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Trade What You See - Almost Naked Trading

  • #16,661
  • Jul 6, 2011 4:24am Jul 6, 2011 4:24am
I stumbled onto LG's thread 10 days ago and have started digesting page by page. I am indeed hooked and really enjoy reading what everyone has to say. I am now up to page 83 and have not made any progress at all in trying to catch up with you guys. Thread #1 laid the foundation for how LG intended this system to be traded & I am doing my best to catch up with you all but sadly, with another 1000+ pages to get through, I feel as though I am dropping behind. So I am able to at least watch & learn from all of the current posts being made, can you tell me if there are major modifications to the rules since thread #1 summary and if so, where are these documented. The screen shots of trades taken appear to be a bit different from those originally posted in the early stages , so I can only guess there have been some modifications made .
Congratulations LG and also to your contributors - great team effort .
  • #16,662
  • Jul 6, 2011 4:26am Jul 6, 2011 4:26am
what the hell go for it
Attached Image
  • #16,663
  • Jul 6, 2011 4:47am Jul 6, 2011 4:47am
Quoting binnie
I stumbled onto LG's thread 10 days ago and have started digesting page by page. I am indeed hooked and really enjoy reading what everyone has to say. I am now up to page 83 and have not made any progress at all in trying to catch up with you guys. Thread #1 laid the foundation for how LG intended this system to be traded & I am doing my best to catch up with you all but sadly, with another 1000+ pages to get through, I feel as though I am dropping behind. So I am able to at least watch & learn from all of the current posts being made, can you tell...
I am using the same rules for the 1HBO, managing the trade sometimes with 15 min charts, however I think that's normal for this type of trade.

Using the 1Hbo to enter MT by leaving some of the trade open.

Good luck
  • #16,664
  • Jul 6, 2011 4:52am Jul 6, 2011 4:52am
Quoting binnie
I stumbled onto LG's thread 10 days ago and have started digesting page by page. I am indeed hooked and really enjoy reading what everyone has to say. I am now up to page 83 and have not made any progress at all in trying to catch up with you guys. Thread #1 laid the foundation for how LG intended this system to be traded & I am doing my best to catch up with you all but sadly, with another 1000+ pages to get through, I feel as though I am dropping behind. So I am able to at least watch & learn from all of the current posts being made, can you tell...
Ofcourse you can read all of the posts
I`d say just read Post #1 again and again... print it, so you can read it anytime whereelse where you are.
Post #1 has been updated several times, so you don`t have to read all posts. Start practicing on demo...and follow the last posts here.

Good luck and patience...
There`s no life before COFFEE!
  • #16,665
  • Jul 6, 2011 5:34am Jul 6, 2011 5:34am
Quoting jalkok
Ofcourse you can read all of the posts
I`d say just read Post #1 again and again... print it, so you can read it anytime whereelse where you are.
Post #1 has been updated several times, so you don`t have to read all posts. Start practicing on demo...and follow the last posts here.

Good luck and patience...
Yes I agree

Its like having a pile of gold in front of you and someone says have you seen how much the shovels cost these days !!

This thread could help make you that fortune over time
  • #16,666
  • Jul 6, 2011 5:42am Jul 6, 2011 5:42am
Dont often post but thought that at this time on the EURUSD this may be interesting.

We all know about big numbers but for clarity I repeat them:

!.4000 - 1.4100 - 1.4200 - 1.4300 - 1.4400 - 1.4500 etc.

However I also keep a special 'heads up' at the following numbers.

1.4000 - 14200 - 1.4350 - 14500 - 1.4650 - 1.4800 - 1.5000.

At this time EURUSD is around the 1.4350 area.

Try these numbers on any large timeframe chart.

Best Regards,
Glanfx[/quote]

I know how you all like Chart Pics so here is a Weekly EURUSD illustrating the above.

I do realise that it is not the chart that you all work and trade from and I am not suggesting that trading charts should be covered in lines like this.

What I am suggesting is that a separate chart like this be kept for analysis purposes.

Best Regards,
Glanfx
Attached Image (click to enlarge)
Click to Enlarge Name: special levels - eurusd weekly.gif Size: 30 KB
  • #16,667
  • Jul 6, 2011 7:30am Jul 6, 2011 7:30am
Quoting glanfx
Dont often post but thought that at this time on the EURUSD this may be interesting.

We all know about big numbers but for clarity I repeat them:

!.4000 - 1.4100 - 1.4200 - 1.4300 - 1.4400 - 1.4500 etc.

However I also keep a special 'heads up' at the following numbers.

1.4000 - 14200 - 1.4350 - 14500 - 1.4650 - 1.4800 - 1.5000.

At this time EURUSD is around the 1.4350 area.

Try these numbers on any large timeframe chart.

Best Regards,
Glanfx
I know how you all like Chart Pics so here is a Weekly EURUSD illustrating the above.

I do realise that it is not the chart that you all work and trade from and I am not suggesting that trading charts should be covered in lines like this.

What I am suggesting is that a separate chart like this be kept for analysis purposes.

Best Regards,
Glanfx[/quote]

Is this for this thread ?

Almost Naked Trading
  • #16,668
  • Jul 6, 2011 8:49am Jul 6, 2011 8:49am
My best trade of the day (placed yesterday around 4 hrs. into the new daily candle)
Attached Image (click to enlarge)
Click to Enlarge Name: new setup 1.gif Size: 12 KB
  • #16,669
  • Jul 6, 2011 12:00pm Jul 6, 2011 12:00pm
Quoting lawgirl21
My best trade of the day (placed yesterday around 4 hrs. into the new daily candle)
Hi Lawgirl,

I understand why you traded long, but I do not get it at first glance why you entried that early. According to your rules I would have expected your long entry at the upper line of the box ... or am I mistaken ?

Have a nice day!
  • #16,670
  • Jul 6, 2011 2:17pm Jul 6, 2011 2:17pm
I would say this is truly an outstanding complementary trading methodology with my own style of trading the trend. Though I'm taking only some of the stuff I really do find useful. And I quite disagree with the use of reading the RSI using the arrow indicator. I'd rather interpret it manually. As well as the importance of price action as the BO method might have breakout on both side of the box drawn, rather than only opening a trade based on the fact a candle opened outside the box.

The attached image shows trades based on your method complementing with my own trading style.

Thanks Lawgirl for contributing this trading method here at FF.
Attached Image
  • #16,671
  • Edited 3:13am Jul 7, 2011 3:02am | Edited 3:13am
EURGBP was a candidate for 3 tap this morning but I didn't take it because the Daily RSI was still pointing up at the time. I assume I was right to stay out, even though now it looks like a good trade?

By the way, can somebody advise me on how people are displaying pictures within the message rather than as an attachment like I have?

Thanks in advance for your help,

Mark
Attached Image
  • #16,672
  • Jul 7, 2011 3:25am Jul 7, 2011 3:25am
Hi there, I am a new trader and liked your post on trade what you see...can I use this system on the marketscope platform I use with fxcm ? And what about the arrow indicators as I dont think this is on marketscope.


Many thanks

Ronnie
  • #16,673
  • Jul 7, 2011 3:29am Jul 7, 2011 3:29am
Quoting MarkyBoy
EURGBP was a candidate for 3 tap this morning but I didn't take it because the Daily RSI was still pointing up at the time. I assume I was right to stay out, even though now it looks like a good trade?

By the way, can somebody advise me on how people are displaying pictures within the message rather than as an attachment like I have?

Thanks in advance for your help,

Mark
Mark, for displaying pictures within the message, try making a gif file instead of bmp file.

On my EURGBP chart , the RSI's are giving mixed signals at this moment.
Only the weekly and monthly are pointing down.
Attached Image
  • #16,674
  • Jul 7, 2011 3:54am Jul 7, 2011 3:54am
Quoting MarkyBoy
EURGBP was a candidate for 3 tap this morning but I didn't take it because the Daily RSI was still pointing up at the time. I assume I was right to stay out, even though now it looks like a good trade?

By the way, can somebody advise me on how people are displaying pictures within the message rather than as an attachment like I have?

Thanks in advance for your help,

Mark
Right-Click on chart - save as picture - save on desktop - upload as attachment from desktop...
thats all
There`s no life before COFFEE!
  • #16,675
  • Jul 7, 2011 4:10am Jul 7, 2011 4:10am
Quoting Nijn
Mark, for displaying pictures within the message, try making a gif file instead of bmp file.

On my EURGBP chart , the RSI's are giving mixed signals at this moment.
Only the weekly and monthly are pointing down.
Ok, thanks. Your RSI is different to mine (14 rather than 3) which might be why our indicators look different
  • #16,676
  • Jul 7, 2011 4:44am Jul 7, 2011 4:44am
Quoting MarkyBoy
Ok, thanks. Your RSI is different to mine (14 rather than 3) which might be why our indicators look different
We use the same RSI(3) to calculate the arrows, see attached charts, and the following post :
http://www.forexfactory.com/showthre...10#post4753510


I think it's because our brokers have different start of the trading day.
So we have different daily candles, and different H4 candles, same issue as in the following post:

http://www.forexfactory.com/showthre...88#post4737688
Attached Images
  • #16,677
  • Jul 7, 2011 9:24am Jul 7, 2011 9:24am
USDCAD, overnight H1 BO.
I took the trade on the downside break out, now already testing this week low.
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  • #16,678
  • Jul 7, 2011 9:32am Jul 7, 2011 9:32am
EURCAD, overnight H1 BO, and H43T.
Took the trade after it tapped the blue H4 line and again after the downside break out.
Trying to re-enter short again.
Loonie MoneyTree
Attached Image
  • #16,679
  • Jul 7, 2011 9:37am Jul 7, 2011 9:37am
AUDUSD, overnight H4 3Tap.
Took the trade on the first price action overnight.
Waiting for more price action and a break above previous top 1.0775.
Aussie MoneyTree
Attached Image
  • #16,680
  • Jul 7, 2011 10:13am Jul 7, 2011 10:13am
NZDUSD on the watchlist for a break out.
Has been in the same trading range for a week.
Needs to show some price action, that would make a deilicious kiwi MoneyTree
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