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The Captains Chest - Naked Trading & Other Stuff
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Author:  Captain Jack [ Thu Mar 07, 2013 11:44 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
allisonmagic wrote:why is it.. when your trading a demo, you win and win and win.. soon as you go live, you get screwed and lose your entire account ? this is why i never practice a demo. live results are more accurate
You orders are not routed anywhere, they stay on the demo server for one thing...but it's that the way they designed it? :twisted:

CJ
Author:  Captain Jack [ Thu Mar 07, 2013 11:49 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
ewinner wrote:Hi CJ

I quite agree, it was a big enough move today, needs a bit of wiggle room :-) The USDJPY looks pretty toppy too..

i really like this approach, thanks for sharing

Mark
There was alot of movement into the close today....all over.

John
Author:  Aus67 [ Thu Mar 07, 2013 11:57 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Oh Dear

Looks like the brokers know when one is trading to CJ's method....I have to say that I have not had this occur on this supposedly reputable aussie broker!

I am sure there is a reasonable reason this happened :lol: :lol: :lol:

euroYen 15m demo account
requote.JPG
Author:  Captain Jack [ Fri Mar 08, 2013 12:06 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Aus67 wrote:Oh Dear

Looks like the brokers know when one is trading to CJ's method....I have to say that I have not had this occur on this supposedly reputable aussie broker!

I am sure there is a reasonable reason this happened :lol: :lol: :lol:

euroYen 15m demo account
requote.JPG
They don't want you stepping on their tail!

CJ
Author:  Captain Jack [ Fri Mar 08, 2013 12:40 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
The patterns remain the same across all time frames.....EURGBP M1

CJ
Author:  mjws00 [ Fri Mar 08, 2013 12:52 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I see bulls getting rounded up for slaughter, and general unkindness towards bears wanting a breakout. How many more spikes till they drop the hammer?

Mike
Author:  Aus67 [ Fri Mar 08, 2013 12:53 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Ah I will put it out there, ...maybe too optimistic to the second short under the round number...will see I guess.
EURJPY.JPG
Author:  mjws00 [ Fri Mar 08, 2013 3:51 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I took this one for fun when the 4hr pin was setting up. I have been waiting to get out at BE and ride the next move down as per CJ's advice. My entry is terrible. Just an afterthought to learn with entered from my phone. It is teaching me ;)

That pin and your post had me smilin for a second. They started trapping bears shortly after that pin. Price never returned to give them a chance. There is a nice zone coming up where we could turn. Maybe below 125.00, maybe with a burst to stick bulls on a false breakout above 125.22. Heck they could line something up with the daily. At that point they will have tortured me sufficiently to teach me a lesson.

The truth remains that there are many weak bulls who haven't had their resolve tested yet. The fox is coming for them. It just needs to burn us dumbasses who took it short early first. I'm playing this loose and small. And I ain't posting a loss to screw up my perfect week.

I'll take posting a green arrow over a trade with a poor ill thought out entry every time. Fact remains I would have taken that pin all day long. It was placed there to suck us in. The fox knows we are stuck there. I should have stuck with my first notion of lack of knowledge of the fox's intent here, and waited for further confluence and direction. These foxy bastards are good teachers.

Someone will steal from these weak bull mofos, just a matter of time. Couldn't pay me to get long here beyond a scalp, so I will take my beating like a man. They can move this one back in a blink during franky or London. But we could stall through NFP or they could use that to put the serious pressure on the stuck shorts. But it seems unlikely. Asia will run it down to the 60's but leave us pinbar pricks stuck until Franky or London set a direction.

Good one to learn from regardless. I'm doin homework as well, but here I am waiting.

Mike
Author:  Captain Jack [ Fri Mar 08, 2013 4:57 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
mjws00 wrote:I took this one for fun when the 4hr pin was setting up. I have been waiting to get out at BE and ride the next move down as per CJ's advice. My entry is terrible. Just an afterthought to learn with entered from my phone. It is teaching me ;)

That pin and your post had me smilin for a second. They started trapping bears shortly after that pin. Price never returned to give them a chance. There is a nice zone coming up where we could turn. Maybe below 125.00, maybe with a burst to stick bulls on a false breakout above 125.22. Heck they could line something up with the daily. At that point they will have tortured me sufficiently to teach me a lesson.

The truth remains that there are many weak bulls who haven't had their resolve tested yet. The fox is coming for them. It just needs to burn us dumbasses who took it short early first. I'm playing this loose and small. And I ain't posting a loss to screw up my perfect week.

I'll take posting a green arrow over a trade with a poor ill thought out entry every time. Fact remains I would have taken that pin all day long. It was placed there to suck us in. The fox knows we are stuck there. I should have stuck with my first notion of lack of knowledge of the fox's intent here, and waited for further confluence and direction. These foxy bastards are good teachers.

Someone will steal from these weak bull mofos, just a matter of time. Couldn't pay me to get long here beyond a scalp, so I will take my beating like a man. They can move this one back in a blink during franky or London. But we could stall through NFP or they could use that to put the serious pressure on the stuck shorts. But it seems unlikely. Asia will run it down to the 60's but leave us pinbar pricks stuck until Franky or London set a direction.

Good one to learn from regardless. I'm doin homework as well, but here I am waiting.

Mike
Not good idea to enter trades in the gap between NY and Asian session or during the Asian session. They use the Asian session to establish the new High and Low of the day - HOD/LOD... Price is kept in a narrow range, 25-50 pips most of the time. It varies with each pair. Spreads widen and if you enter a trade here, you already stuck. Towards the end of the session, price will move 25-50 pips above or below the HOD/LOD during the stop hunt. This stop hunt forms certain patterns, like "M" an "W"'s or "Railroad tracks" - RRT. RRT's are actually compressed "M" and "W" candle patterns and should be entered on the 2nd leg or second candle of the RRT. That's why I lifted my stop as the HOD hasn't been established yet.

Best thing to do is watch price on the 15M time frame...like what's happening on EURGBP now.... heating up a bit....

If you can, demo trade the EURGBP on the 5M time frame over the next few hours...watch what they do and how you trade based on their actions....good practice cause you're gonna see these moves across all time frames.

CJ

CJ
Author:  mjws00 [ Fri Mar 08, 2013 5:27 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
LOL. Yeah. It was a complete rookie error. Told ewinner I would wait. Second guessed when you showed that pretty little 3 push into the pinbar forming. (Error). It set up pretty enough, I would still be short (Just another trade).... the difference is I would have taken a BE+ stop instead of sitting around with my thumb up my butt. Thought I would be out at BE+ with ya, but it never got there.

Dumb move, sized appropriately small. It will give me a reason to stay up and study tonight. Should have been on demo, but I learn better with skin in the game. Even if it's small.

Do you find the "Asian consolidation" theory still to be valid? It seems with Yen and commodity currencies moving that I see a lot of movement these days during asia. Very few fake, and break opposite days. If it is still legit, I'll watch it more. Market making remains constant.

Mike
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