The Captains Chest - Naked Trading & Other Stuff

[swisscheese]

And this Ladies and Gentleman is my CREAPSHOW...

Lucky me that over all my running trades are doing very well and so I can monitor these 2 trades and decide later what to do with them.

May the Pips be with you guys.
Edi

[swisscheese]

AUD/USD 15M.

Hi kruspe
Your Charts are the Best!

Edi

[bernard]

For now my steps are

1. Look at all charts DAILY TF, see if there is any pin bars

2. For those DAILY TF pin bar, look for confirmation in H1, usually there will be,...........
.............

Hi Kwanann,

Nice summary and piece of advice.
Can you please elaborate on "look for confirmation in H1"?
What kind of confirmation are you looking for?
Moving from Daily TF to H1, you are looking at 24 bars.
Thanks
Bernard

[swisscheese]

For now my steps are

1. Look at all charts DAILY TF, see if there is any pin bars

2. For those DAILY TF pin bar, look for confirmation in H1, usually there will be,...........
.............

Hi Kwanann,

Nice summary and piece of advice.
Can you please elaborate on "look for confirmation in H1"?
What kind of confirmation are you looking for?
Moving from Daily TF to H1, you are looking at 24 bars.
Thanks
Bernard

That's what I do

Daily=Pinbar
4H = Wicks and Levels
1H= Wicks, Levels and/or W or M
15Min.= W or M

The Entry should be much lower than mine right now!!!!!

Cheers
Edi

[Sequoia]

That's what I do

Daily=Pinbar
4H = Wicks and Levels
1H= Wicks, Levels and/or W or M
15Min.= W or M

The Entry should be much lower than mine right now!!!!!

Cheers
Edi

Thanks for your summary , I will follow this steps.
You are making really good entries, thanks for sharing your charts.
---
I have been a memeber (lurker by the moment couse nothing to colaborate with yet) at this educational content at "RTM"- Read the Market, by some great exmembers of FF you may already know, I just thought of sharing this link http://readthemarket.com/index.php/educ ... -candle-pa is about "Price action in Key levels".

This could bring some extra info to handle Pins and other PA patterns we use here.

(Steve I hope this doesnt brake any rule, i think this could enrich this thread, if not please, delete this post, or I can inmediately delete the link, thanks for this great Forum by the way !!!)

[kwanann]

For now my steps are

1. Look at all charts DAILY TF, see if there is any pin bars

2. For those DAILY TF pin bar, look for confirmation in H1, usually there will be,...........
.............

Hi Kwanann,

Nice summary and piece of advice.
Can you please elaborate on "look for confirmation in H1"?
What kind of confirmation are you looking for?
Moving from Daily TF to H1, you are looking at 24 bars.
Thanks
Bernard

That's what I do

Daily=Pinbar
4H = Wicks and Levels
1H= Wicks, Levels and/or W or M
15Min.= W or M

The Entry should be much lower than mine right now!!!!!

Cheers
Edi

Haha Edi, unfortunately i went for lunch and just came back so missed out on that one, darn!
(Scalped it for a few pips )

Closed all my trades about 3 hours ago for some profit. Now looking at new trades

As for what to look out for, mine's similar to edi's

Daily - Pinbar, the more the merrier, look at all the JPY pairs, notice the pin bar at the top, that means its poised for a drop. Sure you can CT trade, but just have a tight SL and BE (e.g notice the pin bar forming in the H1 which tallies with a previous candle)

H1 - Highest High or Lowest Low, Pin bar is best, else some from of RRT, M, W etc

M15 - Usually confirmation for H1, i rarely trade off the M15 i.e M or W

For trades that are near the 960MA on the H1, i will use the 960MA as the guide, if they are too far away, the D1, H1 and M15 criteria applies.

As for the non scientific part, there is also my gut instinct, if i don't feel right, i won't place that trade.

[swisscheese]

And this Ladies and Gentleman is my CREAPSHOW...

Lucky me that over all my running trades are doing very well and so I can monitor these 2 trades and decide later what to do with them.

May the Pips be with you guys.
Edi

I want my money back
Closed those trades today and antered later again
aaaaah my patience is inexistend....
Cheers
Edi

[kwanann]

That's what I do

Daily=Pinbar
4H = Wicks and Levels
1H= Wicks, Levels and/or W or M
15Min.= W or M

The Entry should be much lower than mine right now!!!!!

Cheers
Edi

Thanks for your summary , I will follow this steps.
You are making really good entries, thanks for sharing your charts.
---
I have been a memeber (lurker by the moment couse nothing to colaborate with yet) at this educational content at "RTM"- Read the Market, by some great exmembers of FF you may already know, I just thought of sharing this link http://readthemarket.com/index.php/educ ... -candle-pa is about "Price action in Key levels".

This could bring some extra info to handle Pins and other PA patterns we use here.

(Steve I hope this doesnt brake any rule, i think this could enrich this thread, if not please, delete this post, or I can inmediately delete the link, thanks for this great Forum by the way !!!)

Interesting link, but my reasoning for the charts will be different from what is presented

First image: The highlighted parts is a stop hunt taking place, notice how once the SH is done, price returns to what it was before

Second image: Honestly, looks like a M15 chart of an asian session

Third Image: Accumulation, Stop Hunt, trend of the day (notice its going up before, and the fox has been putting long positions as well as short positions)

Fourth Image: This one reminds me of what the JPY pairs look like yesterday, M on the top

Fifth Image: Asian session, notice the bottom wicks, a few candles of similar wicks means its time to travel in the opposite direction

[swisscheese]

For now my steps are

1. Look at all charts DAILY TF, see if there is any pin bars

2. For those DAILY TF pin bar, look for confirmation in H1, usually there will be,...........
.............

Hi Kwanann,

Nice summary and piece of advice.
Can you please elaborate on "look for confirmation in H1"?
What kind of confirmation are you looking for?
Moving from Daily TF to H1, you are looking at 24 bars.
Thanks
Bernard

That's what I do

Daily=Pinbar
4H = Wicks and Levels
1H= Wicks, Levels and/or W or M
15Min.= W or M

The Entry should be much lower than mine right now!!!!!

Cheers
Edi

Retest?

[kwanann]

Retest?

Doubt so, look at the D1 candle floored already