The Captains Chest - Naked Trading & Other Stuff

[Jason]

It's strange that the NZD weakened since the interest rate was unchanged, but it looks like they were setting up the hunt several hours earlier.

[Captain Jack]

It's strange that the NZD weakened since the interest rate was unchanged, but it looks like they were setting up the hunt several hours earlier.

BINGO! So is "news" really news or is just "news" to us..... They use "news" to cover their tracks....

CJ

[Jason]

I can now sometimes see the trail to where the fox has eaten, but the next question is can I follow the fox to its next meal?

[xrismak]

Peeps,

Oh Dear, my Hunch was Right but I fell asleep and missed taking loads of Profit but ehhhh I'll Live with what I could take, next time I'll Stay awake take the Profits first and then fall Asleep :!:
CJ, I am outfoxing em, I am loving this now.

Now I am going to move along and find something else for my next set of trades.

Happy Trading Y'all,

xrismak.

Look for 50-60 pips on the 15M tf before a reversal. Take the trade the other way, back into the consolidation/range phase. Exit it when they peak price before bringing it into the range at the end of the day since this is NY session.

CJ

El Comandante CJ,

I did it Again, Fell Asleep and left the Pips for em on the table..... but I am still thanking you very very MUCH for Opening my Eyes in Other ways, even when I wake up from my Slumber I Still make money ...this is the third time in a row within 24 Hours... I never made easy money like this on Forex hahahahahahahaha " Look at the Chats, Pick a set of Trades n Execute then fall Asleep by Mistake and Wake up and Still Make Money" I Love this, I can do it over and Over Again and Earn some money... this is Fun, with No Indicators..............
Now let me look for the next set of Ms and Ws setups,
CJ you are a GIGANTILUS

Happy Trading Y'all
xrismak.

[Reaper]

So what's your homework consist of ? What are you looking for? Which TFs do you scan, which pairs do you look at? which ones do you avoid?

I know your looking for potential W and M formations, but it be good to know your thought process on this.

thanks again.

[Aus67]

Just shorted GBPCAD ....putting it out there for comments.
Hopefully someone will point out any errors!

gbpcadpin.JPG

Oh dear! I think I have been out-foxed

On the H1, if that's a 3 level high, what comes next?

CJ

Price exhaustion, so traders will start to place shorts. The fox will allow shorts then hunt the price higher to take short stops and at the same time entice more longs, before pulling price back down ??

..junior fox answer!

[Captain Jack]

So what's your homework consist of ? What are you looking for? Which TFs do you scan, which pairs do you look at? which ones do you avoid?

I know your looking for potential W and M formations, but it be good to know your thought process on this.

thanks again.

I scan the D1, H4, H1 and M15's.....won't go any lower most of the time....all pairs on my broker...

I look for everything I talk about here. I manage trades that are ongoing....look for spot trades....

Doesn't take long....should have checked the news calendar, missed some good AUD stuff tonight....

CJ

[Captain Jack]

Just shorted GBPCAD ....putting it out there for comments.
Hopefully someone will point out any errors!

gbpcadpin.JPG

Oh dear! I think I have been out-foxed

On the H1, if that's a 3 level high, what comes next?

CJ

Price exhaustion, so traders will start to place shorts. The fox will allow shorts then hunt the price higher to take short stops and at the same time entice more longs, before pulling price back down ??

..junior fox answer!

Not exhaustion, that's at the top....this isn't the top....it's a stop hunt, which hits the stops high and low....just went.... they hit em high and low...should see a new high soon....hit the stops high then low and pull it back to range

CJ

[Captain Jack]

Just shorted GBPCAD ....putting it out there for comments.
Hopefully someone will point out any errors!

gbpcadpin.JPG

Oh dear! I think I have been out-foxed

On the H1, if that's a 3 level high, what comes next?

CJ

Price exhaustion, so traders will start to place shorts. The fox will allow shorts then hunt the price higher to take short stops and at the same time entice more longs, before pulling price back down ??

..junior fox answer!

Not exhaustion, that's at the top....this isn't the top....it's a stop hunt, which hits the stops high and low....just went.... they hit em high and low...should see a new high soon....hit the stops high then low and pull it back to range

CJ

The fox isn't always active....he tends to set out the 2nd level of a rise or fall....he is very active in step 1 and step 3. How can you tell? Tick volume!

Take a look at the chart, where is the fox doing his deeds? The 2nd level is usually in the control of traders who are reacting the what the fox has done in the previous step or level.

Level's 1 and 3 belong to the fox....level 2 is the traders....the tick volume shows this with increased volume in level or step 1 and 3. Levels 1 and 3 are usually larger in movement than level 2.

CJ

[Reaper]

CJ, do you have any pairs with potential setups forming that we can keep an eye on for the coming London sess ?