The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

This is one way of building those positions into a big payday.

Each pair will have it's own ADR to use in computations. Some small, other larger...

This is an example over several days on the higher time frame, but you can use it on the 15M time frame using daily ADR on the same manner. This is based on entry at the LOD or HOD, where you have the full ADR to work with.

CJ

Thanks for this. I can't believe I didn't think to apply this to other 3 wave cycles. On whatever timeframe. Getting out at/near ADR is like breathing to me... this little gem is an FU moment. Doh.

Sometimes the simplest things smack you right upside the head. Or maybe I just woke up and my sense of humor is especially twisted. Whatever the case, more free beer on me.

So what is the deal on EUR pairs EJ EG, both either have perfect straightaways goin or they reverse pretty soon. Foxy got it goin on tonight.

No need to find 20 trades on 29 pair, find the one pair with a great signal and take 20 trades off of it...the idea is to trade to make money, not to just make trades.

Most gaps have filled....and the hold has been lifted off the Pound....a little news does wonders to get the fox out of his hole and running....

Each time you have one of those "face palm" moments, your bank account is going to thank you!

CJ

[Lifesys]

John
This thread is a great addition to SH forum & stretches well beyond what I have been endeavouring to achieve with PA.
Watching multiple TimeFrames has been mentioned a few times - an excellent way to do this, without huge or multiple monitors is with StratmanMinicharts. I can see 4-5 additional charts on one main chart or up to 20 small charts on 1. You can set other TF's or even other pairs together.

2013-03-20_200126.png

NOTE: Need to install Stratman font to view correctly (included with manual).
May be useful to others. Thanks for your great insight & support.
Paul

[Captain Jack]

John
This thread is a great addition to SH forum & stretches well beyond what I have been endeavouring to achieve with PA.
Watching multiple TimeFrames has been mentioned a few times - an excellent way to do this, without huge or multiple monitors is with StratmanMinicharts. I can see 4-5 additional charts on one main chart or up to 20 small charts on 1. You can set other TF's or even other pairs together.

2013-03-20_200126.png

NOTE: Need to install Stratman font to view correctly (included with manual).
May be useful to others. Thanks for your great insight & support.
Paul

Hi Paul,

I'm glad people are finding the information of some use and I'm glad to be able to contribute here. I've been a lurker for a long time and never really had the time to do it before.

I'll post the indi on the 1st page with the others. I've used it in the past and it's a great add for those wishing to be able to multiple time frames on one chart.

Thanks and feel free to add anything to the conversation that you think might help us along with out fox hunts.

John

[Captain Jack]

I hope you guys and gals are getting some of this....

CJ

[Lara]

Thanks CJ - makes perfect sense.

Speaking of GBP/USD I see there are some high-impact news items coming up for GBP. I was expecting Foxy to keep an extended consolidation until he can use the "news" to validate his move. In the last couple of minutes, however, there has been a 75 pip drop. Likely Foxy will be buying at news time?

Lara

Thanks Capn. A WHOLE new way of looking at the news - closed at 50 pips long on GBP/USD. Could have gone for a 100+ but as you say "next trade".

Lara

[Captain Jack]

Thanks CJ - makes perfect sense.

Speaking of GBP/USD I see there are some high-impact news items coming up for GBP. I was expecting Foxy to keep an extended consolidation until he can use the "news" to validate his move. In the last couple of minutes, however, there has been a 75 pip drop. Likely Foxy will be buying at news time?

Lara

Thanks Capn. A WHOLE new way of looking at the news - closed at 50 pips long on GBP/USD. Could have gone for a 100+ but as you say "next trade".

Lara

They've been holding price for days now....today is the "excuse" to do what they are doing....swinging it all over the place...this is the stop hunt, got a few hours of action to go....and I'mma gonna blow some minds here when it's done....

CJ

[Abrin]

http://www.newsimpact.com/ handy site for estimating news impact, give you an idea of what to expect.

[mrelectron]

Hi CJ.

I just want to thank you for the time and patience you have given and shown in this forum. Trading without indicators using price action combined with your insights into how the market is made has given me an opportunity to see light at the end of the tunnel.

Do you still plan to go ahead with a BARF thread?

Thanks
Mark

[Captain Jack]

Hi CJ.

I just want to thank you for the time and patience you have given and shown in this forum. Trading without indicators using price action combined with your insights into how the market is made has given me an opportunity to see light at the end of the tunnel.

Do you still plan to go ahead with a BARF thread?

Thanks
Mark

It depends on time Mark. This thread is taking a lot of time as well as my trading. I'd like to get it going, so we'll see going forward. It kind of ties in with what we are doing now and looks for a specific pattern...

CJ

[monty]

I hope you guys and gals are getting some of this....

CJ

CJ.Thank you for sharing your knowledge with us,and your teaching method been very affective and much appreciated by all of us here.

I managed to get 30 pip on G/U retracement.

But now I'm going to stay a side with big news on uk budged on .

I have no idea how to trade this big move till it settles down.