The Captains Chest - Naked Trading & Other Stuff

[Staedtler]

But if there was, it might look something like this....

CJ

I'm matching up your post here with current price action.. that was pretty accurate.. i think you are the devil :Twisted Evil:

[magdelen]

Had the day off work yesterday, just thought i would concentrate on one pair the GBP/USD
took trades just of the pins 10 trades, 8 winners 2 losers and one of those i had to close out because
i was going out and i like to nurse my trades.This is demo will go live after 100 more trades.

[Staedtler]

why do you guys trade on such small time frames ? is it easier to see the pins or patterns you are looking for ?

[Captain Jack]

But if there was, it might look something like this....

CJ

I'm matching up your post here with current price action.. that was pretty accurate.. i think you are the devil :Twisted Evil:

The "devil's" on the other side of the glass my friend....and I see price reflected in his eyes......

CJ

[Captain Jack]

Had the day off work yesterday, just thought i would concentrate on one pair the GBP/USD
took trades just of the pins 10 trades, 8 winners 2 losers and one of those i had to close out because
i was going out and i like to nurse my trades.This is demo will go live after 100 more trades.

Looks like you've been "pinning" some nice profits to your account there! Nice work!

CJ

[Captain Jack]

Price is starting to move out of the Asian range on some of the pairs now...should be some stop hunts setting up... 3-3:30am EST is the market maker change over period between Asian-London....next hour gets interesting....

CJ

[Captain Jack]

Taking a shot on very high R:R trade here..... AUDCHF

CJ

[Captain Jack]

Looks like the stop hunt is over on this pair....AUDUSD.....

CJ

[magdelen]

why do you guys trade on such small time frames ? is it easier to see the pins or patterns you are looking for ?

i always look at the 1day 4 hour and 1 hour before dropping to 15 min, i like to get the overall picture
before taking the trade and you can only see that on the bigger time frames, i then scalp the 15 mins on the overall direction and pullbacks

[nicoacademia]

Hi Captain.

what do you think of the Yen pairs now?

They have formed an M shape. they did this yesterday n it dropped somemore.

However overnight we had the big pin to the left.

Your thoughts?

Smaller M into a bigger W?