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Trade What You See - Almost Naked Trading

  • #8,461
  • Jan 4, 2011 1:26pm Jan 4, 2011 1:26pm
hi lawgirl,

is this a good ZC trade?
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  • #8,462
  • Jan 4, 2011 1:41pm Jan 4, 2011 1:41pm
Quoting lawgirl21
I don't mean to be rude, but jeez......start at page 1.
And go through all 564 pages !?
  • #8,463
  • Jan 4, 2011 1:47pm Jan 4, 2011 1:47pm
Quoting Pirabuji
hi lawgirl,

is this a good ZC trade?
Hi Pirabuji,

IMHO, after we see a clear BO above the high of the recent candles, around 82.30 area, this can be a good ZC setup.

LG and everyone, i'd love to hear your opinion on this one! Thank you!
  • #8,464
  • Jan 4, 2011 1:49pm Jan 4, 2011 1:49pm
Quoting BackSpace
And go through all 564 pages !?
I was new too and read all the pages. It's better to start one month later trading and start doiing it right than start right away and make all kind of (rookie) mistakes, the system works and is wel explained but does need (some) skills and knowledge.
  • #8,465
  • Jan 4, 2011 1:49pm Jan 4, 2011 1:49pm
Thanks for posting your system, simple enough for me to finally get started trading, and winning! I got my feet wet with almost naked trading last month after over a year reading and studying forex.

I don't completely understand the system but am working on it, but the RSI indicator was a huge help and I actually make small profits. I'm only using a mini account.

But thanks for the breakout (no pun intended
  • #8,466
  • Jan 4, 2011 1:53pm Jan 4, 2011 1:53pm
Quoting BackSpace
And go through all 564 pages !?
The more pages read the more you will understand and make money
Less read more mistake less money

This is not High School


This is LG FX College
  • #8,467
  • Jan 4, 2011 1:56pm Jan 4, 2011 1:56pm
Quoting BackSpace
And go through all 564 pages !?

You dont have to go through 564 pages though all u need to do is stop being lazy and read the first 10 to 20 pages instead of expecting people to hand feed you like a 2 year old.
  • #8,468
  • Jan 4, 2011 1:59pm Jan 4, 2011 1:59pm
Hello Backspace,
This system is about as easy as it gets. Read the first page and examples to get started. Then skim through a lot of the examples and you will get the hang of it very quickly. Some additional methods have been added but I would not mess with them until you get comfortable with the 3TAP and H1 4 Candle BO (breakout) system. Watch your support and resistance areas and be very cautions around news time. (I don't even trade when a news event is imminent).

Many of your questions you will find already answered here and new ones will come all the time so just keep reading and watching. If you have specific questions after all that, then I'm sure you will find help here anytime. Good luck. I am new here also and have found this a very easy and profitable system. SIMPLE! is the key.
  • #8,469
  • Jan 4, 2011 2:18pm Jan 4, 2011 2:18pm
Quoting Pirabuji
hi lawgirl,

is this a good ZC trade?
Please place the pair in the title, pirabuji, too hard to read otherwise.

A ZC trade on H4 chart will take a great deal more patience, but don't know why the setup would not work on that TF. I have never tried it, but yes, there is a ZC setting up, depending on what PA does.
  • #8,470
  • Jan 4, 2011 2:21pm Jan 4, 2011 2:21pm
Quoting airbeat
Hello Backspace,
This system is about as easy as it gets. Read the first page and examples to get started. Then skim through a lot of the examples and you will get the hang of it very quickly. Some additional methods have been added but I would not mess with them until you get comfortable with the 3TAP and H1 4 Candle BO (breakout) system. Watch your support and resistance areas and be very cautions around news time. (I don't even trade when a news event is imminent).

Many of your questions you will find already answered here and new ones will...
Thanks for your advice !
  • #8,471
  • Jan 4, 2011 2:38pm Jan 4, 2011 2:38pm
Quoting lawgirl21
Please place the pair in the title, pirabuji, too hard to read otherwise.

A ZC trade on H4 chart will take a great deal more patience, but don't know why the setup would not work on that TF. I have never tried it, but yes, there is a ZC setting up, depending on what PA does.
Sorry all, I've been away for a while. Whats this ZC trade? Can someone direct me to the page where I can find it.
Happy new year to u all; and happy piping. thnx.
  • #8,472
  • Jan 4, 2011 2:57pm Jan 4, 2011 2:57pm
Quoting dialpips
Sorry all, I've been away for a while. Whats this ZC trade? Can someone direct me to the page where I can find it.
Happy new year to u all; and happy piping. thnx.
A ZC trade is a H1 4C BO trade that pulls back and then continues in its original BO direction. This happens very frequently after a good BO. I call it a Zorro Continuation (ZC) trade because it bears the "Mark of Zorro"!

ZC = BO-->Pullback-->Continuation
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  • #8,473
  • Jan 4, 2011 3:06pm Jan 4, 2011 3:06pm
Check this pair out for a potential pullback after that very nice run up. I expect it to pullback(retrace), in fact, it has already started the pullback. Whether it then returns to the upside remains to be seen.

One can play the retrace. It is the only time I use a fib line to go from the BO to the reversal candle to get an idea of where PA might go.
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  • #8,474
  • Jan 4, 2011 4:37pm Jan 4, 2011 4:37pm
Hi all,

I am seeing potential BO in GBPUSD, USDCHF, GBPCHF. AUDUSD. Seems to be wating for something to make the big move
  • #8,475
  • Jan 4, 2011 4:39pm Jan 4, 2011 4:39pm
Quoting lawgirl21
Check this pair out for a potential pullback after that very nice run up. I expect it to pullback(retrace), in fact, it has already started the pullback. Whether it then returns to the upside remains to be seen.

One can play the retrace. It is the only time I use a fib line to go from the BO to the reversal candle to get an idea of where PA might go.
This is a great idea to use Fib retracement levels to get general ideas where PA might go to. I use the Fibs on a regular basis with any system to help get ideas where PA could stop or retrace. Thank you for all your advice and pointers.
  • #8,476
  • Jan 4, 2011 4:58pm Jan 4, 2011 4:58pm
Quoting lawgirl21
Check this pair out for a potential pullback after that very nice run up. I expect it to pullback(retrace), in fact, it has already started the pullback. Whether it then returns to the upside remains to be seen.

One can play the retrace. It is the only time I use a fib line to go from the BO to the reversal candle to get an idea of where PA might go.
Great. Thanks a lot LG.
  • #8,477
  • Jan 4, 2011 5:11pm Jan 4, 2011 5:11pm
Quoting forxsniper1
This is a great idea to use Fib retracement levels to get general ideas where PA might go to. I use the Fibs on a regular basis with any system to help get ideas where PA could stop or retrace. Thank you for all your advice and pointers.
I generally don't like them because they can be manipulated, but this use seems harmless enough.
  • #8,478
  • Jan 4, 2011 5:18pm Jan 4, 2011 5:18pm
LG - I can see price consolidating, but trading against the RSI?

Quoting lawgirl21
Same as GBPJPY. I am in this trade short.
  • #8,479
  • Jan 4, 2011 5:25pm Jan 4, 2011 5:25pm
Quoting redart007
LG - I can see price consolidating, but trading against the RSI?
Please post your pair, otherwise it takes too much time to look back to see to which pair you are referring...is it GBPUSD?
  • #8,480
  • Jan 4, 2011 5:29pm Jan 4, 2011 5:29pm
Yes, this pair is in consolidation, but direction is mixed, so I would watch it to see what it will finally do.
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