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Trade What You See - Almost Naked Trading

  • #7,861
  • Dec 29, 2010 6:05am Dec 29, 2010 6:05am
Quoting geula4
Hi Hawaiifive9,

IMHO just follow these steps - one by one:

1) Download the indicator Lawgirl's Trend Display v1.02.mq4 to your computer.
2) Find the location of Meta Trader 4 on your computer. For example: c:/program files/Meta Trader 4
3) In that location there should be a folder called "experts". Open it.
4) In that folder there should be another folder called "indicators". Open it.
5) Copy the indicator into the "indicators" folder.
6) Open the Meta Trader 4 program. If it is already open, close it first and then reopen.
7) Open...
Thanks for your valued input.
On the above instructions, you make no mention of need to compile?
  • #7,862
  • Dec 29, 2010 6:08am Dec 29, 2010 6:08am
Quoting bimmerbob
Thanks for your valued input.
On the above instructions, you make no mention of need to compile?
No need to compile manually. Opening the Meta Trader will do this for you automatically. However, please note that if Meta Trader is already open when you move the indicator to the indicators folder, you will need to close Meta Trader and then open it again.
  • #7,863
  • Dec 29, 2010 6:48am Dec 29, 2010 6:48am
Quoting cwl0375
AUDUSD has almost reach all time high at 1.0165. The RSI still show up on D,W,M. is it a big risky to buy AUDUSD ?? when it almost reach all time high.

Thank you
IMHO, if you consider the all time high as a resistance point that price didn't manage to break through, then perhaps it is better not to take this trade because it is possible that this resistance will hold.
Even if you'll be able to make a few pips, it may not be a good risk:reward ratio.

This is just my humble opinion. I would love to hear what other people think.

In any case, please trade on your own risk and trade safe!
  • #7,864
  • Dec 29, 2010 6:53am Dec 29, 2010 6:53am
Quoting cwl0375
Hi,

Sorry for having too many question. The USDCHF pair has break resistance for the first 4 1hr candle and break support on the same day as well.

Is this still consider a good BO ?? thank you
IMHO please also check PA on 15M candles.
From what I can see on your chart, PA doesn't seems to be clear in its direction down.
The three candles before the last one reached the area above the upper line.

Just my opinion. Love to hear other people's thoughts about this!
  • #7,865
  • Dec 29, 2010 7:31am Dec 29, 2010 7:31am
Quoting lawgirl21
H1 4C BO setting up
Still setting up...
Attached Image
  • #7,866
  • Dec 29, 2010 7:33am Dec 29, 2010 7:33am
Quoting lawgirl21
Another one.
Did BO for about 30 pips. Is stalling now, but may continue up.
Attached Image
  • #7,867
  • Dec 29, 2010 7:36am Dec 29, 2010 7:36am
Quoting lawgirl21
Still another one.
Is really due for a nice BO..the spring is getting tighter and tighter with each candle.
Attached Image
  • #7,868
  • Dec 29, 2010 7:41am Dec 29, 2010 7:41am
Quoting lawgirl21
A ZC setting up
I set a pending order on this pair, which triggered, but has since stalled out. Hopefully, it will continue down after this little rest.
Attached Image
  • #7,869
  • Dec 29, 2010 7:44am Dec 29, 2010 7:44am
Quoting lawgirl21
Also a ZC setting up
Went nowhere during London session...
Attached Image
  • #7,870
  • Dec 29, 2010 7:52am Dec 29, 2010 7:52am
Quoting lawgirl21
I set a pending order on this pair, which triggered, but has since stalled out. Hopefully, it will continue down after this little rest.
A question if I may: the green dotted line is your pending order entry point and the two red dotted lines are your SL and TP? Just want to clarify things...
  • #7,871
  • Dec 29, 2010 7:54am Dec 29, 2010 7:54am
Quoting lawgirl21
Went nowhere during London session...
LG,

In your opinion is it better to continue with this trade or exit at BE?
The 1H and 4H RSIs are not pointing in the same direction as the rest...

Please advise. Thank you very much for a great learning experience!!
  • #7,872
  • Dec 29, 2010 7:55am Dec 29, 2010 7:55am
Quoting geula4
A question if I may: the green dotted line is your pending order entry point and the two red dotted lines are your SL and TP? Just want to clarify things...
Yes, exactly although now that I am awake, I may change either or both of them, PA is struggling on all pairs now. And thanks again for carrying on for me while I was sleeping.
  • #7,873
  • Dec 29, 2010 7:56am Dec 29, 2010 7:56am
Quoting lawgirl21
Yes, exactly although now that I am awake, I may change either or both of them, PA is struggling on all pairs now. And thanks again for carrying on for me while I was sleeping.
Got it, thank you!
  • #7,874
  • Dec 29, 2010 8:00am Dec 29, 2010 8:00am
Quoting geula4
LG,

In your opinion is it better to continue with this trade or exit at BE?
The 1H and 4H RSIs are not pointing in the same direction as the rest...

Please advise. Thank you very much for a great learning experience!!
It's always ok to exit with a BE. BUT, I am still following this pair on a 3 Tap weekly chart long..the 3 longest TFs are all long..all indications to me are that there is going to be a pop out long sooner or later. PA has been stalled for over 12 hours now...that's like a spring getting tighter and tighter..it will eventually have to pop.
  • #7,875
  • Dec 29, 2010 8:02am Dec 29, 2010 8:02am
Quoting lawgirl21
It's always ok to exit with a BE. BUT, I am still following this pair on a 3 Tap weekly chart long..the 3 longest TFs are all long..all indications to me are that there is going to be a pop out long sooner or later. PA has been stalled for over 12 hours now...that's like a spring getting tighter and tighter..it will eventually have to pop.
Thank you for this answer!
We are all here learning a lot from you!!
  • #7,876
  • Dec 29, 2010 8:06am Dec 29, 2010 8:06am
Quoting geula4
Thank you for this answer!
We are all here learning a lot from you!!
Thanks. I learn alot from you guys too.
  • #7,877
  • Dec 29, 2010 8:18am Dec 29, 2010 8:18am
IMHO, USDJPY is trying to break down 82.00 support.
Let's hope it succeeds

Then, perhaps free fall to around 81.80 area
  • #7,878
  • Dec 29, 2010 8:20am Dec 29, 2010 8:20am
Quoting geula4

This is just my humble opinion. I would love to hear what other people think.

In any case, please trade on your own risk and trade safe!

My first post, so take it with a grain of salt. I watched it drop last night from 1.0150 to 1.0090. I was thinking, 'double top,' and sold at 1.0092. I only lost 26 pips (demo account) while it came back up, and I was in bed asleep. Is it heading for a new high? When will it come down?
  • #7,879
  • Dec 29, 2010 8:31am Dec 29, 2010 8:31am
Quoting lawgirl21
I set a pending order on this pair, which triggered, but has since stalled out. Hopefully, it will continue down after this little rest.
Hi Lawgirl,

I have some question: How do you set up the pending order?? you judge based on the last 3 or 4 candles and set about 15-20pips away??
  • #7,880
  • Dec 29, 2010 8:33am Dec 29, 2010 8:33am
Very nice movement down
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