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The Captains Chest - Naked Trading & Other Stuff
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Author:  sapu [ Fri Jan 08, 2016 3:35 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hello friend, i was long in the eurusd too, but too early and the stop hunt was too much for me, forcing to close the order, but when the new H4 candle arrived, i understand the issue of the early order and opened a new long right in the pin... now waiting for the next H4 candle to close in the pin and have a nice weekend.

Cheers, Pablo :smile:
fahedksa » Fri Jan 08, 2016 2:51 pm wrote:Hi friends,
Just want your comments about EURUSD move today,I was in Long position from white line becuase i think we will have 3rd level today and price in UK session still in low of UK session and test low of previous candles low in same session.
Then after news price spike down and up!!!!
So,Did i forget something?Is there any signs for these action?
Please help me understand these .
Author:  marcoFF [ Fri Jan 08, 2016 3:39 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
sapu » Fri Jan 08, 2016 4:35 pm wrote:Hello friend, i was long in the eurusd too, but too early and the stop hunt was too much for me, forcing to close the order, but when the new H4 candle arrived, i understand the issue of the early order and opened a new long right in the pin... now waiting for the next H4 candle to close in the pin and have a nice weekend.

Cheers, Pablo :smile:
fahedksa » Fri Jan 08, 2016 2:51 pm wrote:Hi friends,
Just want your comments about EURUSD move today,I was in Long position from white line becuase i think we will have 3rd level today and price in UK session still in low of UK session and test low of previous candles low in same session.
Then after news price spike down and up!!!!
So,Did i forget something?Is there any signs for these action?
Please help me understand these .
Hi sapu, I loved your pdf on your marker theory.. hope to read here you soon!
When you talk about stop hunt, you mean hit stop order to lock traders in bad position or to hit stop loss order.. or both?
Author:  sapu [ Fri Jan 08, 2016 4:02 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hi MarcoFF, thanks!! i posted it here hoping that it would be useful to the users of the forum :good:
Answering your question, a buy stop or sell stop is the same as a stop loss, so yes, the spike down in the eurusd because of the good news in the nfp news for the usd and was created, as i believe, to trigger sell stops and stop losses of buy orders opened. For this orders to be closed, must be a counterpart buying with a limit order or closing sells with take profit. (Dont forget that you pay the spread!)
so when the candle starts to going up there is a point (for example the h4 pivot) in where you can say, probably the market makers are net long and they're even adding longs.
After the spike, there were a lot of sell stops triggered that could include a buy stop as a stop loss to close the order. Based in this fact is highly profitable for the market makers to rise the price to hit those buy stops and move the price even further up.
Thats in theory a stop hunt. If you want to believe it or not is up to you,

:jump:
marcoFF » Fri Jan 08, 2016 3:39 pm wrote:
Hi sapu, I loved your pdf on your marker theory.. hope to read here you soon!
When you talk about stop hunt, you mean hit stop order to lock traders in bad position or to hit stop loss order.. or both?
Author:  Tom822 [ Fri Jan 08, 2016 5:03 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Sympathy - I would like to ask you about the reason of your long position on AUD/CHF pair. Is the reason of this entry is 3rd level and candle pattern ? What will you do when there will be 4th and 5 th levels ? You will close your position with smal loss ?

The same question is about your exit reason on AUD/CHF pair.
Author:  fahedksa [ Fri Jan 08, 2016 5:35 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Thank you Sapu for your reply.
One more question friends:
Price moves in Asia session make any difference when you make your choice to open trade or not?
Author:  Forexfux [ Sun Jan 10, 2016 3:30 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hello,
I hope somebody can help me. What's wrong with the set up shown at the attached screen shot?
Author:  caveywoolpert [ Sun Jan 10, 2016 4:00 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Forexfux » Sun Jan 10, 2016 3:30 pm wrote:Hello,
I hope somebody can help me. What's wrong with the set up shown at the attached screen shot?

your lvl 1 is okay :good:
Author:  sapu [ Sun Jan 10, 2016 4:48 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Maybe waiting for a gap above the pivot and acumulation below the pivot for an uptrend in london (?). Cheers :smile:
caveywoolpert » Sun Jan 10, 2016 4:00 pm wrote:
Forexfux » Sun Jan 10, 2016 3:30 pm wrote:Hello,
I hope somebody can help me. What's wrong with the set up shown at the attached screen shot?

your lvl 1 is okay :good:
Author:  Forexfux [ Sun Jan 10, 2016 5:22 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
caveywoolpert » Sun Jan 10, 2016 5:00 pm wrote:
Forexfux » Sun Jan 10, 2016 3:30 pm wrote:Hello,
I hope somebody can help me. What's wrong with the set up shown at the attached screen shot?

your lvl 1 is okay :good:
Hi caveywoolpert,
that's a bit tricky. The low and the high of the day will be created in the asia session. But I'm not sure if the accumulation phase is not the small range during the asia session. The next thing is don't we have to enter at the high/low of the day?
Author:  caveywoolpert [ Sun Jan 10, 2016 5:42 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Forexfux » Sun Jan 10, 2016 5:22 pm wrote:
caveywoolpert » Sun Jan 10, 2016 5:00 pm wrote:
Forexfux » Sun Jan 10, 2016 3:30 pm wrote:Hello,
I hope somebody can help me. What's wrong with the set up shown at the attached screen shot?

your lvl 1 is okay :good:
Hi caveywoolpert,
that's a bit tricky. The low and the high of the day will be created in the asia session. But I'm not sure if the accumulation phase is not the small range during the asia session. The next thing is don't we have to enter at the high/low of the day?

After the hod and lod created, price was in a narrow channel, accumulation. Then there were three swipes down and W, pinning near the lod, thats a nice setup. U marked just the first swipe as 123, and your W is in the middle of nowhere. Sapu is right, fox might extend the stophunt on monday, but i expect a bullish week on EJ.
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