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Trade What You See - Almost Naked Trading

  • #7,341
  • Dec 20, 2010 1:25am Dec 20, 2010 1:25am
Quoting mikok730
today market not so volatile,maybe not so much news release and most of them start taking leave for christmas
yes Until now looks like That.
But Who Knows Forex?? sleeping Animal (Bulls or Bear) must wake up..
  • #7,342
  • Dec 20, 2010 1:35am Dec 20, 2010 1:35am
Quoting Scrutch
FXDD: Opening Gaps >= 10.0

AUDJPY........Up........13.0
AUDNZD.......Up........35.0
CADJPY........Up........12.0
CHFJPY........Up........24.0
EURCHF......Down......26.0
EURJPY.........Up.......11.0
GBPCHF......Down......32.0
NZDUSD......Down.....13.0
USDCHF......Down.....21.0
HI

Could you tell us how and where do you have this data ?

Sorry for my English
  • #7,343
  • Dec 20, 2010 2:18am Dec 20, 2010 2:18am
Quoting Triple Kiss
yes Until now looks like That.
But Who Knows Forex?? sleeping Animal (Bulls or Bear) must wake up..
hi friend, you ask me to wake up?
Attached Image
  • #7,344
  • Dec 20, 2010 2:40am Dec 20, 2010 2:40am

Quoting mikok730
hi friend, you ask me to wake up?

WKWKWKWKW
Nice pic..
  • #7,345
  • Dec 20, 2010 2:52am Dec 20, 2010 2:52am
Quoting yosih36
HI

Could you tell us how and where do you have this data ?

Sorry for my English
Find gap Indicator can be setting to show minumum gap u want.
Gap Up You sell
Gap Down You buy.
find gap 25 pips above the bigger the Better..
Watch out the Spread.. Minimum Spread with large Gap is a perfect one..
See You Yosih next week. By the way my English is not good too.. learning Forex n English both now
Attached File(s)
File Type: mq4 Find Weekly Gap.mq4   6 KB | 472 downloads
  • #7,346
  • Dec 20, 2010 4:43am Dec 20, 2010 4:43am
Quoting mikok730
hi friend, you ask me to wake up?



come get me then!
A missed Money is better than a lost Money
  • #7,347
  • Dec 20, 2010 4:58am Dec 20, 2010 4:58am
Hi All,

EUR seems to be in a range 1.3125-85
IMHO (=In My Humble Opinion) we should wait for a BO.

I think that a down BO of 25 sup. area is more likely because of fund.
What do you guys think?

Thank you
  • #7,348
  • Dec 20, 2010 5:08am Dec 20, 2010 5:08am
EUR/JPY. . . Waiting
Attached Image (click to enlarge)
Click to Enlarge Name: ej_bo.gif Size: 35 KB
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #7,349
  • Dec 20, 2010 5:12am Dec 20, 2010 5:12am
NZD/USD waiting to BO 0.7425 to Long. Any kind souls to verify?
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpg Size: 224 KB
  • #7,350
  • Dec 20, 2010 5:22am Dec 20, 2010 5:22am
Quoting duffypratt
Foreigner's are required to pay income tax on income that is sourced in the United States....
I'm a UK citizen and have just applied for an account in the US. I filled in a W-8BEN form which is Certificate of Foreign Status of Beneficial Owner for United States Tax Witholding. In other words by filling in this form I don't have to pay US tax.
Dream big, start small. Have it all
  • #7,351
  • Dec 20, 2010 5:30am Dec 20, 2010 5:30am
Quoting Precap2
EUR/JPY. . . Waiting
yes,In now.. 109.6 take profit level...
nice trade !
  • #7,352
  • Dec 20, 2010 6:44am Dec 20, 2010 6:44am
A$:
H4-3T...Confirmed
H1-4C-BO...Confirmed
ZC...Confirmed
RSI's All...Confirmed

Let's see how much strength this pair has left in it.
PA is trying to push through medium term resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: au-12-20-10-h1.gif Size: 13 KB
Listen to the whispers.... You may learn something
  • #7,353
  • Dec 20, 2010 7:20am Dec 20, 2010 7:20am
Quoting Triple Kiss
Find gap Indicator can be setting to show minumum gap u want.
Gap Up You sell
Gap Down You buy.
find gap 25 pips above the bigger the Better..
Watch out the Spread.. Minimum Spread with large Gap is a perfect one..
See You Yosih next week. By the way my English is not good too.. learning Forex n English both now
Thanks, I installed it, but I don`t know how to apply/use this indicator...
Could you discribe its use please ?
There`s no life before COFFEE!
  • #7,354
  • Dec 20, 2010 7:36am Dec 20, 2010 7:36am
I trust that the direction of RSI(3) goes hand in hand with the price using the Line Chart mode,

See the following chart

http://screencast.com/t/omO59kXx

So, what is the role of RSI(3) if we can just toggle to the Line Chart and assess the situation from there?
  • #7,355
  • Dec 20, 2010 7:48am Dec 20, 2010 7:48am
Quoting lawgirl21
According to the pair correlation site that The Sage posted (page 483, #7239), there is an 86% chance that CADJPY and AUDJPY will move in the same direction. Will be interesting to test this out.
Nope, didn't work...went off in different directions.
  • #7,356
  • Dec 20, 2010 7:49am Dec 20, 2010 7:49am
Quoting Walad100100
I trust that the direction of RSI(3) goes hand in hand with the price using the Line Chart mode,

See the following chart

http://screencast.com/t/omO59kXx

So, what is the role of RSI(3) if we can just toggle to the Line Chart and assess the situation from there?
As far as I understand LG's system, RSI is a good tool to asses the general trend before looking for setups.
If you're very confident in your ability to asses the trend without RSI, then that can be your own personal way of trading this system.

This is just my humble opinion, LG and everyone - please feel free to correct me if I got it wrong.
  • #7,357
  • Dec 20, 2010 7:57am Dec 20, 2010 7:57am
Hi Lawgirl
I am digging and digging through the thread and have next question ;-)
Sometimes you set pending order for 1H 4C BO. In such case you can't watch the M15 PA after line break out so you have to set this pending order somewhere in the air. And this is my question. Usually how far from marked consolidation you leave your pending order? What you are observing to leave it in the best possible place (according to your knowledge)?
  • #7,358
  • Dec 20, 2010 8:02am Dec 20, 2010 8:02am
Scrutch picked this one. Notice how following the M15 entry (waiting for a candle close totally outside the resistence line) would have prevent entering on the false BOs. Good for about 50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 4xxx.gif Size: 19 KB
  • #7,359
  • Dec 20, 2010 8:06am Dec 20, 2010 8:06am
Quoting LFB
Hi Lawgirl
I am digging and digging through the thread and have next question ;-)
Sometimes you set pending order for 1H 4C BO. In such case you can't watch the M15 PA after line break out so you have to set this pending order somewhere in the air. And this is my question. Usually how far from marked consolidation you leave your pending order? What you are observing to leave it in the best possible place (according to your knowledge)?
Hi, LFB..it is totally arbitrary. I usually go about 10 pips away from the R/S line that I am looking at. I generally assume that would be enough pips to clear the line. The further away from the line, the more conservative the trade, the more likely to avoid false BOs, but lower pip expectations also.
  • #7,360
  • Dec 20, 2010 8:12am Dec 20, 2010 8:12am
Quoting geula4
As far as I understand LG's system, RSI is a good tool to asses the general trend before looking for setups.
If you're very confident in your ability to asses the trend without RSI, then that can be your own personal way of trading this system.

This is just my humble opinion, LG and everyone - please feel free to correct me if I got it wrong.
If only this RSI indy can be coded to show RSI reading rather than up or down, it would be a little more useful. The reason behind this is that there might be no way of knowing when it is overbought, just up or down, and I think overbought/oversold situations are important to an oscillator user.

PC2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
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