The Captains Chest - Naked Trading & Other Stuff

[blazej]

GpbCad - possible swing trade - looking for a short here, looks like M on top, price do not want to do up, moves in very tight range.

[dudest]

Hi Guys

NZDUSD



USDJPY

I am liking your charts!...

Nice entry (AGAIN) into the NZDUSD! and that USDJPY D1 looks wicked!

Going through mine, hopefully will see something interesting to chime in

[dudest]

Up to your old tricks again eh Mr Fox?

20141218_usdchf_m30_tracking_barf.png

20141218_eurusd_m30_tracking_barf.png

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[dudest]

My biggest problem is finishing the trades.I hold most of my trades too long.When you Guys know when finish the trades?This is annoying.Most trades start perfect,but after hold too long,or too short.

Hi Piter,

These are CJ's thoughts on the same

I look for 50 pips and it really doesn't matter where I pick it up.

I once traded mostly on the D1 and H4 time frames, looking for those long runs for hundreds of pips. But while trading back then,my lot sizes were a lot smaller than what I trade now and I would only take one or two trade entries.

Now, I look for the short run, jump on the Fox with larger sized orders and stack the hell out of them when it's obvious that I am correct.

The idea is to make money.

Take what is given and close the trade in profit.
Your goal is to determine what direction price is moving and get a piece of that move.

I close my trades when I am satisfied with the profits or wish to cut loses and apply the funds to another trade. Too many people get hung up on making the perfect trade", looking for exact entry and exit. Those same people hardly ever find either. I look to make money on my trades. Each persons comfort zone on trades is as different as our looks. When I put a trade on, I expect to make money. When I end a trade, I end the trade and move to the next. You have to develop your own zones, the ones that are comfortable for you.
John

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[Piter80]

Thanks Dudest.You are doing great job here
USDJPY S on c level after M forming on H1
That's my problem.Easy to jump in,hard to jump out in right time.But I'm learning every day something.
Thank's CJ.His open many eyes.

[dudest]

GBPCHF D1:

Have taken late long entry entry on this one based on the pinbar bounce off Very Big Round Number 1.5000

TP area is the falling trendline. Mental stop is below Monday's low

Let's see how long the wedge holds...



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...

Also closed GBPCHF at small profit around the same time when it wasn't showing that 'get-up-and-go'

...

Right, so today on London open it decides to 'get-up-and-go'...! aargh! <forehead slap!>

20141217_gbpchf_d1_long_off_pinbar_at_vbrn.png

20141218_gbpchf_d1_long_off_pinbar_at_vbrn_end.png

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[Piter80]

Thanks Dudest.I know CJ posts I have them in my mind.But my greed is winning:/ I need strong rules.I thing 61 and 73 fibo levels that's good target.

[dudest]

Up to your old tricks again eh Mr Fox?

20141218_usdchf_m30_tracking_barf.png

20141218_usdchf_m30_tracking_barf_HH_pins_short.png

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[dudest]

Thanks Dudest.You are doing great job here
USDJPY S on c level after M forming on H1
That's my problem.Easy to jump in,hard to jump out in right time.But I'm learning every day something.
Thank's CJ.His open many eyes.

True dat!, we pray many blessings upon him and his family

Piter, you are good at when to jump in.
Try larger sized lots, so that if, for example, you get out at, say 100 pips, it would be as if price had moved 300 pips. ( And even if it continues moving on to 300 pips, it doesn't matter!, you made your money, that's what counts )

Cheers!

[dudest]

Thanks Dudest.I know CJ posts I have them in my mind.But my greed is winning:/ I need strong rules.I thing 61 and 73 fibo levels that's good target.

No judgement on you bro, I (we) feel you, it's something every single one of us has to figure out & be content with within ourselves

S/R's (whether horizontal or diagonal (trendlines) or Fibs ) are great places to enter/exit

When you are comfortable with entry, next step is to stack. Nowadays, because of stacking, I don't need HUGE runs; 1 push move is more than enough (& sometimes you get 2 or 3). For example, right now, I have over 20 LOTS on USD shorts (USDJPY, USDDKK, USDCHF). Trading them back to their trendlines is more than enough

Cheers