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Trade What You See - Almost Naked Trading

  • #18,281
  • Aug 7, 2013 1:14pm Aug 7, 2013 1:14pm
Quoting josch
{quote} FxPP, yes, it's a pity, that the thread was slowing down. LawGirl made a great job here and she left. Contrary to many other threads dying because of method failures, LG's strategy using higher timeframes isn't for anyone. Unfortunately there are few threads only with a continuous follow up of successful participants. josch
Thank you for your response.

Oh Well... Things are the way they are ... Atleast there are 18K + posts to read and absorb the method.

Oh and if you dont mind, could you share some of your performance stats like trades per week, win ratio, avg trade pips etc. Specially with the BO methods. I am just looking to set some benchmarks for myself.

Thanks in advance.
-- FxPP
  • #18,282
  • Sep 9, 2013 12:30am Sep 9, 2013 12:30am
Are any successful traders of LG's method interested to keep the thread alive -or alternatively stay in touch via skype?

Cheers
Andreas
  • #18,283
  • Sep 9, 2013 3:05am Sep 9, 2013 3:05am
Hey, I'm a price action trader, so this method is definitely interesting and I'm thinking of trying a few demo trades with it. I have a question about the 1hr 4 candle BO trade however. I'm a little confused about what it means by using the first 4 candles of a new trading day. I assume this means starting at 12:00 am on your charts. However that's different for everyone. For example, it happens for me at 2:00 pm pacific time right as the New York session closes. So using the 1hr 4 candle BO method, does this mean starting at 2:00 pm pacific time, I use the next 4 candles to set up the high and low for the break out trade?

I'm a bit concerned since this would mean I would be trading into the Asian session which is when the volatility usually dies off and the market doesn't move much. Am I reading this wrong? Or is there a specific time that the first 4 candles are counted?

Thanks.
  • #18,284
  • Sep 9, 2013 6:50am Sep 9, 2013 6:50am
Quoting Revival
Hey, I'm a price action trader, so this method is definitely interesting and I'm thinking of trying a few demo trades with it. I have a question about the 1hr 4 candle BO trade however. I'm a little confused about what it means by using the first 4 candles of a new trading day. I assume this means starting at 12:00 am on your charts. However that's different for everyone. For example, it happens for me at 2:00 pm pacific time right as the New York session closes. So using the 1hr 4 candle BO method, does this mean starting at 2:00 pm pacific time,...

Well, this was the weak point of the methods of this thread: Which is the proper starting time of the candle? If I remember correctly it was the first 4 candles of your BROKERS chart, in case of the threadstarter (Lawgirl, where are you??) this was 6:00 London Local TIme- or an hour before. So the fourth candles closing time would be London Open - or maybe 1 hr later --- maybe someone else knows the exact posting or time.

Regards
  • #18,285
  • Sep 9, 2013 8:00am Sep 9, 2013 8:00am
3-Tap on NZDUSD
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  • #18,286
  • Sep 10, 2013 1:43am Sep 10, 2013 1:43am
Quoting Forex37
{quote} Well, this was the weak point of the methods of this thread: Which is the proper starting time of the candle? If I remember correctly it was the first 4 candles of your BROKERS chart, in case of the threadstarter (Lawgirl, where are you??) this was 6:00 London Local TIme- or an hour before. So the fourth candles closing time would be London Open - or maybe 1 hr later --- maybe someone else knows the exact posting or time. Regards
Hi,
If I remember correctly this was just 4 candles of your broker. General point is to have a range price has to break from. These first 4 candles are easiest way to define a range, bu you can try to find it on the chart. Any place where price is keeping withing a zone for a couple of hours shall be suitable, Main thing is to know if and what the trend is, so you can follow it.

Cheers
Time matters most
  • #18,287
  • Nov 14, 2013 11:46pm Nov 14, 2013 11:46pm
Its good to see there is /are ppl who wanna keep this thread going. I am myself very new to this method but I can try and contribute as much as I can (if there are others too) . Hopefully we can master this method together.

Based on what I have read, The 3-tap method so widely used and discussed at the beginning of this thread was sidelined later on by Lawgirl herself and the other experienced trades here. It was replaced by the 4-Hr BO method.

I agree with Forex37 that identifying the correct starting point has been the weak link of this method. But based on what I have picked up in other threads - 6 am GMT should be a good choice.

You could read the legendary Peter Crowns's ( 41 posts , 31 vouchers) posts for more details.
http://www.forexfactory.com/petercrowns

Hope this helps
-- FxPP
  • #18,288
  • Nov 15, 2013 2:16am Nov 15, 2013 2:16am
Quoting FxProPlayer
......
Based on what I have read, The 3-tap method so widely used and discussed at the beginning of this thread was sidelined later on by Lawgirl herself and the other experienced trades here. It was replaced by the 4-Hr BO method.
......
http://www.forexfactory.com/petercrowns Hope this helps -- FxPP
I wouldn`t agree. 3-taps was never replaced but needs longer swings. 4H1C BO was added for daily breakout checks.

Unfortunately there was never an EA for trading or signalling the BO`s dashboard-style.

Regards
  • #18,289
  • Nov 15, 2013 2:20am Nov 15, 2013 2:20am
Quoting FxProPlayer
.....
I agree with Forex37 that identifying the correct starting point has been the weak link of this method. But based on what I have picked up in other threads - 6 am GMT should be a good choice.
....
http://www.forexfactory.com/petercrowns Hope this helps -- FxPP

Well, I don`t know if 6 GMT is correct, as it doesn`t reflect summertime. So it should be 6 BST - or 3 hours before London Open! If not, please correct me

Regards
  • #18,290
  • Nov 15, 2013 3:45am Nov 15, 2013 3:45am
Quoting Forex37
{quote} Well, I don`t know if 6 GMT is correct, as it doesn`t reflect summertime. So it should be 6 BST - or 3 hours before London Open! If not, please correct me Regards
Hi, Things may change, but if I remember correctly... it doesn't matter. As long as market is in the range you need to catch BO from it regardless of day starting hour. Use your broker's first candles or even any 4 candles ranging during the day. And yes, there may be a fakeouts, so sometimes conservayive entry at retrace pays off.

Cheers
Time matters most
  • #18,291
  • Edited 9:16am Nov 16, 2013 5:50am | Edited 9:16am
Quoting Forex37
{quote} Well, this was the weak point of the methods of this thread: Which is the proper starting time of the candle? If I remember correctly it was the first 4 candles of your BROKERS chart, in case of the threadstarter (Lawgirl, where are you??) this was 6:00 London Local TIme- or an hour before. So the fourth candles closing time would be London Open - or maybe 1 hr later --- maybe someone else knows the exact posting or time. Regards

The only “weak point” in this thread is represented by those traders that (understandably)
have not yet realized that beeing successful is simpler that it may appear.

The only limits that WE HAVE are those that WE CREATE.

Question #1
What am I trading for ?
Question #2
what I want to be ?

BE reasonably POSITIVE
BE ALWAYS GRATEFUL
LIVE IN THE PRESENT

Success MUST follow.

Failure is not in the system.

Failure is in our mind.
if you love your job you will never work a day in your life
  • #18,292
  • Nov 16, 2013 12:32pm Nov 16, 2013 12:32pm
haha

wise man you are Withoutname

to answer for me it is gmt but it is up to you guys
  • #18,293
  • Nov 17, 2013 2:41am Nov 17, 2013 2:41am
Very good system,

could you tell me how to determine the appearance level in H1 period?
  • #18,294
  • Dec 2, 2013 7:02am Dec 2, 2013 7:02am
That was a good one
It reached 120 pips
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  • #18,295
  • Jan 1, 2014 9:53am Jan 1, 2014 9:53am
Quoting maudur
{quote} In this case, install the executable. Please save this file to the expertsindicators folder of your MT4 platform. If you have any problems please let me know. {file}
Hi,

I have download this indicator [Lawgirls trend display v.1.02. I want to understand how it works. what RSI settings it uses. how we can trade. If there is any details of this fourm kindly let me know. And if you can tell that it is very good.

thanks

Sanjay
  • #18,296
  • Jan 2, 2014 5:34am Jan 2, 2014 5:34am
Try this template at start

There is also second way of indicator usage.. all is described on this thread, it is enough to screen and read.

cheers
Attached File(s)
File Type: tpl h4_lg_rsi.tpl   9 KB | 714 downloads
Time matters most
  • #18,297
  • Mar 5, 2014 4:43pm Mar 5, 2014 4:43pm
Quoting Erebus
I was just going to ask, anyone catch some Swissy? Cancel that skiing holiday, too expensive this year... {image}
Hi Erebus:
Could you please share the indi you have on window 1 of your chart. I think it shows the pip range of multiple pairs (?)
It would be a nice tool to have this kind of dashboard to scan good pairs to trade ( ones that are in euphoria/extended state)
Thank you,
ttsky
  • #18,298
  • Apr 8, 2014 11:36pm Apr 8, 2014 11:36pm
Hi guys and girls,

I have a question regarding the 'Lawgirl's Trend Display v1.02.mq4' indicator. I've opened a RSI window and set the RSI to period 10. Then put the Lawgir's Trend Display indicator on to a CHFJPY H1 chart and set 'IndicatorInRSIWindow' to 'true' and 'RSI_WindowName' to 'RSI(10)', expecting the Lawgirl indicator to show trend direction arrows for the H1, H4, D1, W1 and M1 Time Frames. However, this is not the case: the Lawgirl Trend Display indicator only shows trend arrows based on the RSI period 3... First question: is this a correct observation; second question: if it is, can someone change this indicator, so it shows trend direction arrows for the RSI period set in the 'RSI_WindowName' input?

Great thread, by the way!

Regards and best luck to all,

Ronald
95% of the people don't believe 100% they can win, that's why they lose
  • #18,299
  • Apr 9, 2014 12:01am Apr 9, 2014 12:01am
Friend,

I have also tested that but it only shows RSI 3 levels in the chart, which is little confusing to trade. that's why I am avoiding to use it.
If you get any thing good out of this than do share.
thanks
sanjay
  • #18,300
  • Apr 21, 2014 10:45pm Apr 21, 2014 10:45pm
Hi. Can anyone help me. I am looking at this thread for the first time. I am trying to attach the RSI Arrow Indicator to my charts that I found here:
http://www.forexfactory.com/showpost.php?p=4127792

When I drag the indicator to the chart, it draws many arrows in the chart area instead of the RSI area. How do I move the arrows down to the RSI area and just have one row of 5 arrows? Thanks.

FranksBiz
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