The Captains Chest - Naked Trading & Other Stuff

The forum for Captain Jack and CJ related thingies.
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Captain Jack
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Location: West Virginia, US

The Captains Chest - Naked Trading & Other Stuff

Post by Captain Jack »

Pershing » Fri Nov 06, 2015 7:19 am wrote:I'm at page 345. Thank you CJ and all the members posting further explanations and analysis.

To bo honest, when I first discovered this stuff I though that would not work because the charts interpretation seemed too subjective but after reading and rereading I now see the light, and I'm mixing all this with other types of price action analysis.

I'll post my analysis when I'll be ready.
Welcome to the forum and you started at the same place we all did... with our old beliefs... in time, they will change. ;)

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.

The goal is not a "perfect trade" - the goal is a "profitable trade"!
Pershing
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Joined: Wed Oct 28, 2015 1:55 pm

The Captains Chest - Naked Trading & Other Stuff

Post by Pershing »

Captain Jack » Fri Nov 06, 2015 11:43 am wrote:
Pershing » Fri Nov 06, 2015 7:19 am wrote:I'm at page 345. Thank you CJ and all the members posting further explanations and analysis.

To bo honest, when I first discovered this stuff I though that would not work because the charts interpretation seemed too subjective but after reading and rereading I now see the light, and I'm mixing all this with other types of price action analysis.

I'll post my analysis when I'll be ready.
Welcome to the forum and you started at the same place we all did... with our old beliefs... in time, they will change. ;)

-CJ-
CJ, what do you think of volume profile, or volume by levels? They tell us where the most contracts are exchanged. I use clusterdelta for this, and I see that strong moves start from them.
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Captain Jack
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Location: West Virginia, US

The Captains Chest - Naked Trading & Other Stuff

Post by Captain Jack »

Pershing » Fri Nov 06, 2015 7:57 am wrote:
Captain Jack » Fri Nov 06, 2015 11:43 am wrote:
Pershing » Fri Nov 06, 2015 7:19 am wrote:I'm at page 345. Thank you CJ and all the members posting further explanations and analysis.

To bo honest, when I first discovered this stuff I though that would not work because the charts interpretation seemed too subjective but after reading and rereading I now see the light, and I'm mixing all this with other types of price action analysis.

I'll post my analysis when I'll be ready.
Welcome to the forum and you started at the same place we all did... with our old beliefs... in time, they will change. ;)

-CJ-
CJ, what do you think of volume profile, or volume by levels? They tell us where the most contracts are exchanged. I use clusterdelta for this, and I see that strong moves start from them.
I watch volume when I am considering a BARF trade, since it is price volume exhaustion... other wise I trade structure or levels, or both...

What is important is to use what you find here in addition to what works for you, to improve your trading skills.

There is no "one size fits all here".


-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.

The goal is not a "perfect trade" - the goal is a "profitable trade"!
Pershing
Posts: 4
Joined: Wed Oct 28, 2015 1:55 pm

The Captains Chest - Naked Trading & Other Stuff

Post by Pershing »

Captain Jack » Fri Nov 06, 2015 12:00 pm wrote:
Pershing » Fri Nov 06, 2015 7:57 am wrote:
Captain Jack » Fri Nov 06, 2015 11:43 am wrote:
Pershing » Fri Nov 06, 2015 7:19 am wrote:
I watch volume when I am considering a BARF trade, since it is price volume exhaustion... other wise I trade structure or levels, or both...

What is important is to use what you find here in addition to what works for you, to improve your trading skills.

There is no "one size fits all here".


-CJ-
They are amazing entry levels. If a W or M is forming, we may enter on the second leg when price touches a level whit high volume. The precision is surgical.

I'll keep you all updated on this
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Captain Jack
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Post by Captain Jack »

Pershing » Fri Nov 06, 2015 8:03 am wrote:
ok CJ

They are amazing entry levels. If a W or M is forming, we may enter on the second leg when price touches a level whit high volume. The precision is surgical.

I'll post charts in the future
Yes they are and I know, and we look forward to your charts!

They will add confirmation to what we do.

Thanks for your research.

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.

The goal is not a "perfect trade" - the goal is a "profitable trade"!
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Captain Jack
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Post by Captain Jack »

I get a lot of requests for broker recommendations via PM's. There are very few that I use anymore so there are no recommendations given. Also, until these past weeks, I have not been trading nor had funds in any accounts. I prefer OS brokers due to the limits we face in the US and there are not many to choose from anymore. One that I have had mixed results with has been Traders Way.

This week, I initiated several large transfers, via bitcoin to this broker. I started with a smaller transfer and was satisfied with the time to receive the credit. I then initiated several more transfers, larger in size. The larger deposits were held and not credited for what I would consider unacceptable time periods, of over 9-10 hours each. This period of delay also spanned the time of all the major news events of yesterday. I contacted TW via live chat and was told to send an email to their payments dept., which I did. Not only was the delay in the deposits unacceptable, their response time to the simple question of why so long, resulted in an email, received 9+ hours later to my request. Their reply was to ask for confirmation of the transaction...

Before their reply was received, the missing deposits were credited to my account, long BEFORE the reply for additional info was sent by TW. I will continue to use this broker until I find a suitable replacement and I put this info out there for your consideration should you use or consider using this broker. I might add that bitcoin prices were also in decline during this period, so the credited amount was less than sent. This is a poor way to run your business in my opinion.

Edited to add that I again am waiting on deposits to be credited to may account, sent to them last night.

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.

The goal is not a "perfect trade" - the goal is a "profitable trade"!
albchr
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The Captains Chest - Naked Trading & Other Stuff

Post by albchr »

Captain Jack » Fri Nov 06, 2015 7:30 am wrote:I prefer OS brokers due to the limits we face in the US and there are not many to choose from anymore. One that I have had mixed results with has been Traders Way. ........ -CJ-
Seriously considering moving out of the states for just that reason brother. The chokehold regulations we face (with no real funds protection) are bad enough. But not having OS brokers able to offer their services to us is even worse. Sad ... very sad indeed.
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Captain Jack
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Post by Captain Jack »

albchr » Fri Nov 06, 2015 8:48 am wrote:
Captain Jack » Fri Nov 06, 2015 7:30 am wrote:I prefer OS brokers due to the limits we face in the US and there are not many to choose from anymore. One that I have had mixed results with has been Traders Way. ........ -CJ-
Seriously considering moving out of the states for just that reason brother. The chokehold regulations we face (with no real funds protection) are bad enough. But not having OS brokers able to offer their services to us is even worse. Sad ... very sad indeed.
I've long considered the same move myself. My current situation keep me rooted to where I am and these are the choices we're stuck with for now.

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.

The goal is not a "perfect trade" - the goal is a "profitable trade"!
Pathumracled
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The Captains Chest - Naked Trading & Other Stuff

Post by Pathumracled »

Seriously considering moving out of the states for just that reason brother. The chokehold regulations we face (with no real funds protection) are bad enough. But not having OS brokers able to offer their services to us is even worse. Sad ... very sad indeed.

I've long considered the same move myself. My current situation keep me rooted to where I am and these are the choices we're stuck with for now.

-CJ-
Blessing CJ,
thank you for the selfless contributions and sacrifices in helping to get our classes (Windows, Screens anything what we use to view the Fox :mrgreen: ) CLEANED; :arrow: may the Lord continue to richly bless you even in proportion^1000 to your giving. It is indeed more blessed to give than to receive IMHO. :yahoo:

Say how do you manage your accounts after you having booked profits and say changed a $3K into a $6K+ at what stage would you recommend removing funds from Bro-Crimz seeing that Funds are not Real until the re Spendable (in Traditional accessible forms). Any other in sight on how you manage this aspect of the art... will be greatly appreciated.

Bless!
Pathumracled >;< :hi:
My Account Balance is The One True Test Of My Trading ProgresSuccess
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michosz
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The Captains Chest - Naked Trading & Other Stuff

Post by michosz »

Hi!
The last time I don't have a lot of time for forum. But I very much want learn good example like symphaty :smile:
What do you think about E/U ? Did I count good level ?
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