The Captains Chest - Naked Trading & Other Stuff

Post by **michosz** » Wed Nov 23, 2016 1:24 pm

NU

The same pattern

Post by **rewand** » Wed Nov 23, 2016 2:46 pm

EURUSD, hitting bottom?

sknight1 · Post by **sknight1** » Wed Nov 23, 2016 8:53 pm

So, how do you figure out a level count on pairs such as the jpy right now.... AJ, GJ, NJ, UJ....?? I was watching the H1's looking for short entries, and did get a couple of 50 pip moves. But, even looking at H4 timeframes, those pairs just keep climbing north. Way past the typical three levels from what I can see.

Post by **rewand** » Thu Nov 24, 2016 3:39 am

sknight1 » Wed Nov 23, 2016 8:53 pm wrote:So, how do you figure out a level count on pairs such as the jpy right now.... AJ, GJ, NJ, UJ....?? I was watching the H1's looking for short entries, and did get a couple of 50 pip moves. But, even looking at H4 timeframes, those pairs just keep climbing north. Way past the typical three levels from what I can see.

Only looking at UJ for trades, identified 1 level up on H4, from then on it is just an intense upmove, no established L2 level yet, if it ever comes. Now it looks like finally giving in on H1 with a strong 3 push up and rrt, hints for a reverse, at least for me and for now. I would count at least 4 levels on H1.

sknight1 · Post by **sknight1** » Thu Nov 24, 2016 5:13 am

rewand » Wed Nov 23, 2016 9:39 pm wrote:
sknight1 » Wed Nov 23, 2016 8:53 pm wrote:So, how do you figure out a level count on pairs such as the jpy right now.... AJ, GJ, NJ, UJ....?? I was watching the H1's looking for short entries, and did get a couple of 50 pip moves. But, even looking at H4 timeframes, those pairs just keep climbing north. Way past the typical three levels from what I can see.
Only looking at UJ for trades, identified 1 level up on H4, from then on it is just an intense upmove, no established L2 level yet, if it ever comes. Now it looks like finally giving in on H1 with a strong 3 push up and rrt, hints for a reverse, at least for me and for now. I would count at least 4 levels on H1.

Yep, kind of confusing, isn't it.

dawidforex · Post by **dawidforex** » Thu Nov 24, 2016 7:17 am

Post by **rewand** » Thu Nov 24, 2016 7:24 am

sknight1 » Thu Nov 24, 2016 5:13 am wrote:
Yep, kind of confusing, isn't it.

Their job is to take us for a ride, ours is to outsmart them and get it for free. Let's see if we are, with so many pairs displaying similarities, at the end of the move. Not with the best entries, but I am in. If wrong, I write off the loss.

sknight1 · Post by **sknight1** » Thu Nov 24, 2016 7:43 am

So, were you stopped out ????
I was.... twice.

Post by **fahedksa** » Thu Nov 24, 2016 8:23 am

rewand » Thu Nov 24, 2016 10:24 am wrote:
sknight1 » Thu Nov 24, 2016 5:13 am wrote:
Yep, kind of confusing, isn't it.
Their job is to take us for a ride, ours is to outsmart them and get it for free. Let's see if we are, with so many pairs displaying similarities, at the end of the move. Not with the best entries, but I am in. If wrong, I write off the loss.

I was also lokking to short USDJPY from same location specially after 3 candle up in 1H time frame but i don't because there is no pins upside which if there is aa pins show that price will start go down.
But i open long position in EURUSD lets see if its wrong or right.

Post by **rewand** » Thu Nov 24, 2016 11:54 am

sknight1 » Thu Nov 24, 2016 7:43 am wrote:So, were you stopped out ????
I was.... twice.

Yes, UJ EU all stopped me out. Entered second time on both though, I am happy with the outcome and let some positions open, really curious how far they run from here. Are they the ones that run 3-400 pips?

Honestly, I did not expect them to behave this way and was looking for clues feeling a bit lost, but then I was sitting at my computer and heard the CPU kept switching on the fan to higher speed and then I remembered that CJ could even hear stop hunting and I saw price moving viciously and I realized it is near month end and I thought it is just a stop hunt that should end soon. Now, this experience I will keep in my mind, so I can just smile and say next time when this happens again: oh foxy, cant you do better, this is all you can do?