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Trade What You See - Almost Naked Trading

  • #13,501
  • Apr 6, 2011 9:14pm Apr 6, 2011 9:14pm
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  • #13,502
  • Apr 6, 2011 9:14pm Apr 6, 2011 9:14pm
Has the Eu reached it's peak?
  • #13,503
  • Apr 6, 2011 9:40pm Apr 6, 2011 9:40pm
Quoting Fitness09
Has the Eu reached it's peak?
Maybe to the 4420 level, but who knows...
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  • #13,504
  • Apr 6, 2011 10:24pm Apr 6, 2011 10:24pm
LG, do you think your methods would work on anything that can be traded and has a chart, or do you think it works best with Forex and metals?
  • #13,505
  • Apr 6, 2011 10:34pm Apr 6, 2011 10:34pm
Quoting Fitness09
LG, do you think your methods would work on anything that can be traded and has a chart, or do you think it works best with Forex and metals?
Good question..it can work on anything that can be traded and has a chart.
  • #13,506
  • Apr 6, 2011 10:37pm Apr 6, 2011 10:37pm
LG, do you think this second line drawn below is a valid scout line?
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  • #13,507
  • Apr 6, 2011 11:27pm Apr 6, 2011 11:27pm
Has the EJ hit it's peak?
  • #13,508
  • Apr 7, 2011 12:15am Apr 7, 2011 12:15am
Quoting jdcompute
LG, do you think this second line drawn below is a valid scout line?
I can't tell much from your chart..where are your H1 4C range lines drawn? This was a good BO though.
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  • #13,509
  • Apr 7, 2011 12:21am Apr 7, 2011 12:21am
Chart
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  • #13,510
  • Apr 7, 2011 12:22am Apr 7, 2011 12:22am
Chart
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  • #13,511
  • Apr 7, 2011 12:50am Apr 7, 2011 12:50am
Quoting GhostMcFly
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.
Quoting TheSnowman
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
Thanks, I'll check these.
Time matters most
  • #13,512
  • Apr 7, 2011 1:50am Apr 7, 2011 1:50am
Quoting lawgirl21
I can't tell much from your chart..where are your H1 4C range lines drawn? This was a good BO though.
I was using the 4C range for your broker's start. I trade your's and mine as well :-)
  • #13,513
  • Apr 7, 2011 2:59am Apr 7, 2011 2:59am
Quoting blackqn
Thanks, I'll check these.
Thanks. I will test these also.
  • #13,514
  • Apr 7, 2011 3:31am Apr 7, 2011 3:31am
Quoting KillerAntz
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.
I see, you are right, +7 is not a profitable trade...hmmmm i was at work till late looking at all the breakouts and where i would have entered, i'll post some charts up in a bit, and you can advise if my entry points are correct.

thank you
  • #13,515
  • Apr 7, 2011 4:01am Apr 7, 2011 4:01am
Hi Everyone,

I just wanted to say a BIG THANK YOU to LG and everyone on this thread!!
I have learnt a lot from you!

Although LG's system is very profitable, I've decided to move on to a different trading style that suits my needs at the moment.

I hope that the great thread here will continue to prosper and wish all of you successful trading!

geula4
  • #13,516
  • Apr 7, 2011 4:03am Apr 7, 2011 4:03am
Good morning,

this may be a digression from our trading plan but the article on the anticipated interest hike later today by ECB is worth reading

http://www.forexcrunch.com/buy-the-r...t-ecb-preview/
We trade to live not live to trade................
  • #13,517
  • Apr 7, 2011 4:43am Apr 7, 2011 4:43am
Quoting ovyeh
Good morning,

this may be a digression from our trading plan but the article on the anticipated interest hike later today by ECB is worth reading

http://www.forexcrunch.com/buy-the-r...t-ecb-preview/
Thanks for the link; I think it is worth posted the scenarios right here!

Will it break now? Here are five scenarios:

0.25% hike, unclear message: In this scenario, Trichet hikes the European Minimum Bid Rate by 0.25%, and doesn’t send out a clear message about future moves. This will likely result in a “buy the rumor, sell the fact” outcome, in which the Euro slides, and has a chance of losing the recently conquered level of 1.4282. Probability: high

0.25% hike, clear message about making a series of rate hikes: By keeping the heat up with “Strong vigilance”, the Euro is likely to rise, with a chance of proceeding to the 1.4450 level. Probability: medium

0.25% hike, clear message that this is a one time event: In this case, Trichet returns to the normal tone of “monitoring the situation”, which means no more hikes in the near future. This will likely result in fall of the Euro below 1.4282 and towards support at 1.4030. Probability: medium

0.50% hike: In this scenario, the markets won’t wait for Trichet – the Euro is likely to move higher and can even break above 1.4450. The extent of the move will depend on his words, but this scenario is definitely Euro-bullish. Probability: low

No hike: Some members said that the move isn’t certain, so there’s still a small chance of this happening, although the higher inflation gives it a very small chance. In such a scenario, EUR/USD will lose 1.4030 very fast and Trichet’s words will become meaningless. Probability: very low
Canadian by birth Australian by choice
  • #13,518
  • Apr 7, 2011 7:07am Apr 7, 2011 7:07am
Quoting geula4
Hi Everyone,

I just wanted to say a BIG THANK YOU to LG and everyone on this thread!!
I have learnt a lot from you!

Although LG's system is very profitable, I've decided to move on to a different trading style that suits my needs at the moment.

I hope that the great thread here will continue to prosper and wish all of you successful trading!

geula4
I wish you great success as well. You are most welcome back at any time.
  • #13,519
  • Apr 7, 2011 7:14am Apr 7, 2011 7:14am
Had a nice move down, then retrace, I'm looking for a continuation down after the retrace, which would make it a ZC trade.
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  • #13,520
  • Apr 7, 2011 7:19am Apr 7, 2011 7:19am
This pair has been in a range for hours. The shaded area marks the new probe/scout areas. I would wait for PA to solidly clear those areas either up or down before entry.
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