Trade What You See - Almost Naked Trading

gaps today anyone? im trying to put the EURUSD gap of last week behind me

Hi all,

seems to be a pretty easy system, lets see if I understand the 4h 3tap method right:

I would have gone short at point "3" (during the development of the 4 h candle), if the weekly RSI would have been bearish too, right ?

green pips to you

Peter

I will be around, but not gap trading as I am in several longer term trades and can't trade both sides.

An open with a bang... WOW!

I was waiting for the GBPCHF spread to tighten up a bit, and got in at 1.4016.. gap fill would be at 1.40495.. we'll see..

AUDCAD also in play.. we'll see

Channel trade.

Another channel trade.

Another

Hi LG!
Do you see day setups on eu, gu, uchf?

No, it's very early. The only thing I see now are the possible channel trades.

Hey LG you chart on NZDUSD is CADJPY. Thx

Sorry, here's the right one....

Sending out a probe on this pair. 30 pip SL.

Hi friends,
I'm a newbie here (in spite of being quite a veteran - 5+ years - of trading forums). Yes... I came here, I humbly admit, because so far I haven't found anything really fitting my needs/style and being consistently profitable.

What I found here seems very promising! And I start saying a big thank you to Ms. Lawgirl for having created such a wonderful opportunity.

Actually I am quite scared by the 1000+ pages, 15000+ posts here, and I fear it would take me some months for getting through it, given my tight (too tight) schedules.

Therefore I humbly ask if it is possible that some good people help me getting in touch with "real-demo" trading a bit faster, giving some explanations, that for sure are already contained in the big thread, as long as the doubts and problems come up in real time, so to say.

So: let me make a trial. I am starting with the 4H 3-Tap model, because I think one at a time is better than all together.

Today I see this pattern in USDCAD:

http://clip2net.com/clip/m72450/1306...-clip-12kb.png

Would it be a valid pattern for a 3Tap? RSI is down on 4H, D1 and W1. My problem with the understanding of this pattern, now, is where to start drawing the trendline?

For instance here I could have started from the well-defined pin bar (I'm sure you all know what it is) on May26th at 16:00. But in this case I observe that the third last bar from where we are now, would have "violated" the trendline upwards. Any comment and help?

Would you enter this setup short if now a bar touches the trendline again?

Last (sorry that I'm so long): Lawgirl, you're now taking some "channel" trades. Where are such trades explained in the thread.

Sorry for so many questions. But, BTW, I think that some pictures in post#1 of the thread are missing, because I cannot see some of the examples you cite in the text description.

Bye

BL

Hi LG and guys,
Really good members and great system you have here.
First of all, I am a noob and please forgive my noobie question.
I have been following your thread for a while and been reading most pages, but I have one answer that I couldn't find the answer.
Since RSI is set to 3, it makes it very sensitive and LG trend indicator often pointing different direction against the trend.
From what I have learned, we don't want trade against the trend.
What is your take about this?

Welcome, betterlife, and welcome. Yes, the 1000 pages is daunting. It is mostly filled with charts, but some good information too. I don't know what to tell you about it except that much of it can be skimmed through.

I highly recmmend that all traders study charts though, I do almost every weekend. That is the only way to really understand PA and get really good at spotting setups.

There is no right or wrong place to start a trendline...whenever you see it. They will eventually start jumping out at you. For the H4 3 Tap, we do start within the current week, although reaching back a few candles into the prior week is ok at the beginning of the trading week.

You chart: Yes, the RSIs are correct, but there is no 3 Tap..so move on to another pair.

You are correct, these are trend following trades. The RSIs are sensitive, but very often all confirm direction. That along with current price action (PA) is what we base our trades on. Welcome!

Doing notihing...perfect consolidation. Can't tell which side it will break on for now.

Hit SL - 30 pips.

I entered this pair on the daily chart with a 30 pip SL, but is was a BO too..not a very good one.