The Captains Chest - Naked Trading & Other Stuff

Post by **sukui** » Sun Jan 03, 2016 11:42 am

Hi Everybody and Happy New Year!!

Good Point Ikdenk! I also wanted to ask you - especially EL Captain - about the fact that everything is changing. I started to read the thread from the beginning (now at page 440) and simultaneously trying to adapt it. But what Ikdenk metioned I also think that everything is changing in the world, nothing remains the same. So it must be right for the FOREX as well.

What do you think about it? Everything can be used as metioned from page 1?

JURIJ: Welcome back, nice to see you and hope you will post

)

Peter

ikdenk » Sat Jan 02, 2016 10:08 pm wrote:Seen yesterday on a yahoogroup forex discussiongroup:

"I have developed hundreds of EAs and none worked for more than a few years. Part has to do with brokers working against successful EAs. One involved trading double tops and double bottoms from methods learned at a $5000 workshop. Once public the extra tops appeared. Now you will see triple tops and bottoms."

The $5000 sounds familiar.

The above information could help us identify patterns that have changed since the beginning of this thread.

Jurij · Post by **Jurij** » Sun Jan 03, 2016 12:13 pm

sukui » Sun Jan 03, 2016 12:42 pm wrote:Hi Everybody and Happy New Year!!

Good Point Ikdenk! I also wanted to ask you - especially EL Captain - about the fact that everything is changing. I started to read the thread from the beginning (now at page 440) and simultaneously trying to adapt it. But what Ikdenk metioned I also think that everything is changing in the world, nothing remains the same. So it must be right for the FOREX as well.

What do you think about it? Everything can be used as metioned from page 1?

JURIJ: Welcome back, nice to see you and hope you will post )

Peter

About the question whether the principles from post 1 still apply, well just look at how sympathy does it every day again and again.

This is also why pattern matching doesn't work, remember what CJ said "same but different", this is the base of pattern recognition. I don't care which pattern they use, all I need is to know that they repeat. Spot the pattern source and expect the repetition.

To add to my previous post, here an example how I would trade those continuos double patterns:

dw.png

Target depending on patern size 2R or 3R if possible

Wish you all a good 2016
Cheers

Post by **scalpz** » Sun Jan 03, 2016 11:09 pm

I look to follow the trend;
HH HL

or
LL LH
for sell

cheers scalpz

Post by **sympathy** » Mon Jan 04, 2016 7:13 am

Morning guys

Hope you guys are Happy. Lets start the new year with nice pips

WELCOME TO 2016

mtl · Post by **mtl** » Mon Jan 04, 2016 7:22 am

sympathy » Mon Jan 04, 2016 8:13 am wrote:Morning guys Hope you guys are Happy. Lets start the new year with nice pips WELCOME TO 2016

:hi:

Post by **sympathy** » Mon Jan 04, 2016 7:28 am

i have some trades running guys. am posting some

Post by **sympathy** » Mon Jan 04, 2016 7:32 am

Just desame proccess

Post by **sympathy** » Mon Jan 04, 2016 8:01 am

UCHF...this pair is funny. not doing anything since last year

Post by **marcoFF** » Mon Jan 04, 2016 10:40 am

sympathy » Mon Jan 04, 2016 9:01 am wrote:UCHF...this pair is funny. not doing anything since last year

Happy new year guys!
symmpathy as always you rock!!!
I now I ask a lot, but can you take one of the new trade posted and share with us your thinking process\analysis?

ti6543 · Post by **ti6543** » Mon Jan 04, 2016 11:06 am

First post here. Ive been trading kinda the CJ method, though I use volume as well as I find it helps.

Today, classic M pattern. Note the high volume on the first leg up high - Fox is active but must be selling. The purple bars signify very high volume. Then not much volume up on second leg.- Fox has what he is after, and with little buying he can then force price down without the threat of unwanted buyers ruining his plans.

I'm still not very good, but am over 50% up since I started 2/3 months ago. Only a small account, but I hope to improve and get larger once I'm confident enough. Hoping to learn from the good guys on here...