The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

Let me make one thing clear. The information and concepts that I have put forth here are not a "system". It is my understanding of the Forex markets and how they work and who controls them. This is an unregulated market. Understand that. There are very few limits in this market, one being how far a market maker can move price, on average, every day. Talking heads, fundamentals, technical conditions, news events or economic news do not move the market. They are excuses for those who do, to push price great distances over short periods of time. News, be it economic, fundamental or otherwise in nature, is known to "somebody" before it is news to the public. Banks know the news before it is news. So to say, when a talking head provides what is already known, to the public, is what causes price to move is ridiculous. The public does not move price. It is nothing more that the trigger that is pulled to launch the bullet. These are known events to those that control price. I won't get into a pissing contest with anybody on this as these are my views. They are set in stone, my trades and my results are based on these. Others are more than welcome to disagree and their trades and results will show, based on their beliefs. If you are profitable, great. If not, perhaps it is time to consider another way of looking at the market.


It seems there are a lot of people who confuse central banks with market makers. They are not the same and the rule of price movement does not apply to them. The currency of the worlds nations are nothing more than promises to pay, they are in truth worthless. After all, what true value does a piece of paper have when you can have your nations printers create them at will, out of ordinary ink and paper? When a central bank intervenes, which they love to do when things get too speculative with hedge funds, price can move 1000's of pips in minutes. They are the ultimate predators in this market and when the sharks, foxes and other predators get to out of hand, it is the banks who devour them.

Understand clearly that the tools these "somebodies", who I refer to as the Fox, use to move price are also limited. They continue to use the same tools over and over again, because they work, over and over again. That is why patterns repeat over and over again. I have seen discussions in other threads about the predictive power of the Fox. The Fox doesn't predict price movements, the Fox creates price movements. HOWEVER, I do believe that price direction and movement can be predicted and I have done this in the past many times, showing direction, chart patterns and at times individual candles or concise shapes that the moves will take. I have done it early in this thread as well as numerous time in the BARF thread that was ported here from FXAW. There was much information deleted, by me, from the BARF thread that was directly related to price prediction. The reason being was that no matter how often I predicted price or a pattern, which came to fruition, people would say, "I saw it with my own eyes, but I don't understand how you did it." In essence, no matter how much time or effort I put forth in showing people how and why price can be predicted, their beliefs and closed minds prevented them from "seeing" what occurred right before their eyes. I have long since dropped those teachings as I have no time for dealing with people who cannot fathom such a change in their beliefs.

People have asked about my absence here. What more can I say? What more can I show you that I have not shown already? I have been offered more money than you will ever know to trade funds, private accounts, PAMM accounts or for offering signals. I have no interest in taking responsibility for other peoples money. I have no need for the money offered as I can trade my own accounts and acquire what I need in this manner. I have no need to provide verified results as I don't sell anything. I have no need to sign up for a service that offers me capital to trade in exchange for partial profits. I don't endeavor to be a rich man. I have what I need and am comfortable in my life. There is a pic provided to one of my sweep accounts. I have 6 trading accounts including equity accounts.

Anybody who trades this market should have goals for their trading. Why are you trading and what is your goal for trading? If you think you are going to open and account with $500 and retire in 6 months, save your $500 and buy a new tv. Most people who trade small accounts, end up making pennies on the hour IF they make a profit, were you to add up all the hours they spend looking for systems and ea's, trying this indicator and that indicator, reading, demo trading and all the other things that most, if not all of us have done. Everyone of you reading this should take a long look at the time you invest and what you receive for those hours. Seriously.

I have also seen a lot of people who's systems have taken a hit lately due to so called market volatility or seasonality. There is so such thing. There is only price and the actions and directions that price takes. So much has been made of the predictions the Fox makes. What do you think indicators do? They are the ultimate "Great White Hope" of price prediction. They can no more predict what price is going to do today, tomorrow or a week from now than your grandmothers can. ALL indicators are based on the movement of price and only react AFTER price has moved. The people that control the movement of price know this and it is price movement that creates the myth of volatility and seasonality. When you understand this, and start to trade price and only price, volatility and seasonality no longer exist.

Price and only price exists, always has and always will. Price patters exist and always will and they will always exist and repeat themselves.

Best wishes and good trading to all.

John

[kwanann]

John,

If you are willing to share, on average how many hours a day do you spend on screen time?


K

[kwanann]

i got that trade ... i guess im getting it now.. on the m15 its kinda hard on the higher timeframe..

Same thing happens on the higher tf, just that you have to size your expectations accordingly and wait longer most times. Go see my pict over at 101 on the usdjpy trade, that was a very obvious h4 trade

For those wanting to see the pict, here's the link

http://www.stevehopwoodforex.com/phpBB3 ... &mode=view

[Captain Jack]

John,

If you are willing to share, on average how many hours a day do you spend on screen time?


K

It depends, as I spend less time trading in the summer than I do the winter. I may spend several hours one day and less than one the next. It also depends on the time frames I trade. When I'm trading a higher time frame it requires less screen time. Lower time frames may require more but I tend to limit trades to between the London open and NY sessions anymore. This is 2am to 11am for me when I am trading.

When I am not trading, I spend no time on the charts.

John

[kwanann]

It depends, as I spend less time trading in the summer than I do the winter. I may spend several hours one day and less than one the next. It also depends on the time frames I trade. When I'm trading a higher time frame it requires less screen time. Lower time frames may require more but I tend to limit trades to between the London open and NY sessions anymore. This is 2am to 11am for me when I am trading.

When I am not trading, I spend no time on the charts.

John

Wow, isnt that quite an upside down timing for you?

I was actually referring to your M15 trades, H4 and above trades you can practically let them run once you have them on free trade mode

Thanks for the reply, this also seems to be one of the best time for trading for me as well, whether or not i tag the fox or become fox feed is another different story

[Captain Jack]

It depends, as I spend less time trading in the summer than I do the winter. I may spend several hours one day and less than one the next. It also depends on the time frames I trade. When I'm trading a higher time frame it requires less screen time. Lower time frames may require more but I tend to limit trades to between the London open and NY sessions anymore. This is 2am to 11am for me when I am trading.

When I am not trading, I spend no time on the charts.

John

Wow, isnt that quite an upside down timing for you?

I was actually referring to your M15 trades, H4 and above trades you can practically let them run once you have them on free trade mode

Thanks for the reply, this also seems to be one of the best time for trading for me as well, whether or not i tag the fox or become fox feed is another different story

I'm not sure that you didn't read that wrong...seems right to me....

John

[kwanann]

I'm not sure that you didn't read that wrong...seems right to me....

John

Oh i meant it in the sense that typically at 2am people are asleep, not awake

K

[Captain Jack]

Not if they want to trade the London open in the US

John

[Jemook]

John you have a brilliant way with words. I know you won't consider trading others money but would you consider writing a book?

J

[Captain Jack]

John you have a brilliant way with words. I know you won't consider trading others money but would you consider writing a book?

J

A book you say, Jeremy? I don't think so. I prefer to deflect attention away from what I do when I can and not draw it towards me. At this point in my life, taking care of my wife is my main priority. Her health is poor and it will not improve with time. It would be too much work for my proofreader anyway!

Later in life, when things here change, I think I'll explore the possibilities of travel and may even decide to become an ex-pat, taking up residence in a new location. If I find I have too much time on my hands, my thoughts as posted earlier may take on a new direction.

I've had a lot of "toys" in my life and have no real need for any new ones. As I've grown older, material things seem to matter less, while people, relationships and needs of others have taken on a higher standing in what is important to me. Perhaps my journey will lead me down a path that allows me to make a difference in somebody's life.

Thanks for the kind words though, they are appreciated.

John