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Trade What You See - Almost Naked Trading

  • #9,801
  • Jan 20, 2011 9:57am Jan 20, 2011 9:57am
Quoting kedridder
congrads! your TP reach, havent u?
Yes, are you in this trade?
  • #9,802
  • Jan 20, 2011 9:58am Jan 20, 2011 9:58am
Quoting redart007
PLease tell me someone caught this earlier....
I did took 20 pips total.. not bad but then that was after the news and didn't want to hold .
  • #9,803
  • Jan 20, 2011 9:59am Jan 20, 2011 9:59am
Quoting lawgirl21
Yes, are you in this trade?

nope, sadly. i'm only on EURUSD. miss out many many good ones though.
i almost chickened out when it retraced to 1.3486. *sweat*
  • #9,804
  • Jan 20, 2011 10:01am Jan 20, 2011 10:01am
Here's the larger picture.
Remember tomorrow.... there's nothing (news)...
and the USD needs to recover (alot) in the geopolitical circles




I'm sorry, ge, I can't tell anything from that chart. But you think PA will continue down to 5400? I fear at least a little retrace after that wonderful H1 candle.
  • #9,805
  • Jan 20, 2011 10:02am Jan 20, 2011 10:02am
Quoting kedridder
nope, sadly. i'm only on EURUSD. miss out many many good ones though.
Don't give it a second thought...there are many and there will be many more.
  • #9,806
  • Jan 20, 2011 10:05am Jan 20, 2011 10:05am
Quoting ConstantFX
I did took 20 pips total.. not bad but then that was after the news and didn't want to hold .
Never feel bad about taking profits!
  • #9,807
  • Jan 20, 2011 10:09am Jan 20, 2011 10:09am
Candle changes have become very significant with this ranging market. I am starting to take any profit that I have at the end of the hour and before the candle change, as it appears now that most of the time there is also a directional change.
  • #9,808
  • Jan 20, 2011 10:22am Jan 20, 2011 10:22am
Quoting lawgirl21
I'm sorry, ge, I can't tell anything from that chart.
But you think PA will continue down to 5400?
I fear at least a little retrace after that wonderful H1 candle.


Sorry.. I'm used to it I guess.
It is showing the GBPUSD support levels in red.
The even numbered levels in yellow... 1.5800/1.5700/1.5600 etc.
I use it for reference only.... It's my long range radar... and relaxes me
during trend resistance.

My style is to buy and hold for days at a time/ position trading when I can..
add positions along the way....
and yessssss.... not the 1.5400...
but the 1.5600 target looks very tempting atm.
"You Never Know.....Until You Find Out."
  • #9,809
  • Jan 20, 2011 10:38am Jan 20, 2011 10:38am
Quoting geula4
IMHO, the tap can be anywhere in the 4H candles of the current week.

Please read the first post and the first few pages of this thread for some good examples of 3 Tap 4H trades.

Please read this post about a tap indicator:
http://www.forexfactory.com/showpost...postcount=6110

Hope this helps.
thanx very much for you help !

And this EA, give an alert when a 3 tap is detected ? this ea show a trendline too ?
i have activated it on 4 pair at this time, nothing on screen, but probably normal i think , i must wait

And last question about the 4 H1 candle BreakOut, probably already answered, sorry, but :
We must use the GMT and periode separatoir of us differents broker ? a GMT +4 broker work well like a GMT 0 broker with period separator ?

its not better a fixe hours on GMT 0 ?

its all, happy trading
  • #9,810
  • Jan 20, 2011 10:56am Jan 20, 2011 10:56am
Quoting Lorka85
thanx very much for you help !

And this EA, give an alert when a 3 tap is detected ? this ea show a trendline too ?
i have activated it on 4 pair at this time, nothing on screen, but probably normal i think , i must wait

And last question about the 4 H1 candle BreakOut, probably already answered, sorry, but :
We must use the GMT and periode separatoir of us differents broker ? a GMT +4 broker work well like a GMT 0 broker with period separator ?

its not better a fixe hours on GMT 0 ?

its all, happy trading
Yes... I'm curious about that 3tap EA as well geula4...
have you used it? has anybody?
good questions Lorka!
"You Never Know.....Until You Find Out."
  • #9,811
  • Jan 20, 2011 11:01am Jan 20, 2011 11:01am
Quoting Lorka85
thanx very much for you help !

And this EA, give an alert when a 3 tap is detected ? this ea show a trendline too ?
i have activated it on 4 pair at this time, nothing on screen, but probably normal i think , i must wait

And last question about the 4 H1 candle BreakOut, probably already answered, sorry, but :
We must use the GMT and periode separatoir of us differents broker ? a GMT +4 broker work well like a GMT 0 broker with period separator ?

its not better a fixe hours on GMT 0 ?

its all, happy trading
I don't use this indicator, but here is a quote of LFB's description:

Quote
"If three tap is found and both Daily and weekly RSIs are in agreement with trend line, except marking alarm notification is sent."

Regarding the period separator, please read the first post of this thread and also this message:
http://www.forexfactory.com/showpost...postcount=5989

Hope this helps.
  • #9,812
  • Jan 20, 2011 11:09am Jan 20, 2011 11:09am
thx goldenequity
i have find some reply about my questions for the EA 3 tape by quick tests.

yes, its seem create a trendline when 2 pic detected (removable if you want) with popup alert, when 3 tap strik ! look very nice, thx again for this 3 tape EA.


my other question about GMT is forever in wait of reply
  • #9,813
  • Jan 20, 2011 11:11am Jan 20, 2011 11:11am
Pips ahoy...it's moves like this that makes a traders week/month.
Still holding 50% position in the UJ, rolled out of everything else when the H1 candles started changing their colors.

The UJ started life out as a H4-3T along with a H1-4C-BO.
The weekly RSI was never on my side...not for the faint of heart.
Entry was via M5 chart when it cleared the bit of resistance the initial breakout produced.

Attached Image (click to enlarge)
Click to Enlarge Name: uj-01-20-11-m30.gif Size: 12 KB


Quoting goldenequity
Yes... I'm curious about that 3tap EA as well geula4...
have you used it? has anybody?
good questions Lorka!
G...I tried it for a while but took it off.
Seemed to work as expected though.
I save my EA space for a trade manager
that's much more important to me.
Listen to the whispers.... You may learn something
  • #9,814
  • Jan 20, 2011 11:19am Jan 20, 2011 11:19am
Quoting Lorka85
...

my other question about GMT is forever in wait of reply
I answered that question too.
Please see the link in my answer above: LG says that each trader can have a different local time as start of the day...
so using GMT 0 won't help us.
  • #9,815
  • Jan 20, 2011 11:20am Jan 20, 2011 11:20am
Geula4 thx so much, again !

but for GMT questions, i dont really well understand the text of lawgirl about that :

Quote
No, it is not a random start of the day. It is your broker's start of the day. My broker's new trading day starts at 5:00 pm EST (New York), which is 2:00 pm my time PST (California).

It is my understanding that all brokers use 5:00 pm for end/start of new day. But when is that according to your local time? It is those first 4 H1 candles that is the measure for this BO trade. (That is why period serarators are a must.)

its the 4 first H1 candle in ANY GMT local broker's new day ? just a psychological mark ?
  • #9,816
  • Jan 20, 2011 11:28am Jan 20, 2011 11:28am
Quoting Lorka85
Geula4 thx so much, again !

but for GMT questions, i dont really well understand the text of lawgirl about that :



its the 4 first H1 candle in ANY GMT local broker's new day ? just a psychological mark ?
IMHO, what LG means is very simple:
ALL brokers start the day at 5:00 pm EST (New York).
But each trader can have a different local time, according to their local time zone.

We use the separator to mark the beginning of the week on each trader's platform.
It's much easier than trying to shift the trader's local time to a GMT time.

Hope it's clearer now...
  • #9,817
  • Jan 20, 2011 11:40am Jan 20, 2011 11:40am
its more clear geula, thx for your nice explains for me and the community
  • #9,818
  • Jan 20, 2011 11:45am Jan 20, 2011 11:45am
Quoting Scrutch
G...I tried it for a while but took it off.
Seemed to work as expected though.
I save my EA space for a trade manager
that's much more important to me.
Ha! I know just what you mean...
I have two EA's running I use all the time.
Had to load MT4 twice and run each side by side...
don't know if I (or my CPU) could handle running a third.

I do have another (separate) computer running w/o any EA's.
The monitor displays the 12 currency pairs (with RSI and LineBox indicators)
that seem (to me) to be the most responsive to LG's CBO trade system....
i.e. leave the 'box'... and don't come back (heh heh).

It barely keeps up with the data feed.
If I threw an EA on top of it.... it would probably die of a heart attack.
Thx for the response Scrutch.
Cheers,
"You Never Know.....Until You Find Out."
  • #9,819
  • Jan 20, 2011 11:58am Jan 20, 2011 11:58am
Hi Guys and Girls what do you think to add new naked tools to our arsenal?
  • #9,820
  • Jan 20, 2011 12:02pm Jan 20, 2011 12:02pm
Quoting geula4
IMHO, what LG means is very simple:
ALL brokers start the day at 5:00 pm EST (New York).
Not so, why would a London broker start their day at 05:00 EST (10:00 GMT), simply not logical. This was discussed on page 405 of this thread.
TTFN Merlyn
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