The Captains Chest - Naked Trading & Other Stuff

Post by **sympathy** » Thu Mar 31, 2016 3:53 pm

CADCHF

Post by **michosz** » Thu Mar 31, 2016 3:55 pm

Is it level 3 ?

Post by **sympathy** » Thu Mar 31, 2016 3:56 pm

szfxtrader » Thu Mar 31, 2016 4:11 pm wrote:
sympathy » Thu Mar 31, 2016 1:13 pm wrote:Why short on pair that is heading to its level3
Thank you for your help/support, I was thinking it was forming a M. : (

Yea it was supposed to turn at that level but they reseted the pair due to EU rise. EU/EJ moving in one direction.

Post by **sympathy** » Thu Mar 31, 2016 3:59 pm

michosz » Thu Mar 31, 2016 4:55 pm wrote:Is it level 3 ?

Yea its level3 but you have to remove that tp ok. monitor it with your eyes and forget about tp. sometimes that tp will be hit and price will continue downwards

then you start crying....

Post by **sympathy** » Thu Mar 31, 2016 4:00 pm

Post by **Reaper** » Fri Apr 01, 2016 11:54 am

Okay I posted an idea late night about EURUSD which I have now deleted. I was exhausted and overcomplicating it.

This now seems a lot more reasonable.

EURUSD 01-04-2016 DAILY.png

EURUSD 01-04-2016.png

GoldenFinger · Post by **GoldenFinger** » Fri Apr 01, 2016 1:39 pm

Angat » Fri Apr 01, 2016 7:54 pm wrote:Okay I posted an idea late night about EURUSD which I have now deleted. I was exhausted and overcomplicating it.

This now seems a lot more reasonable.

Angat, I have seen you follow CJ thread since the beginning, I am really curious how's your trading result after all this years, making a fortune? anyway glad to see u back

while regarding your post I try to prepare for different scenario and go with the flow, well it might be because my price mapping skill sucks

Post by **Reaper** » Fri Apr 01, 2016 2:29 pm

GoldenFinger » Fri Apr 01, 2016 1:39 pm wrote:
Angat, I have seen you follow CJ thread since the beginning, I am really curious how's your trading result after all this years, making a fortune? anyway glad to see u back

Hey, thanks man! I'm not sure if I'm back fully. I started an online business last year so I stop trading.

Well, before I stopped I did a lot of research into a couple of famous traders and made an amazing set of discoveries. I'm now convinced to be a million dollar trader you need to know 6 different concepts. Half of those are kindly given to us on a platter by Captain Jack in this thread. There are a couple other things that I have spent months researching last year that are now essential to my trading. They complete the picture so to speak.

The final piece of the puzzle for me personally is patience and discipline. This is stopping me from going from "somewhat profitable" to "high-flier". One of my mistakes back then is that I used to trade the lower timeframes. This did not help me develop patience and discipline at all. There is a lot of noise. Some people can handle it. I know I can't. I now think you absolutely need to learn the correct principles on the higher timeframes properly for months on end then drill down to the lower TFs only if you want. Beginners usually start the other way round and I feel its not good idea at all.

So now I have more time, I'm going to stick on the 2H/4H/1D timeframes. Trades can take hours to set up, can run for days even weeks and can make hundreds of pips. I'm hoping this new trading schedule will instil patience to wait for new trades to form, to wait while the trade goes against you temporarily and to wait till the move is finished, as in "let it run till it's done!".

There were times last year and the year before where I thought I knew what I was doing one week and the then the next I felt a bit lost. I can say now I get it, there is a holy grail but it's not an indicator, its a combination of about 5-6 different essential principles.

Not sure if CJ still reads this thread, if you do mate, thank you again!

Innate · Post by **Innate** » Fri Apr 01, 2016 11:29 pm

Angat » Sat Apr 02, 2016 2:29 am wrote:
Hey, thanks man! I'm not sure if I'm back fully. I started an online business last year so I stop trading.

Well, before I stopped I did a lot of research into a couple of famous traders and made an amazing set of discoveries. I'm now convinced to be a million dollar trader you need to know 6 different concepts. Half of those are kindly given to us on a platter by Captain Jack in this thread. There are a couple other things that I have spent months researching last year that are now essential to my trading. They complete the picture so to speak.

The final piece of the puzzle for me personally is patience and discipline. This is stopping me from going from "somewhat profitable" to "high-flier". One of my mistakes back then is that I used to trade the lower timeframes. This did not help me develop patience and discipline at all. There is a lot of noise. Some people can handle it. I know I can't. I now think you absolutely need to learn the correct principles on the higher timeframes properly for months on end then drill down to the lower TFs only if you want. Beginners usually start the other way round and I feel its not good idea at all.

So now I have more time, I'm going to stick on the 2H/4H/1D timeframes. Trades can take hours to set up, can run for days even weeks and can make hundreds of pips. I'm hoping this new trading schedule will instil patience to wait for new trades to form, to wait while the trade goes against you temporarily and to wait till the move is finished, as in "let it run till it's done!".

There were times last year and the year before where I thought I knew what I was doing one week and the then the next I felt a bit lost. I can say now I get it, there is a holy grail but it's not an indicator, its a combination of about 5-6 different essential principles.

Not sure if CJ still reads this thread, if you do mate, thank you again!

Hi Angat,
I also wanted to ask the same question from someone like yourself who has been around this thread for a while. Have you cracked it yet? I agree with what you said above, particularly with regard to the higher timeframes. Its not that the lower timeframes dont work, its that patience (and tolerance to stick with what you believe) needs to be learned.
May I be so bold as to ask you what are the 6 different concepts please? I understand if you do not wish to divulge them.

For me the holy grail is Captain Jack. I have spent many years learning many facets of trading which of course all builds knowledge, but without this thread I am not sure I would be able to see the picture being painted in front of me for what it really is. For that I am eternally grateful.

I started trading this method around xmas time and I just doubled my account for the first time last night. That gbpusd is going further down and Im riding it all the way! Thank you Captain.

Post by **Reaper** » Sat Apr 02, 2016 9:43 am

Hi, I like to think I know enough of the right way to trade to say I have cracked it. Thanks to CJ and couple other crucial concepts I researched. I won't divulge my research as I worked hard figuring it out. I can point you in the direction I started. Deeply look into other famous traders and why they were famous.