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Trade What You See - Almost Naked Trading

  • #18,881
  • Jul 28, 2016 9:21pm Jul 28, 2016 9:21pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,882
  • Jul 28, 2016 9:24pm Jul 28, 2016 9:24pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,883
  • Jul 28, 2016 10:01pm Jul 28, 2016 10:01pm
Both LG RSI and TDI-RSI were set to a 3 day period:


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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,884
  • Jul 28, 2016 10:05pm Jul 28, 2016 10:05pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,885
  • Jul 29, 2016 3:53am Jul 29, 2016 3:53am
Quoting DrForexMD
Not totally void of Indicators....the EMA 200 and RSI set at 3 days are all indicators, as are the TDI-RSI, CCI and Stochaistic...As for myself, I am placing Charts here to see how well using simple RSI help predict the PA as compared to the others...and to see how possible enhancement with confluent indicators with the Trend Line indicators, can help place an edge to my Wins over Losses. And, the only other reason I am trying to share here is that this Thread was dead for some 2 or more years before I even bothered sharing...I would enjoy to see...
Your chart sharing will give a valuable subject learning matter to the other trader. keep up good work. i already follow this thread for some days, and it really help me to learn as a nubie.
  • #18,886
  • Jul 30, 2016 5:24pm Jul 30, 2016 5:24pm
OK...Thank you Andre and others who get something out of my work on trying to become a real professional F/T trader ;-)

I am going through last weeks H4 Charts to see which Pairs show excellent volatility with great trades even if I missed them. Currently, I realize that I have been over-trading - but, only to see which Charts and Pairs are more predictable. Also, I noticed that FXCM seems to have the best smallest spreads from my other Demo Brokers. Also, it seems that the best or safest trades seem when the Trending Candle crosses into or out of the Resistance-Seller Fibonacci Zones and the Support-Buyers Supportive Zone, and also after bouncing off or Reversing after the Fib 0%, Fib 50% and Fib 100% zone.

However, major News like Conferences, will likely, break through the Fibonacci !00% and 0%, will likely Stop you out...so, best to sty out.

In general, with the H4, the 2:1 RR, the best for me has been TP-80 SL-40 or TP-60 SL-30. The SL is the most important and should be below the previous lowest Candle with Long-Bullish trades and above the Highest Candle with a Short-Bearish Trades.

In alphabetical order, here are my review of Charts from last week:

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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,887
  • Jul 30, 2016 5:32pm Jul 30, 2016 5:32pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,888
  • Edited 6:08pm Jul 30, 2016 5:57pm | Edited 6:08pm
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But, the higher TF less affected by News and need to have only TF D1 and WK in same direction with T3 BO or Three Candle touch of major Trend line - see Post #1 here:

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So, it may take longer to hit 2:1 to 3:1 Target and SL is larger with the Daily (D1), but usually overall more profitable and safer for Newbies (like me). But, H4 is still a very good option, but obviously most be followed closer and staying out is more important with major news to mess up your trde, especially with a tight SL.
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,889
  • Jul 30, 2016 6:14pm Jul 30, 2016 6:14pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,890
  • Jul 30, 2016 6:20pm Jul 30, 2016 6:20pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,891
  • Jul 30, 2016 6:24pm Jul 30, 2016 6:24pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,892
  • Jul 30, 2016 6:29pm Jul 30, 2016 6:29pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,893
  • Jul 30, 2016 6:38pm Jul 30, 2016 6:38pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,894
  • Jul 30, 2016 6:44pm Jul 30, 2016 6:44pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,895
  • Jul 30, 2016 6:50pm Jul 30, 2016 6:50pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,896
  • Jul 30, 2016 6:54pm Jul 30, 2016 6:54pm
Besides USDJPY, I also avoid EURGBP due to the "messy" "choppiness" that only leads to more SLs and small TPs...these pairs are just not worth it...another maybe the USDCHF:

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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,897
  • Jul 30, 2016 6:59pm Jul 30, 2016 6:59pm
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Not the best Pair as the areas of Consolidation are to frequent and too close to each other. There appears that there was 1 good trade as noted above.
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,898
  • Jul 30, 2016 7:11pm Jul 30, 2016 7:11pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,899
  • Jul 30, 2016 7:19pm Jul 30, 2016 7:19pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,900
  • Jul 30, 2016 7:23pm Jul 30, 2016 7:23pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
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