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The Captains Chest - Naked Trading & Other Stuff
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Author:  dudest [ Fri Jan 09, 2015 8:51 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
blazej » Fri Jan 09, 2015 12:32 am wrote: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.
Bummer for the losses man :/

Not having an SL means I have to close myself out, and sometimes that happens more than I like

But when a setup shows itself plainly (one/two looks at it and it just jumps out), the confidence starts to climb

I remember CJ saying in the BARF PDF that what soared his confidence in his trades was seeing that he was taking same trades that Entropy was signalling. BARF was actually a way to get the best entries to an Entropy signal... (food for thought)

PS: I also think XAGUSD is angling to go up.
The A-B-C on the D1 is not perfect (compare with the USDZAR H1/H4 from past two days) but it still looks like the Foxes' intent is to push price up, not down

Charts:
20150109_xagusd_d1_watching_longs.png
20150109_xagusd_h4_watching_longs.png
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Author:  blazej [ Fri Jan 09, 2015 8:53 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
XAGUSD M30 Are You Dagger builind long position here?

Greetings,

Błażej

P.S. This weekend I'am gonna read the thread again. There is something I still do not "see".

P.S. 2. Thank You for Your help Dudest.
Author:  dudest [ Fri Jan 09, 2015 8:55 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
@XAGUSD D1: That could also happen!

Hope today's NFP will be interesting :) [ not like that sham they put on 2 days ago! ]

Cheers
Author:  dudest [ Fri Jan 09, 2015 9:07 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
That's a nice looking W!

If I'm late to an M or W, I like to wait for L1 to form, then I jump in on the retrace before it continues to next level. Something like this:
20150109_audusd_h4_levels_projection.png
This should be interesting :)
Author:  dudest [ Fri Jan 09, 2015 9:10 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
daggerfall » Fri Jan 09, 2015 10:40 am wrote:
...

You know foxes aren't gods and they have limited funds, even if they control 60% of the market they require rest 40 to earn money....

...
LOLEST! Good stuff :)
CJ:
Understand clearly that the tools these "somebodies", who I refer to as the Fox, use to move price are also limited. They continue to use the same tools over and over again, because they work, over and over again. That is why patterns repeat over and over again.
Author:  dudest [ Fri Jan 09, 2015 9:33 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Direwolf » Fri Jan 09, 2015 11:28 am wrote:Dudest you've read the entire post? wow. I've gotten too lazy, been stuck at page 98 since a few weeks before new year... bad Direwolf!
@bad Direwolf: LOL :)

Actually, I couldn't manage to read the entire thread (3 attempts).

So I just read CJ's posts only :)
CJ Profile.png
Author:  dudest [ Fri Jan 09, 2015 9:42 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Direwolf » Fri Jan 09, 2015 11:44 am wrote:I got in on cad/chf. Stop is only 6 pips.


Kinda fun when you think you're risking 1R for 10+R xD
Sorry mate, but your W wasn't off a peak low

Methinks this one wants to go down

That was a low risk trade though, good on you
20150109_cadchf_h4_levels.png
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Author:  Direwolf [ Fri Jan 09, 2015 9:46 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
You're right, stopped out of cadchf, -1R. May oil fair me better!
Author:  Direwolf [ Fri Jan 09, 2015 9:47 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Classic London stop hunt? And on such a classic pair, EUR/USD. Clearing the board ready for NFP obviously.
Author:  dudest [ Fri Jan 09, 2015 9:53 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Direwolf » Fri Jan 09, 2015 12:46 pm wrote:You're right, stopped out of cadchf, -1R. May oil fair me better!
Amen!
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