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Trade What You See - Almost Naked Trading

  • #14,421
  • Apr 29, 2011 3:57pm Apr 29, 2011 3:57pm
Quoting jdcompute
No, I typically look for the nearest s/r line.
Ok. Your first e/j entry seems to have been pretty close on fib 38.2, SL was pretty close of fib 28.6 and exit near fib 0.50 from the fibs on last upwawe on 1 h chart. Ive been wondering about these lately.....

Nice trades anyway you look at them
  • #14,422
  • Apr 30, 2011 10:03am Apr 30, 2011 10:03am
Quoting Whistlepips
Fibs from last trend wawe seem to predict pretty accurately those zorros. Zorry if Im being too technical, but could it be possible to enter early just about on the fib (and watching PA)?
Of course you can enter any way you want to. Everyone must develop their own style of trading.

The reason I don't much like fibs is that they can be manipulated too easily and I found myself doing just that.

S/R lines, while people may see them differently are still not subject to manipulation, just interpretation.
  • #14,423
  • Apr 30, 2011 10:04am Apr 30, 2011 10:04am
Quoting jdcompute
Not bad for a Friday eh?..by the way, these are not triple digit gains, but double digit gains for each pair traded.
Excellent way to end the week...
  • #14,424
  • May 1, 2011 4:26am May 1, 2011 4:26am
Quoting lawgirl21
Of course you can enter any way you want to. Everyone must develop their own style of trading.

The reason I don't much like fibs is that they can be manipulated too easily and I found myself doing just that.

S/R lines, while people may see them differently are still not subject to manipulation, just interpretation.
Good points. Thanks.
  • #14,425
  • May 1, 2011 9:20am May 1, 2011 9:20am
Just finished reading the entire thead.

I did this because I was tired of spinning my wheels and making no progress. Like a lot of people I have tried many different things but none of them have really worked. It was a statement my wife said about a month ago which changed my out look. She looked at my charts and said "Look at all those pretty wavy lines and colors." At that moment I knew I was going the wrong way.

I had started to read this thread a few times but never got past the first few pages. This time, with a new outlook and determination, I started reading and studying the posted setups. What an eye opener. This method is presented in a clear and concise manner.

Thank you for doing this LG. I truly believe that with my new focus and the information you and all the others have presented here I can finally break through to the next level.

Bless you all,

Mark
Mark ... Everything you have been told is a LIE
  • #14,426
  • May 1, 2011 3:49pm May 1, 2011 3:49pm
Quoting spzd
Just finished reading the entire thead.

I did this because I was tired of spinning my wheels and making no progress. Like a lot of people I have tried many different things but none of them have really worked. It was a statement my wife said about a month ago which changed my out look. She looked at my charts and said "Look at all those pretty wavy lines and colors." At that moment I knew I was going the wrong way.

I had started to read this thread a few times but never got past the first few pages. This time, with a new outlook and...
Thank you, Mark. I believe you have made a good decision to remove the "wavy lines and colors". I had to do the same thing. So glad that you have joined us and I look forward to your imput.
  • #14,427
  • May 1, 2011 3:51pm May 1, 2011 3:51pm
This is my first opportunity to look for gaps in a few weeks. Looking forward to it.
  • #14,428
  • May 1, 2011 3:53pm May 1, 2011 3:53pm
I don't know how your platforms look but mine is showing no gaps today.
Mark ... Everything you have been told is a LIE
  • #14,429
  • May 1, 2011 3:59pm May 1, 2011 3:59pm
Quoting spzd
I don't know how your platforms look but mine is showing no gaps today.
Mine hasn't opened yet....1 minute.
  • #14,430
  • May 1, 2011 4:01pm May 1, 2011 4:01pm
Quoting spzd
I don't know how your platforms look but mine is showing no gaps today.
Mine either..zero, nada. Unusual.
  • #14,431
  • May 1, 2011 4:06pm May 1, 2011 4:06pm
i dont see any gaps...how about you Lawgirl?
Help to be helped.
  • #14,432
  • May 1, 2011 4:07pm May 1, 2011 4:07pm
Something strange going on with the market today. No gaps.
Enter Signature
  • #14,433
  • May 1, 2011 4:07pm May 1, 2011 4:07pm
Quoting lawgirl21
Mine either..zero, nada. Unusual.
It's bank holiday monday for JPY, EUR, GBP and CHF. That would explain low volatility and no gaps.

If you have oanda platform you can see these gaps forming before the actual market opens.
  • #14,434
  • May 1, 2011 4:09pm May 1, 2011 4:09pm
Quoting lawgirl21
Mine either..zero, nada. Unusual.
Oh well. Time to go eat some tacos then wait for some potential H1 4C BOs.
Mark ... Everything you have been told is a LIE
  • #14,435
  • May 1, 2011 4:12pm May 1, 2011 4:12pm
Quoting spzd
Oh well. Time to go eat some tacos then wait for some potential H1 4C BOs.
Heard that!!
  • #14,436
  • May 1, 2011 4:32pm May 1, 2011 4:32pm
This pair has been on a watch list for two weeks. On Friday it started to move out of that channel...watching to see if PA continues down.
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  • #14,437
  • May 1, 2011 4:43pm May 1, 2011 4:43pm
I just reminded myself that the setup we use on the H1 and H4 charts can also be used on the higher TFs. Take a look at this pair on the daily chart for April. A BO, then a ZC pullback and continuation. Hundreds of pips.

Thursday or Friday of this coming week, we can test this forward by marking the first four days of the trading month, as we do the H1 4C BO charts.
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  • #14,438
  • May 1, 2011 4:51pm May 1, 2011 4:51pm
3 Tap on daily chart. About 300 pips
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  • #14,439
  • May 1, 2011 6:44pm May 1, 2011 6:44pm
Quoting lawgirl21
3 Tap on daily chart. About 300 pips
LG, what do you use for confirmation on the 3 Tap daily? Is it still the 3 RSI in the same direction as the 4H?
  • #14,440
  • May 1, 2011 8:25pm May 1, 2011 8:25pm
Quoting Fitness09
LG, what do you use for confirmation on the 3 Tap daily? Is it still the 3 RSI in the same direction as the 4H?
I looked for the RSI line itself to be in the same direction, not necessarily the arrows (the old fashioned way).
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