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Trade What You See - Almost Naked Trading

  • #11,441
  • Feb 22, 2011 11:33pm Feb 22, 2011 11:33pm
Strick, hang in there buddy. I know what you mean about trying to line everything the right way. Sometimes it can get frustrating. I'm in no position to give advice, but that's why were are here. LG will need to start charging a consultation fee for all the help she gives.
  • #11,442
  • Feb 22, 2011 11:49pm Feb 22, 2011 11:49pm
Quoting Strick
Ok, the entry seems to be my main problem.

On this chart you can see where i entered (at the bottom that red candle) and the RSI's were all heading down at the time. I thought it was perfect with confirmation on the 15M

What was it you didn't like? Or more to the point, why was it a bad decision to go short when i did???
(sorry for the extra questions but these are the anoying ones i need to ask unfortunately... I'm close but just need to get a little more info...)
Strick I feel for you, but you have to have patients. I'm no pro but watching LG's system you need to wait for the end of the 4th 1hc. and wait for the break out of the new period with your broker. I did not see your break out of the 1hr 4th candle. In fact it is still in the channel of the new period. If your time frame is ahead of LG's then try to set it up closer to the London opening,. It will give you a break in a different direction out of the channel. You still will need to watch it, because after the first hr or 2 may change again. You may pick up a few pips before the market takes on a direction for a few hrs. You may want to look at the 15min charts after your channel has been broken, for a good entry that gives you a small cushion on the spread. Then you need to also be aware of support and resistance before entering a trade. You may only have a few pips before you hit a strong resistance level. That may stop you from entering altogether at that time. Then wait for another setup. I hope I haven't confused you.
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  • #11,443
  • Feb 23, 2011 1:05am Feb 23, 2011 1:05am
Sweet + 24 on GU BO 1H4CBO....went to 15M & let price break the scouting spike before entry - saved being wipsawed 2x
  • #11,444
  • Feb 23, 2011 1:37am Feb 23, 2011 1:37am
Quoting Hawaiifive9
Sweet + 24 on GU BO 1H4CBO....went to 15M & let price break the scouting spike before entry - saved being wipsawed 2x
same here +25 pips
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There`s no life before COFFEE!
  • #11,445
  • Feb 23, 2011 3:34am Feb 23, 2011 3:34am
Anyone get that GU pop?
  • #11,446
  • Feb 23, 2011 5:35am Feb 23, 2011 5:35am
how can i get to move the indicator to the left of my chart? thanks alot guys
  • #11,447
  • Feb 23, 2011 7:32am Feb 23, 2011 7:32am
Quoting lawgirl21
Consolidation for hours. Should make a BO stronger.
STILL has not moved.
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  • #11,448
  • Feb 23, 2011 7:35am Feb 23, 2011 7:35am
Quoting lawgirl21
STILL has not moved.
LG, why did you not go short when the red candle closed below the line?
  • #11,449
  • Feb 23, 2011 7:40am Feb 23, 2011 7:40am
Quoting lawgirl21
H1 4C BO...wait for top of the hour to see what happens.
This was a one candle BO..and waiting for the candle change would have kept us out of a short trade here. May be setting up to try again.
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  • #11,450
  • Feb 23, 2011 7:42am Feb 23, 2011 7:42am
Quoting lawgirl21
Chart
PA still in consolidation.
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  • #11,451
  • Feb 23, 2011 7:45am Feb 23, 2011 7:45am
Quoting lawgirl21
Chart..Channel trade
Good for about 60 pips channel trading
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  • #11,452
  • Feb 23, 2011 7:46am Feb 23, 2011 7:46am
It is very close to trendline (down-trend) drawn on a weekly chart. Probably worth of watching and waiting for proper RSI advertisment. What do you think?

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Time matters most
  • #11,453
  • Feb 23, 2011 7:47am Feb 23, 2011 7:47am
Quoting lawgirl21
I took a look at this chart again from this morning. PA still can't get past that resistance level or get repelled by it either.
May have finally broken through that resistance level.
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  • #11,454
  • Feb 23, 2011 7:48am Feb 23, 2011 7:48am
hey dear,

how r u doing?
Hero calls followed by margin calls...
  • #11,455
  • Feb 23, 2011 7:50am Feb 23, 2011 7:50am
Quoting lawgirl21
A beautiful 3 Tap trade that I missed was good for about 150+ pips. Now in consolidation before it moves again.
This chart looks the same as it did hours ago. Remember the longer the consolidation the bigger the BO.
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  • #11,456
  • Feb 23, 2011 7:56am Feb 23, 2011 7:56am
Hi LG Would you consider this pair for a 4hr 3tap?
Many thanks for your thread
  • #11,457
  • Feb 23, 2011 7:56am Feb 23, 2011 7:56am
Quoting Hawaiifive9
Sweet + 24 on GU BO 1H4CBO....went to 15M & let price break the scouting spike before entry - saved being wipsawed 2x
Excellent, H59..I really like that "scouting spike" wait.
  • #11,458
  • Feb 23, 2011 7:58am Feb 23, 2011 7:58am
Quoting jalkok
same here +25 pips
That's the way to do it, jalkok. Watching the pair and taking what it has to offer. Great trading!
  • #11,459
  • Feb 23, 2011 8:00am Feb 23, 2011 8:00am
Quoting PhAnTi'
hey dear,

how r u doing?
Doing well, how is your trading these days?
  • #11,460
  • Feb 23, 2011 8:01am Feb 23, 2011 8:01am
Quoting lawgirl21
Doing well, how is your trading these days?
smooth, but ok

anyway ,do u tradefor a life?


Jonas.
Hero calls followed by margin calls...
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