The Captains Chest - Naked Trading & Other Stuff

[rewand]

Invaluable lesson. Thanks CJ

Everybody needs to understand that WE do not control where price goes. SUPPLY AND DEMAND does not really control where price goes because they create the S/D zones, (areas of interest), where both bulls and bears are brought together for the slaughter. They just created a FALSE S/D area on all the charts to follow today. You watched them do it without even knowing it. If they create FALSE areas such as this, then what use are pivots, fibos and all the other stuff that are based on S/D zones? The use of such tools is to bring traders to the slaughter. The more that show up, the greater they can push price and profit from the outcome.

Get all that stuff off your screens and look at price, watch what they do with it and how it is manipulated.

Lies, deceit and deception is the name of the game. Don't fall for it.

-CJ-

So they do not control all the dots (like major price points of interest on higher TFs, or an effect that they cant prevent but delay) but control how the dots get connected (like using those zigzags on lower TFs to their advantage? So if the trader really knows where price is heading then he should just smile at all those tricks all along the way. Naughty little boys, trying to cross our way, they are indeed.

[Captain Jack]

So they do not control all the dots (like major price points of interest on higher TFs, or an effect that they cant prevent but delay) but control how the dots get connected (like using those zigzags on lower TFs to their advantage? So if the trader really knows where price is heading then he should just smile at all those tricks all along the way. Naughty little boys, trying to cross our way, they are indeed.

You are wrong, they control all of it.

Consider - All patterns repeat across all time frames, at different points in time. That being true, and it is, when you see a pattern on the 15M time frame, nearly the same pattern will appear, I should say be created, on all of the higher time frames. So if you create a false area on a 15M time frame, is this false area of S/D not also created on all of the higher time frames, at later dates.? The areas of false support on the higher time frames will be different due to the scaling differences, but will be relative to the spatial properties of the pattern.

So no matter what time frame you use, no matter what utility you use, say daily, weekly, monthly, 15m, 30m, H1 or H4 pivots, ALL of them are based on manipulated price patterns because they are all relative to the patterns created on the lowest time frame. Daily market conditions and "events" will have some say in the matter, but for the most part, they are used to move price as we saw today.

What you need to understand when price is approaching an area of interest, somebody is going to get slaughtered. That's why the areas exist

-CJ-

[Zaleske]

Thanks for a great lesson! I fell into that trap too, and bled more than I was supposed to allow, but took back a bit.

This in particular, made my day:

"If you expect price to travel from point A to point B, to enter a trade at point b, why would you not enter a trade in the direction towards point b? Take what they offer and don't give it back, they don't need it.

Had you done that this morning, you would have feasted well!"

I've been thinking that a lot lately, seeing a lot of good first hunches go to waste. I was up early this morning (EU all the more) and could have taken that long anytime. That crossed my mind. But then again, I probably would have closed it too early. The wait for the hands to be shown is my biggest problem (fear and greed heh) .

I bet many people here would fare a lot better if they were to focus on letting the fear go, and work on their patience, myself included. My second biggest flaw is the 'withdrawal after the defeat'. We should not withdraw, but regroup. Look again in a while. Chances are your intuitions were correct, and still are.

So yeah, another point to work on, if you did miss the start, learn to hop on!

[Zaleske]

Oh and by the way, doesn't UJ look like the earlier expected sequence again, only larger?

[rewand]

So they do not control all the dots (like major price points of interest on higher TFs, or an effect that they cant prevent but delay) but control how the dots get connected (like using those zigzags on lower TFs to their advantage? So if the trader really knows where price is heading then he should just smile at all those tricks all along the way. Naughty little boys, trying to cross our way, they are indeed.

You are wrong, they control all of it.

Consider - All patterns repeat across all time frames, at different points in time. That being true, and it is, when you see a pattern on the 15M time frame, nearly the same pattern will appear, I should say be created, on all of the higher time frames. So if you create a false area on a 15M time frame, is this false area of S/D not also created on all of the higher time frames, at later dates.? The areas of false support on the higher time frames will be different due to the scaling differences, but will be relative to the spatial properties of the pattern.

So no matter what time frame you use, no matter what utility you use, say daily, weekly, monthly, 15m, 30m, H1 or H4 pivots, ALL of them are based on manipulated price patterns because they are all relative to the patterns created on the lowest time frame. Daily market conditions and "events" will have some say in the matter, but for the most part, they are used to move price as we saw today.

What you need to understand when price is approaching an area of interest, somebody is going to get slaughtered. That's why the areas exist

-CJ-

OK, but how about price moving from 100 to 125, then back to 100? Do they control the direction up and down with intent all the way and not just the way price travels? Are they the strongest?

[Captain Jack]

OK, but how about price moving from 100 to 125, then back to 100? Do they control the direction up and down with intent all the way and not just the way price travels? Are they the strongest?

Don't confuse world bank policy with MM activity. They control the long term movements as you describe and they are the ones who bring events into play like the CHF "black swan".

MM make the market. When somebody wants to sell, they make the market and buy. When somebody is buying, they make the market and sell. They do not have unlimited resources like world banks. They must clear their books to free up capital. World banks have no capital restrictions. Like us, MM's are traders in a way, but different. When you enter a long trade, you expect prices to go higher and close it out for profit. Just the opposite for a short trade. So in essence, you buy the pair going up and sell it going up, hopefully for profit. When the market is moving higher, they are selling it up. As the market goes higher, they sell and sell. How do they get their payoff? They get it by bringing price back below their average cost per trade, to a point where they profit. It's like you going 600 pips into draw down and praying for help. They go into DD as a way of making profit, by bringing price back to clear the DD plus. When the market is going lower, they are buying it down, only to reverse later, and go higher than their avg. buy price to clear their books.

Consider also - the patterns repeat and each time they appear, the price and time scale to complete them is larger for each time frame as you go up in length. So if a spike hits on the 15M and price went up or down 100 pips, how many pips do your think price will move on say the H1, the Weekly or the Monthly charts when the spike pattern hits them? They will be huge! I've shown where the CHF black swan event pattern had already been completed on the lower time scale, well in advance of the collapse. Patterns repeat right? So when the pattern matures on a D1 or higher, what was a 100 pip spike on a 5M chart could be 1000 pips on a D1.

No MM is holding orders when price goes from 125 to 100. They trade and clear their books the same as we do as it moves. Banks hold and build positions like that, not MM's. World banks monetary policy provides the long term direction and intent. They are the Alpha predators....when they feed, they gobble up everything.

Look at the chart. No price scale, no time scale, no pair info. Nothing but price. What do you "see"? You have ALL seen it over and over yet you don't really see it for what it is. Many of you traded in the past and maybe still do today:

It's what happens everyday during the NY reversal, into the Asian ranging session with a breakout in the London session. Only this isn't the Asian market, this was what we saw on UJ today. It is from a smaller time frame pattern that took place during the the NY reversal, Asian range, with a breakout that occurred earlier in time. Wasn't too long ago though. And here we see it as a mature pattern on the 15M time frame. We WILL see it again on the 30m, the H1, the H4 and every other time frame above, at some point in future time.

Do you see the movement from points a-g? This can be 2 or more banks working together to walk price up or down by trading between themselves. Once they finish the walk, they work together to push price fast and hard so traders never get the op to join in. They get to a point and that advance is slowed or paused, usually at a much higher or lower price. This is where they widen the spread and load up on orders. They stopped the train to let passengers on, who think they are going to the right destination, only to find they boarded the wrong train. Once the traders are trapped, they move price away from them and head towards their payoff.

OVER AND OVER AND OVER AND OVER AGAIN! THEY DON"T WORRY ABOUT COMPLAINTS FROM THE PASSENGERS BECAUSE THEY KNOW THEY WILL RETURN AGAIN AND AGAIN, TO BUY THE TICKET FOR A RIDE TO THE WRONG DESTINATION. THEY GET PAID AND YOU GET STRANDED.

Understand what you are looking at because you see it every day. If you don't understand it and can't see it, then spend your hard earned money on yourself, your family and friends before they take it from you. Get off the train and get out of the market.

-CJ-

2016-10-12_19-21-55.jpg

[Innate]

OK, but how about price moving from 100 to 125, then back to 100? Do they control the direction up and down with intent all the way and not just the way price travels? Are they the strongest?

Wow CJ you have patience.

I was just posting saying please go back to page 1 and read form there. This has all been said over and over.

[Captain Jack]

Wow CJ you have patience.

I was just posting saying please go back to page 1 and read form there. This has all been said over and over.

Working on some content for the DFC so I had alternative motives.

-CJ-

[Innate]

Wow CJ you have patience.

I was just posting saying please go back to page 1 and read form there. This has all been said over and over.

Working on some content for the DFC so I had alternative motives.

-CJ-

Spooky timing. I just posted this reply asking what is the DFC?

This is part of the map generated for DFC Advanced members:




So what happened?

DFC Advanced members? May I inquire what is this please?

[Captain Jack]

Spooky timing. I just posted this reply asking what is the DFC?

DFC Advanced members? May I inquire what is this please?

Daily Forex Circle

The premium service based on the info provided within this thread.

Introducing Captain Jack's Naked Trading Premium Service

Lots of info in the thread and the site has just went through an update.

-CJ-