The Captains Chest - Naked Trading & Other Stuff

Post by **sympathy** » Wed May 06, 2015 10:51 pm

dudest » Wed May 06, 2015 11:01 pm wrote:
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!

Thanks Dudest

Post by **sympathy** » Wed May 06, 2015 11:06 pm

Watching GA

Post by **seanyd** » Wed May 06, 2015 11:23 pm

dudest » Wed May 06, 2015 9:48 pm wrote:
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

.

Great to see you again

I also think their will be dollar strength soon looking for 1 more push tomorrow on GU to set up for NFP on Fri ??

Screenshot (191).png

Piter80 · Post by **Piter80** » Thu May 07, 2015 6:46 am

Hi
I can't trade like Dudest or Dagu with that kind of stacking.
Best for me is stack 5-10 trades.Most of times 10-20 pips between trades.
Everyone have to find his own way

dudest · Post by **dudest** » Thu May 07, 2015 6:54 am

dudest » Wed May 06, 2015 6:28 pm wrote:
True dat.

Think the only trade I'll take and hold right now is the EURSEK (http://www.stevehopwoodforex.com/phpBB3 ... 56#p120756)

It set up nicely while I was typing the previous post!

Added Silver shorts to the mix

20150507_xagusd_h1_tv+abc_shorts.png

PS: I fell asleep typing this last night, stuff may have changed!

tk28 · Post by **tk28** » Thu May 07, 2015 8:29 am

this same what yesterday, ABC above and below

but another exit direction

dudest · Post by **dudest** » Thu May 07, 2015 8:33 am

sympathy » Thu May 07, 2015 1:47 am wrote:Level Reset

My take. Waiting to see if it sets up, then I'll be all over it

20150507_usdsek_h4_abc_maybe_forming_for_longs.png

.

dudest · Post by **dudest** » Thu May 07, 2015 9:26 am

go4pips » Thu May 07, 2015 1:09 am wrote:
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.

Hi E,

I'm not worthy to be listed in the same line as CJ! Gimme a few years! (maybe 7!)

The 'M' was there, just didn't go far

After getting burned quite a few times predicting where a '3' should be, I nowadays wait till either an 'M' or 'W' forms on H4 or higher, OR till a stop-hunt happens

All the best in the next trade!

Cheers

Post by **ZumZum** » Thu May 07, 2015 5:15 pm

Interesting picture formed:

USDCAD.Daily.png

A positive Non-Farm Payroll reading could trigger it to 1.24 area. Definitely on watchlist.

Cheers :hi:
Arthur

dudest · Post by **dudest** » Thu May 07, 2015 8:39 pm

dudest » Tue Apr 28, 2015 5:49 pm wrote:Someone (very big) must have some big plans for GBPAUD (winding it up like that...)

.

Have just gone short at upper TV boundary which is also 61.8 rtrc of latest swing.
Prepared for it to go past 73.6, will find a couple of grateful sell limits there if it does

20150507_gbpaud_d1_tv_retrace_61.8_shorts.png

.