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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 335 of 1600
Author:  intcust [ Fri Sep 06, 2013 3:15 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
looks like an M formed on eur aud on h4
Author:  kundanketki [ Fri Sep 06, 2013 3:37 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
EUR/AUD pair has rejected 261.8 Bull FIB level with M formation and resumed downtrend.

I'm planning to enter short on any retracement up subject to PA signal for a target of 1.38500 and 1.29200 (Bull FIB 100 level).

Comments pls
Author:  Gertje [ Fri Sep 06, 2013 3:41 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Hmmmm, took some shorts GBPCAD from the D1 chart lat night and today, now worth over 10% of the balance.

Close or leave it to run it's course?
.
Author:  kundanketki [ Fri Sep 06, 2013 3:52 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Gertje wrote:Hmmmm, took some shorts GBPCAD from the D1 chart lat night and today, now worth over 10% of the balance.

Close or leave it to run it's course?
.
I see this going to 1.59500 level next week with strengthening CAD and weakening GBP as per Bob's CSS page.

M formation and Rejection of 23.6 FIB adds confluence to this bearish Bias.
Author:  spotdespot [ Fri Sep 06, 2013 4:01 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Gertje wrote:Hmmmm, took some shorts GBPCAD from the D1 chart lat night and today, now worth over 10% of the balance.

Close or leave it to run it's course?
.
How about bank some and leave some to run? Best of both worlds. Nice trade btw. Wishing I hadn't gone out last night and drunk too much :mrgreen:

Getting in to this naked trading stuff properly now - neglected it for too long. I am getting that excited school kid kind of feel. And I thought I was way too old for that. :lol:

Cheers,
Dave.
Author:  intcust [ Fri Sep 06, 2013 4:03 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
euraudfxh4.png
here is my take a simple m on the 4hr
Author:  Gertje [ Fri Sep 06, 2013 5:37 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kundanketki wrote:
Gertje wrote:Hmmmm, took some shorts GBPCAD from the D1 chart lat night and today, now worth over 10% of the balance.

Close or leave it to run it's course?
.
I see this going to 1.59500 level next week with strengthening CAD and weakening GBP as per Bob's CSS page.

M formation and Rejection of 23.6 FIB adds confluence to this bearish Bias.
If 1.59500 happens, I double (what's left of) my account on this one (added some already).

I like NT more and more, when one gets the entry's down there is little risk and huge reward!

Have a good weekend everybody, it's markets open before you know it..... :D
.
Author:  kwanann [ Fri Sep 06, 2013 11:12 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
kundanketki wrote:
kwanann wrote:@kundanketki

don't think it will go back there, already i'm seeing the M forming on EJ..

@bluedog

EU was the first pair i played, so i'm pretty much attuned to its movements. Typically my advice for a difficult read is not to trade on live. Demo sure if you want, but NEVER live.

Thanks Kwanann.

Learning for me. As you mentioned i missed the move.

Just wanted to understand how would you have traded this move on EUR/JPY?

Thanks

Kundan
Oh short it when I see the m, tight stop at 1.3578 (never SL at a round number) then let it run, high r:r
Author:  kwanann [ Fri Sep 06, 2013 11:16 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Gertje wrote:Hmmmm, took some shorts GBPCAD from the D1 chart lat night and today, now worth over 10% of the balance.

Close or leave it to run it's course?
.
Typically i will bank em at peak low or so, wait for retrace and enter again. This way, worse case you lose what u gain, best case you follow the trend and earn that bit extra
Author:  banteka [ Sun Sep 08, 2013 8:48 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
This is happening in XAUUSD, EURUSD, GBPUSD, AUDUSD, NZDUSD, XAGUSD...
All times are UTC Page 335 of 1600

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