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- Cencored replied Oct 17, 2010
Am short EJ and GJ on h1 4 candle BO. Both in the money now.
Trade What You See - Almost Naked Trading
- Cencored replied Oct 16, 2010
Having a hard and fast pip goal is always flawed, no matter which strategy IMO. Markets are dynamic, so simply take what the market gives you. E.g. if you see a bottom forming in the RSI indicator, take your profit. If you see reversal candles ...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 16, 2010
This is fantastic, I was hoping for an EA like that! Thanks so much Steve!!
Trade What You See - Almost Naked Trading
- Cencored replied Oct 14, 2010
Don't know how low it 'can' go but I trade what i see, not what I feel. is USDJPY too low? Perhaps, but I thought it was too low when BOJ intervened last time. I got my pips and am out, but I'd say if it hits 81, we may see BOJ do something about ...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 13, 2010
Thanks LG, although according to the system, the support line is one candle below yours (on the 4th H1 candle). However in reality, the support line is along all those lows from the previous few days.This trade is also a 3-tap h4 trade.
Trade What You See - Almost Naked Trading
- Cencored replied Oct 13, 2010
USDJPY looking good for a South. Tried the m15 entry I learned from LG and am in the trade. There are rumors of BOJ intervention, perhaps at 81, so I will only take 20 odd pips on this one.
Trade What You See - Almost Naked Trading
- Cencored replied Oct 13, 2010
I am not sure where I got off base LG? I would appreciate your thoughts here - I have done BO trading for a long time, but I never changed to a smaller TF for entries. Anyway, this is probably going off topic, so lets get back to trading! Everyone ...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 13, 2010
Been trading forex for over 4 years, mate... but always learning new tricks - as with every art form. And trading is exactly that. I live in Sydney, and you? I'm trading a variation of LG's system which has proven valuable to me in the past. If you ...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 13, 2010
Completely outside means high and low of candle is completely outside of S/R band on m15? Is it possible to backtest this system properly? Using the D1 candle, the RSI direction can change on the latest candle. Do you use the RSI direction from the ...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 13, 2010
Right, so you enter on the m15, not the h1?
Trade What You See - Almost Naked Trading
- Cencored replied Oct 13, 2010
Sorry, was nighttime here in Australia. Yes I traded them both as H1 BO's. LG, do you wait for candle closes before you enter? I noticed that if you don't do that, it is easy to get faked out...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 13, 2010
Saw this trade too, but already was short in AUDCAD and EURCAD. Both beautiful trades too.
Trade What You See - Almost Naked Trading
- Cencored replied Oct 12, 2010
Good call, LG! This trade is looking good on the h4 as well. However I don't like the R:R on D1 with an SL below the previous low (i.e. about 170 pips away) and a potential reward of 60pips at the likely bounce of 1.4000. Decided to skip this trade ...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 12, 2010
Yes I entered that one just a few minutes ago. It just crossed the 200 EMA, which is always an obstacle. Lets see how it goes...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 12, 2010
Hi LG, did you take the EURAUD long on the H1? I entered too late and ended on the close of the h1 candle, which was right at the top...
Trade What You See - Almost Naked Trading
- Cencored replied Oct 11, 2010
AJ looks good for a short on H1!
Trade What You See - Almost Naked Trading
- Cencored replied Oct 11, 2010
Yes that's what I meant - the h1 4 candle entry. It can be traded without consultation of the h4, is what my backtesting experience shows. Correct?
Trade What You See - Almost Naked Trading
- Cencored replied Oct 11, 2010
Hi Lawgirl, do you only trade H1 if there was a 2 tap on the h4? I took a close look at H1 and find that you can trade it separately from any h4 setup. Is that your experience as well?
Trade What You See - Almost Naked Trading
- Cencored replied Oct 11, 2010
I am short NZDUSD H1 and long EURAUD H1. I entered at the close of the break out candle on both.
Trade What You See - Almost Naked Trading
- Cencored replied Oct 10, 2010
Hi Lawgirl, thanks for this amazing system. I have a question to it though: the 3-tap trendline has to be accurately tapped by the candle wicks (meaning precise taps, not wicks poking through the trendline?). And could you please explain the 4 ...
Trade What You See - Almost Naked Trading