stevehopwoodforex.com • The Captains Chest - Naked Trading & Other Stuff

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dudest [ Tue Dec 16, 2014 8:01 pm ]

Post subject:

The Captains Chest - Naked Trading & Other Stuff

blazej » Tue Dec 16, 2014 7:37 pm wrote:So the key it's pattern recognition. You're doing really good job Dudest, I really appreciate it. So the most important thing while trading naked is experience and You're gathering it really fast. I'm amazed. All the best for You.

Greeting's

Błażej

Thanks Blaze, really appreciate it.

That point by CJ is an eye opener. So much so, have been reading up on the differences between pattern matching and pattern recognition [ though from a layman point of view, it already makes sense ]

With pattern recognition, I wouldn't have given up when EJ/CJ acted like they were not playing out exactly like AUDCAD/GBPNZD. I was applying pattern matching instead of pattern recognition

IMHO, I think pattern recognition is being able to see a horse on a field, and see a formation in the stars at night and make out a horse, and see a horse mapped out by the bits on a terrazzo floor... [ same same but different! ]

Pattern matching would be looking for Airforce One in an airfield full of planes after having been shown a picture of it. Pattern recognition would be being able to pick out all the Boeing 747s after having seen the same AF1 pic

Same same, but different... so kul

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Author:	blazej [ Tue Dec 16, 2014 4:37 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
So the key it's pattern recognition. You're doing really good job Dudest, I really appreciate it. So the most important thing while trading naked is experience and You're gathering it really fast. I'm amazed. All the best for You. Greeting's Błażej

Author:	seanyd [ Tue Dec 16, 2014 4:48 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
dudest » Tue Dec 16, 2014 2:23 pm wrote: tommiho » Tue Dec 16, 2014 2:34 pm wrote: seanyd » Tue Dec 16, 2014 12:57 pm wrote:Same as UJ a week ago only different ? Made the same mistakes too I don't know Sean, this thing looks like it can go up forever. The oil prices going down. Cad weakening, $ strengthening. seanyd » Tue Dec 16, 2014 3:03 pm wrote:Wouldn`t be the 1st time I was wrong , In at 11650 with 15 pip Stop , So see what happens I'm afraid I'm with Tommiho on this one Sean :/ I think it could go up all the way to 1.1800 to form a HH there before the run down... It's moved down from 1.1650 though, hope you didn't get stopped out by the spiky candles. Hope it moves down alot more for you Cheers Cheers Dudest Still in by the skin of my teeth , gona stay in see what happens Should at least come back inside the box Screenshot (537).png

Author:	seanyd [ Tue Dec 16, 2014 5:54 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
dudest » Tue Dec 16, 2014 5:44 pm wrote: seanyd » Tue Dec 16, 2014 7:48 pm wrote: Cheers Dudest Still in by the skin of my teeth , gona stay in see what happens Should at least come back inside the box Goodstuff Sean! PS: ok, wow, after looking at your (very clear) screenshot/chart, look what begins to pop up... . Excellent Mate well spotted We are gona crack this yet

Author:	dudest [ Tue Dec 16, 2014 7:34 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
seanyd » Tue Dec 16, 2014 8:54 pm wrote: Excellent Mate well spotted We are gona crack this yet Amen brother ! As CJ also pointed out, it's interesting to see the way traps/hunts happen when sessions are changing (e.g, when NY is opening ). Price is stuck high/low before the new session opens, then stuck low/high after the new session opens. Happens across the board ( the hooligans! ) Example: 20141216_xauusd_h4_sessions_change_hunts.png .

Author:	dudest [ Wed Dec 17, 2014 6:12 am ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
dudest » Tue Dec 16, 2014 4:20 pm wrote:USDTRY H1: BARF anyone? This will either work out VERY well or...pop! julien_mort_gum_bubble.jpg 20141215_usdtry_m30_tracking_barf.png 20141216_usdtry_h1_barf.png 20141217_usdtry_h1_barf_limit_orders.png 20141217_usdtry_h4_barf_limit_orders.png .

Author:	dudest [ Wed Dec 17, 2014 6:30 am ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
GBPCHF D1: Have taken late long entry entry on this one based on the pinbar bounce off Very Big Round Number 1.5000 TP area is the falling trendline. Mental stop is below Monday's low Let's see how long the wedge holds... 20141217_gbpchf_d1_long_off_pinbar_at_vbrn.png .

Author:	dudest [ Wed Dec 17, 2014 6:50 am ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
seanyd » Tue Dec 16, 2014 7:48 pm wrote: Cheers Dudest Still in by the skin of my teeth , gona stay in see what happens Should at least come back inside the box Hi Sean, By my count on the M15, it could still go lower, perhaps another 45+ pips... Still in?! 20141217_usdcad_m15_levels.png .

Author:	Reaper [ Wed Dec 17, 2014 9:56 am ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
Well what could happen is at 13:30 UTC there is a lot of news which could accelerate GU and EU up and in turn send UC down. Alternatively UC could be held and fall on its own later in the day with the release of the FOMC decision at 19:00. Alternatively again they all could move at 19:00 as its US related news (US interest rates). So we might be seeing a reversal pattern (M) right now on UC. Will keep an eye out for divergence later. Will be focusing on either GU or EU whichever breaks first.

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