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Trade What You See - Almost Naked Trading

  • #8,521
  • Jan 5, 2011 12:37am Jan 5, 2011 12:37am
Quoting Triple Kiss
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..
Hmm I hadn't thought of that...thanks
  • #8,522
  • Jan 5, 2011 12:40am Jan 5, 2011 12:40am
Quoting kauaibobby
Duffy that explains some thankyou
i will keep watching them and keep learning
I do not believe there is repainting going on with the indicators, merely a reflection of what is happening with price and momentum at this time. The monthly is unsettled now-- being the 2nd trading day of a new month..the weekly should be getting set by midweek and even more reliable by Thursday. We have never paid too much attention to the H1 RSI.

The secondary use of the RSI is to indicate trend (the first being overbought/sold which we pay no attention to). The RSI measures turns in price by measuring turns in momentum. My theory of watching the face of a clock for understanding the turns comes from studying a man named Andrew Cardwell who determined that an RSI level of 50-80 indicated a long turn/trend and an RSI between 50-20 indicated a short turn/trend.

Don't know if his helps, but hope so. I find them remarkably reliable, coupled with pure PA and S/R areas, but they are not perfect. And I guess from time to time they will be just as erratic as PA itself.
  • #8,523
  • Jan 5, 2011 1:01am Jan 5, 2011 1:01am
BO setting up?
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  • #8,524
  • Jan 5, 2011 1:03am Jan 5, 2011 1:03am
Quoting lawgirl21
BO setting up?
I just was preparing to send the chart -you were faster

Cheers
Andreas
  • #8,525
  • Jan 5, 2011 1:04am Jan 5, 2011 1:04am
Quoting AndreasF
I just was preparing to send the chart -you were faster

Cheers
Andreas
Like minds!
  • #8,526
  • Jan 5, 2011 1:05am Jan 5, 2011 1:05am
GBPUSD H1 C4 BO
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  • #8,527
  • Jan 5, 2011 1:17am Jan 5, 2011 1:17am
I see that the RSIs for USD/CAD are all pointing up strongly... possible candidate for breakout?

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  • #8,528
  • Jan 5, 2011 1:32am Jan 5, 2011 1:32am
Quoting lawgirl21
BO setting up?
I am in this one short, but now i turned up. I am fighting with my self if close it at minus or wait. I think i should wait but what do you think?
  • #8,529
  • Jan 5, 2011 1:38am Jan 5, 2011 1:38am
Quoting LFB
I am in this one short, but now i turned up. I am fighting with my self if close it at minus or wait. I think i should wait but what do you think?
Nobody can predict price movements 100%.
Suggest to set your SL and TP and wait how the market sees your order fits best
  • #8,530
  • Jan 5, 2011 1:38am Jan 5, 2011 1:38am
Quoting LFB
I am in this one short, but now i turned up. I am fighting with my self if close it at minus or wait. I think i should wait but what do you think?

This short position is still valid just patience it turned on me also -30 pips but am holding still ...
  • #8,531
  • Jan 5, 2011 1:45am Jan 5, 2011 1:45am
Quoting TheYoungHUNK
This short position is still valid just patience it turned on me also -30 pips but am holding still ...
Where do you have your SL? Mine is at 1.5607
It is testing my nerves hard, i have hope Zorro will come and safe me
  • #8,532
  • Jan 5, 2011 1:53am Jan 5, 2011 1:53am
Quoting LFB
Where do you have your SL? Mine is at 1.5607
It is testing my nerves hard, i have hope Zorro will come and safe me
SL HIT
  • #8,533
  • Jan 5, 2011 1:55am Jan 5, 2011 1:55am
Quoting superpipo
is this 3 Tap?

.....it may be worth learning to recognise bull/bear flags' shapes. This will stop you in your tracks considering it as a 3T short trade when RSIs are pointing to the sky...
  • #8,534
  • Jan 5, 2011 1:59am Jan 5, 2011 1:59am
It was really bad entry, my self confidence is in mess now.
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  • #8,535
  • Jan 5, 2011 2:01am Jan 5, 2011 2:01am
Quoting LFB
It was really bad entry, my self confidence is in mess now.
Sorry wrong picture, here is correct.
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  • #8,536
  • Jan 5, 2011 2:02am Jan 5, 2011 2:02am
Whew! Finally!
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  • #8,537
  • Jan 5, 2011 2:11am Jan 5, 2011 2:11am
Quoting lawgirl21
BO setting up?
Hi LG, are you make profit or loss in this pair?
"Trade Until I Come Back" Luke
  • #8,538
  • Jan 5, 2011 2:11am Jan 5, 2011 2:11am
Completely missed the EUR/GBP tradeHeard "some US invesment bank" is buying the pound? LFB, that wasn't really a bad entry was it?There's quite a bit of bad luck in there
  • #8,539
  • Jan 5, 2011 2:15am Jan 5, 2011 2:15am
Quoting superpipo
Hi LG, are you make profit or loss in this pair?
I'm thinking she might not have entered. What I'm hoping for is if LG or anyone out there can shed some light on trading the retrace for the big move at EUR/GBP, if it's possible
  • #8,540
  • Jan 5, 2011 2:25am Jan 5, 2011 2:25am
Quoting LFB
Where do you have your SL? Mine is at 1.5607
It is testing my nerves hard, i have hope Zorro will come and safe me

@ SL 1.5665 and TP @ 1.5470 ... price now touched 4hr downtrend and also Ichimoku Kijun-Sen is equilibrium still strong to break on daily TF .. Good luck
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