The Captains Chest - Naked Trading & Other Stuff

Piter80 · Post by **Piter80** » Fri Apr 03, 2015 11:10 am

Hi Dudest
For me usdjpy looks S,audusd looks L
So it's can be selling dollar day

All best Guys and happy easter

dudest · Post by **dudest** » Fri Apr 03, 2015 11:11 am

mobthehop » Fri Apr 03, 2015 7:20 am wrote:dudest - another quick question - why do you use 73.6 level instead of 76.4 on your fibs?

Cheers

Hi mob,

When practising to read levels, cycles (as CJ taught them), I used to put Fibs on retracements just to gauge depth of pullbacks. 61.8 was a common one that was hit. But there were quite a few hits on a Fibo no that wasn't on the default Fib tool. So I googled all the Fib numbers after 61.8 and tried them until I came across 73.6, and it fitted like a glove on most retracements I came across on different TFs. Have used it ever since

dudest · Post by **dudest** » Fri Apr 03, 2015 11:14 am

Piter80 » Fri Apr 03, 2015 2:10 pm wrote:Hi Dudest
For me usdjpy looks S,audusd looks L
So it's can be selling dollar day

All best Guys and happy easter

Happy Easter to you too Piter!

dudest · Post by **dudest** » Fri Apr 03, 2015 11:20 am

Piter80 » Fri Apr 03, 2015 2:10 pm wrote:Hi Dudest
For me usdjpy looks S,audusd looks L
So it's can be selling dollar day

All best Guys and happy easter

I was USD short from earlier this week. Closed all of them by late Wednesday when they starting giving some 'vybe' like the short plan had been cancelled [ movements in Gold, EURUSD, USDSEK, USDJPY, EURJPY... to me look a bit 'off' ]

Seems to me that a brief USD bull run may be in the cards, before short is resumed
( @NFP: won't be a surprise if price is first spiked down on the USDs, then moved up quickly, forming a pin... )

I could be wrong ... but have a look at these, lemme know what you think...

20150304_usdjpy_h4_abc_trap_longs.png

20150304_usdsek_h1_abc_trap_at_bottom_of_channel_longs.png

20150403_usdchf_h4_abc_trap_longs.png

20150304_eurusd_h1_levels_shorts_then_longs.png

.

dudest · Post by **dudest** » Fri Apr 03, 2015 11:47 am

dudest » Thu Apr 02, 2015 9:47 pm wrote:FWIW 2: USDSEK H1 has a nice a-b-c hunt (for long) at the bottom boundary of its channel

Edit:
# USDCHF is showing signs of turning to longs too...
# If EJ turns, EU will turn too (they've been moving together). Have closed my EU longs

See post above for charts

Post by **jedrula** » Fri Apr 03, 2015 11:48 am

I'll be looking for short next week

uscad.jpg

dudest · Post by **dudest** » Fri Apr 03, 2015 12:12 pm

dudest » Thu Apr 02, 2015 9:44 pm wrote:
bodring » Thu Apr 02, 2015 5:06 pm wrote:
Hi, Dudest. I wanted to ask why you decided that E/J should go up? I have counted 2 levels down, was expecting the 3rd. Is it a retrace to the 1st level or I counted them wrong? Thanks for answer in advance.
Received a couple of PMs as well asking what was the deal with EURJPY longs ! [ strange coz had posted up some charts before the trades + the latest a-b-c hunt ]

I don't think you counted wrong. There seems to be a fluid game going on at the moment. When I get a chance, will post up a chart with my thoughts

PS: FWIW, I think right now might be a good time to short EJ, followed by longs around 129.20 area [ my 2 cents ]

Cheers

My take on EURJPY ( NB: it's moving very similar to EURUSD )

20150304_eurjpy_h4_levels.png

Cheers

dudest · Post by **dudest** » Fri Apr 03, 2015 1:03 pm

dudest » Fri Apr 03, 2015 2:00 pm wrote:It's interesting seeing how prices are behaving when most of the banks are on holiday. Can't wait to see how NFP will shake things up

PS: My bet for today's NFP is net long on the USD. TSBI

* TSBI: this should be interesting

Understatement of the week!!!!

Biggest market open + high impact news + the other markets on holiday = crazy volatility spikes ( large spread widening )

Prime lesson in liquidity workings

Wisznu · Post by **Wisznu** » Fri Apr 03, 2015 2:04 pm

Hi!

Would You guys count this pink area as 1 or 2 pushes? When I'm looking at the next push it seems like it's 1 push. Just want to make sure.

Edit: That's EU M30

https://www.fxblue.com/users/kwanann · Post by **kwanann** » Fri Apr 03, 2015 2:11 pm

Wisznu » Fri Apr 03, 2015 10:04 pm wrote:Hi!

Would You guys count this pink area as 1 or 2 pushes? When I'm looking at the next push it seems like it's 1 push. Just want to make sure.

Edit: That's EU M30

Stop hunt?