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Trade What You See - Almost Naked Trading

  • #18,221
  • Feb 20, 2013 4:14pm Feb 20, 2013 4:14pm
Today has been an awesome day for BO.
Charts are self-explanatory.
Attached Images
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  • #18,222
  • Feb 20, 2013 4:22pm Feb 20, 2013 4:22pm
Quoting TraderJak
New to this thread and am actively absorbing as much as I can. Don't seem to be able to open the .pdfs that 'Withoutname' has very kindly produced. Hope this question hasn't been repeated elsewhere in thread but could a BO be taken either side of the H1 4C BO lines if for instance price breaks out one way and then comes back through the 'box' and comes out the other side?
Unfortunately Lawgirl is not here to answer your question. Though you can find clarifications in the thread and in the summary i shared as well.
If you can't open it, PM me that i send you a different file extension.

Cheers
if you love your job you will never work a day in your life
  • #18,223
  • Feb 20, 2013 7:41pm Feb 20, 2013 7:41pm
4 hr.. possible 3 tap..?? i have taken long possie..any how.....3280..stop60
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 47 KB
  • #18,224
  • Feb 20, 2013 8:17pm Feb 20, 2013 8:17pm
Quoting danc
4 hr.. possible 3 tap..?? i have taken long possie..any how.....3280..stop60
W1 is down, so not a valid long setup for a 3-tap according LL's rules.

Cheers
  • #18,225
  • Feb 20, 2013 8:25pm Feb 20, 2013 8:25pm
oh well wont die.. .. if it doesnt.. but thanks for your comment
  • #18,226
  • Feb 21, 2013 1:01am Feb 21, 2013 1:01am
Quoting danc
oh well wont die.. .. if it doesnt.. but thanks for your comment
Hey danc... good to see you!
if you love your job you will never work a day in your life
  • #18,227
  • Feb 21, 2013 1:12am Feb 21, 2013 1:12am
EURUSD

with stops above 13290 area next targets are 13213 13185 13112. I'll watch PA closely for an entry confirmation.
Attached Image
if you love your job you will never work a day in your life
  • #18,228
  • Feb 21, 2013 3:23am Feb 21, 2013 3:23am
Quoting Withoutname
EURUSD

with stops above 13290 area next targets are 13213 13185 13112. I'll watch PA closely for an entry confirmation.
13185 area has been tested. I espect some retracement (z setup) or a sort of consolidation before heading next target. Can't post chart from my smartphone
if you love your job you will never work a day in your life
  • #18,229
  • Feb 21, 2013 3:32am Feb 21, 2013 3:32am
Quoting Withoutname
13185 area has been tested. I espect some retracement (z setup) or a sort of consolidation before heading next target. Can't post chart from my smartphone
Nice trade, Withoutname
I just took AUDCAD as 3-tap

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: d.gif Size: 22 KB
  • #18,230
  • Feb 21, 2013 3:47am Feb 21, 2013 3:47am
Quoting AndreasF
Nice trade, Withoutname
I just took AUDCAD as 3-tap

Cheers
The setup looks good, my friend. You got the trigger. I'd like to see a stronger body candle, but i'm still learning the method.
if you love your job you will never work a day in your life
  • #18,231
  • Feb 21, 2013 7:30am Feb 21, 2013 7:30am
Quoting AndreasF
I just took AUDCAD as 3-tap

Cheers
Could you tell me, was that 3 tap taken from the 10240 area start of line.

Also would someone be kind enough to post the supply-demand indi.

I missed what I think was a beauty on AUCHF last night (my time) at 9482 level.

I am watching AUDUSD for the 1.02262 to make it 3, hope RSI stays aligned.

EJ just did a 4th tap but again RSI is not aligned, and I wonder how it can ever be on the daily becuase picking tops or bottoms?

PG
  • #18,232
  • Feb 21, 2013 7:51am Feb 21, 2013 7:51am
Quoting pgtips
Could you tell me, was that 3 tap taken from the 10240 area start of line.

Also would someone be kind enough to post the supply-demand indi.

PG
Trigger for this trade was 1.0430 area.
Supply-demand indi is attached, it is just my personal preference to have it on the chart.
LG did not use it so the method works fine without it

Cheers
Attached File(s)
File Type: ex4 SupDem.ex4   13 KB | 403 downloads
  • #18,233
  • Feb 21, 2013 8:25am Feb 21, 2013 8:25am
thank you. I can see the trigger, just wondered on the setup.

On mine the RSI is not +ve but I see a good 3 tap.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 25 KB
  • #18,234
  • Feb 21, 2013 12:37pm Feb 21, 2013 12:37pm
Quoting Withoutname
13185 area has been tested. I espect some retracement (z setup) or a sort of consolidation before heading next target. Can't post chart from my smartphone
Z setup (retracement) has taken place. PA suggests the bearish continuation. A clear brake of 13170 is needed to enter the short trade. Still unable to post chart
if you love your job you will never work a day in your life
  • #18,235
  • Feb 21, 2013 2:36pm Feb 21, 2013 2:36pm
So here a picture of AUDCAD.. 4 hr.. Questions?? when it closes and if the RSI has turned up.. is it thena 3 tap??
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 44 KB
  • #18,236
  • Feb 21, 2013 3:37pm Feb 21, 2013 3:37pm
Quoting lawgirl21
The first step of finding 3 Taps is to look for conformation of direction on the weekly, daily, and H4 RSIs. This is critical. Some people start by looking for the taps first and trying to get the confirmation later, but that is not the procedure. Sounds like that is what you are doing.

Here are the steps and in this order:

1. Scan the RSIs. Eliminate any pair that does not have the 3 RSIs confirming. List those that do.

2. Go through the list of confirming RSI pairs one by one...starting on the H4 chart....
if you love your job you will never work a day in your life
  • #18,237
  • Feb 22, 2013 1:47am Feb 22, 2013 1:47am
good morning guys,
yesterday 13170 area held. Today we have an opportunity to trade the channel on eurusd. I'll wait london open though. As i said yesterday, only a clear break of 13170 area brings us to 13110. Anyhow today is friday; it's profit-taking day. I would not be surprised if a BO occurs upward. 13120 has to be broken (monitoring 15m time frame e PA as lawigirl taught). I'd like to see 13260 like 1° target and 13290 like 2° target.
Comments are appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 22 2.gif Size: 13 KB
if you love your job you will never work a day in your life
  • #18,238
  • Feb 22, 2013 2:11am Feb 22, 2013 2:11am
We have been talking about 4h-3Tap lately.
As i said I'm still tuning on BO and channel trading and I'm still far from understanding completly the way LG traded 3TAP so successfully.
Anyway what I know is that there is a main difference between BO and 3TAP. The BO, but also channel ditch trading, show their setup on ranging markets while 3tap occurs on trending ones, so the taps are just waves or retracements.

Livechart with no trigger
(UsdCad)
Attached Image (click to enlarge)
Click to Enlarge Name: uc 22 2.gif Size: 15 KB
if you love your job you will never work a day in your life
  • #18,239
  • Feb 22, 2013 2:12am Feb 22, 2013 2:12am
Quoting Withoutname
good morning guys,
yesterday 13170 area held. Today we have an opportunity to trade the channel on eurusd. I'll wait london open though. As i said yesterday, only a clear break of 13170 area brings us to 13110. Anyhow today is friday; it's profit-taking day. I would not be surprised if a BO occurs upward. 13120 has to be broken (monitoring 15m time frame e PA as lawigirl taught). I'd like to see 13260 like 1° target and 13290 like 2° target.
Comments are appreciated.
Thanks for the excellent summary.
Let's see what trades we'll come across today
  • #18,240
  • Feb 22, 2013 2:31am Feb 22, 2013 2:31am
On EJ now as a H1 BO
Attached Image (click to enlarge)
Click to Enlarge Name: d.gif Size: 25 KB
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