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| The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572 |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:21 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
It's fairly easy...I start with the D1, H4 and H1 time frames, looking for level 1 or level 3's in the bigger cycles. I do this for every pair. Then I'll drop down into the 15M and look for the correct setup to enter. Look for pairs that are at the Hi or Lo of yesterday/today, near the extremes of the ADR. You want to trade the "edges" in on each setup, not the centers out. I'm a lazy and sloppy trader at times and when I'm confident of of a pairs direction, I'll take an early entry during and not wait for the optimum setup. Too many people try for the "perfect" setup. as long as I can grad a nice piece of a move, I'm happy. It's about making money and it works for me. Here's one that looks good for a possible drop so I'll keep my stops just above the high and may allow it to move 25 pips or so past...if they don't get the orders they want, they will bump it a bit further to add to their positions...sometimes you see that "M" at the top but then it pops up 25 pips or so past it... GBPCHF...looking for the pullback....if it "pops" I'll add on... CJ |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:30 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Here's another one that's had a large move off the news yesterday....looking for them to bring it back to book some profit, perhaps a 50% retrace....Looking to add on a drop near the indicated location.... CJ |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:35 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Another one I'll be watching..."X" marks the spot.... CJ |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:39 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
GBPJPY.....looks like a candidate..... CJ |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:40 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
There's a lot of good looking setups out there tonight.... CJ |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:47 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Look familiar? CJ |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:50 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Another....take a look at some of these on the H4 and D1 time frames as well.... CJ |
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| Author: | nicoacademia [ Tue Mar 26, 2013 12:52 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
they really reset the board on alot of JPY pairs. |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:54 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
USDCHF.... everybody should watch these play out later, I'm in some as I may not be around later... CJ |
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| Author: | Captain Jack [ Tue Mar 26, 2013 12:56 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Big moves for a Monday....but then the greedy bastards can't waste a bit of news... CJ |
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