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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 233 of 1600
Author:  kwanann [ Sun Jun 02, 2013 10:30 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
jasonckb wrote:
kwanann wrote:Gbpusd, look at the daily and you should have your answer :)
Is that what you have seen?
Lol no.. Zoom out further, maybe all the way out. Notice the big m which went to a now forming big w, and a small w that just formed off the daily, h4, lower tf. Nice confluence across tf, I like to trade these, now just waiting for nice entry points

Target 1 would be previous highs at 1.55, target 2 would be 1.65
Author:  kwanann [ Mon Jun 03, 2013 2:04 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
seanyd wrote: Thanks for your advice

My thinking on this was 2 days of drop from peak high , this is the 3rd day and also a Friday
They have been dropping for 2 days buying all the sell orders , time to get it back ,This was the same for all the Majors.

So I am still trading stop hunts :lol:

You are right a great trap has been set for the weekend both longs and shorts are trapped

I think now maybe this is level 2 stop hunt beginning of level 3 tomorrow , of course could be wrong again :D
Sorry forgot you trading off the M15, that is a valid trade, you traded off the end of the SH/W formation into the 3 pushes. Would have been a nice 1K pip trade if u followed it all the way up. But half the amount is nice as well :)

If you can follow the fox as it goes up and down the yoyo, you pretty much would have figured out the pattern :)

Since i trade off the H4, i see that as the fox pushing price up to get more longs in for liquidity, they have been doing that quite a few times the past few days so i'm not surprised that history repeated itself again.

I rather take trades in the direction of the higher TF since i rarely monitor the charts, CT trades are nice, but dangerous if you don't have the time
Author:  kwanann [ Mon Jun 03, 2013 3:09 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Hope you guys caught the downward action off eu and gu as well as the spike up.

One pretty good example of trading with the "trend", I entered a position at opening Lon for gu, with pendings above the 240ma, got spiked down after the SH up, too bad was away else would have entered another long at the bottom. Closed all just a while ago for about 20+pips. Could have been 80+ if I had entered at the bottom of the SH.

The dd wasn't pretty this time round, I believe it went into -20+pips at some point, but as long as you are going with the higher tf trend, you are pretty much well covered
Author:  seanyd [ Mon Jun 03, 2013 4:34 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kwanann wrote:Hope you guys caught the downward action off eu and gu as well as the spike up.

One pretty good example of trading with the "trend", I entered a position at opening Lon for gu, with pendings above the 240ma, got spiked down after the SH up, too bad was away else would have entered another long at the bottom. Closed all just a while ago for about 20+pips. Could have been 80+ if I had entered at the bottom of the SH.

The dd wasn't pretty this time round, I believe it went into -20+pips at some point, but as long as you are going with the higher tf trend, you are pretty much well covered
Yeah I see what you mean about the 4h trend a great lesson today I think , but got 50 of EU 25 of GU and 210 of Usd/chf thanks .

All my 15 min exits would have been great 4hr entries missed EU although I did reverse Usd/chf for another 70 pips on the way down again shoulda stayed in :lol:
eurusd_ukm15.png
gbpusd_ukm15.png
usdchf_ukm15.png
Author:  xrismak [ Mon Jun 03, 2013 4:48 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
seanyd wrote:
kwanann wrote:Hope you guys caught the downward action off eu and gu as well as the spike up.

One pretty good example of trading with the "trend", I entered a position at opening Lon for gu, with pendings above the 240ma, got spiked down after the SH up, too bad was away else would have entered another long at the bottom. Closed all just a while ago for about 20+pips. Could have been 80+ if I had entered at the bottom of the SH.

The dd wasn't pretty this time round, I believe it went into -20+pips at some point, but as long as you are going with the higher tf trend, you are pretty much well covered
Yeah I see what you mean about the 4h trend a great lesson today I think , but got 50 of EU 25 of GU and 210 of Usd/chf thanks .

All my 15 min exits would have been great 4hr entries missed EU although I did reverse Usd/chf for another 70 pips on the way down again shoulda stayed in :lol:
eurusd_ukm15.png
gbpusd_ukm15.png
usdchf_ukm15.png

Seanyd,

Skinned the Fox today, now tryna Trade the Retracements, many Thanks to El Capitaine CJ for Sharing...

Happy Trading Y'all.

xrismak. ;)
Author:  mjws00 [ Mon Jun 03, 2013 5:14 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
mjws00 wrote:Should still be a nice day trade left. Possible that this move gets extended to 1.3170, but it might pull back first.

If the scalp showed up, I'd take it south to 1.2975ish and reverse. But any good impulse up can have the brakes slammed on, so keep your head in the game.

Unfortunately unless he gets it done early LON I will be sleeping.
So far they are playing by the rules. ;) Wouldn't be surprised if our count gets a little ugly in here. They haven't hit the brakes hard yet, just paused after LON. Feels like there is more upside to me, but I took profit.

Mike
Author:  kwanann [ Mon Jun 03, 2013 9:15 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Well today is day 3, so let's see what plans those guys have, won't be surprised if they take it down for eu and gu for a bit to get more long positions before spamming it all the way up. Loads of room topside
Author:  kwanann [ Mon Jun 03, 2013 9:24 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Once you figure the fox, it's almost too obvious, thanks xrismak for the charts! I.m falling in love with playing tag with the fox!

Actually one indi you can use with this is to add in the pivots. What that gives you are the entry and exit points. Figure where you are in for the current "trend" and then you will know where the SH will go and where are the best TP places, round numbers help too. Remember the fox likes to bring ppl together, pivots and round numbers are the best place to gather
Author:  GT3RS [ Mon Jun 03, 2013 9:31 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kwanann wrote:Well today is day 3, so let's see what plans those guys have, won't be surprised if they take it down for eu and gu for a bit to get more long positions before spamming it all the way up. Loads of room topside

EURUSD, CABLE and Swissy have all done 3 x ADR from their respective highs or lows as well..... suspect you're right - there could well be fun and games before the next big push :)
Author:  xrismak [ Mon Jun 03, 2013 11:44 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Trading The Retracements 03-06-13 EUR-USD H4 Timeframe.png
GT3RS wrote:
kwanann wrote:Well today is day 3, so let's see what plans those guys have, won't be surprised if they take it down for eu and gu for a bit to get more long positions before spamming it all the way up. Loads of room topside

EURUSD, CABLE and Swissy have all done 3 x ADR from their respective highs or lows as well..... suspect you're right - there could well be fun and games before the next big push :)
GT3RS, :D
Well you hit the Nail on the Head, Let the fun and Games Begin as you can all see the Charts tell a Story, closed all my trades as I am not really waiting for the Pins, I am going to wait and then Re-enter Again following the Respective Trends of these Currency Pairs to get my 3rd Push.
El Capitaine CJ is a GIGANTILUS :) Naked Trading Rocks Big Time. :roll:

Happy Trading Y'all,

xrismak ;)
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