The Captains Chest - Naked Trading & Other Stuff

[daje]

Hey CJ

Enjoying the thread. Just want to share a tip i use when looking for reversals. These are minigaps. The 5 min USDCAD chart shows up volume is patchy and light with MMs haveing trouble fading in the direction they want to go. Whenever I see a minigap i expect it to be filled within the session. Some brokers close these gaps in the charts so they get hidden quickly, watch out for that as well. Hope its handy, cheers

[Captain Jack]

Hey CJ

Enjoying the thread. Just want to share a tip i use when looking for reversals. These are minigaps. The 5 min USDCAD chart shows up volume is patchy and light with MMs haveing trouble fading in the direction they want to go. Whenever I see a minigap i expect it to be filled within the session. Some brokers close these gaps in the charts so they get hidden quickly, watch out for that as well. Hope its handy, cheers

Thanks for the input Dave. I find myself moving up in time frame more than I do dropping down to the 5M. I'll check it out sometimes if I see something I'm not familiar with on a higher and want a more detailed look at it.

Every tiny little bit of info or trick might just be the one to make or break a trade. Keep them coming!

CJ

[Logs]

Thanks Cap'n. While I was over at the other place, (that shall not be named) I couldn't help taking note of a script that could possibly help us lesser mortals until we aspire to at least some of your skill and reflex action on reversals.
'Close all on chart and reverse'. Not for the faint hearted but when the blood is up and the fox turns in full flight the other way, ...............trainer wheels perhaps? This is a bit beyond my expertise at the moment, but I'm working on it.
Great thread and many thanks to everyone.
"Gives you a whole new way of looking at the day" Billy, Easy Rider, 1969

http://www.forexfactory.com/showthread.php?t=309461
nn.V2

[Captain Jack]

Looks like it's gonna be another one of those days....yesterday was a Pound kinda of day...today, it's starting out like a EUR day...

GBP "news" due as well in 30min....

CJ

[Captain Jack]

Thanks Cap'n. While I was over at the other place, (that shall not be named) I couldn't help taking note of a script that could possibly help us lesser mortals until we aspire to at least some of your skill and reflex action on reversals.
'Close all on chart and reverse'. Not for the faint hearted but when the blood is up and the fox turns in full flight the other way, ...............trainer wheels perhaps? This is a bit beyond my expertise at the moment, but I'm working on it.
Great thread and many thanks to everyone.
"Gives you a whole new way of looking at the day" Billy, Easy Rider, 1969

http://www.forexfactory.com/showthread.php?t=309461
nn.V2

Those come in handy too...especially when the market is moving fast. I think the Cowboy IBFX platform comes with some nice scripts that work very well...

CJ

[Captain Jack]

Chalk up the "RED" to operator error....I really need to rename my scripts as the BUY and SELL sit next to each other in the window....costly mistakes....still making them....

CJ

[Captain Jack]

Keep an eye on EURCHF and EURCAD...if price returns to the lower level, forms the 2nd leg of the "W", the trade should run for a couple days...I'll be LONG both pair....

CJ

[Jemook]

Looks like it's gonna be another one of those days....yesterday was a Pound kinda of day...today, it's starting out like a EUR day...

GBP "news" due as well in 30min....

CJ

That statement is the stuff of legends mate. How many lots do you trade on average a month?

[Captain Jack]

Looks like it's gonna be another one of those days....yesterday was a Pound kinda of day...today, it's starting out like a EUR day...

GBP "news" due as well in 30min....

CJ

That statement is the stuff of legends mate. How many lots do you trade on average a month?

Check your PM....

CJ

[casapips]

EURGBP....new peak low....

CJ

Mon Capitaine,

It looks like level 3 is not reached yet?

Many thanks CJ..