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Trade What You See - Almost Naked Trading

  • #17,261
  • Aug 10, 2011 10:11am Aug 10, 2011 10:11am
What a nice morning! Up total of about 250 pips on these two. Hope others got in these trades.
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  • #17,262
  • Aug 10, 2011 10:14am Aug 10, 2011 10:14am
Hey Lawgirl, thank you so much for your informative posts and your system - simple and effective. I'm just getting back into trading after a long gap (been busy with making music) and this thread caught my eye.

Just wanted to confirm if my setup looks good enough to you. That GBP/USD BO was huge!

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  • #17,263
  • Aug 10, 2011 10:31am Aug 10, 2011 10:31am
Quoting VishalJ
Hey Lawgirl, thank you so much for your informative posts and your system - simple and effective. I'm just getting back into trading after a long gap (been busy with making music) and this thread caught my eye.

Just wanted to confirm if my setup looks good enough to you. That GBP/USD BO was huge!

Attachment
Yes that was a very good setup and trade. But take a look at it with HA candles. If entry had been somewhere around the dotted horizontal line, it would have been a smoother ride down.
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  • #17,264
  • Aug 10, 2011 10:54am Aug 10, 2011 10:54am
Quoting lawgirl21
Yes that was a very good setup and trade. But take a look at it with HA candles. If entry had been somewhere around the dotted horizontal line, it would have been a smoother ride down.
Ahh, thanks so much
  • #17,265
  • Aug 10, 2011 12:45pm Aug 10, 2011 12:45pm
Watching EURAUD. Sideways most of day so far.

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The Eyes Believe What They See And The Ears Believe What Others Say.
  • #17,266
  • Aug 10, 2011 2:23pm Aug 10, 2011 2:23pm
Quoting lawgirl21
Yes that was a very good setup and trade. But take a look at it with HA candles. If entry had been somewhere around the dotted horizontal line, it would have been a smoother ride down.
I found the Custom Indicator for the HA Candles - but they look a bit different on my FXDD and ibFX platform. Do you change anything on your setup?

mDf
  • #17,267
  • Aug 10, 2011 2:32pm Aug 10, 2011 2:32pm
Quoting maestrodforex
I found the Custom Indicator for the HA Candles - but they look a bit different on my FXDD and ibFX platform. Do you change anything on your setup?

mDf
I found them a little hard to set up too. The trick was choosing Chart Properties color "None" for the regular candles.
  • #17,268
  • Aug 10, 2011 10:34pm Aug 10, 2011 10:34pm
BO possibility here....lets see which direction it goes
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Fall seven times, stand up Eight! #GGMU
  • #17,269
  • Aug 11, 2011 12:15am Aug 11, 2011 12:15am
Quoting vickym
BO possibility here....lets see which direction it goes
This is awesome...the fact that you can bounce trade ideas off another trader or have a pair you weren't watching brought to your attention is amazing.
  • #17,270
  • Aug 11, 2011 12:58am Aug 11, 2011 12:58am
Good call on USDCHF Vicky
  • #17,271
  • Aug 11, 2011 9:12am Aug 11, 2011 9:12am
Quoting Scoot84
Good call on USDCHF Vicky
Guess what...i was busy at work and missed the move myself
Fall seven times, stand up Eight! #GGMU
  • #17,272
  • Aug 11, 2011 10:04am Aug 11, 2011 10:04am
Quoting vickym
Guess what...i was busy at work and missed the move myself
Happens to me all the time...watch it, then miss it! There will be many others you won't miss.
  • #17,273
  • Aug 11, 2011 10:04am Aug 11, 2011 10:04am
Quoting lawgirl21
Yes that was a very good setup and trade. But take a look at it with HA candles. If entry had been somewhere around the dotted horizontal line, it would have been a smoother ride down.
Wow, I haven't seen this so far... I've explored using HA candles for other typesof trading but not for BO's... I might give it a try and see how it goes for me...

BTW I caught today's market in a mood of trend changing and it kicked my butt... tomorrow will be another day (a better day)....

How you've been doing this week LG??
Flp. 4:13
  • #17,274
  • Aug 11, 2011 10:05am Aug 11, 2011 10:05am
Moving up nicely now.
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  • #17,275
  • Aug 11, 2011 10:08am Aug 11, 2011 10:08am
I got in this pair yesterday, survived a shakeout (retrace), now hopefully it is heading up again, for a ZC trade.
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  • #17,276
  • Aug 11, 2011 10:21am Aug 11, 2011 10:21am
BO then rest, then continuation. Of course I missed it... but amazing move. I'll have to start marking these short 1 H consolidations again..
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  • #17,277
  • Aug 11, 2011 10:26am Aug 11, 2011 10:26am
Quoting lawgirl21
I got in this pair yesterday, survived a shakeout (retrace), now hopefully it is heading up again, for a ZC trade.
Yeah, I was in that trade long last night for the BO, closed it then went short for the BO on the bottom... LG, how do you handle this possible BO on bottom when you have no SL for your trades? It could have turned ugly if the BO continues south... It looks like it invalidates your long trade, but how long do you watch it go against you?
  • #17,278
  • Aug 11, 2011 10:56am Aug 11, 2011 10:56am
Please lawgirl21 is this indicator(lawgirls Trend Display) still effective and reliable?. Because I want to use it on my live trading account. I also need this indicator 3T and 4H BO
  • #17,279
  • Aug 11, 2011 11:03am Aug 11, 2011 11:03am
Quoting pippete
Yeah, I was in that trade long last night for the BO, closed it then went short for the BO on the bottom... LG, how do you handle this possible BO on bottom when you have no SL for your trades? It could have turned ugly if the BO continues south... It looks like it invalidates your long trade, but how long do you watch it go against you?

This is one of my favorite pairs to trade. The daily range is around 100 pips. Yes, it could have turned ugly and sometimes it does, but I have found that almost every time I set a SL at a reasonable level, that "reasonable level" is taken out...probably because it was "reasonable"...hope that makes sense...meaning that other traders saw that level as "reasonable" too and reasonable stops are hunted.

When I entered that trade long-- H4, daily and weekly RSIs were long too. Weekly is still long, that means I am going to stick it out. If weekly turns, I will have to reevaluate. This may very well be a loss for me.

I pretty much have nerves of steel, Pete. That helps too. I don't recommend this way of trading for everyone.
  • #17,280
  • Aug 11, 2011 11:33am Aug 11, 2011 11:33am
Please explain the arrows that face different directions up, down, flat and diagonal direction
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