The Captains Chest - Naked Trading & Other Stuff

[kwanann]

EU my bias is still buy...

[kwanann]

i/m also not trading till the NY session so just gonna see how things pan out

Edit: AUD news as reported by Onanda

http://forexblog.oanda.com/20130723/aud ... ixed-data/

Trading news u say? foxie already set the goods way before that

[ciliano]

EU my bias is still buy...

It will be interesting to watch it play out. I'm out of here for today. Have a great evening.

Ray

Feeling like EU is printing a W on m15 for a RRT back up on the H4.

[lilac]

I don't think EURUSD will come much higher than 1.3200, I don't know. The pattern is unclear to me on M15, but I see the 3 pushes on H4, and an important resistance there, so I have a sell limit waiting...

Typically if unclear u don't trade..

Anyway either way u would have made pips. If u followed cj's image that would have got u out with about 40pips or BE and minimal dd. If u believed in me, u would have a heartache dd of 40pips and then a profit of 40pips as well.

This is an example of a smaller tf trading then switching to a higher tf pattern. U had that m forming on m15, upon completion, it gave way to the higher tf w and lv 3 push

Either way, like I said in my previous post on eu, they WILL torture the bulls first and make bearish signs so that they can have the volume they need to push it above higher highs

Whatever rocks your boat

K

Thanks kwanann, you are right, although I do watch the higher TF I still don't get the right intend, they usually trap both buys and sells at key levels and make it look very unpredictable, the pushes count and the patterns were not so clear to me, so I shouldn't have traded!

Sorry I can only believe what I see myself. I better read the book again and try to get it.

Thanks for all the info

[poconnellfx]

So was the unusually high AusUsd 4 hr tick volume yesterday just the fox taking buy orders as a trap going into economic news last night.?

Have you guys seen this before over such a long time frame?

I managed to stay in the trade but had very small position.

[kwanann]

Thanks kwanann, you are right, although I do watch the higher TF I still don't get the right intend, they usually trap both buys and sells at key levels and make it look very unpredictable, the pushes count and the patterns were not so clear to me, so I shouldn't have traded!

Of course they will trap everyone, thats what the foxes do. BUT they will torture the folks that are in the direction they want to go FIRST. i.e if they want to go long, they will go long first, crash it down trap the shorts THEN go long. this is your typical stophunt. Question is whether you are able to wait out the stop hunts or you end up giving up your positions.

Sorry I can only believe what I see myself. I better read the book again and try to get it.

YES trust yourself, and of course CJ charts if he posts them. You control your trading decisions, not someone else's charts

[CCCGAMING]

yes the price moves back and forth on that level where all retail traders are putting their orders... well just have to wait what the FOX do until NY....

i guess i need to look at h4 charts like K and Xrismak...

[kwanann]

Just saw price went ding dong all over the place for GU. So what do you think the fox is doing?

I just like H4 because i can sleep in peace and not worry about price movements. Of course you must have the stomach for the potential DD.

Also i've been trading GU, EU and UC for quite a while so i know those pairs and their movements pretty well

Problem with M15 is that you must be almost constantly looking at the screen, good thing is that you have minimal market exposure (WHICH IS GOOD)

K

[kwanann]

So was the unusually high AusUsd 4 hr tick volume yesterday just the fox taking buy orders as a trap going into economic news last night.?

Have you guys seen this before over such a long time frame?

I managed to stay in the trade but had very small position.

sorry too many posts didnt see the screen shot. Can you try zooming into the M15 or H1 to see where the volume went (preferably M15)

Always remember this golden rule: Buy low, sell high...

[CCCGAMING]

Just saw price went ding dong all over the place for GU. So what do you think the fox is doing?

I just like H4 because i can sleep in peace and not worry about price movements. Of course you must have the stomach for the potential DD.

Also i've been trading GU, EU and UC for quite a while so i know those pairs and their movements pretty well

Problem with M15 is that you must be almost constantly looking at the screen, good thing is that you have minimal market exposure (WHICH IS GOOD)

K

GU hitting the stops... after hitting all the stops next is the true direction