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Trade What You See - Almost Naked Trading

  • #8,501
  • Jan 4, 2011 10:21pm Jan 4, 2011 10:21pm
Quoting lawgirl21
I'm not liking it..too mixed.
Hi LG, can u share with us, your definition of 'too mixed' please?
  • #8,502
  • Jan 4, 2011 10:23pm Jan 4, 2011 10:23pm
Quoting maccanz
havent we just had a touch on the 4hr eu to the downside?

great forum by the way LG
Yes, a 3 Tap, but no trigger.
  • #8,503
  • Jan 4, 2011 10:24pm Jan 4, 2011 10:24pm
Quoting kedridder
Hi LG, can u share with us, your definition of 'too mixed' please?
Not enough confirmation..PA doing one thing and 1 or 2 important RSIs doing another.
  • #8,504
  • Jan 4, 2011 10:26pm Jan 4, 2011 10:26pm
Quoting lawgirl21
Not enough confirmation..PA doing one thing and 1 or 2 important RSIs doing another.

oh, ok. thanks LG.
  • #8,505
  • Jan 4, 2011 10:31pm Jan 4, 2011 10:31pm
Hi LG

do you have what u r looking for now..3 tap...and price action?

many thanks
  • #8,506
  • Jan 4, 2011 10:32pm Jan 4, 2011 10:32pm
Potential setup on H4 for USDCAD (IBFX chart)
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  • #8,507
  • Jan 4, 2011 10:38pm Jan 4, 2011 10:38pm
Hi lawgirl.
Your doing a great job, you have a lot of followers.
? what about the arrows they keep repainting themselves, how do we follow them. One minute there all red and pointing down and a little later a lot of arrows have changed directions even the daily and H4.
I have been following your thread for a while now and trying to trade your method.
I like it.
  • #8,508
  • Jan 4, 2011 10:41pm Jan 4, 2011 10:41pm
Quoting kauaibobby
Hi lawgirl.
Your doing a great job, you have a lot of followers.
? what about the arrows they keep repainting themselves, how do we follow them. One minute there all red and pointing down and a little later a lot of arrows have changed directions even the daily and H4.
I have been following your thread for a while now and trying to trade your method.
I like it.

LG, please allow me to answer on your behalf and correct me if i'm wrong.

kauaibobby, RSI depicts the price action over various timeframes. they have to point the same direction, in order for you to have a higher probability trade and a better edge.
  • #8,509
  • Jan 4, 2011 10:41pm Jan 4, 2011 10:41pm
Quoting lawgirl21
I don't trade that pair..what's the spread like..and look at the RSIs.
Yup, scrap that LG, the spread is 5-10 pips...hadn't thought so lol. Shall keep looking...
  • #8,510
  • Jan 4, 2011 10:45pm Jan 4, 2011 10:45pm
Quoting kedridder
LG, please allow me to answer on your behalf and correct me if i'm wrong.

kauaibobby, RSI depicts the price action over various timeframes. they have to point the same direction, in order for you to have a higher probability trade and a better edge.
i understand that, i just know how you follow it if one minute the daily is up and the next minute it is sideways and then H4 switches from up to down in a minute.
  • #8,511
  • Jan 4, 2011 10:47pm Jan 4, 2011 10:47pm
Quoting kauaibobby
i understand that, i just know how you follow it if one minute the daily is up and the next minute it is sideways and then H4 switches from up to down in a minute.

if that is so, i'll skip this pair and scan for another better probability one. the pair's future direction is unknown. no point analysing further and i'll move on. time is precious.
  • #8,512
  • Jan 4, 2011 11:03pm Jan 4, 2011 11:03pm
Right now ausjpy and chfjpy have five red arrows at this minute, a few minutes ago i believe the H4 was blue buyand other arrows were different also.
It just seems it all depends on the minute you look at the arrow, i just don't understand why the higher timeframes change so quick.
i know there is more to opening the trade than just five red arrow, i just dont know how to follow them when they are changing all the time.
Happy trading everyone
  • #8,513
  • Jan 4, 2011 11:07pm Jan 4, 2011 11:07pm
Quoting kauaibobby
Right now ausjpy and chfjpy have five red arrows at this minute, a few minutes ago i believe the H4 was blue buyand other arrows were different also.
It just seems it all depends on the minute you look at the arrow, i just don't understand why the higher timeframes change so quick.
i know there is more to opening the trade than just five red arrow, i just dont know how to follow them when they are changing all the time.
Happy trading everyone

i see. it can b confusing. i'm also learning. over to geula4 or LG to shed more light for us.
  • #8,514
  • Jan 4, 2011 11:30pm Jan 4, 2011 11:30pm
Watching this 4 pairs for today...

Let us hunt them together...
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  • #8,515
  • Jan 4, 2011 11:41pm Jan 4, 2011 11:41pm
Quoting kauaibobby
Right now ausjpy and chfjpy have five red arrows at this minute, a few minutes ago i believe the H4 was blue buyand other arrows were different also.
It just seems it all depends on the minute you look at the arrow, i just don't understand why the higher timeframes change so quick.
i know there is more to opening the trade than just five red arrow, i just dont know how to follow them when they are changing all the time.
Happy trading everyone
Most of the time, the RSIs simply show the direction of the active candle. If its up, the RSI is blue. Down, and its red. If its a doji, then the RSI is sideways yellow. That happens well over 90% of the time.

Thus, the RSI arrows can turn on a dime, especially at the beginning of a new candle, or when price is still near the open for the candle.

Having said all that, it's pretty amazing how well it works to have all of them in the same direction, especially considering how little at times they can indicate.
  • #8,516
  • Jan 4, 2011 11:52pm Jan 4, 2011 11:52pm
Quoting duffypratt
Most of the time, the RSIs simply show the direction of the active candle. If its up, the RSI is blue. Down, and its red. If its a doji, then the RSI is sideways yellow. That happens well over 90% of the time.

Thus, the RSI arrows can turn on a dime, especially at the beginning of a new candle, or when price is still near the open for the candle.

Having said all that, it's pretty amazing how well it works to have all of them in the same direction, especially considering how little at times they can indicate.
Duffy that explains some thankyou
i will keep watching them and keep learning
  • #8,517
  • Jan 4, 2011 11:54pm Jan 4, 2011 11:54pm
is this 3 Tap?
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"Trade Until I Come Back" Luke
  • #8,518
  • Jan 5, 2011 12:03am Jan 5, 2011 12:03am
Quoting superpipo
is this 3 Tap?
You're looking to short this pair?The RSIs are mostly pointing up tho...and the trigger has to be red if I'm not wrong.

I realize I'm still unclear what constitutes as a BO trade. Apart from checking RSIs, how can we prevent fakeouts?I see that LG and other traders here don't always trade the BO and look for ZC or channel trades also...I'd like to know when not to use the BO?Thanks everyone...
  • #8,519
  • Jan 5, 2011 12:20am Jan 5, 2011 12:20am
Quoting superpipo
is this 3 Tap?
YE$ SuperPipo, that is 3 Tap Set Up,
not Trigger Yet.. maybe we can Have a Combo Trade if H1 C4 BO to South..

Sell Stop Order will be good ..
  • #8,520
  • Jan 5, 2011 12:31am Jan 5, 2011 12:31am
Quoting natnimrey

I realize I'm still unclear what constitutes as a BO trade. Apart from checking RSIs, how can we prevent fakeouts?I see that LG and other traders here don't always trade the BO and look for ZC or channel trades also...I'd like to know when not to use the BO?Thanks everyone...
hello Natnimrey ,
In my Humble Opinion, to minimalize Fake BO you can choose London, European, New York Session in most of pair..
if you trade AUD pair you can begin to start at Australian and Tokyo Session.. Tq..
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