The Captains Chest - Naked Trading & Other Stuff

[xrismak]

Today's Draw Down 25-07-13 @ 15.22 .png

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..
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??

Naked Trader,

I look for the W and M Formats on the Charts , 3 Pushes up or 3 Pushes Down and the Pins to enter and Exit my Trades.

Hope this chart Helps as an Illustration of what I am Talking about...

Happy Trading Y'all,

xrismak

[MajorD]

au15.jpg

Too early on the M?

Not sure if the RRT prior to it forming makes a difference?

[kwanann]

Price might be stagnating on AUDJPY. So moved my stop up to the just slighly after the pins. So its at least 15pips for now. If it decides to move down then i will move the stop accordingly

Edit: Just got taken out at BE. as expected, it went down to begin the next leg of the W formation.

[Captain Jack]

Just wanted to post some results from my son's account, who went live this past week after a period of demo trading... I posted 2-$1500.00 deposits for him on 07/19 and 07/22 as a starter. As you can tell from his use of margin, he's a chip off the block but he got himself in trouble early with some over-leveraged EURUSD trades... since then, things have been looking up... up nearly 50% in a week. I won't lie as I've added a few trades for him, but overall, he's doing well.

CJ

i you be my second father ?

What's your mom look like?

CJ

my mom is already watching me from above


anyway im analyzing the trades of your son... IS THIS the result of mastering this kind of TRADING??

what is see is LOW DRAWDOWN + big reward THANKS DADDY JACK

God rest the soul of another angel. I'm more interested in one in red myself

I'm trying to teach him to trade this way but it is his adaptation of it. Like many, he will enter a bit early or late at times... and likes to take his profit off the table, sometimes too soon. But is still a nice start and he is booking those profits and not letting them turn to far the other way.

The low DD and big rewards should come when you cut your losses short, which he didn't do on the early EURUSD trades and stack your orders when price is moving in your direction... I'm going to have to monitor a little closer as he pushes his margin limit at the wrong times.... hence the SO's...

He needs to learn to push it when his trades are on the plus side...that way, any pullback will close a winner. Big difference.

CJ

[McNish]

That's about the best I can think of to get past this issue.

hmmm, ... not good enough. Thanks anyway.

Hey, does anyone know how to save line studies in Empty4? i googled as well but nothing convincing.
Alternatively, any other platform that can do so? i guess TradeStation has this capability.
Please let me know, important.

Hey Jem, how are your AU trades doing? Guess it still wants to go up again.

Senior Strippers (read - Naked Traders), how is UJ for long?
i booked one trade at WS1 and one is still pending buy lower at the pins. image - http://www.stevehopwoodforex.com/phpBB3 ... 667#p70667
is that correct trapping volume?

Thanks all & Cheers everyone for the w/e.

[MajorD]

au15sl.jpg

Damn that wily fox!

[kwanann]

Max,

By line studies do you mean those trendlines and stuff you draw on Empty4? Mine stays with me when i switch TF and restarts Empty4.. in fact since i sync my profiles directory with dropbox.. when i start up my VPS, it shows the same lines too..

I'm using the default profile, but i dont think it will make a difference either way

[McNish]

Thanks for the hint. Will try. Cheers,

Major, what made you think AU was going south?

UJ long pending missed by a pip or two, still time to go for it.

[MajorD]

What is the Fox thinking?

With 75% going short @myfxbook and 63% short @FF, the Fox has thrown up two Pin-bars(Stophunts?) or is he trying to round up the bulls to pay for the bears?

EDIT; sorry on the EURUSD.

[MajorD]

Thanks for the hint. Will try. Cheers,

Major, what made you think AU was going south?

UJ long pending missed by a pip or two, still time to go for it.

Well originally I thought there was an M forming at the top after a run up

au15.jpg

What have I missed?