The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

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

CJ

Mon Capitaine,

It looks like level 3 is not reached yet?

Many thanks CJ..

I believe the stop hunt in this pair, due to the GBP move yesterday, clouds or dirties the pattern in this pair. It is responsible to the correction yesterday. The peak low may have just been reached...

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

Ordering those shoes here...LONG EURUSD, EURCHF, EURCAD and "W"'s appear to be printing on several other EUR pair....

Looking for more than 50 pips on these trades....

CJ

[Captain Jack]

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

CJ

Mon Capitaine,

It looks like level 3 is not reached yet?

Many thanks CJ..

I believe the stop hunt in this pair, due to the GBP move yesterday, clouds or dirties the pattern in this pair. It is responsible to the correction yesterday. The peak low may have just been reached...

CJ

I think I posted a chart a few pages back that had a stop hunt hidden in the "W" pattern...

No large news stop hunts today....out for a few hours....

EURCHF and EURUSD!

CJ

I was thinking about stop hunt too as the root cause..
Merci

[Kruspe]

GBPCHF looks promising

[lhDT]

Yop CJ,

What about that ? I'm short and when I see all those "long" trades I'm becoming a bit confused

[johnsund]

Hi CJ - here is a snap of the H4 NZDJPY. Have 5 pins to the high, which would indicate a down move is coming. But, only 3 levels of rise. So we would anticipate another level of rise, correct? Also, if the current 5 candles were after a 3rd leg is formed, where would you enter? At the break of the lowest wick in the group or some other point.

[lhDT]

Yop CJ,

What about that ? I'm short and when I see all those "long" trades I'm becoming a bit confused

Closed my shorts for +27 & +6 and opened a long.
That's a "W"

[Mescalitofx]

beginning to see more

my profitfactor is 11.89 now doing 40 trades.

hard to break the record of CJ, but if i can keep it like this, i am very happy.

still fighting to stay longer in the trade. i need to get acostumed to get so much pips from the tables. when i get 2 % i prefer to bailout and take my profits.

drowdown was max 0.25 % and the gain 3.08 (for 3 weeks)

Next step: persistence do the same month by month....

the spread monitor is a cool thing since you see if it was the fox triggering it.
look arround marketclose(1 min before) spread widening.

another nice effect on the GBPJPY, i saw several spikes down of 80 pips. foxy pushing till TL and going back up. with a spread increase the last days.... cool. seeing troughing the smoke litle by litle...

[sdouglas3]

What an eye opening fox hunting thread. Been lurking the first 112 pages of this thread.

Demo'd on Empty4 last night on 5 min chart. Two words? I sucked. First, being on a 5 min chart doesn't work (for me). Second, I kept placing trades anticipating with what I thought was a M or W. The smaller time frame I think skewed my look on the market.

Lesson learned: Use higher time frame, 15 minute minimum. For me, I have to zoom out the screen to see the chart on a bigger scale. This helps me see where the fox is going eat next.

Will give it another go! Bet my numbers will improve. Glad it was a demo account.

[lhDT]

Demo'd on Empty4 last night on 5 min chart. Two words? I sucked.

All you got below M15 is pain and suffering !