The Captains Chest - Naked Trading & Other Stuff

[banteka]

My second attempt in understanding this method.
This time in GPB/AUD

[banteka]

And now, AUD/USD

[zentauro67]

And now, AUD/USD

Don´t pay too much attention to fryday´s closing candle in AUD. It uses to have a strange behaviour in the last minutes due to lack of liquidity. You often see huge spikes meaning nothing.

[kwanann]

My second attempt in understanding this method.
This time in GPB/AUD

Another view.. Look the the places where u placed the two w.. Now imagine they are the bottom of a mega big w. how would u draw that mega w now

That would also explain the missing m at the top if u so wish as well

The trading timeframe matters a lot, how u trade a m15 vs a h4 is very different, so are the TP and SL targets. On a m15 u can have m and w all over the place, they may or may not enforce the higher timeframe moves. Even on higher timeframes, m or w can be planted to shake weak trades.

Those familiar with 10.x can stick to the h4, me I.m learning and mastering the m15. Reason being price will ding dong up and down. I dont see any particular reason to give back my 30pips just so that I can maybe earn 100pips later, this is because if they want to move price so much, it WILL retrace first before going that 100pips. When it retraces then I will reenter. If I miss that, well there's other ways to enter, 3 levels and 3 pushes, loads of opportunities to milk it later on.

For those familiar with trailing stop or jumping stop, doesn't this also explain why candlestick trailing stop works better MOST of the time

Trust me, once u understand these, all previous notions u have, s/r levels, pivots, moving averages, fibs will take on a new angle, u will understand how the fox uses them and them u can follow the fox as others becomes fox feed

[kwanann]

And now, AUD/USD

Don´t pay too much attention to fryday´s closing candle in AUD. It uses to have a strange behaviour in the last minutes due to lack of liquidity. You often see huge spikes meaning nothing.

Remember, right at the end is where liquidity is low, price typically moves OPPOSITE to the direction the fox wants to go.

1. Kill out the weak trades
2. Sucker traders
3. Stops get hit
4. It NEVER hits any high or low, ALWAYS in the middle. Stress out everyone

Why this is so, they need volume for their moves, so at the end of the week they always suck out all the liquidity and that's what you are seeing

[zentauro67]

And now, AUD/USD

Don´t pay too much attention to fryday´s closing candle in AUD. It uses to have a strange behaviour in the last minutes due to lack of liquidity. You often see huge spikes meaning nothing.

Remember, right at the end is where liquidity is low, price typically moves OPPOSITE to the direction the fox wants to go.

1. Kill out the weak trades
2. Sucker traders
3. Stops get hit
4. It NEVER hits any high or low, ALWAYS in the middle. Stress out everyone

Why this is so, they need volume for their moves, so at the end of the week they always suck out all the liquidity and that's what you are seeing

100% agreed.

AUD is about to become the strongest currency of the overall market, so this sharp fall in the last 10 minutes of friday session is just an attempt to kick out the bullish before the party begins.

[Captain Jack]

Hello to everyone.
First of all excuse my English but I currently speak Spanish.
This is my first post after have read the PDF posted in PAGE 1, POST 1 along all this weekend.
I use to trade based upon Price and Volume analysis without other indicators. It has been impressive to me when I have read my MT charts with this method in mind and all those that you have been spoken here has appeared in front of my eyes with clarity.
I have found a very interesting pair to trade this week that is starting a new round. I hope my analysis be correct.
Thank you very much to all the people in this forum, specially to Mr. Captain Chest. Your KARMA is in balance and the Universe will return to you all what you are sending to it. I'm sure.

Welcome to the thread and your English is fine. I share your view on this pair as well...profits from orders taken higher up on the "M" have already been booked....

CJ

[BONZO]

Thank you CJ, I have read through everything and really enjoy it. I have always been intrigued by trading on my own analysis and without indicators but like most others, I have been looking for the holy grail. I imagine the sense of pride when trading like this is outstanding, so you have another disciple. I will start my journey today, thanks again.

[Captain Jack]

We were looking at AUDNZD the other day and I took a position that was stopped out for around a $2.5k loss... on the post I mentioned that I was setting a tight stop due to the fact I thought price may push lower again. When it did, I was stopped out for a small loss. When price dropped, I took another position when the nice pin to the low appeared. We have spoken about the Fox "reselling" his story if he doesn't get enough takers the 1st time around. I think this has happened and I have taken what was given and closed out those trades for a $6k gain. Price gaped up today, trapping the traders below before they could even bat an eye.

If you look at the chart, you will see a nice set of pins to the high, "RRT's", if you will and some orders in those pins...SL has been set tight again, just above the pins and the current candle should close lower... I will watch this pair through the Asian session, look to close on lower prices later and possibly a re-entry long during London....

Take what's given....

CJ

[kwanann]

Probably not the best of entries, but i'm supported by trapping volume so it shouldnt go into too far DD