Hi CJ, this one is a great setup and also bouncing off WS1. Quick Q: Do you look at pivots at all or do you only trade naked (no pics pleaseCaptain Jack wrote:Set of RRT to the low but not a lower low on EURGBP
CJ
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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 [ Fri Mar 15, 2013 5:31 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Hit the stops high on USDJPY again....range extension should begin.... CJ |
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| Author: | Captain Jack [ Fri Mar 15, 2013 6:01 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Range being extended on EURGBP....scalped out of my earlier trades....hope to get in lower again.... CJ |
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| Author: | Jemook [ Fri Mar 15, 2013 6:02 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Hi CJ, this one is a great setup and also bouncing off WS1. Quick Q: Do you look at pivots at all or do you only trade naked (no pics please ) |
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| Author: | Captain Jack [ Fri Mar 15, 2013 6:06 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
CHF looks like it's being "held" on some....for the time being... CJ |
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| Author: | Captain Jack [ Fri Mar 15, 2013 6:27 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Hi Jeremy, I'm aware that most turns in price will hit some type of S/R line. However, I do not believe that price is drawn to the level, line or pivot, I believe that the line is drawn by price. When I trade the 4H and D1, which I've made my home on, I can pretty much see the lines trends would make as well as S/R areas. I'll throw a line on a chart for reference now and then, as a reminder of something I may want to do when price gets there, but it's more of a visual aid. I tend to plot patterns that I feel price will follow as well. There are several posted in the thread and EURGBP is one of them.... When trading the 15M, I'll follow the "Fox"  CJ |
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| Author: | Pueo [ Fri Mar 15, 2013 6:57 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
CJ, I notice that you often cover a lot of hours in the trading day. I'm wondering if you check the charts every 15 minutes, or when price level alerts go off, or if you're watching the charts almost all the time? |
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| Author: | Captain Jack [ Fri Mar 15, 2013 6:58 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Nice work on the charts Mike. Thanks for your input as it's always welcome....  CJ |
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| Author: | Captain Jack [ Fri Mar 15, 2013 7:09 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
I've got a high powered laptop near me all the time. Being retired, I have a lot of time on my hands. As my wife's caregiver, I'll disappear for awhile when needed. Right now, she is in good health, thank the Lord, and I have a lot of hours to look at charts if I choose. I'll pick up the laptop and scan the 1H, 4H and D1's most of the time...they don't change often. When I'm actively trading the 15M's, I'm always here. I'll let the longer term trades run when I put those on as the lot size tends to be smaller and the trades need less babysitting.... The setup on the 15M are taking place now. My local time is GMT -5 so I could sleep a few hours and get up around 1-2am if I wanted to check the charts before London. Having worked shift work for 36 years, working nights is nothing new to me and I enjoy it. Us old, retired folk can fall asleep just about anytime so snoozing during the daylight hours is no problem. Spending hours in the charts is how I taught myself to trade as I do. It does take time to stay up on the charts, but once your get the "rhythm" of the charts, but t comes almost 2nd nature anymore. CJ |
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| Author: | Reaper [ Fri Mar 15, 2013 7:20 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push? |
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| Author: | Pueo [ Fri Mar 15, 2013 7:26 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Thanks for the info. That makes a lot of sense to just trade the 15m when it's the busiest volume time of day and then leave the rest to d/4/1 trades. I found a barf! |
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