The Captains Chest - Naked Trading & Other Stuff

Direwolf · Post by **Direwolf** » Thu Feb 12, 2015 4:05 pm

What was your short pattern for UJ/UCAD dudest?

maperdel · Post by **maperdel** » Thu Feb 12, 2015 4:55 pm

What do you think about CAD/JPY Daily?

CADJPYDaily.png

dudest · Post by **dudest** » Thu Feb 12, 2015 6:12 pm

Jurij » Wed Feb 11, 2015 11:23 am wrote:I'm looking at USDCAD short, based on previous price map, but also on the following chart

I hope dudest agrees

We cleaned up good!, didn't we Jurij?

20150212_usdcad_h4_levels_shorts_2.png

.

dudest · Post by **dudest** » Thu Feb 12, 2015 6:15 pm

dudest » Thu Feb 12, 2015 2:31 pm wrote:GBPAUD: Watch out for a rejection short trade at VBRN 2.0000

20150212_gbpaud_vbrn_2.0000_shorts.png

Have pending shorts from 1.9930 all the way to 2.0000 [ being prepared for scenarios where (1) price can not get back to the vbrn or (2) price can not breach the vbrn ]

Cheers

maperdel · Post by **maperdel** » Thu Feb 12, 2015 6:24 pm

dudest » Thu Feb 12, 2015 1:12 pm wrote:
Jurij » Wed Feb 11, 2015 11:23 am wrote:I'm looking at USDCAD short, based on previous price map, but also on the following chart

I hope dudest agrees
We cleaned up good!, didn't we Jurij?

.

Hey guys, where did you take profit? At the 23.6% level or you will wait to the 0 Fib level??

Thanks!

dudest · Post by **dudest** » Thu Feb 12, 2015 6:32 pm

Direwolf » Thu Feb 12, 2015 7:05 pm wrote:What was your short pattern for UJ/UCAD dudest?

Hey DW,

Both were level trades

UCAD
>> Hit an important S/R 1.2700 and didn't breach it. Instead, went down and started trapping volume.
>> You know one of my signature trades: peak --> tv --> retrace to 73.6 --> next level
>> For UCAD: rejected S/R at peak high --> down --> tv --> retrace (at this point, pendings were set at 61.8 and 73.6) --> played out
>> PS: didn't hurt that Jurij's UCAD map confirmed what I's hoping about the levels

UJPY
>> What I thought was level 2 was just a bump on the way, but it's a familiar pattern: strong rise --> do a wave --> strong rise --> sharp fall
>> As UJPY started approaching resistances after doing the game above, started expecting it to peak ( L2 ), then fall.
>> PS: Got in early, and was in a bit of DD but added a bit more as it went up, and thankfully it played along

Didn't hurt that other pairs were showing a similar story ( USD down ). Was also short USDZAR, and long EURUSD, NZDUSD, Gold and Silver. All played out EXCEPT Gold and SIlver, which is not a coincidence (both were held down), something's up....

Currently have UJPY pending buys straddled between 61.8 and 73.6 retrace

Will post up annotated charts for you later tonight or tomorrow

Cheers

dudest · Post by **dudest** » Thu Feb 12, 2015 6:36 pm

maperdel » Thu Feb 12, 2015 9:24 pm wrote:
dudest » Thu Feb 12, 2015 1:12 pm wrote:
Jurij » Wed Feb 11, 2015 11:23 am wrote:I'm looking at USDCAD short, based on previous price map, but also on the following chart

I hope dudest agrees
We cleaned up good!, didn't we Jurij?

.
Hey guys, where did you take profit? At the 23.6% level or you will wait to the 0 Fib level??

Thanks!

Hi Maperdel,

I closed out all my trades coz I's OK with the combined profit (had stacked quite a bit overall...)

But I think UCAD is headed to L2, which could be another 200 pips down

Cheers

maperdel · Post by **maperdel** » Thu Feb 12, 2015 6:40 pm

thanks Dudest,you're a great help over here....

Jurij · Post by **Jurij** » Thu Feb 12, 2015 6:46 pm

maperdel » Thu Feb 12, 2015 7:24 pm wrote:
Hey guys, where did you take profit? At the 23.6% level or you will wait to the 0 Fib level??

Thanks!

dudest » Thu Feb 12, 2015 7:12 pm wrote:
We cleaned up good!, didn't we Jurij?

.

2R booked from the USDCAD 1H pin bar rejecting the .786 fibo retrace level. TP was just SL pips * 2 (2R).
Still have some stacked trades open following my USDCAD map, TP is at lows...

usdcad 1H PB TV level and 4H map.png

Jurij » Thu Feb 12, 2015 11:10 am wrote:...
ps. GBPAUD is going down on 30M so maybe the drawn bottom is not yet the ultimate one...
EDIT: and now back up with GBP news, so definitive bottom should be in place now...

dudest » Thu Feb 12, 2015 7:15 pm wrote:

Have pending shorts from 1.9930 all the way to 2.0000 [ being prepared for scenarios where (1) price can not get back to the vbrn or (2) price can not breach the vbrn ]

Cheers

GBPAUD: 2R also on 30M pin bar setup following 4H map...

gbpaud 30M PB 30M-4H map.png

Price seems deviating from map, so not sure what will happen, consider that this could be level 3 peak high formation.

dudest · Post by **dudest** » Fri Feb 13, 2015 3:30 am

Jurij » Thu Feb 12, 2015 9:46 pm wrote:

2R booked from the USDCAD 1H pin bar rejecting the .786 fibo retrace level. TP was just SL pips * 2 (2R).
Still have some stacked trades open following my USDCAD map, TP is at lows...

GBPAUD: 2R also on 30M pin bar setup following 4H map...

Price seems deviating from map, so not sure what will happen, consider that this could be level 3 peak high formation.

Suspecting GBPAUD, GBPJPY and XAUUSD will form a-b-c's on H4 during the day

Man! those "same same but different" lessons from CJ really took it to the next level!