The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

EURNZD. Interesting chart. Almost identical to that GBPUSD chart the fox tricked me on. But could set up very nicely with a 3 move push. Tap the High, sell it.

Made my shortlist.

Think it's stop hunting now...

CJ

[Captain Jack]

Is this a "M" on cable ?
If yes, is it a good plan to short at the top, and again at the bottom when broken ?

Looking like it...

CJ

[Captain Jack]

EURGBP just pinned low after a 3 level drop...check it on the 5M....

CJ

[rosst]

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

Broke yesterday high, broke asian range, strong h1, stong m15 with no wicks.
It this is just stop hunt, that's really big hunting time !
My short is currently at -50 and SL is 50 pips away ...

Will try to stack at the first signal.

We should expect the stop hunts 25-50 pips above/below the asian consolidation zone.

Stop hunts do not always happen or do they?

They don't happen before a straight away move....

CJ

I went back about 2 years and stop hunts (25-50 pips above/below price) happen a few times a month )if I remember correctly - maybe 3 or 4 times a month on most pairs) - and when price hits that zone - about half the time it will show you an M or W and then keep on going (not reverse as expected). Some people like CJ can see this stuff like no one else! Plus he is saving you guys over 5 grand for the useless courses out there...

[swisscheese]

Anybody watching EURNZD?

CJ

CJ

This Level was good for a few Short-Trades with very low Risk/tight SL.
Maybe it ist still a good Short Level...

Now I'm Long here as the Low prints are pushing higher.

Edi

[lhDT]

Anybody watching EURNZD?

CJ

CJ

This Level was good for a few Short-Trades with very low Risk/tight SL.
Maybe it ist still a good Short Level...

Now I'm Long here as the Low prints are pushing higher.

Edi

Wow, seems a bit like buying the top no ? Would rather go short overthere.

[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?

Broke yesterday high, broke asian range, strong h1, stong m15 with no wicks.
It this is just stop hunt, that's really big hunting time !
My short is currently at -50 and SL is 50 pips away ...

Will try to stack at the first signal.

We should expect the stop hunts 25-50 pips above/below the asian consolidation zone.

Stop hunts do not always happen or do they?

They don't happen before a straight away move....

CJ

I went back about 2 years and stop hunts (25-50 pips above/below price) happen a few times a month )if I remember correctly - maybe 3 or 4 times a month on most pairs) - and when price hits that zone - about half the time it will show you an M or W and then keep on going (not reverse as expected). Some people like CJ can see this stuff like no one else! Plus he is saving you guys over 5 grand for the useless courses out there...

Stop hunts take place every day on every time frame....it's just that on the 15M time frame and with this method....you look for them to occur 25-50 pips above or below the Asian range....

A news spike is nothing more than a stop hunt....

CJ

[Captain Jack]

Anybody watching EURNZD?

CJ

CJ

This Level was good for a few Short-Trades with very low Risk/tight SL.
Maybe it ist still a good Short Level...

Now I'm Long here as the Low prints are pushing higher.

Edi

Unless I'm mistaken, this was the stop hunt.....

CJ

[Durante]

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

No. I agree with you. the move started in london session so we should be into the third session now and looking for a technical exit if still in the buy trade. I won't be shorting though as we're in the trending part of the month and I feel GU is going to keep making aggressive gains. may be a correction first but I'm quite conservative so will watch a bit longer before re-entering.

[swisscheese]

Anybody watching EURNZD?

CJ

CJ

This Level was good for a few Short-Trades with very low Risk/tight SL.
Maybe it ist still a good Short Level...

Now I'm Long here as the Low prints are pushing higher.

Edi

Unless I'm mistaken, this was the stop hunt.....

CJ

SL to BE