The Captains Chest - Naked Trading & Other Stuff

[mjws00]

Stir up some old emotions Mike? Especially now that you know what's been going on all this time? Your hate will turn to love as you see the move coming and add your order to theirs, knowing there is nothing they can do about it.
John

I was just missing that tiny little sliver. I've even been trading their patterns with them not knowing WTF I was doing. But, they could round me up every once and a while and flat out trick me. Seriously laughing at myself when I look at my good trades, and see how close I was. But so wrong on the WHY.

I used to do this to the fish playing poker. Just like these foxes, throw up the same old moves... not even creatively at low stakes. Just suck em in, force an error, take their money. That I could drool and fall asleep on a laptop over. But the deck was fair, so it took hundreds of thousands of hands to exploit the edge.

This just turned into that obvious game. I have a thousand more trades to take to ingrain and learn mastery, but that is easy.

Thanks.

Mike

[hannele]

Hi CJ,

Could you post many charts as examples please, since I still can not get FXAW site ( waiting for my membership confirmation). That would keep me busy over the weekend and visual is always easier to crasp and Im keen as mustard to fully understand this one. If you have time, otherwise I just hang and wait for FXAW.
Cheers,
hannele

[Captain Jack]

Hi CJ,

Could you post many charts as examples please, since I still can not get FXAW site ( waiting for my membership confirmation). That would keep me busy over the weekend and visual is always easier to crasp and Im keen as mustard to fully understand this one. If you have time, otherwise I just hang and wait for FXAW.
Cheers,
hannele

[hannele]

Hi CJ
With a little comment I meant what goes inside your head when you look at it, if you could please (I ask a lot - sorry).

hannele

[Captain Jack]

Hi CJ
With a little comment I meant what goes inside your head when you look at it, if you could please (I ask a lot - sorry).

hannele

It takes a long time to annotate the charts. Refer to the chart posted by Mike, where I have added comments. Those comments apply to all of the charts I just posted. They are the same....it is for you to find the similarities based on what I have stated.

What are the phases and where do they occur in each chart, Pick one and begin

CJ

[Jason]

LOL. I'll just sit in the corner with green tea and charts. And a wall full of monitors for those foxy bastards to stare at me through. Thanks for the laugh.

In time I hope to fall asleep, drooling on my laptop. Right now I just want to snap on the scope and kill these critters. I gotta say I'm not really sure I love the aggression this brings out. I'm mellow, but watching these sly suckers kill everything that moves... jacks me right up. Seriously stupid perma-grin. Just need my balls to drop now so I can trade like the king.

Mike

I'm sure stop hunting happens, but how can we be sure it's always deliberate stop hunting that's happening? I mean, it would take tons and tons and tons, etc, of money to move the market so much. The patterns also repeat at every time frame. And wouldn't the richest rich people in the world be stop hunters if they can make money at will like that? Could it just as easily be the psychology of traders winning and losing, rising and waning supply and demand?

You have to make up your own mind Jason. I can show you the same pattern, sometimes "dirtied up" a bit, over and over and it won't make a difference. It happens everyday, on every time frame. Way back in the day, the world was flat. How could you have been convinced it was round? You draw your own conclusions.

The people who do this, the "market maker and the dealer", all work for the richest "people" in the world. Corporations called banks. They do make money at will. More than you could imagine. They work together and they work against each other.

It's the psychology of traders that allow this to happen. It is the dealer who creates the supply and demand areas, to generate transactions, to move price greater distance, thereby making more money.

Those are my conclusions. You draw your own.

CJ

I don't doubt that stop hunting happens often. I have seen market manipulation all of February and I was right almost everyday too!

[Captain Jack]

CJ

I don't doubt that stop hunting happens often. I have seen market manipulation all of February and I was right almost everyday too!

Stop hunting is just part of it. It's how they build a position, exit a position, get traders out of their positions and change direction at times.

Price is always moving, up and down. It has to for them to take profits. Price must step back to go forward as well as step forward to go back. Getting a heads on when they change the trend, and they can change it at anytime is key to improving trading as well. The candle patterns help to identify these tracks when they leave them. They can try to hide them with deception, but they can't eliminate them. They are right in front of us but it's up to us to "see" them. Most people don't because they are looking elsewhere.

CJ

[xrismak]

CJ

I don't doubt that stop hunting happens often. I have seen market manipulation all of February and I was right almost everyday too!

Stop hunting is just part of it. It's how they build a position, exit a position, get traders out of their positions and change direction at times.

Price is always moving, up and down. It has to for them to take profits. Price must step back to go forward as well as step forward to go back. Getting a heads on when they change the trend, and they can change it at anytime is key to improving trading as well. The candle patterns help to identify these tracks when they leave them. They can try to hide them with deception, but they can't eliminate them. They are right in front of us but it's up to us to "see" them. Most people don't because they are looking elsewhere.

CJ

CJ,
was just trying out your Little Snagit Gizmo, I love it.... I am going to try to use it to Draw my Trendlines and Built a few roof tops, more like learning to BARF my way to loads of Profits, now let me get back to the Important biz of Learning from you.

Warm Regards,
xrismak

[xrismak]

Have a Look 1.png

I'm a bit like pips400 - still looking through a dirty screen. I keep thinking I am grasping bits of it but I am struggling to separate what I am seeing from other explanations for the actions. For example I have been looking at WMD's stuff on FF - Trading With Deadly Accuracy I think it's called. It's naked trading so hopefully not too far off target for the thread. I keep seeing his "hook" structure retests of "breakout" areas everywhere - and the reasoning for the retests is different from CJ's for example but the result is the same.

Also re. trendlines - I think they can be very useful. Again the above thread opened my eyes a little as once you move away from the rigid preconceptions of how trendlines should be drawn you can start making some interesting discoveries. For example - the trendlines drawn below I would not have drawn previously but I have quite a bit of faith in them in that there will be some reaction. These particular trendlines were drawn on the weekly chart from around October 2011 - yet look at the reaction to them now on an H4 chart. In my mind I would be looking for confluence of trendlines/S/R/Sup/Dem for potential reversal points but I would like to tie them in with CJ's ideas if I could get my head around them then maybe, in time, move on to the other side of the glass and get rid of all the "noise"

EDIT: Just seen posts since I started writing this. Mike - what is an "M"? I know an M as simply price following that shape but you referred to a double M with a higher high that I couldn't see for the life of me and I certainly struggle to see how we predict one on the EJ M15 chart?

Cheers,
Dave.

Spotdespot,

Are we seeing Similar Stuff in different Formats, I might be wrong but I just want to be sure that I am catching on to the Concept slowly Peeps.

Happy trading Y'all,

xrismak.

[xrismak]

Peeps,

Still Learning, this Illustration is not exactly what I want for a Perfect set up but 'll get the Perfect set up at some point in Time, just have to keep on looking and Practicing.

Happy Trading Y'all.

xrismak