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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 11:57 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
You catch it right, you can usually count on 50 pips easy....off the bottom....or 50% from the high to the low....Fox likes fibo's.... CJ |
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| Author: | mjws00 [ Fri Mar 15, 2013 12:03 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
The story of the flea and the fox. You are rockin this thread hard, CJ. Nice. Sometimes that old fox plays rough. Here is a laugh ya'll. |
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| Author: | Kruspe [ Fri Mar 15, 2013 12:04 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Yep, it´s EG.. I see what you wrote.. it does make sense  ... I know, it would be choppy now and not so pretty as I draw.. I just wanted to know you agree it will rise then ... what price would be the best to enter the trade ? .86 or some buy stops at lower levels ? Thx CJ |
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| Author: | Captain Jack [ Fri Mar 15, 2013 12:10 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
They may throw another low pin later during the stop hunt to pull some shorts in.. I've got 3 orders in now, as low as could get them.... You won't get all of the pin low because they will spread price.... Like I said, level 3 is usually not normal action, but expect a pin high above range, then a pin low...maybe a "W" or a straight run if no stop hunt.... CJ |
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| Author: | Captain Jack [ Fri Mar 15, 2013 12:22 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
YW CJ |
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| Author: | f451 [ Fri Mar 15, 2013 12:26 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Mike, thanks for that - seeing the (almost) mistakes can often be as valuable or more so than the perfect trades CJ - not only weren't you kidding on your quip about not using all of your available margin, I am super impressed that you actually invite margin calls to bump up your equity. Nice work, sir! And a question - do you use limit orders to get a good entry on the second leg of a M or W, and if not, why not? |
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| Author: | Captain Jack [ Fri Mar 15, 2013 12:40 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
The only time I use limit orders is when I'm looking for that "M" or "W" top...I'll put an order in going with price to the top or bottom, a TP level at the top or bottom , and then a limit buy or sell where I think the leg will pin. I just did that on the EURNZD pair that we were expecting to pin on top of the "M" 2nd leg....my TP was just hit....but I don't know if they will pin the price high to hit my sell limit...if not, I fire an order out.... Most of the time I trade, it's market orders that I place.... CJ |
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| Author: | Captain Jack [ Fri Mar 15, 2013 12:41 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Trades are there for the taking....should have got in earlier and for more but there's beer money for the weekend!  CJ |
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| Author: | Captain Jack [ Fri Mar 15, 2013 1:39 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Stops hit high and low on USDJPY - might be a mover tonight.... CJ |
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| Author: | Captain Jack [ Fri Mar 15, 2013 2:53 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Set of RRT to the low but not a lower low.... CJ |
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