The Captains Chest - Naked Trading & Other Stuff

[Pueo]

I've got 2 shorts on the cad, one's a scalp, and this one: entry 1.0230 tp 1.01 sl 1.0330

[Pueo]

I like the G/U but not quite yet. If enough longs were trapped, wouldn't it have dropped off more over the weekend? Hard to say with obvious Euro weakness.. I might enter a half position if this hourly candle closes with RR. Otherwise, I'm waiting for a stophunt, peg the 1.52 level and then reverse...

[mjws00]

Gap is covered. I see 3 waves off the bottom, a pretty little M on the 5 min and I'm in. You could very well be right. I'm often early.

In a perfect world 15min will print a RRT. But they may test me. I'm comfortable either way.

[swisscheese]

Gap is covered. I see 3 waves off the bottom, a pretty little M on the 5 min and I'm in. You could very well be right. I'm often early.

In a perfect world 15min will print a RRT. But they may test me. I'm comfortable either way.

What is RRT?
Thanks
Edi

[Pueo]

Rail Road Tracks

[mjws00]

Admittedly these big gaps add a little uncertainty for me. I'm more interested in the ones that have already filled, as I don't know how market makers view the masses on these. Do they fade them filling the gap, treat it as a chance to clear the board at the bottom, rip it to a fib and drive it back down, or go sideways to frustrate. So many nice options. They've busted a bunch at the bottom, and have nice fuel for the people that were lucky over the weekend in the right direction and don't want to see everything evaporate. I'd be taking profit had I held. That make me a buyer. Then a seller again.

Once more nuance to study from this perspective.

[swisscheese]

<snip>
A small one, just for fun!
</snip>

Hi Edi.

Thanks for posting your stuff, you seem to know what you are doing. Would you mind annotating your charts a little in terms of CJ's approach (if indeed you are using CJ's approach to take your trades).

Thanks
Mark

Hi Mark

I would like to Enter where CJ tells us... sometimes, when I'm at the Screen and I see building up a Pinbar then I enter where "El Capitan" says.
But when there is no such Entry (or I don't see it but it would be there) I enter on Breakouts.
What I try to do is to "read the Candles", when does PA stop to fall/climb, when apear Wicks on wich Levels? Not realy something special.

For me AUDCAD is pushing higher, I try to look on those Charts 15, 60, 240, Daily and Weekly and then decide what to do.
On the Daily you see to long Wicks (Up and Down) this is for me the Battle-Zone where the Big ones decide for Long or Short.
I try it on the Long side...
(Sorry my english is to bad for long explanations...)

Cheers Edi

USDCAD busted
AUDCAD running

[swisscheese]

EURJPY
I give it a try for Short
Edi

SL@BE

[Pueo]

I just shorted the yen, it filled the gap and now we have a m on 15. Daily looks down.

[swisscheese]

<snip>
A small one, just for fun!
</snip>

Hi Edi.

Thanks for posting your stuff, you seem to know what you are doing. Would you mind annotating your charts a little in terms of CJ's approach (if indeed you are using CJ's approach to take your trades).

Thanks
Mark

Hi Mark

I would like to Enter where CJ tells us... sometimes, when I'm at the Screen and I see building up a Pinbar then I enter where "El Capitan" says.
But when there is no such Entry (or I don't see it but it would be there) I enter on Breakouts.
What I try to do is to "read the Candles", when does PA stop to fall/climb, when apear Wicks on wich Levels? Not realy something special.

For me AUDCAD is pushing higher, I try to look on those Charts 15, 60, 240, Daily and Weekly and then decide what to do.
On the Daily you see to long Wicks (Up and Down) this is for me the Battle-Zone where the Big ones decide for Long or Short.
I try it on the Long side...
(Sorry my english is to bad for long explanations...)

Cheers Edi

USDCAD busted
AUDCAD running

AUDCAD sl@be