The Captains Chest - Naked Trading & Other Stuff

[Reaper]

Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push or a stop run or even both?

Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often be identified when they cut the London high and stay above it for more then 30 minutes. These moves usually won't reverse for three sessions or half way through the third session after the move started.

So we may see at least one more strong up day if not two?

[Captain Jack]

Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push or a stop run or even both?

Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often be identified when they cut the London high and stay above it for more then 30 minutes. These moves usually won't reverse for three sessions or half way through the third session after the move started.

So we may see at least one more strong up day if not two?

There was a small range here during Asian...price is extending the range....

CJ

[Pueo]

pinning at the previous day's high low

capture3.jpg

capture5.jpg

[lhDT]

Forming RRT on cable (still 10 min to go so ...)
I will maybe add a bit to my short.

[Reaper]

Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push or a stop run or even both?

Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often be identified when they cut the London high and stay above it for more then 30 minutes. These moves usually won't reverse for three sessions or half way through the third session after the move started.

So we may see at least one more strong up day if not two?

There was a small range here during Asian...price is extending the range....

CJ

Thanks. I hope I get this one day...

[Captain Jack]

Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push or a stop run or even both?

Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often be identified when they cut the London high and stay above it for more then 30 minutes. These moves usually won't reverse for three sessions or half way through the third session after the move started.

So you think it's going to rise for 2 more sessions?

I follow a 3 day cycle from the last peak low, which should bring us to a new peak high level 3 today....

Interesting as I see several GBP pair at the 3rd level from the last peak low...

CJ

[Pueo]

I follow a 3 day cycle from the last peak low, which should bring us to a new peak high level 3 today....

Interesting as I see several GBP pair at the 3rd level from the last peak low...

CJ

If you think that you've caught the 3 day peak, is shooting for 50% of the range a good idea for tp? (the range from peak to peak)

I get that it depends if the daily or 4 hour are showing you something strong. But I'm wondering what could be a good exit signal when the situation isn't clear.

[casapips]

Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push or a stop run or even both?

Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often be identified when they cut the London high and stay above it for more then 30 minutes. These moves usually won't reverse for three sessions or half way through the third session after the move started.

So you think it's going to rise for 2 more sessions?

I follow a 3 day cycle from the last peak low, which should bring us to a new peak high level 3 today....

Interesting as I see several GBP pair at the 3rd level from the last peak low...

CJ

Mon Capitaine,

How do you identify cycles? Weekly, Daily, 4H..
I guess then you trade 15 min TF (RTT, M,W, 3 level) in rythme with those cycles.

Merci

[mjws00]

Forming RRT on cable (still 10 min to go so ...)
I will maybe add a bit to my short.

I'm sitting on my hands till they throw up that second leg. Then I shall join you. They love getting me aboard early. Much easier to load a little heavier if I wait a bit. I am always concerned I will miss the peaks. Classic.

[lhDT]

Forming RRT on cable (still 10 min to go so ...)
I will maybe add a bit to my short.

I'm sitting on my hands till they throw up that second leg. Then I shall join you. They love getting me aboard early. Much easier to load a little heavier if I wait a bit. I am always concerned I will miss the peaks. Classic.

Added at the close and locked just in case.
CJ, do u lock your profit once you stack in or something ?