The Captains Chest - Naked Trading & Other Stuff

Jurij · Post by **Jurij** » Mon Jan 05, 2015 9:20 am

daggerfall » Mon Jan 05, 2015 12:20 am wrote:
Hi Jurry sorry for late reply
What could I say : P I have a little experience with this kind of stuff
It tooks me a lot of time to understand what CJ said - Patterns repeats
Its simple but it's in our human nature is to complicate things, thats why it tooks me so much time

What's the accuracy ? I think with 6 month of experience with finding best patterns you can reach 80% of profit trades and all of them with RR 1:2 or even beter

As you can see sometimes I'm wrong like with NZD/USD the pattern was there but I was wrong i see that after the move - nothings wrong just make a mistake and learn from it and move to the next trade
What else I can say, trading on lower TFS is not working for me, I feel best on H4
In november I had almost 90% of accuracy and make a lot of money (200% of depo)
Unfortunately in december my self confidence grow so much that I was starting to trade poor setup's and making bad decisions - as you can see a proper MM and patience is even more important than a strategy : ) Thats why the trader is earning not strategy

Thats all from me
best regards

nice, congrats for your performance!
one last question

when you are looking for potential matching patterns, do they have to be nearly 100% accurate? Or do only swing points matching (higher high, lower high, lower low, higher low) count? For example if the swings match but in between there is chop that differs from original pattern... Hope my question is not too confusing.

thanks

Post by **milanese** » Mon Jan 05, 2015 9:25 am

@Jurij we have a nice function to use only the last quote when posting look here how it is to use

---> http://www.stevehopwoodforex.com/phpBB3/kb.php?a=13

Jurij · Post by **Jurij** » Mon Jan 05, 2015 9:27 am

milanese » Mon Jan 05, 2015 10:25 am wrote:@Jurij we have a nice function to use only the last quote when posting look here how it is to use

---> http://www.stevehopwoodforex.com/phpBB3/kb.php?a=13

oh nice, did not notice that button, thanks

Jurij · Post by **Jurij** » Mon Jan 05, 2015 9:30 am

Potential setup

gbpchf lvl1 cont.png

dudest · Post by **dudest** » Mon Jan 05, 2015 9:45 am

Direwolf » Mon Jan 05, 2015 5:32 am wrote:Anyone else got this crazy spikes on CHF pairs?

20150104_gbpchf_w1_pinbar_for_shorts.png

20150104_gbpchf_d1_beeb_for_shorts.png

20150104_gbpchf_d1_beeb_for_shorts_monday_morning.png

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Post by **Dagu** » Mon Jan 05, 2015 9:51 am

Jurij » Mon Jan 05, 2015 9:20 am wrote:
daggerfall » Mon Jan 05, 2015 12:20 am wrote:
Hi Jurry sorry for late reply
What could I say : P I have a little experience with this kind of stuff
It tooks me a lot of time to understand what CJ said - Patterns repeats
Its simple but it's in our human nature is to complicate things, thats why it tooks me so much time

What's the accuracy ? I think with 6 month of experience with finding best patterns you can reach 80% of profit trades and all of them with RR 1:2 or even beter

As you can see sometimes I'm wrong like with NZD/USD the pattern was there but I was wrong i see that after the move - nothings wrong just make a mistake and learn from it and move to the next trade
What else I can say, trading on lower TFS is not working for me, I feel best on H4
In november I had almost 90% of accuracy and make a lot of money (200% of depo)
Unfortunately in december my self confidence grow so much that I was starting to trade poor setup's and making bad decisions - as you can see a proper MM and patience is even more important than a strategy : ) Thats why the trader is earning not strategy

Thats all from me
best regards
nice, congrats for your performance!
one last question
when you are looking for potential matching patterns, do they have to be nearly 100% accurate? Or do only swing points matching (higher high, lower high, lower low, higher low) count? For example if the swings match but in between there is chop that differs from original pattern... Hope my question is not too confusing.

thanks

Hi frend ; )
You will never find exactly this same pattern, they are always distorted a bit but they are still there
Foxes are doing everything what they can to steal your money but they need to stick the plan
I can't do a price map it's to hard for me and i don't even know how to do that correctly BUT when I see some nice pattern on H4 I KNOW that this same pattern is already there but lower, after that I just follow the tracks and thats all

It's hard on the begining but with time and gathered experience your self confident will rise to the heaven ; )

best regard

dudest · Post by **dudest** » Mon Jan 05, 2015 9:51 am

GBPNZD: took a late long on Friday at 73.6

Have closed coz seems a TV is in progress (see H4)

Will re-enter long at TV bottom boundary

Cheers

20150105_gbpnzd_h1_tv_in_progress.png

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Direwolf · Post by **Direwolf** » Mon Jan 05, 2015 9:53 am

woa did that close you out Dudest?

Fundamentally I think EUR is so going down. Draghi hinted QE to be starting soon, Greece situation... what else to expect. QE could start as soon as 22nd this month. If we get a 3-push-up during next 2 weeks, we know what the fox is up to.

2015-01-05_1637.png

Zooming out for an even nicer level to sell. Here's me copying dudest's colors

2015-01-05_1703.png

dudest · Post by **dudest** » Mon Jan 05, 2015 9:55 am

dudest » Fri Jan 02, 2015 7:36 pm wrote:Had to close out the few winners in order to partially cover losses due to shake-outs and misreads

However, I have my own brand of revenge trading (RT) when I finally see what's happening ( e.g on NZDUSD, XAUUSD after NY open ).

My favourite weapons are the metals. This time, it is SILVER --> same margin as a major, 5 times the impact.

No hostages

XAGUSD: was content with the profit, so got out same day

Cheers

20150102_xagusd_d1_possible_head_fake_h1_longs_end.png

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dudest · Post by **dudest** » Mon Jan 05, 2015 10:03 am

Direwolf » Mon Jan 05, 2015 12:53 pm wrote:woa did that close you out Dudest?

...

Hadn't put in the limit entries ( went to sleep before market open )

Also, 99% of the time, I don't use SLs...

Look what happened with GBPNZD! I'd have been stopped out if I had an SL, only for price to go almost 200pips in my favour a few hours later...

In yo face Fox!