The Captains Chest - Naked Trading & Other Stuff

dudest · Post by **dudest** » Thu Oct 01, 2015 1:56 pm

20151001 - audnzd m30 - traps - buys.png

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Post by **botrak** » Thu Oct 01, 2015 3:52 pm

"I do see too many people trading lower time frames and NOT checking higher time frames to see if the trades are proper. Any trade you consider should always be considered on ALL higher time frames above the one you choose to trade. "

Daily

EUH4.png

H1

eunzdh1.png

M15/M5

enzdm5.png

Each chart represent different levles and position in cycle. Lower timeframe trades are scalps at higher one, as well as levels are pushes. We dont always have 3 clear levels/pushes to understand that smaller timeframe move is over and bigger picture take control. Also the rule "50 pips TP for 15 mins, ADR for H1 moves" dont work very well.

How to avoid bad trades when cycles are not in confluence like at my pictures?

sponn · Post by **sponn** » Thu Oct 01, 2015 4:52 pm

The main problem is with counting the levels/pushes. Without it it is still flipping a coin. Not bad because if you are wrong you lose 20-30 pips and when you are wight you will make 5 Times more. So you still can make money even when you are wrong In the other hand bad trades are annyoing. It is much easier to count levels when they are done already

dudest · Post by **dudest** » Thu Oct 01, 2015 7:59 pm

dudest » Tue Sep 29, 2015 5:49 pm wrote:Basically: after Asia close / beginning of London, look for pairs on M15 that have formed an M or a W, and make your dosh for the day

Cheers :hi:

Another observation is that the same M's and W's are also formed towards London close.

This would mark the beginning of the pullback to trap volume in preparation for the next days Asian session

So, in summary: At the beginning or ending of London session, look for pairs on M15 that have formed an M or a W, and trade in that direction

Cheers

20151001 - audusd m30 - london end M + shorts.png

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dudest · Post by **dudest** » Thu Oct 01, 2015 8:20 pm

Let's see how this plays out

20151001 - eurgbp h1 - watching abc form.png

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Post by **forexgeeker** » Fri Oct 02, 2015 7:43 am

dudest » Thu Oct 01, 2015 8:20 pm wrote:Let's see how this plays out

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Hi Dudest,

I notice the pattern looks quite similar to the first pic CJ posted here in this thread...hrrmmmm,something to ponder for me this weekend... :youknow:

Post by **forexgeeker** » Fri Oct 02, 2015 8:16 am

dudest » Thu Oct 01, 2015 8:20 pm wrote:Let's see how this plays out

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Hi Dudest,

I've been following eg movement since last week,and I found few possible version of pattern route that it will possibly follow.Either up or down..
I'm quite new to this stuff so I don't really know what I'm doing ..Just scrolling around all over the chart,looking for clue as to what CJ has been telling here.The problem with the pattern is it 'stretched' all over the place so really easy to get the counting wrong.Sometimes even harder to decide either up or down,like this one..
Anyway,I've been following your work here as well and I'm learning a lot from it.So it's good to see your post..I wonder what did you see that makes you think eg is gonna come up..Any clue?

Post by **sympathy** » Fri Oct 02, 2015 8:33 am

Goodmorning guys, i don't know what is wrong with my account i cant login i cant even view charts or reply comments, maybe its my network or the forum rules but i managed to login dis morning. miss you guys.

Post by **sympathy** » Fri Oct 02, 2015 8:52 am

Post by **sympathy** » Fri Oct 02, 2015 8:56 am