The Captains Chest - Naked Trading & Other Stuff

dudest · Post by **dudest** » Thu Dec 04, 2014 3:46 pm

Direwolf » Thu Dec 04, 2014 4:00 pm wrote:Thank you! Interesting point about CHF. I can't identify the pattern on that one tho.

Does this pattern lead anywhere? AUD/CAD h1.

Not tracking AUDCAD at the moment, not seeing anything of interest currently

dudest · Post by **dudest** » Thu Dec 04, 2014 3:52 pm

dudest » Wed Dec 03, 2014 10:46 pm wrote:
OK, coz next leg is beginning, I'll post what it reminds me of [ incase someone would like to jump in as well ]

PS: screenshots below were taken a few hours ago

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After alot of deception & shenanigans, it's finally gotten a move-on

Had to bank positions opened much lower down to buffer up margin [ due to a bit of EUR,CHF/JPY DD ]

Let's see

20141204_nzdusd_h4_channel_partern_inverted_in_play.png

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dudest · Post by **dudest** » Thu Dec 04, 2014 3:56 pm

20141203_gbpnzd_h4_levels_longs_in_play.png

20141204_gbpnzd_h4_levels_longs_over.png

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dudest · Post by **dudest** » Thu Dec 04, 2014 8:43 pm

20141204_gbpchf_h4_levels_longs.png

Post by **intcust** » Fri Dec 05, 2014 5:32 pm

dudest

I like the stacking of the trades very good

intcust

dudest · Post by **dudest** » Sat Dec 06, 2014 4:21 am

intcust » Fri Dec 05, 2014 8:32 pm wrote:dudest

I like the stacking of the trades very good

intcust

Thanks intcust, more than covers for the losses

Direwolf · Post by **Direwolf** » Sat Dec 06, 2014 4:24 am

Hi Dudest. May I ask if there are anything you look for before you add more positions to your trade? Is it based on certain criteria?

dudest · Post by **dudest** » Sat Dec 06, 2014 4:25 am

dudest » Wed Dec 03, 2014 10:46 pm wrote:
OK, coz next leg is beginning, I'll post what it reminds me of [ incase someone would like to jump in as well ]

PS: screenshots below were taken a few hours ago

.

Don't know if the pattern is invalidated or if they are just trying to muddy up the pattern to throw people off (probably the 2nd one)

Took a hit, and got out while I could

Early next week will show which is which

Cheers

dudest · Post by **dudest** » Sat Dec 06, 2014 4:33 am

dudest » Mon Dec 01, 2014 6:32 pm wrote:
...

EJ and CJ too are 'off-script' (my script); beginning to operate like a bearish BARF

20141206_chfjpy_h4_bearish_barr_maybe.png

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dudest · Post by **dudest** » Sat Dec 06, 2014 4:50 am

Direwolf » Sat Dec 06, 2014 7:24 am wrote:Hi Dudest. May I ask if there are anything you look for before you add more positions to your trade? Is it based on certain criteria?

Hey DW,

Wow, this brings back a sense of deja-vu, I also asked CJ questions on stacking [ 8 months ago to be precise, scared that time has moved that fast... ]

My query was here on page 341: http://www.stevehopwoodforex.com/phpBB3 ... 734#p85734

The two pages 341 and 342 are loaded with seriously good summary on how CJ thinks + examples of stacking
341: http://www.stevehopwoodforex.com/phpBB3 ... start=5100
342: http://www.stevehopwoodforex.com/phpBB3 ... start=5115

==

After some thought, I'd say that I stack when price is doing what I thought it would do. I think that's the biggest indicator that you know you are right ---> stacking = laying on additional trades when you KNOW you are right.

For example: if I think price has hit Level 1 and will retrace to 73.6 then continue moving on and price plays according to that script, I add to my initial entry as much as I can. My preference is to have heavy lots as early on as possible and then leave price alone to move to next level.

From my observation, CJ does heavy lots + also continues stacking as price progresses. As he said in the pages given above, the specifics of how you stack is your preference and how you are comfortable with what you are risking, & so on.

Goodstuff