The Captains Chest - Naked Trading & Other Stuff

[mjws00]

Mmm. Mmm good. I took the slower EG train. Done with GU yet or just gonna ride?

[Reaper]

The way I made the 350 pips in one morning was I placed many trades using the 5m/15m/1h TFs looking for M and W patterns with potential profits of 20+ pips. I dont think I can develop the patience to look for 3 day setups using CJ's proper method. I want to but I'm pretty sure my trading style is small quick in and out trades.

[mjws00]

Works just as well on the lower TF. Just a bit more noise to deal with in the patterns. Xrismak is killin it. It is taking me a while to adjust to longer TF as well. You gotta go with what suits you. CJ is scalping the crap out of these pairs while lining up the higher TF. Best of both worlds if you ask me.

[Captain Jack]

If you want to trade these swings, aim for the pins on the tops and bottoms...set SL 5-10 pips above or below the high or low pin and keep swinging....

CJ

[Captain Jack]

Mmm. Mmm good. I took the slower EG train. Done with GU yet or just gonna ride?

I had little fox babies for breakfast today.....

50pips....50pips.....50pips.....50pips.....

CJ

[Captain Jack]

Might not get the full 50 on these sets'....will be watching for the bottom turn....

CJ

[Captain Jack]

The way I made the 350 pips in one morning was I placed many trades using the 5m/15m/1h TFs looking for M and W patterns with potential profits of 20+ pips. I dont think I can develop the patience to look for 3 day setups using CJ's proper method. I want to but I'm pretty sure my trading style is small quick in and out trades.

Use the 3 day cycle to determine which direction to be looking for trades on the 15M....don't trade against the cycle...

CJ

[Reaper]

Works just as well on the lower TF. Just a bit more noise to deal with in the patterns. Xrismak is killin it. It is taking me a while to adjust to longer TF as well. You gotta go with what suits you. CJ is scalping the crap out of these pairs while lining up the higher TF. Best of both worlds if you ask me.

Yeah I think it does. I cant have fluked it, I placed 40 trades over 10 different pairs. I need to go back to that style and see if I can replicate it.

[Captain Jack]

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.

Watch the pattern that appears on the 15M time frame...it's going to be a nice one....and will give you an idea what to expect when it hits the larger time frames...

We just had the stop hunt high and low....they will work it to the center now, back and forth several times...before taking a direction, hours from now....

CJ

[mjws00]

That is such a nice picture of sticking with the plan and punching out, CJ. I did manage to stack em up on EG on the way down. So it's coming. Probably should have let some ride so they could test lower down. But I need a nap and hate retraces.

I think I like staying a bit more focused and just hitting a couple pairs hard vs. watching 20+. No reason why I can't just stack em up on the nicer setups.

Finally a night worth stayin up for.

Ciao.