The Captains Chest - Naked Trading & Other Stuff

[xrismak]

xrismak, I have no idea how to read your chart. What are you highlighting? Last one baffled me as well. So I must've missed a lesson somewhere.

Mike

mjwsOO,
I am tryna do a BARF thinghy, I did the M but then I thought okay it might do a little bit of a "BARF", I ain't too sure it's Exactly right but I'll wait to see, I just might have got it wrong or right, time will tell but Practice makes Perfect.


Cheers,

xrismak

[mjws00]

Cool. Looked like CJ was making sense of it. But not having access to fxaw... i was completely lost. Thanks for the clarification.

[Captain Jack]

Cool. Looked like CJ was making sense of it. But not having access to fxaw... i was completely lost. Thanks for the clarification.

He is reference is to a method of trading I put forth at FXAW. It is based on Tom Bulkowski's Bump and Run Reversal formation that is used in the equity markets. I adapted it's use to forex and it is a highly profitable method of trading.

In essence, price will be rising on a trend, volume will be normal or low. Volume will pickup and price will rise quickly, forming a "bump" It is a price/volume exhaustion model, that finds reversals in trend.

3-10-2013 3-59-18 PM.png

I call the pattern a Bump and Run Formation, BARF and the thread at FXAW was titled, "BARF your way to profits".

EURJPY has presented a BARF, the entry was the 1st time price retraced and broke the trend line. Price has since retraced to the original entry point, giving a 2nd chance for entry.

CJ

[xrismak]

BARF 2.png

CJ,

I drop down a Time frame from the Daily EURJPY and I have a great Big GRIN It's begun to make loads of Sense now...... Repetition of Facts to anyone who sees a bit Clearer.


Happy Trading Y'all,

xrismak.

[mjws00]

Hey CJ,

If you see this. What are your thoughts on EJ. Do we need to retest 126.00 or is there enough trapped up there? You'll see what I mean on the chart. Fake up above 125.00 and drop might be nice as well.

I'll be waiting for the pattern, and like the longer term short. But curious on your insight.

Mike

[Captain Jack]

Hey CJ,

If you see this. What are your thoughts on EJ. Do we need to retest 126.00 or is there enough trapped up there? You'll see what I mean on the chart. Fake up above 125.00 and drop might be nice as well.

I'll be waiting for the pattern, and like the longer term short. But curious on your insight.

Mike

Shorts are already trapped, need a swing higher to get rid of them. Longer term I see it dropping...not much action till later....1am and on.... reverse may come during NY.....

CJ

[madpipa]

Hi CJ,

Very interesting thread. I have looked at some of Steve Mauro's webinars/teachings & also Lance Beggs at YTC. But I like the way this thread is developing. It has taken me 2 days to read through so far & check & double-check every chart. SCARY!!! My head still hurts!

I will have to keep looking at these pins till I can't stop seeing them. Thanks for a thought provoking look at trading.

Cheers,
Mick

[madpipa]

Hi mjws00,

What is the indi you are using for the session outlines? It sure looks better than the old "sessions" indi that fills-in the blob with solid colours. Is it one of Steve's? Is it available?

Cheers,
Mick

[mjws00]

Standard opensource autosessions indi. You have to tweak hours yourself. I tweaked this one to GMT (Cowboy IBFX). I like to show from an hour before Frankie (White) based on Dibs from many years ago in FF. So don't let that throw you off. Asia, LO, NY are normal.

Enjoy.

[nanningbob]

Cool. Looked like CJ was making sense of it. But not having access to fxaw... i was completely lost. Thanks for the clarification.

He is reference is to a method of trading I put forth at FXAW. It is based on Tom Bulkowski's Bump and Run Reversal formation that is used in the equity markets. I adapted it's use to forex and it is a highly profitable method of trading.

In essence, price will be rising on a trend, volume will be normal or low. Volume will pickup and price will rise quickly, forming a "bump" It is a price/volume exhaustion model, that finds reversals in trend.

3-10-2013 3-59-18 PM.png

I call the pattern a Bump and Run Formation, BARF and the thread at FXAW was titled, "BARF your way to profits".

EURJPY has presented a BARF, the entry was the 1st time price retraced and broke the trend line. Price has since retraced to the original entry point, giving a 2nd chance for entry.

CJ

Love your thread, hope to be caught up by tonight, on page 18 now. Question are there a range of degrees for these runs that are fairly standard. I have seen them and wanted to test them at some time in my life but never got around to it. So is there a theory that runs will be 30% but when they reach 33 or so look for the 40%+ run or anything like that?