The Captains Chest - Naked Trading & Other Stuff

[swisscheese]

Changed direction on these 2

[magdelen]

There is a huge head &shoulders on GU 1H chart , and the neckline is right on yesterdays low, so if it breaks could be a big reversal, i will be at work today, so i cannot watch it

[Sequoia]

EUR/GBP m15

Could be a "W"´s second leg pining near Asian low 0.8525

Thanks CJ you are very kind to share with us , I hope one day I can give something back.

Edit :I added a second trade

Second Edit : Manufacturing Production m/m -GBP , I didnt see that is coming in 20 min , closed both, as we should expect some stop hunt .

[bernard]

There is a huge head &shoulders on GU 1H chart , and the neckline is right on yesterdays low, so if it breaks could be a big reversal, i will be at work today, so i cannot watch it

Magdalen,
You know it, I know it and almost every forex trader knows the Head and Shoulders.
Do you think the fox does not know it?
That is why, especially on H1, most of the Head and Shoulders fail.
At shoulder level, the fox grabs all the stops and heads north.

Here, we follow the fox, not the chickens

Bernard

[ernest02]

Good morning everybody
My Entries weren't that bad yesterday

DD on EURUSD was 25 Pips

Have a good Day
Edi

Swisscheese congratulations on a high percentage of winners! Looks like you know what you are doing. I have tried to discover the reason for every one of your trades, but although I think I know some of them I would really like for you to help us to understand what the reasoning was behind every trade. For example:

EURUSD Long tailed pin in uptrend (or whatever)

And so on. Just the pair and one or two words why you took that trade. It will be GREATLY appreciated!!

[swisscheese]

Good morning everybody
My Entries weren't that bad yesterday

DD on EURUSD was 25 Pips

Have a good Day
Edi

Swisscheese congratulations on a high percentage of winners! Looks like you know what you are doing. I have tried to discover the reason for every one of your trades, but although I think I know some of them I would really like for you to help us to understand what the reasoning was behind every trade. For example:

EURUSD Long tailed pin in uptrend (or whatever)

And so on. Just the pair and one or two words why you took that trade. It will be GREATLY appreciated!!

Hi Ernest
Have a look at this Trade here...

Edi

[swisscheese]

AUDUSD
This time PA climb in a much "cleaner" way uphill.
This move upwards looks for me stronger.
Not realy an academic explanation...sorry

[Amit]

I give it a try
we will see
Edi

haha interesting, i took the opposite direction, with SL pegged at last hour's lowest low

Look at the upper wicks on the 4hTF

Edi

A question here. there was a nice RR yest which i took a short on and then had to cover with meagre 21 pips. And that coincided with a 3 level rise . However , the price still went higher. Now , what was the logic behind ur pinbar trades on JPYs since these pairs reverse on the 2/3 rd bar ... Just wanna learn.

[swisscheese]

I give it a try
we will see
Edi

haha interesting, i took the opposite direction, with SL pegged at last hour's lowest low

Look at the upper wicks on the 4hTF

Edi

A question here. there was a nice RR yest which i took a short on and then had to cover with meagre 21 pips. And that coincided with a 3 level rise . However , the price still went higher. Now , what was the logic behind ur pinbar trades on JPYs since these pairs reverse on the 2/3 rd bar ... Just wanna learn.

After that steep Climb, PA took a rest and couldn't go on with higher prices.
As there where no buyers the seller came in (pins...)

[lhDT]

AUDUSD
This time PA climb in a much "cleaner" way uphill.
This move upwards looks for me stronger.
Not realy an academic explanation...sorry

That isn't a bit dangerous just below 1.05 and at the top ? Or maybe 1.05 is your TP ?