The Captains Chest - Naked Trading & Other Stuff

[Aus67]

What I saw to make me want to put a trade on here....

CJ

Hi CJ
If you have a second could you briefly explain what is meant by the terms 'trapping volume'?
and 'continuation'

cheers
Daryl

I'll go back and check on the continuation....but "trapping volume" is sticking the largest amount of contracts or positions. When they spike it low and get a lot of people looking to short, they pull price back above them. Then they will drop it again, only not as low as before, enticing more shorts, but not letting the others out of their positions. Price is still above then. They will do this and trap a large volume of shorts, then move price away from them....forcing them to sell at a loss.

Draw a descending trend line and you will see that after a short rise, they dropped price quickly - one candle. If you draw the descending trend line, you will see it was near the point of drop. They were trying to say the down trend was still in effect. Continuation of the down trend so they could get some more shorts before moving price away from them again.

CJ

Thank you, Oh my God, I didn't realise the fox was such a nasty beast!
Attached is the GBpAud 1Hour chart... Is this another example of trapping short volume? with a rise to follow?

GbpAud.JPG

[erikskenne]

This is nice to be learning from the pro,

How about introducing this old, retired coal miner to him?

CJ

No problem as an old sailor I know exactly what you should do, take yr left hand and grab yr right
hand and start to shake it, now when you met you should be happy and make a cup of coffe and enjoy.

[xrismak]

Peeps,

Oh Dear, my Hunch was Right but I fell asleep and missed taking loads of Profit but ehhhh I'll Live with what I could take, next time I'll Stay awake take the Profits first and then fall Asleep :!:
CJ, I am outfoxing em, I am loving this now.

Now I am going to move along and find something else for my next set of trades.

Happy Trading Y'all,

xrismak.

[Reaper]

So when the best times to look for these setups?

Just wanted to go long on a pair when there was a second leg of the W, guess what my broker did? Requotes, Requotes, Requotes within a 20pip range. Call them up and they said it was a server error and I have to message support for a reimbursement if I lost. Clearly they scam everyone, and those that complain get reimbursed, but the reimbursement works out to nothing compared to what they scammed.

[Kruspe]

Look at average position on EJ from all positions of myfxbook - some kind of SSI (green is av. buy price, red is av. sell price). After the fox will hunt more buys, they push the price inbetween these lines. To stuck all of them (longs and shorts)

[Lara]

You are too generous and transparent man. You know some of us keeners will plot and study each one of those, right?

You earned the sip, and the nap. Hell I felt like I'd earned mine and I quit an hour earlier

Thanks.


You took the words right out of my mouth Mike - I'm sitting here checking each entry and exit and doing my best to see what the captain saw

Many thanks for this CJ - not many traders of your calibre would share their actual trades. It makes it so much easier to understand your trading style when you can actually see the trade details. Oh well back to line 25 of the account printout.

Lara

[mjws00]

Kruspe what a brilliant piece of work. The gears just started whirring again. That is dangerous.

Mike

[casapips]

Mon Capitaine,

A RTT on gold 4H & a M patern on 15 min.. I am not mistaken

Great Thread CJ

Casapips

[lhDT]

My H4 closes in 3 minutes. A couple of Pin alerts.
For a learning process, which one are the good ones ?

[xrismak]

12-03-2013 16-28-36 wooo-hoo.png

Re: Daily Summary

Holy Sh*t Captain!!, now that is a good days work!!!

Capitaine CJ,
I am not sure if it's my Eyes, Luck or I am Learning faster than I think, I just keep on getting them and reeling in the Pips Slowly but Surely with your M and W formations.
It's begun to get Sunny even though it's Snowing in London England, loving this @ very much.com

Happy Trading Y'all,

xrismak