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The Captains Chest - Naked Trading & Other Stuff
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Author:  pips400 [ Tue Sep 03, 2013 11:55 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Gertje wrote:
pips400 wrote:FWIW I would ignore fundamentals unless you're trading the H4/Daily. Everything can be manipulated, the only thing that counts is price and the spin the fox is putting on things. I remember the bloodbath trying to follow JPY fundatmentals and applying to 10.x earlier this year. IMO it's easy to overcomplicate things. If trading the M15/H1 there's enough time to get in and out of a trade regardless. Only my approach, that's all. What I would say about fundamentals is to be aware of news announcements, and make sure you've covered any risk.
Understood.

Just trying to find the best TF for me to trade on.

Am still fulltime working, and especially in the morning around London Open I can't always be there to watch PA. Most of the times, yes.
Sorry Gertje, I understand the difficulty. One thing I'm thinking about is using an alert setup when price reaches a certain level to give me a notification. Reason being is that a lot of time is used just waiting for price to reach certain key levels, unless they do then the trade isn't on, so it could be a real time saver for me.
Author:  kwanann [ Tue Sep 03, 2013 11:59 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Pips400

Try this, go look at your best entries and TP zones for each pair, do you notice a pattern emerging :idea:

Takes a while really.. Trust me, took me 4 whole months and loads of coins to learn this. But once u get it.. Wham, loads of free time and less than 2 hours total of chart time :lol:

I.m averaging at least 100pips a day on live on average. Sure there will be some bad days, just take them and move on

Done with today, 300odd pips in the account, left some on the table and going to go enjoy some family time

Happy trading guys!
Author:  Gertje [ Tue Sep 03, 2013 12:14 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

xrismak wrote:Pips400,

Exactly, that's part of the :idea: Understand the Market Cycle and Have Slightly Deep Pockets as in Capital to Trade and You have An Edge over the Many who Trade and Loose Cash fist over Hand.... the Only Snag is that one has to be Extremely Good with Analysis of Range and that also takes some time getting used to, but Once you are there ... NO Fox can Stop You.... You will feel it in your Bones.
I Shared this USD-CHF as in my personal Chart Analysis with McNish sometime Ago and I honestly Hope he Took the Hint, if he did then He should be Smiling to the Bank today. :D :D :D

Happy Trading Y'all,

xrismak ;)
:shock: Is this the same chart as a few pages back, with the gaziljon orders on it? Must make you a happy guy..... :)

Do you have more "personal chart analysis" to share?? :D
Author:  xrismak [ Tue Sep 03, 2013 12:29 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Gertje wrote:
xrismak wrote:Pips400,

Exactly, that's part of the :idea: Understand the Market Cycle and Have Slightly Deep Pockets as in Capital to Trade and You have An Edge over the Many who Trade and Loose Cash fist over Hand.... the Only Snag is that one has to be Extremely Good with Analysis of Range and that also takes some time getting used to, but Once you are there ... NO Fox can Stop You.... You will feel it in your Bones.
I Shared this USD-CHF as in my personal Chart Analysis with McNish sometime Ago and I honestly Hope he Took the Hint, if he did then He should be Smiling to the Bank today. :D :D :D

Happy Trading Y'all,

xrismak ;)
:shock: Is this the same chart as a few pages back, with the gaziljon orders on it? Must make you a happy guy..... :)

Do you have more "personal chart analysis" to share?? :D
Gertje,

I am Afraid Yes, it's the Same Chart, I save all my Charts for Future Analysis and that's how the Penny Finally Dropped a Couple of Months Ago when I gave my Charts a look over, one Weekend and from then on I have been Pretty Consistent with my Earnings off the Fox. :)

I might share my Personal Analysis from time to time on the Thread but only as a Reference Point for the Future.

Happy Trading Y'all,

xrismak ;)
Author:  Gertje [ Tue Sep 03, 2013 12:37 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

xrismak wrote:
Gertje wrote:
xrismak wrote:Pips400,

Exactly, that's part of the :idea: Understand the Market Cycle and Have Slightly Deep Pockets as in Capital to Trade and You have An Edge over the Many who Trade and Loose Cash fist over Hand.... the Only Snag is that one has to be Extremely Good with Analysis of Range and that also takes some time getting used to, but Once you are there ... NO Fox can Stop You.... You will feel it in your Bones.
I Shared this USD-CHF as in my personal Chart Analysis with McNish sometime Ago and I honestly Hope he Took the Hint, if he did then He should be Smiling to the Bank today. :D :D :D

Happy Trading Y'all,

xrismak ;)
:shock: Is this the same chart as a few pages back, with the gaziljon orders on it? Must make you a happy guy..... :)

Do you have more "personal chart analysis" to share?? :D
Gertje,

I am Afraid Yes, it's the Same Chart, I save all my Charts for Future Analysis and that's how the Penny Finally Dropped a Couple of Months Ago when I gave my Charts a look over, one Weekend and from then on I have been Pretty Consistent with my Earnings off the Fox. :)

I might share my Personal Analysis from time to time on the Thread but only as a Reference Point for the Future.

Happy Trading Y'all,

xrismak ;)
That's inspiring at least... :)

Till now I've been very good at picking tops and bottoms, but need to reverse my orders from now on; SELL@top and BUY@bottom..... :D

I did mark up that USDCHF chart, but not the way you did it. Entered a few horizontal lines where price frequently visited, but didn't make the leap to your kind of marking of the chart.
Author:  kwanann [ Tue Sep 03, 2013 12:43 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Entering horizontal lines, just means you are marking s/r zones..
Author:  nakedtrader [ Tue Sep 03, 2013 1:33 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

xrismak wrote:
pips400 wrote:
kwanann wrote:One thing i hope is you guys who have seen the light continue to stick around :D

This is the one "bad" thing about this system. Once you see it, you don't actually need anything anymore and you are good to go all on your own, so you dont really need to come back anymore :lol:

Well all the best to those that have seen the light, really hope to see you around next time to coach the newbies :!:

I've gotten free 100 euro from varenbank (details at http://www.stevehopwoodforex.com/phpBB3 ... =10&t=3123), so will be putting this up inside myfxbook for all to see. again it will be live up till i double the account, after which i will no longer publish the results (or maybe just show the stats without the orders)
Not sure I count as one whose seen the light, but I am happy to continue to post when I feel I have something that can be useful. If anyone's interested you can check out my thread (see link below), a lot of my posts end up there because I didn't want to cloud this thread too much, because I'm using volume which to me is still naked.

Seeing the light is a matter of persistence and patience, manage your expectations and emotions, lots of screen time (every day, same time if possible), lots of reading, experimenting, journal your discoveries. You need to build a framework of understanding the market cycle that becomes the skeleton, upon which price will play out. I would recommend sticking witht the M15/H1 combo as M5 I got lost with too much noise, and H4 is good for long term but can miss a lot of the details. Everything you need to see the fox is evident on M15/H1.


Pips400,

Exactly, that's part of the :idea: Understand the Market Cycle and Have Slightly Deep Pockets as in Capital to Trade and You have An Edge over the Many who Trade and Loose Cash fist over Hand.... the Only Snag is that one has to be Extremely Good with Analysis of Range and that also takes some time getting used to, but Once you are there ... NO Fox can Stop You.... You will feel it in your Bones.
I Shared this USD-CHF as in my personal Chart Analysis with McNish sometime Ago and I honestly Hope he Took the Hint, if he did then He should be Smiling to the Bank today. :D :D :D

Happy Trading Y'all,

xrismak ;)


i dont get the picture of the USDCHF... and why buy.. its rising for a couple of days already ? i dont know..


kwann are you stilll sticking on h4 charts??
Author:  kwanann [ Tue Sep 03, 2013 1:38 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Lol different tf trading. ..

I only do m15 :)
Author:  nakedtrader [ Tue Sep 03, 2013 1:40 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

LOL i thought you still stick on h4 since you dont have time on m15 :)
Author:  Gertje [ Tue Sep 03, 2013 1:43 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

nakedtrader wrote:i dont get the picture of the USDCHF... and why buy.. its rising for a couple of days already ? i dont know..
The point was, you had to enter at the bottom of the shapes.
Xrismak did [frequently] so a few days ago, and is now building his retirementplans..... ;)

His orders are sitting on 50-150 pips EACH, and likely another 150 to come.
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