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Trade What You See - Almost Naked Trading

  • #11,021
  • Feb 10, 2011 9:42pm Feb 10, 2011 9:42pm
Chart
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  • #11,022
  • Feb 10, 2011 9:45pm Feb 10, 2011 9:45pm
Chart
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Click to Enlarge Name: sun.gif Size: 12 KB
  • #11,023
  • Feb 10, 2011 9:48pm Feb 10, 2011 9:48pm
Quoting Hawaiifive9
Alright - no laugh....but how can I relocate the RSI "arrows" so they appear on the bottom right of my screen --- like I said - no laugh
Aloha Plenty
Go to "Inputs" tab on indy..scroll down to "IndicatorInRSIWindow" and click on "true"
  • #11,024
  • Feb 10, 2011 9:49pm Feb 10, 2011 9:49pm
Chart
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  • #11,025
  • Feb 10, 2011 9:51pm Feb 10, 2011 9:51pm
This pair goes back more than 4 hours in the same trading range
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  • #11,026
  • Feb 10, 2011 9:51pm Feb 10, 2011 9:51pm
Quoting lawgirl21
Chart
Hi , thank for posting the chart. wat make you sell before it break the support level. ??
thank you
  • #11,027
  • Feb 10, 2011 9:55pm Feb 10, 2011 9:55pm
Quoting lawgirl21
Go to "Inputs" tab on indy..scroll down to "IndicatorInRSIWindow" and click on "true"

Whoa...that is too cool & way too easy. Mahalo plenty LG for the newbie help
  • #11,028
  • Feb 10, 2011 9:56pm Feb 10, 2011 9:56pm
Quoting cwl0375
Hi , thank for posting the chart. wat make you sell before it break the support level. ??
thank you
I jumped the gun..should have waited. I probably was paying more attention to the RSI directions and felt overconfident about the direction. It may turn out alright for me, but I almost always follow the rules.
  • #11,029
  • Feb 10, 2011 9:57pm Feb 10, 2011 9:57pm
Quoting Hawaiifive9
Whoa...that is too cool & way too easy. Mahalo plenty LG for the newbie help
You are very welcome...
  • #11,030
  • Feb 10, 2011 10:16pm Feb 10, 2011 10:16pm
Aloha

LG - you posted ...."I jumped the gun..should have waited. I probably was paying more attention to the RSI directions and felt overconfident about the direction. It may turn out alright for me, but I almost always follow the rules"

Is there an advantage to using the RSI window? I am currently using the arrows & it seems as though w/ 1 quick look I can see all the time frames, vs going to each one. I am thinking the arrows are computed with the same data as the window indicator. Pros / Cons ??? Ciao Mein...
  • #11,031
  • Feb 10, 2011 11:09pm Feb 10, 2011 11:09pm
Lawgirl, would you be considering a 3-tap sell trade on GBPUSD at this point or would you be looking for a higher reversal?

Thanks for all your wise words
Attached Image
  • #11,032
  • Feb 10, 2011 11:19pm Feb 10, 2011 11:19pm
Quoting MarkyBoy
Lawgirl, would you be considering a 3-tap sell trade on GBPUSD at this point or would you be looking for a higher reversal?

Thanks for all your wise words
Hi MarkyBoy

I'm in this trade and entered at the marked candle.

Cheers
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  • #11,033
  • Feb 10, 2011 11:40pm Feb 10, 2011 11:40pm
Quoting AndreasF
Hi MarkyBoy

I'm in this trade and entered at the marked candle.

Cheers
Thanks Andreas, that makes it a lot clearer. I was obviously mis-reading the method and thinking that I could draw a trendline from 2 consecutive candles when in fact I need to zoom out a bit.

Requires more patience but makes much more sense.

Thanks for your help
  • #11,034
  • Feb 10, 2011 11:54pm Feb 10, 2011 11:54pm
Hi

From my understanding zooming out as well drawing a trendline from 2 consecutive candles work.

Please look at the chart LG posted in post #21

Cheers

Quoting MarkyBoy
Thanks Andreas, that makes it a lot clearer. I was obviously mis-reading the method and thinking that I could draw a trendline from 2 consecutive candles when in fact I need to zoom out a bit.

Requires more patience but makes much more sense.

Thanks for your help
  • #11,035
  • Feb 11, 2011 1:19am Feb 11, 2011 1:19am
Quoting AndreasF
Hi

From my understanding zooming out as well drawing a trendline from 2 consecutive candles work.

Please look at the chart LG posted in post #21

Cheers
Yep, I see now. I think the key if drawing a line between consecutive candles is to look for one green followed by one red candle for sells, and the reverse for buys. I was just drawing between 2 adjacent red candles, which isn't really a bounce off a trendline, just a continuation down.

I really like the method though - very easy to spot potential trades to take on smaller timeframes, with longer timeframe confirmation
  • #11,036
  • Feb 11, 2011 2:24am Feb 11, 2011 2:24am
cable breaking !
Hero calls followed by margin calls...
  • #11,037
  • Feb 11, 2011 2:25am Feb 11, 2011 2:25am
Quoting PhAnTi'
cable breaking !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy h4.gif Size: 25 KB
Hero calls followed by margin calls...
  • #11,038
  • Feb 11, 2011 4:19am Feb 11, 2011 4:19am
Hi Andreas F,

What indicator is it that you use in your top right corner, and can you post it please,

Thank you

Hans
"The future is already written in the past"
  • #11,039
  • Feb 11, 2011 4:29am Feb 11, 2011 4:29am
Hi Hans

This indicator shows the candle colour on different timeframes, it does not indicate a trend.

Please find the files below

Cheers

Quoting hansma
Hi Andreas F,

What indicator is it that you use in your top right corner, and can you post it please,

Thank you

Hans
Attached File(s)
File Type: ex4 TRO_Multi_Meter_CandleColor.ex4   12 KB | 318 downloads
File Type: mq4 TRO_Multi_Meter_CandleColor.mq4   15 KB | 490 downloads
  • #11,040
  • Feb 11, 2011 4:35am Feb 11, 2011 4:35am
Hi Andreas,

Thank you very much,

Regards,

Hans
"The future is already written in the past"
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