The Captains Chest - Naked Trading & Other Stuff

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 2:10 pm

GBPUSD

will probably drop down once more watch out

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 2:13 pm

also USDCAD will still go up, but not a lot more

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 2:18 pm

I am out of GBPUSD and EURUSD with small profit

they didn't have enough orders acc. for a move up

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 2:20 pm

USDCAD

news in 40 min

prepare for one more push up

more info right before the news

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 2:30 pm

USDJPY update

keep LONG TERM SELL order, all of that spikes were just acc. of additional SELL orders

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 2:44 pm

USDCAD

this is risky, so only do it on DEMO

close SELL USDCAD around 1. 3347

and go BUY before the news

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 2:56 pm

USDCAD

if it doesn't drop to level 1.3347 before news, BUY around current level 1.3360

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 3:03 pm

relax and watch

MosDef · Post by **MosDef** » Fri Dec 04, 2015 4:26 pm

This post is pure GOLD!..

Thank you sympathy!

[/quote]
hey pips, the thing is that i know where to wait for the levels. if you read the thread very well your will understand that each day brings one level count so for 3days we have 3levels. when you reason this way you will begin to see the levels without counting the days. each day has it own pushes and directions, the only thing you need is to locate the circle and trade from the tops to the lows. 3days of rise is level1 etc.[/quote]

InfiniteLoop · Post by **InfiniteLoop** » Fri Dec 04, 2015 5:24 pm

update on USDCAD

close those buy orders before end of the day

I would suggest to close above ADR high, at level 1.3404
it will probably move a little bit further up, but retrace towards the end of the day

Lesson:

Bearish bars on the move down, that was a huge fake move, they only started to acc on the wick of last bearish candle, and they acc. buy orders,
I just underestimated hw much down the push after news is gona be, but I piramited down so no problem