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Trade What You See - Almost Naked Trading

  • #8,601
  • Jan 5, 2011 8:39am Jan 5, 2011 8:39am
Things have been so busy this morning that I am just now having a chance to look at other charts. This one is setting up nicely.
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  • #8,602
  • Jan 5, 2011 8:40am Jan 5, 2011 8:40am
Quoting LFB
Yes of course my typo
I knew what you meant.
  • #8,603
  • Jan 5, 2011 8:54am Jan 5, 2011 8:54am
Quoting lawgirl21
I knew what you meant.
If next data will be also good i will start dreaming about 1.5400 level but i know i will mean huge move today.
EDIT, not spectacular but good, let see what market will do about it.
  • #8,604
  • Jan 5, 2011 9:03am Jan 5, 2011 9:03am
Here is a losing trade that I am currently in from a BO, (false. as it turns out) I entered where the red arrow i pointing on the H1 chart and at the red arrow on the M15 chart. It happens to all of us.
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  • #8,605
  • Jan 5, 2011 9:06am Jan 5, 2011 9:06am
Out with +80 pips.
  • #8,606
  • Jan 5, 2011 9:17am Jan 5, 2011 9:17am
Quoting lawgirl21
Out with +80 pips.
me too, +USDCHF 39pips
"Trade Until I Come Back" Luke
  • #8,607
  • Jan 5, 2011 9:25am Jan 5, 2011 9:25am
Quoting lawgirl21
Out with +80 pips.
EURUSD continues to drop after u close e trade. such always happen..... anyway, congrads! dats a beautiful PIP within 1-2 hours time of sitting tight.
  • #8,608
  • Jan 5, 2011 9:30am Jan 5, 2011 9:30am
May be finally deciding to break short.
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  • #8,609
  • Jan 5, 2011 9:57am Jan 5, 2011 9:57am
Quoting lawgirl21
I'm in these two pairs short. EURUSD up 70 pips thus far.
Out with 45 pips.
  • #8,610
  • Jan 5, 2011 9:59am Jan 5, 2011 9:59am
Quoting superpipo
me too, +USDCHF 39pips
You are, after all....superpipo! Great job!
  • #8,611
  • Jan 5, 2011 10:40am Jan 5, 2011 10:40am
I lost on the exact same trade LG (I don't feel as bad now ), also got caught out on the false BO on the GBPUSD you mentioned in post #8592

I suppose there is a level of discretion to this but will you cut a trade early if RSI arrows change direction? Or do you cut a trade if you get a large candle printing in the opposite direction to your bias?

Thanks,
P


Quoting lawgirl21
Here is a losing trade that I am currently in from a BO, (false. as it turns out) I entered where the red arrow i pointing on the H1 chart and at the red arrow on the M15 chart. It happens to all of us.
  • #8,612
  • Jan 5, 2011 11:38am Jan 5, 2011 11:38am
GBPNZD Moving in a tight range awaiting BO (down) fingers crossed
  • #8,613
  • Jan 5, 2011 11:52am Jan 5, 2011 11:52am
Quoting Mvp
GBPNZD Moving in a tight range awaiting BO (down) fingers crossed
Are you trying for a BO in 2.025 area?
Good luck!

IMHO, SL above 2.040 and TP at 2.010.
What do you think? Thank you!
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  • #8,614
  • Jan 5, 2011 11:57am Jan 5, 2011 11:57am
Quoting geula4
Are you trying for a BO in 2.025 area?
Good luck!
Yes geula4 looks like first resistance area, its started to move good luck
  • #8,615
  • Jan 5, 2011 12:00pm Jan 5, 2011 12:00pm
Quoting Mvp
Yes geula4 looks like first resistance area, its started to move good luck
i only see weekly rsi pointing up.......
  • #8,616
  • Jan 5, 2011 12:07pm Jan 5, 2011 12:07pm
H1 H4 D1 all pointing down and again its changed im not in, i am awaiting BO i just thought it looked like it was going down i maybe wrong
  • #8,617
  • Jan 5, 2011 12:28pm Jan 5, 2011 12:28pm
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...
I am encouraged by your reply because I love the simplicity of LGs system and its the only reason I was able to make my first trade! I will follow your advice and ask questions later... I like how encouraging you are and I will re-read it because I have to read more than once! simple is the key and that is the attraction I felt to LGs system, I don't want to have to have too many indicators, I need to know what I am doing. As soon as I read Almost Naked Trading I thought this just might be my windfall. (Thanks again LG!)
  • #8,618
  • Jan 5, 2011 12:31pm Jan 5, 2011 12:31pm
Potential ZC short setup on the AU.
All RSI's are in agreement...
Trying to push through reasonably strong support.
Watch lower time frame closely for PA confirmation.
Listen to the whispers.... You may learn something
  • #8,619
  • Jan 5, 2011 12:58pm Jan 5, 2011 12:58pm
Quoting Scrutch
Potential ZC short setup on the AU.
All RSI's are in agreement...
Trying to push through reasonably strong support.
Watch lower time frame closely for PA confirmation.
Hi Scrutch,

Can you please post a chart?
IMHO it will help me, and maybe others, learn the ZC setup.
Thank you!
  • #8,620
  • Jan 5, 2011 1:06pm Jan 5, 2011 1:06pm
Quoting lawgirl21
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....
LG:

I think its worth drawing a distinction between the RSI indicator, and the arrow indicator that's used here. One of the things that first drew me to this thread was the idea that it was a "chart lover's" method. The basic function of the arrow indicator is to relieve people of the chore of looking at the charts on the higher time frame.

Then, what seems to have happened, is that people place some incredible faith in what the arrows are doing. It's very easy to see what the arrows do. All you need to do is look at the higher time frames. You not only can immediately see what the arrow is doing, but often, you can see when the arrow is likely lying.

I don't really have anything against the short-cut. But its not for me. I may use it from now on to help select which pairs to look at. But once I'm focused on a pair, I will make sure to at least look at all the charts for the pair. I'm still learning, and I think there's more to be learned from looking at more charts and maybe taking fewer trades.
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