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The Captains Chest - Naked Trading & Other Stuff
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Author:  Captain Jack [ Mon Mar 25, 2013 3:07 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Angat wrote:
Captain Jack wrote:
nicoacademia wrote:
Angat wrote:USDCHF to rise to complete the big W ?
good call.
as what steve nison would say "crack and snap"
and what a crack.

another piecing of a mosaic with usd strength.
130325 uchf.png
I got some of the spike in AUDCHF at the same time....

CJ
Both pairs seems bearish to me. I'm not sure if USDCHF will complete the big W in this case and may head south. What you rekon CJ?
Just scalping some news spikes here and looking for them to pull back towards center...

CJ
Author:  lvdfx888 [ Mon Mar 25, 2013 3:39 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

[/quote]

I wouldn't say that the drop below level 1 consolidation invalidates anything...it's enticing traders to go short and they brought it right back up with a RRT pattern..a lot of traders got stuck in that drop....level 2 consolidation is still above level 1 consolidation...

CJ[/quote]

Thank you Captain.
Author:  mobthehop [ Mon Mar 25, 2013 4:05 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

CJ,

I would like to express my apologies for having caused such a ruckus with my question yesterday.... Most members here are genuinely interested to learn and, as you said yourself, I for one, have preconceived notion and concepts that need to be "un-learned" in order to follow / appreciate your methodology.

Without going back into the details, thanks for clarifying my question, it was not posted out of doubt or spite or to rile you - just out of need for further clarification...

Any heckler, serial doubter or similar will be dealt with swiftly by the vigilant admins here - you have been awarded that privilege as well!

Cheers & hope you accept my apology in the spirit offered

Mop
Author:  Captain Jack [ Mon Mar 25, 2013 4:21 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mobthehop wrote:CJ,

I would like to express my apologies for having caused such a ruckus with my question yesterday.... Most members here are genuinely interested to learn and, as you said yourself, I for one, have preconceived notion and concepts that need to be "un-learned" in order to follow / appreciate your methodology.

Without going back into the details, thanks for clarifying my question, it was not posted out of doubt or spite or to rile you - just out of need for further clarification...

Any heckler, serial doubter or similar will be dealt with swiftly by the vigilant admins here - you have been awarded that privilege as well!

Cheers & hope you accept my apology in the spirit offered

Mop
No apologies needed Mop and I know it wasn't posted to cause a problem. It ended up going in the wrong direction. Like I said in the beginning of the thread, lose all of what you know and start over. The Empty4 platform is no different than a slot machine is Vegas. It has all the bright pretty colors and any sounds you like. Just drop your $100.00 bills in and hit the order buttons.

Sometimes people don't "hear" what I'm saying because they end up listening to what they are saying instead of paying attention to what's being said to them. Sometimes, I might think I'm saying something that is obvious to me, but it may not be to the person I'm saying it to. It get's frustrating from my point of view because it's the same stuff over and over and nothing ever comes of it. Never has and never will.

The only thing you need to be concerned about with broker time is getting the settings of your sessions correct.

The questions and responses will be left in the thread. This "should" keep any late comers to the thread from having to pose the same questions on broker time and or candle differences. I hate having to answer something 2, 3, 4, 5 times or more. That's not going to happen.

Let's get on with the hunt! ;)

CJ
Author:  nicoacademia [ Mon Mar 25, 2013 4:26 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

so... more of the Captain's 3 day cycle.

i first heard of it from Austin Passamote mentioning that currencies tend to not stay in the same place for more than 2-3 days. and expect a big move after that.

Dan Fitzpatrick calls it..."the smart money sells on day 1...the semi-smart money on day 2...and then the dumb money on day 3."

here's how USDJPY has moved since end Feb. it's not perfect but it's roughly there.

i think it helps to some point.
(i'll post EURUSD after lunch. it's alot more choppy and newsy. will be interesting to look at.)
130325 ujpast.png
Author:  mjws00 [ Mon Mar 25, 2013 5:59 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Well boys here are some confusing pictures. EU has got me wondering what is up. On our 1H chart I see three nice pushes. We have a perfect setup for a nice stop hunt north and then drive it down. 50 pip run throws this right into the perfect sweet spot for a turn.

But they could easily shake it up a bit in here if we zoom out a little.

4H they have put in a bottom and started trapping late shorts... Nice pins and a pretty little W we could buy in the 1.2900 range.

Kinda feel like if I sell into this rally, even on a pretty M.... They will sweep it and cause me suffering.

Goofy muddled count with a gap that is technically not filled. They let a LOT of trapped bulls off the hook with the last pushes up. So it is really just those bears that sold the lows and the fakes around 1.2880 that are in pain. 1.2905 would be a beauty test down low.

Could be interesting. I can see a dozen moves they could make on this chart. CJ what am I missing? I see run north, kill weak bulls south, turn back north. But also potential to put in a longer TF bottom here.

Mike
Author:  nicoacademia [ Mon Mar 25, 2013 6:14 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mjws00 wrote:Well boys here are some confusing pictures. EU has got me wondering what is up. On our 1H chart I see three nice pushes. We have a perfect setup for a nice stop hunt north and then drive it down. 50 pip run throws this right into the perfect sweet spot for a turn.

But they could easily shake it up a bit in here if we zoom out a little.

4H they have put in a bottom and started trapping late shorts... Nice pins and a pretty little W we could buy in the 1.2900 range.

Kinda feel like if I sell into this rally, even on a pretty M.... They will sweep it and cause me suffering.

Goofy muddled count with a gap that is technically not filled. They let a LOT of trapped bulls off the hook with the last pushes up. So it is really just those bears that sold the lows and the fakes around 1.2880 that are in pain. 1.2905 would be a beauty test down low.

Could be interesting. I can see a dozen moves they could make on this chart. CJ what am I missing? I see run north, kill weak bulls south, turn back north. But also potential to put in a longer TF bottom here.

Mike
not sure if this is counterproductive but the same pattern is seen on the dollar index. which is 67-orsomething% weighted to the EUR, then the JPY, then GBP...etc...etc...

edit:i guess we have to wait for the patterns W/M to form n then proceed from there. i guess its safer. EU1H does look like its starting to prong an M formation.
but what do i know.

for those 10.4 traders. EU is at a midpivot. and also at the 200 LWMA(O)(i modded to 200)
130325 dxy1h.png
and here is the eurusd1h daily cycles. it's quite zoom zoom i guess cos of the news.
but if it lulls to 3. a reverse move is expected. (actually most just go 1-2. 1-2. 1-2. some even just 1 within one of the day's 3 sessions).

doesn't mean a 3 means it's going to hell. it just tilts the odds/favour/book probability that profit to push is in the opposite direction.
think of the foxes looking at the books.
130325 eu1hcycle.png
Author:  swisscheese [ Mon Mar 25, 2013 7:05 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

EURCAD
Short at previous Short-Level
Author:  swisscheese [ Mon Mar 25, 2013 7:07 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

EURUSD and AUDUSD
Monitoring carefully
Author:  swisscheese [ Mon Mar 25, 2013 7:24 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

GBPAUD
I giv it a try to the long side
Edi

Wrong Button sell instead buy...

Close trade.
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