The Captains Chest - Naked Trading & Other Stuff

Post by **michosz** » Fri Sep 22, 2017 2:12 pm

Hello Traders ! :hi:

Bread And Butter

It's Simple IF You Want !

Cheers

Post by **fx800** » Sat Sep 23, 2017 11:57 pm

Practising level counts for XAUUSD H4 and XAGUSD H4. With hindsight it is always easier to see the levels.

Compare the charts of gold and silver with USDJPY, they move in directly opposite directions. As the traders of metals know, when USD rises, the metal prices fall.

Any comments welcome.

Post by **fx800** » Sun Sep 24, 2017 11:08 am

Perhaps we should not be too hung up about the level counts. Here is a link for new comers to the thread which summarises the Naked trading

http://www.stevehopwoodforex.com/phpBB3 ... 815#p57815

I will stop looking for trade levels and instead focus on what the trader described in his excellent summary.

Post by **michosz** » Mon Sep 25, 2017 3:54 pm

Hello !

What Can I tell ?

Thanks ! :hi:

All the Best For Everyone !

kola8701 · Post by **kola8701** » Mon Sep 25, 2017 4:44 pm

kola8701 · Post by **kola8701** » Mon Sep 25, 2017 4:47 pm

michosz » Mon Sep 25, 2017 4:54 pm wrote:Hello !

What I can tell ?

Thanks ! :hi:

All the Best For Everyone !

Did you enter because of the M structure? with 3 levels? or do you go down to 15mins to also take a look at the formation?

kola8701 · Post by **kola8701** » Mon Sep 25, 2017 4:54 pm

Still haven't really gotten the grasp. I think it's part of using SL to determine my risk that's stopping me. I don't like those 120-200 pips drawdown.

My E/J trade, entered with 30pips SL. More like guessing and gut feel. Using 3 pushes on 15mins and W/M formation.

Any insider info would be appreciated.

MikeB · Post by **MikeB** » Mon Sep 25, 2017 7:21 pm

kola8701 » Mon Sep 25, 2017 10:54 am wrote:Still haven't really gotten the grasp. I think it's part of using SL to determine my risk that's stopping me. I don't like those 120-200 pips drawdown.

My E/J trade, entered with 30pips SL. More like guessing and gut feel. Using 3 pushes on 15mins and W/M formation.

Any insider info would be appreciated.

I wouldn't consider myself as an "insider" but I don't think you need to be to see that was a great entry/trade. I no longer get myself into the deep drawdown situations, and according to CJ there's no need to. Trading the edges with a 20-30 pip stop loss is the way to go in my opinion. That way if I'm wrong I move on and look for the next one without the emotions getting all out of whack. No need to stress out into a massive drawdown. I've found when you get the cycle right you'll overcome the small losses it took you to get there.
Have a good week everyone!

husale · Post by **husale** » Mon Sep 25, 2017 8:00 pm

CADCHF Weekly

CADCHFweekly.png

Post by **xrismak** » Tue Sep 26, 2017 11:42 pm

Hello Folks,

USD-DKK @ 26-09-17.png

and

Goodbye,

Happy Trading,

xrismak