The Captains Chest - Naked Trading & Other Stuff

[klaatu]

pips

Great charts ...

when do you close a trade?
I saw that on EU on some trades (78401556, 9, 565) you were in loss with 62 pips.
What was your strategy then, and at what price/pattern would have you been closed them?

thanks (I wrote similar comm but didn't save ... apologies if is doubled)

[sympathy]

I see similarities... maybe just my imagination

CLEANUP YOUR CHART BRO. things are happening inside.

[sympathy]

pips

Great charts ...

when do you close a trade?
I saw that on EU on some trades (78401556, 9, 565) you were in loss with 62 pips.
What was your strategy then, and at what price/pattern would have you been closed them?

thanks (I wrote similar comm but didn't save ... apologies if is doubled)

Yea I just have to show it because sometimes we loose good setups due to some kind of spikes. like I said before I close them when price is retracing opposite my direction. sometime my trade will go red but if the direction is pure I will stick to it.

[sympathy]

UCAD

What's your TP on this?

thanks for the charts

opposite levels

[sympathy]

Maybe an ABC : U/Cad

Thanks Sympathy

nice trade

[sympathy]

see you guys later. my network is bad today just want to close some of my positions.

[Occam]

This pales in significance compared to sympathy's monster trades (lovin' those charts sympathy) but here's a little M15 EJ trade .. 3 pushes to support and a W formed by the wicks, back up across the range...

20150708_2042 EJ M15.jpg

And a UCAD M15 trade which I got a good ABC entry short but didn't exactly manage the exit well at the pivot instead of allowing it to go to the target at the lows. An example allowing the fox to use the pivot to draw traders in to chop them up. Still tossing up whether to take the pivot off or not but sometimes it seems a good exit when price has moved 50+ pips or so (as in the EJ trade).

[Edit: just noticed your comment Sean on the ABC on UCAD, nice!]

Anyway CJ's concepts are starting to sink in methinks...

20150708_2053 UCAD M15 ABC.jpg

[sympathy]

this is EJ in its 3rd level waiting for a reversal, this is were the strategy comes in. you have to wait and see if the last candle pins. sometimes I enter at the previous candle but in this situation, I will allow the second candle to pin above the previous low. that pattern is called a double bottom aka RRT. that's how it works but you have to make sure you are at level 3.

[sympathy]

This pales in significance compared to sympathy's monster trades (lovin' those charts sympathy) but here's a little M15 EJ trade .. 3 pushes to support and a W formed by the wicks, back up across the range...



And a UCAD M15 trade which I got a good ABC entry short but didn't exactly manage the exit well at the pivot instead of allowing it to go to the target at the lows. An example allowing the fox to use the pivot to draw traders in to chop them up. Still tossing up whether to take the pivots off or not but sometimes it seems a good exit when price has moved 50+ pips or so (as in the EJ trade).

[Edit: just noticed your comment Sean on the ABC on UCAD, nice!]

Anyway CJ's concepts are starting to sink in methinks...

Ye you are on point

[sympathy]

look at this cadj pair, f you open your eyes very well you will notice some tricks mr fox is producing. the tricks will materialize maybe Friday or next week. I will hammer it up when it comes. if you wona see it pls check 1hr tf. its just a normal pattern you know.