Trade What You See - Almost Naked Trading | Page 686 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking on a naked chart, can you pick the best strategy? 32 replies

How do you see trading - Do you see it as a means to an end? 12 replies

Can you tell with naked eyes? 151 replies

Bow's trading journal 2 (almost naked trading on m5) 26 replies

Trading as naked as you can get 0 replies

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

Trade What You See - Almost Naked Trading

  • #13,701
  • Apr 11, 2011 2:53pm Apr 11, 2011 2:53pm
Hi all.

Anybody else see a valid 3T setupn EUR/JPY?

Zaq.
  • #13,702
  • Apr 11, 2011 2:57pm Apr 11, 2011 2:57pm
Check the rsi`s on the d-w there not in the same direction as the 4 h
  • #13,703
  • Apr 11, 2011 2:58pm Apr 11, 2011 2:58pm
sorry yes they are !!
  • #13,704
  • Apr 11, 2011 2:59pm Apr 11, 2011 2:59pm
I agree,

Weekly, Daily, 4hr RSI all down??!
  • #13,705
  • Apr 11, 2011 3:02pm Apr 11, 2011 3:02pm
Quoting zaqzaq
Hi all.

Anybody else see a valid 3T setupn EUR/JPY?

Zaq.
The trend with E/J has been pointing upwards during the last couple of weeks. This turn it has made now could just be a correcting move. I took one just like this last week and ended up into misery.... So I would be cautious. If it is a correction, which it probably is, it wouldnīt be going downwards for very long. Time will tell.
  • #13,706
  • Apr 11, 2011 3:05pm Apr 11, 2011 3:05pm
Quoting Whistlepips
The trend with E/J has been pointing upwards during the last couple of weeks. This turn it has made now could just be a correcting move. I took one just like this last week and ended up into misery.... So I would be cautious. If it is a correction, which it probably is, it wouldnīt be going downwards for very long. Time will tell.
I agree, and also, be careful w/3taps on Monday/Tuesdays, as it's very early in the week... Lots of discussion on this in past few pages.
With that said, I did take AUDCAD 3 tap today, but it had 1 H BO also AND also a double top - possible further confirmation of turnaround
  • #13,707
  • Apr 11, 2011 3:08pm Apr 11, 2011 3:08pm
Fair point Whistle,
As a matter of intrest how long would you be looking tin the trading week to jump in on one of these 4Hr 3 tap trades as I guess the same can be said for most 4 HR 3T trades at the beginning of the week?
Thanks for your reply.
Zaq.
  • #13,708
  • Apr 11, 2011 3:15pm Apr 11, 2011 3:15pm
Ok Thanks, Guys.
  • #13,709
  • Apr 11, 2011 3:19pm Apr 11, 2011 3:19pm
Quoting zaqzaq
Fair point Whistle,
As a matter of intrest how long would you be looking tin the trading week to jump in on one of these 4Hr 3 tap trades as I guess the same can be said for most 4 HR 3T trades at the beginning of the week?
Thanks for your reply.
Zaq.
Probably it may go a bit down and then it may touch TL and continuwe upwards, may...

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_h4_20110411.gif Size: 22 KB
Time matters most
  • #13,710
  • Apr 11, 2011 3:26pm Apr 11, 2011 3:26pm
Quoting pippete
Started moving now, looking good... up +17
Out with 27pips
Time matters most
  • #13,711
  • Apr 11, 2011 3:27pm Apr 11, 2011 3:27pm
Quoting blackqn
I did it, after passage of 1.3082 area, however it is now standing with some minus pips... I'm looking PA for further decisions.
Out with -7,5pips
Time matters most
  • #13,712
  • Apr 11, 2011 3:28pm Apr 11, 2011 3:28pm
Quoting zaqzaq
Fair point Whistle,
As a matter of intrest how long would you be looking tin the trading week to jump in on one of these 4Hr 3 tap trades as I guess the same can be said for most 4 HR 3T trades at the beginning of the week?
Thanks for your reply.
Zaq.
Im not sure theres a clear answer to your guestion. Check out Anthars explanation on page 895. I think that it is really good. Enclosed is a part of it, especially the first point on going to the direction of the major trend has really helped me with 3 taps lately (and of course all the explanations of LG). Can you predict has thereīs been a turn in the major trend? Maybe you can and maybe you canīt

1. Go with the mayor trend, (this seems obvious as we look for confirmation on RSI and this mark the trend, but as you'll see in the chart below first days of month/week may give a different look on the RSI and the actual trend)
2. Once I found a setup I like to switch to H1 and look for an entry here (PA in the direction of my trade, just a personal preference)
3. Observe PA closely in case trade went right on against me and not rush into assuming losses if I don't see any clear signs of reversal on the actual trend.

Now I have to go and get some sleep..... good night.
  • #13,713
  • Apr 11, 2011 3:39pm Apr 11, 2011 3:39pm
Will look it up,
Thanks again.
  • #13,714
  • Apr 11, 2011 3:42pm Apr 11, 2011 3:42pm
Quoting blackqn
Out with 27pips
Good job! My TP is a little lower, right around 1.0006. We'll see...
  • #13,715
  • Apr 11, 2011 3:59pm Apr 11, 2011 3:59pm
Hmmm...appears that you got enough answers on this already.

IMHO...there is a valid H4-3T on either side of the EJ.
To my knowledge there's no rule that it has to be a diagonal trendline.
If you draw a horizontal line under the last three H4 bars...there's your lower 3T.
A chart of the upper 3T has already been posted and the risk discussed.

The RSI's are rocking back and forth...at this time there appears to be no clear direction from the RSI's.

Quoting zaqzaq
Hi all.

Anybody else see a valid 3T setupn EUR/JPY?

Zaq.
Listen to the whispers.... You may learn something
  • #13,716
  • Apr 11, 2011 3:59pm Apr 11, 2011 3:59pm
Quoting Whistlepips
What about this one?
Well, this was a great one for sure.

josch
trading is war - life is simple
  • #13,717
  • Apr 11, 2011 4:05pm Apr 11, 2011 4:05pm
Quoting zaqzaq
Fair point Whistle,
As a matter of intrest how long would you be looking tin the trading week to jump in on one of these 4Hr 3 tap trades as I guess the same can be said for most 4 HR 3T trades at the beginning of the week?
Thanks for your reply.
Zaq.
Hi zaq, look at this chart, I hope it explains some of my ideas on this particular 3T theme. I think a good 3T can be found any day of the week, but I would be careful to enter short if last week PA marked an upward TL, and vice versa... In the chart I actually traded short where the little red arrow is placed, just a short term trade, so you can trade in the oposite direction of a trend because all that matters is what PA is doing now and there's nothing that guarantees PA HAS to do this or that or to go with the actual trend, so TL might just give you a clue to tilt the balance a little in our favor, and that's how we should use it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFflags.jpg Size: 158 KB
Flp. 4:13
  • #13,718
  • Apr 11, 2011 4:07pm Apr 11, 2011 4:07pm
Quoting Scrutch
... To my knowledge there's no rule that it has to be a diagonal trendline. If you draw a horizontal line under the last three H4 bars...there's your lower 3T. ...
Scrutch,

you are right ... only, I'd describe the horizontal version as a BO.

josch
trading is war - life is simple
  • #13,719
  • Apr 11, 2011 4:23pm Apr 11, 2011 4:23pm
Eurgbp - 3.6pips
audchf + 13.2pips
audusd + 24.3pips
eurchf + 14.7pips
gbpchf + 33pips total today 81.6

some from gap the rest from 1hr bo
  • #13,720
  • Apr 11, 2011 4:36pm Apr 11, 2011 4:36pm
Quoting royalbowhunt
Eurgbp - 3.6pips
audchf + 13.2pips
audusd + 24.3pips
eurchf + 14.7pips
gbpchf + 33pips total today 81.6

some from gap the rest from 1hr bo
nice result taking into account that we have first day of the week
Time matters most
1 trader viewing now