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Attachments: Trade What You See - Almost Naked Trading
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Trade What You See - Almost Naked Trading

GBPJPY, GBPCHF and GBPUSD this morning.. +112 pips.. I think I'm good for the week.. Happy pips to all of you guys, I really appreciate all the discussion lately, very insightful. Great to be surrounded by such cool traders; normal people... Those are hard to come by these days
Quoting Cristian2011
3T H4 is setting up again. Closed my intraday positions with small loss , but my long term is surviving +103. Very interesting to watch S/R levels switching places

Attachment 671764
Im in that also. + 140 pips. Nice day. 8 of 9 3 taps running on a positive side.

Still underperforming with H1 4C´s. Yesterday was BE. Today -25 pips with G/U. Trend changed just after I entered and had to go to a meeting. I´ve got a long list of loses with G/U. It´s a tricky one. Is anybody else having problems with H1 4 C in during London session, or is it just me.
Quoting lawgirl21
I know I have posted this chart several times, but this pair is reaching October 2010 levels and that is significant. Remember that R/S are levels/areas and not necessarily specific numbers.

What will happen as PA approaches this level? I am assuming you all know, as I have stated it often enough....one of three things.

Exercise caution.
ABSOLUTELY !!!

INCREDIBLE CHARTS
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Canadian by birth Australian by choice
Quoting pippete
GBPJPY, GBPCHF and GBPUSD this morning.. +112 pips.. I think I'm good for the week.. Happy pips to all of you guys, I really appreciate all the discussion lately, very insightful. Great to be surrounded by such cool traders; normal people... Those are hard to come by these days
Have a great weekend, pete. I am about to do the same. This is a nice group of people.
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Is there something wrong in my H1 4 C trades? This one with GBP/USD long was after London opening this morning around 10 o´clock (gmt+2). It turned instantly after my enter. 1H and 4H TF´s were showing long. Just another false breakout? I would appreciate your help with this.
Quoting Whistlepips
Attachment 671862

Is there something wrong in my H1 4 C trades? This one with GBP/USD long was after London opening this morning around 10 o´clock (gmt+2). It turned instantly after my enter. 1H and 4H TF´s were showing long. Just another false breakout? I would appreciate your help with this.
I took that trade also, but right after the 1st 15min candle closed above the line and the next one opened green. (arrow) 1.6103ish. I took a modest 20 pips on that short BO, (EST time zone, couldn't monitor) but if you could monitor it, it would have been good for 45 pips or so... It was a short BO followed by another BO down...
Attached Image
Quoting Whistlepips
Attachment 671862

Is there something wrong in my H1 4 C trades? This one with GBP/USD long was after London opening this morning around 10 o´clock (gmt+2). It turned instantly after my enter. 1H and 4H TF´s were showing long. Just another false breakout? I would appreciate your help with this.
I have asked Scrutch to take a look at your chart as I cannot see anything clearly on it and it won't enlarge. I can't see your BO lines, is it a M15 chart? How is your RSI set? We'll get back to you..
Quoting lawgirl21
I have asked Scrutch to take a look at your chart as I cannot see anything clearly on it and it won't enlarge. I can't see your BO lines, is it a M15 chart? How is your RSI set? We'll get back to you..
Thanks. I just put a new chart there. The first one was in a wrong format. Hope you can see this new one. It´s M15 chart. My RSI is set to 3. BO lines are the blue lines in the chart.

My BO lines seem to be different than yours!
Quoting pippete
I took that trade also, but right after the 1st 15min candle closed above the line and the next one opened green. (arrow) 1.6103ish. I took a modest 20 pips on that short BO, (EST time zone, couldn't monitor) but if you could monitor it, it would have been good for 45 pips or so... It was a short BO followed by another BO down...
Thanks for explaining, pete. My chart looks just like yours and I saw it as a legit, albeit short BO, just as you did.
Whistlepips,
It appears to me that your Break Out lines are at the wrong levels.
Also, your RSI shows...RSI(2) 3=74.1837. Is this a 2 period RSI or is it simulating a 3 period RSI.

Looks to me like you bought the very top with no confirmation.
Two bars closed outside the BO zone and the third bar showing the same color. Also, if there has been a probe you want to watch for that.

Your lower line is a bit above my actual BO zone...but even using your line there was a break to the down side. Price penetrated your lower line and retraced back up...then moved to the downside and closed below the blue line. Followed by two complete bars below the line...offering a short position when the next bar opened as a red bar.

Quoting lawgirl21
I have asked Scrutch to take a look at your chart as I cannot see anything clearly on it and it won't enlarge. I can't see your BO lines, is it a M15 chart? How is your RSI set? We'll get back to you..
Listen to the whispers.... You may learn something
Quoting Cristian2011
3T H4 is setting up again. Closed my intraday positions with small loss , but my long term is surviving +103. Very interesting to watch S/R levels switching places

Attachment 671764
How do you manage a long term position while also trading short term in terms of MM? Same size trade for both? Is there a reason you do this? Very interested.

Oh yea, if I haven't said this already - thanks to you, Anthar and LG for helping me learn so much in the last week.
Quoting Noobs
EU
http://img101.imageshack.us/img101/3766/3taph4.gif
after a few moment...
http://img197.imageshack.us/img197/4908/euhittp.gif
Great job! Nice clean charts...
Quoting Scrutch
Whistlepips,
It appears to me that your Break Out lines are at the wrong levels.
Also, your RSI shows...RSI(2) 3=74.1837. Is this a 2 period RSI or is it simulating a 3 period RSI.

Looks to me like you bought the very top with no confirmation.
Two bars closed outside the BO zone and the third bar showing the same color. Also, if there has been a probe you want to watch for that.

Your lower line is a bit above my actual BO zone...but even using your line there was a break to the down side. Price penetrated your lower line...
Thanks Scrutch and others. This really helps. The (2) in my RSI is just because I sometimes use several RSI´s (14 and 20) in my trading. It´s a normal RSI 3. My BO levels I´ve adjusted for the first four candles of my normal trading day from 6-10 am (gmt+2). At the moment I´m thinking should I adjust my four candle timeframe?

The top I bought was a blue (long) candle at the moment I bought it. Just one after the previous blue 15 M candle, which broke the BO line. I used it as a confirmation for the BO and entered during next blue candle, which turned out just after my enter. There wasn´t a probe as you mentioned and I used my upper BO line as a trigger to enter a trade. Should I make H1 4 C trades to the opposite direction from the main trend?

Don´t listen to whistlers and you may not hear anything
Quoting qweretyq
How do you manage a long term position while also trading short term in terms of MM? Same size trade for both? Is there a reason you do this? Very interested.

Oh yea, if I haven't said this already - thanks to you, Anthar and LG for helping me learn so much in the last week.
I've learned so much in here as well, I'm happy I could give a little back. So thank the thread and let's keep this a nice place
Flp. 4:13
IMHO...wait for more confirmation. I've tried to enter as early as possible which usually results in a trade that I wished I had never taken.

The probe at the top happend on the bar you entered on...after the fact.
So...if you had been trying to buy about six bars later you would want to keep that probe in mind.

BO trades can be taken in either direction, but keep in mind that they are short duration trades. Once in a while they turn into longer term trades and it's a sweet ride.

LG uses the H1-3T for the longer term trades and the RSI's have to be in agreement before entry.

Quoting Whistlepips
Thanks Scrutch and others. This really helps. The (2) in my RSI is just because I sometimes use several RSI´s (14 and 20) in my trading. It´s a normal RSI 3. My BO levels I´ve adjusted for the first four candles of my normal trading day from 6-10 am (gmt+2). At the moment I´m thinking should I adjust my four candle timeframe?

The top I bought was a blue (long) candle at the moment I bought it. Just one after the previous blue 15 M candle, which broke the BO line. I used it as a confirmation for the BO and entered during next blue candle, which...
Listen to the whispers.... You may learn something
Quoting Pirabuji
No as the trend line goes back to last week, we look for trend line within the current week when looking for 3T trades

Thanks
Quoting Scrutch
IMHO...wait for more confirmation. I've tried to enter as early as possible which usually results in a trade that I wished I had never taken.

The probe at the top happend on the bar you entered on...after the fact.
So...if you had been trying to buy about six bars later you would want to keep that probe in mind.

BO trades can be taken in either direction, but keep in mind that they are short duration trades. Once in a while they turn into longer term trades and it's a sweet ride.

LG uses the H1-3T for the longer term trades and the RSI's have...
Thanks. I keep these in mind. I´m really glad for your help here.
Breaking now
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Quoting jasonnevis
Breaking now
NZD/USD, NZD/JPY and AUD/JPY also near BO.
Quoting Whistlepips
NZD/USD, NZD/JPY and AUD/JPY also near BO.
Thanks, on the watchlist.
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