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Trade What You See - Almost Naked Trading

  • #13,481
  • Apr 6, 2011 10:30am Apr 6, 2011 10:30am
Check out GBP/NZD. 3tap short and support turned into resistance? Some more resistance on the way down though. Just thinking if I should take it.
  • #13,482
  • Apr 6, 2011 10:52am Apr 6, 2011 10:52am
Quoting Whistlepips
Check out GBP/NZD. 3tap short and support turned into resistance? Some more resistance on the way down though. Just thinking if I should take it.
GBP pairs seem to be getting back into their path previous to Services PMI data, that boosted GBP with its way better than expected outcome. We were talking about how the market assumes this fundamental moves within the next few hours / days of its release.
In this chart GBP broke a nice uptrend TL I had drawn, and it seems that PA is now looking to reach those previous levels again. This are interesting things to notice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPuptrend.jpg Size: 104 KB
Click to Enlarge Name: EURGBPTL.jpg Size: 109 KB
Flp. 4:13
  • #13,483
  • Apr 6, 2011 11:08am Apr 6, 2011 11:08am
Quoting Anthar
GBP pairs seem to be getting back into their path previous to Services PMI data, that boosted GBP with its way better than expected outcome. We were talking about how the market assumes this fundamental moves within the next few hours / days of its release.
In this chart GBP broke a nice uptrend TL I had drawn, and it seems that PA is now looking to reach those previous levels again. This are interesting things to notice.
Thanks Anthar. Really good points here. Interesting to see what happens tomorrow with GBP and other rate statements. It may be a lot of volatility tomorrow.
  • #13,484
  • Apr 6, 2011 11:13am Apr 6, 2011 11:13am
look at this chart. waiting for H4 confirmation. am I right?
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf zc 06.04.jpg Size: 103 KB
  • #13,485
  • Apr 6, 2011 11:26am Apr 6, 2011 11:26am
today ive spent studying a whole host of pairs with amazing results
if you take the 1hr 4c bo open close and use them as 0% and 100% up or down on the fib scale and then use the fib extensions as reference points the retracements on a 15 min chart are uncannily accurate even more so on the 5 min
dont mean to complicate a great system but gets you out before a large retrace back toward the 4c 1hr area

trying to help ---hope its ok
  • #13,486
  • Apr 6, 2011 11:41am Apr 6, 2011 11:41am
Quoting jacko4
today ive spent studying a whole host of pairs with amazing results
if you take the 1hr 4c bo open close and use them as 0% and 100% up or down on the fib scale and then use the fib extensions as reference points the retracements on a 15 min chart are uncannily accurate even more so on the 5 min
dont mean to complicate a great system but gets you out before a large retrace back toward the 4c 1hr area

trying to help ---hope its ok
I use a lot of fib on my charts
  • #13,487
  • Apr 6, 2011 12:14pm Apr 6, 2011 12:14pm
Quoting blackqn
I think LFB posted it in following post:

http://www.forexfactory.com/showpost.php?p=4212850

If I remember correctly, it just simply finds 3Tapa without looking for RSIs, but I may be wrong here...
Haven´t found a way to import this into my trading platform.
  • #13,488
  • Apr 6, 2011 12:49pm Apr 6, 2011 12:49pm
Quoting Whistlepips
Haven´t found a way to import this into my trading platform.
It must be imported as EA, in experts directory directly.
Time matters most
  • #13,489
  • Edited 1:22pm Apr 6, 2011 1:09pm | Edited 1:22pm
Quoting blackqn
It must be imported as EA, in experts directory directly.
Thanks. Im using forextrader pro from gain capital. Im not sure if I can import it to that platform. They have some other platform also. I might download and check that also.

BTW just checked 3 taps from EUR/JPY 10 months back from present. SL abowe/below last swing low/high (didnt take if SL was well abowe/below 100 pips). Not opened on mondays.
- 9 stayed under + 50 pips/hit stop loss
- 21 ended up to + 50 pips but not over + 100
- 33 ended up to + 100 pips.

The probability of a good guality trade increases much if you take them in a clear trend so maybe nothing new here. On the basis of these it seems, that all in all you may have to accept little smaller profits with E/J than E/U. Profitable times with yennies now seems to be a temporary phenomenon. The trend issue raised questions of trending styles and timeframes between currencies. Trend indicator we have already (RSI3 in different TFs).
  • #13,490
  • Apr 6, 2011 1:28pm Apr 6, 2011 1:28pm
Quoting Whistlepips
Thanks. Im using forextrader pro from gain capital. Im not sure if I can import it to that platform. They have some other platform also. I might download and check that also.
It is for MT4 with its MQL. I don't know if it will work with other platforms.

Quoting Whistlepips
BTW just checked 3 taps from EUR/JPY 10 months back from present. SL abowe/below last swing low/high (didnt take if SL was well abowe/below 100 pips). Not opened on mondays.
- 9 stayed under + 50 pips/hit stop loss
- 21 ended up to + 50 pips but not over + 100
- 33 ended up to + 100 pips.

The probability of a good guality trade increases much if you take them in a clear trend so maybe nothing new here. On the basis of these it seems, that all in all you may have to accept little smaller profits with E/J than E/U. Profitable times with yennies...
Nice to see these studies. current JPY pair phenomenon leads to earthquake and its consequences I guess.

To learn more about 3T and BO I was looking for kind of application which may present historycal data in the same way we see RT data, but with speed set by user. Found none so far. It is odd that MT4 has no such ability, a kind of manual strategy tester...
Time matters most
  • #13,491
  • Apr 6, 2011 1:32pm Apr 6, 2011 1:32pm
Quoting blackqn
It is for MT4 with its MQL. I don't know if it will work with other platforms.



Nice to see these studies. current JPY pair phenomenon leads to earthquake and its consequences I guess.

To learn more about 3T and BO I was looking for kind of application which may present historycal data in the same way we see RT data, but with speed set by user. Found none so far. It is odd that MT4 has no such ability, a kind of manual strategy tester...
Yes. There is a clear need to that kind of a tester.
  • #13,492
  • Apr 6, 2011 1:41pm Apr 6, 2011 1:41pm
It looks like they started to move now.
Time matters most
  • #13,493
  • Apr 6, 2011 2:25pm Apr 6, 2011 2:25pm
Quoting Mattdede
You mean he entered at the top of the wick, and what he should have done is entered on the close of that candle as that would have determined the entry point of where it has definitely cleared the scout line??? He could have still made some pips then right?
I do not agree with your conclusion. Waiting until the candle closes would indicated that PA was totally not up anymore or at least not convincing enough. If he entered at close, he could make, like +7 pips, so not very profitable trade.
  • #13,494
  • Apr 6, 2011 4:07pm Apr 6, 2011 4:07pm
Quoting blackqn
To learn more about 3T and BO I was looking for kind of application which may present historycal data in the same way we see RT data, but with speed set by user. Found none so far. It is odd that MT4 has no such ability, a kind of manual strategy tester...
Hi, have you seen this one:
Testing Visualization: Manual Trading

It's quite good for testing, however it works in Visual Test (replay) mode with all its limitations: one TF and one pair per test. But for the 3 Tap H4 testing it should be OK.
  • #13,495
  • Apr 6, 2011 7:43pm Apr 6, 2011 7:43pm
Quoting blackqn
To learn more about 3T and BO I was looking for kind of application which may present historycal data in the same way we see RT data, but with speed set by user. Found none so far. It is odd that MT4 has no such ability, a kind of manual strategy tester...
I recommend this program FOREX TESTER

Sure you can use MT 4 and step forward with F12 or whatever, but you can't place any trades and see what you really decided to do when you saw the price action.

Anyway, plenty of video on Youtube, make up your own mind, I'm not selling it
Canadian by birth Australian by choice
  • #13,496
  • Apr 6, 2011 8:41pm Apr 6, 2011 8:41pm
There are several pairs that look much alike. Here's the first one.
Attached Image
  • #13,497
  • Apr 6, 2011 8:42pm Apr 6, 2011 8:42pm
The second one....
Attached Image
  • #13,498
  • Apr 6, 2011 8:43pm Apr 6, 2011 8:43pm
The third one.
Attached Image
  • #13,499
  • Apr 6, 2011 8:57pm Apr 6, 2011 8:57pm
Don't know what is happening here, but worth a watch!
Attached Image
  • #13,500
  • Apr 6, 2011 9:01pm Apr 6, 2011 9:01pm
All spiked last hour..

Wow..page 900, I didn't notice that..cool.
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