Trade What You See - Almost Naked Trading

Well my FF Friends,

Here are my Day Charts for the Week of 2016-11-20, using my FxChoice ECN Demo and Oanda Demo accounts for comparison:

FxChoice ECN (5 Trades):



Oanda SP (6 Trades):



I plan to patiently "sit on my hands" while letting the trades go to completion. That means *NO*: 1. Closing Out manually and allow my TP or SL to be reached; 2. Moving my SL to BE every 50-100 Pip of FX market daily movement; 3. Changing my TP:SL 2:1 RR trades; and 4. Adding another trade to avoid "over-trading".

Let's see if I have better outcomes this week

Stay Green and Happy Trading !

Hey FF Friends,

Well, I decided to use my FXCM GMT+2 Demo account to trade with the Week TF to help filter out the recent Market Choppiness on the lower TFs (H4 and D1). I have uploaded my weekly trades using the Weekly TF (11 trades total). So far this morning, I see that using the same RSI with PA, TDI and Stoch-RSI with the D1 TF, I am actually showing positive Pips on the Weekly TF vs the Daily:



The idea of most accurate trades with using the Weekly in the beginning of the week or month seems very intriguing ! This obviously takes even more patience than the D1 TF !

This will not be easy so easy me...but, I am sure I could get use to it if I Profit >> Losses !

I definitely need to investigate FF Threads for Week TF trades with PA, RSI, etc. !

Best wishes and stay Green !

See you soon !

Dear Friends,

From my FF Thread search for Weekly FX trading, I found the thread by the professional commercial FX traderTimon Weller at "Price Action with the Weekly Chart for Massive Profits".

He has an excellent detailed introduction YouTube video wherein he describes his "Met for weekly trading. Check out the FF Thread. Here is his video on the FF Thread for your convenience:

As a result, I did Close Weekly trades from my trades last night (Sunday in EST), that began reversing. Because I was late doing so, I did loose my edge of Tim's Method with loss of Pips. I went from 11 trades to 0nly 3 know. But, despite a Weekly TF, the momentum and accuracy are very powerful, but a D1 TF reversal on a new day can still affect your profits.

I think you will get some great free info on his Thread and video - so, go for it ! I believe it will help with LG21's RSI "Chart Lovers Method" on this thread.

Best wishes and stay Green !

Coming off the Fib 50% support - "The Fib 50% Phenomena" and RSI crossing the 50% too:

Again, coming off the Fib 50% support - "The Fib 50% Phenomena" while the RSI crossing the 50% too:

Coming off the Fib 74% Resistance and RSI crossing the 50% too:

Bullish Engulfing Pattern and RSI 50% Cx:

In retrospect, it is likely that Bull's rally has reached exhaustion. A late bullish trade that I will close on the AO. Here is my emotional impulsive move on the NY Session without really considering to the supper-long Rally w/o Stoch-RSI showing an OB status !

Again, I went bearish while not considering the overall picture of a OS situation by the Bears likely going to pull-back into the bullish trend again when looking at the Stoch-RSI. I remember thinking at the time that it did look like a fairly good trade on the Weekly and wanting to strength of the Trend even if was so near the OB area of the Stoch-RSI.

I will close this one as well on the AO !