Pretty much the same here. In consolidation for about 9 hours.
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EU had an interesting London session run. I made about 40 pips from it. Now it is at a very significant level 1.3550 which I have been looking at for weeks on the weekly chart.
This level is the 50% level on the fibs from the November 2009 high to the May 2010 low on the weekly chart. I don't use fibs very often except for long term reference, but EU has been working its way to this level over the past weeks.
If it pierces this level, which it is trying to do, it could be heading to the 61% fib level of 3900.
I have been quietly following this thread as it is one of the best thread out there.
Is it me or for the past few weeks this thread has become more about 1h 4C breakouts. All the entries seem to be about breakouts.
I'm not complaining or anything just would like to clarify that everyone is more comfortable with breakouts and trade it that way.
I like the simplicity of this method.
1. Have a Bias based on RSI (i.e. is this week trend long or short?)
2. Trade the breakout in the bias direction...
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It is simple. I hope others will answer, but I will go first. You are right about the last few weeks being mostly BOs. That's because the market has been ranging since before Christmas. The 3 Taps work best in a trending market..but because we "trade what we see" it has mostly been consolidation break outs (CBO) or regular H1 4C BOs. Welcome!
here you go dehyah. but please read the thread and you would have found the indicator easily. easiest way get the indicator is click on the top right with attachment icon. It will lauch popup window. click on hide images and it would have shown you all the indicators.
this week , my profit is 120 pips, all made in last 3 days , tnx to Bo ...i am starting to think that , that is only profitable strategy on the long run.
btw i has anyone tried steves Bo ea? i cant stay all night thru the asian sessions..and there are some nice pips there.
this week , my profit is 120 pips, all made in last 3 days , tnx to Bo ...i am starting to think that , that is only profitable strategy on the long run.
btw i has anyone tried steves Bo ea? i cant stay all night thru the asian sessions..and there are some nice pips there.
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Good week's work Lazar! I think you are right about BOs-- at least for the past few weeks. The 3 Taps need a trending market, which we haven't had. But that's why we have different strategies for different circumstances.
unfortunately this week was thin week for 3 tap but ...as you said we have the other ace in the sleeve !
i cannot express my gratitude to you , for helping me and the other guys in trading . your thread was a real discovery , and i am with it almost since your first post .It opened my eyes for trading, so simple yet so effective. I hope that you are getting deserved reword for your efforts.
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Joined Jan 2011
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Status: Percentage in points getter
|439 Posts
A heartfelt thank you to Lawyer Girl and her thread.It has been two weeks since I have discovered this trading strategy and so far I am learning the ropes of trading.I have made some erratic trades.Therefore, I need to exhibit some level of discipline and patience in order to become a successful trader.
So nuff respect pon yuh thread and the time you take to post your chart.
Greetings Lawyer Girl,
I'm new to the forum altogether. I've been live trading for 2 1/5 yrs. I've looked at different threads off and on. Never was too impressed with them until I discovered yours a few weeks ago. I think it was the first time I tried 3 taps and it worked very will on two trades. I signed up as a jr member hoping to learn more with this group. I have spent thousands of dollars on training with Insider Code and Triad Trading. I still have my original deposit at Inter bank but its at a lower amount. I'm working at building it back up to its beginning amount. It will take me some time. I appreciate the way you all stay on topic analyzing the markets and working with the side ways markets. I hope to be able to contribute later as I learn more. I will try to share info as I become more profitable. I still need to learn how to attach a chart, but I think I can figure that one out. Keep up the good thread work.
Greetings Lawyer Girl,
I'm new to the forum altogether. I've been live trading for 2 1/5 yrs. I've looked at different threads off and on. Never was too impressed with them until I discovered yours a few weeks ago. I think it was the first time I tried 3 taps and it worked very will on two trades. I signed up as a jr member hoping to learn more with this group. I have spent thousands of dollars on training with Insider Code and Triad Trading. I still have my original deposit at Inter bank but its at a lower amount. I'm working at building it back...
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Thank you for your kind words, Dan. I think losing thousands of dollars trying to find the holy grail is part of the initiation for becoming a successful trader. It was for me too. Glad to have you join us.
A heartfelt thank you to Lawyer Girl and her thread.It has been two weeks since I have discovered this trading strategy and so far I am learning the ropes of trading.I have made some erratic trades.Therefore, I need to exhibit some level of discipline and patience in order to become a successful trader.
So nuff respect pon yuh thread and the time you take to post your chart.
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Thanks Dehyah..it takes time to develop a trading pattern for ourselves, but erratic trades will always happen from time to time. I still make plenty.
Trade What You See - Almost Naked Trading
