 9:18am
Quoting Ph22
I think 3180 is a bigger level than 3200.
3 attempts at getting thru there so far and only one quick dip in the middle and back up.
I don't see much difference in 3190 and 3180, although 80 is the big round number that many traders look to. On the weekly chart, I don't see a difference in levels. I considered 80 because of the psyche aspect of it, but that would be a 40 pip move down to enter.
  • #6,782
  • Dec 10, 2010 9:38am Dec 10, 2010 9:38am
Quoting lawgirl21
I don't see much difference in 3190 and 3180, although 80 is the big round number that many traders look to. On the weekly chart, I don't see a difference in levels. I considered 80 because of the psyche aspect of it, but that would be a 40 pip move down to enter.
Not suggesting u are wrong LG, just thinking that for the sake of 10-15pips lower I would prefer the higher probability entry allowing a tighter stop.
  • #6,783
  • Dec 10, 2010 9:51am Dec 10, 2010 9:51am
Quoting Ph22
Not suggesting u are wrong LG, just thinking that for the sake of 10-15pips lower I would prefer the higher probability entry allowing a tighter stop.
No, I could be very wrong..you are probably right. Ordinarily I would say
"close enough", but I am going to move my entry about 12 pips to 78, because of the psyche level. That probably won't happen for awhile, if it happens at all. Thanks for confirming what I knew in my head,but paid no attention to.
  • #6,784
  • Dec 10, 2010 10:03am Dec 10, 2010 10:03am
Quoting lawgirl21
what I knew in my head,but paid no attention to.

You too?
I am a fully paid up member of the same club lol
  • #6,785
  • Edited Dec 11, 2010 2:13am Dec 10, 2010 7:02pm | Edited Dec 11, 2010 2:13am
here is some of my definition for a nake chart



1)What is a swing?
As you can see, the upswing is a 2 candlestick consecutive with the open > open of the previous, close> close of previous, wick > wick of the previous
Attached Image



The down swing is vice versa
Attached Image



2)What is a trend?
An uptrend is start with the upswing , down swing…. It create rising peaks and troughs
Attached Image


Vice versa with down trend
Attached Image
  • #6,786
  • Edited 2:31am Dec 11, 2010 2:14am | Edited 2:31am
3)Trendline
Trendline basically create resistance and support . Everyone know it, but not many one know how to draw it correctly, here I will show you the mistake in drawing trendline
As you can see in the picture right trendline is AB and wrong trend line is AC why? Because point E higher than D and point F1 lower than previous peak E


Attached Image

This picture AC is right trendline because F2 higher than previous peak E
Vice versa with the down trendline

Attached Image


Going to post more ... i have likely 100 question to post in here...so stay tune
  • #6,787
  • Dec 11, 2010 5:59am Dec 11, 2010 5:59am
Hi folks,

Bit off topic, so hope nobody minds.
Admit to being completely useless at mt4.
Just downloaded Broco mt4. Been clicking all sorts and found it frustrating!

1) LG's .mt4 trend finder cannot be read by win7.
2) the metaeditor icon when clicked is totally blank - I assumed it will have various files/folders (for example EA).
3) Sort of understand that mt4 requires .ex4 files for EA, but how can LG's .mq4 be converted?

If I can get over the basics, maybe it will encourage me to do some more, otherwise will give up!

Any help appreciated, TIA.
  • #6,788
  • Dec 11, 2010 6:21am Dec 11, 2010 6:21am
Quoting bimmerbob
Hi folks,

Bit off topic, so hope nobody minds.
Admit to being completely useless at mt4.
Just downloaded Broco mt4. Been clicking all sorts and found it frustrating!

1) LG's .mt4 trend finder cannot be read by win7.
2) the metaeditor icon when clicked is totally blank - I assumed it will have various files/folders (for example EA).
3) Sort of understand that mt4 requires .ex4 files for EA, but how can LG's .mq4 be converted?

If I can get over the basics, maybe it will encourage me to do some more, otherwise will give up!

Any help appreciated,...
Wish I could help you BB, but I am totally without knowledge of that file and mt4 stuff. All you need though is a chart and an RSI(3). That is all I used for years. the RSI indicator is new. It speeds up the analysis process, but that's all it does.
  • #6,789
  • Dec 11, 2010 6:53am Dec 11, 2010 6:53am
Quoting lawgirl21
Wish I could help you BB, but I am totally without knowledge of that file and mt4 stuff. All you need though is a chart and an RSI(3). That is all I used for years. the RSI indicator is new. It speeds up the analysis process, but that's all it does.
Its a very handy tool though! Speeding up the process is the pre-requisite!
  • #6,790
  • Dec 11, 2010 6:56am Dec 11, 2010 6:56am
An mq4 file has to be compiled for MT4 to be able to use...this is explained on the post where the download link resides.
The easiest way to compile the file is to close MT4 and restart MT4 again. When MT4 opens, it checks all the mq4 files and compiles any mq4 file that hasn't been compiled before.

Quoting bimmerbob
Hi folks,

Bit off topic, so hope nobody minds.
Admit to being completely useless at mt4.
Just downloaded Broco mt4. Been clicking all sorts and found it frustrating!

1) LG's .mt4 trend finder cannot be read by win7.
2) the metaeditor icon when clicked is totally blank - I assumed it will have various files/folders (for example EA).
3) Sort of understand that mt4 requires .ex4 files for EA, but how can LG's .mq4 be converted?

If I can get over the basics, maybe it will encourage me to do some more, otherwise will give up!

Any help appreciated,...
Listen to the whispers.... You may learn something
  • #6,791
  • Dec 11, 2010 7:04am Dec 11, 2010 7:04am
Hi, every one
Where can I get the indicator to show the arrows on the right top corner, like the chart below:

Thanks

http://cdn.forexfactory.com/attachme...1&d=1291994058
Dancing with Candlesticks
  • #6,792
  • Dec 11, 2010 7:51am Dec 11, 2010 7:51am
I've been giving this alot of thought and believe that basically there are 4 steps to becoming successful in this crazy business. Just my opinion, so please add your own comments.

1. Losing - because of one, or a combination of poor money management, lack of discipline, insisting on reaching that TP no matter what, poor set up and entry strategy, poor exit strategy, letting a winning trade turn into a losing trade, "knowing" what the market will do. Ego;

2. Making pips, then losing them - reaching a daily/ weekly goal, then continuing to trade believing you "know" what the market is going to do, the "just one more trade" syndrome, just a few more pips. Ego;

3. Making pips, and keeping them - reaching a daily/weekly goal and stopping live trading, using the rest of the trading week to review charts, watch PA, experiment with set ups and trigger. Humility.

4. Withdrawing profits from account - repeating step 3 again and again until enough money has accumulated for a rewarding withdrawal. Then repeating steps 3 and 4 over (and over) again. Humility.

Every trader goes through these steps to one degree or another. The goal is to get to step 3, then on to step 4. I personally struggle with sometimes reverting back to step 2.
  • #6,793
  • Dec 11, 2010 8:38am Dec 11, 2010 8:38am
Like many others, it was a tough week for me. I placed 5 H1 4C BO trades on Tuesday and Wednesday night. I ended up -37 for the week
  • #6,794
  • Dec 11, 2010 9:17am Dec 11, 2010 9:17am
Quoting iForex
Hi, every one
Where can I get the indicator to show the arrows on the right top corner, like the chart below:

Thanks

http://cdn.forexfactory.com/attachme...1&d=1291994058
This is what am searching for .. any help?

thx
  • #6,795
  • Dec 11, 2010 9:19am Dec 11, 2010 9:19am
Can someone please post session line indicator thank you
  • #6,796
  • Dec 11, 2010 9:21am Dec 11, 2010 9:21am
Quoting ammar2000a70
This is what am searching for .. any help?

thx
C'mon guys!!! Searching??? If u read POST 1 CAREFULLY u will find link to both the indicator and the instructions on how to customise.
  • #6,797
  • Dec 11, 2010 9:26am Dec 11, 2010 9:26am
Quoting Longle
3)Trendline...

hm buddy, dont wanna to interrup you in your posts etc. , but if you want to teach the rookies here, u should use images that fit your ideas exactly etc....
this examples are actually trash...

sorry

keep up your work

kindest regards
Hero calls followed by margin calls...
  • #6,798
  • Dec 11, 2010 9:31am Dec 11, 2010 9:31am
@lawgirl....

i don't know but it seems this thread get out of control....
there are too many rookie questions in here last few pages ago...

please stick to the original thread topic guys and ask via pm...

how about a posting restriction for at least > 0 vouchers ?

i do rly like the content of this thread, but it takes strong nerves too read through it either...

kindest regards
Hero calls followed by margin calls...
  • #6,799
  • Dec 11, 2010 9:48am Dec 11, 2010 9:48am
Quoting PhAnTi'
@lawgirl....

i don't know but it seems this thread get out of control....
there are too many rookie questions in here last few pages ago...

please stick to the original thread topic guys and ask via pm...

how about a posting restriction for at least > 0 vouchers ?

i do rly like the content of this thread, but it takes strong nerves too read through it either...

kindest regards
Can't speak for LG but I imagine most people have no problem with rookie questions especially when the thread is as big and daunting a read as this one must be to a newcomer. For that very reason LG makes a point of keeping the first post updated as we go. So when people ask for something or say they can't find something that is on the FIRST post then sorry but that is just sloppy reading!
  • #6,800
  • Dec 11, 2010 10:10am Dec 11, 2010 10:10am
Quote
then sorry but that is just sloppy reading!

it is indeed....but they dont get it....
makes me angry...
Hero calls followed by margin calls...
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