stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 141 of 1600
Author:  nicoacademia [ Fri Mar 29, 2013 4:09 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
something seeing now on the GU
130329 gu.png
Author:  Captain Jack [ Fri Mar 29, 2013 4:38 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
nicoacademia wrote:something seeing now on the GU
130329 gu.png
I see price setting up for level 2 consolidation and you getting locked into the range...setting up for a gap move on Monday....

Since this is a level 2 rise, the gap "may" be to the lower side Monday, before rising to level 3....

In your count, you have marked the stop hunt as level 2. You can't have 2 levels of rise on 1 day, which you have done with levels 1 and 2.

You will need the gap down Monday to exit this trade if it plays out that way....otherwise it may go against you....

CJ
Author:  Captain Jack [ Fri Mar 29, 2013 4:43 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
eltax100 wrote:Hi guys
just fantastic thread
I guess putting in a lot of screen time will pay off

Barron
There isn't enough volume to move price much today...look for price to range to the close....same situation with the other pair today. Not trading anything myself.

CJ
Author:  Captain Jack [ Fri Mar 29, 2013 4:50 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
SteveHopwood wrote:I was not sure I could spot the M's and W's, so I pulled my charts out so I could see the passage of a lot of time. The shapes leap out at you when you do that.

I placed some vertical lines at the start of the second leg of a few so I could find them again when I went close again to see the detail.

Sure enough, there is a pinbar or rrt there every time.

:D
Look at the charts across the higher time frames as well...you will see ample trading opportunities for taking longer term trades off the patterns...

This is also a great way to determine price direction and staying on the right side of it during trades taken on the smaller time frames...

CJ
Author:  Captain Jack [ Fri Mar 29, 2013 4:56 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
eltax100 wrote:Hi Guys

The following link is to my public folder on Dropbox, You will find a pdf summery of the thread so far hope this helps some.

https://www.dropbox.com/sh/dxgt5h2fh6mc ... n=10122712


Barron
I've attached a copy of the PDF file on page one of the thread. Let me know when you update it and I'll post the updates as well. Thanks!

File size is too large to allow placing it on page one...posted the link to Barron's DropBox there instead...

CJ
Author:  Durante [ Fri Mar 29, 2013 4:58 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote:
eltax100 wrote:Hi guys
just fantastic thread
I guess putting in a lot of screen time will pay off

Barron
There isn't enough volume to move price much today...look for price to range to the close....same situation with the other pair today. Not trading anything myself.

CJ
Any chance they're waiting for London to close and traders to get tired before using the low liquidity excuse to move a level?
Author:  Captain Jack [ Fri Mar 29, 2013 5:04 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Durante wrote:
Captain Jack wrote:
eltax100 wrote:Hi guys
just fantastic thread
I guess putting in a lot of screen time will pay off

Barron
There isn't enough volume to move price much today...look for price to range to the close....same situation with the other pair today. Not trading anything myself.

CJ
Any chance they're waiting for London to close and traders to get tired before using the low liquidity excuse to move a level?
Anything is possible during low liquidity...still not trading anything here till Monday.

CJ
Author:  Captain Jack [ Fri Mar 29, 2013 5:14 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Spread widening on the last pin....GBPUSD....

CJ
Author:  Captain Jack [ Fri Mar 29, 2013 5:18 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Spread widening to the low side...this is what happens when they create the pins....

CJ
Author:  Durante [ Fri Mar 29, 2013 5:24 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote:...still not trading anything here till Monday.

CJ
Good idea. I'll follow your example. I've a small buy on GU so might just move the stop to BE and call it a day. Have a good weekend everyone - give yourselves a rest from the charts so you your mind is clear & refreshed by Monday :)
All times are UTC Page 141 of 1600

Powered by phpBB® Forum Software © phpBB Limited