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Trade What You See - Almost Naked Trading

  • #13,841
  • Apr 12, 2011 8:47pm Apr 12, 2011 8:47pm
Quoting Anthar
Are you considering that orange line you got there as a support area? I can see some reaction of PA to that area in the past, as a resistance that might have turned to support right?
Yes, possibly. Those 2 orange lines are marking the R/S lines of the first four days of the month...just like we do with H1 4C BOs. So, technically it is a support line. I wish......I would be very happy with that.
  • #13,842
  • Apr 12, 2011 8:55pm Apr 12, 2011 8:55pm
Quoting lawgirl21
Yes, possibly. Those 2 orange lines are marking the R/S lines of the first four days of the month...just like we do with H1 4C BOs. So, technically it is a support line. I wish......I would be very happy with that.
Yes, this is an interesting approach of BO's, I'mma try it too.
My best wishes for your trade. The important thing is you'll win something no matter the outcome in pips (positive pips expected anyway, lol)
Flp. 4:13
  • #13,843
  • Apr 12, 2011 9:08pm Apr 12, 2011 9:08pm
Quoting Anthar
Yes, this is an interesting approach of BO's, I'mma try it too.
My best wishes for your trade. The important thing is you'll win something no matter the outcome in pips (positive pips expected anyway, lol)
Thanks Anthar. It seems as though I may have ridden the DD out. Positive now.
  • #13,844
  • Apr 12, 2011 9:12pm Apr 12, 2011 9:12pm
Good evening all. Short GU 1Hr BO. Slow tonight compared to last night.
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  • #13,845
  • Apr 12, 2011 9:13pm Apr 12, 2011 9:13pm
Little evening channeling here...
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  • #13,846
  • Apr 12, 2011 9:52pm Apr 12, 2011 9:52pm
Quoting TheDirtySerb
Good evening all. Short GU 1Hr BO. Slow tonight compared to last night.
Well as the great Teddy KGB (John Malkovich) would say in the movie Rounders "You trick me". Appears I should have utilized the scout line ey?
  • #13,847
  • Apr 12, 2011 10:09pm Apr 12, 2011 10:09pm
I'm not seeing any good set ups, so I am signing off until tomorrow morning. Good trading everyone...
  • #13,848
  • Apr 12, 2011 10:11pm Apr 12, 2011 10:11pm
Quoting TheDirtySerb
Well as the great Teddy KGB (John Malkovich) would say in the movie Rounders "You trick me". Appears I should have utilized the scout line ey?

Scout line is a crucial. I had that 'kid' mentality today and thought I could bypass the system. Took a nice hit jumping in too soon on what I thought was a BO earlier today. Lesson learned.

edit: Also, want to throw out kudos to LG and Anthar, amoung others, for this great thread. I'm learning a lot. Cheers.
  • #13,849
  • Apr 12, 2011 10:31pm Apr 12, 2011 10:31pm
Tonight is pretty boring. I'm going to bed so I don't get myself in trouble by jumping in to a trade. See ya'll tomorrow.
  • #13,850
  • Apr 13, 2011 2:02am Apr 13, 2011 2:02am
hi everyone,

i am in buy aud/usd. If i am not mistaken, the price breaks out H1 box and cleared the scout line? (If there is any of course, still having trouble to identify the scout/wick line)

Anybody else in this trade?

I noticed there were seldom losing trades in this thread. Are you guys always in the green?

Would appreciate if someone can post losing trades as well.

Thanks!
  • #13,851
  • Apr 13, 2011 2:13am Apr 13, 2011 2:13am
Quoting keikor
hi everyone,

i am in buy aud/usd. If i am not mistaken, the price breaks out H1 box and cleared the scout line? (If there is any of course, still having trouble to identify the scout/wick line)

Anybody else in this trade?

I noticed there were seldom losing trades in this thread. Are you guys always in the green?

Would appreciate if someone can post losing trades as well.

Thanks!
I am in this trade as well. let see how it works.
  • #13,852
  • Apr 13, 2011 5:45am Apr 13, 2011 5:45am
Quoting keikor
hi everyone,

i am in buy aud/usd. If i am not mistaken, the price breaks out H1 box and cleared the scout line? (If there is any of course, still having trouble to identify the scout/wick line)

Anybody else in this trade?

I noticed there were seldom losing trades in this thread. Are you guys always in the green?

Would appreciate if someone can post losing trades as well.

Thanks!

There are losing trades, but it is imprtant to be more often on wining side and these strategies seem to work that way...
Time matters most
  • #13,853
  • Apr 13, 2011 5:50am Apr 13, 2011 5:50am
Right it should be at least 60 % of winning trades if we dont want to use martingale in our money management
  • #13,854
  • Apr 13, 2011 6:13am Apr 13, 2011 6:13am
I can backtest BO on H4 candles (first four in a week) during weekend. Is anyone who can do the same for D1 candles and first four candles of the month or four candles of clear daily consolidation? I think it may be interestiong to see and compare some results.

I think I'll do test for one-two pairs (UER/USD and GBPJPY), more people - more pairs to backtest and more results to analyse. What do you think about this small "weekend activity"? Any volountiers to help-out?
Time matters most
  • #13,855
  • Apr 13, 2011 6:15am Apr 13, 2011 6:15am
Quoting xsuchyx
Right it should be at least 60 % of winning trades if we dont want to use martingale in our money management
I think that someone posted something about over 70% of wins using this method, I can't recall who it was...
Time matters most
  • #13,856
  • Apr 13, 2011 6:23am Apr 13, 2011 6:23am
Quoting keikor
hi everyone,

i am in buy aud/usd. If i am not mistaken, the price breaks out H1 box and cleared the scout line? (If there is any of course, still having trouble to identify the scout/wick line)

Anybody else in this trade?

I noticed there were seldom losing trades in this thread. Are you guys always in the green?

Would appreciate if someone can post losing trades as well.
Thanks!
On AUDUSD wick line did clear yesterday so I also entered the trade, trade is still open long +6 pips atm. My SL is at 1.0416
  • #13,857
  • Apr 13, 2011 6:42am Apr 13, 2011 6:42am
Quoting blackqn
I can backtest BO on H4 candles (first four in a week) during weekend. Is anyone who can do the same for D1 candles and first four candles of the month or four candles of clear daily consolidation? I think it may be interestiong to see and compare some results.

I think I'll do test for one-two pairs (UER/USD and GBPJPY), more people - more pairs to backtest and more results to analyse. What do you think about this small "weekend activity"? Any volountiers to help-out?
I could do some daily testing. Also interested in that channel trading approach. I might take GBP/USD and EUR/GBP. Should we change ideas about the contents of testing also. A testing plan of a kind? It would be easier to compare the results? Trigger of a trade, how long sample, etc.
  • #13,858
  • Apr 13, 2011 7:13am Apr 13, 2011 7:13am
Quoting Whistlepips
I could do some daily testing. Also interested in that channel trading approach. I might take GBP/USD and EUR/GBP. Should we change ideas about the contents of testing also. A testing plan of a kind? It would be easier to compare the results? Trigger of a trade, how long sample, etc.
I think that we must first find volountiers then agree conditions of test (TF, pair, range of dates, etc.). For now there are two:

1) Whistlepips
2) Blackqn

Details we can agree tomorrow, I hope we will collect more hands till then. All ideas are welcome.
Time matters most
  • #13,859
  • Apr 13, 2011 7:31am Apr 13, 2011 7:31am
Anyone else watching EURAUD H1 BO? If it clears 1.3796 area looks like valid trigger to me.
  • #13,860
  • Apr 13, 2011 8:05am Apr 13, 2011 8:05am
Had a nice BO, then consolidation, now may be moving up again.
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