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Trade What You See - Almost Naked Trading

  • #16,241
  • Jun 20, 2011 4:44am Jun 20, 2011 4:44am
Hi GB
yes they show for the whole day but I believe you can shorten them by going into the properties for the indicator
  • #16,242
  • Jun 20, 2011 4:55am Jun 20, 2011 4:55am
Howi,

Thanks for your response. How's your trading going?

G.
'Fail to plan, plan to fail'
  • #16,243
  • Jun 20, 2011 5:07am Jun 20, 2011 5:07am
Will this 1H 4C BO strategy work consistently? Have made a few decent pip's today as stated in earlier post. What are your thought's folk's?

Am i in heaven? lol....;-)
'Fail to plan, plan to fail'
  • #16,244
  • Jun 20, 2011 5:12am Jun 20, 2011 5:12am
Quoting HowiB
Hi GB

go to page one there is a download indicator that will draw those lines for the first candles (I am in NZ so trade as you do) the lines are drawn from the start of trading day for you broker. Will save you lots of confusion.
Or you can use this, apply as many times as you want !

First Page - Daily Boxes-Lines indicator @ Forex Factory
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Click to Enlarge Name: ex_4.gif Size: 31 KB
OPPORTUNITY IS NOWHERE
  • #16,245
  • Jun 20, 2011 5:19am Jun 20, 2011 5:19am
Quoting Guitarbloke
Howi,

Thanks for your response. How's your trading going?

G.
Hi GB

Actually was doing really well last week with MT sitting around +30% by Thurs but forgot what I was doing right and took myself to breakeven.
Have struggled with BO because I focus too much on the Eu/Us and it has a nasty habit of reversing back to the channel after breaking out.
  • #16,246
  • Edited 7:51am Jun 20, 2011 6:11am | Edited 7:51am
Greetings once more,

Okay i acknowledge my boofhead factor. And of course, i'll find the answer to this query eventually. But for now, is trading away from the initial S/R first 4 candle (1H 4H BO) lines dodgy? Should i re-draw the S/R lines every 8 hours ish?

Thank's folk's, and good trading.
'Fail to plan, plan to fail'
  • #16,247
  • Jun 20, 2011 6:23am Jun 20, 2011 6:23am
I think you will be having good knowledge in forex trade. And thanks for sharing this information. This will be helpful for people who are planning to start with forex trading.
  • #16,248
  • Jun 20, 2011 6:45am Jun 20, 2011 6:45am
CAD CHF second bite ?
Attached Image
  • #16,249
  • Jun 20, 2011 6:45am Jun 20, 2011 6:45am
Quoting Guitarbloke
Greetings once more,

Okay i acknowledge my boofhead factor. And of course, i'll find the answer to this query eventually. But for now, is trading away from the initial S/R first 4 candle (1H 4H BO) lines dodgy? Should i re-draw the S/R lines every 4 hours?

Thank's folk's, and good trading.
For the purpose of 1H 4H BO LG draws her lines once from 1st 4 candles of her broker's day (FXDD). Thereafter of course she would draw CBO lines at any area throughout the day where there is potential for a consolidation BO (CBO).
Hope that helps.
  • #16,250
  • Jun 20, 2011 7:48am Jun 20, 2011 7:48am
Thank's Phil 22,

Still slightly mystified, but will keep reading and absorbing.

Take care, Greg.
'Fail to plan, plan to fail'
  • #16,251
  • Jun 20, 2011 8:06am Jun 20, 2011 8:06am
eur/usd
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  • #16,252
  • Jun 20, 2011 8:11am Jun 20, 2011 8:11am
eur/jpy watch
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  • #16,253
  • Jun 20, 2011 8:21am Jun 20, 2011 8:21am
Quoting lawgirl21
Put on your watch list.
Nice BO, now in retrace, may head down again for a ZC trade.
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  • #16,254
  • Jun 20, 2011 8:24am Jun 20, 2011 8:24am
Quoting lawgirl21
Chart
Same thing here...nice BO, now pulling back, may continue down for a ZC trade.
Attached Image
  • #16,255
  • Jun 20, 2011 8:26am Jun 20, 2011 8:26am
1hr BO at 200 MA support currently
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  • #16,256
  • Jun 20, 2011 8:36am Jun 20, 2011 8:36am
Quoting airbeat
1hr BO at 200 MA support currently
I'm in this pair too. Looking at the pair on larger timeframes and if using the 200EMA to help establish overall long term direction, the trend is down and has been since at least July 2010.
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  • #16,257
  • Jun 20, 2011 8:39am Jun 20, 2011 8:39am
On the AUD/JPY heading north, By the time i post this, it'll be heading south.

Thankyou.
'Fail to plan, plan to fail'
  • #16,258
  • Jun 20, 2011 8:48am Jun 20, 2011 8:48am
Quoting lawgirl21
I'm in this pair too. Looking at the pair on larger timeframes and if using the 200EMA to help establish overall long term direction, the trend is down and has been since at least July 2010.
I posted the chart then didn't enter.. duh!!! just holding long eur/usd and eur/jpy currently.
  • #16,259
  • Jun 20, 2011 9:29am Jun 20, 2011 9:29am
Eur/jpy. Still life in it? Cross referenceing the 15M.
'Fail to plan, plan to fail'
  • #16,260
  • Jun 20, 2011 9:34am Jun 20, 2011 9:34am
Quoting Guitarbloke
Will this 1H 4C BO strategy work consistently? Have made a few decent pip's today as stated in earlier post. What are your thought's folk's?

Am i in heaven? lol....;-)
Hi GB

Ive been trading this live (with this system) for 6 months and made over 2000 pips profit, so it does work, you just need to make sure you dont take every brakeout as they can turn on you.

Im in the UK, and always used to take a BO around 7am GMT, only to find out the trade would turn. Now I never take a BO untill after the 9am Candle close, just to make sure it isnt going to turn, yeah you may leave a few pips on the table, but this will keep you out of a lot of bad trades.

.......and if you really want to try your luck, you could trade the 9am candle as it turns, ive done that a few time, but i normally try to keep to trading BO's
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