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Trade What You See - Almost Naked Trading

  • #12,561
  • Mar 21, 2011 6:31pm Mar 21, 2011 6:31pm
Hi All

been following this thread with some interest, especially regarding the 4hr BO method.

to make it easier for me to see the 4hr Open/Close levels I have created an indicator that draws automatically the levels.

Note:- no levels are drawn until it has the 4 hours to set the level.

P.S. if you want to use other values than 4 hours change the number of mins. on the parameters, make sure though it is a number that is divisable by the period you are on!!

Regards
John
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 !x Mins Open Close.ex4   3 KB | 372 downloads
  • #12,562
  • Mar 21, 2011 6:35pm Mar 21, 2011 6:35pm
Quoting lawgirl21
I am in this trade on a 3 Tap H4 chart. Waiting for a BO on the H1 chart would be a more conservative entry. You are exactly right to follow your own instincts....always do that.

I'd like to enter this as soon as it clears .8700 area of support. thx for your help
  • #12,563
  • Mar 21, 2011 7:12pm Mar 21, 2011 7:12pm
3T H4 set-up, waiting for conformation

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  • #12,564
  • Mar 21, 2011 7:19pm Mar 21, 2011 7:19pm
This pair has been in consolidation so long that for today I am going to go beyond the first four candles of the broker's new day and expand the R/S lines back. I believe it would be wiser for us to wait for a BO with these lines or something that resembles them.
Attached Image
  • #12,565
  • Mar 21, 2011 7:41pm Mar 21, 2011 7:41pm
Looking now like it will retrace downward.
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  • #12,566
  • Mar 21, 2011 7:46pm Mar 21, 2011 7:46pm
Something is going on right now with these pairs....
  • #12,567
  • Mar 21, 2011 7:55pm Mar 21, 2011 7:55pm
Quoting lawgirl21
Something is going on right now with these pairs....
I have the USD and GBP charts up and they look virtually the same....
  • #12,568
  • Mar 21, 2011 8:02pm Mar 21, 2011 8:02pm
Quoting Fitness09
I have the USD and GBP charts up and they look virtually the same....
The yen looked like it was finding strength, then settled back.
  • #12,569
  • Mar 21, 2011 8:03pm Mar 21, 2011 8:03pm
Previous sessions: The Aussie reached a high of 1.0069 in the early afternoon and then falling to 1.0035 in the late afternoon, and then gradually consolidating to its present level. The currency has been fluctuating relatively actively during the session. Current range: 0.9955– 1.0070
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  • #12,570
  • Mar 21, 2011 8:09pm Mar 21, 2011 8:09pm
Quoting FXMajors
Previous sessions: The Aussie reached a high of 1.0069 in the early afternoon and then falling to 1.0035 in the late afternoon, and then gradually consolidating to its present level. The currency has been fluctuating relatively actively during the session. Current range: 0.9955– 1.0070
May be breaking down.
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  • #12,571
  • Mar 21, 2011 8:14pm Mar 21, 2011 8:14pm
Quoting lawgirl21
May be breaking down.
Yes indeed working with Current range: 0.9955– 1.0070.
I'm short @ .0068. LG is it okay to post the charts of the pairs I am currently watching?
Cheers
  • #12,572
  • Mar 21, 2011 8:18pm Mar 21, 2011 8:18pm
Quoting FXMajors
Yes indeed working with Current range: 0.9955– 1.0070.
I'm short @ .0068. LG is it okay to post the charts of the pairs I am currently watching?
Cheers
Oh...please do..I get tired of posting my charts, but please keep within the spirit of the thread, which I am sure you will...and explain what you are doing.....welcome charts!!!
  • #12,573
  • Mar 21, 2011 8:44pm Mar 21, 2011 8:44pm
Don't know anything about gold, but this is the only H1 4C BO I see so far...just for fun I'll paper trade

Attached Image (click to enlarge)
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  • #12,574
  • Mar 21, 2011 8:49pm Mar 21, 2011 8:49pm
I believe there have been some good signs in regards to the nuclear/radiation scare in JPY, which may be why we are seeing some strength in the Yen today.

I hope EURJPY can close the gap, then it can do whatever you guys want!
Enter Signature
  • #12,575
  • Mar 21, 2011 8:50pm Mar 21, 2011 8:50pm
Chart
Attached Image
  • #12,576
  • Mar 21, 2011 8:53pm Mar 21, 2011 8:53pm
Quoting lawgirl21
Chart
Time to move to M15 chart for possible entry.
Attached Image
  • #12,577
  • Mar 21, 2011 9:13pm Mar 21, 2011 9:13pm
Quoting Cristian2011
Don't know anything about gold, but this is the only H1 4C BO I see so far...just for fun I'll paper trade

Attachment
Trade it just the way you would any pair. I personally like silver.
  • #12,578
  • Mar 21, 2011 9:16pm Mar 21, 2011 9:16pm
Chart
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  • #12,579
  • Mar 21, 2011 9:24pm Mar 21, 2011 9:24pm
I guess these brokers allow you to make or not makes trades according to how much money they are making or losing. I tried to short the AUD/NZD and again the AUD/CAD and the system would not let me complete it. A box kept popping up asking to sell or pass and it just kept coming back. Here is the conversation I just had with the rep:


GFT37: Thank you. How may I help you?
you: Hello, I was trying to sell 5 lots of the AUD/NZD and a box kept popping up asking me to sell or pass. I kept clicking sell, but it kept popping up and would not let me complete the transaction. So I logged out, and logged back in, and when I right click on any chart, I have no options to buy or sell.
GFT37: 8004654373
GFT37: Call into our desk and we can assist trades.
you: I there a problem with the system. I just tried to go short on the AUD/Cad and can't do that either
you: Is*
GFT37: Is there anything else that I can help you with today?
you: Nothing else. Thanks for the help
GFT37: Thank you for contacting GFT. Have a wonderful day. Please contact us again.


He (or she) totally shut me off. I still have no quotes and can place no trades........
  • #12,580
  • Mar 21, 2011 9:27pm Mar 21, 2011 9:27pm
Quoting Fitness09
I guess these brokers allow you to make or not makes trades according to how much money they are making or losing. I tried to short the AUD/NZD and again the AUD/CAD and the system would not let me complete it. A box kept popping up asking to sell or pass and it just kept coming back. Here is the conversation I just had with the rep:


GFT37: Thank you. How may I help you?
you: Hello, I was trying to sell 5 lots of the AUD/NZD and a box kept popping up asking me to sell or pass. I kept clicking sell, but it kept popping up and would not let me...
Five lots is $50 per pip...is that what you wanted to do? Demo?
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