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The Captains Chest - Naked Trading & Other Stuff
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Author:  mjws00 [ Tue Mar 12, 2013 10:38 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Aus67, Marked up your drawing. I don't know crap, but that long scares me. 30 pips and I reverse it, if they don't slam it through to retest the highs. You read the W perfectly, the broader picture is the bit that scares me. This is a crazy pretty reversal pattern.

You might chop all the way through Asia and into London before they move this.

I'm usually early, so you may get your leg on the larger TF. I sell this MOFO, and morgtage the house to do so when they show their hand. Or if Asia tests hard first, or just shoves it down without retesting.

I'll defer to the master. Just two bits.

Mike
Author:  Aus67 [ Tue Mar 12, 2013 10:45 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
mjws00 wrote:Aus67, Marked up your drawing. I don't know crap, but that long scares me. 30 pips and I reverse it, if they don't slam it through to retest the highs. You read the W perfectly, the broader picture is the bit that scares me. This is a crazy pretty reversal pattern.

You might chop all the way through Asia and into London before they move this.

I'm usually early, so you may get your leg on the larger TF. I sell this MOFO, and morgtage the house to do so when they show their hand. Or if Asia tests hard first, or just shoves it down without retesting.

I'll defer to the master. Just two bits.

Mike
Hi Mike
Mate I think you are right..I had a tight sl and am already out. If it wasn't going to move north I was out.
I see already there is a move south. I can see the hunts but don't really understand like you do the reasoning behind them.

Cheers for the input!!
Author:  mjws00 [ Tue Mar 12, 2013 10:53 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I've never seen chart vision like CJ's he is right a long long ways out. But all we really need is to anticipate a couple moves.
1. They either have the volume to drive it down. No need to fake, just drive it.
2. They will chop it sideways and accumulate what they need and frustrate retails.
3. They aren't quite there with the volume and will spike the high one more time maybe to 96.80ish. It will put up a pretty pattern in all cases.
Author:  f451 [ Tue Mar 12, 2013 11:39 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
mjws00 wrote:I've never seen chart vision like CJ's he is right a long long ways out. But all we really need is to anticipate a couple moves.
1. They either have the volume to drive it down. No need to fake, just drive it.
2. They will chop it sideways and accumulate what they need and frustrate retails.
3. They aren't quite there with the volume and will spike the high one more time maybe to 96.80ish. It will put up a pretty pattern in all cases.
And the key to which one they choose is whether or not they have the volume already.
Wonder if CJ has a way of knowing that, if it just comes down to experience and intuition.
Author:  mjws00 [ Tue Mar 12, 2013 11:56 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I think it is the pure volume of experience. Combined with his broad view. If he has a feel for how the daily needs to print, then he can see what the 4H might need to do to confirm the pattern. And on down the line integrating things perfectly to draw the map. So stunning.

He has the plan for how they will unfold it either way along the segment. They really don't have many moves in this model. They can switch up a leg or two, delay a little, but they have to balance their book. The market is just so big there is no way to hide the moves, and we are so predictable they don't have to.

Or it is voodoo and bath salts :twisted: :lol:

I'd be in Hawaii for six months with the work he put in last night.

Mike
Author:  mjws00 [ Wed Mar 13, 2013 12:14 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I'm back up off the floor and just in heaven. Click bang boom in my head. Still need to work and work and work and refine until it is instinct.

You don't have to predict any of the above, models. Just let them play out and they will show you. They will print a perfect little M or throw a spike. Worst case they just start to run it down... wait for the pause and sell the second leg. Easy game. LOL ;)

Mike
Author:  Reaper [ Wed Mar 13, 2013 12:20 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Please continue to show screenies when you find them, I'm still working on whats a high probability M and W. I see them all over, but I guess if you can find them on the hourly thats better than the 15mins.
Author:  Captain Jack [ Wed Mar 13, 2013 12:41 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Just a quick note folks. taking care of some stuff on the home front so I'll be tied up for a bit. I'll get back to posting some charts as soon as I can....

Things to note....Asian is to set the range, reset the HOD and LOD....

London usually brings the moves... and NY is good for reversals....saw that with a bunch of them this morning....moves usually begin 25-50 pips above or below the Asian range....

The cycles are different across the pairs. They are spread so that they all don't coincide....they are staggered across the pairs..... you can use this info and find "lead pair" and "trailing pair".... who leads and who follows?

What happens on the lower time frames, repeats on the higher, at a later date....you saw some nice price swings on the 15M last night, these will be larger when the patterns hit the 1H, 4H and D1.... more on this later...

Do not try to micro focus to close on this stuff...keep a broad view on the charts, across the time frames...

For those having "indicator with-drawl", put some of your indi's on the screen and watch how price reacts around them.... you have a better understanding of how the fox uses these indicators and how he moves price to or beyond to entice action....

Start looking for quality trade setups....don't take everything you see....you will get better at this...

CJ
Author:  mjws00 [ Wed Mar 13, 2013 6:39 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Dear Mr Fox,

Please Bring IT hard today! Jack em up to the moon, shake em up, chew em up, spit em out and leave me a little trail of bones to follow. When I see you I will hold on to your foxy little tail for dear life.

I am the flea. You don't know of me. I grin from ear to ear, sip my tea, like some sleep deprived maniac. Your handiwork, and artistry is so beautiful it keeps me up at night. It actually embarrasses me I love your work so much. I giggle like a school girl with my little flea lungs.

Please never stop. Say hi to my friend the hunter when you see him. Sometimes I think he harasses you just for fun and spite.

Warmest regards,

Mike
Author:  Aus67 [ Wed Mar 13, 2013 7:54 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
audnzd.JPG

Went Long AudNzd 15min
W pattern at RRT reversal....hopefull thinking like the fox! :?
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