Trade What You See - Almost Naked Trading

I'm all about support and resistance lines and engulfing bars or kangaroo tails and it is working fairly well for me!

Hi Rafael,
Yes...I am going back to that as well...but, also using S/R trends with RSI 3 day, H4 and D1 T3 BO, Fib and dynamic S/R EMA 8/21 as well. Basically, following the works of LG21 here with the Daily and Daily PA setups as per Nial Fuller. Look him up on youtube where he has so many free videos.

For example:

DrForexMD,

I also went long AUD/CHF today late afternoon (EDT)on my demo account. Long @0.73379; SL: 0.72604; and Target: 0.74980. Target may be a little aggressive, but will re-evaluate tomorrow. Used S/R and price action to make the call. I am still learning so lets see how it goes.

Btw, which indicator is that you have on the top left of your charts with the spread, market times, etc? Would love to add it to my charts. Thanks

That's good Ark...like you, I am also using W1 and D1 to analyze,,,but then enter or exit trades with H4 and H1 - which is not a new technique. To me, as I set up for the Asian Session, it seems profitable into the London Session. Then, I have begun to close out all my trades as the NY Open seems to go in the opposite direction causing me to lose most of my overnight Pips for me (EST).
Yes, I shoot far with my TP while generous with my SL keeping the RR 2:1 to 3:1 - so far, my FXCM Demo is in the positive.

Basically, I am kind of scalping on the higher TFs - again, not a new concept in Forex trading

Thanks for sharing...

Here are the brilliant and latest Indicators from PVSRA - also used by Cigarguy's Thread here on FF - these people (traders and/or coders) are really amazing in their skills and expertise:



I would strongly suggest that people here on FF should all go, visit and join "PVSRA Scalping with Cigarguy" at least temporarily to get some real insight in Forex and the basics on Forex Market and trading - As you can see, the PVSRA indicators, TDI-RSI, Fibonacci and EMAs, can all help and integrated - especially in the Higher TF of H4, D1 and W1, which I am doing here.

Personally, I do not do as well with the lower TF of M1 to M30. However, I may monitor them and occasionally trade them...but, it happens to be too stressful for me these days, even if it can be very lucrative in following a method closely i.e. PVSRA with Cigarguy !

Thanks so much for your input and sharing further details of your strategy. Also, thank you for sharing the indicator - will definitely check out the threads you are kind enough to recommend.

Trade well.

Thanks Ark...you too my friend !