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Any Naked Traders in here?

  • #1
  • First Post: Edited Apr 1, 2016 6:24am Mar 18, 2016 1:44pm | Edited Apr 1, 2016 6:24am
Don't get me wrong, I like indicators and I love the idea of letting an EA run. I also love scalping 5min charts but what I also really, really enjoy is watching "the perfect trade" set up, taking it and walking away feeling great.

If I told you that this trades was a nobrainer and a few more are setting up right now, would you wan't to learn more? Would you be interested in trades which have been proven to be profitable after 20'000 samples over decades??

Attached Image (click to enlarge)
Click to Enlarge Name: naked.PNG Size: 43 KB


Anyone in here know who Thomas Bulkowski is? Who knows what a Adam & Adam Double Bottom is?

Who would like to play? I'd be willing to take my time and talk setups every few days if I could get a few people to join and help. Rather than putting together a system using indicators (which by the way all use old data and really don't predict anything), let's use price. let's use patterns, let's trust our eyes rather than a few lines and candles spread all over the place.

Who's in?

by the way, don't expect me showing you anything under a H1 chart.Daily, H4 and H1's only! Patience and precision!!!

EDIT; I've posted an update of the first trading week on the top post of page 33, here: http://www.forexfactory.com/showthre...583604&page=33
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #2
  • Mar 18, 2016 1:47pm Mar 18, 2016 1:47pm
Male or female ?
  • #3
  • Mar 18, 2016 2:03pm Mar 18, 2016 2:03pm
Quoting Mingary
Male or female ?
Alien!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #4
  • Mar 18, 2016 2:07pm Mar 18, 2016 2:07pm
Quoting Shemski
Don't get me wrong, I like indicators and I love the idea of letting an EA run. I also love scalping 5min charts but what I also really, really enjoy is watching "the perfect trade" set up, taking it and walking away feeling great. If I told you that this trades was a nobrainer and a few more are setting up right now, would you wan't to learn more? Would you be interested in trades which have been proven to be profitable after 20'000 samples over decades?? {image} Anyone in here know who Thomas Bulkowski is? Who knows what a Adam & Adam Double Bottom...
I'm curious to see your method.....
I'll be subscribing
Wooooohooooo or Boooooohooooo
  • #5
  • Mar 18, 2016 2:15pm Mar 18, 2016 2:15pm
Quoting gnomoneey
{quote} I'm curious to see your method..... I'll be subscribing

So many methods. You decide where we start.

1) Eve & Eve Bottom
2) Adam & Adam Bottom
3) High & Tight Flags
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #6
  • Mar 18, 2016 2:16pm Mar 18, 2016 2:16pm
Sounds great, I'm always interested in leaning something new.
Subscribed.
  • #7
  • Mar 18, 2016 2:31pm Mar 18, 2016 2:31pm
Quoting Shemski
{quote} So many methods. You decide where we start. 1) Eve & Eve Bottom 2) Adam & Adam Bottom 3) High & Tight Flags
Dont forget the Tits & Balls wave!
  • #8
  • Mar 18, 2016 2:34pm Mar 18, 2016 2:34pm
Sounds great, I'm always interested in learning something new.
Subscribed.
  • #9
  • Mar 18, 2016 2:46pm Mar 18, 2016 2:46pm
I'm currently trying to cut out indicators. Still using the odd one or two but I'm in.
Indentify > Plan > Accept > Execute
  • #10
  • Mar 18, 2016 3:00pm Mar 18, 2016 3:00pm
Trade counter-trend?
Subscribed.
ANCORA IMPARŅ
  • #11
  • Edited Mar 19, 2016 2:35am Mar 18, 2016 3:03pm | Edited Mar 19, 2016 2:35am
Here we go:

What you see here is a simple Eve & Eve Double Bottom. Bulkowski says, take the total range (trend high minus trend low) and multipy it by 67% for your TP.

NOTE: THIS SHOULD BE 550 PIPS AND 395 PIPS!!!! my bad
Attached Image (click to enlarge)
Click to Enlarge Name: Eve & Eve Bottom1.PNG Size: 46 KB


More details here: http://thepatternsite.com/aadb.html

Attached Image (click to enlarge)
Click to Enlarge Name: rule.PNG Size: 44 KB



An Adam & Adam Double Bottom would look exactly the same, just without a rounded bottom, like this:

Attached Image




If anyone would like to add anything (obviously not indicators...) please feel free to join!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #12
  • Edited Mar 20, 2016 5:17pm Mar 18, 2016 3:08pm | Edited Mar 20, 2016 5:17pm
We'll be looking at these later!

Attached Image (click to enlarge)
Click to Enlarge Name: ThomasBulkowski.PNG Size: 36 KB


Here's a great book for those interested! My current bible!

I'd love to not see standard trendlines, Zig-Zags etc but focus more on the great Bulkowski's discoveries!

{ copyrighted attachment deleted by staff }
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #13
  • Mar 18, 2016 3:13pm Mar 18, 2016 3:13pm
Quoting ADance
Trade counter-trend? Subscribed.

No, so many way to trades.

The key is to trade paterns, patterns which have proven themselves to trigger a certain trend direction. Some of these patterns are right over 70% of the time. Now of course you are not going to locate 12 patterns a day, but when you do, you willbe able to trade with enorm confidence and have no problem at all walking awqay from your trading room and letting the trade run.

Bulkowski analyzed over 30'000 patterns. This is some powerful stuff. BUT it not what a lazy trader will be interested in.

This may be me, but I enjoy the hunt much more than the kill. Sure, it's easy and fun to be lazy and watch an EA do the work, but there's nothing more rewarding than getting something done by yourself. the only way you will master your trade is if you practice it yourself. how are you going to learn how the markets work if your EA is doing all the work???

Man, I love Fridays! We got the whole weekend to prepare for Monday!!!!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #14
  • Mar 18, 2016 3:35pm Mar 18, 2016 3:35pm
Here's an outstanding and quite clear flag set up!

Flag height: 670 pips
Half of height: 335 pips
TP on short entry: 335 pips under entry
TP on long position: 335 pips over entry
SL on long entry: bottom of flag (not flag pole)
SL on short position: top of flag

In this case the SL's are 310 pips from entry.

Attached Image (click to enlarge)
Click to Enlarge Name: Flag.PNG Size: 39 KB


The entry might not get triggred for a few days. Patience!

Any questions?

Attached Image (click to enlarge)
Click to Enlarge Name: skfx.PNG Size: 21 KB
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #15
  • Mar 18, 2016 3:59pm Mar 18, 2016 3:59pm
[quote=Shemski;8823903]Here's an outstanding and quite clear flag set up!

This doesnt look like flag pattern that I am familiar with. I have had a look through the index of Bulkowski's patterns and I still can't find a good match. Can you please post the text book example of where you recognise this pattern from? Thanks. I though it looked more like a pennant.
Indentify > Plan > Accept > Execute
  • #16
  • Mar 18, 2016 4:05pm Mar 18, 2016 4:05pm
[quote=wizlon32;8823937]
Quoting Shemski
Here's an outstanding and quite clear flag set up! This doesnt look like flag pattern that I am familiar with. I have had a look through the index of Bulkowski's patterns and I still can't find a good match. Can you please post the text book example of where you recognise this pattern from? Thanks. I though it looked more like a pennant.

Yes, it is shaped more like a pennant. Very true. my bad.

Here's your flag:
Attached Image (click to enlarge)
Click to Enlarge Name: flag_correct.PNG Size: 18 KB


Or this trade, which I took on the H1 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: flag_correct2.PNG Size: 34 KB
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #17
  • Mar 18, 2016 4:07pm Mar 18, 2016 4:07pm
You're very generous.
Thanks a million.....
ANCORA IMPARŅ
  • #18
  • Mar 18, 2016 4:22pm Mar 18, 2016 4:22pm
[quote=Shemski;8823943]
Quoting wizlon32
{quote} Yes, it is shaped more like a pennant. Very true. my bad. Here's your flag: {image} Or this trade, which I took on the H1 chart. {image}
I'm not trying to be awkward here but I can't see the pattern that you took your GBPAUD trade from. Unless you traded the break of the high of the flag pattern? But in my opinion this is too late. Surely the time to buy with this strategy is on the break of the flag pattern which is probably nearer your SL?
Indentify > Plan > Accept > Execute
  • #19
  • Mar 18, 2016 4:24pm Mar 18, 2016 4:24pm
I see a double bottom, and like 2-3 heads and shoulders. I love naked trading.
  • #20
  • Mar 18, 2016 4:30pm Mar 18, 2016 4:30pm
[quote=wizlon32;8823956]
Quoting Shemski
{quote} I'm not trying to be awkward here but I can't see the pattern that you took your GBPAUD trade from. Unless you traded the break of the high of the flag pattern? But in my opinion this is too late. Surely the time to buy with this strategy is on the break of the flag pattern which is probably nearer your SL?

I placed the pending order yesterday evening GMT. The SL is a bit high because the flag didn't have that dipin it at the time...
When trading: "Empty your mind, be formless. Shapeless, like water."
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