The Captains Chest - Naked Trading & Other Stuff

[kwanann]

Haha figured you would take those trades! Missed the ride this time round, but hey there is always tomorrow!

Oh yeah, I am assuming you don't trade all pairs. You might want to load those pairs you trade on a tick chart. I've been doing that for a while and seriously that can tell you almost to the exact moment when price turns. I.m using 133

Anyway thanks for the screenshots, you have just turned the light back on for me

[xrismak]

Kwannan,

I hope You Understand what I mean . I Exit all the Profitable trades first then I look left and Right and if the Tide looks good I jump in Again for more and Get out fast with a few more Crumbs before the Tide Changes.
[attachment=0]Going for More 1.png[/attachment



Happy Trading Y'all

xrismak

[kwanann]

Xrismak,

Yes those screenshots that you posted was just what the doctor ordered. I got it previously and for some strange reason lost my way.

In fact I believe it works with either h4 or h1, the choice is entirely yours. I stuck to h1 back then due to all the gmt differences, buts it's all the same. You can also always validate by dropping to m15 for entry

For exit points, always remember the standard rule, 3 pushes, 3 levels on m15 is generally the limit, so no need to hurry and close it on the first push, wait a while more, unless you see the brakes being jammed

And for those that still cant figure, gbpusd and eurusd are now on uptrend, targets will be previous daily highs

[pips400]

@xrismak truly impressive well done.

With the EURUSD today I think there's something I can learn from the way you traded it. I went short and took a hit, because I saw previous resistance being tested again, and the last two times Fox has taken stops to go short. You obviously got this one right because you're seeing something I'm not. Could you share the reasons for going long on the EU today and why going short was a bad move?

Hope the pizza was great, yum

Pips400

EURUSD-30-May-2013.jpg

[mjws00]

Should fox decide he has enough volume already to run north, I will join him.

So they had what they needed and didn't give trapped shorts any chance. Nice easy counts here so far on this TF. For me this swing trade was the W out of the 3 day cycle. 1.2860 - 1.3095. Should still be a nice day trade left. Possible that this move gets extended to 1.3170, but it might pull back first.

If the scalp showed up, I'd take it south to 1.2975ish and reverse. W after stop hunt ~1.3000 is good. BO Long after little bit of Asia tiny dance decent R:R, imho as well. But any good impulse up can have the brakes slammed on, so keep your head in the game.

So the intent is to see what tools the fox might use and where, then just tag along with whatever he pulls. Unfortunately unless he gets it done early LON I will be sleeping. I missed the swing up, and the swing short isn't there yet.

My 4H count on last chart needs to include prior HH as L1 to get a 4H 3 level cycle. Either way we were looking to get long Tues/Wed. Pretty much a picture perfect bottom was put in.

Hopefully one of these days the 4H+ times will start to click. It took 12 days to put in this turn. I like waiting a few hours.

Mike

[kwanann]

@xrismak truly impressive well done.

With the EURUSD today I think there's something I can learn from the way you traded it. I went short and took a hit, because I saw previous resistance being tested again, and the last two times Fox has taken stops to go short. You obviously got this one right because you're seeing something I'm not. Could you share the reasons for going long on the EU today and why going short was a bad move?

Hope the pizza was great, yum

Pips400

EURUSD-30-May-2013.jpg

Pips, actually if you were to look at the gbpusd chart I posted before this, you would have seen it as a SH. Push it to HH, pin it, bring it down, let peeps think that way, slam the brakes, stuck it in the middle to torture everyone for a while then up it goes.

Also like mike posted, the w and l1 push yesterday pretty much sets it up for yesterday push and today's finale

[pips400]

Thanks guys for your replies, Mike love your charts/analysis. Seems obvious now looking back. Prescription - another 100 hours chart time and try again. LOL

[kwanann]

1K pip day from USDCHF, there's more on the table, i'm going back home so i'm taking my trades off

Now is a good time to enter if you wish. I've entered another position at 0.95254, SL at 0.95960, TP at 0.94836

Worse case scenario, i return half my profits back to the fox, best case

Note the Trend trade as well as the SH trade, ignore those eur and gbp trades

[xrismak]

Peeps,

Just My Own Trade Analysis for this Currency Pair, I might be wrong but Most Times I Usually Get it Right.

Happy Trading Y'all.

xrismak.

[seanyd]

I have just figured out were I am going wrong :!:

I have been trading the stophunts and wrong directional false moves all along and making 20 - 30 pips profit
off them

I`ve turned my free £10 sign up account into £120 doing this trading mini lots , but can`t take any money out because I haven`t put any in yet

Imagine what I could do if I was going in the right direction

It just dawned on me , on that euro trade I posted , why didnt it fall like a stone :

Then I looked back , how many days? , what level am I on ?

I think the lights are finally starting to flicker