The Captains Chest - Naked Trading & Other Stuff

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 3:40 pm

do you see the pin bar on M15 USDCAD, that's how they acc more orders, that move down it's a bait, they will drop price

they're acc orders on the pin

PipTrawler · Post by **PipTrawler** » Wed Dec 09, 2015 3:41 pm

InfiniteLoop » Wed Dec 09, 2015 3:34 pm wrote:O Canada, O Canada

Nice to know it can be done. Hope you clean up buddy

You too Sympathy. It's nice to see you guys beat the system and makes me more determined to join in the major league some day.

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 3:45 pm

starting to move NZD down, AUD will follow

remember news for NZD are first, then AUD - 4 and 6 hours

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 3:59 pm

if you have orders on CAD pairs and you follow my advice, relax you are good

PipTrawler · Post by **PipTrawler** » Wed Dec 09, 2015 4:07 pm

InfiniteLoop » Wed Dec 09, 2015 3:40 pm wrote:do you see the pin bar on M15 USDCAD, that's how they acc more orders, that move down it's a bait, they will drop price

they're acc orders on the pin

Yes I see quite a few long wicks. I am not trying to be an ass here just trying to understand. If you said we give creedance to the upper wicks because the pair is quite extended now, ok valid point but other than that, the lower wicks sell a similar story but obviously in reverse. Thanks

Wicks 15 min.png

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 4:11 pm

PipTrawler » Wed Dec 09, 2015 4:07 pm wrote:
InfiniteLoop » Wed Dec 09, 2015 3:40 pm wrote:do you see the pin bar on M15 USDCAD, that's how they acc more orders, that move down it's a bait, they will drop price

they're acc orders on the pin
Yes I see quite a few long wicks. I am not trying to be an ass here just trying to understand. If you said we give creedance to the upper wicks because the pair is quite extended now, ok valid point but other than that, the lower wicks sell a similar story but obviously in reverse. Thanks

the last pin bar and then large bull bar, that was a fake move, they are acc. SELL orders on that, then they will drop the price

Tom822 · Post by **Tom822** » Wed Dec 09, 2015 4:15 pm

InfiniteLoop - what do you think about CAD/JPY - are they creating another "W" ? They are making something creative with this pair, I am still long.

Referring to AUD/USD - I think it should go up, check H1 there is a nice "W" but I am not sure if this not the false "W".

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 4:43 pm

Tom822 » Wed Dec 09, 2015 4:15 pm wrote:InfiniteLoop - what do you think about CAD/JPY - are they creating another "W" ? They are making something creative with this pair, I am still long.

Referring to AUD/USD - I think it should go up, check H1 there is a nice "W" but I am not sure if this not the false "W".

CADJPY
are they creating a W, I don't know, but LONGTERM that pair is gone go up, they acc. BUY orders for the move

AUDUSD
there's no W on AUD, it might become a W when the price dropes

Tom822 · Post by **Tom822** » Wed Dec 09, 2015 5:38 pm

Sympathy, InfiniteLoop question to you - how you recognize accumulation phase and perfect entry point ?

Infinite Loop - for example, you wrote that CAD/JPY have now accumulation phase but why it looks like a strong downward trend ?

Sympathy - if I understand it correct, you are searching each time:

1. 3rd leg of trend
2. Accumulation phase
3. Then you are entry on M or W, but first, as I understand, you wait for accumulation phase before you start looking for an M or W and then you take entry ?

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 5:59 pm

Tom822

you asked me for CAD/JPY longterm, I didn't say that we were at the lowest low shortterm

acc. is always going on, it only depends on which scale and how much