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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 [ Thu Mar 28, 2013 7:20 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
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 |
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| Author: | stevelacoste [ Thu Mar 28, 2013 7:36 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Hi CJ what do you think the forecast is for EUR/NZD next week Have a happy Easter Steve |
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| Author: | Captain Jack [ Thu Mar 28, 2013 7:41 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
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 |
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| Author: | Kruspe [ Thu Mar 28, 2013 7:46 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
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. |
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| Author: | nicoacademia [ Thu Mar 28, 2013 8:09 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
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) 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. |
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| Author: | Captain Jack [ Thu Mar 28, 2013 8:23 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Congratulations Kruspe. Your charts show that you have a good foundation for trading this way. Keep it up! CJ |
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| Author: | Captain Jack [ Thu Mar 28, 2013 8:25 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
You would be surprised how many people can not figure out what that chart is showing...even to this day! CJ |
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| Author: | nicoacademia [ Thu Mar 28, 2013 8:33 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
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. |
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| Author: | Captain Jack [ Thu Mar 28, 2013 8:42 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
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 |
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| Author: | Captain Jack [ Thu Mar 28, 2013 8:49 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
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 |
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