The Captains Chest - Naked Trading & Other Stuff

Post by **sympathy** » Thu Dec 10, 2015 10:49 am

Just easy as ABC

InfiniteLoop · Post by **InfiniteLoop** » Thu Dec 10, 2015 11:08 am

sympathy

what's your opinion on GBP

Post by **sympathy** » Thu Dec 10, 2015 11:25 am

InfiniteLoop » Thu Dec 10, 2015 12:08 pm wrote:sympathy

what's your opinion on GBP

If GU breaks that resistance,is gona go longs.

InfiniteLoop · Post by **InfiniteLoop** » Thu Dec 10, 2015 11:33 am

sympathy » Thu Dec 10, 2015 11:25 am wrote:
InfiniteLoop » Thu Dec 10, 2015 12:08 pm wrote:sympathy

what's your opinion on GBP
If GU breaks that resistance,is gona go longs.

I agree, because there's no where near enough acc. to go down, that usually means continuation in the previous directory
they might use news as a SH

PipTrawler · Post by **PipTrawler** » Thu Dec 10, 2015 11:37 am

sympathy » Thu Dec 10, 2015 10:49 am wrote:Just easy as ABC

You certainly make it look that way Sympathy

Look forward to a time when I can be on the hunt with you guys.

Mustafa · Post by **Mustafa** » Thu Dec 10, 2015 2:07 pm

CrudeOil

Tom822 · Post by **Tom822** » Thu Dec 10, 2015 2:11 pm

Ok, I think I got it and now I see

I think that all my mistakes were caused by the fact that I devoted too much attention to analyzing M15 charts.

But I have questions to you guys - do you trade also on M15 (for example, against the trend which you locate on higher time frames) ? It's interesting for me because I read this thread and I read CJ posts and he never explain how to do it on M15 but from other side he did that. (EDIT: I am apologize, he explained it but it is not too clear for me).

If I understand that in right way, I should find asian range first which should have around 40 pips. Ok. Next I should find expand of this range and 25-50 pips move above or below of this range. Next I should find an pattern like M, W, pins, RRT and trade it.

Ok, so today I find something like that on EUR/GBP, the move started at midday London time zone. If I am correct here it is nice pullback or Stop hunt but it goes up, so against the main trend, i.e. downtrend, but there was a really nice W + pins. If you catched this then you could earned around 45 pips.

Now the question is if you trade also in this way or you never go against the higher trend ?

I would just like to know if this is a way for M15 about that CJ wrote. I also know that he trade sometimes from pins to pins on M15 but I am too weak for something like that.

EDIT: (For example, are you try to trade these 3 pushes from the asian range or it is suicide ?
Are you waiting for NY reversal on M15 and you try to find an W or M + pins on M15 when this NY session comes?
Are you trade also on London session on M15 and in which way exacty, what are you looking for before you take a position ?)

Oh, and I know that the M15 should be use to the perfect entries and exits but I am not talking about it now.

caveywoolpert · Post by **caveywoolpert** » Thu Dec 10, 2015 2:27 pm

Tom822 » Thu Dec 10, 2015 2:11 pm wrote:Ok, I think I got it and now I see

I think that all my mistakes were caused by the fact that I devoted too much attention to analyzing M15 charts.

But I have questions to you guys - do you trade also on M15 (for example, against the trend which you locate on higher time frames) ? It's interesting for me because I read this thread and I read CJ posts and he never explain how to do it on M15 but from other side he did that.

If I understand that in right way, I should find asian range first which should have around 40 pips. Ok. Next I should find expand of this range and 25-50 pips move above or below of this range. Next I should find an pattern like M, W, pins, RRT and trade it.

Ok, so today I find something like that on EUR/GBP, the move started at midday London time zone. If I am correct here it is nice pullback or Stop hunt but it goes up, so against the main trend, i.e. downtrend, but there was a really nice W + pins. If you catched this then you could earned around 45 pips.

Now the question is if you trade also in this way or you never go against the higher trend ?

I would just like to know if this is a way for M15 about that CJ wrote. I also know that he trade sometimes from pins to pins on M15 but I am too weak for something like that.

Oh, and I know that the M15 should be use to the perfect entries and exits but I am not talking about it now.

that's what Cj was writing about, get rid of tunnel vision, try to see a bigger picture. as for me i'm using m15 only for entries.

you are not right about eur/gbp, cause it made 3 levels already. look at GBP/USD, here was a setup you are talking about: narrow asian range, fake outs to trap break out traders up and down, then three fat m15 candles down looking like it was true downtrend and revrsal to the top

u need to look at higher TF's to know where u are at weekly cycle, without it all M's and W's are crap.

InfiniteLoop · Post by **InfiniteLoop** » Thu Dec 10, 2015 3:50 pm

I opened new topic on this forum, check it out

http://www.stevehopwoodforex.com/phpBB3 ... =59&t=4527