The Captains Chest - Naked Trading & Other Stuff

dudest · Post by **dudest** » Thu Oct 23, 2014 12:01 pm

Also long NZDCAD, W at BARF decision point (DP)

20141023_nzdcad_h1_w_at_barf_DP.png

dudest · Post by **dudest** » Thu Oct 23, 2014 12:05 pm

GBPNZD H1: thots...

20141023_gbpnzd_h1_levels_aftermath_2.png

dudest · Post by **dudest** » Thu Oct 23, 2014 12:13 pm

EURNOK out of trap earlier today (short), same pattern as EURNZD earlier this week
[ different parts of same cycle? ]

20141023_eurnok_h4_tv_bearish_IN_PLAY_d1_view.png

20141023_eurnok_h4_tv_bearish_IN_PLAY.png

dudest · Post by **dudest** » Thu Oct 23, 2014 12:37 pm

dudest » Thu Oct 23, 2014 2:18 am wrote:EURSEK D1: speculative short:

Have added 2nd short position...

20141023_eursek_d1_tv_in_progress_2.png

dudest · Post by **dudest** » Thu Oct 23, 2014 2:35 pm

EURAUD: Long

20141023_euraud_h4_73.6_pins_W_long.png

dudest · Post by **dudest** » Thu Oct 23, 2014 2:46 pm

dudest » Thu Oct 23, 2014 3:01 pm wrote:Also long NZDCAD, W at BARF decision point (DP)

Cut the loss.

GBPCAD will make up

dudest · Post by **dudest** » Thu Oct 23, 2014 2:47 pm

dudest » Thu Oct 23, 2014 12:49 pm wrote:
dudest » Thu Oct 23, 2014 2:34 am wrote:CADJPY D1: short (gut feeling on pin + level)

Targets: 50 and 61.8 Fib retracements [ will look for longs there ]

Still playing out... ( emcy SL in place just in case)

.

Also gave this "doggone loss a toss!"

[youtube]https://www.youtube.com/watch?v=LiE1VgWdcQM[/youtube]

Post by **intcust** » Thu Oct 23, 2014 4:02 pm

My thinking was/is that: if it forms an 'M', it has a good chance to go down [ 73.6 Fib retrace, 0.8400 RN ], and I would consider taking a short there (with SL above the 'M' incase I'm wrong)
dudest

I made the comment because so many think that once the levels are hit the price it will reveres. It is just a decision point (dp). It will consolidate there some times for days some times and some times it continues and sometimes it reverses. So I just wanted to point that out. I knew that nzd cad was sweet. Great call there. I like the charts and set ups and explanations. I hope others are learning from it or at least taking the trades and making the pips. Your comment on different pair same trade (paraphrased) is really what this is all about. find those and trade them. They will do what the previous chart did not matter the time or the pair the pattern will repeat so take it and load up. Keep up the good work. I like what I see.

intcust

dudest · Post by **dudest** » Fri Oct 24, 2014 8:07 am

intcust » Thu Oct 23, 2014 7:02 pm wrote:
I made the comment because so many think that once the levels are hit the price it will reveres. It is just a decision point (dp). It will consolidate there some times for days some times and some times it continues and sometimes it reverses. So I just wanted to point that out. I knew that nzd cad was sweet. Great call there. I like the charts and set ups and explanations. I hope others are learning from it or at least taking the trades and making the pips. Your comment on different pair same trade (paraphrased) is really what this is all about. find those and trade them. They will do what the previous chart did not matter the time or the pair the pattern will repeat so take it and load up. Keep up the good work. I like what I see.

intcust

Thanks for the insights intcust, much appreciated

I still haven't quite worked out continuations... From the foregoing,

a) Price completes 3rd level
b) Enters a range
c) Breaks out in the initial direction (probably preceded by a significant pin or M/W), and then we start counting the levels from there

Is that about right?

Cheers

dudest · Post by **dudest** » Fri Oct 24, 2014 8:12 am

USDNOK H4: one of the cleanest wedges I've seen in a while

Gameplan: to work it to the max ( + the resulting breakout when it happens )

20141024_usdnok_h4_rising_wedge_buy.png