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Trade What You See - Almost Naked Trading

  • #17,981
  • Dec 6, 2011 10:11am Dec 6, 2011 10:11am
Quoting heebbyjeeby
I know were not big fan of fundamentals here, but long on the euro these days? Surely not. Anyone have any views?
you should decide for your self what are you trading - FA or TA (trade what you see, not what you read or hear)
  • #17,982
  • Dec 11, 2011 6:34am Dec 11, 2011 6:34am
Quoting lawgirl21
chart 3 - shows friday's trade. Not a 3 tap trade, rather a h1 4 candle breakout trade in the direction we anticipated--short.
hi lawgirl,


re: 1hr bo

you entered a short here, but from the previous charts it shows rsi in upwards direction on 4hr and 1hr. So the bias is long. So why would you enter a short ?

Also, does it matter what time of the day you draw the s/r on the four 1hr candles ?

Surely if the market opens say 8am, and you waited until 3pm to draw the s/r levels i.e. Candles 12am-3pm, would that not have missed the boat ? As all the action would have occured earlier on ...especially when market is closes at 4pm.


If my market open time is 8am (u.k), so i need to always draw the s/r lines for the candles 8am to 12pm, right ?



Thanks
  • #17,983
  • Dec 11, 2011 6:37am Dec 11, 2011 6:37am
Quoting kimis
ready, steady, waiting fo go?

Attachment

i assume you are waiting to go long on this ?

Are you going to be using the 1hr bo to go long ?


Have confirmed that the higher timeframes (daily, weekly) rsi is pointing up ?


From your 4hr chart the rsi is pointing down, so the bias is short. So why would you go long here ? Would you not wait for the rsi to turn ''up'' then look to enter ? (provided the weekly and daily rsi are also up).
  • #17,984
  • Dec 12, 2011 11:36pm Dec 12, 2011 11:36pm
Looks like a nice setup for me.
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  • #17,985
  • Dec 30, 2011 12:21pm Dec 30, 2011 12:21pm
Hi,

I am considering implementing this 3 tap method as I love trend lines big time, however has any manual back testing been done on the major pairs? Is this method still successful. From experience 2 taps seems to work better at times the 3rd definitely not 4 and 5 taps. Can this method be adopted to other times in the day or only those specified? Why those specific time zones?

Thanks.
Find your Favourite Pattern
  • #17,986
  • Dec 31, 2011 9:14am Dec 31, 2011 9:14am
Rebecca,
'seeing almost naked' traders,

have a nice holiday and a Happy New Year!

josch
trading is war - life is simple
  • #17,987
  • Jan 11, 2012 7:18pm Jan 11, 2012 7:18pm
im new to this thread and im wondering what does an up, down, side, slight up and slight down for law girls trend indicator really translate into on a real rsi indicator? i want to understand the basis of the indicator. thanks.
  • #17,988
  • Edited 10:19pm Jan 13, 2012 9:55pm | Edited 10:19pm
Wondering if any coders can help on this matter?

How to call Lawgirl's Trend Display v1.02.mq4 indicator and pass the value in an EA, and what would be the value ?

Thanks!

p/s: I tried

H4 = iCustom(Symbol(),0,"Lawgirl Trend Display v1.02", true, Symbol(), "H4", 10, "black","Lucida Sans Unicode", 5, 15, false,"RSI(3)", 0, 1);
D1= iCustom(Symbol(),0,"Lawgirl Trend Display v1.02", true, Symbol(), "D1", 10, "black","Lucida Sans Unicode", 5, 15, false,"RSI(3)", 0, 1);

but the value is the same, how should I fix it?
  • #17,989
  • Jan 14, 2012 6:36am Jan 14, 2012 6:36am
hachiroku & xalson,

did you read post #1, especially the part
"THINK ABOUT THE FACE OF A CLOCK
For LONG: RSI should be ..."?

josch
trading is war - life is simple
  • #17,990
  • Jan 19, 2012 5:23pm Jan 19, 2012 5:23pm
Hi,

can someone confirm especially LG if this setup is okay is the daily between 4 o'clock and 6 o'clock purple arrow okay? Currently testing on demo. Also, to continue this thread I think it would be beneficial and easier for newbies to follow if you made a youtube video or a few of examples for people to follow if you have the time.

Thanks.
Attached Image (click to enlarge)
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Find your Favourite Pattern
  • #17,991
  • Edited 7:27am Jan 21, 2012 7:07am | Edited 7:27am
Quoting Pipanator
Hi,

can someone confirm especially LG if this setup is okay is the daily between 4 o'clock and 6 o'clock purple arrow okay? ...
Pipanator,

I see this as a correct setup, despite if you start your TL down at red candle high and be not particulalry exact, your last red H4 candle already is the 4th touch, and your 3rd one would be the right to make exec decision.

Right now I have no possibility to check the recent weekly arrow, but you should go down to H1 anyway to check, if at time of entry PA is going your way.

In this thread there was another EA, which include the time to draw the arrows. This one is jumping to new colour at start of new TF. With the other one you have the possibility to give a percentage of time. Say, it would be 30, so EA would include 30% of old candle and include this colour and direction, before jumping to the new one. Arrows in this meantime are framed to make it visible.

Have a look at Dashboard RSI v3 > post 16701 http://www.forexfactory.com/showthre...51#post4762151

josch
trading is war - life is simple
  • #17,992
  • Jan 22, 2012 1:41am Jan 22, 2012 1:41am
This trade is a classic 3 tap on a daily chart, I'm still in this trade, expecting 230 pips
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In the days of old when sailors were bold, and seldom if ever contented.
  • #17,993
  • Jan 22, 2012 3:53am Jan 22, 2012 3:53am
Quoting pt49
This trade is a classic 3 tap on a daily chart, I'm still in this trade, expecting 230 pips
trading is war - life is simple
  • #17,994
  • Edited Jan 24, 2012 6:44am Jan 23, 2012 1:58pm | Edited Jan 24, 2012 6:44am
anyone 3 tap trades today please share.

Is this an ideal setup its on the 1 hour however does it matter?

Also, does this system give you exit signals?

I like the simplicity its hard to believe trading is this simple.
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Find your Favourite Pattern
  • #17,995
  • Jan 25, 2012 2:57pm Jan 25, 2012 2:57pm
Quoting pt49
This trade is a classic 3 tap on a daily chart, I'm still in this trade, expecting 230 pips
This has been a +300 pip trade so far, I'm out overnite, but it could keep on going.

I'll take 300 pips in a week and a bit any day.

If you are patient these trades are there to be found. Watch for the setups on 4 hr and daily, fine tune your entry on 15 m - 1hr chart.

I enterred this trade on a 15 min chart with 40 pips risk, and set an initial profit target of 230 pips, got out at 280 pips profit.

Maybe I was just lucky (don't think so tho).
In the days of old when sailors were bold, and seldom if ever contented.
  • #17,996
  • Jan 25, 2012 3:17pm Jan 25, 2012 3:17pm
Well done PT I too like the three tap.Takes patience stalking set up but rewarding. Great work!
  • #17,997
  • Jan 26, 2012 6:30am Jan 26, 2012 6:30am
Quoting pt49
This has been a +300 pip trade so far, I'm out overnite, but it could keep on going.

I'll take 300 pips in a week and a bit any day. .....
pt49,

very nice setup and TP!
I wasn't looking for daily setups so far. Of course this TF make it possible to pocket larger profits. Did you start with this or is there a longer period yet, you were following this?

josch
trading is war - life is simple
  • #17,998
  • Jan 26, 2012 3:41pm Jan 26, 2012 3:41pm
Quoting josch
pt49,

very nice setup and TP!
I wasn't looking for daily setups so far. Of course this TF make it possible to pocket larger profits. Did you start with this or is there a longer period yet, you were following this?

josch
I saw the setup on the daily as discribed, and dropped to lower timeframe charts to fine tune my entry. Entered on a 15 min chart setup with 40 pip stop, then followed (managed) the trade back on the daily.
In the days of old when sailors were bold, and seldom if ever contented.
  • #17,999
  • Jan 27, 2012 3:34am Jan 27, 2012 3:34am
Quoting pt49
I saw the setup on the daily as discribed, and dropped to lower timeframe charts to fine tune my entry. Entered on a 15 min chart setup with 40 pip stop, then followed (managed) the trade back on the daily.
pt49,

thank you, I understand this. I meant, if you are looking for those daily setups for a longer time yet.

josch
trading is war - life is simple
  • #18,000
  • Edited Jan 28, 2012 3:48am Jan 27, 2012 5:17am | Edited Jan 28, 2012 3:48am
oh sorry... yes, been trading daily and higher over 12 mnths... I only wait for possible setups on daily or higher.

Last 4 months 24 trades, 21 wins.

I should add that I don't only trade 3 taps... in fact I've only traded a couple 3 taps the last 4 months.
In the days of old when sailors were bold, and seldom if ever contented.
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