The Captains Chest - Naked Trading & Other Stuff

[Direwolf]

NZDCAD D1 trapping volume

Anyone want to venture a guess as to which way it'll move after?

I think the bear traps were more obvious. So probably price will hunt stop higher first and then fell? Are there other clues?

[dudest]

Nice channel's been going on in the USDCAD H4

Watching to see if trade opp will present later in the week

20141125_usdcad_h4_channel_watching.png

20141126_usdcad_h4_channel_short.png

.

[dudest]

GBPUSD H4: watching closely to see how it unfolds...

Entries missed by [SPREAD] pips (spread widened during pin (IB) before the move up)

20141125_gbpusd_h4_wedge_one_to_watch.png

20141126_gbpusd_h4_wedge_one_to_watch_aftermath.png

.

[dudest]

NZDCAD D1 trapping volume

Anyone want to venture a guess as to which way it'll move after?

I think the bear traps were more obvious. So probably price will hunt stop higher first and then fell? Are there other clues?

For this one, I haven't a clue to be honest

In such a case, I wait for a trap to break (sometimes it breaks and stalls; the stalling candles are tell-tale signss that give away the final direction)

Watching...

[dudest]

Gold:

20141126_xauusd_h4_rising_wedge.png

20141126_xauusd_h4_rising_wedge_m30_view.png

.

[Direwolf]

In such a case, I wait for a trap to break (sometimes it breaks and stalls; the stalling candles are tell-tale signss that give away the final direction)

Watching...

How do you read final direction from stalling candles?

[dudest]

In such a case, I wait for a trap to break (sometimes it breaks and stalls; the stalling candles are tell-tale signss that give away the final direction)

Watching...

How do you read final direction from stalling candles?

Lemme dig my archives and get some examples

PS: The other way I've seen to tell the final direction beforehand is: sometimes after L1 high/low has been reached, a TV is formed that coils price before it is moved to L2 (often faking direction before being turned around in the direction of L2 push)

Lemme check

[dudest]

In such a case, I wait for a trap to break (sometimes it breaks and stalls; the stalling candles are tell-tale signss that give away the final direction)

Watching...

How do you read final direction from stalling candles?

Lemme dig my archives and get some examples

PS: The other way I've seen to tell the final direction beforehand is: sometimes after L1 high/low has been reached, a TV is formed that coils price before it is moved to L2 (often faking direction before being turned around in the direction of L2 push)

Lemme check

Stalling example

XAUUSDH4_TV_STALL.png

TV before push to next level example

20141121_xauusd_h4_out_of_tv_longs_l2_to_l3.png

==

For the record, unless I can place the TV in the context of level counts, I do NOT try to predict where it will go. I wait for the break to see whether there will be direction clues. If there are none, I watch from the sidelines

Cheers

[dudest]

GBPJPY H1:

20141126_gbpjpy_h1_shorts.png

.

[Direwolf]

Thank you Dudest. Your lines are so clear to see. What makes you think this wasn't the TV by the way? Too small, not accumulating enough orders?

2014-11-26_2331.png

I had my first win trades after studying this thread today
GBPCHF, got 3 positions in for 40, 35 and 27 pips.
Great day.

PS. from the chart above, were you able to capture the 1st push?