The Captains Chest - Naked Trading & Other Stuff

[tommiho]

Thanks Dudest, there is more luck to it than trading fines. Still learning. The curve is steeper than I thought.
Your hints and clues are very welcome.

[dudest]

Remember a few days ago, when I was looking at my "map" of AUDJPY and was wondering about the extent of the drop? Huh, how's today for an answer



It's interesting to note how the levels in the drop got distorted, yet now we have something that better looks like that M15... So, instant reversal now?

I like your map man! [ forgive my assumption if you are not a man... ]

Anticipating the a-b-c, took AUDUSD longs and closed them as soon as the large pin formed on H1

Want to wait for price to fall back again ( to form the 'c' ) then re-enter

[ Same scheme for AUDJPY ]

Cheers! :hi:

20150203_audusd_h1_longs_closed_waiting_for_c.png

20150203_audjpy_h4_waiting_c_for_longs.png

.

[Zaleske]

I like your map man! [ forgive my assumption if you are not a man... ]

Anticipating the a-b-c, took AUDUSD longs and closed them as soon as the large pin formed on H1

Want to wait for price to fall back again ( to form the 'c' ) then re-enter

[ Same scheme for AUDJPY ]

Cheers! :hi:



.

I am indeed a man, so no problem here

The pair pretty much did what it was supposed to do today, and I also closed a nice stack on that demo account, keeping first trade as anchor. Price should not revisit your "b".

I'd like to draw a more accurate map, but I'm not really sure about where the pauses will be since the levels have been kind of messed with... Nevertheless, it should go up for a while. I'll probably keep on focusing on that pair and not look around too much, still a lot to learn. Have to read more on your ABC concept too ...

[Zaleske]

I am indeed a man, so no problem here

The pair pretty much did what it was supposed to do today, and I also closed a nice stack on that demo account, keeping first trade as anchor. Price should not revisit your "b".

I'd like to draw a more accurate map, but I'm not really sure about where the pauses will be since the levels have been kind of messed with... Nevertheless, it should go up for a while. I'll probably keep on focusing on that pair and not look around too much, still a lot to learn. Have to read more on your ABC concept too ...

Yet, i tried

2015-02-03_22-06-17.jpg

However, if the general shape still holds and the levels are misplaced, I can still see it go a bit higher than I drew, even to 94.5-95ish, to burn the stops around 01/28 high before going back down to print the C. Something like that:

2015-02-03_22-17-06.jpg

What do you think?

[dudest]

I am indeed a man, so no problem here

The pair pretty much did what it was supposed to do today, and I also closed a nice stack on that demo account, keeping first trade as anchor. Price should not revisit your "b".

I'd like to draw a more accurate map, but I'm not really sure about where the pauses will be since the levels have been kind of messed with... Nevertheless, it should go up for a while. I'll probably keep on focusing on that pair and not look around too much, still a lot to learn. Have to read more on your ABC concept too ...

Goodstuff!

PS: the 'ABC' concept is actually a revelation of CJ's. 'ABC' was just how I lettered the points in order to remember them. It's a stop-hunt pattern that he revealed in his BARF thread at FXAW [ PDF available for download here ]

http://www.stevehopwoodforex.com/phpBB3 ... 39#p107439

http://www.stevehopwoodforex.com/phpBB3 ... 13#p107513

http://www.stevehopwoodforex.com/phpBB3 ... 13#p107613

Cheers

[dudest]

Hi peeps,

Here's a neat script that Tommaso (milanese) coded up for me the other day [ thanks bro! :hi: ]

Got tired of placing MANY pendings manually. So the script does the donkey work

The inputs are very straight-forward

Code: Select all

Lot = 0.50;                  # pending order lot size
Direction=1;                 # 1 = buy, 2 = sell
First_PendingOrder_Price=0;  # price to set the first pending order at
NumberOfPendingsToSet=5;     # number of pending orders to create
DistanceOrdersPips=20;       # distance between pending orders
MagicNumber=0;               # magic number of pending orders
TradeComment="";             # trade order comment for the pending orders 
ShowAlerts = false;          # set true to get an Alert on each successful creation

Script goes into your MQL4\scripts folder

Enjoy

PlacePendingOrders_Dudest.mq4

[Jurij]

I like your map man! [ forgive my assumption if you are not a man... ]

Anticipating the a-b-c, took AUDUSD longs and closed them as soon as the large pin formed on H1

Want to wait for price to fall back again ( to form the 'c' ) then re-enter

[ Same scheme for AUDJPY ]

Cheers! :hi:



.

Looks good, possible retracement coming soon, if price continues following the map I posted the other day.

audusd 4H map3.png

audusd 4H map.png

ps. the question is when does price stop following a map? I guess we will see soon enough

[dudest]

USDSGD H4: nice place to go long

A. Go up and form M to go down
B. Form a W, and start the count again for another 3 levels up

20150203_usdsgd_h4_great_area_for_longs.png

.

[dudest]

Looks good, possible retracement coming soon, if price continues following the map I posted the other day.



ps. the question is when does price stop following a map? I guess we will see soon enough

Hi Jurij,

I'm hoping it will just be a minor retrace (like a typical a-b-c)

Have my buy limits set between 90.30 and 90.70 [ between 50.0 and 61.8 Fib ] {AUDJPY}

[dudest]

Yet, i tried



However, if the general shape still holds and the levels are misplaced, I can still see it go a bit higher than I drew, even to 94.5-95ish, to burn the stops around 01/28 high before going back down to print the C. Something like that:



What do you think?

Hi Zaleske

I think the high point after 'b' is the minor bump before 'a' is formed. So I think 'c' may come alot sooner (probably by NY today)

Have pendings set incase it does

Cheers