Trade What You See - Almost Naked Trading

Dear FF Fellow Friends,

I have to return here to Lawgirl21's Non-Commercial Thread named "Trade What You See - Almost Naked Trading" using her
"THE CHART LOVER'S METHOD" ! (see Page 1).

This is a very simple approach to Forex Trading using RSI Indicator set at a 3 day Period on the H1, H4 and D1 TFs . However simple, as a student here, IMHO, it does appear to be very synergistically more powerful when combining them with S/R, Fib, Stoch and Japanese PA Reversal Candle Setups !

Basically, it is a Position Price Action Trading focusing on RSI as noted above, but I have added somemore clothes, so not so fully "Naked"...I am just shy I guess (LOL). But seriously, I have tried just to use the Price Action basics including: 1) Trend (RSI with Stoch); 2) Key Levels (S/R + Fib); and Steve Nison's Japanese Candle Reversal patterns or Setups:







Therefore, I have added Stoch (14,3,3) to help guide my trades, as well as sticking with H4 and Daily.

Also, I have added the Weekly TF in the hopes of dampening or reducing the noise or choppiness of the Market that comes with weekly High Impact (Red) News.

I will later post zip files for my baseline trades today for each Broker-TF including : 1. FXCM using the H4 TF trades; 2. Fxchoice for the Day TF, and lastly, 3. Oanda for my Weekly TF trades as published above for your closer evaluation.

I took a total of 15 trades today for next week's Forex market.

Well, Have a great weekend !

Well, here are my compress zip files of my trades taken today thst will hopefully provide both a learning experience and some Profits >> Losses:

Finally, if interested, here are my zip files containing the Experts, Indicators and Templates for each Broker Demo account I have setup with separate TFs for testing outcomes - of course, you can use only one broker Demo to do the same as well - read the file headers for further information with these files:

FXCM H4 TF:



FxChoice D1 TF:



Oanda Wk TF:



And of course, I would like to again thank all those FF MT4 Coders and FF Staff that have made all this possible for us with special thanks to LAWGIRL21 - the originator of the Chart Lovers Method on this FF Thread !!!!!!!!!! (see Post#1 on Page 1) and here are some files I made of some of her more important posts:





All you folks are obviously CREATIVELY BRILLIANT - like someone I know intimately !

If I live long enough, I promise to make donations to ALL of you when I become a billionaire trading Forex and run for U.S. Presidency in 4 years !!!!!!

OK ? Then, Ok ... What ? Doesn't everyone need to have realistically achievable goals ? I will be 63 in 4 years...and hopefully enjoy another 20 years like my father (RIP) in order to trade Forex !!!!!!

Enjoy and Good night - need sleep to reduce my delusive state (LOL) ZZZZ zzzzz

Here are several other Price Action E-Books on FF in one pdf for your studying with your spare time:



Note: I just realized that Lawgirl's "T3 BO H4" Method is very similar the original Bullish Japanese Candle Reversal Pattern of the "Three White Soldiers" and the Bearish Japanese Candle Reversal Pattern of the "Three Black Crows" !

Wow ! See the above Table ! She obviously is a genius with her powerful observations ! (See Page 1, Post #1) Most likely a MENSA member

However, my quest is to also look at the other Reversal Patterns with the RSI, Stoch and Fib to see how they correlate and to see if I can observe even more positive results (and Profits) using simple 2x2 grid statistical assessments of Indicator or Indicator Combination versus positive and negative predictive outcome values of True Positives (TP), True Negatives (TN), False Positives (FP) and False Negatives (FN). Gosh...that will keep me busy for the next few months

I hope that it is OK with you folks that just want to see how "Almost Naked [RSI only] Charts" to allow me to Post Charts that I want to simply correlate with the other standard Indicators.

Of course, as I begin seeing how the other Indicators work with the RSI, then I will obviously clean or become more naked with my Charts i.e. maybe using only the RSI with a Stoch and/or Bollinger Band Indicator, etc.

Here is an excellent Indicator to try for Automatically Recognizing these "Japanese Candle Reversal Patterns"(my training wheels) until you have put them into memory like the reading the Trend without the RSI 3 day Indicator:

Attached File(s)

Pattern_Recognition-mod-SN.mq4   16 KB | 639 downloads

used with templates for this Price Recognition Chart:

IMHO, here I will wait because of the discrepancy of 3 RSI up with signs overall continuation Trend down because it is too early to see what any apparent setup will do needing several more candles to close out - never trading in mid-candles before closing.




I have attached a recent blog below on always being careful NOT to always "Trade What You See" and being patient while waiting a few candles before accessing the trend overall like is required with Lawgirl21's wisdom to wait for the 3 Taps with her "3T BO H4" and the 4 candle touches with her "H1 4C BO" setup .

The article, or blog, also discusses that it may be wise to think what you feel a Professional Trader (Banks) would do to Close you out:



Forex trading is really not so easy as it really requires discipline and patience. Apparently, only 2% of Forex Retail Traders are successful because you must learn to think what the Big Institutions with do to stop your trades out !

Perhaps, there is a very good reason why there are so many agencies that are required to watch these large Banks and Brokerage Firms that move the Markets - so many of these MMs have been fined for shady business against the small time retail Forex traders (that's us).

Like in War, one must think like the Enemy...what you would do to you if you where on the other side to beat you ! Thus, this why besides the Trend, the next important thing to do is to set up your Key S/R Levels manually by looking to the prior history of Highs and Lows so that you can anticipate the Retraces or Pull-Backs - especially with periods of High Impact Red News !

As a very close college friend would jokingly say "Think of the Worse and You'll always be Happy !" may apply here: Think of the worse of a potential Retrace or Pullback, or poorly placed Stop Loss, and you always be happy winning more than losing Pips ! (LOL)

What will Big Brother do here ?




Therefore, maybe there is wisdom in the statement "Think like a Contrarian !" as noted by some Forex Experts ! Thus, "The Trend IS YOUR FRIEND !" is definitely not always true ! The Market Maker want you to ALWAYS assume this. The MM are full-time Contrarians and as well as successful Retail Forex Traders who learn how to think the same, thus "...sitting on their coat-tails !" See the Sonic R and/or PVSRA Threads to obtain some great materials on trading WITH the MMs !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Now, I see where the saying or adage comes from: "If You Can't Beat Them...Join Them !" (LOL) An Ah-Hah moment for me as I write you....Wow...what insight without even smoking medical marijuana ! Not, that I do, of course ;-)

Consider using a slightly more generous SL, perhaps with the ATR set 3 to 7 days is key with a RR of 1:1 or 2:1 or several 10-15 Pips below or above the last candle, all depending on the Price Action, of course ! Also, do not trade into the Red News - "the Feds, special speakers, Non-Farm,etc." - unless you are a Scalper looking for these major events to scalp Pips on the 1M to the H1 TFs - not for me - personally, much too stressful and time consuming me...but, it was fun scalping occasionally in my younger years ;-)

Here is an excellent EA to automatically that I have modified for my trades...you can modify it as you like as well or just manually set your SL (the most important) and TP levels:

Good Morning Friends - 0648 EDT

Here are some great FREE Forex Price Action Educational Videos for learning to think like a Professional Trader, by 4 different prolific Commercial Price Action Guru's: Nial Fuller, Timmon Weller, Nick at Forex4Noobs and Dr. Walter Peters.

These 4 individuals are the least pushy to sell you any Forex products on the market and instead they are EXTREMELY dedicated to teach on YouTube what they know with unbelievable amount of materials than they are interested in money from sales.

From my experience, they seem to want to really want teach how to begin trading with an edge versus gambling and losing more than profiting - where "The House Always Wins" !!!

I thought I would share these links with you here as I am planning to review them this weekend and probably every weekend here after to begin looking at Forex a real small-business at of my home.

Here are the Forex Guru's from the slightly pushy to annoying pushy ones - but, we all have to make a living - right ?

But, here are the Forex Guru's not in any particular order with the level of any Pushy-Sales of Forex Products or Services - all-in-all they are all great people - really:

First, Nial Fuller:



Next, Timmon Weller:



Next, Nick at Forex4Noobs:



Finally, Dr. Walt Peters :




Enjoy the Videos this weekend, but make time for family, friends and your pet (s) ! They need you too

OK My Esteemed FF Friends,

Before eating Brunch this morning, I would like to share my humble Forex Analysis of the EURUSD. It does seem that the most successful FF Traders focus on this EURUSD only looking at both the Technical and Fundamental analysis - click on Trades and view on the the top of right and click on the links of each top author who rack-up the Pips !

It has been noted by Hypnosis Expert who teach Neurolingistic Programming (NLP), that the quickest way to success is "Modelling" after the Experts in a field you want to Master too!

Sincerely yours,

- DrJohn

OK my FF friends,

I will be using the FxChoice MT5 64 Bit GMT+2 this morning (1120 EDT) on the EURUSD from the very top TF to the lowest I would consider the H1, using a very clean or Naked Chart and add my "2 cents" for each level...I found this approach so interesting the EURUSD pair ... all, while I listen and watch my hot little Asperger girlfriend dance to her EMINEM to her Hip-Hop videos on YouTube...life could not get any better for this old man !

For those that wish, please share your comments - I would appreciate learning from the Experts here on FF to the Newbies just starting here on FF...we all can learn from each other !

After I post these EURUSD Charts, I will then comment on them. Please bear with me ;-)

Well, here I go with the EURUSD:

MN TF:



WK TF



Day TF:



H4 TF:



H1 TF:



All of the above Charts in PDF:



NOW FOR MY BRUNCH -I'll back in 30 minutes 1230 EDT !

The Forex Analysis of the EURUSD from the Top to the Bottom TFs:

MN TF - Key Lines are draw showing that classically the "Support becomes Resistance" - Zoomed-Out and then Zoomed-On:





WK TF - Theoretically, the more touches by H & L the stronger the Key Levels. It known, the more touches by H & L the stronger the Key Levels - but never guaranteed with a unexpected "Breakthrough" or "Break-Out (BO)" with either "Pull-Back" or "Retrace" unless you think like the Contrarian Large MM and Banks who try to capture Pips (Currency-Money) from other MMs,large Hedge Funds or some fraudulent Banks that make up approx. 95 % Forex trading or the little Retail Trader's making only 5% of all Forex the 3 Billion Market (see important links at the end of the Post and read very closely !)





D1 TF - It looks like no read PA setup and too early on the D1 TF:





H4 TF: It looks like there is a Pull-back with the major trend to perhaps capture a few Pip going short. However, there is a pending Retrace...looking at this Chart with a patient Contrarian approach, it is best to wait and go long with the Bulls as the Bears trade become exhausted.





H1 TF: Lastly, there may be a very early up and coming H1 3C BO on the EURUSD H1.





Again, if you haven't yet, take a look at the links below regarding Big Brother Investors and cases of fraud:

See https://en.wikipedia.org/wiki/Retail...change_trading and https://en.wikipedia.org/wiki/Foreign_exchange_fraud !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

which of those videos is yours?

None ruma29 ...Sorry, I am just a student of Price Action trying to learn from the "Experts" here on FF and the Free YouTube videos.

Besides, I am just too old and ugly to do so. Well, maybe when I get my teeth fixed (LOL) I will make a video - maybe I do some stand-up comedy with free Forex videos ;-)

But honestly, the only thing that I have really learned is that unless you really have a strict method and plan with a lot of emotional psychological control , you will definitely lose on Forex as a simple Forex gambler.


Do you have any videos or Charts to share ? I would be very interested in looking at them if you do !

have a good day.

https://twitter.com/TechCharts?lang=tr
I am following long time ,There are nice analyzes at nice times.
With naked and classic charts

Thank you GoKay...I see that you are a Professional Trader....well good...I will follow you too here and on twitter...very impressing.

Yes, I am not surprised for this upward triangular setup...I did watch a very excellent documentary on Hong Kong's upward economic market and some major upcoming businesses ! Excellent !

Well, I am finished for now and will look more carefully at the Market with anticipating what the Chart is saying to myself: What are the Big Time Traders thinking ? How, could I stop-out my opponents with a disadvantage with much smaller financial accounts ?

The following are testing my MT5 FxChoice Demo platform using the Almost Naked technique on the H4 TF. The only thing I have added is the Stochastic Indicator (14,3,3) with the RSI Indicator(3). I will close my trades in the morning before the NY Open due to some High Impact news from major speeches:



Here we are... 70 minutes later after assessing and analyzing the other 28 pairs + XAUUSD, the USDJPY showing significant Bearish movement with the T3 BO H4 Candle the downward TL:



I will follow up with the others before closing out just before the NY open due to High Impact Red News (two speeches).