The Captains Chest - Naked Trading & Other Stuff

[kwanann]

Slightly different twist to the Syria war

Remember the MM comes back in sept, what better to induce voliatity than a... WAR!

So we can expect the return of, stop hunts, long trends, 200pip moves

Probably, the war will be a no show, just a bunch of hot fluff to set things in motion

[rostaus]

EU just completed the M on the H4, it will range for a while before it drop, nice round numbers at 1.325 and 1.33. my guess 1.325

either way as mentioned in yesteday i;m in sell eu and have some dd, will enter sell at pins when it appears then ride the wave down (if i happen to see it)

Really, my head seems to spin with all the AHA moments I'm having these days....

Just figured out that next week WP will be around 1.33, being this week WS1.....!
Feel really stupid why i never saw these things during the last 3 years.

Hi Gertje, I stil feel stupid : ) why would it be WS1 as the new WP?

cheers Rob

[Gertje]

EU just completed the M on the H4, it will range for a while before it drop, nice round numbers at 1.325 and 1.33. my guess 1.325

either way as mentioned in yesteday i;m in sell eu and have some dd, will enter sell at pins when it appears then ride the wave down (if i happen to see it)

Really, my head seems to spin with all the AHA moments I'm having these days....

Just figured out that next week WP will be around 1.33, being this week WS1.....!
Feel really stupid why i never saw these things during the last 3 years.

Hi Gertje, I stil feel stupid : ) why would it be WS1 as the new WP?

cheers Rob

No need to feel stupid. If you put weekly pivots on the chart now, you will see the WS1 around 1.33xx.
The new WP comes in the middle of previous week HI/LO, being 1.33xx when I posted that chart ( now 1.329xx).

No rules that WS1 becomes next weeks WP, just happens to be that way this week.

Since prices nearly most of the times visit the WP, I expect price retrace to 1.329xx before making the final plunge with push #3 on the H4.

Syria could change all of his of course.

EDIT: after looking some more on the chart, I'm starting to feel his was just the very first leg down on the H4 chart. Kwanann, how do you feel about this?

[kwanann]

Here is the image of how I would have played the h4, this is just completion of the m

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

It might stay around 1.32 for a while, accumulating at the major. Syria just means the MM are back IMHO, nothing is going to happen with only us and France, or they just want everyone to forget about snowden.

So it will be a nice time to range trade EU, sell at peak high, TP at peak low, take what is given.

There might be a 200pip move up to clear the board and form a big m before things crash

Loads of possibilities really, depends on how things pan out

Either way play safe and be careful, the REAL mm are vicious, what has been happening so far is mellow by comparison

[zentauro67]

AUDUSD seems in a critical point.

Daily chart shows a good 'trend and reversal' quizz. We could see a probable W in formation if bears don´t get a HL next days. First rejection signal (RT) is being tested and we´ll see this week if it is confirmed or canceled. In case of a LL we´ll have a strong bullish signal.

Imagendaily.jpg

If we zoom to 4H this probable daily W formation is mirrored with one of the most usual reversal patterns, a probable bullish SHS.

Imagen 4h.jpg

[intcust]

DetailedStatement.gif

thought some might like to see these results 5 k to over 30 in one month

[intcust]

Let me start by saying the only reason I think one should trade is because they like it. With that being said there are only two types of trading retirement acct. and living on acct.. I have read a lot of post on demo trading vs live and all seem to be trying to hit home runs one does not need that. I just showed a whopper month on a demo. The trouble most people have I believe is thinking that everyone or most should be able to do the same thing. The trouble is everyone is trying to hit home runs in the majors. A home is the hardest thing to do in sports. A round ball a round bat and the ball is moving. That is why home run hitter get paid the most. More than nfl quarterbacks just ask Albert Pujols. Think more about trading for retirement or for your income not what CJ can do of I did. Think about this if you take $600.00 and make 6 pips per day at $.10 per pip (and compound) on 20 days a month of trading that is 2% per month . Add $300.00 per month (remember this is retirement) for the first 48 months only and at the end of 30 years you will have over $12,000,000.00. So that is 6 pips a day 20 days a month. No home run. Now on for income trading do the same thing but go for 1% per day. Start with a bigger balance if one cannot compound and needs to draw out money. You need to trade $.20 per pip for $600.00 start and make 30 pips a day for 20 days a month compounded that is around 4800.00 after one year. You say so one cannot live on that and you are right now go to year two $4800.00 becomes around $38,000.00 now you can take $5000.00 per month out each month and after that year you have over $100,000.00 remember you only started with $600.00 and $.20 per pip trading. I would think at that point one could easily take out even more that the $5000.00 per month and still grow the acct. So go for the little winners and net the pips you need. This way the fear of losing is out and you have a plan on how to get were you want to be. Most important have a plan on what you want to make and how you plan on getting there. Just my thoughts and I am always wrong

[fxdaytrader]

One thing i hope is you guys who have seen the light continue to stick around

please allow me one question - did I got that setups nearly right or is there a mistake?
It is the EURUSD M15 chart (screenshot taken some minutes ago).

One short entry took place on the M (red circle), now one long open (since yesterday, target ~today R1/BE setting after some pips).

test.foxentry.png

It's an interesting topic, but M15 is new for me, most time stuck on M5 ...

[kwanann]

After m you expect price to go down 3 levels. Should have takena long below the blue circle and tp at day close or reverse to short. Looks like a m to the right of the blue circle

[fxdaytrader]

Thank you very much KwanAnn for your reply.

On H1 now it looks also like an 'M', ...

test1.foxentry.png

So if not short already, option a) wait until new M is formed higher on M15 and enter then (= waiting for new setup), option b) enter on the break of the current D1 low?

Will keep on reading/learning that system. Thank you very much