The Captains Chest - Naked Trading & Other Stuff

Post by **Reaper** » Tue May 24, 2016 11:23 am

Fable » Tue May 24, 2016 9:55 am wrote:
Hello why are you thinking about 1440 ? I have 1270 et 1300.

My own level based system that I'm working on. If I'm right price should retrace to 1.1440.

We'll see.

Post by **Reaper** » Tue May 24, 2016 11:43 am

Gertje » Tue May 24, 2016 11:17 am wrote:
Angat » Tue May 24, 2016 9:29 am wrote:It seems I've become a day trader. I have realised trading anything less than that is a lot harder work than it has to be. Some moves take days to complete, others can take weeks even months. A lot of stress is removed when focusing on the daily.

Hi Angat,

You use the same principles as CJ showed us in the thread?
I'm at page 350 or something and am beginning to see the light..

Yes and no, I've absorbed everything he has taught us but I don't focus solely on his techniques.

He has mastered his own way of trading, everyone needs to master their own approach, in my opinion.

I will say that I was a losing trader till I found this thread then I became a breakeven trader after reading it a couple of times. When it clicked for me properly I became somewhat profitable.

However to be really profitable, the study of charts isn't something you do for a few months as a great rich quick scheme, it's a life long passion.

One very important thing that's often mentioned but never truly understood is you need to master yourself. You need to be disciplined and patient to ride a trade for 2-3 months. You have a target and you wait and wait till price hits that target.

Isn't this boring? Yeah, it's often said trading done right isn't meant to be fun. The fun part comes with making the money.

If you can master this, I can assure you it will make you a better overall trader.

Just my opinion.

ncoyte · Post by **ncoyte** » Tue May 24, 2016 3:14 pm

How i see EURUSD

ncoyte · Post by **ncoyte** » Tue May 24, 2016 5:58 pm

Easy 74 pips with the Captain's Big Chest on the EURAUD!

Post by **Reaper** » Tue May 24, 2016 7:30 pm

ncoyte wrote:Easy 74 pips with the Captain's Big Chest on the EURAUD!

Nice trade.

Post by **Reaper** » Tue May 24, 2016 7:52 pm

Angat » Tue May 24, 2016 9:25 am wrote:
Angat » Fri May 13, 2016 2:30 pm wrote:Price on EURUSD blew past my Long staging area of 1.1350-1340.

I'm now Short down to 1.11 possibly 1.10.

I'll wait for a pullback to enter, probably next week.

Have a good weekend.

EURUSD

1.1160 is my target to exit my short.

I'm pretty confident in a retracement back up to 1.1440.

We shall see.

Quite a bearish candle on the daily, of course that can be misleading, but be very interested to see if it closes below my important 1.116 level. It could continue down to the next important levels @ 1.108-1.106.

These are all key reversal levels for me. If it does reverse around this area, as I said previously 1.144-1.142 is the target. I would very much like it to reverse as it would go some way towards proving a theory I'm working on.

My absolute target for the entire move down is 1.093 but as I said I hope it reverses back up first. I've exited my short and taken my pips for the moment. Looking for long opportunities maybe around Friday/Monday.

Of course I could be totally wrong, please always trade with caution and a nice dose of common sense.

:hi:

Post by **szfxtrader** » Wed May 25, 2016 7:01 am

Hello! Could you guys let me know if EURJPY is heading to a second leg down? Thank you in advance for your reply.

Post by **waza** » Wed May 25, 2016 8:45 am

sfxtrader, i see it like this.

Post by **szfxtrader** » Wed May 25, 2016 8:47 am

waza » Wed May 25, 2016 8:45 am wrote:sfxtrader, i see it like this.

Thanks a lot! I bought it @ 122.846 , hope it will fly today : )

Captain Jack · Post by **Captain Jack** » Wed May 25, 2016 9:10 am

szfxtrader » Wed May 25, 2016 3:01 am wrote:Hello! Could you guys let me know if EURJPY is heading to a second leg down? Thank you in advance for your reply.

Post your chart on the pair with the time frame you trade...

EJ is near the bottom of its cycle and will soon be moving higher for a few months... based on a price map that was posted some place that I can't find...again.... thought it was at FF but can't find it. Perhaps the kind folk there deleted it... it's about the only way they can refute what I say even when it was done right before their eyes!

Understand that this will take years to happen as this is a monthly price map, but it will happen. Just as the the EU price map I posted 4 years ago is still relevant. EU is projected to drop much lower in the same way...

The projections are spaced out for visualization purposes. The tops and bottoms are not exact, but the pattern will form as shown.

-CJ-

2016-05-25_4-23-09.jpg