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Trade What You See - Almost Naked Trading

  • #16,901
  • Jul 19, 2011 3:35am Jul 19, 2011 3:35am
Quoting daniel.dna
Luck and probability. Good luck to all of us.



Same here. Trying to be satisfied with the pips. Quite a lot of times trying to let it run, and it did and turn its way around at the end.

Closed my frankfurt and london trades. 8 pairs, 129 pips. Waiting for the right entry again now, especially after I missed Gold just now.
When I am ready to take profit I mostly leave 30% of the trade still open to build longer term positions and lately these haven't paid off, at some point trends will resume after the turbulence

money left in or MT trades in USD/CHF CHF/JPY NZD/USD
  • #16,902
  • Jul 19, 2011 3:50am Jul 19, 2011 3:50am
Yes the market is nervous and jumping around. I think it will get even more nervous and more volatile the next days/weeks.

Just switched on my screens and seeing opportunities in AUDUSD.
Still trading in the same range (1.05-1.08) like the previous weeks/months.
Just ended the downmove yesterday with a higher bottom around 1.0550 (new H4 3T) and breached the downward H4 3T line on the upside.
RSI's are looking good, price is now struggling to overcome Friday's high.
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  • #16,903
  • Jul 19, 2011 3:50am Jul 19, 2011 3:50am
you guys also see the 3 tap trade in USdCHF.. further on the daily chart we saw yesterday some kind of pin bar.. you in as well?
  • #16,904
  • Jul 19, 2011 4:41am Jul 19, 2011 4:41am
Quoting Oliver Grund
you guys also see the 3 tap trade in USdCHF.. further on the daily chart we saw yesterday some kind of pin bar.. you in as well?
I don't see the pinbar, maybe you can post the chart.
Yesterday I thought the strong downtrend from last week will turn into sideways trading between 81-82.
I was still short in this one.
Now it It looks like a upside BO out of this range, and I closed my shorts, but there is no upside momentum and the RSI's are mixed.
So I'm not very eager entering a long trade right now.
I prefer to wait for the upside correction and see how far it reaches, and probably enter short again.
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  • #16,905
  • Jul 19, 2011 5:11am Jul 19, 2011 5:11am
Quoting daniel.dna
Luck and probability. Good luck to all of us.



Same here. Trying to be satisfied with the pips. Quite a lot of times trying to let it run, and it did and turn its way around at the end.

Closed my frankfurt and london trades. 8 pairs, 129 pips. Waiting for the right entry again now, especially after I missed Gold just now.
Daniel - would you care to post your trades please, so i can see what i missed - 129 pips is excellent for a morning like this - i am currently 35 pips up on a long in AUDUSD

thanks.
  • #16,906
  • Jul 19, 2011 8:02am Jul 19, 2011 8:02am
Quoting dimlat
Daniel - would you care to post your trades please, so i can see what i missed - 129 pips is excellent for a morning like this - i am currently 35 pips up on a long in AUDUSD

thanks.
105 pts today and 3 trades still running as MT trades
  • #16,907
  • Jul 19, 2011 8:16am Jul 19, 2011 8:16am
Quoting lawgirl21
RSIs tell us something is going to be happening sooner or later.
Do you mean divergence?
  • #16,908
  • Jul 19, 2011 8:20am Jul 19, 2011 8:20am
Very nice BO
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  • #16,909
  • Jul 19, 2011 8:21am Jul 19, 2011 8:21am
Quoting eltax100
105 pts today and 3 trades still running as MT trades
Great work eltax. I do not have any MT trades running right now.
  • #16,910
  • Jul 19, 2011 10:35am Jul 19, 2011 10:35am
Quoting lawgirl21
Great work eltax. I do not have any MT trades running right now.
And now we have 1 MT trade NZD/USD 72pts from stop ! it must hang on in their
  • #16,911
  • Jul 19, 2011 2:22pm Jul 19, 2011 2:22pm
Quoting eltax100
And now we have 1 MT trade NZD/USD 72pts from stop ! it must hang on in their
Well done !!!

I was away most of the day, so no new trades for me today, except that now I see that my long XAU has been stoppped out.
All the MoneyTrees have been chopped down.
Time to plant new ones
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  • #16,912
  • Jul 19, 2011 5:57pm Jul 19, 2011 5:57pm
You have my full respect for sharing your system Lawgirl. My question is about the H14CBO. What is your screening time to enter the trade. I understand you wait for the 4th candle close on a new day and enter at the breakout whichever direction that is. I know you dont use pending orders, but isnt this too much of screening in front of your computer? Besides what is the reason not using pending orders?
  • #16,913
  • Jul 19, 2011 8:26pm Jul 19, 2011 8:26pm
Quoting The7
You have my full respect for sharing your system Lawgirl. My question is about the H14CBO. What is your screening time to enter the trade. I understand you wait for the 4th candle close on a new day and enter at the breakout whichever direction that is. I know you dont use pending orders, but isnt this too much of screening in front of your computer? Besides what is the reason not using pending orders?
Excellent question, 7. I generally check the charts 6-8 hours into the new day, but BOs can happen at any time. There is no reason not to set pending orders. I am using Heiken Ashi candles more and more for BOs, which smooth out PA considerably. Pending orders might work especially well with the HA candles because they help to "stay the course". In that case, I would look for confirmation on the H4 or higher RSIs.
  • #16,914
  • Jul 20, 2011 2:41am Jul 20, 2011 2:41am
GBPUSD, H4 3T.
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  • #16,915
  • Jul 20, 2011 2:43am Jul 20, 2011 2:43am
GBPJPY, H4 3T.
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  • #16,916
  • Jul 20, 2011 2:53am Jul 20, 2011 2:53am
Quoting The7
...... Besides what is the reason not using pending orders?
Sometimes the broker is playing games and trying to steal your money by widening spreads and hunting for limits in an empty market.
For example, look at the spike in NZDUSD last night, one hour after NY close.
After a tight trading range of 20 pips, price spiked up and down and up again.
This 60 pips spike happened in less than 5 minutes.....
It does not happen all the time with all brokers, but it is something to watch out for and be careful with.
That could be a reason to be careful with pending orders.
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  • #16,917
  • Jul 20, 2011 2:58am Jul 20, 2011 2:58am
GBPCAD, H4 3T.
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  • #16,918
  • Jul 20, 2011 6:41am Jul 20, 2011 6:41am
I am still very new at your system and wonder if anyone could advise me as to which pairs to concentrate on re the H1 4BBO and the H4 3T system. I have been spending ages and ages going through all the pairs looking at the H1, the M15 and the H4 TFs. This does not seem to be the way to go as I am not very successful!! I am also finding that I have to monitor the charts all day, hour after hour. Please give me some advice.
  • #16,919
  • Jul 20, 2011 8:22am Jul 20, 2011 8:22am
Quoting lawgirl21
Excellent question, 7. I generally check the charts 6-8 hours into the new day, but BOs can happen at any time. There is no reason not to set pending orders. I am using Heiken Ashi candles more and more for BOs, which smooth out PA considerably. Pending orders might work especially well with the HA candles because they help to "stay the course". In that case, I would look for confirmation on the H4 or higher RSIs.

I live in the Pacific Time zone. My day candle starts at 9 pm. So I wait 4 hours till the 4th candle closes(it's 12.00 am now) and put pending orders. How would you suggest to put these pending orders? 1 direction, 2 pendings? Confirmation with higher Heiken Ashi's?? Can you clearify this please..I cant screen through the night unfortunately..
  • #16,920
  • Jul 20, 2011 8:22am Jul 20, 2011 8:22am
Tough night for BOs...I haven't found many. Here is both the regular chart and the HA chart. The HA chart gave an entry 15 min. after the regular chart. Don't know the significance of that if anything, but thought it was interesting.
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