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Trade What You See - Almost Naked Trading

  • #15,881
  • Jun 9, 2011 10:49pm Jun 9, 2011 10:49pm
Look for a BO on GPB/USD in confluence with H4 3T.
  • #15,882
  • Jun 9, 2011 11:20pm Jun 9, 2011 11:20pm
I hope some of you are in, we are getting some decent movement.

Please let this be the start
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  • #15,883
  • Jun 9, 2011 11:29pm Jun 9, 2011 11:29pm
Quoting CrucialCraig
I hope some of you are in, we are getting some decent movement.

Please let this be the start
I have been in e/u g/u chf/jpy gbp/jpy all day. Glad to see some pay come in.
  • #15,884
  • Jun 9, 2011 11:34pm Jun 9, 2011 11:34pm
Was waiting for the daily BO when I noticed a daily 3T. Entered a little late, but closed for +56! Got out just in case price reverses on the BO line.

Still waiting on the BO.
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  • #15,885
  • Jun 9, 2011 11:42pm Jun 9, 2011 11:42pm
Quoting lawgirl21
The arrows do go nuts after almost every time period change, so yes, they need time to find their way after the daily close/open.

I have been tracking the monthly RSI for the past 3 or so months and have noticed that it takes 8-10 trading days into the new month for the RSI to settle into a position. Then after about the third week into the month, if the arrows are either red or green, they seldom change..sort of like that big ocean liner turning around....its hard to do. If the arrows are neutral, then they can go either way. I think the...
thanks LG for the answer, so I better wait with my 3 tap entry for a few hours, when the new daily candle starts and also have a look at the rsi angle.
  • #15,886
  • Jun 9, 2011 11:46pm Jun 9, 2011 11:46pm
Quoting JusticeFX
CHFJPY is pointed downwards on D1 RSI for me as well. I'm using OANDA as a broker.
I`am with oanda too, but it sometimes gives totaly different candles.

Daily candle closes 45 minutes ago for me.

I`am aud/usd, aud/cad, GU, EU short. now patience is the key, let the winners run.
  • #15,887
  • Jun 9, 2011 11:47pm Jun 9, 2011 11:47pm
well, my CHFJPY MT is looking good, 20 pips and pointing in the right direction!

remember its a news day for GBP, might go either way.
  • #15,888
  • Edited 12:35am Jun 10, 2011 12:06am | Edited 12:35am
Quoting dimlat
remember its a news day for GBP, might go either way.
Good point. Might be worth it to get out while ahead on GBPJPY and GBPUSD. Which announcement is a big deal?

EDIT: On the other hand, if we start paying attention to every upcoming news announcement that could have a big impact, we might be jumping out of MT trades all the time.

What is everyone's thoughts? My current system is to get out of everything for NFP Fridays.
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  • #15,889
  • Edited 12:48am Jun 10, 2011 12:34am | Edited 12:48am
I'm getting ready to look for MT trades in about 30 minutes.
I bagged +77.4 pips on the moves earlier though. Hit my TP on both.

Does anyone have a tip/trick to get MT4 to run faster? The more charts I'm loading, the slower it's getting.
  • #15,890
  • Jun 10, 2011 12:50am Jun 10, 2011 12:50am
Quoting JusticeFX
I'm getting ready to look for MT trades in about 30 minutes.
I bagged +77.4 pips on the moves earlier though. Hit my TP on both.

Does anyone have a tip/trick to get MT4 to run faster? The more charts I'm loading, the slower it's getting.
What type of machine are you running on? I don't think MT4 is very demanding.

Also, what TP levels are you using? The MT system is all about letting trades run for hundreds of pips. That's not to say other implementations of the trigger wouldn't be profitable, so i'm interested in your TP methods.
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  • #15,891
  • Jun 10, 2011 12:53am Jun 10, 2011 12:53am
Quoting CrucialCraig
What type of machine are you running on? I don't think MT4 is very demanding.

Also, what TP levels are you using? The MT system is all about letting trades run for hundreds of pips. That's not to say other implementations of the trigger wouldn't be profitable, so i'm interested in your TP methods.
Running it on my gaming laptop. Very fast, i5-450m, 5850 mobility hd, 4GB RAM; it shouldn't be a problem! (Unless it's running normally and I'm just not used to stuff being this slow, heh).

My TP levels on both were around Daily S1 and round numbers. These were H4 3T trades, not MT trades.

Heck, if I could make +77.4 pips everyday and just take my profits there, I would certainly be a very rich and happy man.
  • #15,892
  • Jun 10, 2011 1:08am Jun 10, 2011 1:08am
Quoting JusticeFX
Running it on my gaming laptop. Very fast, i5-450m, 5850 mobility hd, 4GB RAM; it shouldn't be a problem! (Unless it's running normally and I'm just not used to stuff being this slow, heh).

My TP levels on both were around Daily S1 and round numbers. These were H4 3T trades, not MT trades.

Heck, if I could make +77.4 pips everyday and just take my profits there, I would certainly be a very rich and happy man.
True that. You don't have a GX-640 by chance? Specs sound very similar

I'm surprised you are having issues. My MT4 is very snappy, I actually leave my MT4 running while gaming all the time. Maybe it's the specific version of MT4 you are using? What broker? Off topic, what do you play?
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  • #15,893
  • Jun 10, 2011 1:13am Jun 10, 2011 1:13am
Quoting CrucialCraig
True that. You don't have a GX-640 by chance? Specs sound very similar

I'm surprised you are having issues. My MT4 is very snappy, I actually leave my MT4 running while gaming all the time. Maybe it's the specific version of MT4 you are using? What broker? Off topic, what do you play?
My, my, somebody knows their laptops!

Once loaded, MT4 is very snappy, it just seems slow to load the charts when I first boot it up. I'm with OANDA.

I play a lot of shooters: CS:S, BFBC2, TF2, stuff like that. I also have some strategy games like SC2. My biggest anticipated game of forever though is BF3 hands down.
  • #15,894
  • Jun 10, 2011 1:14am Jun 10, 2011 1:14am
I've also added a short position on EUR/USD based on H4 3T. TP set for Daily S1.
Looking to enter MT trades very soon.
  • #15,895
  • Jun 10, 2011 1:18am Jun 10, 2011 1:18am
Quoting JusticeFX
My, my, somebody knows their laptops!

Once loaded, MT4 is very snappy, it just seems slow to load the charts when I first boot it up. I'm with OANDA.

I play a lot of shooters: CS:S, BFBC2, TF2, stuff like that. I also have some strategy games like SC2. My biggest anticipated game of forever though is BF3 hands down.
I use Oanda for gap trading, but haven't tried their MT4 platform. It's not web-based like their default platform, is it? if not, I really don't know what the problem could be. Their web-based platform is pretty slow though, I can't stand it.

I actually am on my GX-640 right now. Love it. Have you tried APB: Reloaded? Don't want to hi-jack LG's wonderful trading thread, but it's a sweet TPS with some mmo features. Completely f2p and it's in OB.
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  • #15,896
  • Jun 10, 2011 1:20am Jun 10, 2011 1:20am
Quoting CrucialCraig
I use Oanda for gap trading, but haven't tried their MT4 platform. It's not web-based like their default platform, is it? if not, I really don't know what the problem could be. Their web-based platform is pretty slow though, I can't stand it.

I actually am on my GX-640 right now. Love it. Have you tried APB: Reloaded? Don't want to hi-jack LG's wonderful trading thread, but it's a sweet TPS with some mmo features. Completely f2p and it's in OB.
I'm just going to use OANDA for all my trading until I need an ECN. They seem very reputable. I don't really use their web-based platform at all to be honest, haha.

Give me a PM and we can talk about games! Maybe I'll add you on Steam or something and we can play sometime and discuss.
  • #15,897
  • Jun 10, 2011 1:21am Jun 10, 2011 1:21am
Does anybody notice a difference in success rates for MT trades when they are trading with monthly RSI vs. "against" it?
  • #15,898
  • Jun 10, 2011 1:22am Jun 10, 2011 1:22am
Up a good amount of pips right now...about +400.

Man does this system take some patience when trading live.

EURUSD just triggered for the MT system. Glad to hear it's also been triggered on the 4H 3T system (I'm in as well).
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  • #15,899
  • Jun 10, 2011 1:32am Jun 10, 2011 1:32am
Off for the evening, let's hope we all wake up with some pips.
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  • #15,900
  • Jun 10, 2011 2:03am Jun 10, 2011 2:03am
HI all, this MT trade is now +170 pts, second day might look good to enter again,

Question do you think its best to move past BE ? say lock in 100 points ? still giving it room to grow ?
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