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Whistlepips replied Apr 20, 2011Thanks Hans. Informative picture. I just made a cuickcheck on sma 5 with 3 taps in 4h charts and it seems to work on both entrys and exits. On entrys sma 5 abowe/below atleast 2 of the last candle bodies in a 3 tap setup and exit when sma crosses a ...
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 20, 2011Thanks Hans. You saved my day. This seems simple and effective. Actually I was thinking about something like this a while ago. Line chart is a good idea also. It makes it easier to see the big picture. I will definitely test these.
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 20, 20113 taps analysis — I think that I figured out, what was wrong with my 3 taps after those serious hits last night and today also. There has been a trend change in the middle of the week this week in several currencies and thats poison for 3 ...
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 20, 2011Thanks. That 50% idea might work for me.
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 20, 2011Thanks. That may be a good advice. So far I have seldom seen trades which end up to winning ones after about - 50 pips. What would be the hit rate I you accept only about - 50 pips? Ill have to check this out soon.
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 20, 20113 taps — Last night was a bummer, -320 pips with 3 taps. Im now BE.
Have to figure out what went wrong. They looked promising.Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 19, 2011Theres a similar kind of one with aud/chf. It may turn back because London close is 8 mins away.
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 19, 2011Hi Vicky Itīs also a bit risky move to take 3 tap just in a trend turn. You should be cautios if you take it like this one. It can be just a temporary pull-back in the trend or a start of a really long consolidation, see e.g. gbp/chf. My personal ...
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 18, 2011Thanks for this gold tip. I just checked from hourly chart and it seems that gold has recently made several of itīs moves just after NY open. If itīs going to make a larger move, it will probably do so tomorrow (3 tap or break out) just after ny ...
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 18, 2011My policy with SL abowe/below the last swing high/low would have taken care of that
, but I probably wouldnt have taken that deal also because SL would have been huge. BTW it turned just after London close.Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 18, 2011The wick in that last candle is also interesting. Because it is significantly shorter than that previous one. I have noticed that if theres two wicks as they are in those last two candles with no candles between them the trend almost always turns ...
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 18, 2011Theres also that really long wick in a candle just before that last one. It typically tells that there is going to be atleast temporary change in trend. So not a valid 3 tap for me atleast.
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 18, 2011How about GBP/NZD? Itīs fairly volatile also and mowes fast, but it seems to act little more predictable way. Last weekend, while I made some 4H analysis with G/U I realised that most of the significant moves it makes is during the two candles of ...
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 18, 20114H BO — I have done today some BO trading using 4 H charts only. Not 4 candle breakouts, but BOīs in from consolidation in general. Seems to work pretty good in that way also. They may suit better to my trading personality? Easy to see all the ...
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 17, 2011USD/JPY and GBP/JPY have some gap and small spread. Just opened them.
Trade What You See - Almost Naked Trading
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Whistlepips replied Apr 17, 2011Yes. I have used it in quick screening of weekly results for 3 taps and now also on these BO trades. Testing I have made on MT 4. Itīs good for checking gaps and BOīs, etc. By 9 currencies per page you can have all the currencies in only 3 pages. I ...
Trade naked - testing thread