The Captains Chest - Naked Trading & Other Stuff

sponn · Post by **sponn** » Fri Sep 11, 2015 9:35 am

jedrula » Fri Sep 11, 2015 11:25 am wrote:
One of the Reasons why A Micro Account is Good for Experiments and Stuff, you Loose Nothing but Gain loads of Knowledge...

Happy Trading Y'all,

xrismak
This is a very good idea I'll try with micro account.
Which broker do you use Xrismak?

I would say that micro is the same like demo. You risk nothing so no fear and greed. Maybe good for finding patterns but not good for learning how to trade. The greed and fear come when you risk or gain yoru week or even one month earnings. Then you feel everything.. Fear, greed, many ideas in your head.

But everybody has his own road to success/lose.

Have a great trading gus. And beware of todays stophunting on gbp and eur pairs.

sponn · Post by **sponn** » Fri Sep 11, 2015 12:22 pm

10 mins to the news and fox gam. Who want to predict moves on gu, eu, uchf and gchf ?

Post by **jedrula** » Fri Sep 11, 2015 12:24 pm

sponn » 11 Sep 2015, 11:35 wrote:
jedrula » Fri Sep 11, 2015 11:25 am wrote:
One of the Reasons why A Micro Account is Good for Experiments and Stuff, you Loose Nothing but Gain loads of Knowledge...

Happy Trading Y'all,

xrismak
This is a very good idea I'll try with micro account.
Which broker do you use Xrismak?
I would say that micro is the same like demo. You risk nothing so no fear and greed. Maybe good for finding patterns but not good for learning how to trade. The greed and fear come when you risk or gain yoru week or even one month earnings. Then you feel everything.. Fear, greed, many ideas in your head.

But everybody has his own road to success/lose.

Have a great trading gus. And beware of todays stophunting on gbp and eur pairs.

A long time ago, when I started I cleaned one real account about 2k eur, (my monthly income), I felt terrible. I know what you mean, I do not want to do it a second time. As for me, I'll start again with a micro account. I will focus on that : do not lose in the long run.

caveywoolpert · Post by **caveywoolpert** » Fri Sep 11, 2015 12:35 pm

sponn » Fri Sep 11, 2015 12:22 pm wrote:10 mins to the news and fox gam. Who want to predict moves on gu, eu, uchf and gchf ?

have a look on yesterdays PA on UCHF on 15 min, may be the key

sponn · Post by **sponn** » Fri Sep 11, 2015 12:38 pm

jedrula » Fri Sep 11, 2015 2:24 pm wrote:
sponn » 11 Sep 2015, 11:35 wrote:
jedrula » Fri Sep 11, 2015 11:25 am wrote:
One of the Reasons why A Micro Account is Good for Experiments and Stuff, you Loose Nothing but Gain loads of Knowledge...

Happy Trading Y'all,

xrismak
This is a very good idea I'll try with micro account.
Which broker do you use Xrismak?
I would say that micro is the same like demo. You risk nothing so no fear and greed. Maybe good for finding patterns but not good for learning how to trade. The greed and fear come when you risk or gain yoru week or even one month earnings. Then you feel everything.. Fear, greed, many ideas in your head.

But everybody has his own road to success/lose.

Have a great trading gus. And beware of todays stophunting on gbp and eur pairs.
A long time ago, when I started I cleaned one real account about 2k eur, (my monthly income), I felt terrible. I know what you mean, I do not want to do it a second time. As for me, I'll start again with a micro account. I will focus on that : do not lose in the long run.

This year i have gained from 1,5 k to 22k and then lost everything... This time im not going to lose account again but believe me it was the best one lesson i've taken in my forex trading.

sponn · Post by **sponn** » Fri Sep 11, 2015 12:40 pm

caveywoolpert » Fri Sep 11, 2015 2:35 pm wrote:
sponn » Fri Sep 11, 2015 12:22 pm wrote:10 mins to the news and fox gam. Who want to predict moves on gu, eu, uchf and gchf ?

have a look on yesterdays PA on UCHF on 15 min, may be the key

u

I have got opened shorts on gchf and uchf and long on eusd and gusd. Not the best time to trade -friday but good oportunities to give a try

Post by **sympathy** » Fri Sep 11, 2015 12:49 pm

one thing you guys have to know about fx is dat setups dosnt come everytime, if you begin to force trade bcos other people are trading you loose your money. i dont take trades everyday like today. my pairs didnt complete there levels before dropping so i didnt take them. so thats how it works.just take is easy nd slow things down.

Post by **sympathy** » Fri Sep 11, 2015 12:53 pm

sponn » Fri Sep 11, 2015 1:40 pm wrote:
caveywoolpert » Fri Sep 11, 2015 2:35 pm wrote:
sponn » Fri Sep 11, 2015 12:22 pm wrote:10 mins to the news and fox gam. Who want to predict moves on gu, eu, uchf and gchf ?

have a look on yesterdays PA on UCHF on 15 min, may be the key
u

I have got opened shorts on gchf and uchf and long on eusd and gusd. Not the best time to trade -friday but good oportunities to give a try

mr fox did one manipulation today that got me thinkng. smart guys.

caveywoolpert · Post by **caveywoolpert** » Fri Sep 11, 2015 1:02 pm

it may happen that fox did not change the pattern, let's see

Post by **jedrula** » Fri Sep 11, 2015 1:13 pm

sympathy » 11 Sep 2015, 14:49 wrote:one thing you guys have to know about fx is dat setups dosnt come everytime, if you begin to force trade bcos other people are trading you loose your money. i dont take trades everyday like today. my pairs didnt complete there levels before dropping so i didnt take them. so thats how it works.just take is easy nd slow things down.

Please do not laugh at this chart (I know that is funny), but it helps me to see levels at higher TF

(Haiken Ashi, MA 1 Low, MA 1 High) Once CJ proposed to look at the linear graph but then we lose information about the price of High and Low.

However, it helps me litte bit.

So the question is: In this particular case (GBP/USD) , we are at Level 2? yes or no?

If answer is "Yes" we are looking forward to Level 3
If answer is "No" we ar looking for Short

For me is L2

Enclosed is how it looks on H4 and H1

gu H4.png

gu h1.png