The Captains Chest - Naked Trading & Other Stuff

[Jacque]

Hi Mattk,

yes there are a couple of mini barfs along the way, however, i dont think what have you drawn as the bump and lead in line to be a valid barf formation.

Hi Matt, I have to apologise. I relook at my chart on 15M for USDJPY. And i actually saw a barf that kind of matches what you drew. Previously, I could not see a barf on your chart because the slopes are too gentle, sorry my eyes were playing tricks on me. Please note that I usually do not factor in tick volume in my determination - however if you follow true to CJ's pdf, tick vol is taken into acc. My method is to simply identify the pattern and the how steep the slopes are. Thanks.

[Dagu]

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[Captain Jack]

EURAUD

[intcust]

I hope you are right on this on CJ I been waiting for a big tumble on this pair 1000 pips is possible if this is top but what do I know I am always wrong.

[Dagu]

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[Dagu]

EURAUD

What do you think CJ
Am I right ????

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[intcust]

That is my take

[Captain Jack]

http://www.bloomberg.com/news/2014-01-1 ... ixing.html

[Dagu]

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Nice ACU zone

[Lara]

http://www.bloomberg.com/news/2014-01-1 ... ixing.html

Interesting article. I wonder if the Fed's threat means anything. I'm sure a $200 million fine to these guys is equivalent to a library fine And if they are doing this in a Cartel, which we know they are, they probably split these library fines amongst eachother. Mmmmmmmmm :