The Captains Chest - Naked Trading & Other Stuff

Post by **seanyd** » Tue Dec 23, 2014 1:34 am

Direwolf » Tue Dec 23, 2014 12:15 am wrote:Last night I reached the page with pip400's excellent summary.
http://www.stevehopwoodforex.com/phpBB3 ... 810#p47808

After reading that I right away discovered this!
USD/CAD, tight range Asian, pushed further near London, W, went all the way above Asian range.

Last night I thought M could be forming during NY too. However CJ said it's very important to look at higher TF to know where we are in the cycle and I had no clue either h4 or daily.

Hi Direwolf

This is what I see

:

Screenshot (558).png

dudest · Post by **dudest** » Tue Dec 23, 2014 6:51 am

Direwolf » Tue Dec 23, 2014 2:56 am wrote:
Direwolf » Mon Dec 22, 2014 8:36 pm wrote:Gold accumulating orders to drop?
OMG why oh why wasn't I in the trade! At least I built confidence I guess

Great call!

dudest · Post by **dudest** » Tue Dec 23, 2014 7:24 am

GBPCAD H4:

dd8_d.png

20141223_gbpcad_h4_abc_shorts.png

.

dudest · Post by **dudest** » Tue Dec 23, 2014 9:45 am

dudest » Mon Dec 22, 2014 3:33 pm wrote:
blazej » Sun Dec 21, 2014 6:31 pm wrote:Bearish flag here. Might sell here once again if confident enough with price action.
Hi Blaze,

Took short trades off your idea.
From your chart, seemed to me EURAUD has gone down 2 levels.
In anticipation of going down to L3, took shorts (via pendings) at the top of current range.
Also prepared that it could go against me, esp to 61.8 retrace ( about 60 pips above entry )
...

EURAUD H1: took more shorts at the 61.8

20141222_euraud_h1_levels_shorts.png

20141223_euraud_h1_levels_shorts.png

.

dudest · Post by **dudest** » Tue Dec 23, 2014 11:03 am

dudest » Tue Dec 23, 2014 9:51 am wrote:
Direwolf » Tue Dec 23, 2014 2:56 am wrote:
Direwolf » Mon Dec 22, 2014 8:36 pm wrote:Gold accumulating orders to drop?
OMG why oh why wasn't I in the trade! At least I built confidence I guess
Great call!

My XAUUSD roadmap thus far:

20141216_xauusd_d1_thoughts_direction_intent.png

20141216_xauusd_d1_thoughts_direction_intent_phase1.png

20141216_xauusd_d1_thoughts_direction_intent_phase1_h4_view.png

20141223_xauusd_d1_thoughts_direction_intent_phase2.png

20141223_xauusd_d1_thoughts_direction_intent_phase2_h4_view.png

.

blazej · Post by **blazej** » Tue Dec 23, 2014 11:36 am

You're the Boss Dudest. You already can predict price action.

Direwolf · Post by **Direwolf** » Tue Dec 23, 2014 11:39 am

2 more hours until US GDP number release. USD/CHF looks like it's collecting a lot of buy orders. Preparing for an explosion down? Most bears are probably dead by now. Hitting the bulls' stops may be the next move, whether it reverse up from there remain to be seen.

2014-12-23_1828.png

AUD/USD. A bit late but the bear trap gave me a chance to enter with only 7 pips stoploss so why not.
H4 it looks like a bull trap, price may go higher to lure more bulls before reversing again.

2014-12-23_1835.png

2014-12-23_1837.png

EURGBP. Tight Asian range, stop hunt below, M on top, price drop to hunt stop on other side?

2014-12-23_1843.png

dudest · Post by **dudest** » Tue Dec 23, 2014 12:45 pm

Direwolf » Tue Dec 23, 2014 2:39 pm wrote:2 more hours until US GDP number release. USD/CHF looks like it's collecting a lot of buy orders. Preparing for an explosion down? Most bears are probably dead by now. Hitting the bulls' stops may be the next move, whether it reverse up from there remain to be seen.

...

I think it might go up...

20141223_usdchf_h4_rising_wedge.png

.

Direwolf · Post by **Direwolf** » Tue Dec 23, 2014 1:34 pm

dudest » Tue Dec 23, 2014 7:45 pm wrote:
Direwolf » Tue Dec 23, 2014 2:39 pm wrote:2 more hours until US GDP number release. USD/CHF looks like it's collecting a lot of buy orders. Preparing for an explosion down? Most bears are probably dead by now. Hitting the bulls' stops may be the next move, whether it reverse up from there remain to be seen.

...
I think it might go up...

.

it went up! Both my AUDUSD and USDCHF are stopped out now.

dudest · Post by **dudest** » Tue Dec 23, 2014 2:43 pm

blazej » Tue Dec 23, 2014 2:36 pm wrote:You're the Boss Dudest. You already can predict price action.

Not yet, but I hope someday....

To follow the path,
Look to the master,
Follow the master,
Walk with the master,
See through the master,
Become the master.

-- Hsin Hsin Ming