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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 468 of 1600
Author:  Direwolf [ Wed Nov 26, 2014 12:55 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Nov 26, 2014 7:28 pm wrote:NZDCAD D1 trapping volume

Anyone want to venture a guess as to which way it'll move after?
I think the bear traps were more obvious. So probably price will hunt stop higher first and then fell? Are there other clues?
Author:  dudest [ Wed Nov 26, 2014 1:23 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Tue Nov 25, 2014 3:15 pm wrote:Nice channel's been going on in the USDCAD H4

Watching to see if trade opp will present later in the week
20141125_usdcad_h4_channel_watching.png
20141126_usdcad_h4_channel_short.png
.
Author:  dudest [ Wed Nov 26, 2014 1:52 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Tue Nov 25, 2014 5:24 pm wrote:GBPUSD H4: watching closely to see how it unfolds...
Entries missed by [SPREAD] pips (spread widened during pin (IB) before the move up)
20141125_gbpusd_h4_wedge_one_to_watch.png
20141126_gbpusd_h4_wedge_one_to_watch_aftermath.png
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Author:  dudest [ Wed Nov 26, 2014 1:57 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Direwolf » Wed Nov 26, 2014 3:55 pm wrote:
dudest » Wed Nov 26, 2014 7:28 pm wrote:NZDCAD D1 trapping volume

Anyone want to venture a guess as to which way it'll move after?
I think the bear traps were more obvious. So probably price will hunt stop higher first and then fell? Are there other clues?
For this one, I haven't a clue to be honest

In such a case, I wait for a trap to break (sometimes it breaks and stalls; the stalling candles are tell-tale signss that give away the final direction)

Watching...
Author:  dudest [ Wed Nov 26, 2014 2:29 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Gold:
20141126_xauusd_h4_rising_wedge.png
20141126_xauusd_h4_rising_wedge_m30_view.png
.
Author:  Direwolf [ Wed Nov 26, 2014 2:30 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Nov 26, 2014 8:57 pm wrote:In such a case, I wait for a trap to break (sometimes it breaks and stalls; the stalling candles are tell-tale signss that give away the final direction)

Watching...
How do you read final direction from stalling candles?
Author:  dudest [ Wed Nov 26, 2014 2:57 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Direwolf » Wed Nov 26, 2014 5:30 pm wrote:
dudest » Wed Nov 26, 2014 8:57 pm wrote:In such a case, I wait for a trap to break (sometimes it breaks and stalls; the stalling candles are tell-tale signss that give away the final direction)

Watching...
How do you read final direction from stalling candles?
Lemme dig my archives and get some examples

PS: The other way I've seen to tell the final direction beforehand is: sometimes after L1 high/low has been reached, a TV is formed that coils price before it is moved to L2 (often faking direction before being turned around in the direction of L2 push)

Lemme check
Author:  dudest [ Wed Nov 26, 2014 3:46 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Nov 26, 2014 5:57 pm wrote:
Direwolf » Wed Nov 26, 2014 5:30 pm wrote:
dudest » Wed Nov 26, 2014 8:57 pm wrote:In such a case, I wait for a trap to break (sometimes it breaks and stalls; the stalling candles are tell-tale signss that give away the final direction)

Watching...
How do you read final direction from stalling candles?
Lemme dig my archives and get some examples

PS: The other way I've seen to tell the final direction beforehand is: sometimes after L1 high/low has been reached, a TV is formed that coils price before it is moved to L2 (often faking direction before being turned around in the direction of L2 push)

Lemme check
Stalling example
XAUUSDH4_TV_STALL.png
TV before push to next level example
20141121_xauusd_h4_out_of_tv_longs_l2_to_l3.png
==

For the record, unless I can place the TV in the context of level counts, I do NOT try to predict where it will go. I wait for the break to see whether there will be direction clues. If there are none, I watch from the sidelines

Cheers
Author:  dudest [ Wed Nov 26, 2014 3:55 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
GBPJPY H1:
20141126_gbpjpy_h1_shorts.png
.
Author:  Direwolf [ Wed Nov 26, 2014 4:33 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Thank you Dudest. Your lines are so clear to see. What makes you think this wasn't the TV by the way? Too small, not accumulating enough orders?
2014-11-26_2331.png
I had my first win trades after studying this thread today :D
GBPCHF, got 3 positions in for 40, 35 and 27 pips.
Great day.

PS. from the chart above, were you able to capture the 1st push?
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