The Captains Chest - Naked Trading & Other Stuff

[dudest]

Hi,

there is a foxy pattern that repeats everywhere on all time frames, I call it the Retrace Double Stop Hunt (RDSH) pattern, could be also an harmonic pattern under a different name or known elsewhere...

The pattern:
After a push/leg the price retraces and fails to retest the recent swing high/low. This is an usual retracement (maybe with a fibo ratio like .618 too).
During the retracement new traders come on board thinking it will retest the previous swing point, but market stops them out as soon as a new low/high is created.
When this new low/high is created new traders (breakout, ABCD, etc...) enter the market in expectation to see the market continue in the direction. But here the market reverses again and moves to the previous retracement's high/low to stop all new traders out. Foxy would say "hit them low, hit them high "

Here some charts to explain it visually:







Not sure how to trade this, a possible entry is after the first stop hunt in expectation for the second one to previous high/low of the retracement.
Note: careful in trending market conditions

I hope you find this useful

Nice work Jurij!, good on you for posting it up

Going through charts to gain a better understanding

Cheers!

[dudest]

NZDCHF headed to a key zone not breached for several years

On the watch out for short opps once it gets there

PS: will also be watching its opposite, EURNZD. The EUR and CHF were not always paired, so the monthly charts don't look much alike. Will also be on the watch for EURNZD longs

Prefer EURNZD longs over NZDCHF shorts ( higher pip movement )

20150108_nzdchf_mn1_approaching_key_level.png

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[dudest]

Hallo peeps,

...

20150107_usdzar_h1_head_fake_stop_hunt_shorts.png

20150108_usdzar_h1_head_fake_stop_hunt_shorts.png

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[dudest]

My take on USDJPY

20150108_usdjpy_h4_levels.png

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[Jurij]

My take on USDJPY



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Yes, also on 15min/1H level 3

usdjpy 15min level 3.png

[Dagu]

Hi,

there is a foxy pattern that repeats everywhere on all time frames, I call it the Retrace Double Stop Hunt (RDSH) pattern, could be also an harmonic pattern under a different name or known elsewhere...

The pattern:
After a push/leg the price retraces and fails to retest the recent swing high/low. This is an usual retracement (maybe with a fibo ratio like .618 too).
During the retracement new traders come on board thinking it will retest the previous swing point, but market stops them out as soon as a new low/high is created.
When this new low/high is created new traders (breakout, ABCD, etc...) enter the market in expectation to see the market continue in the direction. But here the market reverses again and moves to the previous retracement's high/low to stop all new traders out. Foxy would say "hit them low, hit them high "

Here some charts to explain it visually:







Not sure how to trade this, a possible entry is after the first stop hunt in expectation for the second one to previous high/low of the retracement.
Note: careful in trending market conditions

I hope you find this useful

Hi Juri
It's just simple M and W patern, CJ showed us this pattern many times, OFC you are right this pattern mean retace and nice run, it's also a stophunt to take some big order and run away, cou can find this pattern on all TF's even on monthly or tick charts
Sometimes M and W means nothing more than just pasue for next falls/rises

best regards

[dudest]

Hallo peeps,

...

...

Done

20150108_usdzar_h1_head_fake_stop_hunt_shorts_end.png

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[Piter80]

Great shot Dudest

[Piter80]

USDJPYH4 level 2.png

NZDUSd 2 level h4.png

GBPJPYH4.png

EURUSDWeekly.png

[blazej]

Both XAGUSD and XAGEUR shown long oppurtunity during the day but lower than I thought. How do You Dudest cope with not using sl? After good december now I have SL hit more than often. The direction is good and the entry is not. You must be really confident with Your setups to not use the SL.