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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 42 of 1600
Author:  Pipsurfer [ Thu Mar 14, 2013 8:45 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
The downward spike on this EURCHF stop-hunt took mere seconds to go down and up again. Colour me impressed.
Author:  xrismak [ Thu Mar 14, 2013 8:46 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.
Angat,

I start them Like tHIS...... ;)

hAPPY tRADING,

xrismak ;)
Author:  lhDT [ Thu Mar 14, 2013 8:53 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
EJ scalp idea ?

- Touched yesterday High
- Strongly broke asian range to the upside at london open to load longs
- Pin bar in M15 - (almost RRT 3min later - not in screenshot)

Does that mean, the low will be retested today ? A 100pips move ?
Author:  xrismak [ Thu Mar 14, 2013 8:53 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote:I missed the drop in USDJPY while I was posting earlier but I still caught the straight away move back up off the bottom for a few....anybody else see it? No stop hunt, spike down and no 2nd leg to for a "W".... easy pips....

CJ

El Comandante CJ,

I woke up on time and Got the Goodies , I got it Right this Time.... I just keep on Playing the Fox at his Game.... :)

Thank you for Sharing your Knowledge on this System, it Rocks, and You are a GIGANTILUS :D ...

Now Looking for the Next set of Trades....

Happy Trading Y'all

xrismak. ;)
Author:  monty [ Thu Mar 14, 2013 9:02 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
There seems to be a W forming on E/G,on 15m as well as 1h tf.

Am I wright that one could take it long.
Author:  Jason [ Thu Mar 14, 2013 9:09 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Isn't everything an indicator? Ms, Ws, 3 pushes higher, etc, etc. The more people know this stuff, the more the fox becomes aware, then turns around and bites you.
Author:  Pueo [ Thu Mar 14, 2013 9:18 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Jason wrote:Isn't everything an indicator? Ms, Ws, 3 pushes higher, etc, etc. The more people know this stuff, the more the fox becomes aware, then turns around and bites you.
I see the game like this. At certain times of the week, the Fox makes a trap and gets a ton of people long, then he takes all their money. At other times Foxy makes a trap for the shorts and then he takes all their money. People are sheep and trade the way they've been told to, not knowing how to watch for the Fox and understand how he makes his traps and takes the money. Just like in Poker, if you don't know who the fish are, you are the fish. For trading it's like, if you don't know where the traps are, you're gettin trapped!

So, when you think like that and read this thread very well, you start to see why a M or W actually happens.
Author:  Pueo [ Thu Mar 14, 2013 9:24 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
This one's been working out nice, got in by the pivot.

capture18.jpg
Closed as a nice pin on my eurnzd short
capture19.jpg
Author:  Jason [ Thu Mar 14, 2013 9:29 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Pueo wrote:
Jason wrote:Isn't everything an indicator? Ms, Ws, 3 pushes higher, etc, etc. The more people know this stuff, the more the fox becomes aware, then turns around and bites you.
I see the game like this. At certain times of the week, the Fox makes a trap and gets a ton of people long, then he takes all their money. At other times Foxy makes a trap for the shorts and then he takes all their money. People are sheep and trade the way they've been told to, not knowing how to watch for the Fox and understand how he makes his traps and takes the money. Just like in Poker, if you don't know who the fish are, you are the fish. For trading it's like, if you don't know where the traps are, you're gettin trapped!

So, when you think like that and read this thread very well, you start to see why a M or W actually happens.
Maybe one day they'll start making traps for M and W traders too :D
Author:  Pueo [ Thu Mar 14, 2013 9:33 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
monty wrote:There seems to be a W forming on E/G,on 15m as well as 1h tf.

Am I wright that one could take it long.
I like it, also happening at a level of previous resistance on 4h, added bonus. I got in some and putting a pending buy down below in case there's a spike.

edit - this was a bad trade, sell picture here looks strong and the buy picture is too weak
capture20.jpg
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