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The Captains Chest - Naked Trading & Other Stuff
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Author:  lilac [ Thu Jul 25, 2013 2:45 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I was also waiting for AUDUSD to go up on M15, but I am not so confident with my trading today, although it looks like a W on H4 and H1 I am not sure about the pins there, so I closed now with a little green.

I am still wondering about GBPJPY, it made 1 great push down, then stopped for a while, and now it seems to continue down, Would this be a second push? or maybe just a pre-W pattern and will continue higher?
Author:  Ingot54 [ Thu Jul 25, 2013 3:06 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
lilac wrote:I was also waiting for AUDUSD to go up on M15, but I am not so confident with my trading today, although it looks like a W on H4 and H1 I am not sure about the pins there, so I closed now with a little green.

I am still wondering about GBPJPY, it made 1 great push down, then stopped for a while, and now it seems to continue down, Would this be a second push? or maybe just a pre-W pattern and will continue higher?
GBPJPY is just a beast ... nothing less ;)

I don't know how to trade it - tonight it just did what it usually does - baffles me.
The smallest news and it's "off to the races" ... and not for the distance one would expect.
A wild, untamed beast. Yeah.

Looks like just ONE push down so far on 15 M.
Earlier pushes negated on 1H ... so it is still one push down on 1H too.

The 4H is inflicting pain on bulls, so I am guessing it is heading to a place where it will destroy a few bears now. There were nice RRT's on 4H, and same on 1H. The "M" was on the 15M.

If in doubt, switch to the LINE CHART ... it is always fairly clear there.

Cheers - Ivan
Author:  zentauro67 [ Thu Jul 25, 2013 3:51 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
NZDUSD 15M looks interesting.
Imagen 2.png
Author:  xrismak [ Thu Jul 25, 2013 4:07 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Today's Draw Down 25-07-13 @ 15.22 .png
Jemook wrote:
2013-07-25_1400.png
I'm looking exclusively at AUDUSD so I don't overload my senses. Did some pretty good trades over the last 2 days which are marked on the screengrab. Have some buys in at the moment but like Ingot said I have a feeling it may fake down after the asian session before bouncing up.

Jem,

Now I am Feeling You a bit.... but Sometimes it's Good to Take what the Fox Offers First for Starters.. :D
I am Going to take a look at that AUD-USD pair look's like everyone kind of likes trading it so I will see if I can tame it, this is gonna be fun...

Happy Trading Y'all

xrismak ;)
Author:  Rich_Tea [ Thu Jul 25, 2013 4:08 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Rich_Tea wrote:
Rich_Tea wrote:
Captain Jack wrote:Best be careful on the EURUSD pair...the pattern remains the same but with some additional distortion tossed in for confusion...

CJ
1.32 has drawn us all in for the fox feast on. It's the first time I've had the chance to view it real time - amazing and also depressing that I would have previously sold 1.32 based on a single pin bar!!

Well played Banteka yesterday - looks like we get the same today - looking for a W at the lows slightly under yesterday's LOD.

He's the carnage around 1.32 followed by the pattern from post 2 by CJ - "the pattern repeats"!!!!
The feast continues....what's really striking is the ferocity and ease with which the hens (me and joe public) in the hen house get taken - a real eye opener
And a nice M to finish a day's work - 1.32 anyone?
Author:  ciliano [ Thu Jul 25, 2013 4:42 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Rich_Tea, In response to your concern about the 1.32 draw-in on the EURUSD, I think that spot was more of an area of interest to watch. The trade is not taken until you see those pin bars or an "M". So if one were looking at the chart during those big-ass pin bars, one could have made some money. I have been getting into trades way too early by not following my own advice here and afterward realizing the trades weren't valid yet. Unfortunately I sleep during Europe session and work during NY but at least the west coast gives me access to the mountains and the sea (and the Asian session?) :?

Anyway, what I think (hope) happened is a stop-hunt before a transition into downward levels. Hopefully your "M" agrees with me.
Author:  Rich_Tea [ Thu Jul 25, 2013 5:13 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
ciliano wrote:Rich_Tea, In response to your concern about the 1.32 draw-in on the EURUSD, I think that spot was more of an area of interest to watch. The trade is not taken until you see those pin bars or an "M". So if one were looking at the chart during those big-ass pin bars, one could have made some money. I have been getting into trades way too early by not following my own advice here and afterward realizing the trades weren't valid yet. Unfortunately I sleep during Europe session and work during NY but at least the west coast gives me access to the mountains and the sea (and the Asian session?) :?

Anyway, what I think (hope) happened is a stop-hunt before a transition into downward levels. Hopefully your "M" agrees with me.
Hi Ciliano - I'm not really looking at the bigger picture on EU, rather the 15 min TF plays that occur as the fox goes through the accumulation phase. I'm not really sure where EU goes longer term, but as Banteka showed yesterday, following the fox on the lower TF, can be profitable. I'll be happy if the M goes to 1.32 ;)
Author:  nakedtrader [ Thu Jul 25, 2013 5:26 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
xrismak wrote:
Today's Draw Down 25-07-13 @ 15.22 .png
Jemook wrote:
2013-07-25_1400.png
I'm looking exclusively at AUDUSD so I don't overload my senses. Did some pretty good trades over the last 2 days which are marked on the screengrab. Have some buys in at the moment but like Ingot said I have a feeling it may fake down after the asian session before bouncing up.

Jem,

Now I am Feeling You a bit.... but Sometimes it's Good to Take what the Fox Offers First for Starters.. :D
I am Going to take a look at that AUD-USD pair look's like everyone kind of likes trading it so I will see if I can tame it, this is gonna be fun...

Happy Trading Y'all

xrismak ;)

i really enjoy watching your success.
ive been reading this thread quite awhile... and find that you really got the way to trade this style of trading...

quick question xrismak.. im a bit confused ... what is your basis... for the entry??

what do you look first before you enter a trade??
Author:  McNish [ Thu Jul 25, 2013 5:39 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Ingot54 wrote: chart time.
:lol: :lol: :lol: That's the way to do it. Same here :twisted:

Yes, i'm actually coming from that post, your response to the member. I could see the W on H4 though, not H1; ... just me. guess the current PA will suffice, ;)

Oh this is getting real fun.
It pays to stick with few charts only for NB'. i go through MN to M15 and only then leap into the trade.
For now, i'm not doing pin catching and try to enter on either completion of W/M and in it's pullback OR pullback's after creating levels.
i also follow slope / trend line like in examples on AU yest on M15, good help. If slope gets taken out, next level is line. Then i get weary and check above in H/K tf, follow pattern / slope on them and again zoom in lower to wait and see what prints.

Switching to line charts helps to see W/M', thanks.

Cheers,
Author:  nakedtrader [ Thu Jul 25, 2013 5:48 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
lucky trade :)
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