Trade What You See - Almost Naked Trading

Gpod day, Please how does your Third Tap Marker EX4 works? I can see it on the right topmost corner of your chart.

Regards.

I use H1 chart for 3 tap rule. Also I look at trend direction on H4 first.
It is important that at least 1 tap was in a previous day.
Regardless RSI values, for me D,W,MN is enough.
And the last thing: at the moment you enter the trade, H4 RSI should follow H1 trend.

Basically thats all.

Is anyone else watching this pair? I see a BO 3T and the break of a neckline on a daily inverted head and shoulders

I tend to think it was an unorthodox way of drawing trend line.

This one looked more convincing.

Nice trade LFB.

Consolidation and H1 4C BO

Looks about the same as chart above-- about a 70 pip BO

I have tried to downlload lawgirls trend ea and it dose not work for me im new to this meta but think i did it right any sugestions thanks

BO good for about 60 pips

BO down for about 50 pips. This pair looks like it might come back up through the R/S lines for a long trade.

1 H BO happened to the downside. +25pips in the pocket.

3tap and broke that support.. Should have enough steam for 40 pips to all time low...

LG could you tell us more about your risk management. I know already that if you enter transaction you use S/R levels for TP and SL (but you rarely set it). But what then. If transaction starts to move your way and it does positive pips. What then. When you set your SL in position that will not let this transaction turn into minus? When you decide to not go for the full TP and exit earlier? I know that you do this observing PA, but could you tell me, and Us all what are those decision points that push you to do something?
I am following your thread and system for a month now. And this week is first one that i fill what i do. I have now some understanding of PA and when something is going wrong but will be really glad and grateful if you could give some more details on this part.
Thank you, Thank You, and THANK YOU for all this.

I just entered this pair short on a small H4 consolidation BO

I agree with you but would be wary of round number resistance just above at parity level.
Looks like there already was a nice Daily 3 tap which ran up about 180 pips. If the inverted H&S fails, there could be a decent pullback to follow.

Last few days we have nice channel trading here. Currently Cable is my favorite pair.

I would be happy to LFB. I trade from $10,000 accounts live and demo. At one time I traded 2 full contracts per trade with a bigger account. Now I use 1 full contract ($10) per pip because the market has changed somewhat and because I want to trade like I hope most of you are trading, whether live or demo.

I am prepared to take a 50 ($500) pip loss on any trade, which is 5% of the "seed" money. I never adjust that with wins or losses...it's always 50 pips. I don't pay attention to R:R ratios..I tried that and found it was a waste of time for me. (might be good for some). I will risk $500 to gain $400.

I have laser like focus on 100 pips per week live and will trade until I get that, on demo I usually get many more pips per week.

Once I add $5000 to my base/seed account, I withdraw it and repeat the process over again until I build up another $5000...very boring stuff, because my risk is always $500, my goal is always 100 pips.

I take profits 20, 30, 40 pips at a time. I am not looking for long pip runs although I think they are great. I just want that 100 pips per week.

I hate, hate, hate letting a positive trade turn into a negative one, although it's going to happen from time to time. If I am watching the charts, I seldom set my 50 pip SL. If I am in profit for a trade, I will often move to BE.

Looking at this current GBPUSD trade..I will let it go to my TP level which was a R/S level that looked reasonable to me. Sometimes I will exit early depending on PA.

I exited about 6 pips short of my TP. Out with +72 pips. PA was jumping around on the M15 chart.

Excellent! You are back on your game..