The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

CJ, could you please explain your EURAUD trade on the chart ?
Did you bought at support then added at new high & every bullish close above the high ?
I don't really get it, don't see a W or a M or a candle pattern ...

Thx a gazillion

I see a "W" that went right into an "M"...I also saw a level 3 low here and was looking for a rise...I see a Low, a Lower Low and then a Higher low...the higher low is tested and held....

I bought off the "W" and sold the 2nd leg of the "M" down, then bought the rise after the low was held...

CJ

El Capitaine CJ,

It just keeps getting Better with Time like an Old Soul Music LP, thank you very much.....
I am not as Good as you @ NAKED trading but I will get there some day, I will take what I have learnt from Your Good self so far and be Happy.

Happy Trading Y'all

xrismak

It looks like you are well on your way! The more chart time you get, watching them paint the patterns, the easier it will become. Nice trading!

CJ

[stevelacoste]

Hi CJ what do you think the forecast is for EUR/NZD next week

Have a happy Easter

Steve

[Captain Jack]

Hi CJ what do you think the forecast is for EUR/NZD next week

Have a happy Easter

Steve

Hi Steve,

I'd say today was a level 1 rise so if it stays on a 3 day cycle, it should rise for another 2-4 days....

Hope you have a nice Easter as well.

John

[Kruspe]

Hi guys.. another profitable day, thx CJ.. TP on GBPCAD, GBPUSD (based on my analysis from previous posts here), also EURGBP, I could get even more pips, nevermind. I have to learn how to apply scaling orders. I trade only with one position. It takes more time to learn it I guess.

[nicoacademia]

actually one of the reasons why i joined the fxaw forum was to read up more on your posts Captain.

and this one is gold.(of the many)

120319 1-46-42 PM.png

and from today's haul i'm learning even more
thanks so much again.
i went to the gym. so when the markets reversed. that was it for me.
o wells.

[Captain Jack]

Hi guys.. another profitable day, thx CJ.. TP on GBPCAD, GBPUSD (based on my analysis from previous posts here), also EURGBP, I could get even more pips, nevermind. I have to learn how to apply scaling orders. I trade only with one position. It takes more time to learn it I guess.

Congratulations Kruspe. Your charts show that you have a good foundation for trading this way. Keep it up!

CJ

[Captain Jack]

actually one of the reasons why i joined the fxaw forum was to read up more on your posts Captain.

and this one is gold.(of the many)

120319 1-46-42 PM.png

and from today's haul i'm learning even more
thanks so much again.
i went to the gym. so when the markets reversed. that was it for me.
o wells.

You would be surprised how many people can not figure out what that chart is showing...even to this day!

CJ

[nicoacademia]

actually one of the reasons why i joined the fxaw forum was to read up more on your posts Captain.

and this one is gold.(of the many)

120319 1-46-42 PM.png

and from today's haul i'm learning even more
thanks so much again.
i went to the gym. so when the markets reversed. that was it for me.
o wells.

You would be surprised how many people can not figure out what that chart is showing...even to this day!

CJ

for real? i think they think beyond what they see.

but im seeing what you've marked out all over every pair on the 1H's. 1H being easiest to see that U in the volume. and then seeing whether price is a inverted U for weakness or a U or flat priceline for strength/accumulation.

really awesome.

learning alot.(n im guessing u use entropy on the larger TFs >4H back then to highlight stuff too)

it's been a rough end to the week to me. but more to learn n practice seeing and understanding from your work is a bright light for me.

edit:you're so visual too Captain. i love the way you explain your concepts. it nails what needs to be nailed! n makes actioning upon it so clear n direct.

[Captain Jack]

actually one of the reasons why i joined the fxaw forum was to read up more on your posts Captain.

and this one is gold.(of the many)

120319 1-46-42 PM.png

and from today's haul i'm learning even more
thanks so much again.
i went to the gym. so when the markets reversed. that was it for me.
o wells.

You would be surprised how many people can not figure out what that chart is showing...even to this day!

CJ

for real? i think they think beyond what they see.

but im seeing what you've marked out all over every pair on the 1H's. 1H being easiest to see that U in the volume. and then seeing whether price is a inverted U for weakness or a U or flat priceline for strength/accumulation.

really awesome.

learning alot.(n im guessing u use entropy on the larger TFs >4H back then to highlight stuff too)

it's been a rough end to the week to me. but more to learn n practice seeing and understanding from your work is a bright light for me.

edit:you're so visual too Captain. i love the way you explain your concepts. it nails what needs to be nailed! n makes actioning upon it so clear n direct.

Entropy is no longer incorporated into my trading. I will continue to monitor it's development and will be looking forward to seeing the 'trade bot" in action.

CJ

[Captain Jack]

Congratulations Kruspe. Your charts show that you have a good foundation for trading this way. Keep it up!

CJ

Hey CJ.. Your comment makes me more happy than pips I earned today

Hahaha! People tend to get too technical about all this stuff, and try to over analyze it..you can clearly see the consolidation zone, "the box" and the breaks from the box. The breaks are the targets to trade, however there are patterns inside the box when you wish to trade those. You will see me trade these all the times, but the main target is the move out of the consolidation zone.

If your trading platform supports it, you can go back 3-5 days on the weekends and mark up charts in the manner that you so. Once you have the boxes and breaks defined, zoom in a bit and start looking at the inner box workings.

CJ