The Captains Chest - Naked Trading & Other Stuff

[mobthehop]

CJ,

1. Results for last couple of days attached
a. disregard profit on March 20 which was left-over from a previous longer term entry
b. loss March 22 - got the three push count wrong and pulled the plug..... dumb!
c. I am trading with pipstep 20 at 0.2 lots & limit myself (more or less) to AU, NU, EG, EU, GU, AJ, EJ, GJ, UJ for a long while but could never achieve consistent profitability as my entries were all over the place...

2. Have attached 2 charts - are the respective push counts correct, or are intermediate pushes that terminate at similar level not counted as a separate push?

3. I enter / trade off H1 and H4 for the "usual suspects" but still have issues to determine when a move is over, probably as I still cant get the push count right. Meanwhile switched to M15 / H1....

2. Is the present PA on AJ or CJ (0800 EDT) to be considered a stop hunt? or reversal?

My hit rate has improved considerably after digesting your approach - thank you very much!

Mop

[websie]

I have this on USDJPY daily, am I correct in thinking it is forming an M, I am not very good at this yet so hopefully I am now on the right track

[Amit]

GCAD SL hit. EU still holding . Some EJ too.. BTW.. EJ...like GCAD yest has been consolidating in the same range the whole day. So do we still see that as a W ?

[magdelen]

I had to go into work this morning and just come home, i thought i would show you how
i read my book

Page 1. Day 1.
Page 2. Hour 4.
Page 3. Hour 1.
Page 4 Min 15 and ending, love it when i get a happy ending.

[Amit]

Why are you buying CADJ at the end of a three level move ?

That's the place to short IMHO.

CJ,

1. Results for last couple of days attached
a. disregard profit on March 20 which was left-over from a previous longer term entry
b. loss March 22 - got the three push count wrong and pulled the plug..... dumb!
c. I am trading with pipstep 20 at 0.2 lots & limit myself (more or less) to AU, NU, EG, EU, GU, AJ, EJ, GJ, UJ for a long while but could never achieve consistent profitability as my entries were all over the place...

2. Have attached 2 charts - are the respective push counts correct, or are intermediate pushes that terminate at similar level not counted as a separate push?

3. I enter / trade off H1 and H4 for the "usual suspects" but still have issues to determine when a move is over, probably as I still cant get the push count right. Meanwhile switched to M15 / H1....

2. Is the present PA on AJ or CJ (0800 EDT) to be considered a stop hunt? or reversal?

My hit rate has improved considerably after digesting your approach - thank you very much!

Mop

[nicoacademia]

Hi Captain, whenever you see this.

amazing stuff. they've really held it in this range.
sellers at 94.40 area.
yet collecting sellers on spikes down only to bring it up.

your thoughts?

i'm really thankful for being at the right location in the big macro picture.
worst case scenario is they go test the real big Ben pin.93.85 area and below.

no doubt the double weaker US data helped to form this triple top.

Thanks Cap.

130326 usdjpy us session.png

[nicoacademia]

ok. now. now they have shown their hand.

130326 eu ussession.png

130326 usdjpy us session30m.png

edit:wake up wake up theres pips to be made now. i'm jumping on eurjpy.

[mobthehop]

Why are you buying CADJ at the end of a three level move ?

That's the place to short IMHO.

Amit, if you read point 2, you will see that I specifically asked CJ w/r the drawn in pattern on CadJpy was a valid three push - after the fact it looks like it was not, as it moved up another 27 pips or so....

Cheers

[nicoacademia]

they're waiting for london to close. then give it till the last 2 hours of US session.
i'm happy with my positions.
i've seen enough to know.
if they could've they would've but they couldn't cause they wouldn't.

[nicoacademia]

therefore riddle me this.

when was the last time you saw two large buying pins like that.

compare that to the selling pins.
EU,EJ
UJ(2nd buying pin printed at start of tokyo session)

and the EA(euraud) has one mighty pin.

just trying to be objective.
sure we want the market to move and boom. i've been waiting since last monday night.
but we already had a huge flush of the deck/books.
new orders new players new money needs to come in to the wager.

Captain posted that the market makers want to lure both bulls and bears to the same price area so that they can get off as much transactions as they can. and all this pin action shows there have been. it's the work of the Foxes/Wolves.

it's where they make the bulls sell. and the bears buy. where net net the book shows that both bulls and bears swayed from their position(or soon to be when stops get hit) will sell to the MMs(marketmakers) so that they in Captain's words "will accumulate" their position.

edit:(that said the dollar index has found buying at a key point...so i could just be all wrong.)

130326 dxystophunt.png

edit: high pin in for a reason. they will look for lower prices on the DXY.