The Captains Chest - Naked Trading & Other Stuff

[PoolHallJunky]

Update to this mornings EURUSD trade, still in progress and still shooting for the 1.380 area..

[websie]

keep on posting botrak.

i gotta learn how to upload img.

If you use Empty4, right click on the chart and click save as picture, chose the middle option to save as Active chart, untick the post image online and then click ok.
your computer will open a small window asking where to save the image, save on desktop so you can find it easily.
Come back to the forum and click on upload attachment.
click Browse
navigate to the desktop (or wherever you saved the image) and click it, then click add the file
and you should be done

[renxozuken]

Guys. I am not with chart right now.
Looking at usd jpy. H1. There is 3 wave up and forming the second leg of M
Chance of shorting ??

Views needed.
Thanks.

[lhDT]

Guys. I am not with chart right now.
Looking at usd jpy. H1. There is 3 wave up and forming the second leg of M
Chance of shorting ??

Views needed.
Thanks.

Hi All, Cj,

Long time I didn't posted here !
For UJ, indeed I think we're in the third leg and ... wednesday so It's better to look for a correction to the downside. We're at the high of th week, asian has been ranging within 16 pips.
Waiting a good setup on that one for an approx target around 101.50. Stop hunt high then RRT or a nice pin for example.

Lio

[fok]

I am long.

4h line chart

uj.png

[lhDT]

Hi All, Cj,

Long time I didn't posted here !
For UJ, indeed I think we're in the third leg and ... wednesday so It's better to look for a correction to the downside. We're at the high of th week, asian has been ranging within 16 pips.
Waiting a good setup on that one for an approx target around 101.50. Stop hunt high then RRT or a nice pin for example.

Lio

Stop hunt in progress (to 102.50 at least).

001.png

[renxozuken]

eur nzd H1.

correct me if i am wrong.
it have completed 3 wave and now its consolidating.
lots of bullish pin, probably trapping short?
price reach 1.6300. might bounce to top?

can someone comment on this.
much appreciate.

[ciliano]

Reading that babypips thread that was posted 10-20 pages ago has really boosted my confidence and my ability to find the best trades. I think a lot of the stuff in this thread doesn't really work for beginners unless you have the foundation of being able to find basic support and resist on different timeframes. Until you are amazing at doing what is in this thread, it probably helps to find great support and resist areas with signals and then apply CJ's principals to those trades.

The babypips thread also helps immensely if you are on West Coast USA and can't trade the London session and are too lazy to wake up at 6am. You can use D1 and H4 effectively with it.

For reference:
http://forums.babypips.com/free-forex-t ... ction.html

Edit: Reading Al Brooks books too and those are helping way more than I thought they would.

[blazej]

Hi Ciliano,

how do you combine principles from the mentioned thread with CJ principles? I've been struggling with m15 this week, cause price action is quite weak. I've been reading nial fullers work who also suggests trading from d1 support and resistance. I think it's common for aussie traders So back to topic, do You put support and resistance on d1 and then trade the signal on m15 combined with stacking like CJ. Thank You for reply.

Greetings

Blazej

[lhDT]

I think a lot of the stuff in this thread doesn't really work for beginners unless you have the foundation of being able to find basic support and resist on different timeframes.

Support & resistance are there just to induce you to the wrong side ... Just rely on the candles & time of the day.