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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 241 of 1600
Author:  rosst [ Tue Jun 11, 2013 10:48 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Most of the JPY pairs look similar - if the previous low holds could be a nice W...
Author:  kwanann [ Tue Jun 11, 2013 10:51 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Rosst

Yup waiting for those to appear
Author:  kwanann [ Wed Jun 12, 2013 1:34 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kwanann wrote:Possible W for USDCHF?
So.. did anyone get smoked?

Looks real convincing isnt it :twisted:
Author:  CCCGAMING [ Wed Jun 12, 2013 1:51 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
What do you mean got smoked?
Author:  kwanann [ Wed Jun 12, 2013 2:06 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
CCCGAMING wrote:What do you mean got smoked?
As in did anyone really thought that was a W formation and put a buy there
Author:  CCCGAMING [ Wed Jun 12, 2013 2:41 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
ahh i got it now..so what is it sir?
Author:  kwanann [ Wed Jun 12, 2013 2:47 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
CCCGAMING wrote:ahh i got it now..so what is it sir?
Its NOT a W formation, just looks like one.

In fact during that period, the same thing was happening for EU and GU as well, a fake M forming to sucker more people in
Author:  odellcash [ Wed Jun 12, 2013 6:26 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kwanann wrote:
CCCGAMING wrote:ahh i got it now..so what is it sir?
Its NOT a W formation, just looks like one.

In fact during that period, the same thing was happening for EU and GU as well, a fake M forming to sucker more people in
I have to ask why you believe these are fake, cause I'm the guy that usually does get smoked :o
Author:  peranders [ Wed Jun 12, 2013 6:51 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
rosst wrote:Most of the JPY pairs look similar - if the previous low holds could be a nice W...
Most JPY pairs are about to do RRT:s on the daily chart, W on lower TF.
Watching closely.
Sneaky fox retraced NZD/JPY to 75.500 lvl, previous resistance turned support twice (1440 TF).
Author:  kwanann [ Wed Jun 12, 2013 7:34 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
odellcash wrote:
kwanann wrote:
CCCGAMING wrote:ahh i got it now..so what is it sir?
Its NOT a W formation, just looks like one.

In fact during that period, the same thing was happening for EU and GU as well, a fake M forming to sucker more people in
I have to ask why you believe these are fake, cause I'm the guy that usually does get smoked :o
Look at one of my previous post where i drew out the levels for EU or GU (can't remember which)

By now, you would have seen that it is a fake M, bloody obvious on hindsight

In fact if you believed in the M and SOLD EU, you could have made some profits before it turned around.

WHY i knew its a fake M
1. Trapping volume at the top is inconsistent, but trapping volume at the bottom is consistent
2. Before that i see higher volume on buys, not sells
3. Not really time for a M to form yet

Haha ok i will be honest, i was concerned for a that it could be a M formation, so i actually took out one of my pendings below just in case things went wrong.

Eventually things turned out as expected so all is well and good for me :)
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