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The Captains Chest - Naked Trading & Other Stuff
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Author:  forex23 [ Tue Feb 09, 2016 5:56 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hey Guys I just thought I'll contribute something I found that may help you guys out.

http://www.slideshare.net/lathavid/the- ... ey-trading

That link is a book which also explains the 3 consecutive days up that Captain mentions.

Also the main reason I like this thread is because I had found a similar thread in forex factory by FTI.

Which pretty much describes what the captain does but he is more secretive about it. He also claims to have been a tier 1 bank trader which made it even more interesting and he pretty much mentions the same things Captain says.

Hope you like it. I just started reading it and it seems interesting.
Author:  waza [ Tue Feb 09, 2016 7:11 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
thanks Forex,

will have a read, i need to learn more as my trade today did not reach lvl3. but when you zoom out it becomes more clear that it had reached a certain level for it to reverse.

i've much to learn including getting my entries and exits better...
Author:  desibaba [ Tue Feb 09, 2016 7:16 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Entered the GBPNZD M15 trade last night. Although it did go in the direction I was hoping for, it did so only AFTER it hit my stop loss. Lesson learned... use wider stop loss
Author:  forex23 [ Tue Feb 09, 2016 7:42 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
waza » Tue Feb 09, 2016 2:11 pm wrote:thanks Forex,

will have a read, i need to learn more as my trade today did not reach lvl3. but when you zoom out it becomes more clear that it had reached a certain level for it to reverse.

i've much to learn including getting my entries and exits better...

No problem.

Also I will recommend to only read to page 25 and stop cause then it deviates from what Captain talks about.
Author:  Silweri [ Tue Feb 09, 2016 7:54 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Sympathy;
Excuse me for asking, but why are you opening new account from time to time with different broker? Are you not trusting the old ones?

Also, could you please describe/show the proccess how you draw the levels you expect the three pushes/levels to end?

And I have read everything in this thread over and over about daily stop hunts after daily low/high but still just don't get it. Could you show examples when they are happening? I can see those after they have happened, but then it's already too late...
Author:  Forexfux [ Tue Feb 09, 2016 9:11 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
forex23 » Tue Feb 09, 2016 6:56 pm wrote:Hey Guys I just thought I'll contribute something I found that may help you guys out.

http://www.slideshare.net/lathavid/the- ... ey-trading

That link is a book which also explains the 3 consecutive days up that Captain mentions.

Also the main reason I like this thread is because I had found a similar thread in forex factory by FTI.

Which pretty much describes what the captain does but he is more secretive about it. He also claims to have been a tier 1 bank trader which made it even more interesting and he pretty much mentions the same things Captain says.

Hope you like it. I just started reading it and it seems interesting.
I know the thread by FTI at FF but I have never really read it. I thought it's about some general trading wisdom and trade management technics like sending out a scout trade and so on. I didn't know that a real trading methodology was introduced in that thread.
Author:  forex23 [ Tue Feb 09, 2016 9:25 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Forexfux » Tue Feb 09, 2016 4:11 pm wrote:
forex23 » Tue Feb 09, 2016 6:56 pm wrote:Hey Guys I just thought I'll contribute something I found that may help you guys out.

http://www.slideshare.net/lathavid/the- ... ey-trading

That link is a book which also explains the 3 consecutive days up that Captain mentions.

Also the main reason I like this thread is because I had found a similar thread in forex factory by FTI.

Which pretty much describes what the captain does but he is more secretive about it. He also claims to have been a tier 1 bank trader which made it even more interesting and he pretty much mentions the same things Captain says.

Hope you like it. I just started reading it and it seems interesting.
I know the thread by FTI at FF but I have never really read it. I thought it's about some general trading wisdom and trade management technics like sending out a scout trade and so on. I didn't know that a real trading methodology was introduced in that thread.

Yeah its true that he doesn't mention a methodology but he does drop hints into the way the market structure works. He even posted the a pic from the link I posted. He post the one that shows the whole market structure.

That's why I said he is more secretive. He only mentions it moves in 3 phases but he doesn't show how or when.
Author:  forex23 [ Tue Feb 09, 2016 9:37 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Now that I think about it his scout and money management could be the way he enters when the 3 level is finish.

This is how I think he might do it.

He enters his scout when he believes level 3 is finish.

If it goes up forming level 1 up he probably adds more for the 2 leg up and the same goes for the 3 leg up.

or

He enters his scout when he believes level 3 is finish.

If it continues to go down he looks for any signs that is just a extend leg down or a stop hunt.

If he believe it will go up then he will add to his position to average down and if he doesn't he gets out and he only looses a scout.

What do you think?
Author:  sympathy [ Tue Feb 09, 2016 10:09 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Silweri » Tue Feb 09, 2016 8:54 pm wrote:Sympathy;
Excuse me for asking, but why are you opening new account from time to time with different broker? Are you not trusting the old ones?

Also, could you please describe/show the proccess how you draw the levels you expect the three pushes/levels to end?

And I have read everything in this thread over and over about daily stop hunts after daily low/high but still just don't get it. Could you show examples when they are happening? I can see those after they have happened, but then it's already too late...
Sorry for late reply bro. I have been using only two accounts since i started forex business, I only wanted to build one for my friend and some guys i trade for ok.
The best way to trade this method is trading away from level3 and level 1. once you know how to count levels you will understand the way it works.
Author:  eaymon [ Wed Feb 10, 2016 1:07 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
sympathy » Tue Feb 09, 2016 5:09 pm wrote:
Silweri » Tue Feb 09, 2016 8:54 pm wrote:Sympathy;
Excuse me for asking, but why are you opening new account from time to time with different broker? Are you not trusting the old ones?

Also, could you please describe/show the proccess how you draw the levels you expect the three pushes/levels to end?

And I have read everything in this thread over and over about daily stop hunts after daily low/high but still just don't get it. Could you show examples when they are happening? I can see those after they have happened, but then it's already too late...
Sorry for late reply bro. I have been using only two accounts since i started forex business, I only wanted to build one for my friend and some guys i trade for ok.
The best way to trade this method is trading away from level3 and level 1. once you know how to count levels you will understand the way it works.
hey,
I didn't quite understand the wording of "trading away from level3 and level 1" ?

Could you elaborate?
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