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Trade What You See - Almost Naked Trading

  • #12,641
  • Edited 8:42pm Mar 22, 2011 7:56pm | Edited 8:42pm
In this pair short since earlier today.
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  • #12,642
  • Mar 22, 2011 7:59pm Mar 22, 2011 7:59pm
Quoting jdcompute
First 4hr trade...up +26 so far. SL set at +5 and letting it run
Good job!
  • #12,643
  • Mar 22, 2011 8:05pm Mar 22, 2011 8:05pm
Quoting lawgirl21
In this pair short since earlier today.
Also went short (.4206) earlier today. Looks like it may drop below the .4160 mark, and who knows after that. Check the 4H consolidation on the GBYJPY
  • #12,644
  • Mar 22, 2011 8:10pm Mar 22, 2011 8:10pm
Quoting lawgirl21
In this pair short since earlier today.
Same here I got in (Short) at 1.4190. Almost closed out after it started going against me but decided to walk away from the monitor. Glad I did
  • #12,645
  • Mar 22, 2011 8:10pm Mar 22, 2011 8:10pm
Quoting Fitness09
Also went short (.4206) earlier today. Looks like it may drop below the .4160 mark, and who knows after that. Check the 4H consolidation on the GBYJPY
..and on CJ
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  • #12,646
  • Mar 22, 2011 8:21pm Mar 22, 2011 8:21pm
H4 consolidation. We are seeing more of these than I can remember in a long time. We should have some big moves when the BO comes.
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  • #12,647
  • Mar 22, 2011 8:33pm Mar 22, 2011 8:33pm
Hey Lawgirl,

How many pips per week would you average using this method of trading?

Thanks!
  • #12,648
  • Mar 22, 2011 8:35pm Mar 22, 2011 8:35pm
H1 4C BO..time to move to M15 chart.

Probably should not require that price close below that longest wick/scout. Something is going on with yen pairs.
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  • #12,649
  • Mar 22, 2011 8:40pm Mar 22, 2011 8:40pm
Quoting lawgirl21
Good job!
Out at +35
  • #12,650
  • Mar 22, 2011 8:43pm Mar 22, 2011 8:43pm
Quoting lawgirl21
In this pair short since earlier today.
Took profit on the start of the green candle.
  • #12,651
  • Mar 22, 2011 8:45pm Mar 22, 2011 8:45pm
A little off topic; not sure if anyone was seriously watching/trading the gap trades this week. They all closed. EJ took a while!
Enter Signature
  • #12,652
  • Mar 22, 2011 9:00pm Mar 22, 2011 9:00pm
Quoting CrucialCraig
A little off topic; not sure if anyone was seriously watching/trading the gap trades this week. They all closed. EJ took a while!
That's good to know..they do about 98% of the time. Patience makes a good trader, sounds like you have it.
  • #12,653
  • Mar 22, 2011 9:05pm Mar 22, 2011 9:05pm
[quote=jasonnevis;4491489]Hi Lawgirl,

Just a quick question. Are you looking at RSI and Arrows for H1 BO trades?

Page one of the thread says you don't. Just a little confused as all the charts that you post have the RSI and arrow indicator on them.

Thanks![/quote

H1 BOs are price action trades. Of course, the more confirmation the stronger the trade, so it is good to have the RSI agree with the direction, which it will with a strong move.
  • #12,654
  • Mar 22, 2011 9:08pm Mar 22, 2011 9:08pm
Quoting jasonnevis
Hey Lawgirl,

How many pips per week would you average using this method of trading?

Thanks!
I have in the past always stopped live trading after reaching 100 pips. But for most of this year, that goal has often been reached by Monday or Tuesday, so I have upped my goal to between 100 and 200 pips before I stop live trading.

I would like to hear from others about goals.
  • #12,655
  • Mar 22, 2011 9:15pm Mar 22, 2011 9:15pm
Quoting lawgirl21
I have in the past always stopped live trading after reaching 100 pips. But for most of this year, that goal has often been reached by Monday or Tuesday, so I have upped my goal to between 100 and 200 pips before I stop live trading.

I would like to hear from others about goals.
I don't set a certain number of pips, but I try to achieve a monetary amount or percentage. I don't always trade the same amount of lots, so one pip on one trade may not be equivalent to a pip on another trade. The most I trade is 10 lots at a time (for now).

Hope that makes sense
  • #12,656
  • Mar 22, 2011 9:26pm Mar 22, 2011 9:26pm
I would have to say that your system is a very ez way to trade. I use the 3 RSI and look at the 4 hour and then down to the 15 min and wait for an entry. Last week I was up 241 pips. Then on Monday that 4h e/u killed me I fell for the quick drop as a reversal. Oopps! Keep up the great thread! What a great group of traders
  • #12,657
  • Mar 22, 2011 9:40pm Mar 22, 2011 9:40pm
Thanks lawgirl. Great to hear that everyone is doing well. I have not got a target level as I am still trying to understand how to trade this system. 100 -200 pips per week is great!

Do you ever have losing weeks?

Dont mean to hijack the thhread with this question.

Thanks !
  • #12,658
  • Mar 22, 2011 10:00pm Mar 22, 2011 10:00pm
Quoting jasonnevis
Thanks lawgirl. Great to hear that everyone is doing well. I have not got a target level as I am still trying to understand how to trade this system. 100 -200 pips per week is great!

Do you ever have losing weeks?

Dont mean to hijack the thhread with this question.

Thanks !

Before finding LG’s tread I had a lot of losing weeks. I had a Tendency to overtrade. My increase in pips was due in part from the help of Lawgirl. I’m trying to spend less time in front of the screen. I still have a lot more to learn. Thanks LG your my favorite lawyer
  • #12,659
  • Mar 22, 2011 10:18pm Mar 22, 2011 10:18pm
Quoting gasservettes
Before finding LG’s tread I had a lot of losing weeks. I had a Tendency to overtrade. My increase in pips was due in part from the help of Lawgirl. I’m trying to spend less time in front of the screen. I still have a lot more to learn. Thanks LG your my favorite lawyer

Thanks Gas, Im going to see if I can pickup this method and become profitable. I had a mamoth loss recently, I really need help.

nzd/usd .... would this be a 3 tap?
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  • #12,660
  • Mar 22, 2011 11:06pm Mar 22, 2011 11:06pm
Are we entering on the open of the candle "after" the breakout candle? I just need clarification on the entry on that.
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