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The Captains Chest - Naked Trading & Other Stuff
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Author:  mminhptit [ Wed May 15, 2024 2:27 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

danny2476 wrote: Thu May 09, 2024 6:53 pm I know that there is no need for any indicators for CJ's trading.
But at some point he also stated that the entropy indicator did help him increase confidence in the process of identification of entry points.
I was hoping it could also help me too.

I just had a quick look to FXAW forum, but I was not able to find any "Sign Up"
Is it possible that it no longer accepts any new members ?
Hi Danny. At some point in this thread CJ said he stop use entropy in his trading.
Author:  mminhptit [ Wed May 15, 2024 2:37 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

goodo wrote: Fri May 10, 2024 2:57 pm It's possible that they've stopped accepting new members, considering it's been around for quite some time now. It might even be inactive altogether. You could try reaching out to Craig at blutofx @ gmail. Just keep in mind that it used to be a paid system, and chances are it still is if it's operational.

The FX world is filled with gurus, and it's important to approach with suspicion, especially if you're new to this. As Rewand mentioned, you won't find many confirmations or assurances on the forum. In fact, you won't find them anywhere. Success in this field requires dedication – spending time on backtesting, forward testing, practicing, and learning to control your emotions. If you're still determined after all that, you might have a shot. On the other hand, there IS an edge to be found here. The thing is with so much overlap, it's easy to feel overwhelmed. But with perseverance, you might just find your way.

Best of luck on your journey!
Hi Goodo. What edge did you find in this thread? I developed my own way of level counting, but I wouldn't call it an edge.
Author:  rewand [ Thu May 16, 2024 5:47 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mminhptit wrote: Wed May 15, 2024 2:37 am
goodo wrote: Fri May 10, 2024 2:57 pm It's possible that they've stopped accepting new members, considering it's been around for quite some time now. It might even be inactive altogether. You could try reaching out to Craig at blutofx @ gmail. Just keep in mind that it used to be a paid system, and chances are it still is if it's operational.

The FX world is filled with gurus, and it's important to approach with suspicion, especially if you're new to this. As Rewand mentioned, you won't find many confirmations or assurances on the forum. In fact, you won't find them anywhere. Success in this field requires dedication – spending time on backtesting, forward testing, practicing, and learning to control your emotions. If you're still determined after all that, you might have a shot. On the other hand, there IS an edge to be found here. The thing is with so much overlap, it's easy to feel overwhelmed. But with perseverance, you might just find your way.

Best of luck on your journey!
Hi Goodo. What edge did you find in this thread? I developed my own way of level counting, but I wouldn't call it an edge.
Your level counting will give you an edge only if you fully understand what Page No1 stands for. That is how you know you got it right.
Author:  goodo [ Thu May 16, 2024 6:28 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mminhptit wrote: Wed May 15, 2024 2:37 am
Hi Goodo. What edge did you find in this thread? I developed my own way of level counting, but I wouldn't call it an edge.

That is a fair question. Regarding the specific edge I gained from CJ's explanations, it's nuanced. The thread served as a comprehensive repository of diverse trading concepts, while private chats with CJ and other members added depth to my understanding. My understanding began with the weekly structure or swing, but from that, I got to learn about everything, from fractals to Fibonacci retracements, supply and demand dynamics, session changes, Elliott waves, money management, adding to winners and the mythical forecasting or mapping among others, the thread provided a foundational understanding of various trading methodologies and technical analysis tools.

While some of these concepts may not have been mentioned verbatim on the thread but rather in private discussions, their collective influence significantly impacted my journey. At the time of encountering the thread, I was in the beginning stages of my training, lacking a solid grasp of price action analysis and market behavior. If the big boys were talking about something I didn't understand I would spend the following days looking for that information, studying it and applying it on the simulator.

The edge I gained wasn't a sudden revelation but rather a gradual accumulation of insights and understandings. It sparked my curiosity, offering numerous ideas to explore and integrate into my trading strategy. Through diligent study, reflection, and practical application, I developed a trading style that suited my objectives, drawing from a synthesis of techniques and principles gathered from this thread as well as from other sources. It served as a catalyst in my development, empowering me to construct a comprehensive approach to trading. I often revisited it as I learned from other avenues, integrating and internalizing new information.

In essence, the edge I found was the exposure to a wealth of trading knowledge and perspectives, which ultimately shaped my approach to trading. While this experience may vary for others, it has been pivotal for me. It serves as a powerful reminder of the value of continuous education and the significance of delving deep into market dynamics in pursuit of trading success.

I will repeat though, that there is no free meal here. From when I began my journey to where I am right now, I have failed a thousand times and suceeded a thousand and one. However, as long as you maintain curiosity and persistently refine your methodology and understanding you will prevail. There are no absolutes and many times when studying I have felt it better to rather analyze where a technique fails than when it succeeds. Additionally, navigating the psychological aspects of trading, maintaining objectivity under pressure, and learning about oneself are integral parts of the journey. These lessons can only be truly internalized through constant application, learning from mistakes, and developing strategies to mitigate emotional biases.

I will stop writing now, the more I think about it the more examples come to mind. I am sorry I can't give you a straight specific answer and I feel like I am definitely preaching to the choir here. Cheers.
Author:  rambo06 [ Thu May 16, 2024 10:49 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mminhptit wrote: Wed May 15, 2024 2:37 am
goodo wrote: Fri May 10, 2024 2:57 pm It's possible that they've stopped accepting new members, considering it's been around for quite some time now. It might even be inactive altogether. You could try reaching out to Craig at blutofx @ gmail. Just keep in mind that it used to be a paid system, and chances are it still is if it's operational.

The FX world is filled with gurus, and it's important to approach with suspicion, especially if you're new to this. As Rewand mentioned, you won't find many confirmations or assurances on the forum. In fact, you won't find them anywhere. Success in this field requires dedication – spending time on backtesting, forward testing, practicing, and learning to control your emotions. If you're still determined after all that, you might have a shot. On the other hand, there IS an edge to be found here. The thing is with so much overlap, it's easy to feel overwhelmed. But with perseverance, you might just find your way.

Best of luck on your journey!
Hi Goodo. What edge did you find in this thread? I developed my own way of level counting, but I wouldn't call it an edge.
If you absorb the thread in full you will understand the areas that MM's normally drive price to (where the 3 pushes end) and the patterns they present when they arrive there (movement at each level).

They present the same patterns with slight variations so the level as a whole will look completely different but if you look closely it's the same. Sometimes they bring one part of a pattern higher or lower to accomplish this and other times they add chop. It all depends..

After a while, you will develop instincts and can trade the patterns at each level (bc you know where price will pause and you know the general patterns to shake traders out), along with the pushes to the next location as CJ was showing with the first pattern of this thread..

Goodluck
Author:  mminhptit [ Fri May 17, 2024 5:57 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

rewand wrote: Thu May 16, 2024 5:47 pm Your level counting will give you an edge only if you fully understand what Page No1 stands for. That is how you know you got it right.
Hi Rewand. Tks you for your tip. Do you talk about CJ's A->K EUR/GBP chart?
Author:  mminhptit [ Fri May 17, 2024 6:07 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

goodo wrote: Thu May 16, 2024 6:28 pm That is a fair question. Regarding the specific edge I gained from CJ's explanations, it's nuanced. The thread served as a comprehensive repository of diverse trading concepts, while private chats with CJ and other members added depth to my understanding. My understanding began with the weekly structure or swing, but from that, I got to learn about everything, from fractals to Fibonacci retracements, supply and demand dynamics, session changes, Elliott waves, money management, adding to winners and the mythical forecasting or mapping among others, the thread provided a foundational understanding of various trading methodologies and technical analysis tools.

While some of these concepts may not have been mentioned verbatim on the thread but rather in private discussions, their collective influence significantly impacted my journey. At the time of encountering the thread, I was in the beginning stages of my training, lacking a solid grasp of price action analysis and market behavior. If the big boys were talking about something I didn't understand I would spend the following days looking for that information, studying it and applying it on the simulator.

The edge I gained wasn't a sudden revelation but rather a gradual accumulation of insights and understandings. It sparked my curiosity, offering numerous ideas to explore and integrate into my trading strategy. Through diligent study, reflection, and practical application, I developed a trading style that suited my objectives, drawing from a synthesis of techniques and principles gathered from this thread as well as from other sources. It served as a catalyst in my development, empowering me to construct a comprehensive approach to trading. I often revisited it as I learned from other avenues, integrating and internalizing new information.

In essence, the edge I found was the exposure to a wealth of trading knowledge and perspectives, which ultimately shaped my approach to trading. While this experience may vary for others, it has been pivotal for me. It serves as a powerful reminder of the value of continuous education and the significance of delving deep into market dynamics in pursuit of trading success.

I will repeat though, that there is no free meal here. From when I began my journey to where I am right now, I have failed a thousand times and suceeded a thousand and one. However, as long as you maintain curiosity and persistently refine your methodology and understanding you will prevail. There are no absolutes and many times when studying I have felt it better to rather analyze where a technique fails than when it succeeds. Additionally, navigating the psychological aspects of trading, maintaining objectivity under pressure, and learning about oneself are integral parts of the journey. These lessons can only be truly internalized through constant application, learning from mistakes, and developing strategies to mitigate emotional biases.

I will stop writing now, the more I think about it the more examples come to mind. I am sorry I can't give you a straight specific answer and I feel like I am definitely preaching to the choir here. Cheers.
Hi Godoo, your answer is perfect. I'm in the same boat with you. I stumped in this thread when I just started about 1 month with no basic trading knowledge. Reading your post brings back the memories :) . I have learned my lesson, in a hard way. I'm just curious what things other people learn from this thread to create for themself an edge, and I now understand your view. Thank you.
Author:  mminhptit [ Fri May 17, 2024 6:42 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

rambo06 wrote: Thu May 16, 2024 10:49 pm If you absorb the thread in full you will understand the areas that MM's normally drive price to (where the 3 pushes end) and the patterns they present when they arrive there (movement at each level).

They present the same patterns with slight variations so the level as a whole will look completely different but if you look closely it's the same. Sometimes they bring one part of a pattern higher or lower to accomplish this and other times they add chop. It all depends..

After a while, you will develop instincts and can trade the patterns at each level (bc you know where price will pause and you know the general patterns to shake traders out), along with the pushes to the next location as CJ was showing with the first pattern of this thread..

Goodluck
Hi Rambo.Thank you for your answer. There are parts in this thread about areas MM drive price to? Can you please explain more about this? I remember CJ talking about common ground, but that's it, it's difficult to predict where Lv3 ends. In my experience, M/W can happen at lv3 or not, it's not reliable. 3 pushes are not reliable, it can be 1,2, or more pushes. The same can be said about the pins bar.

About patterns, I agree that they are the same with some variations. But then, the part that they can bring the price higher or lower is very dangerous and difficult to trade. Go in early? they can bring the price higher/lower to get you into DD trouble. Not go in early? you can miss the opportunity, sometimes in the past, at this point price did move in our favor. Go in early and add entries if the price goes again you? It's great until it backfires when the patterns mutant into one another. Pattern recognition helps me a lot, but it must go along with structure understanding and money management. At the end of the day, when I look back, I can't call this an edge anymore.
Author:  rewand [ Fri May 17, 2024 6:59 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

mminhptit wrote: Fri May 17, 2024 5:57 am
rewand wrote: Thu May 16, 2024 5:47 pm Your level counting will give you an edge only if you fully understand what Page No1 stands for. That is how you know you got it right.
Hi Rewand. Tks you for your tip. Do you talk about CJ's A->K EUR/GBP chart?
Yes and all the explanations to it that come early in the thread.
But I also must say that I do not wish to discuss matters here. There is my website, there is my LinkedIn page (Forex Education for Everyone) that you can follow and you can read about the basic tenets that should guide you along your journey. Those are free stuff. Read, comment and use those things to check on your understanding of this thread and your understanding of why, when and how price moves. You may also want to find people who are willing to work and discuss this trading style so you can learn and develop your skills together.
A.
Author:  mminhptit [ Fri May 17, 2024 7:07 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

rewand wrote: Fri May 17, 2024 6:59 am Yes and all the explanations to it that come early in the thread.
But I also must say that I do not wish to discuss matters here. There is my website, there is my LinkedIn page (Forex Education for Everyone) that you can follow and you can read about the basic tenets that should guide you along your journey. Those are free stuff. Read, comment and use those things to check on your understanding of this thread and your understanding of why, when and how price moves. You may also want to find people who are willing to work and discuss this trading style so you can learn and develop your skills together.
A.
Tks Rewand. I look into your website and it seems I have a different view. I have no doubt that you are a great trader but I will continue with what working for me now.
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