The Captains Chest - Naked Trading & Other Stuff

Post by **szfxtrader** » Tue Apr 05, 2016 8:40 am

Angat » Tue Apr 05, 2016 8:14 am wrote:
Sorry I'm referring to the overall general direction. We could be in a larger bear trap.

It could go down to 1.41 and then rise to 1.45.

It could then fall to 1.38 or lower by May/June.

Sorry I couldn't be more help. Hopefully others who are following GU more closely will assist you.

Got it, thank you, if today it goes to 1.4150 is fine for me, happy trading!

Zaleske · Post by **Zaleske** » Tue Apr 05, 2016 8:44 am

Angat » Tue Apr 05, 2016 9:14 am wrote:
Sorry I'm referring to the overall general direction. We could be in a larger bear trap.

It could go down to 1.41 and then rise to 1.45.

It could then fall to 1.38 or lower by May/June.

Sorry I couldn't be more help. Hopefully others who are following GU more closely will assist you.

Not sure about short term, but mid term my analysis is telling me GU is going down to 1.27

ncoyte · Post by **ncoyte** » Tue Apr 05, 2016 9:53 am

Some treades

Post by **Reaper** » Tue Apr 05, 2016 10:09 am

It looks EU might be falling today after all. The next couple of hours are crucial in determining that if price continues to fall or does U-turn.

I have place a small trade SL:25pip TP:200 Short. If I'm wrong I'll take the hit and reenter at the high.

This particular pattern we see here is very similar to the monthly pattern.

Post by **fahedksa** » Tue Apr 05, 2016 2:09 pm

Hi friends,
What do you think about AUDJPY ? New uptrend W retrace & test 83.00

Zaleske · Post by **Zaleske** » Tue Apr 05, 2016 2:58 pm

fahedksa wrote:Hi friends,
What do you think about AUDJPY ? New uptrend W retrace & test 83.00

It looks almost poised for a reversal, but i think it's gonna grab some shorts below that 83 mark first.

Post by **fahedksa** » Wed Apr 06, 2016 7:31 am

GBPUSD
What do you think friends?

Post by **Reaper** » Wed Apr 06, 2016 7:52 am

I thought that EU could fall and then rise up again but this sideways action with more pins to the bottom than the top, feels like price could rise 200 pips higher without falling first.

Level 1 was actually a 400 pip move, we could be midway through Level 2 right now and there's another 200 pips north.

I'm leaning towards price is going to rise.

I have drawn a potential reversal pattern in yellow, but it actually look a lot like just regular sideways action. Sideways action is like a temporary stop in its journey up.

Remember Level 2 usually is about the same size if not bigger than level 1. The first move was 400 pips, the second move is fox manipulation, the next move after is actually second move.

So what does this mean?

Well if price breaks below 1.13 we're probably going south. If price breaks above say 1.145, we're going north.

eu 06-04-2016.png

If this is the case there hasn't been 3 moves on the USDCHF either (its mostly a reverse of EU) and GU looks quite similar to EU.

Just my current idea.

Post by **waza** » Wed Apr 06, 2016 7:58 am

yip i know what you mean angat, so i've just basically came out of all my trades that i had for eur/usd & Uad/chf all green pips but i'm not liking the high pin bars on them.

ncoyte · Post by **ncoyte** » Wed Apr 06, 2016 9:57 am

Watching over these trades for now