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Trade What You See - Almost Naked Trading

  • #16,101
  • Jun 14, 2011 11:53pm Jun 14, 2011 11:53pm
Quoting lawgirl21
I am not understanding what is so confusing about entries. Take the trade when it sets up, it might be 8pm, 10pm or 2am. It generally takes the weekly direction several days to become reliable...there have been many discussions about that...by Thursday, I personally, will generally not place a trend trade against the RSI weekly direction, because I believe it to be a very powerful, reliable indication of weekly direction by then.

But, if the weekly has not set-up yet, it very often happens that there is a H1 4C BO, which does not require...
the problem might be the rsi values are different with different broker who have different open and close.

To find entrys with oanda is nearly impossible.

Compare RSI on both charts.

I do charting and entry with different broker and enter, what ever oanda is showing me.
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  • #16,102
  • Jun 14, 2011 11:53pm Jun 14, 2011 11:53pm
Quoting peaches
3 tap 4 h on the nzd/usd and nzd/jpy. EG short too.
Nice BO also.
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  • #16,103
  • Jun 14, 2011 11:59pm Jun 14, 2011 11:59pm
Quoting peaches
the problem might be the rsi values are different with different broker who have different open and close.

To find entrys with oanda is nearly impossible.

Compare RSI on both charts.

I do charting and entry with different broker and enter, what ever oanda is showing me.
Try taking an actual reading on the RSI from the Data Window, which is how I read the RSI for years until Scrutch developed the indicator with the arrows.

If the reading goes down, for example, from the previous day, then the direction is down, no matter what the arrows show. The arrows are trumped by the actual reading.
  • #16,104
  • Jun 15, 2011 1:37am Jun 15, 2011 1:37am
Well, 6 of my 9 from last night ended up hitting SL. I've added 6 new positions tonight, so again, going to sleep with 9 positions open.

Let's hope for another 6/10/2011 trend

Updates to come tomorrow.
Enter Signature
  • #16,105
  • Jun 15, 2011 1:38am Jun 15, 2011 1:38am
As long as OANDA's data feed is not messing with my entries, I'm fine.

I really need to start practicing those H1 4C BO those. It seems there is a lot of pips to be made there. Good PA practice as well.

As for me, got stopped out on EUR/JPY so far.
  • #16,106
  • Jun 15, 2011 8:06am Jun 15, 2011 8:06am
I woke up with a total of 2250 pips on two accounts.
  • #16,107
  • Jun 15, 2011 8:07am Jun 15, 2011 8:07am
Perfect!
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  • #16,108
  • Jun 15, 2011 8:09am Jun 15, 2011 8:09am
Another perfect BO.
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  • #16,109
  • Jun 15, 2011 8:11am Jun 15, 2011 8:11am
Chart
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  • #16,110
  • Jun 15, 2011 8:12am Jun 15, 2011 8:12am
Chart
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  • #16,111
  • Jun 15, 2011 8:13am Jun 15, 2011 8:13am
Chart
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  • #16,112
  • Jun 15, 2011 8:30am Jun 15, 2011 8:30am
Quoting lawgirl21
I woke up with a total of 2250 pips on two accounts.
Wow! Many Money Trees éh? Could be a Money Forest!
There`s no life before COFFEE!
  • #16,113
  • Jun 15, 2011 8:30am Jun 15, 2011 8:30am
I hope everyone is making pips. I am not hearing much from you guys, so I am takng no news as good news.

It is midweek now and we should be able to reasonably rely on PA direction for the rest of the week, and hopefully continuing.

I have 2 pairs: EURCAD and CADJPY that have multiple branches. Hopefully you guys have at least 1 or 2 pairs with several branches too, although they may not be the same as mine.

Remember that most of the probes we send out will get stopped, but that doesn't matter, as we are prepared for that. If one can't tolerate 20-40 straight losses, this may not be their method, and there is nothing wrong with that. I have had 12 early trades stopped out this week. But it is of no consequence because of the potential for 100's and 100's of pips.
  • #16,114
  • Jun 15, 2011 9:31am Jun 15, 2011 9:31am
Quoting lawgirl21
I hope everyone is making pips. I am not hearing much from you guys, so I am takng no news as good news.

It is midweek now and we should be able to reasonably rely on PA direction for the rest of the week, and hopefully continuing.

I have 2 pairs: EURCAD and CADJPY that have multiple branches. Hopefully you guys have at least 1 or 2 pairs with several branches too, although they may not be the same as mine.

Remember that most of the probes we send out will get stopped, but that doesn't matter, as we are prepared for that. If one can't tolerate...

Hi LG,

Been awhile since i post. I been reading this thread and following the setup and gettting good pips. Currently in EURAUD and EURUSD using the money tree method. Ard 300pips!! GREAT!!! Thanks for sharing the method. Many pips to all !
  • #16,115
  • Jun 15, 2011 9:34am Jun 15, 2011 9:34am
Quoting JGforex7780
Hi LG,

Been awhile since i post. I been reading this thread and following the setup and gettting good pips. Currently in EURAUD and EURUSD using the money tree method. Ard 300pips!! GREAT!!! Thanks for sharing the method. Many pips to all !
Good to hear from you. Sounds like you are doing really well. Thanks for letting me know.
  • #16,116
  • Edited 9:50am Jun 15, 2011 9:39am | Edited 9:50am
Quoting lawgirl21
I hope everyone is making pips. I am not hearing much from you guys, so I am takng no news as good news.

It is midweek now and we should be able to reasonably rely on PA direction for the rest of the week, and hopefully continuing.

I have 2 pairs: EURCAD and CADJPY that have multiple branches. Hopefully you guys have at least 1 or 2 pairs with several branches too, although they may not be the same as mine.

Remember that most of the probes we send out will get stopped, but that doesn't matter, as we are prepared for that. If one can't...
Dear LG,

I have found this thread on Friday, and has made 4 trades !H breakout, two, lost and two winners - winners were really nice - so covered the loss with much profit,
Thank You for the method and really inspireing discussion and posting discpline.

Thank You,

Peter
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Jesus Christ is my only Lord !
  • #16,117
  • Jun 15, 2011 12:14pm Jun 15, 2011 12:14pm
Hi LG,

I use the 3 tap 4 h method since 2 or 3 weeks.

I think its the best method which fits my needs, because Iám not able to trade 24 h / day.

- I like the method because I understand it.
- It`s a simple method.
- If loses appear they are limited, the key is to let the winners run

Thank you for the method

Tomorrow is an importend news day from the swiss national bank, so be prepared




Quoting lawgirl21
I hope everyone is making pips. I am not hearing much from you guys, so I am takng no news as good news.

It is midweek now and we should be able to reasonably rely on PA direction for the rest of the week, and hopefully continuing.

I have 2 pairs: EURCAD and CADJPY that have multiple branches. Hopefully you guys have at least 1 or 2 pairs with several branches too, although they may not be the same as mine.

Remember that most of the probes we send out will get stopped, but that doesn't matter, as we are prepared for that. If one can't tolerate...
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  • #16,118
  • Jun 15, 2011 1:27pm Jun 15, 2011 1:27pm
worth to watch 3 tap 4h for gbp/nzd.

would be a nice breakout trade.
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  • #16,119
  • Jun 15, 2011 1:35pm Jun 15, 2011 1:35pm
I have 4 MT trades alive still, total of +260 pips so far.. We're here, LG, just hiding in the trees..
  • #16,120
  • Jun 15, 2011 1:55pm Jun 15, 2011 1:55pm
I have a question. When can you rely on the weekly RSI? I find that on Monday, it changes, and Tuesday will change again based on movement. I am confused as to when to take it as a solid signal. By Friday, I know it won't change. Please advise. Thanks.
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