The Captains Chest - Naked Trading & Other Stuff

[Kruspe]

My limit order was too low, but I expected we will visit this price in near future... it would be sad if journeywould run without kruspe

[Captain Jack]

My limit order was to low, but I expected we will visit this price in near future... it would be sad if journeywould run without kruspe

Yes, good call....we could get several days of upwards movement here.... still time to get an entry....good luck!

CJ

[Captain Jack]

Hey Lio....this one's for you!

Scalping the pin.....

3-15-2013 9-03-29 AM.png

CJ

[swisscheese]

I see "M" everywhere on EURNZD ... I added at the top.
Tempted to close both for BE but H1 look pretty bearish with all those pins !

Long closed with 20 Pips.
Edi

Short here
I posted this earlier but ...no Post... now this Post is late... sorry guys.
How long does it take until my Post don't have to goe trough this "Approval Mode"?

Cheers
Edi

[lhDT]

Hey Lio....this one's for you!

Scalping the pin.....

3-15-2013 9-03-29 AM.png

CJ

Grrr nice
I got spiked on E/N ended with SL hit then it reversed. This with some others losses ruined my weekly profits (using 10.4).
Need to learn avoiding sl with your method.

[Reaper]

My limit order was to low, but I expected we will visit this price in near future... it would be sad if journeywould run without kruspe

Yes, good call....we could get several days of upwards movement here.... still time to get an entry....good luck!

CJ

I'm trying to work out the cycles for EURGBP just tell me if I'm correct please...

End of feb till last week was a 5 point move (3 level thingy), then this week was the corrective move down. We should see another 5 point move up for about 2 weeks...is that more or less it, or have i got that totally wrong?

[swisscheese]

Long with these 2 Pairs

EURCAD and GBPCAD

[Reaper]

Long with these 2 Pairs

EURCAD and GBPCAD

But please tell why my friend...whats your logic. I shorted the GBPCAD as I think this move up is the end of a 2 level corrective move, it should hopefully print an M pattern. Soon find out if im wrong tho.

[swisscheese]

I see "M" everywhere on EURNZD ... I added at the top.
Tempted to close both for BE but H1 look pretty bearish with all those pins !

Long closed with 20 Pips.
Edi

Let's try the Short way down...
Edi

15 Pips for me and no more new Trades for today.
This Scalping thing makes me nervous.

This evening I want to use my BBQ in between the Snow in my Garden, so I can calm down again.

[Captain Jack]

Hey Lio....this one's for you!

Scalping the pin.....

3-15-2013 9-03-29 AM.png

CJ

Grrr nice
I got spiked on E/N ended with SL hit then it reversed. This with some others losses ruined my weekly profits (using 10.4).
Need to learn avoiding sl with your method.

We need to remember that when a new session starts, they hit the stops, high and low....to lock traders in positions for the oncoming session. Take a look at the pin high and pin low on a lot of the charts....it happens on every session change....

CJ