The Captains Chest - Naked Trading & Other Stuff

Post by **dydynamic** » Wed Mar 21, 2018 6:26 am

dydynamic » Tue Mar 20, 2018 8:58 pm wrote:
Lucifer » Tue Mar 20, 2018 6:09 pm wrote: At the moment I see a downtreand at H1 tf...level 1 do you agree?
yes there is an attempt to sustain a down trend at H1 tf and as you can see H1 pl is under serious threat from the higher time frame trends...

New H1 uptrend in play but if broken then full downward trend may commence

Post by **Wavegarrick** » Wed Mar 21, 2018 6:30 am

Thanks for pointing me in the right direction Rewand. I see valuable insights from Cj afterwards. I will study and demo this for a while and hopefully can speak on the same page and give valuable input here.

study p77 and what cj commented afterwards. Put everything on your chart, draw and annotate the sequence of intraday events on your chart. Then you will see something that only few can. Sympathy has found treasure there, you can do the same.

MARGO · Post by **MARGO** » Wed Mar 21, 2018 9:57 am

rewand » Sun Mar 18, 2018 7:45 am wrote:
MARGO » Sat Mar 17, 2018 3:54 pm wrote: Just need to think - what is happening at the time in the market

Page77+

Post by **Wavegarrick** » Wed Mar 21, 2018 2:45 pm

Ok Guys I was fortunate enough to find my first setup today.

1. Grab the asian range. Generally between 15 to 50 pips. This is the accumulation phase on low volumes.
2. Around London open, mark the asian hi/low range.
3. Wait for the asian breakout, no matter if it is to the upside or downside, you don't care
4. After 30 to 90min, mark the LOD/HOD (low of the day, high of the day).
5. Price will retrace a bit, now look for "M" or "W" patterns.
6. Enter short at the top, long at the bottom at the second retest. Look also for patterns like pin's, rrt, hanging man, etc in the M & W zones.
7. If all is ok you should be in profit.
8. Breakout traders are trapped in their breakout thing. They are now hoping the price will go at least at their entry price to exit at BE ... but price is now ranging, they are stuck ...
9. One hour after, the trend will resume and the price will be begin to drift in your direction forcing breakout trader to close their order, this will also accelerate the move.

The asian range on Eurcad was just over 60 pips which was a big range. I waited for London open and an M to form on the 15 min t/frame. There was a false breakout in london open, the reason I felt comfortable with opening this short is because we had a lower low on the daily t/frame.

Be careful between London & NY close, there should be a pullback if the range was big. This keeps a bit a the volume and money for the next day.

As lhDt mentions be careful between london and NY close so will be watching out for this.
Comments are welcome and it is a first for me and early days, but I am determined to get a hang of this now.

Cheers
Leon

goodo · Post by **goodo** » Wed Mar 21, 2018 3:54 pm

Wavegarrick » Wed Mar 21, 2018 2:45 pm wrote:Ok Guys I was fortunate enough to find my first setup today.

1. Grab the asian range. Generally between 15 to 50 pips. This is the accumulation phase on low volumes.
2. Around London open, mark the asian hi/low range.
3. Wait for the asian breakout, no matter if it is to the upside or downside, you don't care
4. After 30 to 90min, mark the LOD/HOD (low of the day, high of the day).
5. Price will retrace a bit, now look for "M" or "W" patterns.
6. Enter short at the top, long at the bottom at the second retest. Look also for patterns like pin's, rrt, hanging man, etc in the M & W zones.
7. If all is ok you should be in profit.
8. Breakout traders are trapped in their breakout thing. They are now hoping the price will go at least at their entry price to exit at BE ... but price is now ranging, they are stuck ...
9. One hour after, the trend will resume and the price will be begin to drift in your direction forcing breakout trader to close their order, this will also accelerate the move.
The asian range on Eurcad was just over 60 pips which was a big range. I waited for London open and an M to form on the 15 min t/frame. There was a false breakout in london open, the reason I felt comfortable with opening this short is because we had a lower low on the daily t/frame.
Be careful between London & NY close, there should be a pullback if the range was big. This keeps a bit a the volume and money for the next day.
As lhDt mentions be careful between london and NY close so will be watching out for this.
Comments are welcome and it is a first for me and early days, but I am determined to get a hang of this now.

Cheers
Leon

Nicely done. And wouldn't you say H1 is now heading into level 1 after resetting @ 1.6025?

IMG_1335.PNG

Post by **Wavegarrick** » Wed Mar 21, 2018 4:41 pm

Hi Goodo,

Thanks for your comment.

Nicely done. And wouldn't you say H1 is now heading into level 1 after resetting @ 1.6025?

I am looking at this right now with a comment from CJ on page 78

You can have a 3 day cycle of either rising or falling price. After this 3 day cycle completes, you may have a reversal into another 3 day cycle.

If I look at the daily timeframe we had 3 pushes up which means 3 months since the 3 of Jan 2018 so we could be in for a reversal cycle. For me level one would be a break of the previous low at 1.57500 and reset.

Cheers
Leon

goodo · Post by **goodo** » Wed Mar 21, 2018 6:50 pm

Wavegarrick » Wed Mar 21, 2018 4:41 pm wrote:If I look at the daily timeframe we had 3 pushes up which means 3 months since the 3 of Jan 2018 so we could be in for a reversal cycle. For me level one would be a break of the previous low at 1.57500 and reset.

Cheers
Leon

Hi Leon, thanks for replying. I am still studying all of this.

rambo06 · Post by **rambo06** » Wed Mar 21, 2018 6:55 pm

I would look for USDJPY reversal from here .. Stop hunt complete and fox just threw up a W..

Best Regards

Lucifer · Post by **Lucifer** » Wed Mar 21, 2018 7:19 pm

MARGO wrote:
rewand » Sun Mar 18, 2018 7:45 am wrote:
MARGO » Sat Mar 17, 2018 3:54 pm wrote: Just need to think - what is happening at the time in the market

Page77+

Good job! I don't know what that arrows mean but the last arrow pointing down means it is going to fall right? I'm expecting also the same movement

dydynamic wrote:
dydynamic » Tue Mar 20, 2018 8:58 pm wrote:
Lucifer » Tue Mar 20, 2018 6:09 pm wrote: At the moment I see a downtreand at H1 tf...level 1 do you agree?
yes there is an attempt to sustain a down trend at H1 tf and as you can see H1 pl is under serious threat from the higher time frame trends...
New H1 uptrend in play but if broken then full downward trend may commence

Yeah I'm expecting EU to fall tomorrow

Post by **Wavegarrick** » Thu Mar 22, 2018 2:58 pm

Trade taken On Eurusd today.

The asian range was broken to the upside. I took this trade based on the fact that price reached my daily resistance at London open. Also in the sixths Zone. A cardinal rule I broke is that I did not wait for the M to form on the 15 min t/frame.

Nevertheless all turned out good> I am currently locked in at 40 pips profit with 70 pips if I close now.

Cheers
Leon