The Captains Chest - Naked Trading & Other Stuff

[swisscheese]

GBPUSD - we were looking for the rise....

CJ

Good morning everybody
I'll monitor this one as it could jump over this former sell level.

Hava a good week
Edi

[odellcash]

First time posting on this great thread! A quick thanks to the Captain for taking the time to teach us his methodology!

Question. Is it me or do all of the Yen pairs look like they're ready to reverse?

[odellcash]

When analyzing RRT for a reversal to the long, are there patterns as to the length of the pins that holds clues as to rather or not this may be the reversal? For example; Should the the pins be pretty even? or perhaps the 2nd pin should have a higher low to trap the first pin shorts.... (of course the 2nd pin hasn't closed so we aren't sure that it will remain a higher low)

[lhDT]

I like a GBP/JPY long here at support.

[lhDT]

GBP/JPY & NZD/JPY

[eltax100]

possible setup for 20 pips ?

[The_Snowman]

All of those indicators were available on the FF page that had the pips per trade indi, that I posted awhile back...

CJ

Unfortunately, Steve forum does not have the functionality to find attachments within a thread, the same as FF forum, which is why there are many repeat request for indicators that may not be in Post #1, unless I am missing something, please enlighten me

[Reaper]

Those are all 5-10 full lot trades.... it isn't always about the pips...

CJ

You're absolutely right...getting more pips by trying to capture every move on the daily can be fun but what I'm starting to realise is, if I know price is starting a new 3 level move, why should I get involved in every little move here and there, every stop hunt, every pattern. I'm just opening myself up to more risk.

As you have pointed out it comes down to making money. e.g I can set a nice sized trade with a small stop above the high of an M before a downward 3 level move begins. Whether is takes 3 days or 5 days to complete I know I'll be a winner without worrying about stophunts and other pitfalls..

Cheers

[Mescalitofx]

AUDUSD Sell

3rise on 15 min + RTT and M formed.

[lhDT]

AUDUSD Sell
3rise on 15 min + RTT and M formed.

Where do u see the RRT ?