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Trade What You See - Almost Naked Trading

  • #15,641
  • Jun 2, 2011 10:15am Jun 2, 2011 10:15am
Quoting lawgirl21
I am leaving for Las Vegas in a couple of hours and will be gone until Monday night. I will have limited access to a computer, so you won't be hearing much from me until Monday.

I hope everyone keeps the faith and makes many many pips. I have set most of my trades to BE, so not much damage can be done, but they will be running while I am away.

Please keep posting and helping each other.
Rebecca
Good on you, Lawgirl21+, have a very good time without much work to do...
Thank you again for all the energy you spend here on your thread!
There`s no life before COFFEE!
  • #15,642
  • Jun 2, 2011 10:40am Jun 2, 2011 10:40am
Quoting lawgirl21
I am leaving for Las Vegas in a couple of hours and will be gone until Monday night. I will have limited access to a computer, so you won't be hearing much from me until Monday.

I hope everyone keeps the faith and makes many many pips. I have set most of my trades to BE, so not much damage can be done, but they will be running while I am away.

Please keep posting and helping each other.
Rebecca
Is this biz or fun? I hope its all goodtimes! Enjoy!
  • #15,643
  • Jun 2, 2011 10:49am Jun 2, 2011 10:49am
LG, I saw you got in on these 2 pairs, and things worked out well...

I really wanted to get in on these 2, as it looked like a perfect setup, but one of the RSIs was pointing to 2 oclock for both pairs. What time did you get in?

Have fun in vegas!!!
Enter Signature
  • #15,644
  • Jun 2, 2011 11:32am Jun 2, 2011 11:32am
Hi there
I am new to this forum but have been watching following the Daily Trade discussions with interest over the past week. Like Lawgirl21, bez3000 and CrucialCraig I too am going to trade this strategy but on demo for the month of June and will share my exeriences also.

I placed my first trades this morning at 7am BST (6am GMT). Im based in London so this was 9 hours into my daily candle as my broker is on GMT+3.

At time of entering all pairs had weekly and daily confirmations. I try to avoid short bodies and long wicks as well as pairs that are consolidating.All trades entered with 30 pip SL. Results so far :

nzdjpy -30 SL
nzdusd -30 SL
eurcad +51
eurnzd +38
eurjpy +50
eurusd +69
eurgbp +32

I will not take any further action until 3rd June 7am GMT morning at which stage I will look to take 50% profit on any trades in excess of 90 pips and move the remainder to BE whilst looking to add positions. I will continue to do this on a daily basis at the same time and see where I am at by June 30th
  • #15,645
  • Jun 2, 2011 3:00pm Jun 2, 2011 3:00pm
Quoting fitzdan
Hi there
I am new to this forum but have been watching following the Daily Trade discussions with interest over the past week. Like Lawgirl21, bez3000 and CrucialCraig I too am going to trade this strategy but on demo for the month of June and will share my exeriences also.

I placed my first trades this morning at 7am BST (6am GMT). Im based in London so this was 9 hours into my daily candle as my broker is on GMT+3.

At time of entering all pairs had weekly and daily confirmations. I try to avoid short bodies and long wicks as well as pairs...
Nice! keep up posted.

I am contemplating closing all trades today due to News tomorrow. What do you guys think?
Enter Signature
  • #15,646
  • Jun 2, 2011 3:29pm Jun 2, 2011 3:29pm
Quoting CrucialCraig
Nice! keep up posted.

I am contemplating closing all trades today due to News tomorrow. What do you guys think?
I am keeping mine open, lets see what happens......
  • #15,647
  • Jun 2, 2011 3:41pm Jun 2, 2011 3:41pm
me too , I will keep mine open.
Currently still 5 of my 7 positions opened today are alive and overall pips are + 369 at this time
  • #15,648
  • Jun 2, 2011 5:05pm Jun 2, 2011 5:05pm
I might just move my SLs to 30 pips from what they are prior to the news
Enter Signature
  • #15,649
  • Jun 2, 2011 8:46pm Jun 2, 2011 8:46pm
Closed all my MoneyTree trades for NFP news tomorrow.

I've been trading the MoneyTree System exclusively for a little over a week and so far I am at +17% of my starting account balance. Only risking 1% of my live account balance per trade.

Excellent results so far, thanks LG. See you guys Sunday.
Enter Signature
  • #15,650
  • Jun 2, 2011 9:16pm Jun 2, 2011 9:16pm
Quoting CrucialCraig
Closed all my MoneyTree trades for NFP news tomorrow.

I've been trading the MoneyTree System exclusively for a little over a week and so far I am at +17% of my starting account balance. Only risking 1% of my live account balance per trade.

Excellent results so far, thanks LG. See you guys Sunday.
Nice job CC Congrats
  • #15,651
  • Jun 3, 2011 12:23am Jun 3, 2011 12:23am
Hi friends,
a question to the experienced.
With this new Money Tree system, do you enter "blindly" as soon as the daily and weekly RSI point to the same direction, or do you wait/look at some price action confirmation?

Bye

BL
πάντα δοκιμάζετε τὸ καλὸν κατέχετε
  • #15,652
  • Jun 3, 2011 12:54am Jun 3, 2011 12:54am
Quoting betterlife
Hi friends,
a question to the experienced.
With this new Money Tree system, do you enter "blindly" as soon as the daily and weekly RSI point to the same direction, or do you wait/look at some price action confirmation?

Bye

BL
Put your glasses on first... and when you see long wicks and short bodys and maybe the candles are in a consolidation, then... DO NOT ENTER.
But otherwise, just enter
There`s no life before COFFEE!
  • #15,653
  • Jun 3, 2011 1:14am Jun 3, 2011 1:14am
I have just closed all my money tree trades but only because they had all become invalid.
My running total is not as good as some sitting at about +200pips.
We will see what next week brings
  • #15,654
  • Jun 3, 2011 1:40am Jun 3, 2011 1:40am
Quoting bez3000
I have just closed all my money tree trades but only because they had all become invalid.
My running total is not as good as some sitting at about +200pips.
We will see what next week brings
200 pips es muy bueno!
Enter Signature
  • #15,655
  • Jun 3, 2011 2:32am Jun 3, 2011 2:32am
Quoting jalkok
Put your glasses on first... and when you see long wicks and short bodys and maybe the candles are in a consolidation, then... DO NOT ENTER.
But otherwise, just enter
Thank you jalkok!
Where do you look for short bodies/long wicks? In the previous days daily bars, in the lower timeframes...? The currently forming daily is of course of little help, especially in the first hours of the day, because it might well be still short.

I hope it is clear enough!

Bye and thanks for all your help.

BL
πάντα δοκιμάζετε τὸ καλὸν κατέχετε
  • #15,656
  • Edited 4:10am Jun 3, 2011 3:58am | Edited 4:10am
Quoting fitzdan
me too , I will keep mine open.
Currently still 5 of my 7 positions opened today are alive and overall pips are + 369 at this time
Took 50% profit on the my 5 positions today ( +360 pips) and moved remainder to BE.
Also added 3 new positions

gbpjpy short
gbpusd short
nzdjpy short

Til next week have a good weekend
  • #15,657
  • Jun 3, 2011 5:38am Jun 3, 2011 5:38am
Quoting fitzdan
Took 50% profit on the my 5 positions today ( +360 pips) and moved remainder to BE.
Also added 3 new positions

gbpjpy short
gbpusd short
nzdjpy short

Til next week have a good weekend

hi Fitzdan, can you clarify the gbp/jpy, as it looks like the daily rsi was rising before this morning, agreed the weekley was very down, was that a calculated risk?
the gbp/usd looks similar too!
regs
afos
If ask a silly question.. forgive me!i'm just confused again!
  • #15,658
  • Edited 1:02pm Jun 3, 2011 12:48pm | Edited 1:02pm
Those of you that left MoneyTree trades open for NFP Friday look to have gotten very lucky!! Just keep in mind that you are taking an extra risk when leaving them open for NFP (IMO).
Enter Signature
  • #15,659
  • Jun 3, 2011 12:49pm Jun 3, 2011 12:49pm
Quoting betterlife
Thank you jalkok!
Where do you look for short bodies/long wicks? In the previous days daily bars, in the lower timeframes...? The currently forming daily is of course of little help, especially in the first hours of the day, because it might well be still short.

I hope it is clear enough!

Bye and thanks for all your help.

BL
Most important is the current day's candle. You should also look at recent candles as well. Solid movements are best for this system
Enter Signature
  • #15,660
  • Edited 5:59pm Jun 3, 2011 1:02pm | Edited 5:59pm
Quoting CrucialCraig
200 pips es muy bueno!
200 pips es excelente, que gusto ver que siguen teniendo exito
200 pips is excellent, I'm delighted to see you´re still being succesful
Flp. 4:13
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