The Captains Chest - Naked Trading & Other Stuff

[kwanann]

Been searching and reading a lot last weekend, found free lectures of Martin Cole [MarketMakerMethod] and watched video's 1-4 last night. Looks like he is telling the same as CJ, terminologie is the same.

Thats what i meant by the fox knows that we know about the M and W and 3/3 cycle (3 levels, 3 pushes)

He aint the first person talking about this and i know for sure they know about the existence of this thread.

Switching between M15, H1 and H4 and can't decide where my playground is. H4 moves look great to catch, but when to enter.....?

My suggestion is to stick to one timeframe, any one of those, then get used to it. Nothing will change really, buy low, sell high, enter at pins etc, its all the same


I guess it has come to a point where the content here is pretty much self sufficient :

There are success stories, loads of charts to see, 101 thread for beginners, dragon lair on pips400 version of naked trading...

[kwanann]

Pretty Miss M politely sitting there, waiting to be picked up

Don't you just love it when the fox is back in business

[Gertje]

Pretty Miss M politely sitting there, waiting to be picked up

Don't you just love it when the fox is back in business

Do you keep it open with the current retrace, or...?

[kwanann]

For all those that thought that was a REAL M and decided to put sell orders for YEN..

Please think carefully.. what has just happened

[Gertje]

For all those that thought that was a REAL M and decided to put sell orders for YEN..

Please think carefully.. what has just happened

Fake drop to shake out week longs and take in week shorts.

Preparing for the run long due to JPY bonds buying program next week, lots of accumulation happening.

[pips400]

Hi Markusbrutus welcome to naked trading. There's no short cut unfornuately, it will take a lot of time to reprogram, but the jounrey is well worth it. Lot's of helpful people here, and I would recommend Kwanann's 101 thread also to get a handle on things.

[pips400]

FWIW I would ignore fundamentals unless you're trading the H4/Daily. Everything can be manipulated, the only thing that counts is price and the spin the fox is putting on things. I remember the bloodbath trying to follow JPY fundatmentals and applying to 10.x earlier this year. IMO it's easy to overcomplicate things. If trading the M15/H1 there's enough time to get in and out of a trade regardless. Only my approach, that's all. What I would say about fundamentals is to be aware of news announcements, and make sure you've covered any risk.

[Gertje]

FWIW I would ignore fundamentals unless you're trading the H4/Daily. Everything can be manipulated, the only thing that counts is price and the spin the fox is putting on things. I remember the bloodbath trying to follow JPY fundatmentals and applying to 10.x earlier this year. IMO it's easy to overcomplicate things. If trading the M15/H1 there's enough time to get in and out of a trade regardless. Only my approach, that's all. What I would say about fundamentals is to be aware of news announcements, and make sure you've covered any risk.

Understood.

Just trying to find the best TF for me to trade on.

Am still fulltime working, and especially in the morning around London Open I can't always be there to watch PA. Most of the times, yes.

[xrismak]

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

This is the one "bad" thing about this system. Once you see it, you don't actually need anything anymore and you are good to go all on your own, so you dont really need to come back anymore

Well all the best to those that have seen the light, really hope to see you around next time to coach the newbies :!:

I've gotten free 100 euro from varenbank (details at http://www.stevehopwoodforex.com/phpBB3 ... =10&t=3123), so will be putting this up inside myfxbook for all to see. again it will be live up till i double the account, after which i will no longer publish the results (or maybe just show the stats without the orders)

Not sure I count as one whose seen the light, but I am happy to continue to post when I feel I have something that can be useful. If anyone's interested you can check out my thread (see link below), a lot of my posts end up there because I didn't want to cloud this thread too much, because I'm using volume which to me is still naked.

Seeing the light is a matter of persistence and patience, manage your expectations and emotions, lots of screen time (every day, same time if possible), lots of reading, experimenting, journal your discoveries. You need to build a framework of understanding the market cycle that becomes the skeleton, upon which price will play out. I would recommend sticking witht the M15/H1 combo as M5 I got lost with too much noise, and H4 is good for long term but can miss a lot of the details. Everything you need to see the fox is evident on M15/H1.

Pips400,

Exactly, that's part of the Understand the Market Cycle and Have Slightly Deep Pockets as in Capital to Trade and You have An Edge over the Many who Trade and Loose Cash fist over Hand.... the Only Snag is that one has to be Extremely Good with Analysis of Range and that also takes some time getting used to, but Once you are there ... NO Fox can Stop You.... You will feel it in your Bones.
I Shared this USD-CHF as in my personal Chart Analysis with McNish sometime Ago and I honestly Hope he Took the Hint, if he did then He should be Smiling to the Bank today.

Happy Trading Y'all,

xrismak

[kwanann]

FWIW I would ignore fundamentals unless you're trading the H4/Daily. Everything can be manipulated, the only thing that counts is price and the spin the fox is putting on things. I remember the bloodbath trying to follow JPY fundatmentals and applying to 10.x earlier this year. IMO it's easy to overcomplicate things. If trading the M15/H1 there's enough time to get in and out of a trade regardless. Only my approach, that's all. What I would say about fundamentals is to be aware of news announcements, and make sure you've covered any risk.

Understood.

Just trying to find the best TF for me to trade on.

Am still fulltime working, and especially in the morning around London Open I can't always be there to watch PA. Most of the times, yes.

Gertje,

Honestly.. I speNd more time on the forum than on the charts

I only trade the m15 since what happens on that tf will be applied to the higher tf, but it's ur call which tf you want.

It's just in my bones now really, when is a good time to enter, when to go in and TP, so I just go in at those times. Might miss out on stuff or might enter early..