The Captains Chest - Naked Trading & Other Stuff

[InfiniteLoop]

still in the learning process here

CADJPY H1 entry long
any comment from expert hunters is truly appreciated

thx

Looks good, there might be one more short move down, before it moves up

[Centrefix]

Many thanks InfinateLoop on the GU analysis yesterday. Held on for ride and just closed at 50% up for the week......You and Sympathy rock!

GBPUSD has still a long way to go, and if you took the trade at 1.4956, then that's a great position to be in

1.4956 was bang on the money and I scaled in on the way up. Being that the pair continue the ride up only adds to the fun, but I'm one happy camper for the profit so far. All things considered there are some great insights here and knowing where you are on the road map is a great help.

[InfiniteLoop]

- EURUSD you have a M forming right now

- GBPUSD will probably be in range or retrace for the rest of the day

EDIT: if you're watching CAD pairs, you will have a chance to enter at a better price

[PipTrawler]

Thanks Infinite I am already in buddy. Taken half position for 10 and covered other half. If get stopped will get back in higher. I agree with your view about accumulation and that's what I was trying to point out in my second post here, my target may be bit wild but just what I see happening but really like this concept of cycles within cycles and fractal nature of looking at things. And of course I am seriously trying to figure out your approach to recognising accumulation of specific order types be it longs or shorts. Cheers

Got stopped out on 2nd half of position. Will the M be invalidated with Higher high ?

[PipTrawler]

I can't tell you how to recognize type of acc. just from price, but it's easy to recognize acc., just look at the amount of bearish bars in uptrend on EURUSD, how many times there was a switch from bear-bull-bear,...

Thanks Infinite will have good look at that, any particular time frame best to see/spot what you are talking about more clearly ?

[InfiniteLoop]

Thanks Infinite I am already in buddy. Taken half position for 10 and covered other half. If get stopped will get back in higher. I agree with your view about accumulation and that's what I was trying to point out in my second post here, my target may be bit wild but just what I see happening but really like this concept of cycles within cycles and fractal nature of looking at things. And of course I am seriously trying to figure out your approach to recognising accumulation of specific order types be it longs or shorts. Cheers

Got stopped out on 2nd half of position. Will the M be invalidated with Higher high ?

By CJ rules, yes. But when I say M I mean an M shape, not CJ M pattern. They are just pushing people out of positions, M and W patterns happen a lot, just that most are hard to see in price.

[InfiniteLoop]

I can't tell you how to recognize type of acc. just from price, but it's easy to recognize acc., just look at the amount of bearish bars in uptrend on EURUSD, how many times there was a switch from bear-bull-bear,...

Thanks Infinite will have good look at that, any particular time frame best to see/spot what you are talking about more clearly ?

It depends on the scale, but M15 shows choppy/wavy shape even for higher scale.
Example: USDJPY M15

[Tom822]

EUR/CAD - I think there is a great possibility for entry in short, 3rd level + "M" + pins.

[InfiniteLoop]

EUR/CAD - I think there is a great possibility for entry in short, 3rd level + "M" + pins.

Looks good, there might be a pin to test people resolve, but there's no question about direction

[PipTrawler]

It depends on the scale, but M15 shows choppy/wavy shape even for higher scale.
Example: USDJPY M15

Ok thanks will do some homework. Looks like they might trip the buy stops above 09812 (EU)
then call it a day ?