Trade What You See - Almost Naked Trading | Page 716 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking on a naked chart, can you pick the best strategy? 32 replies

How do you see trading - Do you see it as a means to an end? 12 replies

Can you tell with naked eyes? 151 replies

Bow's trading journal 2 (almost naked trading on m5) 26 replies

Trading as naked as you can get 0 replies

Attachments: Trade What You See - Almost Naked Trading
Exit Attachments

Trade What You See - Almost Naked Trading

  • #14,301
  • Apr 26, 2011 7:21am Apr 26, 2011 7:21am
Quoting smatrader
Hi Lawgirl. Fantastic thread, which I have been reading thro for the past couple of weeks and starting to place demo trades. What was your trigger for this trade?

Support become resistance 0500 (FXDD) M15 chart or support becomes resistance off the 1hr/4hr charts?

Ian
Thanks for the kind words. Glad you have joined us.

A setup and a trigger can be two separate events, as here. The setup here was the 3 Taps, but notice that the third tap was not a short candle. It took the next candle, which was a short candle, to provide the trigger (entry) into the trade.
  • #14,302
  • Apr 26, 2011 7:24am Apr 26, 2011 7:24am
Quoting lawgirl21
Thanks for the kind words. Glad you have joined us.

A setup and a trigger can be two separate events, as here. The setup here was the 3 Taps, but notice that the third tap was not a short candle. It took the next candle, which was a short candle, to provide the trigger (entry) into the trade.
I still don't see any significant trigger off the 4hr candle for your entry, as the candle still hasn't closed
  • #14,303
  • Apr 26, 2011 7:27am Apr 26, 2011 7:27am
Quoting PhAnTi'
hey girl !

how s it doin? all good? all green?

kind regards

Jonas
Hey! Good to hear from you! Yes, things are good, not all green, but mostly..can't complain.
  • #14,304
  • Apr 26, 2011 7:45am Apr 26, 2011 7:45am
Quoting smatrader
I still don't see any significant trigger off the 4hr candle for your entry, as the candle still hasn't closed
The trigger was PA and the current short candle. I would have liked to have caught the beginning of the short candle after the third tap, but I didn't. However, I took the chance that the momentum, along with PA, would continue down. Another thing I considered was how much of the H4 red candle was left and as there was still about 2 hours left on the candle, I got in. I will evaluate the trade with the open of the new candle. So far, so good.
  • #14,305
  • Apr 26, 2011 8:04am Apr 26, 2011 8:04am
Quoting lawgirl21
The trigger was PA and the current short candle. I would have liked to have caught the beginning of the short candle after the third tap, but I didn't. However, I took the chance that the momentum, along with PA, would continue down. Another thing I considered was how much of the H4 red candle was left and as there was still about 2 hours left on the candle, I got in. I will evaluate the trade with the open of the new candle. So far, so good.
Hi LG, thanks for the concise answer......I assume the short candle still refers to the 4hr TF?
  • #14,306
  • Apr 26, 2011 11:41am Apr 26, 2011 11:41am
How about an EU double top on the 4H?
  • #14,307
  • Apr 26, 2011 11:50am Apr 26, 2011 11:50am
Would this be a proper ZC set up?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 15 KB
  • #14,308
  • Edited 1:01pm Apr 26, 2011 12:41pm | Edited 1:01pm
LG, looks like we have a 3 tap on the EU, but it is also stalling at what may be a double top. What do you think here? Wait to see if it breaks the line?
  • #14,309
  • Apr 26, 2011 4:45pm Apr 26, 2011 4:45pm
hello there LG..
among all method this top 3 fav most profitable for me now..
especially H1 BO method..
i know my time as well but sometimes it take hours for candle to bo..is there any alert available? coz im working too cant afford to all time be in front of screen,

i thought last times somebody code ea for alert..is it working?it doesnt seem to work on mine..idk why

thx in advance hope LG or any one can reply now coz i hv not been update with the thread many weeks now

happy pipping n God bless
  • #14,310
  • Apr 26, 2011 8:00pm Apr 26, 2011 8:00pm
Hey LG. I have a question about the two methods. Would one trump the other as far as which one to take. For example, if there is a 3 tap set up and trigger on the first or second candle of a new trading day, do you take it? Thanks for all the help!
  • #14,311
  • Apr 26, 2011 8:12pm Apr 26, 2011 8:12pm
Quoting qweretyq
Would this be a proper ZC set up?
Yes, it is a perfect ZC taking place.
  • #14,312
  • Apr 26, 2011 8:18pm Apr 26, 2011 8:18pm
Quoting bellamy85
hello there LG..
among all method this top 3 fav most profitable for me now..
especially H1 BO method..
i know my time as well but sometimes it take hours for candle to bo..is there any alert available? coz im working too cant afford to all time be in front of screen,

i thought last times somebody code ea for alert..is it working?it doesnt seem to work on mine..idk why

thx in advance hope LG or any one can reply now coz i hv not been update with the thread many weeks now

happy pipping n God bless
As far as I know, B85, there is no EA for any of the setup systems...and I have discouraged them...at least I have discouraged lots of talk on the thread about EAs, as I believe they are not necessary. There are so many good trades that happen all the time that we could not catch all of them if we tried really hard. If we miss one, another one is just around the corner.
  • #14,313
  • Apr 26, 2011 8:22pm Apr 26, 2011 8:22pm
Quoting Fitness09
LG, looks like we have a 3 tap on the EU, but it is also stalling at what may be a double top. What do you think here? Wait to see if it breaks the line?
Yes, and it did break through that double top. Sorry I could not look at it sooner. I've been stuck in an airport all day due to bad weather.
Attached Image
  • #14,314
  • Apr 26, 2011 8:25pm Apr 26, 2011 8:25pm
Quoting lawgirl21
Yes, and it did break through that double top. Sorry I could not look at it sooner. I've been stuck in an airport all day due to bad weather.
Yeah, we have had really bad weather here in the Ark-La-Miss, and more coming through tonight. I was able to get about 20 off of the break above because I came in late. Again, thanks for the help.
  • #14,315
  • Apr 26, 2011 8:26pm Apr 26, 2011 8:26pm
This place (forex factory) is like politics. You vote for your favorite politician even if they're way dumber than you are.
Then, when you totally screw up your life, you blame your politician. It's never your fault. !! Here's the bottom line.......

People like LawGirl should be the central bankers, the presidents, the politicians (of course, this is really without really knowing the full story). If you haven't noticed, America is in decline and none of the current (politicians) will be able to fix it (save for Ron Paul who is a bit overzealous but maybe just enough to change something).

If you're in the US....... GET OUT NOW
juz' leave your property and valuables to me. I'll make sure to have your best interests at heart, TRUST ME !!!
  • #14,316
  • Apr 26, 2011 8:27pm Apr 26, 2011 8:27pm
Quoting lawgirl21
Yes, it is a perfect ZC taking place.
Cool, thanks I think I get it now.

The trade actually turned against me, but I held on and its now at +50 pips.

And I think its setting right back up for another ZC
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 13 KB
  • #14,317
  • Apr 26, 2011 8:29pm Apr 26, 2011 8:29pm
3 Tap and also a H1 4C BO. I entered this trade on the 3 Tap as I like the RSIs and the new H4 candle.
Attached Images
  • #14,318
  • Apr 26, 2011 8:33pm Apr 26, 2011 8:33pm
This is crazy..I've not seen this before. Less than 5 mins. between postings.

I exited that trade...
Attached Image
  • #14,319
  • Apr 26, 2011 8:56pm Apr 26, 2011 8:56pm
Hi LG,
Its the Aud news that affected the trade. Is there a possible 3 tap on eurgbp?
  • #14,320
  • Apr 26, 2011 9:04pm Apr 26, 2011 9:04pm
Quoting rufusajayi
Hi LG,
Its the Aud news that affected the trade. Is there a possible 3 tap on eurgbp?
Yes there is. And it's a "fresh" one...about 3 hours left on the third tap candle.
Attached Image
2 traders viewing now