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Trade What You See - Almost Naked Trading

  • #9,961
  • Jan 24, 2011 6:36am Jan 24, 2011 6:36am
Quoting TapaT
LawGirl
Have been reading your thread for a couple of weeks and just getting up to date.
Awesome job with this thread, and the attitude is spot on....
IMHO, if the AUDJPY 1H, 4H and daily RSIs point down and we see a clear BO below the 81.52 support level,
plus good PA in 15M candles, we sell.
The Weekly RSI is not relevant now, because it's the beginning of the week.

Hope this helps.
By the way, actually the BO was to the upside...
  • #9,962
  • Jan 24, 2011 7:37am Jan 24, 2011 7:37am
Quoting lawgirl21
Just entered this trade.
Already 82.90
IMHO, let's see if it can overcome resistance in 83.00-10 area and
perhaps reach 83.45
  • #9,963
  • Jan 24, 2011 7:44am Jan 24, 2011 7:44am
IMHO, red lines are possible TPs.
Let's wait and see...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 42 KB
  • #9,964
  • Jan 24, 2011 7:56am Jan 24, 2011 7:56am
Quoting genbali
thanks lawgirl for sharing ur system with us .i do have confusion as to the drawing of the tops and bottoms and the period sepweratorson te 3tap setup.when i tried implimenting this,my chart looks like what i ve attached.pls correct me on where i am wrong and more explanation of how to fix them.thanks once again.
Hello genbali,

You have drawn your trend line on the RSI, it should be drawn on the main price chart. Do as Ph22 says and then draw your trend lines from the tops/bottoms of the price bars.
TTFN Merlyn
  • #9,965
  • Jan 24, 2011 7:59am Jan 24, 2011 7:59am
Morning all...this trade is struggling, but still in the pips.
  • #9,966
  • Jan 24, 2011 8:00am Jan 24, 2011 8:00am
Quoting geula4
IMHO, if the AUDJPY 1H, 4H and daily RSIs point down and we see a clear BO below the 81.52 support level,
plus good PA in 15M candles, we sell.
The Weekly RSI is not relevant now, because it's the beginning of the week.

Hope this helps.
By the way, actually the BO was to the upside...
Thanks Geula4
Was needing a little fog lifting. I now realize the 1H 4C BO is not just a beginning of the day set-up.
  • #9,967
  • Jan 24, 2011 8:02am Jan 24, 2011 8:02am
A beauty..hope someone caught this one. About 40 pips now
Attached Image
  • #9,968
  • Jan 24, 2011 8:04am Jan 24, 2011 8:04am
Breaking now.
Attached Image
  • #9,969
  • Jan 24, 2011 8:08am Jan 24, 2011 8:08am
Quoting lawgirl21
Really moving down. At the top of my watch list now.
Still moving down but slowly. Support at 5880
Attached Image
  • #9,970
  • Jan 24, 2011 8:12am Jan 24, 2011 8:12am
Quoting lawgirl21
My favorite pair.
Disappointing
Attached Image
  • #9,971
  • Jan 24, 2011 8:15am Jan 24, 2011 8:15am
Quoting lawgirl21
Disappointing
have some analysis on my blog regarding eurgbp

http://www.aelliot.org/?p=326

hope it helps.

PhanTi
Hero calls followed by margin calls...
  • #9,972
  • Jan 24, 2011 8:16am Jan 24, 2011 8:16am
Quoting PhAnTi'
have some analysis on my blog regarding eurgbp

http://www.aelliot.org/?p=326

hope it helps.

PhanTi
keylevel around 8515-8520. h47daily close above will bring os to the sky probably.

lets see
Hero calls followed by margin calls...
  • #9,973
  • Jan 24, 2011 8:19am Jan 24, 2011 8:19am
This would have required some real attention, but there were 3 channel trades, then a nice break for a total of around 80 pips.
Attached Image
  • #9,974
  • Jan 24, 2011 8:23am Jan 24, 2011 8:23am
Quoting lawgirl21
Morning all...this trade is struggling, but still in the pips.
Out with 10 pips.
  • #9,975
  • Jan 24, 2011 8:30am Jan 24, 2011 8:30am
Quoting lawgirl21
Out with 10 pips.
IMHO, wise decision.
We can always re-enter later if PA breaks above 82.90 resistance.
  • #9,976
  • Jan 24, 2011 8:33am Jan 24, 2011 8:33am
chart
Attached Image
  • #9,977
  • Jan 24, 2011 8:34am Jan 24, 2011 8:34am
Quoting geula4
Already 82.90
IMHO, let's see if it can overcome resistance in 83.00-10 area and
perhaps reach 83.45
Boy, was I wrong here...
  • #9,978
  • Jan 24, 2011 8:34am Jan 24, 2011 8:34am
Now retracing
Attached Image
  • #9,979
  • Jan 24, 2011 8:36am Jan 24, 2011 8:36am
Both CBO and H1 4C BO
Attached Image
  • #9,980
  • Jan 24, 2011 8:37am Jan 24, 2011 8:37am
chart
Attached Image
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