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Trade What You See - Almost Naked Trading

  • #13,801
  • Apr 12, 2011 9:22am Apr 12, 2011 9:22am
Quoting dct
How about taking the first four days of the new month for the four candle break out ?
Excellent idea! Let's manually backtest it. I like this very much and like how you think. We'll stay in winning positions until they turn on us and add to the position every 50-100 pips. Thanks doc.
  • #13,802
  • Apr 12, 2011 9:26am Apr 12, 2011 9:26am
cad/jpy is now a good BO
  • #13,803
  • Apr 12, 2011 9:27am Apr 12, 2011 9:27am
Quoting lawgirl21
I'm in it short. Up 70 pips, but you are right it has stalled and now doesnt know what it wants to do.
thats excellent positioning Lg , i have closed early in the morning sell on gbjpu for 50 pips of profit ...and now as it looks like , its going down again ...
Help to be helped.
  • #13,804
  • Apr 12, 2011 9:34am Apr 12, 2011 9:34am
Looks like our daily line box indy is not going to work on the daily chart..bummer...
  • #13,805
  • Apr 12, 2011 9:40am Apr 12, 2011 9:40am
Channel trade on daily
Attached Image
  • #13,806
  • Apr 12, 2011 9:43am Apr 12, 2011 9:43am
Daily channel trade and BO. I have two short positions.
Attached Image (click to enlarge)
Click to Enlarge Name: sun.gif Size: 16 KB
  • #13,807
  • Apr 12, 2011 9:44am Apr 12, 2011 9:44am
Ive just done it manually over 25 pairs and the breakouts seem to confirm 3 taps on 4h some nice breaks
  • #13,808
  • Apr 12, 2011 9:50am Apr 12, 2011 9:50am
Quoting dct
Ive just done it manually over 25 pairs and the breakouts seem to confirm 3 taps on 4h some nice breaks
Yes, I am seeing that too. Double and triple confirmation often. And channel trades and probably ZCs. Very exciting stuff...
  • #13,809
  • Apr 12, 2011 10:09am Apr 12, 2011 10:09am
Quoting lawgirl21
Excellent idea! Let's manually backtest it. I like this very much and like how you think. We'll stay in winning positions until they turn on us and add to the position every 50-100 pips. Thanks doc.
I didnt get it. Do you mean the whole range of the first four days?
  • #13,810
  • Apr 12, 2011 10:11am Apr 12, 2011 10:11am
yes first four days of the month just as you would the first four hours of the day
  • #13,811
  • Apr 12, 2011 10:13am Apr 12, 2011 10:13am
Quoting Whistlepips
I didnt get it. Do you mean the whole range of the first four days?
Nothing really changes, just our measure.
  • #13,812
  • Apr 12, 2011 10:15am Apr 12, 2011 10:15am
Quoting lawgirl21
Nothing really changes, just our measure.
I see. Have to check this out. Interesting. Thanks
  • #13,813
  • Apr 12, 2011 10:20am Apr 12, 2011 10:20am
A daily channel trade, also a H1 4C BO trade.
Attached Image (click to enlarge)
Click to Enlarge Name: sun.gif Size: 16 KB
  • #13,814
  • Apr 12, 2011 10:49am Apr 12, 2011 10:49am
could make some very nice channel trades
  • #13,815
  • Apr 12, 2011 10:58am Apr 12, 2011 10:58am
Quoting dct
could make some very nice channel trades
Yes, and I believe channel trades on a daily basis would have more momentum and overall value. I am moving to the H1 chart to look for continued direction within the channel and also want the weekly RSI in my favor.
  • #13,816
  • Apr 12, 2011 10:59am Apr 12, 2011 10:59am
Must get ready for work. What an exciting morning!
  • #13,817
  • Apr 12, 2011 11:02am Apr 12, 2011 11:02am
very exciting !

have a good day
  • #13,818
  • Apr 12, 2011 11:03am Apr 12, 2011 11:03am
Ran a Fib o nthe EU 1H and it stalled out between the 32 and 50 levels, and just on the support line 4453. Lets see what happens.
  • #13,819
  • Apr 12, 2011 11:18am Apr 12, 2011 11:18am
Quoting lawgirl21
Continuing up after all the shorts were taken out.
Hi Everyone,

I am having difficulties understanding what do you guys mean by clearing the scout / wick line? And how do you guys define the scout line? If i am not mistaken, when price breaks the BO box, switch to 15min and look for confirmation from RSI or PA.

As for example, i have attached the euro chart as of today. I was following LG's timezone and using the exact template.

RSi was down. I supposed it was a sell for euro. Did you guys take this trade or i did something wrong here? Would appreciate if someone can explain to me if this is a valid trade or i did something wrong here.

Thanks!

http://www.forexfactory.com/attachme...1&d=1302624990
Attached Image (click to enlarge)
Click to Enlarge Name: lg euro.jpg Size: 112 KB
  • #13,820
  • Apr 12, 2011 11:51am Apr 12, 2011 11:51am
Confusing. Almost all the aussies have some kind of 3 tappish formations arousing, but opposite directions. What´s this?
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