The Captains Chest - Naked Trading & Other Stuff

[bluedog23]

aud jpy h4.gif

aud jpy m15.gif

AUD/JPY looks strong tonight. Looks to be on first move up. Just an idea.

Yep, think I will wait for the dip to form the W, just to convince me and give me a better entry. if it just goes up I will catch wave 2 or 3.

Larry

Yes I hit it a little late (or early depending on ones perspective) so I am also watching to see if it tests the lows.

[lhDT]

AUD/JPY looks strong tonight. Looks to be on first move up. Just an idea.

For AJ I got a short alert at 97.97.

[macman]

Unfortunately, Steve forum does not have the functionality to find attachments within a thread, the same as FF forum, which is why there are many repeat request for indicators that may not be in Post #1, unless I am missing something, please enlighten me

Snowman, you probably already know about this, but Steve has a place for Utilities, Indicators, & Scripts

Yes, that is great, but for me, can't beat the functionality of being able to simply click on the "paperclip" method at FF and the pop up window shows all attachments within that thread; as I said before, if you haven't used that it don't understand it, I will not be able to explain it to you.

The difference is the software running this forum is, I believe open source (without cost). The board used over at FF is very expensive and does have some extra features like the Paperclip.

The open source software used here means that there are no hidden agendas going on, as nobody has to pander to the wims of advertisers who want to control content.

Agreed, it may be slightly harder to navigate this rapidly expanding forum sometimes, but the quality of the information available more than makes up for that IMHO.

Good trading to all
macman

[kwanann]

AUD/JPY looks strong tonight. Looks to be on first move up. Just an idea.

For AJ I got a short alert at 97.97.

actually there are many ways to play this, you can look at it as a 3 step up, the jump being the first step and now is the accumulation cycle.

you can also play off the M for up and down, but it might not give alot of pips

no one is right or wrong, its just a matter of perspective


My 10c:
I've been concentrating purely on Yen since Jan 2013, and from what i see so far, its being poised for a huge uptrend, take a look at all the charts, the monthly follows a pretty standard uptrend, daily shows a reversal candle a few days ago and H4 is showing a very big W with this being the last leg of the W.

[Reaper]

Might be Ws forming up on EURAUD/GBPAUD.
Might be Ms on AUDUSD/NZDUSD.
Might be Ms on AUDCHF/CADCHF.

Anyone else concur?

[kwanann]

Might be Ws forming up on EURAUD/GBPAUD.
Might be Ms on AUDUSD/NZDUSD.
Might be Ms on AUDCHF/CADCHF.

Anyone else concur?

EURAUD looks like a W, or the starting of a 3 day cycle. it has went thru 3 cycles. but the RRT does not look too strong

[bluedog23]

AUD/JPY looks strong tonight. Looks to be on first move up. Just an idea.

For AJ I got a short alert at 97.97.

actually there are many ways to play this, you can look at it as a 3 step up, the jump being the first step and now is the accumulation cycle.

you can also play off the M for up and down, but it might not give alot of pips

no one is right or wrong, its just a matter of perspective


My 10c:
I've been concentrating purely on Yen since Jan 2013, and from what i see so far, its being poised for a huge uptrend, take a look at all the charts, the monthly follows a pretty standard uptrend, daily shows a reversal candle a few days ago and H4 is showing a very big W with this being the last leg of the W.

Exactly, I played the move off consolidation and it is still looking good. It could have been played as a short earlier. Depends upon ones time frame and anticipated holding period.

Your observation on the yen is interesting, I will have to take a closer look at that one this evening.

[bluedog23]

eur jpy h4.gif

Here's a look at the EURJPY; which way do you think it's going?

[Reaper]

eur jpy h4.gif

Here's a look at the EURJPY; which way do you think it's going?

I'm scared of JPY pairs lol.. I dont really see a great W, there is a hint of a H&S pattern tho. Unsure on that one.

[lhDT]

Here's a look at the EURJPY; which way do you think it's going?

I woud say, it's a bit early to go long. My long lvl is around 119.20.
Daily looks good for a bounce to north, you just need to be able to absorb a 90/100 pips drawdown. Anyway, market will decide.