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Trade What You See - Almost Naked Trading

  • #8,841
  • Jan 6, 2011 4:34pm Jan 6, 2011 4:34pm
Quoting Pirabuji
is it also a 4H 3tap trade?
No, no..this pair is in consolidation. It is in consolidation on the H4 chart too.
  • #8,842
  • Jan 6, 2011 4:40pm Jan 6, 2011 4:40pm
seems to have just broken out

|'m going to enter on close of a 15min candle below 82.64

how about you?

Quoting lawgirl21
Here is a pair that has been trading in a 25 pip range for the last roughly 24 hours....
  • #8,843
  • Jan 6, 2011 4:42pm Jan 6, 2011 4:42pm
i can't see it consolidating on the 4H, please can you post a chart showing what you mean?

Quoting lawgirl21
No, no..this pair is in consolidation. It is in consolidation on the H4 chart too.
  • #8,844
  • Jan 6, 2011 4:46pm Jan 6, 2011 4:46pm
Hi LG,
Hope you had a Very Nice Holiday. Been around but haven't had a lot to contribute. LIke you were asking earlier I made my week on Mostly the EU
today, and all week actually.

Take Care
Always Learning
  • #8,845
  • Jan 6, 2011 4:47pm Jan 6, 2011 4:47pm
Quoting Pirabuji
i can't see it consolidating on the 4H, please can you post a chart showing what you mean?
If I may:
http://img98.imageshack.us/img98/170...audjpym30a.png
  • #8,846
  • Jan 6, 2011 4:52pm Jan 6, 2011 4:52pm
Quoting Pirabuji
i can't see it consolidating on the 4H, please can you post a chart showing what you mean?
Or with some paint-job:
http://img203.imageshack.us/img203/2...udjpym30a1.png
  • #8,847
  • Jan 6, 2011 4:58pm Jan 6, 2011 4:58pm
Quoting JayTrader
Hi LG,
Hope you had a Very Nice Holiday. Been around but haven't had a lot to contribute. LIke you were asking earlier I made my week on Mostly the EU
today, and all week actually.

Take Care
Good to see you back, Jay. And good job with the EU.
  • #8,848
  • Jan 6, 2011 5:07pm Jan 6, 2011 5:07pm
E/u tapped the 1.2984 level. May be headed north. Keep an eye on it.
  • #8,849
  • Jan 6, 2011 5:13pm Jan 6, 2011 5:13pm
Quoting Fitness09
E/u tapped the 1.2984 level. May be headed north. Keep an eye on it.
http://img191.imageshack.us/img191/8...06euslhunt.png
  • #8,850
  • Jan 6, 2011 5:26pm Jan 6, 2011 5:26pm
Long CAD @ 0.9973 {demo for now, but hopefully its correct}.
  • #8,851
  • Jan 6, 2011 5:48pm Jan 6, 2011 5:48pm
Quoting lawgirl21
Here is a pair that has been trading in a 25 pip range for the last roughly 24 hours....
The same goes to UJ. But I LONG this pair after 3 taps of H4. Hopefully I can make some ride today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart.gif Size: 40 KB
Click to Enlarge Name: chart2.gif Size: 38 KB
  • #8,852
  • Jan 6, 2011 6:44pm Jan 6, 2011 6:44pm
It will be interesting to see what EURUSD does with the 2968 resistance level. It has touched that level already today... same low back on November 30th and Dec 1st (well 2969 but close enough) which started close to a 500 pip move up. Will this start another move up or will NFP news be enough to finally break down through opening up some more downside room.
Today's zone = Tomorrow's opportunity!
  • #8,853
  • Jan 6, 2011 6:50pm Jan 6, 2011 6:50pm
Quoting Sdvsa
Or with some paint-job:
http://img203.imageshack.us/img203/2...udjpym30a1.png
At the risk of confusing folks, this is NOT consolidation in my book! LH/LL does not constitute consolidation. It can be described as a channel/flag more like.
  • #8,854
  • Jan 6, 2011 7:32pm Jan 6, 2011 7:32pm
Hi everyone!!

I spent the last hours reading almost all of this very simple but very reliable trading method. An amazing work done by all the intervenients, with a very special word to lawgirl21, took off almost all my doubts. Thank you all.

Now for the real thing, I´m watching the EURAUD pair and its looks like perfect for the the H1 4 Candle Breakout Trade.

It´s my first post, so please argue and discuss i am were to learn.

Good trades!!
  • #8,855
  • Jan 6, 2011 7:46pm Jan 6, 2011 7:46pm
Hi Lawgirl21,

Does this pair present a H4 3TAP trigger ? If yes, one can enter a LONG position after this H4 candle completed right?

Attached Image (click to enlarge)
Click to Enlarge Name: euraud_7jan11.gif Size: 57 KB
  • #8,856
  • Jan 6, 2011 8:31pm Jan 6, 2011 8:31pm
Quoting coffeebean27
Hi Lawgirl21,

Does this pair present a H4 3TAP trigger ? If yes, one can enter a LONG position after this H4 candle completed right?

Attachment
It is not an H4 3TAP trade, because the chart you are showing is an H1 chart.

It's possible to take the same sort of trade off the H1 chart. And, if that's what you intended, then this trade would be a legitimate three tap set-up. The entry would not necessarily be at the end of the bar. Rather, you would enter when the price action confirmed the trade. As a practical matter, that means either when the current candle turns green and starts showing some bullish motion, or (what amounts to about the same thing) when the H1 RSI starts pointing strongly up, to 2 or 1 o'clock.
  • #8,857
  • Jan 6, 2011 8:54pm Jan 6, 2011 8:54pm
Good evening one and all.This morning I discovered this thread and so far I at page 70.
Question 1:What period do you use for RSI?
Question 2o you use Daily,4 hr, and 1 hr Time Frames to support break outs?
Question 3o you think EURGBP and EURJPY pairs on the 1HR TIMEFRAME are consolidating?
Thanks for your time.
With God all things are possible.
  • #8,858
  • Jan 6, 2011 8:56pm Jan 6, 2011 8:56pm
Quoting FrancRap
Hi everyone!!

I spent the last hours reading almost all of this very simple but very reliable trading method. An amazing work done by all the intervenients, with a very special word to lawgirl21, took off almost all my doubts. Thank you all.

Now for the real thing, I´m watching the EURAUD pair and its looks like perfect for the the H1 4 Candle Breakout Trade.

It´s my first post, so please argue and discuss i am were to learn.

Good trades!!...

FrancRap, the fourth candle has not fully formed. thus, it does not qualify here.
also, you mean BO UP or BO DOWN?
also, u have to observe the PA, v impt and RSI is not pointing to e same direction.

i hope e above helps.
  • #8,859
  • Jan 6, 2011 9:11pm Jan 6, 2011 9:11pm
Hi

From what I understand, 4 one hour candles are enough for the set up.
As you can see, the all H4, D1 and W1 are pointing up, so the BO should be up.
In case of a BO, should we wait for a pullback to the resistance now support or just enter as soon as i can?
The graph is at 1H

Sorry for this noob doubts, but i really want to figure it out.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud forum.PNG Size: 47 KB
  • #8,860
  • Jan 6, 2011 9:15pm Jan 6, 2011 9:15pm
Quoting FrancRap
Hi everyone!!

I spent the last hours reading almost all of this very simple but very reliable trading method. An amazing work done by all the intervenients, with a very special word to lawgirl21, took off almost all my doubts. Thank you all.

Now for the real thing, I´m watching the EURAUD pair and its looks like perfect for the the H1 4 Candle Breakout Trade.

It´s my first post, so please argue and discuss i am were to learn.

Good trades!!...
You must post your chart here so that it will be a lot easier for LG & other members to help you out. Otherwise, "we cannot see what you see".

welcome to FF as well...
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