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Trade What You See - Almost Naked Trading

  • #15,741
  • Jun 7, 2011 2:13am Jun 7, 2011 2:13am
jumped in to AUDUSD - lets see.
  • #15,742
  • Jun 7, 2011 4:20am Jun 7, 2011 4:20am
LG has created an amazing thread here, only thing is its kinda dead in here - is it cos I is british?! and you are all still asleep over the pond??
  • #15,743
  • Jun 7, 2011 4:51am Jun 7, 2011 4:51am
Quoting dimlat
LG has created an amazing thread here, only thing is its kinda dead in here - is it cos I is british?! and you are all still asleep over the pond??
yes I think they all are
  • #15,744
  • Jun 7, 2011 4:58am Jun 7, 2011 4:58am
cheers mate, i guess we will have to keep the markets going without them!
  • #15,745
  • Jun 7, 2011 5:07am Jun 7, 2011 5:07am
well theres quite a few of us watching but not saying anything. They must all be picking their juicy pips off the money tree...I hear they`re extra juicy this time of year!
  • #15,746
  • Jun 7, 2011 5:14am Jun 7, 2011 5:14am
awaiting corn Bo

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Hero calls followed by margin calls...
  • #15,747
  • Jun 7, 2011 5:28am Jun 7, 2011 5:28am
2 MT trades today GU & AU - stopped out of first, AU not looking too hot at the mo. - oh well, beginners curse, i guess!
  • #15,748
  • Jun 7, 2011 5:36am Jun 7, 2011 5:36am
Quoting dimlat
2 MT trades today GU & AU - stopped out of first, AU not looking too hot at the mo. - oh well, beginners curse, i guess!
well you know the majority of the MT trades will get stopped out. But only at -30 while the ones that dont will ideally run over +100,200,300...

I dont know if anyone has any concreate numbers yet on the % of MT trades that get stopped out but so far im getting close to %70 stopped out. But maybe I should pay closer attention to the body of the candle or other factors.
  • #15,749
  • Jun 7, 2011 6:12am Jun 7, 2011 6:12am
Hi all,

3 Tap setup
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  • #15,750
  • Jun 7, 2011 7:24am Jun 7, 2011 7:24am
Well I'm off to a poor start with the Money Trade. Good reason for trying any new system on a demo acct. Hopefully its just a bump on an otherwise profitable road.
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  • #15,751
  • Jun 7, 2011 7:28am Jun 7, 2011 7:28am
Looks like another 3Tap setup, these do come thick and fast when you look.

I’m going to take a few Money tree trades a day if I see a setup plus a couple of 3 tap, keeping a track of the results should be interesting, those BO are tricky though







ps
From the UK
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  • #15,752
  • Jun 7, 2011 8:21am Jun 7, 2011 8:21am
Quoting CrucialCraig
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.
Stopped out.

I did leave my trades open over the weekend and came back to 700+ pips. I closed all of those trades for about 650 pips because I wanted to lock in "profits" and needed to regain some of the bottom line I lost when I forgot to set a 30 pip SL last week.
  • #15,753
  • Jun 7, 2011 8:22am Jun 7, 2011 8:22am
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!
Exactly right, BOs require lots of screen time and generally during London session.
  • #15,754
  • Jun 7, 2011 8:23am Jun 7, 2011 8:23am
Quoting CrucialCraig
Yes, MoneyTree & #5 are one in the same. LG will hopefully update the 1st post at some point.
I have fixed that...hopefully.
  • #15,755
  • Jun 7, 2011 8:26am Jun 7, 2011 8:26am
Quoting jalkok
Breakout
Yes, very nice..good for about 80 pips.
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  • #15,756
  • Jun 7, 2011 8:28am Jun 7, 2011 8:28am
BO and MT...probably 3 Tap also.
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  • #15,757
  • Jun 7, 2011 8:29am Jun 7, 2011 8:29am
BO and MT
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  • #15,758
  • Jun 7, 2011 8:31am Jun 7, 2011 8:31am
BO
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  • #15,759
  • Jun 7, 2011 8:32am Jun 7, 2011 8:32am
Moving as I post.
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  • #15,760
  • Jun 7, 2011 8:33am Jun 7, 2011 8:33am
Chart
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