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The Captains Chest - Naked Trading & Other Stuff
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Author:  mjws00 [ Wed Mar 13, 2013 8:01 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
If that paints as you drew it, will be very pretty. Nice.
Author:  mjws00 [ Wed Mar 13, 2013 8:06 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I am shooting for the whole move of the day, so 15M+. I am up and down through them constantly to keep my bearings straight. It is easy to zoom in too far and get tricked or trapped. But the small TF show tracks the earliest. I am in the 10s charts sometimes right around reversals looking for entries.
Author:  eltax100 [ Wed Mar 13, 2013 9:01 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Hi guys

A pdf summery on the captains treasure so far, split into 2 parts for file size

Barron
Author:  Aus67 [ Wed Mar 13, 2013 9:56 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
allisonmagic wrote:there wasn't a very good explanation of the RR tracks. can you guys explain a little more for me ?
CJ or Mike will be the men to nail this question for you...but from an amateur junior fox like me I will try to give you a pointer.

Attached is the AUDNZD 15min and 1HR chart and the RRT (railroad tracks) are formed from the final big push to hit stops, then buy widening spreads so that TP arent affected (the fox wants it all his own way) This forms these Pin Bars and when you drop down to a lower timeframe you will see the M pattern (price to fall) and the W (price to go up).
so in this trade the W is a pin on the larger timeframe.

I hope this makes sense...

Daryl
audnzdpin.JPG
Author:  eltax100 [ Wed Mar 13, 2013 10:04 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
E U RRT ist 1hr then a LH on the 5 min or 15min
Author:  mjws00 [ Wed Mar 13, 2013 10:06 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Railroad tracks are just two big bars of opposite colors together. With a tight top or bottom If you spot a pretty one on M30 and jump to 1Hr you will see it makes a perfect pinbar. Nothing fancy.

Here is one set of examples there are dozens and dozens posted:
http://www.stevehopwoodforex.com/phpBB3 ... 315#p46315
Author:  Dewey McG [ Wed Mar 13, 2013 10:09 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
It's taking a while for this all to sink in and I know I have a ways to go. I have been looking at charts and have this for the EUR/USD for the last couple days on the 15M time frame. I can see a number of RRT's during the Euro session which look pretty good. My question is how do you know which ones to take?
Author:  Jemook [ Wed Mar 13, 2013 10:14 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote: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...

CJ
Hey CJ, never heard of this idea before and looking forward to you spilling the beans on it. A client and I were discussing bank manipulation and I passed him on to this thread :)
Author:  pips400 [ Wed Mar 13, 2013 10:25 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Check over charts this morning, it's amazing how many reversals take place shortly into the NY session. Can any one shed some light on the Asian setting the High/Low of Day. I used to trade a London Open Breakout strategy after a low spread in Asian session, but got hammered too often.
Author:  mjws00 [ Wed Mar 13, 2013 10:30 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
We are trying to catch the second leg as the safest entry with the lowest drawdown. For me that means sitting on my hands. Here is the EU trade. I took the second leg of that last M, as I am sometimes tempted by lower TF moves. Likely be tested again on it. But non issue unless they blow out the high and start trapping shorts. There IS trapped short volume. I am hoping they cleared it out with those two strong spikes up.

I'm sure CJ caught it perfect, I've only had a couple pips DD so far. Didn't want to rush in and sell into that first move by London. Trying to be patient.

Mike
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