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The Captains Chest - Naked Trading & Other Stuff
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Author:  kwp [ Tue Aug 27, 2013 10:49 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
mjws00 wrote:Nice call Gertje. Great little quickie there even if the M didn't break down all the way.

This could easily reject and sell in Asia. But a nice spike on with a subsequent sell off would be awesome. Tough taking that earlier M coming into the end of NY when it could just pull back into the range (and did with minor overshoot).

For some reason I've grown to love this pair and GBPAUD, nice movement even during summer, and off peak hours. I'll be watching when they wake this up again.

Mike
Looks like a very good setup to me as well. And your right Mike
...if it breaks .4750 my target is .4500
Author:  ciliano [ Tue Aug 27, 2013 10:59 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
It looks like the D1 supports a move lower on the EURAUD at some point. GBPAUD is similar but it looks like EURAUD is later in the pattern...
Author:  kwanann [ Tue Aug 27, 2013 11:53 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Dunno.. I think they are at l2 up now.. Got burned playing them the wrong way yesterday..
Author:  mjws00 [ Wed Aug 28, 2013 2:09 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kwanann wrote:Dunno.. I think they are at l2 up now.. Got burned playing them the wrong way yesterday..
Heh. I've said time and again I have a tough time getting back into a trend, Kwan. You know I'll let them show their hand before I jump in. ;) Fox goes long.... I smile. The whole world has seen that double top... if there are easy stops up above, they will be stolen. I'm happy to help out in what little way I can :twisted:

Managed to long EURAUD all the way up this summer via breakouts. But truthfully, I hate that style. I'd prefer they stop it, shake it and turn it.

Good luck. Sell me your exit. You can take as much as you like first. ;)

Mike
Author:  kwanann [ Wed Aug 28, 2013 2:24 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Still getting to grips riding the wave up and down, pretty good ADR for GBP/EUR NZD/AUD pairs if you catch them, easily 200pips each day on 1 trade.

Well pretty much everyone would have put a sell stop at the peak high, so far so good for them, i missed that entry so just waiting to see what comes up next, as long as 1.988 is not broken, i'm still long bias.

Pretty standard L2 behavior, waiting for a good entry point to go in long :)
Author:  mjws00 [ Wed Aug 28, 2013 2:31 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
LOL, NZD tempts me like a cruel and heartless mistress. I just haven't found the groove with her, so I stay out. Typically follows AUD any way, except like a crazy, spastic, lunatic.

I didn't see they had tapped those stops, and my other zone, when I posted. I'd love em to take 1.5023 out, and print me something pretty.

Mike
Author:  ciliano [ Wed Aug 28, 2013 4:20 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
GBPCAD looks like it may enter a third leg down at the end of the Asian session (or tomorrow's Asian session). Looking for it to pop the head over one of the red lines and proceed downward. First leg was over 150, second leg 110 pips.

Also just rejected off the 1.6300 so it maybe they are enticing more folks to move their stops downward.
GBPCAD.PNG
Author:  kwanann [ Wed Aug 28, 2013 9:22 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
ciliano,

Thanks for this lovely trade!
gbpcad.png
Alex
It might well form a W, but for now, i see it at L2, today is D3, MM has been steadily accumulating positions, no stop hunt here, just a straightaway, pausing at previous point, printing a pin to get longs in.

Price might probably retrace to 1.55228 to get people into a long position, probably 3 candles in or maybe till later in the US session for the "reversal"
Author:  pips400 [ Wed Aug 28, 2013 10:01 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Favorite pasttime - watching paint dry - come on London, somethings gotta give, NY could be exciting. :lol: :lol:

EDIT: Aha, found something - took the rejection of the 1.55 GU short , tight SL, so we'll see where this goes, as been pointed already, could be a W also.
Author:  alex_forex [ Wed Aug 28, 2013 11:04 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Gertje wrote:
kwanann wrote:Alex
It might well form a W, but for now, i see it at L2, today is D3, MM has been steadily accumulating positions, no stop hunt here, just a straightaway, pausing at previous point, printing a pin to get longs in.

Price might probably retrace to 1.55228 to get people into a long position, probably 3 candles in or maybe till later in the US session for the "reversal"
Amazing....
Need to work on my level-recognition..
Looking at kwanann charts, I found that yesterday Hi-Lo are great to recognize pushes.
Accumulation, the range is pretty the same as the day before.
Push or level, the range is near twice the day before.

Just my thought.

Alex
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