The Captains Chest - Naked Trading & Other Stuff

[marts321]

Here's the EURGBP daily chart. it has an almost completed M in the end, it has BARF pattern. A larger M forming in basically all the chart. Weekly chart is painting RR. On 15m we had a completed M yesterday a big drop today to weekly support 1. I think long term looks very bearish for the pair what is your take on this?

I agree this pair looking quite bearish long term, it's been swinging lower. Also there's a gap/resistance and I believe this is the 3 level push/fake of resistance. If I'm wrong please correct.

Edit: Also was watching this and made me think of this thread. From 1:30 shows orange juice trader talking about his strategy, which involves moving the price around (manipulation). More evidence for this deception

https://www.youtube.com/watch?feature=p ... EKcg#t=90s

[jedrula]

EUR/AUD possible M forming

[Gaudium]

Xrismak,

What does it mean turncoat support/resistance? Saw it on your charts. If anybody else can answer, will be grateful.

Green pips,
Martin

[kwanann]

That's just slipshod s/r indicator

[Laundry]

Captain Jack fall over board?

[Captain Jack]

Captain Jack fall over board?

Not at all...still check in from time to time...

CJ

[Captain Jack]

Just wanted to say thanks to those who are trying to help others see the light here. Some of you guys have done great in actually seeing what's going on in the FX markets.

In reading the forums, I see posts from people who can't seem to quite grasp it even though it sits rights in front of them. It's like the name of a person you know, that's on the tip of your tongue, but you just can say it. They still believe that talking heads actually move the market one way or another but in fact, they are like the smoke screen that the infantry uses to maneuver on a battlefield. It's the cover that the Fox uses and it's he who moves the price, not the talking head.

But to each his own...whatever works for each trader to make them profitable is what matters.

Good luck and good trading to all.

CJ

[kwanann]

Cj has achieved his objective with this thread. What else you do you want from him? A signals service?

K

[CCCGAMING]

look what happened on USD pairs... in one day.. they already done with the profit talking... most people think of a downtrend.. then all the sudden.. BAM!!! 1 BIG h4 candle appear with the news to cover their asses....

sneaky fox

[xrismak]

look what happened on USD pairs... in one day.. they already done with the profit talking... most people think of a downtrend.. then all the sudden.. BAM!!! 1 BIG h4 candle appear with the news to cover their asses....

sneaky fox

CCCGAMING,

If you know what you are doing, you will snag the Fox most times, no matter how the fox tries to Con You.


Happy Trading Y'all
xrismak.

eur-usd 16-07-13 Am Trades.png