The Captains Chest - Naked Trading & Other Stuff

[eltax100]

The EJ looks like going south on wk and MN long daily, very range bound on 15m ???

[lhDT]

Just went long EUR/NZD on the "W".

[kwanann]

eur jpy h4.gif

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

Err... Never buy off the tops..

[Kruspe]

Hi guys,

today was a nice M pattern on AJ.. false Asia range breakout -> then M pattern with pin (btw look at volume and spread widening after pin)

[Fable]

Hi guys !

Here is my following story tell by the fox about the EU (cfr my previous posts http://www.stevehopwoodforex.com/phpBB3 ... start=1830).

Has you can see the W I spot yesterday didn't held, PA went right back to his previous trend lign (the fox paint us this nice trend lign, in green on my chart).

I suspect a nice H&S, let see if we have a nice M forming with nice pins.

I'll really appreciate any opinion on this

Very best regards,


Fable

ps: @Kruspe: could you post better volume and your spread indi ?

[Kruspe]

Kruspe: could you post better volume and your spread indi ?

Of course, here it is.

[stevelacoste]

Hi guys !

Here is my following story tell by the fox about the EU (cfr my previous posts http://www.stevehopwoodforex.com/phpBB3 ... start=1830).

Has you can see the W I spot yesterday didn't held, PA went right back to his previous trend lign (the fox paint us this nice trend lign, in green on my chart).

I suspect a nice H&S, let see if we have a nice M forming with nice pins.

I'll really appreciate any opinion on this

Very best regards,


Fable

Hi how do I get it to look like yours spread indi

Thanks Steve

ps: @Kruspe: could you post better volume and your spread indi ?

[oconnor365]

Just went long EUR/NZD on the "W".

Hi Lioh...worked out very well...hope you stayed in...by the way is that Al Brooks book any good?

[bernard]

Got caught in fox trap on aud/usd still in ...... adding positions taking small profit
any advice for when your trade goes the wrong way ?

Exit . Never add to a losing trade . Never try and hedge. Live to fight another day

Excellent advice, Amit
when your trade goes the wrong way:
1- Find out why you chose the wrong way to be a lesson for your nex trade (easy said than done!).
2- Exit if you are certain.
3- Reverse if #2 above is true.

Here is a Reverse script that closes your trade and opens the same in opposite direction. (only for the pair that you drop the script on).

Bernard

[seanyd]

Got caught in fox trap on aud/usd still in ...... adding positions taking small profit
any advice for when your trade goes the wrong way ?

Exit . Never add to a losing trade . Never try and hedge. Live to fight another day

Excellent advice, Amit
when your trade goes the wrong way:
1- Find out why you chose the wrong way to be a lesson for your next trade (easy said than done!).
2- Exit if you are certain.
3- Reverse if #2 above is true.

Here is a Reverse script that closes your trade and opens the same in opposite direction. (only for the pair that you drop the script on).

Bernard

Thanks for the script

On this occasion I was wrong to exit (story of my life but hey thats forex)
I keep think this is only a spike will reverse soon ..... then 30 pips later i`m still in the trade with 3 positions
open .
After reading CJ`s thread and all of Steve and Nanning Bobs work , i`m trying to trade like them no stop loss and multiple positions , what goes up must come down.
It has worked in the past and failed miserably too( I actually traded like this on a non farm payroll day lol before I knew what it was lol). So that is the risk,
also what is this recovery trading I keep reading about I assumed that this is what it was ?

I also was thinking that this was contrary trading (don`t trade like the way the foxes want but opposite)

Please correct me if I am way of base here .