The Captains Chest - Naked Trading & Other Stuff

[Kruspe]

Yop, you´re absolutely right. This consolidation zones are still "black boxes" for me and I try to learn, how to recognize some sign which could tell me what´s in the box and how I could profit from it. What is breakout, what is false breakout etc.. I believe it´s only matter of time. Thanks again CJ

[Captain Jack]

Yop, you´re absolutely right. This consolidation zones are still "black boxes" for me and I try to learn, how to recognize some sign which could tell me what´s in the box and how I could profit from it. What is breakout, what is false breakout etc.. I believe it´s only matter of time. Thanks again CJ

Finding those boxes is finding the levels. Once you locate the levels, you have good idea as to where price is going to go, once it leaves the level. That's the key....

CJ

[nicoacademia]

Yop, you´re absolutely right. This consolidation zones are still "black boxes" for me and I try to learn, how to recognize some sign which could tell me what´s in the box and how I could profit from it. What is breakout, what is false breakout etc.. I believe it´s only matter of time. Thanks again CJ

Finding those boxes is finding the levels. Once you locate the levels, you have good idea as to where price is going to go, once it leaves the level. That's the key....

CJ

is this box of consolidation referring to the "accumulation" phase in this material you teased them with?

consol -> stop hunt -> drive/profit

120324 captain jack(learn this pattern).png

[Captain Jack]

OT.. I noticed my nick changed color, what does it mean ?

That generally means that Mr. Hopwood has seen fit to promote you to the "Battle-Scarred Veterans" group....

CJ

[Captain Jack]

Yop, you´re absolutely right. This consolidation zones are still "black boxes" for me and I try to learn, how to recognize some sign which could tell me what´s in the box and how I could profit from it. What is breakout, what is false breakout etc.. I believe it´s only matter of time. Thanks again CJ

Finding those boxes is finding the levels. Once you locate the levels, you have good idea as to where price is going to go, once it leaves the level. That's the key....

CJ

is this box of consolidation referring to the "accumulation" phase in this material you teased them with?

consol -> stop hunt -> drive/profit

120324 captain jack(learn this pattern).png

Yes, the consolidation phase or box is where they are accumulating orders for the next phase....does that pattern from over a year ago look familiar??

CJ

[Captain Jack]

Hey CJ and all other fox hunters, have a great Easter Weekend

Thanks! Hope you have a great Easter as well.

CJ

[nicoacademia]

Yop, you´re absolutely right. This consolidation zones are still "black boxes" for me and I try to learn, how to recognize some sign which could tell me what´s in the box and how I could profit from it. What is breakout, what is false breakout etc.. I believe it´s only matter of time. Thanks again CJ

Finding those boxes is finding the levels. Once you locate the levels, you have good idea as to where price is going to go, once it leaves the level. That's the key....

CJ

is this box of consolidation referring to the "accumulation" phase in this material you teased them with?

consol -> stop hunt -> drive/profit

120324 captain jack(learn this pattern).png

Yes, the consolidation phase or box is where they are accumulating orders for the next phase....does that pattern from over a year ago look familiar??

CJ

yeap. teh foxes are still using what works most of the time.
eurjpy 15m chart has that same pattern(pay off probably comes tomorrow or next week).
i think they've set alot of things bullish in the yen pairs.

[Kruspe]

Yes, the consolidation phase or box is where they are accumulating orders for the next phase....does that pattern from over a year ago look familiar??

CJ

Yes.. maybe I didn´t say it correctly.. I know what happens in box, but I try to find out how to recognize what will happen when price will go outside the box

[SteveHopwood]

CJ, what can I say?

Generosity such as you have shown here is rare these days. I am humbled that you have chosen to share your expertise with so many here, so selflessly. The time you have devoted here is epic.
Can't remember when, but sometime last week, or over the weekend, or something, I read the first 20 pages of this thread, then hoped I could keep up in lazy man's style by cutting to what was then the end. Last week and Mon-Weds this week were busy for me as a pianist, and I was hoping to cut corners.

I quickly realised that I did not understand: RRT; 2nd leg of M and W patterns - a tad crucial to a lot of the discussion here. Yesterday, I decided to forget trading and coding and read the thread properly. Damit, I ought to know by now that cutting corners does not work, but didn't stop me trying. Hey ho.

It has taken me a day. Granted, I have skimmed the last 40 pages, but at least I know what a RRT is now.

Reading through this thread, some other contributors have emerged as being particularly helpful. Your names have changed colour to that of the Battle-Scarred Veterans group. The purpose of this is to show newbies that your express opinions that can be respected and show an understanding of trading Forex that is denied to them at an early stage in their experience.

CJ, you have mentioned that you might start a BARF thread. We cannot expect too much of you; do not feel pressurised by having nearly 7,000 traders (minus spambots, of course) hanging on your every syllable. I mentioned earlier that I will open up your own sub-forum a la Bob this weekend, and move this thread there (I will send out a heads-up when I do this folks). Your potential Barf thread will find a happy home there.

On a side note: Interesting to note, is it not, that previously banned members think enough of what you are offering here to find a way to slink back in through the back door and continue to benefit from your expertise. For my part, I will allow them to remain members so long as they keep their heads down and their mouths shut. What you do about them in your own thread is up to you.

So, thanks again CJ. You are a star.

[hodgires]

Hi Captain, i have been getting alot of nice trades following your style. I see already that my hit rate has improved...thank you very much, may the good Lord bless you and your loved ones . I will keep practicing till i can trade it like you. Happy Easter.

Rich