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| The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572 |
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| Author: | Captain Jack [ Thu Mar 14, 2013 7:42 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
The steeper the rise, the quicker the fall....always wise to check the 1H, 4H and D1 candles...never know what you will "see"...  CJ |
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| Author: | Captain Jack [ Thu Mar 14, 2013 8:01 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
What's on my plate..... love me some 4H and D1.... CJ |
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| Author: | Captain Jack [ Thu Mar 14, 2013 8:05 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
I have a large plate.... I'd like for you to take a look at the AUDNZD chart I posted earlier with the projections on it.... CJ |
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| Author: | lhDT [ Thu Mar 14, 2013 8:28 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
No cable short on the menu ? |
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| Author: | Pueo [ Thu Mar 14, 2013 8:33 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
CJ, I didn't close my eurnzd short as I was aiming for the adr low and gap close. Do you think the trade is still good? Thanks for sharing your lunch menu. |
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| Author: | Captain Jack [ Thu Mar 14, 2013 8:35 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Look on page 54 of this thread, in my reply to your post on Cable..... I've also got some AUDCHF and maybe one or 2 others... These are all taken on the higher time frames so I will take the direction of these trades in consideration when looking for trades on the 15M. CJ |
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| Author: | Captain Jack [ Thu Mar 14, 2013 8:41 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Consider and then you decide.... CJ |
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| Author: | Pueo [ Thu Mar 14, 2013 8:50 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Nice. I was wondering when I didn't see it on your menu.. I haven't traded the crosses a lot, I have to get used to their behaviours. I'm going fire up forex tester professional and go through bar by bar on the 4h some of the crosses.. For anyone that's doing the sim with Empty4, its pretty clunky with the fast forward as you can't easily start and stop it when you want, you can also go back in time and then press F12 for each new bar. With FX tester you click 4 or 5 times for each bar and see it in development, plus you can set your trades like in real life and it keeps your totals. |
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| Author: | lhDT [ Thu Mar 14, 2013 8:52 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Let's assume a short at the top (the last small "M" up leg), a correct SL should be above the high but by how much ? As u know this is the favorite broker games to just stop hunt at the highs. |
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| Author: | Captain Jack [ Thu Mar 14, 2013 8:57 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Here's a good one to consider from both sides of the glass.... Notice how they keep validating the fibo levels but the bar for price itself is always moving lower. This is creating a "false" S/R level. Longs will set buy stops above the false level. The next time up, those orders will be sitting in an artificially created zone, ABOVE the true price zone. It will be easy for them to trigger stops at that level again, putting LONGS in a very disadvantaged area. SHORTS are no better as their stops are inflated as well and the return will see price spread beyond them and stop them out for increased losses as the pins are used for stops... Thoughts? CJ |
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