The Captains Chest - Naked Trading & Other Stuff

Post by **sukui** » Mon Jan 04, 2016 11:13 am

HI Ti6543!!

Good to see you here and keep practicing and posting. I'm not as good as you, so perhaps I'm going to learn from you... who knows...

Peter

ti6543 » Mon Jan 04, 2016 12:06 pm wrote:First post here. Ive been trading kinda the CJ method, though I use volume as well as I find it helps.

Today, classic M pattern. Note the high volume on the first leg up high - Fox is active but must be selling. The purple bars signify very high volume. Then not much volume up on second leg.- Fox has what he is after, and with little buying he can then force price down without the threat of unwanted buyers ruining his plans.

I'm still not very good, but am over 50% up since I started 2/3 months ago. Only a small account, but I hope to improve and get larger once I'm confident enough. Hoping to learn from the good guys on here...

Post by **michosz** » Mon Jan 04, 2016 12:43 pm

My trades .

Post by **marcoFF** » Mon Jan 04, 2016 1:18 pm

ti6543 » Mon Jan 04, 2016 12:06 pm wrote:First post here. Ive been trading kinda the CJ method, though I use volume as well as I find it helps.

Today, classic M pattern. Note the high volume on the first leg up high - Fox is active but must be selling. The purple bars signify very high volume. Then not much volume up on second leg.- Fox has what he is after, and with little buying he can then force price down without the threat of unwanted buyers ruining his plans.

I'm still not very good, but am over 50% up since I started 2/3 months ago. Only a small account, but I hope to improve and get larger once I'm confident enough. Hoping to learn from the good guys on here...

Hi ti6543! Nice job, can I ask you how use volume and what your mm (sl\tp)?

Post by **michosz** » Mon Jan 04, 2016 2:08 pm

Post by **sympathy** » Mon Jan 04, 2016 2:45 pm

marcoFF » Mon Jan 04, 2016 11:40 am wrote:
sympathy » Mon Jan 04, 2016 9:01 am wrote:UCHF...this pair is funny. not doing anything since last year
Happy new year guys!
symmpathy as always you rock!!!
I now I ask a lot, but can you take one of the new trade posted and share with us your thinking process\analysis?

u mean i should label them?

Post by **sympathy** » Mon Jan 04, 2016 2:50 pm

michosz » Mon Jan 04, 2016 3:08 pm wrote:EU

Hey mich, nice trade but the levels on that EU is not up to 3levels. force printed only 2levels up ok.

ti6543 · Post by **ti6543** » Mon Jan 04, 2016 2:54 pm

I don't want to step on any toes here as it isn't what Cj is using. However a very high volume bar indicates professional activity - the fox. You then have to work out if it is buying or selling. This isn't always obvious, and you also have to realise it could also be profit taking.

This is then combined with the other bits on this thread. I can't do the level counting thing, so this is why I do this instead.

I don't use a stoploss. TP I'm still poor at. I missed out on a load today because of work so I stopped my trades earlier than I should have . You can normally see when the move is over for the day.

caveywoolpert · Post by **caveywoolpert** » Mon Jan 04, 2016 5:08 pm

aud/nzd: put a pending at 1.60, might be abc, tight stop

GU: 3d lvl, ready to buy

Profitable 2016 to everyone! With CJ's wisdom nothing is impossible :!!:

Post by **Forexfux** » Mon Jan 04, 2016 6:06 pm

Hi all,
I hope everybody had a good start in the new year (expect the chinese stock exchange

)

I have a question: A 3 day cycle equals a 3 level count on the 1 hr. That would mean that a 3 level cycle on the 15m lasts 1-2 days?

Post by **sympathy** » Mon Jan 04, 2016 7:31 pm

Forexfux » Mon Jan 04, 2016 7:06 pm wrote:Hi all,
I hope everybody had a good start in the new year (expect the chinese stock exchange )

I have a question: A 3 day cycle equals a 3 level count on the 1 hr. That would mean that a 3 level cycle on the 15m lasts 1-2 days?

its the same thing both in 1hr/15mins just that you will see many levels in 15mins tf that is why i always recomend 1hr tf for you guys.