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The Captains Chest - Naked Trading & Other Stuff
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Author:  kwanann [ Wed Jun 05, 2013 3:12 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Here's my interpretation of the H1
EURUSD.PNG
Here's the H4 version (where i'm usually am now). Note the SH Up then down and the trapping volumes at the bottom
EURUSD.PNG
And the ultra fancy D1 pattern (dragon?), haha for me, its just the W that i'm looking at
EURUSD.PNG
Confluence across major TF, sure it might go down for a while (and i will trade it if it goes down), but i'm aiming for the kickass up trend that is coming
Author:  CCCGAMING [ Wed Jun 05, 2013 3:39 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
sadasda
Author:  kwanann [ Wed Jun 05, 2013 3:51 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Here's the M15 chart. Look at the high volume areas (areas marked in red)

What do you think is happening in those areas (forget about the levels, just focus on this image)
Author:  intcust [ Wed Jun 05, 2013 4:17 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
pamboys09 wrote:in 15minute chart i see a FAT M formation.. in my analysis.. they already rising a couple of days.. and they put already the brakes on.. the chart doesnt break the high.. and its consolidating so this is lv 3?

and i also read here that.. they usually stay at the breakout zone of the previous high to trap BO traders... so there accumulating contracts there.. i might go short after the stop hunt.. it its a straight away downward. i will not get it :(

Pamboys,

I agree with Kwanann that we are accumulating. I don't see the M. I think it will bounce up at LO and then head south. Kwanann see it going higher. Maybe CJ can add his thoughts. I think if it breaks the trend line I put on the chart it will head down for a ways. But still might have level 3 to go. But what do I know I am always wrong
Author:  CCCGAMING [ Wed Jun 05, 2013 4:39 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kwanann wrote:Here's the M15 chart. Look at the high volume areas (areas marked in red)

What do you think is happening in those areas (forget about the levels, just focus on this image)
thanks for the input.. but is that the new peak high?
dont get me wrong sir.. but i read it here that dont trade against Peak formation high..

i dont know kwanann , i might be wrong, or my vision on the chart is not that solid yet. :?
Author:  CCCGAMING [ Wed Jun 05, 2013 4:43 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
i really want to learn this..

heres my analysis on EURUAD 15minutes chart...

is this right?
Author:  kwanann [ Wed Jun 05, 2013 4:58 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
intcust wrote:But what do I know I am always wrong
intcust, if you know you are always wrong, then just do your trades counter to what you think :lol:

Jokes aside, you have to first be wrong before you can figure what is right. I'm not saying that EURUSD will not go down, with all the pins forming, it might.

On the M15, you will just be following the candles, 3 push low or 3 push high then wait. If you want to sell, look at the region around 1.31 and 1.309, if you want to BUY, look for positions between 1.30 to 1.305, TP/SL will be 50pips either way

I'm trading off the H4 and dont spend much of the time looking at the charts, so i prefer the longer TF trades, putting in pendings where i think they might go before they go up.

I will be wrong half the time, then its either a matter of killing the trade, or hedging it till it decides to turn around.

Like a coin flip, either i win or i lose, as long as i can protect my losses, thats half the battle won :)
Author:  intcust [ Wed Jun 05, 2013 5:19 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kwanann wrote:
intcust wrote:But what do I know I am always wrong
intcust, if you know you are always wrong, then just do your trades counter to what you think :lol:

Jokes aside, you have to first be wrong before you can figure what is right. I'm not saying that EURUSD will not go down, with all the pins forming, it might.

On the M15, you will just be following the candles, 3 push low or 3 push high then wait. If you want to sell, look at the region around 1.31 and 1.309, if you want to BUY, look for positions between 1.30 to 1.305, TP/SL will be 50pips either way

I'm trading off the H4 and dont spend much of the time looking at the charts, so i prefer the longer TF trades, putting in pendings where i think they might go before they go up.

I will be wrong half the time, then its either a matter of killing the trade, or hedging it till it decides to turn around.



Like a coin flip, either i win or i lose, as long as i can protect my losses, thats half the battle won :)
Kwanann,

I like your entries, if they are wrong then you might survive the turn up or down and get back to break even before it really takes off. If you are right you buy at the bottom and selling at the top. I just like my risk to reward to be at least 2 to 1 on a trade like that. So 50 pip stop I would see if 100 pip move is possible. but at 1 to 1 you have to right half the time and I guess if you can hedge (US not ok) then you can make up some of the 50 pips so you can be wrong half the time and still be up over all sort of a reverse break out way to trade it which makes sense to me. But then again what do I know I am always wrong.
Author:  intcust [ Wed Jun 05, 2013 7:14 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
pamboys09 wrote:i really want to learn this..

heres my analysis on EURUAD 15minutes chart...

is this right?

Pamboys,

Here is what I get on the eur aud. I think we still need to see level three and are just now in p3 L2. But what do I know I am always wrong.
Author:  kwanann [ Wed Jun 05, 2013 8:34 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Just TP off the SH high for GU, now going to let them take their time for the SH LOw, my pendings are ready for them when they decide to take off :)
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