Trade What You See - Almost Naked Trading

Last week, I tried scalping with mixed results and too much stress personally.

In any case, I am looking at the Methods H1 3C BO and T3 BO H4 or D1 again. I am posting here even though I have added a few Indicator to test and see if possibly these added may enhance the RSI 3 day Indicators vs. the latter Indicator only.

I am uploading my first two Charts today on the Onanda GMT-5 hr Demo to share here in the hopes of getting some comments here.

It seems to be a combination of both H1 3C BO and T3 BO H4.

D1 Charts Stoch-RSI charts are showing OS so that they are likely to RT and probably CL. I only took there trade for educational purposes to see what happens with OS signs:

Attachment

I CL my trade as the trend was starting to reverse at Support Near Term in the Buyers (Bulls) Zone ...only a few Pips but still positive:

I CL the following Chart as well due to the beginning of a reversal and wanting to secure my Profits.

Note that the setups were good for the short-term as many showed being OB or OS on the Stoch Indicator at the time.

As the result, they only lasted only a few hours probably related to the NY Close and Asian Session Open:

You have nice charts.And congrats!

Thank you very much mathtrader....that means a lot coming from you as an seasoned trader here on FF !

I came upon great Indicators especially 'Super Signals" based on Renko technology as you know very well ;-)

The following Indicators, when integrated, have helped find trade retraces or pullbacks on the D1 TF that show the RSI(3)-based Method setups here (T3 BO H4 and H1 4C BO) frequently on the lower TFs of H4 and H1.

I am very impressed how the "Super Signal" Renko-based Indicator ties tin very well with the D1 to H1 TFs together with very powerful predictability of the of contrarian trading necessary with surviving and profiting from the highly risky Forex Market !

Here is the unbelievable "Super Signal" Indicator for those that are interested as well as my other modified Indicators.

I highly recommend it plus a OB-OS Indicator I use as well for my Price Action Contrarian analysis and setups to date - remember that timing with adequate TP and SL, as well as entry and existing, are all important too !

Basic steps in Price Action analysis on my D1 TF trades:

1. Trend-Momentum:







2. Key Levels:





3. PA Signal Setups:





4. Money Management:





Thanks to the FF Coders and others who have made this possible for me ;-)

Lastly, it comes down to patience, vigilance, perseverance, planning, discipline and passion when trading Forex !