The Captains Chest - Naked Trading & Other Stuff

Post by **ericjschroeder** » Tue Apr 03, 2018 3:01 pm

I'm still watching and reading what you people post as well as more of this thread that I haven't gotten to yet. I do hope that I'm improving and it's not just luck when I catch some good trades, especially since I can't always get to the charts at the close of a H4 bar. I've stopped trying to zoom down to the H1 for a better entry; I haven't been successful with that. So far this week I've traded: ACad, AJ, AN, AU, EA, ECad, EJ, EN, GCad, GJ, GN, NJ, NU, UCad and UJ. Haven't caught anything yet on EU or GU and I don't really like trading Chf pairs. Some have been in the right direction, some wrong, but since my emergency SL is 1/4 of my risk, I just need to catch some moves like this morning to make it up. When I went to sleep last night, my account was down 3-4% and when I got up at 6am, the close of H4 for me, I saw some nice moves and closed all trades, and now account is up about 8%. As always, end of week analysis should help me see what I could do better.
Now to start looking for more trades.

newl90 · Post by **newl90** » Tue Apr 03, 2018 3:41 pm

Hi guys!
Watching this post long time ago, but Im still a bit stuck. Usually I can only trade in NY session, but my entries not so good. Do you prefer london more? Does it matter if the H4 has other overall direction, but M15 gives RRT,W,M countertrend?
A week ago I was like "oh I see it" but I made some bad entries at NY open (usually rrt) and got kicked.
Thanks for any advice, I hope I can write something useful in the future :hi:

goodo · Post by **goodo** » Tue Apr 03, 2018 3:46 pm

It seems GBPCHF is pinning the second leg of the M right now. The previous high was 1.34881 on January 25th. I am unable to do anything but sit here staring at the chart. I hope I am getting it right.

GBPCHFH1.png

rambo06 · Post by **rambo06** » Tue Apr 03, 2018 3:55 pm

goodo » Tue Apr 03, 2018 3:46 pm wrote:It seems GBPCHF is pinning the second leg of the M right now. The previous high was 1.34881 on January 25th. I am unable to do anything but sit here staring at the chart. I hope I am getting it right.

Careful, did you check higher TF?

R

Post by **Wavegarrick** » Tue Apr 03, 2018 4:04 pm

A nice little trade made today and a few others, nevertheless I will use this one as an example,

For me, significant was the stagnant lower lows made in the asian session over a 3 day period. This mornings asian session popped the previous day's high. I was in on this one some time in the open of London.

I can live with this.

Cheers
Leon

goodo · Post by **goodo** » Tue Apr 03, 2018 4:46 pm

rambo06 » Tue Apr 03, 2018 3:55 pm wrote:
Careful, did you check higher TF?

R

Right, I think we are at level 2 on the Daily, so if price does come down I guess it won't be for long.

rambo06 · Post by **rambo06** » Tue Apr 03, 2018 4:58 pm

goodo » Tue Apr 03, 2018 4:46 pm wrote:
Right, I think we are at level 2 on the Daily, so if price does come down I guess it won't be for long.

Always look both ways before you cross the road..

IMO I don't mind taking counter trend trades, just wanted to make sure you were aware of the bigger picture so you have the correct expectations..

Good Luck with it!

goodo · Post by **goodo** » Tue Apr 03, 2018 5:11 pm

rambo06 » Tue Apr 03, 2018 4:58 pm wrote:
Always look both ways before you cross the road..

IMO I don't mind taking counter trend trades, just wanted to make sure you were aware of the bigger picture so you have the correct expectations..

Good Luck with it!

Thank you very much for bringing it up rambo. I have to get the basics ingrained.

fundi · Post by **fundi** » Wed Apr 04, 2018 8:00 am

20180404_usdchf_m15_mm_daily_cycle_RRT_London_Open.png

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Post by **rewand** » Wed Apr 04, 2018 8:45 am

fundi » Wed Apr 04, 2018 8:00 am wrote:
.

And what comes next.. it has to be a shoot-up. It is decoded in lower tf pa itself. It is see-able! At least I can see it that way