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The Captains Chest - Naked Trading & Other Stuff
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Author:  Captain Jack [ Fri Mar 08, 2013 5:32 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mjws00 wrote: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
My bad on the early entry but I did say the 2nd D1 bar would pin higher during the stop hunt... ;)

Lesson's being given on the 5M EURGBP right now...worth a watch...learn it and you can scalp hell here! LOL

CJ
Author:  Captain Jack [ Fri Mar 08, 2013 5:38 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

EURJPY just broke lower.....watch it on the 5M for a lesson!

CJ
Author:  Aus67 [ Fri Mar 08, 2013 5:53 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Captain Jack wrote:EURJPY just broke lower.....watch it on the 5M for a lesson!

CJ
That is a tight range!

I am guessing to wait for a break lower or higher to hit stops and load the opposite positions.

Then look for a reversal and play the increasing stop hunts?
Author:  mjws00 [ Fri Mar 08, 2013 5:59 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

I seriously don't know how you can look at a standard chart, or system CJ. When this idea starts to resonate.... bloody hell does it make a mess.

I'm not much of an indicator guy. If it lags I hate it. But have had good success with the fundamentals of supply and demand and basic trendlines. The mind blowing bit is watching how the foxes trap there, and seeing intent. I could plan for a fake or stop run, and often join in. But the precision and execution when you start to look closely from the darkside is crazy. The why behind the structures pops.

It will be interesting to see how many can come to grips with this modality. It is the first concept I've seen that I don't know if I'd teach. Mauro only scratches the surface, imho. That gut feeling when you start to connect with intent is scary.

Your time is invaluable, CJ.

Thanks.
Author:  Aus67 [ Fri Mar 08, 2013 6:04 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mjws00 wrote:I seriously don't know how you can look at a standard chart, or system CJ. When this idea starts to resonate.... bloody hell does it make a mess.

I'm not much of an indicator guy. If it lags I hate it. But have had good success with the fundamentals of supply and demand and basic trendlines. The mind blowing bit is watching how the foxes trap there, and seeing intent. I could plan for a fake or stop run, and often join in. But the precision and execution when you start to look closely from the darkside is crazy. The why behind the structures pops.

It will be interesting to see how many can come to grips with this modality. It is the first concept I've seen that I don't know if I'd teach. Mauro only scratches the surface, imho. That gut feeling when you start to connect with intent is scary.

Your time is invaluable, CJ.

Thanks.

Yes well said Mike!...probably the most intense few days I have had.

My head is all over the place, much of it on the floor...once you see where the fox waits it thows all else learnt in the corner!!

Priceless!
Author:  Captain Jack [ Fri Mar 08, 2013 6:09 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mjws00 wrote:I seriously don't know how you can look at a standard chart, or system CJ. When this idea starts to resonate.... bloody hell does it make a mess.

I'm not much of an indicator guy. If it lags I hate it. But have had good success with the fundamentals of supply and demand and basic trendlines. The mind blowing bit is watching how the foxes trap there, and seeing intent. I could plan for a fake or stop run, and often join in. But the precision and execution when you start to look closely from the darkside is crazy. The why behind the structures pops.

It will be interesting to see how many can come to grips with this modality. It is the first concept I've seen that I don't know if I'd teach. Mauro only scratches the surface, imho. That gut feeling when you start to connect with intent is scary.

Your time is invaluable, CJ.

Thanks.
Intent is always to stick hand in your pocket and relieve you of cash! :twisted:

Sneaky bastards aren't they? Watch the drop come on the EURGBP....

Understand that time is expanded here....this takes place on the 15M, 30M, 1H in the same manner, only slower....

CJ
Author:  Captain Jack [ Fri Mar 08, 2013 6:12 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Aus67 wrote:
Captain Jack wrote:EURJPY just broke lower.....watch it on the 5M for a lesson!

CJ
That is a tight range!

I am guessing to wait for a break lower or higher to hit stops and load the opposite positions.

Then look for a reversal and play the increasing stop hunts?
It's just starting, you will have to watch it into the London open...the moves starts with a bump or drop out of range...stop hunt happens about 25-50 pips above or below range.

CJ
Author:  mjws00 [ Fri Mar 08, 2013 6:54 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Funny how you start to adapt in time. I've been fading that fake with Franky or London for a long time. Fading that first leg of with them on M or W, or skipping the first and joining the second leg for a long time. When I screw up just sell both legs with them and don't panic in the middle.

Selling a retest of supply. Skips the fake and gets you reasonably aligned with these guys. Since they are often using pivots, session high lows, etc for easy manipulation ... it worked pretty well. I've seen talent crush it in realtime using that methodology. But reading the carnage, and learning to see where the souls are being trapped and crushed, brings a new dimension too it. It is so much more powerful, just highlights so vividly the fear and greed that drives this.

I know I'll have pretty carcasses to look at post NFP. Almost can't wait for the charts ;)
Author:  Captain Jack [ Fri Mar 08, 2013 7:29 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mjws00 wrote:Funny how you start to adapt in time. I've been fading that fake with Franky or London for a long time. Fading that first leg of with them on M or W, or skipping the first and joining the second leg for a long time. When I screw up just sell both legs with them and don't panic in the middle.

Selling a retest of supply. Skips the fake and gets you reasonably aligned with these guys. Since they are often using pivots, session high lows, etc for easy manipulation ... it worked pretty well. I've seen talent crush it in realtime using that methodology. But reading the carnage, and learning to see where the souls are being trapped and crushed, brings a new dimension too it. It is so much more powerful, just highlights so vividly the fear and greed that drives this.

I know I'll have pretty carcasses to look at post NFP. Almost can't wait for the charts ;)
NFP doesn't move the price...it's just an excuse for them as they cover their ass when they gut and run....

CJ
Author:  eltax100 [ Fri Mar 08, 2013 8:04 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

could this be a potential setup forming ?? long shorts trapped in the formation ?
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