stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 261 of 1600
Author:  lilac [ Mon Jul 22, 2013 5:47 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I jumped to sell the eurusd on the reversal, but now it looks like a trap, for both buys and sells, making higher lows and also lower highs right now, so everybody there is trapped. It is not easy to distinguish their real ultimate intention, will it drop or go further up? My guess is they want to make it atractive to buy, and hunt more buys before they drop the price, sometimes the reversal drops all the way to the open of the day.

Concerning gold & silver, I have no clue, It is being heavily manipulated, only they know... I fear commodities, I was beaten by the fox early in april with the fall of AUDUSD, price turned around and never looked back :?
Author:  poconnellfx [ Mon Jul 22, 2013 6:14 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Hi Guys,

Thanks for all the great ideas and a real no bull approach. I have spent the last couple of year trying to trade using various strategies based on a range of indicators with no success or progress in understanding market dynamics.

Recently thanks to this forum and the efforts of CJ i am starting to get a much better understand of what this business is about. There is also a book which reveals the real deal or business behind the screen by a guy called Silvani you guys don't need to read it as you have already seen behind the screen but for me it was a big step forward.

Thanks for all your contributions.

I am also seeing a M formation on AUDUSD.
Author:  banteka [ Mon Jul 22, 2013 6:17 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
lilac wrote:I jumped to sell the eurusd on the reversal, but now it looks like a trap, for both buys and sells, making higher lows and also lower highs right now, so everybody there is trapped. It is not easy to distinguish their real ultimate intention, will it drop or go further up? My guess is they want to make it atractive to buy, and hunt more buys before they drop the price, sometimes the reversal drops all the way to the open of the day.

Concerning gold & silver, I have no clue, It is being heavily manipulated, only they know... I fear commodities, I was beaten by the fox early in april with the fall of AUDUSD, price turned around and never looked back :?
EU: I think we are in DAY 2 of the cycle. Watch the H4 timeframe. Big 'W', TWO peaks...Although today may be a reversal, tomorrow the price will rise to another max. That's my point of view
Author:  banteka [ Mon Jul 22, 2013 6:23 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
EU:
Pinbars in the upper are longer than those in the bottom. Longs and shorts are both trapped.
But as upper pinbars are larger, I think that the FOX has a BEAR skin. So, first, he has to 'shake the SHORTS' and then the LONGS. This way, first there will be a BULLISH movement but not as high as the HOD. Then, the true reversal of the day: a BEARISH movement...
Author:  lilac [ Mon Jul 22, 2013 6:45 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
banteka wrote:EU:
Pinbars in the upper are longer than those in the bottom. Longs and shorts are both trapped.
But as upper pinbars are larger, I think that the FOX has a BEAR skin. So, first, he has to 'shake the SHORTS' and then the LONGS. This way, first there will be a BULLISH movement but not as high as the HOD. Then, the true reversal of the day: a BEARISH movement...
So the larger pins indicate the opposite direction, and the first shake will be usually their own intention?

Right now I am very tempted to put a sell limit on the upper pins of siver, before they quickly drop it, it is pinning on H1, and making what it looks like 2 heads on M15, I think, but I am not sure about h4 resistance...
Author:  banteka [ Mon Jul 22, 2013 7:44 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
lilac wrote:
banteka wrote:EU:
Pinbars in the upper are longer than those in the bottom. Longs and shorts are both trapped.
But as upper pinbars are larger, I think that the FOX has a BEAR skin. So, first, he has to 'shake the SHORTS' and then the LONGS. This way, first there will be a BULLISH movement but not as high as the HOD. Then, the true reversal of the day: a BEARISH movement...
So the larger pins indicate the opposite direction, and the first shake will be usually their own intention?

Right now I am very tempted to put a sell limit on the upper pins of siver, before they quickly drop it, it is pinning on H1, and making what it looks like 2 heads on M15, I think, but I am not sure about h4 resistance...
The larger pins at the TOP indicate, with associated volume increase, a BEARISH feeling. The larger pins at the BOTTOM indicate, with associated volume increase, a BULLISH feeling. Thats all. It is another clue, another footprint that the FOX leaves along his path. Learn japanese bar patterns. They are needed in order to understand this method better.
Author:  lilac [ Mon Jul 22, 2013 8:28 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Thanks banteka, I will study more carefully candles and lines patterns.

Concerning volume, do you think we can trust volume on Empty4 to read the fox moves? Aren't they able to trick those values too (Considering that this volume is not centralized, and it will be given by the broker or by the bank price feed.)?

Thank you
Author:  kwanann [ Mon Jul 22, 2013 9:42 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
banteka wrote:EU:
Pinbars in the upper are longer than those in the bottom. Longs and shorts are both trapped.
But as upper pinbars are larger, I think that the FOX has a BEAR skin. So, first, he has to 'shake the SHORTS' and then the LONGS. This way, first there will be a BULLISH movement but not as high as the HOD. Then, the true reversal of the day: a BEARISH movement...
Look carefully... Are you sure it's a bear?

Or is it.. Accumulation?
K
Author:  ciliano [ Tue Jul 23, 2013 1:13 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
3rd out of 4 legs of a W on GBPJPY and AUDJPY right now?

Or could be another leg down, anyway either is downward I guess...
snip.PNG
Author:  Captain Jack [ Tue Jul 23, 2013 2:09 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Slipped a few more orders in on AUDNZD and took em off the table...sniffing at a long position now....

Oh, yes, little scalp on another pair there as well... pays to shorten up your TP targets when things are swinging back and forth...it's all good when it's green.
7-22-2013 9-50-36 PM.png
CJ
All times are UTC Page 261 of 1600

Powered by phpBB® Forum Software © phpBB Limited