Trade What You See - Almost Naked Trading

I'm just not seeing any real BOs yet..even though the directins seem to be confirmed.

I have not entered any trades on a BO yet...too much chop.

I'm not sure what you mean by an emergency stop. I don't always use stops on BOs, but the R/S level is reasonable to place a stop.

I did enter this pair, but on a daily chart.

CC, I don't want to put a stop on this pair yet, but if I do, the Resistance level marked by the arrow would be where I put it...maybe even a little above.

Yeah, agreed. I jumped in prematurely. I'll wait them out to see if they continue in the same direction, but I probably should be waiting for some more definite movement.

Wow, very little movement this evening...

Patience is a virtue for those that are still out and waiting for a real move.

INMHO, I think the H1 BO strategy is without a doubt, one of the finest trading strategies I have ever seen. It is uncanny, that the 1st 4 hours of most of my trading days describe a trading range, that 7 out of 10 times break out of that range at almost the same time every evening. And I thank lawgirl 21 for the education.

I don't have the same confidence in the H4 3-Tap method or the Daily (Money Tree) method. I am not saying others should not follow these methods. Please, if you're profiting, don't abondon a profitable strategy.

lawgirl21 is, and I have never said this about a person that I only know thru the Internet, I feel lawgirl21 is a good person, and I can honestly say lawgirl21 has opened my eyes to things on charts I'd never even noticed before. And for that, I'm sincerely grateful.

But, I don't agree with all your stategies.

I don't agree with a 30 pip SL on the Daily. Set it, forget about it? Suicide. On the daily (and over) you have to have a bias. This isn't trading, it's an investment.

There is a difference.

But lawgirl21 is on the money when it comes to Price Action (PA), this is the most important lesson I learned here.

We need more people like you two in the world. People who are willing to give unconditionally, and people who are willing to take the time to stop and make a sincere thank you. So great to see.

Thanks a bunch! You are doing a phenomenal job.

Bagged 40 and 50 pips respectively with these 2 pairs around an hour ago, E/G C/JPY which i'd had running overnight. (Oz time) Out for 15 pips G/J an hour ish ago too.

And trade on what you see, not, what you perceive it to be, I believe this is lawgirl21's greatest contribution. Learn to read the charts. They tell you everything. Put the time in. Yes, it's time consuming, but so is an MBA. IF you can do it, the rewards will be immense.

On G/USD going south.

And right now, at around 6:45 pm Japan time the charts are flat. So, I'll see you all around 9:00 pm, which is usually when stuff happens around here

I wish everyone here good trading. Love you all.

You betcha Bobby.

I really don't see why i can't be making a consistent income from fx in 12 months time after getting my feet wet with the good folk here, and studying Price action. Demo trading for awhile yet, and loving it.

Best wishes to you. G.

Been -20/30 pips on this pair for a couple of hours on a 1H 4C BO, but the trend from what i can see with my limited knowledge seems to be down, so i'll just hang on and see where it goes. My S/L is around 50 pips for this one to give it some room. I don't feel experienced enough yet to leave bigger S/L.

G.

Story of a successful trader

The British pound took a huge dive south. My advice is stay out out of it. It looks like most of the move is over, for one thing. The other is there's news about the Pound, or more exactly, British banks, that the failure of the Europeans to reach an agreement on bailing out the Greeks, is going to have a negative impact on the British currency. It's all Greek to me. But, there is Support in the 128.90 area. Right now it's arounf 129. The only reason I mention this is, initially, it appeared that the gbp was going to break Long. And then "whamo", it headed South for several hours. I have no idea why it did it at this time.

Keep an eye on the NZD pairs. An upward trend is in the beginning stages. This is not a trading tip, LOL! Just a heads up. I know nzd is a low volume currency, but many traders like to use the nzd for hedging against other currencies like jpy and usd.

Ovyah thankyou,

And i would add, throw in some time away from making money, such as exercise, good nutrition, friends, family, and lot's of laughter, and we're on the way to a healthier work/life balance, many would say.

Well, i've made around 120 odd pips in the last 5 hours, plus, had 2 trades i'd let run overnight, which happened to bring in 90 pips between them, so a little over 200 pips in 24 hrs.

Demo trading the 1H 4C BO method. I just keep referring back to LG's rules on page 1, and am studying candlesticks too.

Happy trading folk's. G-bloke.

A nice BO after hours of chop

My best trade of the week so far. I entered on a daily chart, but a very nice BO too. Up 125 pips.

Very nice BO that started opening hour of London session.

Presently I'm short usdchf ( active) and short usdjpy (pending).
I'm long nzdusd (active)
All H1 charts.
I have S/L at support and/or resistance.
At the present time, the RSI indicators agree/confirm