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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 43 of 1600
Author:  Pueo [ Thu Mar 14, 2013 9:35 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Jason wrote:
Maybe one day they'll start making traps for M and W traders too :D
The fox doesn't need to take everyone's money, just the majority is fine. :idea:
Author:  Reaper [ Thu Mar 14, 2013 9:43 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
So will the eurnzd fall or rise? The second high it made is higher than the first? pattern void?
Author:  Pueo [ Thu Mar 14, 2013 9:44 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
I'm very interested to know what's going on here. We've had a 3 push down, in a corrective phase for a while now, lots of accumulation happening. Majority of retailers are long on gold. Looks like a small bull trap on the right side of the screen.

I was thinking a short trap by the chart pattern seeing the big wide W but the second leg is weak and taking a long time. And the majority of retail guys are long. ?
capture16.jpg
capture15.jpg
Author:  Reaper [ Thu Mar 14, 2013 9:57 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
not sure where your seeing those ratios, but its most likely false information. Remember everything lies but the foxes tracks.
Author:  Pueo [ Thu Mar 14, 2013 10:02 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
This is from Oanda. To my knowledge it is an accurate representation of the trader's positions that deal with that company. (which has great spreads and is reputable, by the way, one of the few retail brokers with mega cash reserves)

http://fxtrade.oanda.com/analysis/open-position-ratios
Author:  lvdfx888 [ Thu Mar 14, 2013 10:10 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Hi Captain,

Thanks for sharing your super brain !

Looks like GJ H4 is forming RRT and tripple tops. H&S is also forming on D1. Please comment.

Thanks,
Ron.
Author:  Reaper [ Thu Mar 14, 2013 10:19 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
lvdfx888 wrote:Hi Captain,

Thanks for sharing your super brain !

Looks like GJ H4 is forming RRT and tripple tops. H&S is also forming on D1. Please comment.

Thanks,
Ron.
Good catch, I think this is an M forming.
Author:  Reaper [ Thu Mar 14, 2013 10:22 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Did the EG W fail?
Author:  lvdfx888 [ Thu Mar 14, 2013 10:33 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Angat wrote:
lvdfx888 wrote:Hi Captain,

Thanks for sharing your super brain !

Looks like GJ H4 is forming RRT and tripple tops. H&S is also forming on D1. Please comment.

Thanks,
Ron.
Good catch, I think this is an M forming.
I'm in at the pin. Low risk and high potential. Similar pattern in some other Yen pairs.
Author:  Reaper [ Thu Mar 14, 2013 10:33 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Angat wrote:Did the EG W fail?
Unless there was no W, there was an M, which was just completed perhaps by this stop run, the market might pull back now and create a second higher low, and start a short trapping volume accumulation.
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