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Trade What You See - Almost Naked Trading

  • #16,461
  • Jun 27, 2011 7:46am Jun 27, 2011 7:46am
Eltax - have you identified any pairs that this works best on or is it just personal preference for you?

Also, can i ask - do you wait for a break of the line on the hourly and then wait for a continuation of the move on the 15 min chart like Lawgirl does for example or do you wait for an hourly candle to both form and close below/above the line?

Sorry to pound you with questions but having looked back through the thread there does seem to be a range of different triggers for this system.

Appreciate your help.

Many thanks.
  • #16,462
  • Jun 27, 2011 8:17am Jun 27, 2011 8:17am
Quoting Pippage
Eltax - have you identified any pairs that this works best on or is it just personal preference for you?

Also, can i ask - do you wait for a break of the line on the hourly and then wait for a continuation of the move on the 15 min chart like Lawgirl does for example or do you wait for an hourly candle to both form and close below/above the line?

Sorry to pound you with questions but having looked back through the thread there does seem to be a range of different triggers for this system.

Appreciate your help.

Many thanks.

Hi Pippage

I must stress I am no expert, I am just using LG`s ideas in a way that`s ok for me.

I think I am using the same BO entry as LG, Good PA a break of the line then a nice entry 15min candle.

Also sometimes you might notice a BO a bit later than you would have liked you can still enter or look for a ZC trade.
  • #16,463
  • Jun 27, 2011 8:18am Jun 27, 2011 8:18am
This is the only true BO I've seen during the entire London session.
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  • #16,464
  • Jun 27, 2011 8:21am Jun 27, 2011 8:21am
This pair has been trading in a very tight range for hours. RSIs and PA indicates that it may be breaking short any time now.
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  • #16,465
  • Jun 27, 2011 8:27am Jun 27, 2011 8:27am
Been watching this one also. Just went short on the 15min close. Got stopped out on usd/jpy from earlier short that reversed.
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  • #16,466
  • Edited 9:16am Jun 27, 2011 8:32am | Edited 9:16am
Quoting lawgirl21
This pair has been trading in a very tight range for hours. RSIs and PA indicates that it may be breaking short any time now.
NZDUSD is also an H4 3tap but waiting for it to convincingly break the lows as it still has it's Sun gap to fill.
  • #16,467
  • Jun 27, 2011 8:53am Jun 27, 2011 8:53am
Quoting airbeat
Been watching this one also. Just went short on the 15min close. Got stopped out on usd/jpy from earlier short that reversed.
Well once again not watching Price action at the close has been disastrous.
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  • #16,468
  • Jun 27, 2011 8:54am Jun 27, 2011 8:54am
BO or whatever? I`m up54 pips...
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There`s no life before COFFEE!
  • #16,469
  • Jun 27, 2011 9:23am Jun 27, 2011 9:23am
Quoting jalkok
BO or whatever? I`m up54 pips...
Terrific! As long as the chart can be watched, there are pips to be made in this choppy market.
  • #16,470
  • Jun 27, 2011 9:25am Jun 27, 2011 9:25am
This is my best trade of the morning...got in when that consolidation broke.
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  • #16,471
  • Jun 27, 2011 10:34am Jun 27, 2011 10:34am
Long GBP/JPY at london open today. Earned heaps of Pips. Oh LG, youre my savior ) ha ha. JK
  • #16,472
  • Jun 27, 2011 11:12am Jun 27, 2011 11:12am
A MoneyTree trade that I have at the office is doing well. I have 3 branches 1) up 135, 2) up 85 and 3) up 50.
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  • #16,473
  • Jun 27, 2011 11:12am Jun 27, 2011 11:12am
Quoting lawgirl21
Terrific! As long as the chart can be watched, there are pips to be made in this choppy market.
Up 101 pips right now...
Could be a nice MT Trade?
There`s no life before COFFEE!
  • #16,474
  • Jun 27, 2011 12:00pm Jun 27, 2011 12:00pm
Quoting jalkok
Up 101 pips right now...
Could be a nice MT Trade?
Exactly, if the trade survives the day..add another position.
  • #16,475
  • Jun 27, 2011 12:21pm Jun 27, 2011 12:21pm
All three of my BO trades reversed and hit my SL today. Bummed out. Glad to see others making pips today but I'm taking a break. Hate this losing streak!
  • #16,476
  • Jun 27, 2011 1:08pm Jun 27, 2011 1:08pm
Quoting airbeat
All three of my BO trades reversed and hit my SL today. Bummed out. Glad to see others making pips today but I'm taking a break. Hate this losing streak!
That's probably a good idea. I have to do that every once in awhile, we probably all do it.

BOs weren't great last week and although it is early, may not be good this week either. I was amazed at the huge range between the R/S levels for the 4C BOs...much larger than usual.
  • #16,477
  • Jun 27, 2011 5:37pm Jun 27, 2011 5:37pm
Quoting lawgirl21
This pair has been trading in a very tight range for hours. RSIs and PA indicates that it may be breaking short any time now.
I took a long position after the break out, I'm now waiting for the price to move up to close the gap.
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  • #16,478
  • Jun 27, 2011 8:16pm Jun 27, 2011 8:16pm
On BO watch list.
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  • #16,479
  • Jun 27, 2011 10:50pm Jun 27, 2011 10:50pm
hi lawgirl e chart is yest eurusd

e first candle is red candle down izzit a 3 tap set up ??
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  • #16,480
  • Jun 28, 2011 2:37am Jun 28, 2011 2:37am
Just added a branch...
First = up129pips
second = up 12 pips
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There`s no life before COFFEE!
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