Trade What You See - Almost Naked Trading | Page 437 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking on a naked chart, can you pick the best strategy? 32 replies

How do you see trading - Do you see it as a means to an end? 12 replies

Can you tell with naked eyes? 151 replies

Bow's trading journal 2 (almost naked trading on m5) 26 replies

Trading as naked as you can get 0 replies

Attachments: Trade What You See - Almost Naked Trading
Exit Attachments

Trade What You See - Almost Naked Trading

  • #8,721
  • Jan 6, 2011 8:17am Jan 6, 2011 8:17am
Quoting biganc
AUD/JPY looks like a breakout to the downside
IMHO there is support at 82.70-80.
Let's see how PA behaves... :nerd:
  • #8,722
  • Jan 6, 2011 8:19am Jan 6, 2011 8:19am
Quoting geula4
IMHO, as a rule of thumb, we look for setups only after we get trend confirmation from the RSIs.
This is SO important and saves so much time. I notice that most of you are looking for 3 Taps, THEN looking at the RSI directions and trying to get them to match. That's chasing the trade and almost never works.

Look for setups only after trend confirmation from the RSIs, as geula says and as it says on page 1.
  • #8,723
  • Jan 6, 2011 8:22am Jan 6, 2011 8:22am
NP - Yes we are on the same hymn sheet sort off. I'm not looking to enter the trade just yet, should have made that clear, but looking at PA and to find a relevant entry probably the breakout from the current range.

I'd be inclined to go long regardless of the daily RSI at that point as we have 3 taps and TL support and Weekly RSI in play - let see.


Quoting NaughtyPip
Change your 4 hr chart to a daily chart, you now have 3 candles on a tap, you have monthly rsi pointing up, you have weekly rsi pointing up, you are now waiting for your daily rsi to point up so you can trigger the trade. Make sense?

Edit:
What im trying to say here is that we are not looking to trade the bounce (because we dont know the bounce will happen), we are looking to trade the confirmation of the bounce, which is why all 3 rsi's need to be in agreement....
  • #8,724
  • Jan 6, 2011 8:28am Jan 6, 2011 8:28am
IMHO there is support at 82.70-80.
Let's see how PA behaves... http://cdn.forexfactory.com/images/smilies/yim/nerd.gif

I set my entry below 82.70
  • #8,725
  • Jan 6, 2011 8:32am Jan 6, 2011 8:32am
Quoting NaughtyPip
Possible zorro trade setup.
It has already had one ZC that I caught about 30 pips from and I believe you are right, could be forming one again.
Attached Image
  • #8,726
  • Jan 6, 2011 8:32am Jan 6, 2011 8:32am
Short break out...possible.
Attached Image (click to enlarge)
Click to Enlarge Name: egbp short.jpg Size: 134 KB
  • #8,727
  • Jan 6, 2011 8:36am Jan 6, 2011 8:36am
Quoting biganc
AUD/JPY looks like a breakout to the downside
This one is on my radar too. Been in consolidation for hours and should be doing something before long.
Attached Image
  • #8,728
  • Jan 6, 2011 8:42am Jan 6, 2011 8:42am
Quoting geula4
Can you please post a chart?
I like discussing and learning the Zorro setup.
Thank you!
ZC forming if PA continues down and ideally goes below the lowest low marked with horizontal yellow line.
Attached Image
  • #8,729
  • Jan 6, 2011 8:43am Jan 6, 2011 8:43am
Quoting lawgirl21
ZC forming if PA continues down and ideally goes below the lowest low marked with horizontal yellow line.
Got it!
Thank you!
  • #8,730
  • Jan 6, 2011 8:43am Jan 6, 2011 8:43am
GBPJPY possible breakout long
  • #8,731
  • Jan 6, 2011 8:46am Jan 6, 2011 8:46am
I have been training on a simulator and I think I am slowly really getting the hang of LG's system(despite it's simplicity, I know) One of my biggest questions, which I think is also the most crucial, is how to identify PA for the H1 BO? This is what I understand so far:

The charts below are TF15, the dotted vertical line being the start of the day, and the horizontal red lines being the first 4 hr S/R.

This chart shows good PA as after BO, price is steadily moving in one direction. The trigger arrives in a strong bullish candle that was preceded by more bull candles. Valid trigger.
Attached Image


This chart shows an entry too early and the supposed trigger, preceded by dojis and is too near the BO zone.Poor PA and invalid trigger.
Attached Image


Please tell me if I've gotten anything wrong here, criticize me if you have to I feel this is a very important aspect of this method and understanding it well will be a big boost to my game. Thanks all
  • #8,732
  • Jan 6, 2011 8:47am Jan 6, 2011 8:47am
Quoting biganc
GBPJPY possible breakout long
IMHO, Maybe we'll wait for BO above 129.30, recent high (resistance)...
  • #8,733
  • Jan 6, 2011 8:48am Jan 6, 2011 8:48am
LG, is AUDUSD on your radar too? Been in consolidation for hours and should be doing something?

of cuz, pending good PA from e 15M chart and RSI confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 85 KB
  • #8,734
  • Jan 6, 2011 8:48am Jan 6, 2011 8:48am
Quoting redart007
Short break out...possible.
This is a ZC trade. I am waiting to see if PA pierces that yellow support line.
Attached Image
  • #8,735
  • Jan 6, 2011 8:55am Jan 6, 2011 8:55am
I set my entry at 129.32
  • #8,736
  • Jan 6, 2011 8:56am Jan 6, 2011 8:56am
Quoting natnimrey
I have been training on a simulator and I think I am slowly really getting the hang of LG's system(despite it's simplicity, I know) One of my biggest questions, which I think is also the most crucial, is how to identify PA for the H1 BO? This is what I understand so far:

The charts below are TF15, the dotted vertical line being the start of the day, and the horizontal red lines being the first 4 hr S/R.

This chart shows good PA as after BO, price is steadily moving in one direction. The trigger arrives in a strong bullish candle that...
IMHO I agree!

Just please note that in the second example, if we had another big green candle after the trigger, I'd say IMHO that is good PA to enter the trade.

Love to hear LG's and everyone's thoughts about this!
  • #8,737
  • Jan 6, 2011 8:56am Jan 6, 2011 8:56am
Quoting natnimrey
I have been training on a simulator and I think I am slowly really getting the hang of LG's system(despite it's simplicity, I know) One of my biggest questions, which I think is also the most crucial, is how to identify PA for the H1 BO? This is what I understand so far:

The charts below are TF15, the dotted vertical line being the start of the day, and the horizontal red lines being the first 4 hr S/R.

This chart shows good PA as after BO, price is steadily moving in one direction. The trigger arrives in a strong bullish candle that...
Excellent explanation. I may have entered a little earlier on your first chart, depending on what the H1 candles looked like on the BO, but that was a good safe entry. After you enter using the M15, or if you are Scrutch the M5 chart, don't monitor the trade on those charts.....it will drive you nuts...move back to the H1 chart to monitor so you don't observe every fluctuation in PA.
  • #8,738
  • Jan 6, 2011 8:59am Jan 6, 2011 8:59am
Quoting biganc
I set my entry at 129.32
IMHO, please observe PA in 15M candles before entering the trade, whenever possible.
There might be a spike up that will trigger the order and then a quick retrace... (sometimes happens)
  • #8,739
  • Jan 6, 2011 8:59am Jan 6, 2011 8:59am
Quoting kedridder
LG, is AUDUSD on your radar too? Been in consolidation for hours and should be doing something?

of cuz, pending good PA from e 15M chart and RSI confirmation.
No is wasn't, but it is now. Thanks for pointing that pair out to us. I love consolidation BOs..like I've said before...money in the bank.
  • #8,740
  • Jan 6, 2011 9:01am Jan 6, 2011 9:01am
Quoting lawgirl21
No is wasn't, but it is now. Thanks for pointing that pair out to us. I love consolidation BOs..like I've said before...money in the bank.
ha! ur v much welcome. sometimes, 1 person's effort is not enough to scan more pairs. once i have shortlist any, i'll try to post up. Sharing is Caring. keke.....

u can also help me check whether my shortlist is valid.
2 traders viewing now