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Trade What You See - Almost Naked Trading

  • #16,981
  • Jul 24, 2011 11:12pm Jul 24, 2011 11:12pm
I didnt take that gap but all 4 swissys have gaps still open right now about 40-50 pips each
  • #16,982
  • Jul 25, 2011 1:24am Jul 25, 2011 1:24am
Good BO`s This UK morning
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  • #16,983
  • Jul 25, 2011 1:38am Jul 25, 2011 1:38am
Quoting eltax100
Good BO`s This UK morning
I see you entered the trade before the M15 bar had closed free of the support line. I thought one had to wait for a bar to close free of the line before entering. Had you waited for this to happen you would have missed most of the move. This is the part of the entry I am confused about. Could you or LG explain the entry in detail please. Thanks for you help
  • #16,984
  • Jul 25, 2011 1:41am Jul 25, 2011 1:41am
Quoting eltax100
Good BO`s This UK morning
Yep, I caught EURCHF for a nice 30 pips.

Have any of you guys been using fib expansions alongside these trades? I have with great success. I use them for TP levels and they are quite often accurate to the pip as shown in my chart.

Thanks again LG for such a killer strategy. You have totally removed the grey area from my decision making.
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  • #16,985
  • Jul 25, 2011 1:48am Jul 25, 2011 1:48am
Quoting degournay
I see you entered the trade before the M15 bar had closed free of the support line. I thought one had to wait for a bar to close free of the line before entering. Had you waited for this to happen you would have missed most of the move. This is the part of the entry I am confused about. Could you or LG explain the entry in detail please. Thanks for you help

This is a 15min chart and I entered after a 15min candle cleared and the next candle was the trigger. It was on my watch list after scanning the hourly charts as usual, just managed the trade in the 15 chart
  • #16,986
  • Jul 25, 2011 2:18am Jul 25, 2011 2:18am
EUR/USD BO
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Fall seven times, stand up Eight! #GGMU
  • #16,987
  • Jul 25, 2011 2:19am Jul 25, 2011 2:19am
AUD/USD BO
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Fall seven times, stand up Eight! #GGMU
  • #16,988
  • Jul 25, 2011 2:21am Jul 25, 2011 2:21am
GBP/USD BO
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Fall seven times, stand up Eight! #GGMU
  • #16,989
  • Jul 25, 2011 2:35am Jul 25, 2011 2:35am
hiya,
I noticed Eur.yen present some nice pa and bo. chart attatched.
best
RS
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  • #16,990
  • Edited 3:34am Jul 25, 2011 3:13am | Edited 3:34am
GJ 3 tap
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  • #16,991
  • Jul 25, 2011 4:37am Jul 25, 2011 4:37am
Quoting eltax100
This is a 15min chart and I entered after a 15min candle cleared and the next candle was the trigger. It was on my watch list after scanning the hourly charts as usual, just managed the trade in the 15 chart
Thanks for your reply.
  • #16,992
  • Jul 25, 2011 6:27am Jul 25, 2011 6:27am
AUDUSD, H4 3T.
AUDUSD had an upside BO last week above 1.08 level.
Now I am seeing a pullback to this BO level, and also a H4 3T.
Waiting for the bounce off this magenta line for a continuation of uptrend.
Anyone else already in this one ?
Comments and/or ideas ?
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  • #16,993
  • Jul 25, 2011 7:07am Jul 25, 2011 7:07am
Quoting Nijn
Thanks for all the tips on the books. Good to have something to read during summer holiday.
I was too busy with other things and missed some nice BO's the last volatile days.
AUDUSD finally broke through 1,08 level. I was waiting for that for weeks/months and missed it when it happened
Anyway, price is consolidating in a tight range and again I am waiting for a BO.
Hi,

I have a question.
I see that several chart, the H1 4C BO, the horizontal lines are not from the first four candles.

You will be looking at the bodies of the first four H1 candles of a new trading day...disregard the tails (wicks)....whenever that is for you. That is one reason period seperators need to be placed on the chart.

C. Place horizontal lines at the highest high of these four candles' bodies (not including the tails, if any) and the lowest low of these four candles' bodies, again, disregard the tails.
  • #16,994
  • Jul 25, 2011 7:18am Jul 25, 2011 7:18am
Quoting lawgirl21
Finally moving after hours and hours of consolidation

In this chart, I see that your horizontal lines aren't drawn just above the body of the candles.

And the direction of H1 and H4 are not in one direction

Can you please explain to me
  • #16,995
  • Jul 25, 2011 7:52am Jul 25, 2011 7:52am
Nice BO during London session.
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  • #16,996
  • Jul 25, 2011 7:53am Jul 25, 2011 7:53am
Almost identical BO
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  • #16,997
  • Jul 25, 2011 8:04am Jul 25, 2011 8:04am
I got in this pair on a 3 Tap, but it is also a very nice BO.
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  • #16,998
  • Jul 25, 2011 8:05am Jul 25, 2011 8:05am
As a BO
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  • #16,999
  • Jul 25, 2011 8:07am Jul 25, 2011 8:07am
Chart
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  • #17,000
  • Jul 25, 2011 8:19am Jul 25, 2011 8:19am
Quoting Evelyn Susan
In this chart, I see that your horizontal lines aren't drawn just above the body of the candles.

And the direction of H1 and H4 are not in one direction

Can you please explain to me
I think it is just a matter of personal preference whether you draw lines using only the bodies or using the wicks.
Apart from that, I think the chart you are referring to is a Heiken Ashi chart, showing other bodies than regular candlesticks.

The same with the starting time of the H1 4C BO, some use their broker starting day, some use Tokyo opening, some use London opening.
It is flexible and adjustable to your own liking, choose one that matches best with your trading day.
Once a nice BO happens, and the price moves, the RSI's will eventually point in the same direction.
For me personally, I rarely catch those BO's, because they almost always happen when I am not sitting behind my screen

Hope that helps
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