The Captains Chest - Naked Trading & Other Stuff

dudest · Post by **dudest** » Tue Feb 17, 2015 12:24 pm

Gold and Silver look like they could be headed up. Have closed previous Silver shorts

20150217_xagusd_h4_shorts_closed.png

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Jurij · Post by **Jurij** » Tue Feb 17, 2015 1:43 pm

While EURJPY was/is heading up, GBPJPY was/is heading down. Correlated pairs have not always to agree, I was a bit uncertain after taking a short entry on GBPJPY but it worked out well...

gbpjpy 1H 6.18 lvl3 PB 1H-15M.png

gbpjpy 1H 6.18 lvl3 PB 1H-15M2.png

ps. this is one of those setups repeating over and over, lvl3 -> .618 fib + pin bar/pins/M pins

dudest · Post by **dudest** » Tue Feb 17, 2015 1:46 pm

dudest » Mon Feb 16, 2015 6:10 pm wrote:
dudest » Sun Feb 15, 2015 2:54 am wrote:EURGBP longs: in DD. But the hunt may swing it in my favour

...

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Got tired of the hunt games, and closed out

20150217_eurgbp_h1_abc_longs_closed.png

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Jurij · Post by **Jurij** » Tue Feb 17, 2015 1:50 pm

dudest » Tue Feb 17, 2015 12:59 pm wrote:
Might come back to test the former resistance - now support [ i.e, top of the range ] before continuing

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nice trade!
Why did you look for another set of 3 levels of rise after previous 3 levels? Is this based on the 4H/D1 chart? Or why? Trying to understand your thoughts...

dudest · Post by **dudest** » Tue Feb 17, 2015 2:04 pm

go4pips » Mon Feb 16, 2015 8:04 pm wrote:
Hello Dudest,thank you for your help.
you asked what is my plan with EUR/NZD, correct me if am wrong or there is already something screaming and I don't see.

1, as the above chart show there is a room to take trade on the smaller time frame (i missed this one i am on emergency calls ) until the market settle down most probably lots of short and longs will be heat (stop hunt) before we see the market takes off one way or an other.

2, will watch the price closely between 1.45000 and 1.60000 when it comes close to or breaks does levels then I will look close what I see and take trades accordingly.

Wouldn't be amazing to ride the trend up or down long us it gives.
Thank you.
E.

Hi E,

Nice breakdown/plan

@Longs: No, there wasn't something screaming; I just wanted to know whether you wanted to go long

I purely entered due to my thinking that this is level 2 retrace completed, and price being at 73.6 is at a nice place to go long

It's hanging around at the mo, and I'm currently in DD but I still think it has a chance.
If it *does* climb, it should at least get to 1.5440 ( IMHO )

Cheers

20150217_eurnzd_d1_longs_possibilities.png

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dudest · Post by **dudest** » Tue Feb 17, 2015 2:14 pm

Jurij » Tue Feb 17, 2015 4:50 pm wrote:
dudest » Tue Feb 17, 2015 12:59 pm wrote:
Might come back to test the former resistance - now support [ i.e, top of the range ] before continuing

.
nice trade!
Why did you look for another set of 3 levels of rise after previous 3 levels? Is this based on the 4H/D1 chart? Or why? Trying to understand your thoughts...

Hi Jurij,

Should have said 3 pushes ==> 3 levels each having 3 pushes [ though CJ reserved that for M15 ]

Captain Jack » Mon Apr 08, 2013 11:19 am wrote:
When I speak of 3 levels of rise over 3-5 days, it's on the 15M time frame, not the 4H.

The levels pertain to the daily cycle. 3 levels over 3 days.

There can be 3 pushes in price on any of the days. The 3 pushes happen over the 1 day cycle of Asian, London and NY session.

That is the difference in a level and a push.

...

For CADJPY, though I am using H1, I get the feeling that this is the beginning of Level 2 (3 pushes), and then Level 3 ( 3 pushes ). Primarily because of the Weekly 2-bar reversal I posted earlier, and given that pricec could keep going up to Fib 50 retrace on the Weekly, which is about 99.00 ( over 300 pips away )

Cheers

dudest · Post by **dudest** » Tue Feb 17, 2015 3:24 pm

dudest » Tue Feb 17, 2015 3:24 pm wrote:Gold and Silver look like they could be headed up. Have closed previous Silver shorts

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@Headed up: fail!

Rocketed down for another 250pips+ equivalent

Jurij · Post by **Jurij** » Tue Feb 17, 2015 4:47 pm

dudest » Tue Feb 17, 2015 3:14 pm wrote:
Hi Jurij,

Should have said 3 pushes ==> 3 levels each having 3 pushes [ though CJ reserved that for M15 ]

For CADJPY, though I am using H1, I get the feeling that this is the beginning of Level 2 (3 pushes), and then Level 3 ( 3 pushes ). Primarily because of the Weekly 2-bar reversal I posted earlier, and given that pricec could keep going up to Fib 50 retrace on the Weekly, which is about 99.00 ( over 300 pips away )

Cheers

yes I see

thanks

dudest · Post by **dudest** » Tue Feb 17, 2015 7:10 pm

NZDJPY at a nice place for shorts [ BRN 90.00 and 61.8 retrace ]

20150217_nzdjpy_d1_brn90_61.8_shorts.png

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Piter80 · Post by **Piter80** » Tue Feb 17, 2015 8:04 pm

Hi Dudest
I'm not sure,but we can be in one from this two points.

NZDJPYM30.png

I'm take only one trade in this week so far.Usdcad well profited

Like Dagger said.I'm take only the best patterns.

Best regards