The Captains Chest - Naked Trading & Other Stuff

[Noucha]

Just spot another one.
73.6 fib well aligned with ADR low as by magic.
Trade plan: Price formed the 1st leg of the W and normally will come back for the 2nd leg. Enter in the pins at the 2nd leg with very tight stop below the pin. Add ons (optional) at the retrace of the 1st push up.

[Noucha]

Trades Recap:
No big changes since yesterday

- EURUSD: it seems everybody embarked on it before NFP at +100 pips now. Trade is to be held as we just saw the first push up completed. We wait for the 2nd and 3rd push ups to complete.
- GBPJPY: Yielding nice profits for the moment +200 pips. I still hold that one till a sign of reverse.
- AUDUSD: This pair wasted a whole day of my life forming abc pattern on the 1H chart and probably will head lower today. I will be closely watching it.
- USDCAD: cancelled till the chart becomes clear. If someone sees it clear please step forward and don't be shy (Well! assuming you have red the 1400pages). Every trader in this world makes mistakes.
- EURGBP: it could be that the 1st leg of the W has already been formed. I will be closely watching it today.
- USDCHF: Possible retracement at the ADR low - 73.6 fib before heading higher.
- GBPUSD: It appears to me that the pair is still not ready for sell. I see only 2 levels up made and better to wait for the 3rd as a confirmation.
- USDJPY: I discovered this pair yesterday and could have played the first leg when prices bounced at the 73.6 fib level aligned with ADR low for a +60 pips move up. Anyway the safest trade is yet to come and in the pins of the 2nd leg with very tight stop

[rambo06]

Noucha,

IMHO I would be careful with shorting AU. It has levels to complete going upward on higher TF.

Just my two cents

[mtl]

Dudest

you are still on eurusd in sell?

[dudest]

http://beatthemarketmakerlive.com/wp-co ... -Book1.pdf



Cheers

Basically: after Asia close / beginning of London, look for pairs on M15 that have formed an M or a W, and make your dosh for the day




Cheers :hi:

AUD pairs may be setting up a market-maker cycle.

We are still in very early London (perfect time)

Waiting for confirmation PINS or M to form to to short

[fahedksa]

Hi Friends,
My view on EURUSD today all details on chart , Can you please comment if my view correct or not ?

Update: Plan to close Buy before EUR Min. Rate and enter after the news if it give a signal to buy again.

[Noucha]

Noucha,

IMHO I would be careful with shorting AU. It has levels to complete going upward on higher TF.

Just my two cents

Hi rambo06,

Would you please post your AU chart on the higher time frame with the levels as you see it.

Thanks

[rambo06]

Noucha,

Heres how I see it, just watch out for pins in on the daily chart in this area bc we are approaching a previous level.

[mtl]

http://beatthemarketmakerlive.com/wp-co ... -Book1.pdf



Cheers

Basically: after Asia close / beginning of London, look for pairs on M15 that have formed an M or a W, and make your dosh for the day




Cheers :hi:

AUD pairs may be setting up a market-maker cycle.

We are still in very early London (perfect time)

Waiting for confirmation PINS or M to form to to short

thank you Dudest

we look forward to shorts eurusd

[dudest]

AUD pairs may be setting up a market-maker cycle.

We are still in very early London (perfect time)

Waiting for confirmation PINS or M to form to to short

Taken earlier

20160908 - audusd - m15 - mmdc.png

20160908 - audjpy - m15 - mmdc.png

.