The Captains Chest - Naked Trading & Other Stuff

Post by **fx800** » Wed Sep 20, 2017 6:48 pm

fx800 » Wed Sep 20, 2017 11:26 am wrote:
eaymon » Wed Sep 20, 2017 11:06 am wrote:
You were spot on for GU, AU and EU...
It was pure fluke. The market is overwhelmingly bearish on USD, anticipating another dovish FOMC minutes like before. Taking a contrarian view, I expect the opposite from the FOMC minutes this time and expect all the xxxusd pairs to plunge. We will have to wait and see later today.

I think your analysis is correct and expect EU and AU to fall further before resuming their upward trend. Double top for AU and triple top for EU.

Do watch out, the fox may be laying a trap for the bulls.

The above is pure speculation. I do not trade on FOMC day.

EU AND AU after FOMC,

Post by **eaymon** » Wed Sep 20, 2017 7:00 pm

fx800 » Wed Sep 20, 2017 1:48 pm wrote:
EU AND AU after FOMC,

nicely identified

Post by **fx800** » Wed Sep 20, 2017 7:04 pm

eaymon » Wed Sep 20, 2017 7:00 pm wrote:
nicely identified

Thanks, Eaymon and you were correct in your level count. Prior to FOMC the fox was just laying a bull trap for the unwary. It needed to bring the price back down to book their profits.

peter

MikeB · Post by **MikeB** » Wed Sep 20, 2017 7:28 pm

Nice call tradeitforex! I've been watching and waiting to get back in long on the pair but didn't have the kahunas to get back in near the FOMC statement. I probably would have been pegged when the fox cleared the stops with the big pin anyway. Maybe there'll be another opportunity.
I've been long Aud/Cad since the beginning of the week, gonna ride it as long as the fox permits.
Good luck everyone!

tradeitforex » Wed Sep 20, 2017 11:34 am wrote:
Idea before FOMC.

Post by **fx800** » Wed Sep 20, 2017 8:28 pm

tradeitforex » Wed Sep 20, 2017 5:34 pm wrote:
Idea before FOMC.

Thank you Tradeitforex for showing your trading idea and well done !

It is very nice to see someone making a thousand pips in another posting. Did I learn anything from the posting? Zilch. What was the initial setup ? Level count ? RRT, pins, M or W ? Why was the trade left to run, because of level count ? Another push possible ?

Post by **xrismak** » Wed Sep 20, 2017 10:04 pm

fx800 » Wed Sep 20, 2017 8:28 pm wrote: Thank you Tradeitforex for showing your trading idea and well done !

It is very nice to see someone making a thousand pips in another posting. Did I learn anything from the posting? Zilch. What was the initial setup ? Level count ? RRT, pins, M or W ? Why was the trade left to run, because of level count ? Another push possible ?

Dude,

There you GO !

See, Yourself..png

Happy Trading,

xrismak.

Post by **fx800** » Wed Sep 20, 2017 10:36 pm

xrismak » Wed Sep 20, 2017 10:04 pm wrote:
fx800 » Wed Sep 20, 2017 8:28 pm wrote: Thank you Tradeitforex for showing your trading idea and well done !

It is very nice to see someone making a thousand pips in another posting. Did I learn anything from the posting? Zilch. What was the initial setup ? Level count ? RRT, pins, M or W ? Why was the trade left to run, because of level count ? Another push possible ?
Dude,

There you GO !

Happy Trading,

xrismak.

That is more like it. It is more useful than your previous posts showing hundreds of pips gain but nothing to show why the trades were taken.

PLEASE, PLEASE, PLEASE. Post with trade setups, even if it is after the event. No one expects to be spoon fed and as CJ noted in the past, this is not a signal service. Good luck to anyone if they are making many green pips. One more thing. No one needs to prove anything to anyone else here. This post is for anyone wishing to learn CJ's way of Naked Trading. Please spare a thought for those of us who has to trawl through hundreds of pages in order to learn something. Post only if you have something of educational value to offer.

For illustrations I use JING which is free. you have to pay a fee for SNAGIT.

Post by **fx800** » Thu Sep 21, 2017 12:21 am

USDJPY D1.

I am posting for my analysis to be shot to pieces. So any comments welcome.

Trading ahead of impending rate decision by a central bank is never a good idea. However, only tiny lot sizes involved to test a theory.

Post by **fx800** » Thu Sep 21, 2017 1:21 am

AUDUSD DAILY.

Double top. ??? Retrace to 0.7800/0.7870 area.

Post by **fx800** » Thu Sep 21, 2017 1:28 am

GBPUSD DAILY.

Very risky trade as GBP extremely bullish.

Health warning : I am extremely new to this method of trading and liable to make a lot of mistakes. Challenging the more experienced members to correct my mistakes is my method of learning. And I only trade with pin money.