The Captains Chest - Naked Trading & Other Stuff

dudest · Post by **dudest** » Wed May 06, 2015 8:55 pm

go4pips » Wed May 06, 2015 11:29 am wrote:
good morning, eur/nzd 4h, near 1.50000 , 3 level
E

Bummer for the loss E

Seems ENZD didn't want to turn just yet

dudest · Post by **dudest** » Wed May 06, 2015 9:19 pm

adp » Wed May 06, 2015 7:09 pm wrote:If I remember right, in last NFP, I had a great opportunity to go short as the price rose rapidly. Unfortunately, I took an entry way too early as it looked like price was about to reverse.. of course, price then rose steadily for another while, leaving me with a loss. In a short period of time later, the price was pretty much back where it started. I think (from memory) price rose steadily for a few hours or more on the back of that NFP release, before falling, which I wasn't expecting. I will have to have a look back at that day and try and refresh my memory.

I will hopefully try and do the same thing this time, whether long or short, but it's whether I can get the timing right this time. If I can get a high entry, and go short that will be my current preference, the question will be whether I'm just trading the NFP to scalp a some pips or If I will be looking for a good entry for a longer term trend.

Nice post adp

I have used Fib retraces or an S/R to enter when price is barrelling in a direction due to 'news'

The problem I found is when the Fox has decided that it will just be a book-balancing event, and you end up with a doji for all your efforts (bummer)

Still, scalping some pips by trading price's reaction to the news is not a bad idea

I have limited myself to only taking those crazy 'news' trades when they tie into the completion of a pattern ( e.g an a-b-c to go long, and price spiking down to finish the 'c' )

Cheers

dudest · Post by **dudest** » Wed May 06, 2015 9:20 pm

adp » Wed May 06, 2015 9:12 pm wrote:Could possibly be an M pattern forming on EURUSD

Dudest. I liked your colour scheme, so I decided to adopt it as my own!

Nice!

You got me there though!, you reversed the colours, took me a short while to adjust!

dudest · Post by **dudest** » Wed May 06, 2015 9:22 pm

adp » Wed May 06, 2015 10:28 pm wrote:Scalped a few pips, not sure if price is dropping yet, so playing it safe for now. profit is profit

True dat!

dudest · Post by **dudest** » Wed May 06, 2015 9:48 pm

seanyd » Wed May 06, 2015 11:01 pm wrote:
Hey Dudest how do u handle DD , I got margin called the other day on Aud/Cad that huge spike

How much money would u need in to do say 0.1 lots

P.s

Is this an Abc pattern on U/cad

Hey sean!, long time, good to see you back

Made a change to my lot sizing some months ago. You may have noticed my stacked trades nowadays are in the 0.10 - 0.33 range [ huge cut from when I'd stack 1 - 5 lot trades on the SAME size of a/c ]

For the AUDCAD trade, only two positions were on when the 80 pips stop-hunt spike happened: 0.33 + 0.17
Very roughly: total of 0.5 for 80 pips ~ less than $400 in DD

For today's rough ride however, I had too many positions running (IMO) [ CJ definitely wouldn't approve :/ ] Good thing was though it was several positions per trade going the wrong way, the lots were small. Total 50% DD. Had to cut it, was obvious I was wrong. If I had good positions running that lessened the DD, would still have closed out everything and wiped the slate clean, then re-assess.

50% seems like a lot to cut. But the key for me is: winning hugely when I'm right. And pulling out a chunk of the profits from the a/c (every so often). Keeps me from being reckless and also means I can re-capitalize if disaster happens.

PS: I see the USDCAD same as you! I know I'm sounding insane, but it's plays like this and USDNOK and USDSEK, etc that are making me think USD is going to go up strong, soon

Cheers

20150507_usdcad_h1_stop-hunt_inception_longs.png

.

Post by **sympathy** » Wed May 06, 2015 9:53 pm

ALWAYS DESAME

dudest · Post by **dudest** » Wed May 06, 2015 9:56 pm

adp » Thu May 07, 2015 12:20 am wrote:
It looks to me that the chart you posted has some similarities to one which Dudest posted not long ago about NZDCAD.

Nice spot!

There's a game alright, and I think it's the same kind as with USDCAD

Very interesting that NZDCAD right now is at a BRN area ( 0.9000 ).

That to me is probably the bottom of the 'b' of the 'B'

dudest · Post by **dudest** » Wed May 06, 2015 10:01 pm

sympathy » Thu May 07, 2015 12:53 am wrote:ALWAYS DESAME

Nice one dude!

Looks like Fox is hunting it high, then hunting it low --> trapping volume!

Also common for him to do that when sessions are changing

PS: like the font on your background

, reminds me of good times infront of a Linux terminal

Cheers!

go4pips · Post by **go4pips** » Wed May 06, 2015 10:09 pm

dudest » Wed May 06, 2015 3:55 pm wrote:
go4pips » Wed May 06, 2015 11:29 am wrote:
good morning, eur/nzd 4h, near 1.50000 , 3 level
E
Bummer for the loss E

Seems ENZD didn't want to turn just yet

Yes Dudest, I swear I saw the M on 15 min. lol, next time I wait when M or W show up on the higher time frame, what was I thinking, I am not CJ or Dudest.
Lesson learned.

E.

Post by **sympathy** » Wed May 06, 2015 10:47 pm

Level Reset