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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 213 of 1600
Author:  Captain Jack [ Thu May 09, 2013 5:34 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
intcust wrote:as I understand the BARF one has a tran line in this case going up with a steeper trend line also going up then price breaks the steeper trend line and should also break the original trend line or lead in line in this case we have the lead in line with a steeper trend line not shown and price bouncing back to the lead line but not breaking through that's my take but what do I know I'm always wrong As far as news goes one must always consider that Washington or other capitals usually find it hard to keep secrets so news to us might be a surprise but I'm sure to the Fox it was already known
http://stockcharts.com/school/doku.php? ... n_reversal

ALL conditions need to be met...or no BARF

CJ
Author:  kwanann [ Thu May 09, 2013 6:10 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote:
Captain Jack wrote:
mrelectron wrote:<snip>
.... people noticed it but I took several trades with so called "news" pending
</snip>

I noticed the link between your trades and the news (I'm in Australia, so pay a bit of attention to AUD & NZD) and that's why I was so agog with the preciseness of your trades.
Charts don't lie but the Fox does....

I was out or I would have hammered the hell out of the AUD pairs before the news.... NZD showed the way.... I got enough for today though...

CJ
Interesting thing to pocket, currency correlation.

I noticed nzd went up about an hour before, totally forgot to correlate that to aud. had a pending buy for audusd, too bad it was a tad too low, else would have been triggered when they spiked it down to give the shorts a bad time
Author:  pips400 [ Thu May 09, 2013 10:46 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Hi CJ I've been putting in many many many hours into naked trading particular your teaching and I feel like I'm really close to nailing this, but sometimes I get stuck as in the following example of the AUDUSD. I included the 4Hr and 1 Hr charts, which in my eye give opposite trade bias. For example on the 1 Hour, we've complete a 3 day push to the downside with a W formation over the previous two days, so I would definately be looking to go long, even having the first push up to date. So then I'm looking for the next push up by looking for manipulation to the downside. The problem for me arises when I look at the 4 hour chart, we've had two pushes down, and a possible bounce of the trendline, so I'd be looking to go short. That's the dilemma, my response would be to walk away, but then I thought I wonder what CJ sees, which could unlock something I'm missing. So if possible could you say what you see on this pair. As always my thanks.

AUDUSD 1Hour
AUDUSD 1HR.JPG
AUDUSD 4Hour
AUDUSD 4HR.JPG
Pips400
Author:  ernest02 [ Thu May 09, 2013 12:07 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
pips400 wrote:Hi CJ I've been putting in many many many hours into naked trading particular your teaching and I feel like I'm really close to nailing this, but sometimes I get stuck as in the following example of the AUDUSD. I included the 4Hr and 1 Hr charts, which in my eye give opposite trade bias. For example on the 1 Hour, we've complete a 3 day push to the downside with a W formation over the previous two days, so I would definately be looking to go long, even having the first push up to date. So then I'm looking for the next push up by looking for manipulation to the downside. The problem for me arises when I look at the 4 hour chart, we've had two pushes down, and a possible bounce of the trendline, so I'd be looking to go short. That's the dilemma, my response would be to walk away, but then I thought I wonder what CJ sees, which could unlock something I'm missing. So if possible could you say what you see on this pair. As always my thanks.
I would really like to see CJ's response to this, but I get the feeling you are not distinguishing between "pushes" and "levels" - something the Captain has explained many times - and that's where your confusion comes from. Forgive me if I am wrong!
Author:  kwanann [ Thu May 09, 2013 12:54 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
pips400 wrote:Hi CJ I've been putting in many many many hours into naked trading particular your teaching and I feel like I'm really close to nailing this, but sometimes I get stuck as in the following example of the AUDUSD. I included the 4Hr and 1 Hr charts, which in my eye give opposite trade bias. For example on the 1 Hour, we've complete...
Pips400
This is what i figured.

anyway, typically if u can't tell what is happening, don't trade that pair

3 pushes: 3 bars of the same time in the 15 min timeframe, e.g 3 bear bars
3 levels: 3 "down" or "up" levels over 3 days on the 15 min time frame
Author:  kwanann [ Thu May 09, 2013 1:10 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Been quite a while since i posted some charts. Somehow got my vision clouded the past few days. Got most of it sorted out after a quick read of all the posts starting from page 1

*Edit, updated CADJPY, misread the levels, added usdjpy

might get screwed on those 2, lets see how it goes
Author:  Captain Jack [ Thu May 09, 2013 1:33 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
pips400 wrote:Hi CJ I've been putting in many many many hours into naked trading particular your teaching and I feel like I'm really close to nailing this, but sometimes I get stuck as in the following example of the AUDUSD. I included the 4Hr and 1 Hr charts, which in my eye give opposite trade bias. For example on the 1 Hour, we've complete a 3 day push to the downside with a W formation over the previous two days, so I would definately be looking to go long, even having the first push up to date. So then I'm looking for the next push up by looking for manipulation to the downside. The problem for me arises when I look at the 4 hour chart, we've had two pushes down, and a possible bounce of the trendline, so I'd be looking to go short. That's the dilemma, my response would be to walk away, but then I thought I wonder what CJ sees, which could unlock something I'm missing. So if possible could you say what you see on this pair. As always my thanks.

AUDUSD 1Hour
AUDUSD 1HR.JPG
AUDUSD 4Hour
AUDUSD 4HR.JPG
Pips400
I can't tell you how to trade based on what you see on various time frames. You will always have opposing signals on one time frame or another otherwise your chart would look like a straight line.

Are you trading on the 1H or the 4H time frame? What are "your" trade goals? What do you expect to gain from the trade? Do you have a target TP in mind? Could you take a trade one way based on the 1H and then another based on the 4H? Are you looking for confluence across multiple time frames before entering a trade? Do you always trade with the trend or do you make counter trend trades when they appear? Questions I can't answer because it's your trade.....

I've said before, 50 pips is a good target for trading the "pushes" on the 15M time frame. Would the 1H trade have provided 50 pips? You could have as many spurts in price, or "pushes" over the 3 levels in 3 day cycles.....

Take what is given and close the trade in profit. Your goal is to determine what direction price is moving and get a piece of that move.

CJ
Author:  Reaper [ Thu May 09, 2013 1:44 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote::twisted:

Cj
The retrace levels for NZDUSD were created about a month ago and fox has been manipulating the market ever since. Were you trading this pair since then or been lying in wait for the next big move up?
Author:  Captain Jack [ Thu May 09, 2013 2:07 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kwanann wrote:Been quite a while since i posted some charts. Somehow got my vision clouded the past few days. Got most of it sorted out after a quick read of all the posts starting from page 1

*Edit, updated CADJPY, misread the levels, added usdjpy

might get screwed on those 2, lets see how it goes
I'm not sure why you are selling the first two?? This is what I see...

CJ
Author:  Captain Jack [ Thu May 09, 2013 2:16 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Angat wrote:
Captain Jack wrote::twisted:

Cj
The retrace levels for NZDUSD were created about a month ago and fox has been manipulating the market ever since. Were you trading this pair since then or been lying in wait for the next big move up?
I'm looking for the next 50 pips....or 10 pips or 70 or 90....whatever is given....

CJ
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