The Captains Chest - Naked Trading & Other Stuff

[AtTheMeadowsEdge]

EURUSD

This chart begs the question:
Why didn't they knock out the weak Buys before moving up?
Is this perhaps the stop hunt before moving lower and then pushing higher?

Let me first say that I don't use pure CJ methods, so my entries aren't necessarily made in accordance with all the rules.

I also use volume analysis and in accordance with it, this whole day they were accumulating sell orders. That's the reason why some of my entries were early. I expected a down move today.
But after checking the FX calendar, there is a lot of important EURO news coming in tomorrow at London session, so they will probably use news to move the market down.

Something similar is going on with AUDUSD, there is also AUD news coming in Asian session, so they are probably gonna use them.

Both pairs are well over todays ADR values, and my volume analisis shows accumulation of sell orders for both. I almost sure EURUSD is gone move down (somewhere around level 1.0580), before moving up. As for AUDUSD I will be more careful, maybe a few small orders.

I wasn't criticizing your trades or style at all. Merely wanted to converse on why price may have acted the way it did.
I'm noticing the Fox likes to scare off the trades that are going in his direction before making his move. So I ask myself, who is he scaring today.

[InfiniteLoop]

EURUSD

This chart begs the question:
Why didn't they knock out the weak Buys before moving up?
Is this perhaps the stop hunt before moving lower and then pushing higher?

Let me first say that I don't use pure CJ methods, so my entries aren't necessarily made in accordance with all the rules.

I also use volume analysis and in accordance with it, this whole day they were accumulating sell orders. That's the reason why some of my entries were early. I expected a down move today.
But after checking the FX calendar, there is a lot of important EURO news coming in tomorrow at London session, so they will probably use news to move the market down.

Something similar is going on with AUDUSD, there is also AUD news coming in Asian session, so they are probably gonna use them.

Both pairs are well over todays ADR values, and my volume analisis shows accumulation of sell orders for both. I almost sure EURUSD is gone move down (somewhere around level 1.0580), before moving up. As for AUDUSD I will be more careful, maybe a few small orders.

I wasn't criticizing your trades or style at all. Merely wanted to converse on why price may have acted the way it did.
I'm noticing the Fox likes to scare off the trades that are going in his direction before making his move. So I ask myself, who is he scaring today.

I didn't take your comment as criticism. It helps me when people comment on my posts, because then I can re-evaluate my decisions and find mistakes (if they were made).

Explanation for my entries was meant more as a question, so that people would write their own interpretation of the market state.
+ I don't want people to mistake my method for CJ and search for standard signals, don't want anyone to confuse methods.

[caveywoolpert]

possible ABC on e/usd today

[sympathy]

Beginning of the circle to the end.Am not gona touch it

[sympathy]

Its gona ride

[ikdenk]

when weekly cycle is identidied trading becomes easy and stressless
mr. fox repeats its patterns again and again

Great gbpnzd chart!

What is the best way to print these, please?

I am also trying to convert the start of your horizontal lines to my platform or real time (NZ), how do yours tie in with the roll (NY 5 pm) or GMT, please?

[caca]

look at my pictures.What do you think about this,sympathy?

[InfiniteLoop]

UPDATE EURUSD

looking for exit somewhere around 1.0573
tommorow they'll push it up again

[sympathy]

EU

[sympathy]

Limit still waiting at the lows i don't like this pair