The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

Looks like they are taking advantage of the "news" to move some currencies already....moves in EURUSD, USDCHF, EURJPY, EURGBP etc to name a few....could be the break lower that drops EURJPY down towards 112-113.....over the coming days....or just "gap action"....

CJ

[Pueo]

Looks like they are taking advantage of the "news" to move some currencies already....moves in EURUSD, USDCHF, EURJPY, EURGBP etc to name a few....could be the break lower that drops EURJPY down towards 112-113.....over the coming days....or just "gap action"....

CJ

Cool, I didn't know fxcm gave prices earlier. Wow, CJ, I'm sure glad that you alerted me to the opportunity in E/J and I shorted near the high. You rock!

[Captain Jack]

Looks like they are taking advantage of the "news" to move some currencies already....moves in EURUSD, USDCHF, EURJPY, EURGBP etc to name a few....could be the break lower that drops EURJPY down towards 112-113.....over the coming days....or just "gap action"....

CJ

Cool, I didn't know fxcm gave prices earlier. Wow, CJ, I'm sure glad that you alerted me to the opportunity in E/J and I shorted near the high. You rock!

We were looking for a GBPUSD move higher as well, it's up right now.... consider those large moves a big stop hunt.... we'll see what shakes out later...

CJ

[Kruspe]

CJ, market is open and it hit my buy limit on EG (I set it on 0.86) and it is open on 0.8542. What do you think... should I let it (fill the gap?)

[Captain Jack]

Price is starting to back fill a bit but there's going to be a lot of busted accounts come market open....the fox has struck hard today!

CJ

[Captain Jack]

CJ, market is open and it hit my buy limit on EG (I set it on 0.86) and it is open on 0.8542. What do you think... should I let it (fill the gap?)

It's worth a shot....price usually gaps and then pulls back into the range for Asian...I'd keep it for now...the damage was done before anybody could do anything.... remember ADR....they can only go so far and then it has to come back....

They have limited capital with which to move price with....the problem with low liquidity is that they can move it farther and it doesn't cost them as much to do it....

CJ

[mjws00]

LOL. Sometimes I wish I'd have left things open. EJ would have made my day. If I recall you took some off the table for EURGBP as well. Also very nice, captain.

Crazy how much I look forward to every session these days. Want to go right back to sleep so London gets here faster

[Captain Jack]

LOL. Sometimes I wish I'd have left things open. EJ would have made my day. If I recall you took some off the table for EURGBP as well. Also very nice, captain.

Crazy how much I look forward to every session these days. Want to go right back to sleep so London gets here faster

Yes, I was going to leave them open but closed out a lot....had some EURGBP retraces hit the SL below the low pin... but didn't set it on all the orders....got a few open yet....

I wish I would have kept those EURNZD trades open...lol....trades over...moving on!

CJ

[Pueo]

Hey guys, I thought I'd share something. I use ThinkorSwim for my "at a glance charts". What you see in the pic are 2 hour candles which I like for a bigger picture then the 15m. To me it is a happy medium between 1 hour and 4 hour. You can get a free demo account with them which doesn't expire (it's called paper account). I like how the charts look and how the workspace is. It's not good for marking up though so I save that for my Empty4 charts. If anyone gets this and wants the thinkscript for the previous day's high/low, just let me know. The charting has all the fx pairs, futures and equities.

[Captain Jack]

Crazy how much I look forward to every session these days. Want to go right back to sleep so London gets here faster

Exactly my thinking too. If I can wake up when the expansion is over too that be sweet.

Going to be some crazy range boxes today....check out some of the CHF crosses... we already had almost 300pips in EJ,crazy day...

I did have some EJ shorts left open though...

CJ