The Captains Chest - Naked Trading & Other Stuff

[Reaper]

Finally we may have reached the top of the NZDUSD...

I think GBPCAD will fall alot more but as its Friday, I'll pull out. In fact there should be one more push down before I rekon it turns for the day.

[Captain Jack]

Stacked and Jacked, Lio!

I see 2 legs down with the 3rd started...looking for pins to close out before the pull back into the close...

CJ

[SWG123]

Anyone barfing on GU?

gu 130315.gif

[mjws00]

I think that EURNZD chart is one of the prettiest I've ever seen.

Everything on my much smaller board was green. I am flat for the weekend. Almost left everything to run. But we all know I'll be there to hit the trigger Monday. And I LIKE MONEY in my acct.

Now I can play on this thread and study in peace. AND The NAP was good Too!

Mike

[Captain Jack]

Anyone barfing on GU?

gu 130315.gif

I have it short but for other reasons. Have you noticed how they have "dirtied" up the candle patterns? Those used to be so easy to see...now it's pins and runs all over that require "interpretation"... very few clean patterns anymore....

Nice find though!

CJ

[Captain Jack]

I think that EURNZD chart is one of the prettiest I've ever seen.

Everything on my much smaller board was green. I am flat for the weekend. Almost left everything to run. But we all know I'll be there to hit the trigger Monday. And I LIKE MONEY in my acct.

Now I can play on this thread and study in peace. AND The NAP was good Too!

Mike

Missed the nap here...early to bed tonight....I mean this evening lol....

Glad to hear your green going forward, that's where we all want to be.

A lot of these are starting a new 3 day cycle so I'll probably carry over the weekend...it they hit right, I won't have to pay triple the freaking swap Wednesday!

On 2nd thought, went ahead and booked a bunch of those...."W" forming on the lower ends....

Took a few orders going the other way, into the close. Will hold for the gap on Monday...

CJ

[mjws00]

I'm sitting 31/38 for the last 3 weeks, and a few of the misses were misclicks and messing around. R:R still over 3. I screwed up my pips this week though, closed a few large runners against me when the net position was in profit from larger trades above.

Doesn't feel like "easy" market conditions or luck. So I have been upping size steadily. I have been well versed in 0.5% style risk. Always always keep a big stack of chips available to play with. But I have never had a problem pushing hard with house money. That is where CJ shines to perfection.

Mike

[Captain Jack]

I think that EURNZD chart is one of the prettiest I've ever seen.

Everything on my much smaller board was green. I am flat for the weekend. Almost left everything to run. But we all know I'll be there to hit the trigger Monday. And I LIKE MONEY in my acct.

Now I can play on this thread and study in peace. AND The NAP was good Too!

Mike

I dont think it was a textbook M, the second high was higher than the first so I passed.

Nap what a good idea, I could use a good sleep, making pips is hard work.

They didn't get what they wanted in the area of the old pins....so they took it higher and sold the breakout....then they got what they needed and back to the original plan.....

They will vary the patterns and change them up....they've actually become quiet dirty, with the long wicks, pins, "holding" the pair in a range....lot's of new tricks that they've added...

If you really look, that first leg up WAS the range expansion out of the narrow Asian, and the 2nd move up was the stop hunt....

CJ

[Reaper]

Got a couple of trades I want to see profit before I close them. They are on NZDUSD, are we going to see a drop before close of play you think?

[Captain Jack]

I'm sitting 31/38 for the last 3 weeks, and a few of the misses were misclicks and messing around. R:R still over 3. I screwed up my pips this week though, closed a few large runners against me when the net position was in profit from larger trades above.

Doesn't feel like "easy" market conditions or luck. So I have been upping size steadily. I have been well versed in 0.5% style risk. Always always keep a big stack of chips available to play with. But I have never had a problem pushing hard with house money. That is where CJ shines to perfection.

Mike

Let them off easy today as I only went over half my margin when I had those AUDCAD scalps open....

I'd like to get me some of that 1000:1 from overseas....you guys are lucky!

CJ