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Trade What You See - Almost Naked Trading

  • #15,681
  • Jun 6, 2011 7:22am Jun 6, 2011 7:22am
Now in 11 trades on the Money Tree for today.
  • #15,682
  • Jun 6, 2011 8:07am Jun 6, 2011 8:07am
took the 3T short at 8381. Not sure if I am entering correctly with RSI, etc. Guess I'll find out.
  • #15,683
  • Jun 6, 2011 11:32am Jun 6, 2011 11:32am
could someone please verify if I understand this simple system right:

I would have gone short, during the candle number three is under development, put my SL above number candle number 1, because
RSI of weekly, daily and maybe 4 h are pointing down.

Candle number 3 not necesserally has to be finished for going short,
most importend is angle of the RSI and lower highs of the three 4 h
candles.
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  • #15,684
  • Jun 6, 2011 2:12pm Jun 6, 2011 2:12pm
so quiet here today
  • #15,685
  • Jun 6, 2011 3:00pm Jun 6, 2011 3:00pm
Quoting Magnat
so quiet here today
I agree! I did take some trades today and closed out about 1/2 hour ago

+31.5 GBP/JPY
+40.5 EUR/USD
+18.5 GBP/USD
+97 Total I'm going to wait for a retrace.
  • #15,686
  • Jun 6, 2011 3:21pm Jun 6, 2011 3:21pm
Quoting gasservettes
I agree! I did take some trades today and closed out about 1/2 hour ago

+31.5 GBP/JPY
+40.5 EUR/USD
+18.5 GBP/USD
+97 Total I'm going to wait for a retrace.
nice!
  • #15,687
  • Jun 6, 2011 3:43pm Jun 6, 2011 3:43pm
I still have 11 trades running from today.
  • #15,688
  • Jun 6, 2011 4:06pm Jun 6, 2011 4:06pm
Just 3 trades on the MoneyTree taken earlier for me today with 2 still running

long audcad stopped out on -30 pips
long audnzd
long usdcad
  • #15,689
  • Jun 6, 2011 4:22pm Jun 6, 2011 4:22pm
hi

i have trwaled through this thread, but cant seem to find the page with the method for these trades - i would be obliged if some kind soul would point me to the right page number

many thanks
  • #15,690
  • Jun 6, 2011 4:37pm Jun 6, 2011 4:37pm
Quoting dimlat
hi

i have trwaled through this thread, but cant seem to find the page with the method for these trades - i would be obliged if some kind soul would point me to the right page number

many thanks
Go to page 1 and look for number 5. New Daily Entry (added May 18, 2011)
Hope this helps
  • #15,691
  • Jun 6, 2011 4:48pm Jun 6, 2011 4:48pm
Quoting Pipquest
Lawgirl21 Thanks for sharing! I am looking forward to the rules of your system!!!
Surely you know law, i love your rules as a beginner will meditate on your rules. Bravo
  • #15,692
  • Jun 6, 2011 4:59pm Jun 6, 2011 4:59pm
Quoting gasservettes
Go to page 1 and look for number 5. New Daily Entry (added May 18, 2011)
Hope this helps
many thanks - so New Daily Entry is the same as Money Tree?!
  • #15,693
  • Jun 6, 2011 5:17pm Jun 6, 2011 5:17pm
yes
  • #15,694
  • Jun 6, 2011 5:19pm Jun 6, 2011 5:19pm
Quoting profdr
yes
thanks, mate.
  • #15,695
  • Jun 6, 2011 5:25pm Jun 6, 2011 5:25pm
Quoting gasservettes
I agree! I did take some trades today and closed out about 1/2 hour ago

+31.5 GBP/JPY
+40.5 EUR/USD
+18.5 GBP/USD
+97 Total I'm going to wait for a retrace.
Wow, very nice!

What methods are you using? Simply the H4 3-Tap, BO and daily entries?

Also, do you make these pip gains on a daily occurrence?
  • #15,696
  • Jun 6, 2011 5:49pm Jun 6, 2011 5:49pm
Quoting gasservettes
Go to page 1 and look for number 5. New Daily Entry (added May 18, 2011)
Hope this helps
Thanks for helping GV. I have added "Moneytree" to #5...will make it clearer.
  • #15,697
  • Jun 6, 2011 5:54pm Jun 6, 2011 5:54pm
I don't see anything else to trade right now. I am still short this pair from yesterday and added to it again just now as I have entered another day with a continuation of short signal.

I may be missing some trades as I just started with this Money Tree method. Anyone else looking at more trade opportunities?
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  • #15,698
  • Jun 6, 2011 5:55pm Jun 6, 2011 5:55pm
Back from Vegas...ready to trade!

Left 9 open trades last Thursday. AUDJPY hit the SL. GBPUSD hit BE. The other 7 trades are up over 700 pips total. I can post the trades, if anyone wants to see them.
  • #15,699
  • Jun 6, 2011 5:59pm Jun 6, 2011 5:59pm
Quoting airbeat
I don't see anything else to trade right now. I am still short this pair from yesterday and added to it again just now as I have entered another day with a continuation of short signal.

I may be missing some trades as I just started with this Money Tree method. Anyone else looking at more trade opportunities?
I am currently long that pair, since June 2. Up 65 pips, but am going to close the trade as direction seems to have a definite change.

Looks like you are doing some good trading.
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  • #15,700
  • Jun 6, 2011 6:03pm Jun 6, 2011 6:03pm
Quoting JusticeFX
Wow, very nice!

What methods are you using? Simply the H4 3-Tap, BO and daily entries?
I watched the dollar moving up and went short 1 hour B/O

Also, do you make these pip gains on a daily occurrence?
I wish I could tell you yes but I seem to avg. 150-200 a week. All the methods above are great ways to trade this market. Keep it simple. Lawgirl has proven that.
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