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Trade What You See - Almost Naked Trading

  • #16,741
  • Jul 12, 2011 1:48am Jul 12, 2011 1:48am
I dont trade the news but its is looking grim for the EUR



According to reports, as many as 6 Spanish banks have failed stress tests (including 5 savings banks and one medium sized bank).
From fxdd.com
http://www.forexfactory.com/images/misc/news_quote.gif BREAKING
  • #16,742
  • Jul 12, 2011 2:09am Jul 12, 2011 2:09am
Brent Crude BO
Attached Image
  • #16,743
  • Jul 12, 2011 2:20am Jul 12, 2011 2:20am
Quoting eltax100
I dont trade the news but its is looking grim for the EUR



According to reports, as many as 6 Spanish banks have failed stress tests (including 5 savings banks and one medium sized bank).
[b]From fxdd.com...
+ 71 pips now
There`s no life before COFFEE!
  • #16,744
  • Jul 12, 2011 2:46am Jul 12, 2011 2:46am
Amazing London morning for BO`s
Attached Image (click to enlarge)
Click to Enlarge Name: bo screen wow wow .jpg Size: 246 KB
  • #16,745
  • Jul 12, 2011 3:31am Jul 12, 2011 3:31am
Quoting eltax100
Amazing London morning for BO`s
Are you taking the first 4 opening candles after midnight high/low for your range?
The Kamakazi
  • #16,746
  • Jul 12, 2011 4:21am Jul 12, 2011 4:21am
Quoting eltax100
Amazing London morning for BO`s
Yeah. I closed at 700+ pips (it goes all the way to 800+ pips) right before the GBP news. No gold this time.

A good day. Gonna wait for the US to open and see whats next, or maybe take the day off.
Attached Image
  • #16,747
  • Jul 12, 2011 4:38am Jul 12, 2011 4:38am
I am new to this group but have been trading harmonic patternd for a while with limited success. I am interested in learning LawGirls systems. Could you please tell me the following. When looking at the H1 first 4 hour bars and drawing in the horizontal lines, I am very often too late to catch the M15 breakout. Can one wait for a retrace and use the same setup to get in or is it really too. ie do you then have to wait for the next day to start with your lines again? I am looking at several pairs where this has happened so it look to me as if I have to wake up at 3:00 am to place a trade???
  • #16,748
  • Jul 12, 2011 4:44am Jul 12, 2011 4:44am
Quoting Bl888
Are you taking the first 4 opening candles after midnight high/low for your range?
Hi Daniel


I take 3am UK time to 6am , just found this works for me when i get up at 6am and make a cupa tea turn the pc on and ready to go at say 6.20am UK time

you can change the indicator in the settings if it helps

Good luck
  • #16,749
  • Jul 12, 2011 5:57am Jul 12, 2011 5:57am
hello everybody, i'm the new one, and i tried to read this topic from the first page till end today, but it's so long, and i have tried to understand this method, but i dont know how to draw the trendline that i see in your pic, // trendline, or is it an indicator that will auto draw it for u? and another question that will you input order when it break trendline // ( i saw in the pic ) but have to confirm by RSI 3 ( for example under or upper 50 level ? ), and is this neccessary that at that time the signal of w1, d1, and h4 have the same signal ( down or up arrow)?
pls answer and thnks so much, and if have to download any indicator to setup this menthod, pls show me how and where to download
thnks so much again
  • #16,750
  • Jul 12, 2011 6:24am Jul 12, 2011 6:24am
Quoting zoracoustic
hello everybody, i'm the new one, and i tried to read this topic from the first page till end today, but it's so long, and i have tried to understand this method, but i dont know how to draw the trendline that i see in your pic, // trendline, or is it an indicator that will auto draw it for u? and another question that will you input order when it break trendline // ( i saw in the pic ) but have to confirm by RSI 3 ( for example under or upper 50 level ? ), and is this neccessary that at that time the signal of w1, d1, and h4 have the same signal...
Most of the info is on the first page of this thread.
Drawing the trendline for H1 4C BO can be done manually and also by indicator (see first page).
When to enter a trade depends on the price action and depends on personal preference (see first page).
Yes, it certainly helps if all the RSI's are in agreement when entering a trade.
Hope that helps.
Happy trading
  • #16,751
  • Jul 12, 2011 6:27am Jul 12, 2011 6:27am
Quoting Nijn
Happy trading
Good Morning! - Anything you looking @ before the 2 reports this AM?

mDf
  • #16,752
  • Jul 12, 2011 7:47am Jul 12, 2011 7:47am
Quoting maestrodforex
Good Morning! - Anything you looking @ before the 2 reports this AM?

mDf
To be honest, I did not know about reports coming out shortly.
I am not paying too much attention to all those reports, just too busy looking at those red candles on my screen

Personally I am looking at the sterling crosses.
Still short in cable and waiting to see if it will continue to fall below 1.58.
Still short in GBPJPY and wating to see if there will be a retest of today's low, about 100-150 pips below current level.
Attached Images
  • #16,753
  • Jul 12, 2011 7:53am Jul 12, 2011 7:53am
Quoting Nijn
To be honest, I did not know about reports coming out shortly.
I am not paying too much attention to all those reports, just too busy looking at those red candles on my screen

Personally I am looking at the sterling crosses.
Still short in cable and waiting to see if it will continue to fall below 1.58.
Still short in GBPJPY and wating to see if there will be a retest of today's low, about 100-150 pips below current level.
2 questions: which broker are you using for your live account and what are your settings for the hi/low (the hours you are using)?

mDf
  • #16,754
  • Jul 12, 2011 7:57am Jul 12, 2011 7:57am
Quoting Nijn
To be honest, I did not know about reports coming out shortly.
I am not paying too much attention to all those reports, just too busy looking at those red candles on my screen

Personally I am looking at the sterling crosses.
Still short in cable and waiting to see if it will continue to fall below 1.58.
Still short in GBPJPY and wating to see if there will be a retest of today's low, about 100-150 pips below current level.
Great Trades

Follow the line of least resistance
  • #16,755
  • Jul 12, 2011 8:06am Jul 12, 2011 8:06am
Quoting maestrodforex
2 questions: which broker are you using for your live account and what are your settings for the hi/low (the hours you are using)?

mDf
I use markets.com for trading.
But their time and date settings are a bit strange, resulting in 6 days/week on my daily charts.
My broker starts the day at 02:00hr local time (01:00hr London).
I use 23:00hrs local time (22:00hr London) as the start of trading day, since I consider that the close of the American session and the beginning of the new trading day in the Pacific.
  • #16,756
  • Jul 12, 2011 8:10am Jul 12, 2011 8:10am
What a morning! Im up about 300 pips in four pairs. Looks like everyone is banking pips.
  • #16,757
  • Jul 12, 2011 8:18am Jul 12, 2011 8:18am
Quoting eltax100
Great Trades

Follow the line of least resistance
Thanks.
Line of least resistance.....hmmmmm....hopefully that line is pointing down

Almost forgot one of my all time favourites for shorts, USDJPY.
Now trading below the 80 level, and I am looking for a nice level to sell.
Attached Images
  • #16,758
  • Jul 12, 2011 8:19am Jul 12, 2011 8:19am
Quoting Nijn
Thanks.
Line of least resistance.....hmmmmm....hopefully that line is pointing down

Almost forgot one of my all time favourites for shorts, USDJPY.
Now trading below the 80 level, and I am looking for a nice level to sell.

Don't you like how the HA candles smooth out PA?
  • #16,759
  • Jul 12, 2011 8:56am Jul 12, 2011 8:56am
Quoting lawgirl21
Don't you like how the HA candles smooth out PA?
Yes I like it
I have also included the averages as shown in that video.

What I like most is that the candles stay red during the whole decline.
It gives gives me a comfortable feeling and make me want to sell even more ...LOL
  • #16,760
  • Jul 12, 2011 9:54am Jul 12, 2011 9:54am
Quoting lawgirl21
Don't you like how the HA candles smooth out PA?
They do look interesting, I think they would help you stay in longer and managing a trade .

probably not much better on entering the trade, are you going to test these Lawgirl ?
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Eurone44