The Captains Chest - Naked Trading & Other Stuff

[mjws00]

I got lots of thinkin and processing to do. But if you want a picture of pure military precision, the swiss team crushed, killed and tortured both bears and bulls last night. Pure genius and awesomeness. GBPCHF. Seriously plasters a grin all over my face, I knew they were good, but wow.

[sat79]

Why I newer before didn't get this fox thing when CJ talk about it in FXAW? Maybe I'm just bit slow to get this "matrix" thing... Now my eyes is much more open, but still I don't get when THEY stop that trapping and where they are shooting next for longer time. I'm still not too keen to start scalping for 30 pip or something like that. Never have try scalping, maybe cause it smells too much of work..

[mjws00]

The swiss bankers are so beautiful it makes me want to cry. I am in love. Here is why.

Mike

[Captain Jack]

The swiss bankers are so beautiful it makes me want to cry. I am in love. Here is why.

Mike

I wouldn't be surprised to see this turn and run like a fox....that was the stop hunt that just took place....the payoff hasn't hit yet.... sure looks like they are "showing" further drops.....but no longs left here..... only shorts....

CJ

[f451]

GBPCHF-1HR.jpg

And here's my thoughts on the same GBPCHF in 1HR.

Looks like the key things to be looking for in real time are
a prior trend
that has just started accelerating into a some kind of reference point area (not sure how to pick these reliably yet)
a pin forms
on retest of the pin - enter with a tight stop

[Captain Jack]

Could be pinning....

CJ

[mjws00]

I may have screwed up and took the 30 min pin early. My question is really whether they test the trapped bears around 1.4100 as well and just let them burn... Traditionally I would look for a bounce off the pivot or that round number. also in confluence with a band. I am usually a swing early, so 2 part add is always in my plan and allowed for. It wouldn't be the first time. I don't get shook out though and usually get that second entry in with the foxes money.

Probably not even a great pair to trade. But the action caught my eye for analysis. I have a long ways to go on integrating this logic. Getting the history part, learning the future.

Thanks, CJ.

Mike

[ewinner]

Hi Mike, how about this one?

Mark

ej.gif

[f451]

you know I'm going to have to try this in sim a bit more, but I think this trading method actually might be much, much safer than it appears - after a big push, you almost always get either a retrace or a consolidation - so if you see a pin forming, even if you haven't correctly picked an "area of interest", you still going to get to BE or a small profit most times...

[Aus67]

I got lots of thinkin and processing to do. But if you want a picture of pure military precision, the swiss team crushed, killed and tortured both bears and bulls last night. Pure genius and awesomeness. GBPCHF. Seriously plasters a grin all over my face, I knew they were good, but wow.

I see what you mean!

its all there right in front of our eyes!..