Hi Vicky...ordinarily yes, but not for the purpose of this trade setup. The purpose of this trade is to catch the very beginnings of a trend and to maximize the pips with multiple positions, if there is a trend starting. Thirty pips can tell us ...

Trade What You See - Almost Naked Trading

Adjust SL along the way and take profits off the board as you move into profits...whatever you are comfortable with. I like to take some profits as I go, but that's up to the individual. I have taken several hundred pips from my GBPUSD trades, for ...

Trade What You See - Almost Naked Trading

CHFJPY — There is no TP on this trade setup. This trade is intended to take as much profit as the daily candle has to offer.....or hit the 30 pip SL. That's why it is entered as close to the open of the new daily candle as possible, when the ...

Trade What You See - Almost Naked Trading

EURAUD — Chart

Trade What You See - Almost Naked Trading

GBPJPY — Will use a BO to add a position.

Trade What You See - Almost Naked Trading

USDJPY — H1 4C BO

Trade What You See - Almost Naked Trading

I call them scouts or probes.

Trade What You See - Almost Naked Trading

CHFJPY — New position added based on new daily candle and confirmation on the daily and weekly RSIs. 30 pip SL.

Trade What You See - Almost Naked Trading

AUDJPY — Added a new position here too, although may have been a little premature. Should have waited for confirmation from Daily RSI.

Trade What You See - Almost Naked Trading

Use the candles that constitute the consolidation, generally at least 4 candles. A consolidation is somewhat in the eye of the beholder. If you are not sure about them, you will need to study lots of charts and draw S/R lines. Consolidation ...

Trade What You See - Almost Naked Trading

GBPUSD — Added a new position with 30 pip SL based on the new daily candle.

Trade What You See - Almost Naked Trading

No reason for RSI 3, other than I found after much testing, it to be the most accurate...meaning as closely related to current action as any lagging indicator can get. No, no 3 Tap H1 setups. If there is a hourly chart shown with a three tap, it was ...

Trade What You See - Almost Naked Trading

Thank you for your kind words, eltax, and glad you have joined us.

Trade What You See - Almost Naked Trading

Exactly right. Everything for that particular trade setup would be measured/determined in relation to the S/R lines for the first 4 hours.

Trade What You See - Almost Naked Trading

That's a good question and one I haven't throught about, but no, no adjustments need to be made. Your broker would have made any necessary adjustments.

Trade What You See - Almost Naked Trading

EURUSD — Made a nice move down, is stalling now, hopefully will continue down after the stall.

Trade What You See - Almost Naked Trading

NZDUSD — 3 Tap

Trade What You See - Almost Naked Trading

CADJPY — One more..

Trade What You See - Almost Naked Trading

JPYs — Charts

Trade What You See - Almost Naked Trading

EURJPY — As pippete said earlier, the JPYs are looking to be good ZC trades.

Trade What You See - Almost Naked Trading