The Captains Chest - Naked Trading & Other Stuff

[odellcash]

Sorry to post a stupid question, what do you guys use to annotate your chart?

I use "Jing" Its free, but limited. They also make a nicer paid version called "snagit" I'm sure there are plenty of others.

Re USDCAD and USDCHF. I think both of these look about ready to move up. But USDCHF confuses me a bit. My thoughts below and comments are below. Comments and critiques appreciated.

[kwanann]

Quick note, since both of them is a BUY USD, any news that affect USD should move both of them (i.e double the risk)

For both of them, looks like a W forming. USDCAD not really a true W, but both have the same pattern.

Notice also the volume is more or less at rock bottom.

There is a chance to do multiple entries, but i'm taking it slow today as i returned my gains back to my broker due to an excessive sized trade (got about half of it back, but its a damper still)

[swisscheese]

Good morning everybody
My Entries weren't that bad yesterday

DD on EURUSD was 25 Pips

Have a good Day
Edi

[swisscheese]

Nice Pin

I'm not clear why you went for a buy here. This looks to have been 2 pushes long so far, expecting a third to come, at which stage we should be looking out for an 'M' to set up for a short - what am I missing?

I can't speak for Edi bbut I can tell you why I shorted this pair.....

CJ

Hi

This Pin told me that on this level the buyers are taking control and don't want this pair go lower.

Edi

[swisscheese]

Could we expect third push down? Usd/Chf

Hi Kruspe
I like your Charts a lot, very clear and reduced to the max.

I would say yes (if not already hapened).

Cheers
Edi

[Pueo]

Hi CJ,

I have a question regarding your approach to watching the charts and staying organized trading so many pairs and timeframes.

How many screens do you use typically?
Do you have smaller windows open for lots of pairs to monitor moves in realtime (and the market as a whole) or do you keep checking each individual chart & timeframe every so often?

Thank you so much for all that you are sharing!

[swisscheese]

I give it a try
we will see
Edi

[Reaper]

I think AUDNZD has hit bottom and may be ready to go up. What you guys think?

[kwanann]

I give it a try
we will see
Edi

haha interesting, i took the opposite direction, with SL pegged at last hour's lowest low

[swisscheese]

I give it a try
we will see
Edi

haha interesting, i took the opposite direction, with SL pegged at last hour's lowest low

Look at the upper wicks on the 4hTF

Edi