The Captains Chest - Naked Trading & Other Stuff

[Reaper]

So I have caught the moves this morning, will post results later. I'm now out of all my trades. However I am seeing reversal patterns on some of the pairs I traded. CJ you think it will mess around for a couple of hours and then reverse?

[swisscheese]

Last one
EURUSD

This one pays hopefully my T-Bone Steak...
Edi

No more risk...

Edi

[erikskenne]

Commander you have certainly light up round about 1000 bulbs in my way of looking at this forex,
I have been away at work and have to return on monday so I have to read through a lot on this weekend, so whilst you other enjoy yr BBq I shall study And most of all clean out my computer for approx 600+ indicators courses and other stuff which I have spent quite a lot of cash on.

Thanks and thanks a gain, I you ever decide to take a trip to sweden drop me hint I shall happily buy you the best beer ever.

God bless and a nice weekend to all

[Reaper]

I'm tired n I have decided to go flat for the rest of the day. Take my winnings and run

I made 270 pips this morning. My report is attached. Together with 350 on Monday morning, thats like 620 pips for two mornings work. However I still need alot of practice, and I'm not sure if I can goto mini lots if cant I control my trading inbetween days like this, I need to figure out how to be patient more or find alternate setups.

I also nearly redid what I did on Monday afternoon, I got excited and went big again and nearly got margin called luckily I didnt this time.

I think I'm going to continue to follow your advice and stick to 2-3 pairs instead of like 8-10. Switching between all those charts is exhausting.

Thanks CJ for this thread, you rock!

[swisscheese]

JEN Pairs again heavy

[Captain Jack]

JEN Pairs again heavy

NY Fox in the drivers seat now...stop hunts look to be complete....

CJ

[Captain Jack]

I'm tired n I have decided to go flat for the rest of the day. Take my winnings and run

I made 270 pips this morning. My report is attached. Together with 350 on Monday morning, thats like 620 pips for two mornings work. However I still need alot of practice, and I'm not sure if I can goto mini lots if cant I control my trading inbetween days like this, I need to figure out how to be patient more or find alternate setups.

I also nearly redid what I did on Monday afternoon, I got excited and went big again and nearly got margin called luckily I didnt this time.

I think I'm going to continue to follow your advice and stick to 2-3 pairs instead of like 8-10. Switching between all those charts is exhausting.

Thanks CJ for this thread, you rock!

Nice days work.

Yes, now that you are catching some of the moves, work on choosing the best setups and concentrate on those. It's a pain in the butt trying to keep track of 10-15 different pairs.

It's easier to find a couple good setups and use a larger lot size, keeping the tight stops. If you are wrong, it cost you a little, when you are right, you get paid off nicely and it doesn't take 1000 pips to do it.

CJ

[Captain Jack]

So I have caught the moves this morning, will post results later. I'm now out of all my trades. However I am seeing reversal patterns on some of the pairs I traded. CJ you think it will mess around for a couple of hours and then reverse?

Those were the stop hunts that happen at session change over, and between the 2nd and 3 pushes during a 3 leg move....

I look for the 3rd leg and then a pullback into the end of the session...to center price, lock traders back into the range and give the Asian fox something to snack on come Monday.

CJ

[Captain Jack]

Commander you have certainly light up round about 1000 bulbs in my way of looking at this forex,
I have been away at work and have to return on monday so I have to read through a lot on this weekend, so whilst you other enjoy yr BBq I shall study And most of all clean out my computer for approx 600+ indicators courses and other stuff which I have spent quite a lot of cash on.

Thanks and thanks a gain, I you ever decide to take a trip to sweden drop me hint I shall happily buy you the best beer ever.

God bless and a nice weekend to all

Thanks for the kind words. Travel safe and don't hurt your back tossing out all those indicators!

Perhaps one day, I'll take you up on the beer.

CJ

[Captain Jack]

JEN Pairs again heavy

You did close those UJ shorts didn't you ?

CJ