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Trade What You See - Almost Naked Trading

  • #12,781
  • Mar 24, 2011 8:14pm Mar 24, 2011 8:14pm
Busy day in Europe, EU Economic Summit – day II, German Ifo Business Climate and much more .Let’s see what awaits us today.
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  • #12,782
  • Mar 24, 2011 10:34pm Mar 24, 2011 10:34pm
Quoting jdcompute
Lawgirl,

Do you look for H1 4C BO setups later in the day or after the NY close for an Asian move? Like this example below. This is at 1:40PM CST so I'm not looking for any kind of move out of this range until near the Asian session.


Look for a H1 4C BO any time after the close of the 4th H1 candle into the start of your broker's new trading day. That means from 6:00 p.m. PST to 6:00 p.m. PST the next day for me....because my broker's new day starts at 2:00 p.m. PST....but each trader has to determine their own broker's start time.

I don't think I can explain this any more......
  • #12,783
  • Mar 24, 2011 10:38pm Mar 24, 2011 10:38pm
Chart
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  • #12,784
  • Mar 24, 2011 10:39pm Mar 24, 2011 10:39pm
Chart
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  • #12,785
  • Mar 24, 2011 10:41pm Mar 24, 2011 10:41pm
Chart
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  • #12,786
  • Edited Mar 25, 2011 12:52am Mar 24, 2011 11:20pm | Edited Mar 25, 2011 12:52am
Quoting lawgirl21
Chart
IMO NZDUSD has found support @ .7484 next up .7513
  • #12,787
  • Mar 24, 2011 11:38pm Mar 24, 2011 11:38pm
Quoting lawgirl21
Look for a H1 4C BO any time after the close of the 4th H1 candle into the start of your broker's new trading day. That means from 6:00 p.m. PST to 6:00 p.m. PST the next day for me....because my broker's new day starts at 2:00 p.m. PST....but each trader has to determine their own broker's start time.

I don't think I can explain this any more......
TIME is such fun to explain

Speaking of which, following on from the comment about 4 H breakouts in London time, and trying to do some basic back testing, the idea came to me - it would be great if the Indicator posted before "Daily Line Boxes OC" could display extra lines above and below the extended hours.

I was thinking of showing an ENTRY 10 pips from the High or Low, and then a Take Profit of 10 pips (or your choice setting)

Hope the chart shows what I mean; any coders on this thread?
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Canadian by birth Australian by choice
  • #12,788
  • Edited 5:48am Mar 25, 2011 3:00am | Edited 5:48am
Quoting lawgirl21
Chart
NZDUSD touched .7526. I hope you didn't go short according to your chart setup.
Out with +46 pips. Cheers
  • #12,789
  • Mar 25, 2011 4:11am Mar 25, 2011 4:11am
Went long @ .9082 out @ .9148
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  • #12,790
  • Mar 25, 2011 6:18am Mar 25, 2011 6:18am
I understand that part, but I mean after you've made a successful trade, do you look for a range or consolidation "again" later in the day in an attempt to place another trade on the same pair.

Quoting lawgirl21
Look for a H1 4C BO any time after the close of the 4th H1 candle into the start of your broker's new trading day. That means from 6:00 p.m. PST to 6:00 p.m. PST the next day for me....because my broker's new day starts at 2:00 p.m. PST....but each trader has to determine their own broker's start time.

I don't think I can explain this any more......
  • #12,791
  • Mar 25, 2011 8:15am Mar 25, 2011 8:15am
Another nice, stress free win. At what point are you guys setting your SL to B/E?
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  • #12,792
  • Mar 25, 2011 8:16am Mar 25, 2011 8:16am
Quoting jdcompute
I understand that part, but I mean after you've made a successful trade, do you look for a range or consolidation "again" later in the day in an attempt to place another trade on the same pair.
LG will trade any CBO's (consolidation) as evidenced by her posts ie she has posted about currently watching USDJPY a couple of times in the last week. Doesn't matter if the CBO pair has already had a H1 4CBO. Hope that helps.
  • #12,793
  • Mar 25, 2011 8:26am Mar 25, 2011 8:26am
Still cant get the H1 BO am i taking the scout line from the close of the first complete hour bar including wick, or do i drop to M15 once the hour breaks and get the scout line from the first complete 15 m bar?!
  • #12,794
  • Mar 25, 2011 8:40am Mar 25, 2011 8:40am
Quoting FXMajors
NZDUSD touched .7526. I hope you didn't go short according to your chart setup.
Out with +46 pips. Cheers
Good trading.. no, didn't go short, as there was never a good entry on the M15 chart. Entry rules keep us out of many losing trades.
  • #12,795
  • Mar 25, 2011 8:44am Mar 25, 2011 8:44am
There were some really nice BOs during London session. Here are two.
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  • #12,796
  • Mar 25, 2011 8:46am Mar 25, 2011 8:46am
charts
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  • #12,797
  • Mar 25, 2011 8:48am Mar 25, 2011 8:48am
Is turning into a ZC trade
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  • #12,798
  • Mar 25, 2011 8:50am Mar 25, 2011 8:50am
This is very beautiful...
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  • #12,799
  • Mar 25, 2011 8:52am Mar 25, 2011 8:52am
A possible ZC trade now
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  • #12,800
  • Mar 25, 2011 8:57am Mar 25, 2011 8:57am
Quoting lawgirl21
Is turning into a ZC trade
H4 3tap too?
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