xrismak wrote:

Captain Jack wrote:

pips400 wrote:

CJ

EL Capitaine CJ,

"Word" , you are right, I stuck a Multi Currency trading EA on one of my Empty4 Platforms, after 8 hours of trading it made about $88.00 profit, I then Procceded to trade Naked eyeballing just the Pins using the W's and the M's as Guidance and in 1 Hour 48 minutes of trading I got a Return of slightly over $660.00 on a $2300 starting Bank in a Live Account. This was last week when I posted some of my Trades if you remember. I consider myself quite fortunate to have gotten on your Naked Trading Thread at it's Inception, what even make's this fun is I am a NOVICE, I believe I haven't even learnt nothing yet as regards the Naked Trading System , When I am Confident to read and understand the Charts well enough to place about 10 trades on the same currency Pair Simultanenuosly and make a Profit Consistently, then I will be satisfied that I have truely learnt the Art of Trading for a Consistent Profit, untill then I am still a Novice but I am willing to put in the Time and Learn the Foxes Habits and Traits and whatever comes along.
The Truth for me now simply means Understanding what works Consistently to Pile Profits most of the time, In Short I'd Like to be ABLE TO SPECULATE TO ACCUMULATE WITH CONFIDENCE CONSISTENTLY.

Many Thanks,
xrismak

ernest02 wrote:Thank you SO MUCH Pips400, Angat and especially the Captain himself who gave such thorough explanations as well as support to my post of an unsuccessful trade. It really warms the heart that there are people that take some of their precious time to assist beginners like me. One day I hope to also be able to be in a position to do the same and help other people.
Captain you were right when you said that there were no widening of the spread at the top of the formation. I especially looked for that and the spread stayed the same.
Guys you really rock! I thank you!

Ernest.

websie wrote:I was also looking at this NZDUSD with a view to taking a short perhaps on Monday, I already have a sell order on it at 83025. Your disection on it was fantastic. Thank you. I too am a novice and looking at my charts today when the market has shut has helped a great deal for me to "see the light". Many thanks

Captain Jack wrote: If you have any questions concerning spread widening at the top or bottom, or don't know what it is, just open an order box and watch. You can see the bid and ask prices here, as they form 2 lines. They tend to follow each other closely, but when they widen, you will see these lines "spread" apart.

The red arrow indicates the spread between the bid and ask prices....this is where you can see the spread widen or if you have a spread indicator and know your pairs normal spread, you will see it widen there.

CJ

http://luku.cz/fx/2012/01/06/spread-indikator/

Captain Jack wrote:That's it for me....time for a nap. Closed out everything but a few trades in the AUD pairs that should payoff into the pullback....

It's been a good day and a great week! Hope everybody has a great weekend!

CJ

Captain Jack wrote:

ernest02 wrote:Thank you SO MUCH Pips400, Angat and especially the Captain himself who gave such thorough explanations as well as support to my post of an unsuccessful trade. It really warms the heart that there are people that take some of their precious time to assist beginners like me. One day I hope to also be able to be in a position to do the same and help other people.
Captain you were right when you said that there were no widening of the spread at the top of the formation. I especially looked for that and the spread stayed the same.
Guys you really rock! I thank you!

Ernest.

If you have any questions concerning spread widening at the top or bottom, or don't know what it is, just open an order box and watch. You can see the bid and ask prices here, as they form 2 lines. They tend to follow each other closely, but when they widen, you will see these lines "spread" apart.

The red arrow indicates the spread between the bid and ask prices....this is where you can see the spread widen or if you have a spread indicator and know your pairs normal spread, you will see it widen there.

CJ

xrismak wrote:

Captain Jack wrote:

ernest02 wrote:Thank you SO MUCH Pips400, Angat and especially the Captain himself who gave such thorough explanations as well as support to my post of an unsuccessful trade. It really warms the heart that there are people that take some of their precious time to assist beginners like me. One day I hope to also be able to be in a position to do the same and help other people.
Captain you were right when you said that there were no widening of the spread at the top of the formation. I especially looked for that and the spread stayed the same.
Guys you really rock! I thank you!

Ernest.

If you have any questions concerning spread widening at the top or bottom, or don't know what it is, just open an order box and watch. You can see the bid and ask prices here, as they form 2 lines. They tend to follow each other closely, but when they widen, you will see these lines "spread" apart.

The red arrow indicates the spread between the bid and ask prices....this is where you can see the spread widen or if you have a spread indicator and know your pairs normal spread, you will see it widen there.

CJ

El Capitaine CJ,

Thanks for your Earlier Inspiring note of Advice with regards to my Trades, I have noticed one thing with regards to your Comments on the Broker's Spreads and that's why if you Notice I have Circled the Top Right hand Corner of the Displayed Chart I Posted, I am only interested in eyeballing that corner when I trade on the lower time frames such as the M15 as the Chart gives me the Spead on top, and Below the Candle time, so I am I correct to imply that the Spread and the candle time as in remaining time left for a Candle to close and a New Candle to form go hand in hand when Deciding to Enter or Exit a Trade ????
I have also Adopted a New Style this is from my Observation of some of the Charts you posted in the Past that when Going in Short in any Trade you always have one trade Right on top with a SL then further a little way down from the first Short Trade you then Establish further Sell or Short Trades assuming your Huntch is Right about the Position of things refferencing that Trade. I have also Noticed the Same thing and Style when you Initiate Opposite Trades as in Going Long or Doing Buy Trades.

One final thiing amongst the many Questions I have for you is on the SNAGGIt software how do you imput text , I can Draw Cirles and draw W's and M's But adding text to my illustration is a Problem, what or which icon do I click to enable me Add text to what I illustrate using this Piece of Software :!:

Many Thanks,
xrismak

lvdfx888 wrote:

Captain Jack wrote:That's it for me....time for a nap. Closed out everything but a few trades in the AUD pairs that should payoff into the pullback....

It's been a good day and a great week! Hope everybody has a great weekend!

CJ

Hi Captain,

You're superman! Thank you for sharing your knowledge and for your time & patient. Still struggling to find & follow Foxy traces... Looking forward to learn more and more from the great master.

Saw your UJ buy trades around 8:30-9. I was in this trade as well, would like to know if you sold when it reversed at around 10:40, and if you bought at around 12:00 when it started to swing back up.

Thanks
Ron