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Trade What You See - Almost Naked Trading

  • #7,141
  • Dec 16, 2010 8:16am Dec 16, 2010 8:16am
H4 3 Tap set up and trigger.
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  • #7,142
  • Dec 16, 2010 8:20am Dec 16, 2010 8:20am
Quoting lawgirl21
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.
Hi Precap2:

I second this idea. I think that you have a clear grasp of what you do, and can articulate your thoughts effectively. Many traders will benefit from your guidance.
  • #7,143
  • Dec 16, 2010 8:22am Dec 16, 2010 8:22am
Setting up for a ZC short trade.
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  • #7,144
  • Dec 16, 2010 8:25am Dec 16, 2010 8:25am
Lawgirl, Im wondering if you have consistent success with this strategy? Would you be willing to disclose average pip take over a weeks time? I will make a streak of profitable trades then turn around and have a streak of negatives. Seems like I'm not getting anywhere. Maybe I am not being patient enough with the setup?
  • #7,145
  • Dec 16, 2010 8:26am Dec 16, 2010 8:26am
Quoting lawgirl21
Setting up for a ZC short trade.
That's also a 4h 3 tap... I'm shooting for parity.. Would you buy right away on the rebound? I was gonna do that yesterday, but was too late..
  • #7,146
  • Dec 16, 2010 8:26am Dec 16, 2010 8:26am
Quoting Precap2
For gold diggers only! If your generation to the tenth was never in the mines, please don't trade this
Gold broke our trenline support and is retesting it now. Wait for complete retest before you pull trigger. For me I'm very impatient (because my Holy Grail says so) and I'm short already targeting 1370.00 for 1500 points, or 1350.00 for zillion points.
Watch and pray hard!
Gold first target of 1500 points met, half out. Waiting for 1350 target now.

Trade well

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #7,147
  • Dec 16, 2010 8:33am Dec 16, 2010 8:33am
Input is much appreciated. I feel like I will draw my trend too steep sometimes and get a huge breakthrough. It this a good setup? Assuming RSI was all down.
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  • #7,148
  • Dec 16, 2010 8:33am Dec 16, 2010 8:33am
Quoting lawgirl21
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.
Very well. You're right.
I ain't opening no thread now, will try to reexamine where I'm going wrong and retrace.
I'm not giving signal, but every trade is seen as signal when you post it anyhow.

Thank you

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #7,149
  • Dec 16, 2010 8:34am Dec 16, 2010 8:34am
Quoting floppynuts
Input is much appreciated. I feel like I will draw my trend too steep sometimes and get a huge breakthrough. It this a good setup?
RSIs all pointing up.. Your TL should be on the bottom for a long trade...
  • #7,150
  • Dec 16, 2010 8:34am Dec 16, 2010 8:34am
Quoting pippete
That's also a 4h 3 tap... I'm shooting for parity.. Would you buy right away on the rebound? I was gonna do that yesterday, but was too late..
No, I am looking to short this pair. I have moved to the M15 chart and will wait until PA continues down. I will probably not wait for a candle to break through the resistence area. Right now PA appears to be stalling a little.
  • #7,151
  • Dec 16, 2010 8:36am Dec 16, 2010 8:36am
Quoting floppynuts
Input is much appreciated. I feel like I will draw my trend too steep sometimes and get a huge breakthrough. It this a good setup? Assuming RSI was all down.

You need to clean up your charts FN...too hard to read.
  • #7,152
  • Dec 16, 2010 8:37am Dec 16, 2010 8:37am
Right, If I was trying to short, and all RSI were down. I just want to know if the trend setup looks legit. Thanks
  • #7,153
  • Dec 16, 2010 8:38am Dec 16, 2010 8:38am
suggestions lawgirl?
  • #7,154
  • Dec 16, 2010 8:41am Dec 16, 2010 8:41am
Quoting floppynuts
Lawgirl, Im wondering if you have consistent success with this strategy? Would you be willing to disclose average pip take over a weeks time? I will make a streak of profitable trades then turn around and have a streak of negatives. Seems like I'm not getting anywhere. Maybe I am not being patient enough with the setup?
FN...you must be just reading the last few pages of this thread. I have talked ad nauseam about my weekly goal. Almost every trader who follows this thread knows when I hit that goal..and most goal oriented traders tell the rest of us when they hit theirs. Go back to the 4 Stages of Trading and see which step you are on...sounds like Step 2. I will post it again.
  • #7,155
  • Dec 16, 2010 8:42am Dec 16, 2010 8:42am
Quoting floppynuts
Right, If I was trying to short, and all RSI were down. I just want to know if the trend setup looks legit. Thanks
Hi Floppynuts,

IMHO, the 3 taps look ok.
Of course, RSIs are pointing up...
  • #7,156
  • Dec 16, 2010 8:48am Dec 16, 2010 8:48am
Always know which stage you are in!

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.
  • #7,157
  • Dec 16, 2010 8:50am Dec 16, 2010 8:50am
Ok thank you. Sorry Lawgirl..I jump in and out of this thread and there are soo many posts on setups and goals I didn't really follow. I get impatient and jump around on my strategy soo much that I am trying to slow down. I have been at a constant value for a few months so I am trying to tune what I am doing wrong and take pointers from those who are kickin butt. Should I remove MACD? I think I use it sometimes as confirmation that I am not way off when placing a trade. But you all seem like you are doing good without any other inds. I am very determined to be a steady strong trader in forex!
  • #7,158
  • Dec 16, 2010 8:57am Dec 16, 2010 8:57am
Tight trading on H1 and H4 charts.
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  • #7,159
  • Dec 16, 2010 9:00am Dec 16, 2010 9:00am
Quoting floppynuts
Ok thank you. Sorry Lawgirl..I jump in and out of this thread and there are soo many posts on setups and goals I didn't really follow. I get impatient and jump around on my strategy soo much that I am trying to slow down. I have been at a constant value for a few months so I am trying to tune what I am doing wrong and take pointers from those who are kickin butt. Should I remove MACD? I think I use it sometimes as confirmation that I am not way off when placing a trade. But you all seem like you are doing good without any other inds. I am very determined...
IMHO, you should take some time to learn this system.
It is not very complicated, but you should dedicate a few hours just to read *at least* the first few pages of this thread and go over some of the trade examples.

Then I suggest that you try out on a demo account, try to find good setups while tracking some of the ideas that members post here.

Just my two cents. Hope it helps...
  • #7,160
  • Dec 16, 2010 9:04am Dec 16, 2010 9:04am
Long channel here. Be patient.
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