The Captains Chest - Naked Trading & Other Stuff

[dudest]

Any chance that EU will breech 1.2500 support ?

Cheers

Well looks like the question is answered:

EUR/USD drops below 1.2500 for first time in 2 years
http://www.fxstreet.com/news/forex-news ... 8e81527203

Cheers

EU closed the day & week above 1.2500

This could very easily happen next week:

20141101_eurusd_d1_w_maybe_forming.png

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[intcust]

I wonder these look very similar


I think you are about 8 bars ahead on the right chart. If I am right it should drop some more then go up. They are very similar. Draw like a zig zag lines to sharpen the mirror and see it they are the same. It seems to me that we should get a little dance a drop then up. The drop should trigger more selling by most and then up it goes and hits stops. Then dance for non farm then go up like the right chart. I have been waiting to buy this pair so this could be close. Daggerfall feel free to chime in.

[dudest]

Hi peeps (posters and lurkers),

What setups are you watching for this week?

Many $$ to us all

Cheers

CJ:

...you do not need 200-300 pip runs to make money!...

[dudest]

Got into this one later after NY open on Friday, the large M15 pin was the clincher

20141031_nzdcad_m15_levels_+_short.png

20141031_nzdcad_h4_levels_short_in_progress_m15_view.png

20141031_nzdcad_h4_levels_short_in_progress.png

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[pips400]

Hi peeps (posters and lurkers),

What setups are you watching for this week?

Many $$ to us all

Cheers

CJ:

...you do not need 200-300 pip runs to make money!...

On my radar for PA setups next week are

AUDCAD short
AUDCHF short
AUDJPY short
CADCHF short
CADJPY short
CHFJPY short
EURAUD long
EURCAD short
EURJPY long
EURUSD long
GBPAUD long
GBPCHF short
GBPJPY short
GBPNZD short
NZDCAD long
NZDJPY short
USDCAD short
USDCHF short
USDJPY short

Some positions are near complete others will take a few days.

Remember it's not about being able to predict price action in advance so much as it is interpreting price action in the present

Have a great week everyone

[SpiderX]

EU closed the day & week above 1.2500

This could very easily happen next week:



.

EU broke the support again on news.
Lets see if it will hold.

cheers

[blazej]

Let's see if the sellers are present.

[dudest]

EU closed the day & week above 1.2500

This could very easily happen next week:



.

EU broke the support again on news.
Lets see if it will hold.

cheers

Hey Spidey,

If price was to go up today, I expected a pin going under 1.2500

Reason being: a ton of buys would be at / just above 1.2500. For the big boys to get fills on their buys, they'd have to take price under 1.2500 (tripping stops, thus getting fills for their buys), then price would then go up.

As of London open, the pin has already formed; let's see how the rest of the day goes [ will only go long myself if today closes GREEN and at/above Friday's open (forming a BUEB / 2BR) ]

Cheers

* BUEB = Bullish Engulfing Bar ( aka Bullish Outside Bar )
* 2BR = 2-bar Reversal ( aka Railroad Tracks (RRT) )

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[dudest]

Let's see if the sellers are present.

Nice spot blaze!

I thought I was crazy but if you look at the other yens (esp EURJPY, CHFJPY, CADJPY), they look like BARFs! (bearish) [ "crazy" because most are talking about BUYING the jpy pairs (i.e, selling the yen), and I'm seeing shorts setting up... ]

High, Higher High have already been formed. Looks like Lower High will be formed today ( for the EURJPY, round number 141.00 looks like a great place for it to form; considering taking an early entry short there ).

Cheers

20141103_eurjpy_m30_barf_maybe_forming.png

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[blazej]

Hi dudest,

I'm looking for spot to sell too. Most of yen pairs are after the burst of buyers, I see no reason to buy they, or maybe I'm not that brave enough. Maybe the fox go higher just to fool the buyers? Let's see.

Greeting's.

Blazej