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Trade What You See - Almost Naked Trading

  • #14,561
  • May 3, 2011 7:17pm May 3, 2011 7:17pm
Quoting lawgirl21
Of course, just don't ask me how to set up the RSIs.....please!
LOL Thanks
  • #14,562
  • May 3, 2011 7:18pm May 3, 2011 7:18pm
Something to watch.

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Mark ... Everything you have been told is a LIE
  • #14,563
  • May 3, 2011 7:30pm May 3, 2011 7:30pm
Quoting lawgirl21
ZC setting up.
How do you enter on ZCs??
Fall seven times, stand up Eight! #GGMU
  • #14,564
  • May 3, 2011 8:01pm May 3, 2011 8:01pm
Quoting vickym
How do you enter on ZCs??
They are pure PA moves. Move to a lower TF and watch PA to confirm direction by 2-3 M15 candles, depending on how strong you believe the momentum to be.

I like to play them "candle by candle"..that is, the H1 chart, with the H1 and/or H4 RSIs confirming my direction and getting out at a legit candle change.
  • #14,565
  • May 3, 2011 8:22pm May 3, 2011 8:22pm
These trades, opened about 24 hours ago are up about 350 pips.
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  • #14,566
  • May 3, 2011 8:26pm May 3, 2011 8:26pm
Quoting lawgirl21
These trades, opened about 24 hours ago are up about 350 pips.
You took 3 off the weekly and 1 off the monthly? Quite impressive. As soon as I get these smaller time frames down I will have to look into that.
Mark ... Everything you have been told is a LIE
  • #14,567
  • May 3, 2011 8:28pm May 3, 2011 8:28pm
Quoting lawgirl21
These trades, opened about 24 hours ago are up about 350 pips.
Great job LG. With the larger tf, you would set a larger SL, correct?
  • #14,568
  • May 3, 2011 8:30pm May 3, 2011 8:30pm
Quoting spzd
You took 3 off the weekly and 1 off the monthly? Quite impressive. As soon as I get these smaller time frames down I will have to look into that.
You are right to get comfortable with the lower TFs, then move to the higher ones for more profit potential. These trades are like watching paint dry, but then, trading is lonely and the routine can be boring much of the time, so that is the trade off for the higher profit potential.
  • #14,569
  • May 3, 2011 8:32pm May 3, 2011 8:32pm
Guys and Girls,
Please if anybody can help me, I would really appreciate it. I am trying to set up a chart on Metatrader similar to the one posted below. I am not a computer wizz by any means, so if anybody would be so kind as to let me know the step by step process of getting the setup below I would be very greatful.
So far I have been sent the following info but I need more details in order to set it up,

Quote:
Originally Posted by zaqzaq http://www.forexfactory.com/images/buttons/viewpost.gif
Hi LG,

Please can you let me know how I can set up the type of chary you just posted of all the RSI time frames? I have been onto the sales rep of the platform and even he does not know!
It would help me out no end!
Again, Mnay thanks.

Zaq.

Post hidden because zaqzaq is on your ignore list.


Hey Zaq, Just load "Lawgirls trend display v1.02" and under the inputs tab double click the value of the show current pair only variable and change it to false, then click ok.
Attached Fileshttp://www.forexfactory.com/images/attach/mq4.gifLawgirl's Trend Display v1.02.mq4 (12.6 KB, 40 views)


Please help!
Regads,
Zaq.
Attached Image
  • #14,570
  • May 3, 2011 8:34pm May 3, 2011 8:34pm
Quoting lawgirl21
You are right to get comfortable with the lower TFs, then move to the higher ones for more profit potential. These trades are like watching paint dry, but then, trading is lonely and the routine can be boring much of the time, so that is the trade off for the higher profit potential.
I came to this method from M1 and M5 charts and the H1 and H4 are like watching paint dry to me. But the results are much better and I can just imagine how much the long TFs will improve the bottom line.
Mark ... Everything you have been told is a LIE
  • #14,571
  • May 3, 2011 8:36pm May 3, 2011 8:36pm
Quoting Fitness09
Great job LG. With the larger tf, you would set a larger SL, correct?
Yes, much much higher. I would suggest you try demoing without a SL and see if that is something you could become comfortable with. That way you can do the research to determine the "average" range on particular pairs weekly/monthly candles, without being stopped out. Or you could backtest that. I like to forward test though.
  • #14,572
  • May 3, 2011 8:40pm May 3, 2011 8:40pm
Quoting spzd
I came to this method from M1 and M5 charts and the H1 and H4 are like watching paint dry to me. But the results are much better and I can just imagine how much the long TFs will improve the bottom line.
Just goes to show that one traders' fast action is another traders' drying paint. It's all relative!
  • #14,573
  • May 3, 2011 8:42pm May 3, 2011 8:42pm
Quoting zaqzaq
Guys and Girls,
Please if anybody can help me, I would really appreciate it. I am trying to set up a chart on Metatrader similar to the one posted below. I am not a computer wizz by any means, so if anybody would be so kind as to let me know the step by step process of getting the setup below I would be very greatful.
So far I have been sent the following info but I need more details in order to set it up,

Quote:
Originally Posted by zaqzaq http://www.forexfactory.com/images/buttons/viewpost.gif...
Ok Zaq, I am going to try. Is it the single RSI display that you want in the RSI window and not the entire list?
  • #14,574
  • May 3, 2011 8:44pm May 3, 2011 8:44pm
Quoting lawgirl21
Just goes to show that one traders' fast action is another traders' drying paint. It's all relative!
It's just better probability because of the larger sample size to pull information from.
  • #14,575
  • May 3, 2011 8:50pm May 3, 2011 8:50pm
Hi LG,

The full list I think would be best I believe, but even if we get the Single one first that would be great. I'm also googling!

Zaq.
  • #14,576
  • May 3, 2011 8:53pm May 3, 2011 8:53pm
Quoting zaqzaq
Hi LG,

The full list I think would be best I believe, but even if we get the Single one first that would be great. I'm also googling!

Zaq.
What is the problem you are having?
  • #14,577
  • May 3, 2011 8:54pm May 3, 2011 8:54pm
Quoting zaqzaq
Hi LG,

The full list I think would be best I believe, but even if we get the Single one first that would be great. I'm also googling!

Zaq.
Hey zaqzaq if you can send a PM i would be willing to try to walk you thru this.
Mark ... Everything you have been told is a LIE
  • #14,578
  • May 3, 2011 9:01pm May 3, 2011 9:01pm
Quoting lawgirl21
Just goes to show that one traders' fast action is another traders' drying paint. It's all relative!
That is very true. But I'm not complaining. My stress level has gone down about 80% in just the last couple of days. My hat's off to you LG.

For everyone trying to improve their trading this method is the way to go. Forget all those squigly lines and the latest 'in' way of trading. Stick with what has been proven over and over thru the years.

Take the time to read as much of this thread as you can. Then get a feel of how PA moves. Don't rush it, the markets will always be here.
Mark ... Everything you have been told is a LIE
  • #14,579
  • May 3, 2011 9:49pm May 3, 2011 9:49pm
UJ potential 3tap + BO
  • #14,580
  • May 3, 2011 10:36pm May 3, 2011 10:36pm
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