The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

"I've said many times, find the RRT on a higher time frame, drop down to a lower time frame and you will find the "W" or "M" that the RRT represents!"

This is clear



But I cant say that its RRT until it formed


Thats why I ask about levels/pushes because without right map price patterns are useless.

And what else are you looking at when you "think" a RRT is forming?? I seem to recall posting about the spread widening on the pair when the pins are forming...THAT'S WHY YOU WILL NEVER GET THAT BUY OR SELL PRICE YOU THINK YOU ARE GOING TO GET WHEN THEY DO THIS....THE SPREAD HAS GROWN QUITE LARGE.

There are pics of this as it happens during pin formation in this thread...

When I trade a RRT, I want my order in the pins... If you have trouble seeing these, then you can set a pending order to sell when price falls below the RRT bottom in this case... I won't give away the profit as some RRT's are long in length...

2015-09-30_18-39-36.jpg

There are plenty of resources out there where you can learn candle stick strategy. As I've said, this is how I trade and it is up to you to incorporate it into your style.


-CJ-

[Captain Jack]

For everybody that's sending PM's....I will not reply to about 99% of them... ask your questions within the thread....

-CJ-

[go4pips]

Hello Captain Jack, nice to read your post, nice to see you here, please drop by when you can, very much appreciated.
E.

[botrak]

I tested this in july at many pairs. This is my random chart from there. I dont have good recent picture because indicator dont save data.

spread.jpg

Yes spread widen during "news" events by 10 times or more. It can also "randomly" widen during the day and at the end of NY session/during asian.
But I didnt notice huge widening at EVERY RRT/M. Mostly spread may not widen more than 1.5-2 times of normal size. Is 1.5 times brief widening is sign of RRT incoming?

[Captain Jack]

I tested this in july at many pairs. This is my random chart from there. I dont have good recent picture because indicator dont save data.


Yes spread widen during "news" events by 10 times or more. It can also "randomly" widen during the day and at the end of NY session/during asian.
But I didnt notice huge widening at EVERY RRT/M. Mostly spread may not widen more than 1.5-2 times of normal size. Is 1.5 times brief widening is sign of RRT incoming?

I trade when I find a trade, no matter the time frame. I pin an order(s) to the Fox's tail when the op presents itself. I have no clue as to your trading style. If you are looking for trades on the 15m time frame, then you are day trading for the most part. Look up some of Steve Mauro's work on his methods.... he used various "indicators" in his sessions BUT he also strongly stresses that he watches the bid/ask and spreads, and can tell when the top or bottom has been reached when the widening starts just by doing this.... search his vids on Youtube.

A lot of people toss about terms like 3 and 5 day cycles here with no clue as to what they actually are... here's an old chart, AGAIN from the thread, that explains pushes and levels....check this action on the 15m tf....how many days for each push and for each level???

2-5-2014 1-25-12 PM.png

-CJ-

[Captain Jack]

I tested this in july at many pairs. This is my random chart from there. I dont have good recent picture because indicator dont save data.


Yes spread widen during "news" events by 10 times or more. It can also "randomly" widen during the day and at the end of NY session/during asian.
But I didnt notice huge widening at EVERY RRT/M. Mostly spread may not widen more than 1.5-2 times of normal size. Is 1.5 times brief widening is sign of RRT incoming?

If you want to watch this, as stated before, just open up and order box on the pair you are trading and WATCH...

2015-09-30_21-04-15.jpg

2015-09-30_21-05-26.jpg

2015-09-30_21-07-34.jpg

2015-09-30_21-13-41.jpg

The last one shows normal bid ask price graphs that parallel each others...until spread widens and they go in opposite directions.... then you get a "pin"...

In my opinion, when spread widens, it's done for a reason...

-CJ-

[Lowphat]

may be some interesting stuff on the nzd pairs

[subashr]

I tested this in july at many pairs. This is my random chart from there. I dont have good recent picture because indicator dont save data.


Yes spread widen during "news" events by 10 times or more. It can also "randomly" widen during the day and at the end of NY session/during asian.
But I didnt notice huge widening at EVERY RRT/M. Mostly spread may not widen more than 1.5-2 times of normal size. Is 1.5 times brief widening is sign of RRT incoming?

I trade when I find a trade, no matter the time frame. I pin an order(s) to the Fox's tail when the op presents itself. I have no clue as to your trading style. If you are looking for trades on the 15m time frame, then you are day trading for the most part. Look up some of Steve Mauro's work on his methods.... he used various "indicators" in his sessions BUT he also strongly stresses that he watches the bid/ask and spreads, and can tell when the top or bottom has been reached when the widening starts just by doing this.... search his vids on Youtube.

A lot of people toss about terms like 3 and 5 day cycles here with no clue as to what they actually are... here's an old chart, AGAIN from the thread, that explains pushes and levels....check this action on the 15m tf....how many days for each push and for each level???



-CJ-

some good reading John. thx for the piccy. Bet your PM box is full now, and my PM to u too. have a good day.

[Captain Jack]

some good reading John. thx for the piccy. Bet your PM box is full now, and my PM to u too. have a good day.

Thanks Subashr, always good to see you around!

It would be easier to leave the PM box full and not have to worry for the most part but some do get replys..

-CJ-

[Piter80]

Hi Master CJ
Great performance like always.
I hope to achieve Your level in future.


All the best