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Trade What You See - Almost Naked Trading

  • #12,321
  • Mar 16, 2011 9:05am Mar 16, 2011 9:05am
Chart
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  • #12,322
  • Mar 16, 2011 9:13am Mar 16, 2011 9:13am
Quoting Walad100100
Thanks ma'am for your prompt reply. I understand your comment above, but tuning things down to the 15min is something cannot afford to do given that I have a demanding full-time job. Therefore, I was thinking of applying your method but to bigger granularity of the time frame, by making the Daily TF the smallest one to look at and go up from there. I look to

Side Note: RSI follows the RSI, but notice that RSI(3) specifically almost the PA especially if you analyze the RSI equations mathematically, or visually compare the two curves of them....
For a daily BO setup, I would go the the H4 chart, if you have the patience, or the H1 chart for entry and apply the same rules are for an entry on the M15 chart. For a BO on a daily chart, I would want the the weekly RSI to be in agreement. I have not tried BOs on the daily chart because I haven't the patience. I would recommend you demo trade these BOs and let us know what works best for entries.
  • #12,323
  • Mar 16, 2011 9:31am Mar 16, 2011 9:31am
LG Would it not have been better to sell on the pin retrace ?!
  • #12,324
  • Mar 16, 2011 9:58am Mar 16, 2011 9:58am
Quoting dct
LG Would it not have been better to sell on the pin retrace ?!
Good question. Of course that would have been a good one candle move. But, we are trying to follow the entry rules using the M15 chart. Although looking back at the M15 chart, I see that there was never a good entry into this trade...so I didn't follow the rules...a double whammy for this trade!
  • #12,325
  • Mar 16, 2011 10:01am Mar 16, 2011 10:01am
With the change of the H1 candle, looks like price is going to try to get through support again.
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  • #12,326
  • Mar 16, 2011 10:05am Mar 16, 2011 10:05am
...is taking off to the downside.
  • #12,327
  • Mar 16, 2011 10:07am Mar 16, 2011 10:07am
Quoting lawgirl21
...is taking off to the downside.
I'm in this trade on a H4 chart. Up 40 pips.
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  • #12,328
  • Mar 16, 2011 10:17am Mar 16, 2011 10:17am
Quoting lawgirl21
I'm in this trade on a H4 chart. Up 40 pips.
I picked up +32 Things seem like a little PA war going on since the change of the hr.
  • #12,329
  • Mar 16, 2011 10:30am Mar 16, 2011 10:30am
Quoting royalbowhunt
I picked up +32 Things seem like a little PA war going on since the change of the hr.
That's terrific! I'm looking for it to go down a little further.
  • #12,330
  • Mar 16, 2011 10:40am Mar 16, 2011 10:40am
Quoting lawgirl21
With the change of the H1 candle, looks like price is going to try to get through support again.
Out with +30 pips.
  • #12,331
  • Mar 16, 2011 10:52am Mar 16, 2011 10:52am
Quoting lawgirl21
Out with +30 pips.
Good job LG! I just pick up another +20 on USDCHF
  • #12,332
  • Mar 16, 2011 10:58am Mar 16, 2011 10:58am
Quoting royalbowhunt
Good job LG! I just pick up another +20 on USDCHF
On fire this morning...I am looking to re-enter short.
  • #12,333
  • Mar 16, 2011 11:01am Mar 16, 2011 11:01am
Out with the candle change. +35 pips.
  • #12,334
  • Mar 16, 2011 11:03am Mar 16, 2011 11:03am
Newbie here, could not read all 800+ pages, but did see this ZC setup yesterday, can someone tell me what ZC stands for? and which post has the explanation on how to setup this ZC?

Thanks a lot, this is a great thread!
  • #12,335
  • Mar 16, 2011 11:22am Mar 16, 2011 11:22am
Quoting lawgirl21
On fire this morning...I am looking to re-enter short.

Re-entered this pair.
  • #12,336
  • Mar 16, 2011 11:33am Mar 16, 2011 11:33am
Total this morning +73 pips i feel i have to stop and catch my breath. Made off of usdchf usdjpy and gbpusd
  • #12,337
  • Mar 16, 2011 12:33pm Mar 16, 2011 12:33pm
great thread you have here.

this is my setup to see clear picture, if you need more info I will gladly explain
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Click to Enlarge Name: usdchf.jpg Size: 113 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #12,338
  • Mar 16, 2011 1:01pm Mar 16, 2011 1:01pm
In this trade from an H4 chart...up +80 pips.
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  • #12,339
  • Mar 16, 2011 1:04pm Mar 16, 2011 1:04pm
I lost a lot of pips this monday due to some risky USDJPY trade. It went all against me and hit my SL, which was about -80 due to a lot of movements I wanted to have a huge range. I've been able to recover some of my losses, today I got +31. My goal is to end this week break even, as soon as that point is reached this week is over for me. It is still possible, although 2 weeks wouldn't be that bad either
  • #12,340
  • Mar 16, 2011 1:05pm Mar 16, 2011 1:05pm
Quoting prozor7
great thread you have here.

this is my setup to see clear picture, if you need more info I will gladly explain
Thank you. We try hard.
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