The Captains Chest - Naked Trading & Other Stuff

Direwolf · Post by **Direwolf** » Fri Jan 09, 2015 4:10 pm

EURUSD is crazy! I may be in a trouble now. Added more sell position, wonder if I'll get killed.

2015-01-09_2309.png

dudest · Post by **dudest** » Fri Jan 09, 2015 4:12 pm

daggerfall » Fri Jan 09, 2015 2:37 pm wrote:
blazej » Fri Jan 09, 2015 8:53 am wrote:XAGUSD M30 Are You Dagger builind long position here?

Greetings,

Błażej

P.S. This weekend I'am gonna read the thread again. There is something I still do not "see".

P.S. 2. Thank You for Your help Dudest.
Yes I'm long here
Best regards

I've shorted Silver after that H1 pin 12mins ago.
Pin is rejecting 73.6, 61.8 and closed under apex line of the TV that price got out of a few hours ago

Jurij · Post by **Jurij** » Fri Jan 09, 2015 4:27 pm

daggerfall » Thu Jan 08, 2015 4:35 pm wrote:
Hi Juri
It's just simple M and W patern, CJ showed us this pattern many times, OFC you are right this pattern mean retace and nice run, it's also a stophunt to take some big order and run away, cou can find this pattern on all TF's even on monthly or tick charts
Sometimes M and W means nothing more than just pasue for next falls/rises

best regards

Yes a variation of the M and W pattern. The interesting aspect is that the second leg must go beyond the first high/low and it doesn't matter if by just a few pips or 50 pips. Also this pattern gives clear profit targets unlike the classic M/W pattern (TP at previous swing high/low of retracement).

This is an example setup I took on demo trying some things out (entry on 4H pin bars):

audusd 4h rdsh.png

audusd 4h rdsh2.png

audusd 4h rdsh3.png

Example what I mean with second leg can go beyond first leg:

m variation example.png

dudest · Post by **dudest** » Fri Jan 09, 2015 4:36 pm

Anyone wanna long USDSGD?

20150109_usdsgd_h4_tl_long_opps.png

.

dudest · Post by **dudest** » Fri Jan 09, 2015 5:37 pm

blazej » Fri Jan 09, 2015 6:13 pm wrote:Holy f***. You are crazy

Fox is a badass...pushing up prices to trap longs

For us, that just means better prices to go short, so lay it to them!

dudest · Post by **dudest** » Fri Jan 09, 2015 6:00 pm

Jurij » Fri Jan 09, 2015 7:27 pm wrote:
Yes a variation of the M and W pattern. The interesting aspect is that the second leg must go beyond the first high/low and it doesn't matter if by just a few pips or 50 pips. Also this pattern gives clear profit targets unlike the classic M/W pattern (TP at previous swing high/low of retracement).

This is an example setup I took on demo trying some things out (entry on 4H pin bars):

Example what I mean with second leg can go beyond first leg:

On-point Jurij!

That's a good ol' 'W' on AUDUSD H4, price went up nicely

Cheers

Post by **Dagu** » Fri Jan 09, 2015 10:18 pm

Hi guys ; ) It's time for summary of the week

Wednesday

Screenshot_1.jpg

Thurstday

Screenshot_2.jpg

Friday

Screenshot_3.jpg

My rules are simple
Everyday I'm searching all pairs from my broker to find ONE BEST PATERN - ONLY ONE - NO MORE - ONE BEST PATTERN FROM ALL OTHERS
After finding best pattern I'm stacking him to hell ; )

That is all from me
best regards

lluisitu · Post by **lluisitu** » Sat Jan 10, 2015 2:02 am

Hi,

Thanks all for all the graphs and posts, this is very helpful to learn the charts.

Does someone has a particular view on GBPCAD?

Checking H4 Chart seems we are forming a similar pattern to the one in November, we have completed three legs down in a nice bearish channel and my only doubt would be if break out will happen in this touch or in next one after one more retracement down?
Anyone with a view on it?

Regards,

dudest · Post by **dudest** » Sat Jan 10, 2015 8:19 am

daggerfall » Sat Jan 10, 2015 1:18 am wrote:Hi guys ; ) It's time for summary of the week

Wednesday

Thurstday

Friday

My rules are simple
Everyday I'm searching all pairs from my broker to find ONE BEST PATERN - ONLY ONE - NO MORE - ONE BEST PATTERN FROM ALL OTHERS
After finding best pattern I'm stacking him to hell ; )

That is all from me
best regards

My trades look like child's play in comparison!! :O

Good stuff!

dudest · Post by **dudest** » Sat Jan 10, 2015 8:52 am

lluisitu » Sat Jan 10, 2015 5:02 am wrote:Hi,

Thanks all for all the graphs and posts, this is very helpful to learn the charts.

Does someone has a particular view on GBPCAD?

Checking H4 Chart seems we are forming a similar pattern to the one in November, we have completed three legs down in a nice bearish channel and my only doubt would be if break out will happen in this touch or in next one after one more retracement down?
Anyone with a view on it?

Regards,

20150109_gbpcad_d1_73.6_pin_longs.png

20150110_gbpcad_d1_73.6_pin_longs_channel.png

.