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The Captains Chest - Naked Trading & Other Stuff
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Author:  dudest [ Fri Sep 02, 2016 4:00 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Fri Aug 19, 2016 9:11 pm wrote:Those inflection points on their 2nd cycles kinda look the same



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I'm now convinced they're running the same pattern on EU that they've run on GU thus far
20160902 - gpbusd - h1 - leading eu.png
20160902 - eurusd - h4 - lagging gu.png
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Author:  fahedksa [ Fri Sep 02, 2016 5:44 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hi Freinds,
I wish you help me to understand these points.
EURUSD
Today we was lookinh to Level 2 UP so i wait price retrace to Fib50-76.3 and last M15 candle before news price test Fib61 abd these signal to enter long and price goes up +75 Pips but price retrace and i close trad +20 pips. So,What should give me a hint or clue that i should close these trade?

AUDUSD
As i draw on charts i was expecting Level3 down and before UK open there is small M in Frankfurt so i open short position and these trade turn lost.What is my mistakes here?
SHould i deal with XXXUSD pairs the same way as EURUSD (Leader Pair)?

Thank you all in advance
Author:  dudest [ Fri Sep 02, 2016 9:56 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Fri Sep 02, 2016 5:42 pm wrote:
For example, I'm going to go out on a limb here and say that I expect the circled candle to end up as a pin


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Didn't pin, so on to plan B, which is hold till 73.6 and if it doesn't turn there, cut losses
Author:  dudest [ Fri Sep 02, 2016 10:10 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
fahedksa » Fri Sep 02, 2016 8:44 pm wrote:Hi Freinds,
I wish you help me to understand these points.
EURUSD
Today we was lookinh to Level 2 UP so i wait price retrace to Fib50-76.3 and last M15 candle before news price test Fib61 abd these signal to enter long and price goes up +75 Pips but price retrace and i close trad +20 pips. So,What should give me a hint or clue that i should close these trade?

AUDUSD
As i draw on charts i was expecting Level3 down and before UK open there is small M in Frankfurt so i open short position and these trade turn lost.What is my mistakes here?
SHould i deal with XXXUSD pairs the same way as EURUSD (Leader Pair)?

Thank you all in advance
@EURUSD:

IMHO, hindsight is always 20-20. A perfect trade is NEVER the goal; the idea is to make money (which you did)

It could have continued going up but maybe Fox needs to pick up more before continuing

For what it's worth, I think it's going UP this coming week

Cheers
Author:  dudest [ Fri Sep 02, 2016 10:20 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
20160903 - nzdusd - m30 - levels - longs.png
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Author:  rambo06 [ Fri Sep 02, 2016 10:28 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
fahedksa » Fri Sep 02, 2016 5:44 pm wrote:Hi Freinds,
I wish you help me to understand these points.
EURUSD
Today we was lookinh to Level 2 UP so i wait price retrace to Fib50-76.3 and last M15 candle before news price test Fib61 abd these signal to enter long and price goes up +75 Pips but price retrace and i close trad +20 pips. So,What should give me a hint or clue that i should close these trade?

AUDUSD
As i draw on charts i was expecting Level3 down and before UK open there is small M in Frankfurt so i open short position and these trade turn lost.What is my mistakes here?
SHould i deal with XXXUSD pairs the same way as EURUSD (Leader Pair)?

Thank you all in advance

Fahedska,

It was easier to see this move on the 15M but they did make the 3 levels down over 3 days. The last level on day 3 only went slightly below because they got what they needed and turned around quickly. Then they move up and fake the M but stop short at the ABC pattern with a nice solid pin to enter on at the C leg. This is common and happens often and is just another way they muddy up the pattern so if you commit it to memory you will make your coins back tenfold in the future :smile:

All the best,

Rambo
Author:  dudest [ Fri Sep 02, 2016 10:34 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Common push formations, esp for the first push from peak low
common push pattern.png
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Author:  Noucha [ Sat Sep 03, 2016 11:07 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
My view on USDCAD
Author:  michosz [ Sat Sep 03, 2016 11:23 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Noucha » Sat Sep 03, 2016 11:07 am wrote:My view on USDCAD
It's my view on H1.
Author:  dudest [ Sat Sep 03, 2016 3:14 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
michosz » Sat Sep 03, 2016 2:23 pm wrote:
Noucha » Sat Sep 03, 2016 11:07 am wrote:My view on USDCAD
It's my view on H1.
My view:
20160903 - usdcad - h1 - levels.png
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