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The Captains Chest - Naked Trading & Other Stuff
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Author:  Jason [ Thu Mar 14, 2013 12:57 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
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.
Author:  Captain Jack [ Thu Mar 14, 2013 1:04 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Jason wrote: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
Author:  Jason [ Thu Mar 14, 2013 1:17 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
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? :D
Author:  xrismak [ Thu Mar 14, 2013 1:18 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote:
xrismak wrote: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. :D

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" :D 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 :D

Happy Trading Y'all
xrismak. ;)
Author:  Reaper [ Thu Mar 14, 2013 1:21 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
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.
Author:  Aus67 [ Thu Mar 14, 2013 1:27 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote:
Aus67 wrote: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 :shock:
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! :?
Author:  Captain Jack [ Thu Mar 14, 2013 1:52 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Angat wrote: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
Author:  Captain Jack [ Thu Mar 14, 2013 1:54 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Aus67 wrote:
Captain Jack wrote:
Aus67 wrote: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 :shock:
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
Author:  Captain Jack [ Thu Mar 14, 2013 2:03 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote:
Aus67 wrote:
Captain Jack wrote:
Aus67 wrote: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 :shock:
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
Author:  Reaper [ Thu Mar 14, 2013 2:55 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
CJ, do you have any pairs with potential setups forming that we can keep an eye on for the coming London sess ?
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