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Trade What You See - Almost Naked Trading

  • #7,121
  • Dec 16, 2010 4:32am Dec 16, 2010 4:32am
Good observation PC2.

Can you tell us how do you enter & exit the trade in cases like this? Entry when price bar crosses 3X3 MA & closes on the other side? What abt exit?

Thx.

Quoting Precap2
The USD/JPY has been doing a range of 84.40 and 82.30.
Failure to break above 84.40 yesterday and Asian today got me playing short on the range. You can see my argument chart below.

Trade well
  • #7,122
  • Dec 16, 2010 4:39am Dec 16, 2010 4:39am
Quoting Triple Kiss
hahahaha.. Like Your Opinion. Precap2.. How About EURUSD ?
Didn't see your question earlier. Sorry.

The EUR/USD is in critical phase, broke bullish channel indicating resumption of major bearish run. But note that it's trapped on H4 for now, need a clean break below 1.3200 to resume bear run. I don't want to see any buy option for today
Attached Image (click to enlarge)
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Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #7,123
  • Dec 16, 2010 4:45am Dec 16, 2010 4:45am
Quoting CollectPIPS
Good observation PC2.

Can you tell us how do you enter & exit the trade in cases like this? Entry when price bar crosses 3X3 MA & closes on the other side? What abt exit?

Thx.
You might notice that on my chart 2 H4 bars were completely inside of 1, I waited for a down break of the IB to pull short. My target is 80pips UJ is slow crawler. But if there was no IB I would have entered with the 3X3.

Good luck.

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #7,124
  • Dec 16, 2010 4:51am Dec 16, 2010 4:51am
Yes, eurusd is trapped in an area now. Let us see which way it goes.

Quoting Precap2
Didn't see your question earlier. Sorry.

The EUR/USD is in critical phase, broke bullish channel indicating resumption of major bearish run. But note that it's trapped on H4 for now, need a clean break below 1.3200 to resume bear run. I don't want to see any buy option for today
Attached Image (click to enlarge)
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  • #7,125
  • Dec 16, 2010 5:09am Dec 16, 2010 5:09am
hi precap2, how about this chart, is this BO?, with to many colourful of RSI, how doyou think?
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"Trade Until I Come Back" Luke
  • #7,126
  • Dec 16, 2010 5:11am Dec 16, 2010 5:11am
Got it. Thx.

Quoting Precap2
You might notice that on my chart 2 H4 bars were completely inside of 1, I waited for a down break of the IB to pull short. My target is 80pips UJ is slow crawler. But if there was no IB I would have entered with the 3X3.

Good luck.

PC2
  • #7,127
  • Dec 16, 2010 5:13am Dec 16, 2010 5:13am
Is about to make 3tap on a H4 TL !
Help to be helped.
  • #7,128
  • Dec 16, 2010 5:43am Dec 16, 2010 5:43am
Quoting Lazar83
Is about to make 3tap on a H4 TL !

Is this what you see on your screen?
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  • #7,129
  • Dec 16, 2010 5:45am Dec 16, 2010 5:45am
yeap ...sorry i was a lazy to post a chart , i have some problems wit my MT4!
Help to be helped.
  • #7,130
  • Dec 16, 2010 6:14am Dec 16, 2010 6:14am
Quoting superpipo
hi precap2, how about this chart, is this BO?, with to many colourful of RSI, how doyou think?
Sorry I didn't see your question earlier, I went to make pips

Your short trade would be in order, but for your person to be more in order with assurance, you would have added the TL is did to your chart (white line).

Trade well

PC2
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #7,131
  • Dec 16, 2010 6:39am Dec 16, 2010 6:39am
3 TAP using steve's ea
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  • #7,132
  • Dec 16, 2010 6:47am Dec 16, 2010 6:47am
Quoting Precap2
The EUR/JPY broke our lower TL, formed some H4 consolidation and is now breaking out. Over to you

PC2
Hi Precap,

Thank you for sharing your trading ideas with us!


Are you in this EUR/JPY trade?
Price seems to have bounced back up from 111.00 support.

I'm trying TP at 110.65...
  • #7,133
  • Dec 16, 2010 7:02am Dec 16, 2010 7:02am
Quoting geula4
Hi Precap,

Thank you for sharing your trading ideas with us!


Are you in this EUR/JPY trade?
Price seems to have bounced back up from 111.00 support.

I'm trying TP at 110.65...
Giving someone signal to enter the market is easier than giving the signal to exit it. I exited on a support around 110.98, waited for a pullback and just reentered, hoping for a break of that minor support on this second kick. Got it?

Peace
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #7,134
  • Dec 16, 2010 7:06am Dec 16, 2010 7:06am
Quoting Precap2
Giving someone signal to enter the market is easier than giving the signal to exit it. I exited on a support around 110.98, waited for a pullback and just reentered, hoping for a break of that minor support on this second kick. Got it?

Peace
Got it! Thanks
  • #7,135
  • Dec 16, 2010 7:23am Dec 16, 2010 7:23am
Quoting Precap2
Giving someone signal to enter the market is easier than giving the signal to exit it. I exited on a support around 110.98, waited for a pullback and just reentered, hoping for a break of that minor support on this second kick. Got it?

Peace
I have been lurking around, and specifically reading ur posts. Your analyses are easy to follow. I like the way u draw ur channels, and will want to know if there is any special object u use in plotting them lines?
A missed Money is better than a lost Money
  • #7,136
  • Dec 16, 2010 7:54am Dec 16, 2010 7:54am
Quoting Precap2
Giving someone signal to enter the market is easier than giving the signal to exit it. I exited on a support around 110.98, waited for a pullback and just reentered, hoping for a break of that minor support on this second kick. Got it?

Peace
Precap2, I think it is time for you to open your own thread. You are leading traders away from the fundamentals of how we trade here. And this is not a signal service. The newbies are getting confused.
  • #7,137
  • Dec 16, 2010 8:00am Dec 16, 2010 8:00am
BO and a H4 3 Tap
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  • #7,138
  • Dec 16, 2010 8:04am Dec 16, 2010 8:04am
Setting up for a BO
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  • #7,139
  • Dec 16, 2010 8:07am Dec 16, 2010 8:07am
Quoting gspe
Yes even in lower time frame there are difference between brokers price but at least the price pattern are almost the same, in time frame higher that H1 you can see very different Candle Pattern.

Maybe instead of using Higher Time Frame is possible to use multiple value of H1 Price, for example RSI 3 on H4 is (should be) the same of RSI 12 on H1
so instead of using H1, H4, D1, W1 you could use
RSI 3, RSI 12, RSI 72, RSI 360 or 504.
It's just an idea but i'm not sure that this helps with this system
Thanks gspe. Guys, gspe is the person who wrote this indicator for us. I have asked that he make absolutely no changes to it.
  • #7,140
  • Dec 16, 2010 8:16am Dec 16, 2010 8:16am
The simplest solution to staying with existing RSIs is to use brokers who start day at 05:00 EST for your charting purposes & trade on your preferred, existing brokers' platform. No other changes are needed then.

Quoting lawgirl21
Thanks gspe. Guys, gspe is the person who wrote this indicator for us. I have asked that he make absolutely no changes to it.
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