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Trade What You See - Almost Naked Trading

  • #13,961
  • Apr 15, 2011 12:15am Apr 15, 2011 12:15am
Quoting jasonnevis
Ok I'll make sure I watch the RSI's closely.

What about the exact entry? Considering that each of these pair that you have posted have tapped 3 times... what are we waiting for exactly...price to move in that direction further for confirmation?

Thanks
Yes, and it looks like it is.

Check it out on the daily. You will see that there is a 4C BO on the daily.....as well as a daily 3 Tap.

Also there is consolidation and what appears may be a break down through the support area of the consolidation. There is much confirmation here.

I just entered this trade.
  • #13,962
  • Apr 15, 2011 12:18am Apr 15, 2011 12:18am
Quoting gasservettes
Doing great thanks. Are you still in the GBP/CHF? What a slow ride.
I've been in and out of it several times this week. Was in it on 4/12 and made lots of pips.
  • #13,963
  • Apr 15, 2011 12:24am Apr 15, 2011 12:24am
Quoting jasonnevis
Using this pair as an example. Does this make sense for the entry...is this what you would be looking for?
You could certainly do it that way. I personally don't look for closing below a scout line on 3 Taps because you have to wait 4 hours for a close. Your entry would be very conservative.

I was just looking for a piercing of the support floor to enter.
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  • #13,964
  • Apr 15, 2011 12:53am Apr 15, 2011 12:53am
lawgirl21 how many pairs do u look at?
Trade responsiblypatience is the key/Swing trader
  • #13,965
  • Apr 15, 2011 1:14am Apr 15, 2011 1:14am
Quoting lawgirl21
Yes, and it looks like it is.

Check it out on the daily. You will see that there is a 4C BO on the daily.....as well as a daily 3 Tap.

Also there is consolidation and what appears may be a break down through the support area of the consolidation. There is much confirmation here.

I just entered this trade.
Im in too ...whooo hooo. First 3 tap!

Thanks for the confirmation on how to enter, I think I get it.

Fingers crossed!
  • #13,966
  • Apr 15, 2011 1:22am Apr 15, 2011 1:22am
Quoting lawgirl21
You could certainly do it that way. I personally don't look for closing below a scout line on 3 Taps because you have to wait 4 hours for a close. Your entry would be very conservative.

I was just looking for a piercing of the support floor to enter.
So you would just wait for price to move in the right direction (down in this case) anytime, then enter. Got it. Thanks!!!

Hey, I noticed it was also a BO and could have got a slightly better entry on the 15minute.

I got distracted by someone who came into my office and missed a good entry....darn ...Still in anyways.
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  • #13,967
  • Apr 15, 2011 3:27am Apr 15, 2011 3:27am
If anyone is trading the H1BO method, today might be a bad day right?

I had loss earlier on the pound.

Friday might not be a good day to trade breakouts since most fridays range all the time.
  • #13,968
  • Apr 15, 2011 3:55am Apr 15, 2011 3:55am
i see that naked trading is performing so well until now.
so, the indicators can be considered mis-leading aids!
  • #13,969
  • Edited 4:55am Apr 15, 2011 4:41am | Edited 4:55am
hi lawgirl jus read ur #1 for e 3 tap method e trendline is draw at e tail or top of candle or can draw in e body?

as for the bo method ur 2pm to 6pm is in asian time or 5am tt is start of e market? as lastly got 1 small as my mt4 timing now is1240 how to change to timing to my local time?


thanks
  • #13,970
  • Apr 15, 2011 5:20am Apr 15, 2011 5:20am
I have been trading on Lawgirls method since post one .Its the most profitable strategies in my arsenal. 4c H1 is maybe the most consistent pip earner so far. But the problem with it is that you have to be all the time on the specific chart , just to catch consolidation , and that takes lot of time and nerves. Since i cannot fallow 22 pairs on the same time , i have asked Steve Hopwood(forex factory living legend ) to make some ea which will monitor pair for the trader. So here it is and i hope that will help you guys in trading .
There are only 3 inputs :
1. Select the pairs to monitor
2.Max range pips -enter for example 25 pips, and everything below that will be shown on chart.
3.Candles look back-default is 4
Cheers
Attached File(s)
File Type: mq4 Breakout-Consolidation.mq4   7 KB | 714 downloads
Help to be helped.
  • #13,971
  • Apr 15, 2011 6:40am Apr 15, 2011 6:40am
you da man Lazar
  • #13,972
  • Apr 15, 2011 7:04am Apr 15, 2011 7:04am
Morning, people, few more consolidations to watch for... this one on H4
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  • #13,973
  • Apr 15, 2011 7:04am Apr 15, 2011 7:04am
Quoting Lazar83
I have been trading on Lawgirls method since post one .Its the most profitable strategies in my arsenal. 4c H1 is maybe the most consistent pip earner so far. But the problem with it is that you have to be all the time on the specific chart , just to catch consolidation , and that takes lot of time and nerves. Since i cannot fallow 22 pairs on the same time , i have asked Steve Hopwood(forex factory living legend ) to make some ea which will monitor pair for the trader. So here it is and i hope that will help you guys in trading .
There are only...

Thanks for your efforts.

If well installed does it make trades on its on?
We trade to live not live to trade................
  • #13,974
  • Apr 15, 2011 7:05am Apr 15, 2011 7:05am
This one still on 1H consolidation..
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  • #13,975
  • Apr 15, 2011 7:13am Apr 15, 2011 7:13am
I hope someone rode this beautiful escalator... I know LG did...
Now at daily resistence, see if it pops thru or bounces back...
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  • #13,976
  • Apr 15, 2011 8:22am Apr 15, 2011 8:22am
Quoting lawgirl21
3 Tap set up. It is so close to the H4 candle change, I am going to wait to see what happens with the next candle befoe entering.
Next candle did continue down. About a 100 pip move from there.
  • #13,977
  • Apr 15, 2011 8:23am Apr 15, 2011 8:23am
Chart
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  • #13,978
  • Apr 15, 2011 8:28am Apr 15, 2011 8:28am
Quoting Incrediblle
lawgirl21 how many pairs do u look at?
I look at most of the pairs my broker displays...about 22.
  • #13,979
  • Apr 15, 2011 8:31am Apr 15, 2011 8:31am
Quoting ovyeh
Thanks for your efforts.

If well installed does it make trades on its on?
no , i didnt ask steve to program that because i dont know which logic to apply , and how to filter false breakouts...so its best to be used only as a signal for possible BO !
Help to be helped.
  • #13,980
  • Apr 15, 2011 8:32am Apr 15, 2011 8:32am
...which I thought was the best trade of the night last night is struggling. Just goes to show ya...
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