The Captains Chest - Naked Trading & Other Stuff

[tradeitforex]

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[fetch]

Fetch,
I don't know men, All I know is I haven't seen him around lately and that Dude used to Post some Slick Trades... He was Dynamite...



Happy Trading Y'all,
xrismak

Your not too bad yourself! Hate to see him go though, hope all is well in his world.

[MikeB]

Don't fail me now, follow your pattern you cheating sob's. The fox has taken price to the kill zone close to the time of the typical spread widening. The pattern says it's going down to complete the remaining two steps. Maybe I'll break my losing streak here and make back some cash, or the fox will leave the pattern to the upside and take another slice of my account.

Update: stopped out for another loss. My pattern trading has proven overall to be worse than a crap shoot. Got in this too early looking for the second leg down. Not even sure what to grab on to from here guys and gals. Trading psyche and confidence way down in the crapper.....

[MikeB]

Since I've posted some nice winners in the past, It's only fair to show the dark side as well. Reality of a wannabe full time forex trader. I could fill up a page of these over the last three weeks but you get the idea.

[indy221]

Hello guys!
Can you please tell what is a "normal", "usual".. median... trade duration using CJ approach?
I know this depends a lot on a number of things but I wanted to have some idea on this.
Thks a lot!

[dydynamic]

Hello guys!
Can you please tell what is a "normal", "usual".. median... trade duration using CJ approach?
I know this depends a lot on a number of things but I wanted to have some idea on this.
Thks a lot!

I have not posted in a while and I just want to make a VERY IMPORTANT OBSERVATION...
I am going to summarise CJ method in a way all of us will understand.....
Forex is a market owned by the big banks.....
The Central Banks intervene sometimes to control the excesses of the BIG BANKS and protect their economies......
Empty4 is the BIG BANK'S supermarket where we(retailers,the big boys,hedge funds, multi nationals etc) come to buy or sell currencies.If you want to buy for instance dollars,the big bank will sell to you and if you want to sell dollars, they will buy from you.Please,it is important we understand that we DO NOT BUY FROM EACH OTHER NOR SELL TO EACH OTHER,it is the BIG BANKS that BUY from US or SELL to US........
The BIG BANKS use the CRIMINALS through the various trading platforms that they offer to gather both BUYERS and SELLERS together,the Criminals are not interested in you making profits,rather they are most concerned in collecting the various fees that they charge like spread, commissions,swap etc and your losses, as your loss is their gain......
If the number of sellers is greater than the buyers and the BIG BANKS have accummulated enough volume that they need to fill their orders, you will observe a lot of pins at the bottom, those pins mean that the big banks have prevented the sellers from pushing prices down and the next thing you know the market shoots upward, slaughtering the sellers who are more in volume than the buyers and vice versa. That is the reason CJ always advise that you place your trades at the pins...........

[MikeB]

Observation of a bruised, battered, and possibly delusional pattern trader with pushes/levels slowly creeping in.

[sknight1]

.

EUR/USD daily getting ready for a drop ?

[xrismak]

I have not posted in a while and I just want to make a VERY IMPORTANT OBSERVATION...
I am going to summarise CJ method in a way all of us will understand.....
Forex is a market owned by the big banks.....
The Central Banks intervene sometimes to control the excesses of the BIG BANKS and protect their economies......
Empty4 is the BIG BANK'S supermarket where we(retailers,the big boys,hedge funds, multi nationals etc) come to buy or sell currencies.If you want to buy for instance dollars,the big bank will sell to you and if you want to sell dollars, they will buy from you.Please,it is important we understand that we DO NOT BUY FROM EACH OTHER NOR SELL TO EACH OTHER,it is the BIG BANKS that BUY from US or SELL to US........
The BIG BANKS use the CRIMINALS through the various trading platforms that they offer to gather both BUYERS and SELLERS together,the Criminals are not interested in you making profits,rather they are most concerned in collecting the various fees that they charge like spread, commissions,swap etc and your losses, as your loss is their gain......
If the number of sellers is greater than the buyers and the BIG BANKS have accummulated enough volume that they need to fill their orders, you will observe a lot of pins at the bottom, those pins mean that the big banks have prevented the sellers from pushing prices down and the next thing you know the market shoots upward, slaughtering the sellers who are more in volume than the buyers and vice versa. That is the reason CJ always advise that you place your trades at the pins...........

Dydynamic,
You can't say it any better but we Have to Show some folks How it's Done,
Place your Trades at the Pins,

NZD-USD @_22-22-37 On 23-08-17.png

and when you are Done Take What's Offered...

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Happy Trading Folks,

xrismak.

[dydynamic]

Dydynamic,
You can't say it any better but we Have to Show some folks How it's Done,
Place your Trades at the Pins,



and when you are Done Take What's Offered...



Happy Trading Folks,

xrismak.

Now that is how it is done....