The Captains Chest - Naked Trading & Other Stuff

[dudest]

Sorry peeps, have posted more today than I do in a week. Last post today on AUDUSD! [ I hope ]

A pic is worth a thousand words,... All I can say is Hmmm....

20140905_audusd_comparison_m30_h4.png

20140905_audusd_m30_fractal_wedge_trap_bullish_line_chart.png

20140905_audusd_m30_fractal_wedge_trap_bullish.png

20140905_audusd_h4_fractal_trapping_volume_bullish_in_progress.png

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[Dagu]

Hi

earlier I have making a map for each courrency but it was taking a lot of time and it was quite complicated
now i do not creating any more price maps, everything I do is watching and waiting

And i do not looking at all TF's
M15/H1 is good for me so if I see a nice pattern on m15 I know that this same pattern was presented on m5/m1 and even on tick chart
My next steps are folowing pattern - thats all
...
best regards

Hey DGF,

If I'm getting you right:

For example: you look at M15 --> if you see a good pattern, you check M5 to see if the same pattern was presented --> then follow that pattern ---> is this correct?

.

Yaaa but the question is what is a good pattern ; )

[dudest]

Hi

earlier I have making a map for each courrency but it was taking a lot of time and it was quite complicated
now i do not creating any more price maps, everything I do is watching and waiting

And i do not looking at all TF's
M15/H1 is good for me so if I see a nice pattern on m15 I know that this same pattern was presented on m5/m1 and even on tick chart
My next steps are folowing pattern - thats all
...
best regards

Hey DGF,

If I'm getting you right:

For example: you look at M15 --> if you see a good pattern, you check M5 to see if the same pattern was presented --> then follow that pattern ---> is this correct?

.

Yaaa but the question is what is a good pattern ; )

Actually, your exact words were 'nice pattern'

So DGF, what is a nice/good pattern?

If I was to venture a guess, maybe a retrace into a trend?

.

[dudest]

20140905_audcad_m30_pins_for_rrt.png

[dudest]

20140905_usdnok_d1_barr.png

[Dagu]

Hi

earlier I have making a map for each courrency but it was taking a lot of time and it was quite complicated
now i do not creating any more price maps, everything I do is watching and waiting

And i do not looking at all TF's
M15/H1 is good for me so if I see a nice pattern on m15 I know that this same pattern was presented on m5/m1 and even on tick chart
My next steps are folowing pattern - thats all
...
best regards

Hey DGF,

If I'm getting you right:

For example: you look at M15 --> if you see a good pattern, you check M5 to see if the same pattern was presented --> then follow that pattern ---> is this correct?

.

Yaaa but the question is what is a good pattern ; )

Actually, your exact words were 'nice pattern'

So DGF, what is a nice/good pattern?

If I was to venture a guess, maybe a retrace into a trend?

.

As I said yesterday, its require a lot of work and time, you need to make many mistakes to catch the rabit
After the work is done you will know with are best for you
I'm hunting my one favourite right now, I will let you know in the next week

Good hunting

[dudest]

As I said yesterday, its require a lot of work and time, you need to make many mistakes to catch the rabit
After the work is done you will know with are best for you
I'm hunting my one favourite right now, I will let you know in the next week

Good hunting

Kul.

Post up a chart (initial entries) when you can

Cheers

[intcust]

dudest,

The bump and run is really part of BARF not really naked trading that CJ exposed us (well at least me) to. Does not mean it does not work or that it is not ok to post. Those patterns repeat as well. The fox uses all sorts of tricks to keep our eye off the rabbit as Daggerfall says. I like that we are trying to get the same rabbit the fox is and a fox is a mean animal that will bite and crush you so keep it in mind they are also cunning so they hide there tracks. Most of the time they hide them in plain site. The trick is to see what is hidden right in front of you. Don't know the pair you are using for your example please let us know how it turns out. The other important thing is stacking the trades. A lot of small trades equal one large trade without much risk. I am bad at that but it is the best way to go on a risk to reward ratio.

[Dagu]

dudest,

The bump and run is really part of BARF not really naked trading that CJ exposed us (well at least me) to. Does not mean it does not work or that it is not ok to post. Those patterns repeat as well. The fox uses all sorts of tricks to keep our eye off the rabbit as Daggerfall says. I like that we are trying to get the same rabbit the fox is and a fox is a mean animal that will bite and crush you so keep it in mind they are also cunning so they hide there tracks. Most of the time they hide them in plain site. The trick is to see what is hidden right in front of you. Don't know the pair you are using for your example please let us know how it turns out. The other important thing is stacking the trades. A lot of small trades equal one large trade without much risk. I am bad at that but it is the best way to go on a risk to reward ratio.

In fact stacking orders are the most powerfull weapon i our arsenal but like with all weapons its require to treat it with caution.

All topic of stacking orders is much more complicated than CJ have show us, you can do it on many ways but all them will blast your profit to the sky

[blazej]

Hi all,

for me stacking works like that - small initial entry, then when trade goes in my direction I increase lot size significantly and as the trade progress I decrease the lot size. I also use it the other way round, when I missed the entry or the trade went the other way I try to use progression to not take the loss. Protection of capital is very important. I doesn't always work and you have to know where to stop.I have a lot of learn still but someday i will get there. I hope that we all will get there. I'm glad that we are back here on the forum to the ideas CJ presented to us.

Best wishes to You all.