Online Professional Forex Training
June 1, 2017

Trade What You See – Almost Naked Trading

I am starting this thread for those of us who love charts…watching them…studying them…analyzing them and of course, making money from them.

My system is simple. It is a basic trend following one using the weekly, daily and H4 charts. I have made a goodly amount of money using this system, although I cannot say that I “discovered” it.

I have traded forex for approximately 4 years, have lost more than a few thousand dollars, have responded to more than one $99 special offer for the holy grail. I have followed several threads on FF, some with more success than others, have downloaded about every indicator known to man. But I did not start making real money until I deleted all the indicators (except one) and started drawing trendlines and support/resistance levels.

I do not have my ego involved in this thread, as I have noticed many “thread starters” do. I have been a successful attorney for many years and have no need to prove anything to either myself or to others. I do believe in helping others though, and can think of no better way than by sharing my little knowledge with other like minded traders, hoping that we all become even more successful together.

I post on two other forums on FF and have had many traders ask about my trading and charts…so many in fact, that I thought it was a good time to set the method down once and for all so that I would no longer have to individually respond to private messages and emails, regarding same. So let’s get going:

TRADE ANY MARKET SESSION THAT MAKES SENSE FOR YOUR LIFESTYLE. DON’T WORRY ABOUT WHICH MARKET IS OPEN, WHICH IS CLOSED.

 

TRADE ANY MARKET SESSION THAT MAKES SENSE FOR YOUR LIFESTYLE. DON’T WORRY ABOUT WHICH MARKET IS OPEN, WHICH IS CLOSED.
1. The Three Tap Trade (3 Tap H4)
A. Chart Set Up

Save as template:

H4 candlestick chart with period separators. Add to this chart a standard RSI indicator set with period (3). That’s it…all there is to it! See the first chart below. It is the Almost Naked chart which is the foundation of all of the trading set-ups which I will discuss below.

B. Check Trend on Weekly, Daily, and H4 Charts

This is the most important part of this method. All three (3) timeframes (TFs) must be in agreement (confirmation) on direction.
Perhaps, the easiest way to do this is to attach the RSI Arrow Indicator to your charts. The indicator and directions can be found .

It is important that you develop the ability to confirm the RSI directions without using an indicator because you should visually verify the positioning of the RSI on the H4, Daily, and Weekly charts before entering a trade.
Scan through any or all pairs you wish to trade and jot down only those which have confirmation of direction on all three TFs. Do this by observing the RSI.

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