The Captains Chest - Naked Trading & Other Stuff

[mjws00]

I'm finding a new love for these critters. I'll be the fool so others may learn.

Hopefully it only takes a few seconds for you to spot the glaring errors, CJ.

I will admit it seems to be coming easier. If you know what they are thinkin' it makes it WAY easier to get a nice entry with them. I am pretty certain this is where your magical powers come from Possibly why those half formed pins just leap out at you.

If it sticks I may never be the same. Next mason's jar is on me.

Mike

[mjws00]

Yep. Runnin a few thousand bars in the sim. Only way to crank down the curve. Thought maybe you'd just throw an X or something by the errors and tell me where I'm a dumbass.

[Captain Jack]

Thanks for answering my previous questions CJ.

I have several more questions . I can't yet see how to fit your model, i.e. accumulation, spread widen, stop hunt, accumulation, then head fake, from the market maker's bread and butter chart, to other times and pairs.

When trading the 4h chart, do you have to see a period of accumulation before deciding to pick an area of interest and trade?

Why do market makers accumulate positions before the stop hunt?

Why does the spread widen then come back down before the rise up to the stop hunt, i.e. on the market maker's bread and butter chart?

What is a head fake and what is its purpose?

On the first reversal in early Feb (EURGBP), how could we have picked that high as an area of interest?

Are your demo accounts on myfxbook experiments or how you actually trade?

Sorry, so many questions! A really fascinating topic

I'll get to a lot of this later...

The demos are receiving a lot of the trades from my real accounts via copiers. Some I'm trading direct, but this is how I trade....it's no experiment. I just don't open up my real accounts anymore.

Taking a break....

CJ

[Captain Jack]

When you see the railroad tracks, it has already happened. How do you enter near the top and risk only 15 pips? Is it by looking for railroad tracks on the m15?

Here ya go Jason - this would be a counter trend scalp on the H4...entry right in the pins with SL set right on top of the high pin. You can see my entry and SL at the bottom set of pins. Live setup!

CJ

Hi CJ
Just out of curiosity is your fxcm platform set to GMT? my broker (for the moment) is gmt +2. Although I see the pattern on my chart, it is a tad different, but is this something that you may feel is critical. Ie having a broker running on gmt?

Daryl

I like the brokers better who run GMT based platforms....others do have variance and they are varied for a reason...more deception.

CJ

[Aus67]

I got my junior foxy glasses on, CJ. I am running charts like a mofo trying to get in their heads. What do you see at the labels. I have a feeling I am seeing what they want me to, but getting closer. Hard right is the obvious magic. Am I looking in the right spots?

I still get lost taking pinbars in realtime, without some kind of SR, trendline or something to guide me. It is really easy to take these early and get faked out. If I go just with my feel for price I do better. I do have serious time logged watching these build out from the 5s chart, and relating those microstructures to the higher timeframes. But just reading the pattern, gets me crushed unless I limit my hunting to certain areas.

Is it best to just pop down a few timeframes to finetune? Sounds like you see these without that.

Wonderful insight so far. Thanks. (Brooks is kicking my butt, holy anal retentive hell.)

Mike

Hi Mike
Hey what is the sim you are running? Is it a downloadable one?...great idea to get your head around CJ's methods.

cheers
Dary

[ewinner]

Hi Dary,

Try this one http://www.stevehopwoodforex.com/phpBB3 ... =47&t=1564

Mark

[spotdespot]

Does this the kind of thing you are looking for CJ? D1 early potential railroad at an area of interest with H4 confirming?

Cheers,
Dave.

[Aus67]

I got my junior foxy glasses on, CJ. I am running charts like a mofo trying to get in their heads. What do you see at the labels. I have a feeling I am seeing what they want me to, but getting closer. Hard right is the obvious magic. Am I looking in the right spots?

I still get lost taking pinbars in realtime, without some kind of SR, trendline or something to guide me. It is really easy to take these early and get faked out. If I go just with my feel for price I do better. I do have serious time logged watching these build out from the 5s chart, and relating those microstructures to the higher timeframes. But just reading the pattern, gets me crushed unless I limit my hunting to certain areas.

Is it best to just pop down a few timeframes to finetune? Sounds like you see these without that.

Wonderful insight so far. Thanks. (Brooks is kicking my butt, holy anal retentive hell.)

Mike

You running a trade sim or something....lol

Here's a current pic.... actually 2 of them. 4H and the same info compressed to the weekly chart....

CJ

Hi CJ
The sim is the way to get into this concept! seem to be a bit more at ease in seeing what is happening but one question beckons.
When will the blood letting be over? The patter from start to finish you mentioned, does it give a clue to it being over?

Is it when volume starts to wain? (no more buyers or sellers left alive)
or is there another method to suggest a longer push may be install...can longer accumulation give us any clue?

Daryl

[Gertje]

When to close your 'anchor-trade'?
Reversed RR-track?

Where do you add trades?
Specific distance between?
[Mid]Pivots like 10.4?

[eltax100]

Hi CJ,
you have definitely given me something to think about, looking forward to more of your treasure, very appreciated , looking at many charts, it looks like there are lots of opportunity just got to pick the right ones