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Trade What You See - Almost Naked Trading

  • #13,901
  • Apr 14, 2011 3:35am Apr 14, 2011 3:35am
Quoting lawgirl21
Looks like another slow night for H1 4C BOs.
On your version 1.3v indi, what is the setting for alert when? it is set at 4 what is 1 thru 3?.................by the way I have been back testing this and have 92% success ratio off the 4 hr from the last 3 months, went live last week and right now have 96% off the daily and 4hr tf
  • #13,902
  • Apr 14, 2011 4:14am Apr 14, 2011 4:14am
Some thoughts.Chart pattern simularities happen in all time frames.Difference-risk/reward.This 1hr breakout set up is simple,proven and effective.To add other time frames and create setups will add confusion.To those who are consistent and need an edge, Up your lot size.That`ll put salsa on your taco!
My two cents
The Crazy Canuck
  • #13,903
  • Apr 14, 2011 4:43am Apr 14, 2011 4:43am
Quoting pydpipper
Some thoughts.Chart pattern simularities happen in all time frames.Difference-risk/reward.This 1hr breakout set up is simple,proven and effective.To add other time frames and create setups will add confusion.To those who are consistent and need an edge, Up your lot size.That`ll put salsa on your taco!
My two cents
The Crazy Canuck
I could not agree more, stick to a specific TF and master it the more TF you try to use the more confuded you will get. for me I use H1 90% and H4 thru D1 for S/R and direction, and then use the 15 for entry. I have seen alot of newbies use the lower TF and blow thier accounts time and time again.................as LG keeps saying this takes patience ............
  • #13,904
  • Apr 14, 2011 5:11am Apr 14, 2011 5:11am
Quoting pydpipper
Some thoughts.Chart pattern simularities happen in all time frames.Difference-risk/reward.This 1hr breakout set up is simple,proven and effective.To add other time frames and create setups will add confusion.To those who are consistent and need an edge, Up your lot size.That`ll put salsa on your taco!
My two cents
The Crazy Canuck
I think it is still with thread's spirit. Don't we look for possible mprovements or variations of this method? Anybody finds what suits him/her best. Lower TF probably comes with lower risk, however requires more often control and transactions while higher TF requires more patience but may offer hopefuly higher profits and require less monitoring. Think about daily channel trading confirmed by H1 BO. I see it has sense and it may help to improve our trading. What wrong if we will find it working for higher TFs and we will update 1st page with that? More flexibility I would say, hovewer framework remains unchanged.
Time matters most
  • #13,905
  • Apr 14, 2011 6:30am Apr 14, 2011 6:30am
Guys, I don't have any problems with testing higher TFs, daily, weekly, even monthly and discussing outcomes on the thread...after all, I started the conversation and am doing the same. However, if all kinds of indicators start appearing and the the integrity of a very solid system is threatened, I would ask that you start a new thread or take it private.
Rebecca
  • #13,906
  • Apr 14, 2011 6:44am Apr 14, 2011 6:44am
A Nice BO..now in a retrace and hopefully back down for a ZC trade finally. I am really seeing the power of the Weekly RSI with my trades.
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  • #13,907
  • Apr 14, 2011 6:46am Apr 14, 2011 6:46am
Same here, but a weak weekly RSI
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  • #13,908
  • Apr 14, 2011 6:48am Apr 14, 2011 6:48am
The same here.
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  • #13,909
  • Apr 14, 2011 6:52am Apr 14, 2011 6:52am
Quoting lawgirl21
A Nice BO..now in a retrace and hopefully back down for a ZC trade finally. I am really seeing the power of the Weekly RSI with my trades.
As seen on a daily chart...a channel trade. +80 pips
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  • #13,910
  • Apr 14, 2011 6:55am Apr 14, 2011 6:55am
Quoting lawgirl21
The same here.
As seen on the daily chart..channel trade that may become a BO. +55 pips
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  • #13,911
  • Apr 14, 2011 6:57am Apr 14, 2011 6:57am
Quoting vinnie_roe
Hi lawgirl21

Great thread

Thank you for sharing. Really appreciate that you are one of those rare individuals that'd help out whereever they can
Thanks for your kind words, vr. Glad you are here.
  • #13,912
  • Apr 14, 2011 7:09am Apr 14, 2011 7:09am
Quoting fiveoranges
Hi Lawgirl,

I have returned from a hiatus from Forex trading and have developed an interest in your method of trading.

I see that you managed to ride out 150 pips in your recent EUR/JPY trade.

As stated in page 1 "Enter from the M15 chart, when at least one candle has completely cleared the R/S line in the desired direction. The entry takes discretion, as the quality of the candles is important to observe." I remain puzzled at the statement.

Can you please advise me how it applies to, say that particular EUR/JPY trade, in determining the...
The M15 entry applies to the H1 4C BO..think logically...would you use a M15 entry on a daily chart? I would not, although maybe some traders might. 15 minutes is virtually meaningless and totally obscured on a daily chart. You have posted a channel trade, not a BO trade.
  • #13,913
  • Apr 14, 2011 8:19am Apr 14, 2011 8:19am
Quoting lawgirl21
The M15 entry applies to the H1 4C BO..think logically...would you use a M15 entry on a daily chart? I would not, although maybe some traders might. 15 minutes is virtually meaningless and totally obscured on a daily chart. You have posted a channel trade, not a BO trade.
time frame for entries are best when they are a quarter of your original time frame trade e.g. if you trade 1hr or 60 mins best entries time frame is 60/4= 15mins, for 4hrs or 240mins entry 240/4=60 mins and for daily 4hrs may be most appropriate as 1440/4=360mins or 6hrs time frame is rare
We trade to live not live to trade................
  • #13,914
  • Apr 14, 2011 8:39am Apr 14, 2011 8:39am
Quoting ovyeh
time frame for entries are best when they are a quarter of your original time frame trade e.g. if you trade 1hr or 60 mins best entries time frame is 60/4= 15mins, for 4hrs or 240mins entry 240/4=60 mins and for daily 4hrs may be most appropriate as 1440/4=360mins or 6hrs time frame is rare
Yes, I like your formula.
  • #13,915
  • Apr 14, 2011 10:04am Apr 14, 2011 10:04am
H4 3T setting up?
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  • #13,916
  • Apr 14, 2011 10:11am Apr 14, 2011 10:11am
I'm in @ 86.797
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  • #13,917
  • Apr 14, 2011 10:39am Apr 14, 2011 10:39am
Quoting blackqn
I think that we shall focus on consolidations since there are some new ideas regarding breakouts on H4 and D1 TFs. That way we don't mix 3T with BO. What do you think? Does it make sense?
Acording to previous discussions there seems to be a lot of 3 taps in daily BO´s and I thought that it would be nice to see how often they are the same thing. It could be pretty easy to check this also during testing? How do you think we should document our results? Maybe some excel sheet, etc? A demo-test might help us to get the picture so that we could do the testing in a similar manner?

Just some thoughts which has aroused to me while thinking about this. What do you guys think?
  • #13,918
  • Apr 14, 2011 10:44am Apr 14, 2011 10:44am
lawgirl its been a long time u are running this thread,most trader just come and go,but u have stick for very long time,congratulation for your victory.

subscribing this thread.
Trade responsiblypatience is the key/Swing trader
  • #13,919
  • Apr 14, 2011 10:45am Apr 14, 2011 10:45am
I have two question

1.have u changed any rules of your trading from the first post?

2.can u please post the recent indicators u are using.
Trade responsiblypatience is the key/Swing trader
  • #13,920
  • Apr 14, 2011 11:07am Apr 14, 2011 11:07am
Quoting blackqn
Proposal is as follows:

1) Platform MT4 equipped with Those scripts, RSI(3) and CustomCandle indi, and RSI arrows indi...
I like it as it is and will give my opinion on the final matters you stated:
1. I think we should just look for potential TP and SL in this round at least. We might improve and refine the research in a future round.
2. Results must be presented in PIPS.
3. As someone, I think Whistle, said we should take note on all existent levels of TP, this requieres personal discretion and may vary, but we can't avoid that and we know it.
4. Way to present results could be an excel sheet with the fields:
date, price and time of entry, SL, TP1 and TP2 if exists, time of exit.
I might prefer to keep it simple but important things might be escaping from my thought. Please add to this.

Also, I think it's very important to keep discussion on this outside the thread so we don't use too much space in it. I'm willing to handle it on PM, mail or whatever, and in the end present results to eveyone in the thread. What do you guys think?
Flp. 4:13
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