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Trade What You See - Almost Naked Trading

  • #15,721
  • Jun 6, 2011 9:06pm Jun 6, 2011 9:06pm
Quoting lawgirl21
I am...you?
Yep!

Curious, did you end up netting profit by leaving your trades open over the weekend including NFP friday? I closed mine Thursday night to lock in my profits but it looked like for the most part, news caused our MoneyTree trades to continue in the right direction.
Enter Signature
  • #15,722
  • Jun 6, 2011 9:11pm Jun 6, 2011 9:11pm
Man, talk about indecisive movement!
Enter Signature
  • #15,723
  • Jun 6, 2011 9:12pm Jun 6, 2011 9:12pm
Quoting lawgirl21
H1 4C BO setup with consolidation

He LG,

I am still confused about the SL and TP with H1 4C BO, Please guide.

yesterday i tried with this system and all most all i lost.


Thanks

Umesh Patel
  • #15,724
  • Jun 6, 2011 9:25pm Jun 6, 2011 9:25pm
Quoting umpats
He LG,

I am still confused about the SL and TP with H1 4C BO, Please guide.

yesterday i tried with this system and all most all i lost.


Thanks

Umesh Patel
Umesh,

I'll let LG answer, but the H1 4C BO system is a difficult system to master and trade profitably. You need a fair amount of screen time and experience to know when a reversal is present and when we are simply looking at a retrace.

Have you tried the MoneyTree Daily Entry or 4H 3T systems? I personally feel they are much more 'newbie' friendly.

I'm not trying to steer you completely away from the BO system, I'm just trying to give you some advice from my experience. The BO system has been very profitable for some traders here!
Enter Signature
  • #15,725
  • Jun 6, 2011 9:32pm Jun 6, 2011 9:32pm
Quoting CrucialCraig
Umesh,

I'll let LG answer, but the H1 4C BO system is a difficult system to master and trade profitably. You need a fair amount of screen time and experience to know when a reversal is present and when we are simply looking at a retrace.

Have you tried the MoneyTree Daily Entry or 4H 3T systems? I personally feel they are much more 'newbie' friendly.

I'm not trying to steer you completely away from the BO system, I'm just trying to give you some advice from my experience. The BO system has been very profitable for some traders here!

Thank you dear CrucialCraig,

I tried the Moneytree and 3T system last week and i profit +227pips and even yesterday with moneytree i make +45 pips.

parallely i tried yesterday H1 4C BO system and all i lost yesterday with this system so i think i am not putting proper SL and TP thants why i ask this, if possible then explain me this system entry and exit with the chart.

thanks again.

Umesh Patel
  • #15,726
  • Jun 6, 2011 9:41pm Jun 6, 2011 9:41pm
Quoting umpats
Thank you dear CrucialCraig,

I tried the Moneytree and 3T system last week and i profit +227pips and even yesterday with moneytree i make +45 pips.

parallely i tried yesterday H1 4C BO system and all i lost yesterday with this system so i think i am not putting proper SL and TP thants why i ask this, if possible then explain me this system entry and exit with the chart.

thanks again.

[font=Cambria][size=3][color=black]Umesh...
With those type of results, why not continue trading it? I'll tell you now that LGs answer will confirm that there are no hard SL & TP rules.

She can answer your question though, but I have started to trade the MoneyTree system exclusively as it has been quite profitable for me.

Good luck!
Enter Signature
  • #15,727
  • Jun 6, 2011 9:47pm Jun 6, 2011 9:47pm
Quoting JusticeFX
Truly not bad at all.

I'm trying to find the right system for a newbie like myself to practice on, while keeping away from indicators and being able to learn price action.

I'm in a toss up between short-term trading (CHOROS Method/Central Banks and Big Players) vs. long-term trading (Almost Naked Trading, james16 PA).

All I know is, kostas1 over at the CHOROS thread is making 2-3% on his account daily and compounding = happy man!
I've decided from recent posts to ditch the CHOROS Method until I can learn to move with the market more. That strategy requires a lot of screen time IMO and you need to be able to ebb and flow and know price action.

I think Almost Naked Trading can help me do that, on a longer time frame, which is great for beginners because of stronger signals and not having to watch the screen all the time!

I will follow intently. Thanks LG and all other contributors!
  • #15,728
  • Jun 6, 2011 10:05pm Jun 6, 2011 10:05pm
Quoting CrucialCraig
Anyone in this pair yet?
I've been in this one since yesterday. Added another short today bringing my first trade SL to BE.
  • #15,729
  • Jun 6, 2011 10:14pm Jun 6, 2011 10:14pm
Quoting CrucialCraig
With those type of results, why not continue trading it? I'll tell you now that LGs answer will confirm that there are no hard SL & TP rules.

She can answer your question though, but I have started to trade the MoneyTree system exclusively as it has been quite profitable for me.

Good luck!
Hi Craig

Can you let me know what exactly the moneytree trade is all about? Is this the name given to the trade opened on Daily candles? Sorry I dont see anything on the 1st post about this trade

Thanks
Vicky
Fall seven times, stand up Eight! #GGMU
  • #15,730
  • Jun 6, 2011 10:17pm Jun 6, 2011 10:17pm
Quoting vickym
Hi Craig

Can you let me know what exactly the moneytree trade is all about? Is this the name given to the trade opened on Daily candles? Sorry I dont see anything on the 1st post about this trade

Thanks
Vicky
Hi Vicky,

Take a look again, It was updated page one #5 Hope this helps
  • #15,731
  • Jun 6, 2011 10:52pm Jun 6, 2011 10:52pm
Quoting vickym
Hi Craig

Can you let me know what exactly the moneytree trade is all about? Is this the name given to the trade opened on Daily candles? Sorry I dont see anything on the 1st post about this trade

Thanks
Vicky
Yes, MoneyTree & #5 are one in the same. LG will hopefully update the 1st post at some point.
Enter Signature
  • #15,732
  • Jun 6, 2011 11:04pm Jun 6, 2011 11:04pm
Quoting CrucialCraig
Yes, MoneyTree & #5 are one in the same. LG will hopefully update the 1st post at some point.
"MoneyTree" - update was already done on Page 1, Post 1 Number 5
There`s no life before COFFEE!
  • #15,733
  • Jun 6, 2011 11:16pm Jun 6, 2011 11:16pm
Quoting jalkok
"MoneyTree" - update was already done on Page 1, Post 1 Number 5
There ya go, vicky. Looks like the post has already been updated.
Enter Signature
  • #15,734
  • Jun 6, 2011 11:46pm Jun 6, 2011 11:46pm
Major movement just took out my 2 MoneyTree trades. I'm now in AUDNZD short.
Enter Signature
  • #15,735
  • Jun 6, 2011 11:47pm Jun 6, 2011 11:47pm
eur/aud hit sl
  • #15,736
  • Jun 7, 2011 12:11am Jun 7, 2011 12:11am
How about AUDUSD now triggered ??

anyone in?
  • #15,737
  • Jun 7, 2011 12:47am Jun 7, 2011 12:47am
Quoting dimlat
How about AUDUSD now triggered ??

anyone in?
i'm in
  • #15,738
  • Jun 7, 2011 1:18am Jun 7, 2011 1:18am
I have a question about the system(s).

I have been doing a lot of reading and everything I have learned so far has said "STAY AWAY FROM INDICATORS! FOCUS ON PRICE ACTION: IT TELLS THE FUTURE!".

Now, I believe a minimal amount of indicators can be useful, but in my readings, they specifically said to stay away from oscillators as they tend to "lie".

Is this countered because we are using higher time frames to trade? (the H4 and D1 instead of M15 and lower).

Also, was this a valid entry for long? I would have thought price would fall on that third tap since trend line was on tops of candles.
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  • #15,739
  • Jun 7, 2011 1:35am Jun 7, 2011 1:35am
Breakout
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There`s no life before COFFEE!
  • #15,740
  • Jun 7, 2011 2:06am Jun 7, 2011 2:06am
GBPUSD

s/l triggered - for that reason........im out!
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