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Trade What You See - Almost Naked Trading

  • #16,561
  • Jun 30, 2011 9:17am Jun 30, 2011 9:17am
Just a reminder: This SHOULD be our best trading day of the week, but not against the weekly RSI unless you intend a countertrend trade.
  • #16,562
  • Jun 30, 2011 9:32am Jun 30, 2011 9:32am
Looks good Daily BO
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Click to Enlarge Name: usd cad poss daily entry 30.gif Size: 10 KB
  • #16,563
  • Jun 30, 2011 9:32am Jun 30, 2011 9:32am
Quoting Nijn
EURCHF break out and rally.
Missed this big move....
  • #16,564
  • Jun 30, 2011 9:58am Jun 30, 2011 9:58am
Quoting JGforex7780
Missed this big move....
I already took profit on the long EURCHF, but somewhat too early, so I didn't enjoy the whole rally into the 1,22.

Also missed the reversal up in USDJPY, I didn't see that coming.
I was cooking and missed the move while stirring in the pan.
So I'm still short there waiting for new price action.
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  • #16,565
  • Jun 30, 2011 10:07am Jun 30, 2011 10:07am
Up 36 now
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  • #16,566
  • Jun 30, 2011 11:13am Jun 30, 2011 11:13am
Quoting Nijn
Also a break out.
i am in this one, though it is stalling now
  • #16,567
  • Jun 30, 2011 11:45am Jun 30, 2011 11:45am
I'm at my office now, looking at my office account which is up a total of around 850 pips from yesterday. I entered these trades between 2:00 and 4:00 p.m. on the new daily candle. (My new day starts at 2:00 pm PST)

I have been comparing these daily entries to entries from the H4 charts, which is my home account, and am finding that the daily entries are outperforming the H4 entries significantly.

I am also no longer using the 30 pip stops and I believe that has stopped the whipping around problem, although the loss can be greated than 30 pips.

This afternoon with the open of the new daily candle, I will evaluate each trade and hopefully add branches or close losing pairs.

I would like to hear from others who may be still interested in the longer term trades and how they are working out...adding branches? etc.
  • #16,568
  • Jun 30, 2011 11:47am Jun 30, 2011 11:47am
Daily 3 Tap
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  • #16,569
  • Jun 30, 2011 11:49am Jun 30, 2011 11:49am
Chart
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  • #16,570
  • Jun 30, 2011 11:54am Jun 30, 2011 11:54am
[quote=lawgirl21;4741367]
This afternoon with the open of the new daily candle, I will evaluate each trade and hopefully add branches or close losing pairs.
quote]


That being said, I am going to exit this trade now as everything has gone against me and I don't think waiting 5 more hours will change anything.
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  • #16,571
  • Jun 30, 2011 12:30pm Jun 30, 2011 12:30pm
Quoting lawgirl21
I'm at my office now, looking at my office account which is up a total of around 850 pips from yesterday. I entered these trades between 2:00 and 4:00 p.m. on the new daily candle. (My new day starts at 2:00 pm PST)

I have been comparing these daily entries to entries from the H4 charts, which is my home account, and am finding that the daily entries are outperforming the H4 entries significantly.

I am also no longer using the 30 pip stops and I believe that has stopped the whipping around problem, although the loss can be greated than...
I'm still interested and still working to make HTF trading to fit my personality more.
A woman drove me to drink, and I forgot to thank her
  • #16,572
  • Jun 30, 2011 12:34pm Jun 30, 2011 12:34pm
Hey

I keep getting caught at the wrong end of the H1 BO's.

Any of you got some tips on how to spot a fake BO? I use the 15m candles and wait for the candle to open and close above the resistance lines... is that correct?

Am I right in saying if it fails and it does that on a M15 chart the BO failed? Also any reccomendations on stop placement (should be at the H1 support right?)

Thanks .
  • #16,573
  • Jun 30, 2011 1:07pm Jun 30, 2011 1:07pm
Hi, I am new member on west coast PST and would like to ask about session start time for your H1 4C bo .... what time to use and how to change it.. thx
  • #16,574
  • Jun 30, 2011 1:40pm Jun 30, 2011 1:40pm
After several Demo sessions I started today using the H1BO method on my live account. Just wanted to share with you my first results:

EURGBP +23 pips
EURCAD +25 pips
EURCHF +25 pips
USDCAD +30 pips

  • #16,575
  • Jun 30, 2011 1:41pm Jun 30, 2011 1:41pm
Quoting ConstantFX
Hey

I keep getting caught at the wrong end of the H1 BO's.

Any of you got some tips on how to spot a fake BO? I use the 15m candles and wait for the candle to open and close above the resistance lines... is that correct?

Am I right in saying if it fails and it does that on a M15 chart the BO failed? Also any reconsiderations on stop placement (should be at the H1 support right?)

Thanks .

Have a look at LG's post 11190 gives a great example of a BO with questions and answers.

It helped me, its not just about what pops over the line but the nature of the PA and the way it gets their, anyhow that's a fantastic post to look at

Hope that helps
  • #16,576
  • Jun 30, 2011 1:53pm Jun 30, 2011 1:53pm
Quoting eltax100
Have a look at LG's post 11190 gives a great example of a BO with questions and answers.

It helped me, its not just about what pops over the line but the nature of the PA and the way it gets their, anyhow that's a fantastic post to look at

Hope that helps
Thanks for the response eltax..that really helps me out.
  • #16,577
  • Jun 30, 2011 2:11pm Jun 30, 2011 2:11pm
We have reached the 2 million views mark on this thread and are the 3rd most visited thread on the Trading Systems Forum. I am very proud of that and have all of you to thank.

Reaching the 2 million mark was a personal goal I had set and was hoping to meet by the 1 year "anniversay". The goal was met about 3 months early...again thanks to the interests of all of you in the thread.

I will be reevaluating my level of involvement going forward, however, as my personal trading has really suffered due to the time commitment here and I need to get back to serious live trading.

I hope the thread will continue without me, but it is going to take committment (postings) from more of you, I believe, if it is to do so. Anyway, just some thinking outloud on my part. I have really enjoyed being here and hope that I have been of help.

  • #16,578
  • Jun 30, 2011 3:01pm Jun 30, 2011 3:01pm
Quoting lawgirl21
We have reached the 2 million views mark on this thread and are the 3rd most visited thread on the Trading Systems Forum. I am very proud of that and have all of you to thank.

Reaching the 2 million mark was a personal goal I had set and was hoping to meet by the 1 year "anniversay". The goal was met about 3 months early...again thanks to the interests of all of you in the thread.

[font=Arial Black][size=4]I will be reevaluating my level of involvement going forward,...
It has been very interesting to watch this unfold. You are a person of high moral character which is refreshing. May I ask if you will seek a commercial entity with the trading and if so may we follow there?
  • #16,579
  • Jun 30, 2011 3:25pm Jun 30, 2011 3:25pm
Thank you seems inadequate for what you've given us. A very possible livelyhood that will replace our current jobs which equals more time for those things that we love which effects our family/friends etc... the ripple effect of your efforts here are endless. So thank you again.
  • #16,580
  • Jun 30, 2011 3:36pm Jun 30, 2011 3:36pm
Congrats with the 2 million views !!!
You are not leaving this thread are you ? (I just joined this week).
I hope to see a lot of charts being posted by all the chart lovers
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