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The Captains Chest - Naked Trading & Other Stuff
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Author:  kwanann [ Thu Jun 13, 2013 7:02 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Ok here you go, oh ya, those pins.. aint stop hunts

Another thing, but this is more of spending more chart time i guess, looking at the pin bars leading up to (f) i could tell the downward movement aint over, cannot really explain that one to you though.. i just knew..

xrismak, the M we are waiting for could finally be forming!
Author:  kwanann [ Thu Jun 13, 2013 7:25 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Just like to ramble abit about yen pairs. Remember how everyone is saying yen is going to weaken etc and how everyone got a shock when it didnt (yeah me included, lost 40% of my capital :oops: )

Not sure if you guys remember, when yen did its 600pips rise sometime in march, everyone was saying woohoo. But did anyone remember what the foxes said?

They COMPLAINED that nobody told them about it, and are extremely unhappy with japan for taking this action.

What this meant is that they were not ready yet, so you can imagine they still have shorts all over the place since they had to absorb everyone else's longs.

Look at all the yen pairs now, notice they are more or less where they were before that rise.

This is a classic example of BARF.

I knew i kept saying yen is going to strengthen and the PA did show that, Unfortunately stupid ME didnt believe in PA.

Well after this expensive lesson, the only thing i'm going to follow is PA, don't believe what others say anymore about where they think price is going, if PA says its not its not.
Author:  APQN [ Thu Jun 13, 2013 10:00 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

kwanann wrote:Ok here you go, oh ya, those pins.. aint stop hunts

Another thing, but this is more of spending more chart time i guess, looking at the pin bars leading up to (f) i could tell the downward movement aint over, cannot really explain that one to you though.. i just knew..

xrismak, the M we are waiting for could finally be forming!
Amazing explaination. Thanks very much kwanann.
Author:  kwanann [ Thu Jun 13, 2013 10:26 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Ok i seriously don't like the look of the market now, going to be a no trade for me today. had nice profits in the asian session no point wasting them

For guys who might be thinking of long EU, GU... be careful, something doesnt look right, i can;t put my finger to it though..
Author:  kwanann [ Thu Jun 13, 2013 10:27 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

APQN wrote: Amazing explaination. Thanks very much kwanann.

Welcome :)

On hindsight everything always looks nicer, of course at that point i was seriously thinking it might be a W, but i stuck to my original map, lucky it went thru :)
Author:  APQN [ Thu Jun 13, 2013 12:23 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

I was reading through the BARF pattern by CJ today. Just happen to find 1 perfect BARF now.

Anyone seeing anything wrong with this trade? It's amazing how 2 people can look at the same chart and see 2 complete different things.

Any comment is appreciated.
Author:  kwanann [ Thu Jun 13, 2013 1:21 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

APQN wrote:I was reading through the BARF pattern by CJ today. Just happen to find 1 perfect BARF now.

Anyone seeing anything wrong with this trade? It's amazing how 2 people can look at the same chart and see 2 complete different things.

Any comment is appreciated.
Most pairs are being setup to barf, that's why I had a bad feeling :D

Now I know what it is, so I will be trading accordingly

Ok anchor trades set, all in profit, good nite all, happy trading!
Author:  xrismak [ Thu Jun 13, 2013 8:21 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Got me Some DrawDown.png
]
kwanann wrote:Ok i seriously don't like the look of the market now, going to be a no trade for me today. had nice profits in the asian session no point wasting them

For guys who might be thinking of long EU, GU... be careful, something doesnt look right, i can;t put my finger to it though..

Kwannan D Babrian,

Yeah, looks like you are Right, I hit it first time snagged the Fox and Closed :) , then when Back in and Got me a Little Bit of Draw Down :evil: but I knew I was Gonna get Something out of the Trade and as Soon as it went my Way with a Bit of Coins I closed the Trades Again. :D
I think the Fox is up to No Good so I am going to stay on the sidelines too and Not trade, let's see what Next week will Bring, I shall be Lurking around tomorrow but I doubt if I am going to do any Trades.


Happy Trading Y'all,
xrismak ;)
Author:  kwanann [ Thu Jun 13, 2013 8:31 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Well both of us traded the first leg of the m, I went in and bought the reversal up to the second m tip. Having a scout sell now to see how it goes.

BUT my main pair of interest now is audchf, very obvious w at the bottom, just TP some positions before session close, the rest at BE plus

Of course, throw some yen pairs into the mix and hey it's a nice reversal day to trade
Author:  kwanann [ Thu Jun 13, 2013 11:27 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Decided to kill all my GU and EU trades (some in red)

By now looks seriously like a level reset and since its a friday, terrrible things may happen and i have no wish to leave them stuck over the weekend

So.. AUDCHF baby, you are all mine :lol:

Notice how i booked some profit, and now i BE my other 2 trades and let them roll. So worse case scenario if its a fake W, i'm still out with profit, best case, well i'll be laughing to the bank

This is the current state for EU, the M appeared on the H1, didnt top 1.34 so that is the "R" line

You are free to trade that if you so wish, i will take my time and wait for the M to appear on the H4, also i'm not seeing anything on GU yet so...
EURUSD.PNG
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