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Trade What You See - Almost Naked Trading

  • #14,041
  • Apr 18, 2011 9:23am Apr 18, 2011 9:23am
Quoting Antny
Hello Lawgirl,
What is the indicator you have for the breakout, with the rsi for confirmation?
Thank you Antny
First page first post Antny.
  • #14,042
  • Apr 18, 2011 9:28am Apr 18, 2011 9:28am
Quoting noobguy
First page first post Antny.
Thank you noobguy.
  • #14,043
  • Apr 18, 2011 9:35am Apr 18, 2011 9:35am
H4-4T and RSI's confirmed
H1-4C-BO...after a mini Z
PA is testing H4 support at the moment...
Attached Image (click to enlarge)
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Listen to the whispers.... You may learn something
  • #14,044
  • Apr 18, 2011 9:47am Apr 18, 2011 9:47am
Quoting Scrutch
H4-4T and RSI's confirmed
H1-4C-BO...after a mini Z
PA is testing H4 support at the moment...
Hi Scrutch,

Is there any particular sequence you do when you first start your trading day? ie.

1) look for 3T 4H, when you don't find any move on to next method,

2) 1H 4CBO when there aren't any settups or trigger move on to next,

3) Z.C.

?
Thank you.
  • #14,045
  • Apr 18, 2011 9:54am Apr 18, 2011 9:54am
Quoting lawgirl21
I am really liking them too. We just have to have a little more patience.
+ 200 pips today so far
  • #14,046
  • Apr 18, 2011 10:17am Apr 18, 2011 10:17am
NuB...The first thing I look for is the strength of the currency.
This morning all the jpy's were going down...
The jpy is the quote currency so when it's down that shows strength.
The same with the us$ this morning...where it's the quote, it's down and where it's the base (leading) currency, it's up...showing strength.
The cad is not showing much strength this morning so I'm going to try and find a quickie for a few pips on the H1 charts.

After that it's a bit hard for me to explain...
"Usually", what I watch is the H1 chart for BO's, either H1-4C-BO or a congestion BO.
I can visualize the H4-3T on a H1 chart so I don't often go there...only to draw a snapped trendline to verify the taps.
I watch PA to see what the "probes" are telling me on the lower time frames.
IF...I see a minor retracement against the direction of the move...I'm watching that very close...along with the recent "probes" (wicks).

I've taken 50% profit on the CJ move and moved my SL to BE+.
I may or may not let it trigger...PA is in retracement mode at the moment so that has my attention.

Quoting noobguy
Hi Scrutch,
Is there any particular sequence you do when you first start your trading day? ie.
1) look for 3T 4H, when you don't find any move on to next method,
2) 1H 4CBO when there aren't any settups or trigger move on to next,
3) Z.C.
?
Thank you.
Listen to the whispers.... You may learn something
  • #14,047
  • Apr 18, 2011 10:20am Apr 18, 2011 10:20am
Hey peeps, kinda busy here working, but what a night! and a crazy morning... My new goal is to tame "The Beast" GBPJPY, most volatile pair ever... Shaved off +100 pips today, but I can't believe I had a sell order at 135.83 last night and closed it, just to reopen later... I would be up 250 pips!!! Still happy though..
Attached Image (click to enlarge)
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  • #14,048
  • Apr 18, 2011 10:26am Apr 18, 2011 10:26am
Can somebody answer my questions. 1.If we have 2 touches on 4h. is it enough to trade the third candle or we must wait 3 full touchies and trade just fourth candle? 2.if we have 3 touchies and want to sell,but the 4th candle go first up to trendline, so we can sell near the trendline,formed by 3 previous candles, or we must wait untill RSI3 will show down? because always rsi on 4h. normally is against W, D rsi initially. So, we dont sell from trendline but sell at worse price when 4h,rsi show down too? Thank you,
  • #14,049
  • Apr 18, 2011 10:30am Apr 18, 2011 10:30am
hi guys!

good start of this trading week!

thank you Lawgirl
Attached Images
passion and discipline
  • #14,050
  • Apr 18, 2011 10:33am Apr 18, 2011 10:33am
Quoting pippete
Hey peeps, kinda busy here working, but what a night! and a crazy morning... My new goal is to tame "The Beast" GBPJPY, most volatile pair ever... Shaved off +100 pips today, but I can't believe I had a sell order at 135.83 last night and closed it, just to reopen later... I would be up 250 pips!!! Still happy though..
Lol I'm with you.. i sold at 135.65.. made my gap and called it good, but geez.. that would've been a nice one.. but it was really whippy for a while there, looked like it was gonna tap my gap fill and rocket off into outer space.. so i closed.. and im not mad at those 30 pips.. but maybe leaving half on would be nice after this one.. hmm
  • #14,051
  • Apr 18, 2011 10:41am Apr 18, 2011 10:41am
Hi Doc...
"My new goal is to tame "The Beast""
IMHO...This is a very lofty goal...please approach this with caution.
It's been fairly docile lately but sooner or later...
(it's not a question of "if" but rather a question of "when")...
the Beast will raise it's head and the fur will be stroked the wrong way.
Taking the trade off while you sleep is an excellent idea.

Good to see that you're banking pips

Quoting pippete
Hey peeps, kinda busy here working, but what a night! and a crazy morning... My new goal is to tame "The Beast" GBPJPY, most volatile pair ever... Shaved off +100 pips today, but I can't believe I had a sell order at 135.83 last night and closed it, just to reopen later... I would be up 250 pips!!! Still happy though..
Listen to the whispers.... You may learn something
  • #14,052
  • Apr 18, 2011 10:52am Apr 18, 2011 10:52am
Quoting Scrutch
Hi Doc...
"My new goal is to tame "The Beast""
IMHO...This is a very lofty goal...please approach this with caution.
It's been fairly docile lately but sooner or later...
(it's not a question of "if" but rather a question of "when")...
the Beast will raise it's head and the fur will be stroked the wrong way.
Taking the trade off while you sleep is an excellent idea.

Good to see that you're banking pips
... Thanks, Scrutch.. I totally agree... Many a trader has tried it and got killed repeatedly... I meant rather to "ride" the beast as opposed to taming it... Just saw the movie "How to train your dragon" kids riding flying dragons and such... i'm thinking of rather getting on and off the monster as opposed to making it my friend..
Many pips to ya...
  • #14,053
  • Apr 18, 2011 10:59am Apr 18, 2011 10:59am
Don't know much about training any dragons...there aren't many of those around here.

I do have a bit of knowledge about "riding" though and I can assure you that 8 seconds seems to be right close to a lifetime.

A bit off topic I'm sure...will cease now.

Quoting pippete
... Thanks, Scrutch.. I totally agree... Many a trader has tried it and got killed repeatedly... I meant rather to "ride" the beast as opposed to taming it... Just saw the movie "How to train your dragon" kids riding flying dragons and such... i'm thinking of rather getting on and off the monster as opposed to making it my friend..
Many pips to ya...
Listen to the whispers.... You may learn something
  • #14,054
  • Apr 18, 2011 11:27am Apr 18, 2011 11:27am
Thank you for the tips scrutch.

Gbpjpy-
Last night's sell stop pending order @ scout line 134.922
closed 75%, moved sl to be
113+pips so far.




Quoting Scrutch
NuB...The first thing I look for is the strength of the currency.
This morning all the jpy's were going down...
The jpy is the quote currency so when it's down that shows strength.
The same with the us$ this morning...where it's the quote, it's down and where it's the base (leading) currency, it's up...showing strength.
The cad is not showing much strength this morning so I'm going to try and find a quickie for a few pips on the H1 charts.

After that it's a bit hard for me to explain...
"Usually", what I watch is the H1 chart for...
Attached Image (click to enlarge)
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  • #14,055
  • Apr 18, 2011 11:44am Apr 18, 2011 11:44am
Noobguy, sorry for noob question. How to get those spread (top left corner) and trend (top right corner) overlay?
  • #14,056
  • Apr 18, 2011 11:46am Apr 18, 2011 11:46am
New to the thread and already loving it, simple and clean.

Question though, any idea of a trade management EA. I know Cavemanager but it gets me confused with it numerous inouts and selections.

All help appreciated.
  • #14,057
  • Apr 18, 2011 11:57am Apr 18, 2011 11:57am
Quoting pippete
... Thanks, Scrutch.. I totally agree... Many a trader has tried it and got killed repeatedly... I meant rather to "ride" the beast as opposed to taming it... Just saw the movie "How to train your dragon" kids riding flying dragons and such... i'm thinking of rather getting on and off the monster as opposed to making it my friend..
Many pips to ya...
How about GBP/NZD? It´s fairly volatile also and mowes fast, but it seems to act little more predictable way. Last weekend, while I made some 4H analysis with G/U I realised that most of the significant moves it makes is during the two candles of London open and London/ny. There are false BO´s as there always is, but if you are interested, just go through on 4 H last couple of months or so and look when it mowes. With G/U there were more BO´s last autumn than this spring. May be related to trending? I will check GBP/NZD more thoroughly sometime soon. In case you are intrested of the backtest results from G/U I did last weekend, you can find them from the page 3 at our testing thread. Trade naked - testing thread.
  • #14,058
  • Apr 18, 2011 12:05pm Apr 18, 2011 12:05pm
Quoting Whistlepips
How about GBP/NZD? It´s fairly volatile also and mowes fast, but it seems to act little more predictable way. Last weekend, while I made some 4H analysis with G/U I realised that most of the significant moves it makes is during the two candles of London open and London/ny. There are false BO´s as there always is, but if you are interested, just go through on 4 H last couple of months or so and look when it mowes. With G/U there were more BO´s last autumn than this spring. May be related to trending? I will check GBP/NZD more thoroughly sometime...
My broker doesn't have that pair, and many others don't either... Very exotic cross, but thanks for the idea...
  • #14,059
  • Apr 18, 2011 12:47pm Apr 18, 2011 12:47pm
Is anyone still short on the EJ? I went short last night at 119.569, and am still in it. Lets see where it takes us.
  • #14,060
  • Apr 18, 2011 12:54pm Apr 18, 2011 12:54pm
Quoting denoxster
Noobguy, sorry for noob question. How to get those spread (top left corner) and trend (top right corner) overlay?
The chart panel is from another method on FF, you will have to adjust the settings from the properties if you want to make certain things visible or not.

as for the trend display first page first post.
Attached File(s)
File Type: mq4 SonicR Chart Panel.mq4   83 KB | 430 downloads
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