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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 557 of 1600
Author:  tommiho [ Tue Feb 03, 2015 8:00 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Thanks Dudest, there is more luck to it than trading fines. Still learning. The curve is steeper than I thought.
Your hints and clues are very welcome. :good:
Author:  dudest [ Tue Feb 03, 2015 8:06 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Zaleske » Tue Feb 03, 2015 12:48 pm wrote:Remember a few days ago, when I was looking at my "map" of AUDJPY and was wondering about the extent of the drop? Huh, how's today for an answer :geek:



It's interesting to note how the levels in the drop got distorted, yet now we have something that better looks like that M15... So, instant reversal now?
I like your map man! [ forgive my assumption if you are not a man... :) ]

Anticipating the a-b-c, took AUDUSD longs and closed them as soon as the large pin formed on H1

Want to wait for price to fall back again ( to form the 'c' ) then re-enter

[ Same scheme for AUDJPY ]

Cheers! :hi:
20150203_audusd_h1_longs_closed_waiting_for_c.png
20150203_audjpy_h4_waiting_c_for_longs.png
.
Author:  Zaleske [ Tue Feb 03, 2015 8:23 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Tue Feb 03, 2015 9:06 pm wrote:
I like your map man! [ forgive my assumption if you are not a man... :) ]

Anticipating the a-b-c, took AUDUSD longs and closed them as soon as the large pin formed on H1

Want to wait for price to fall back again ( to form the 'c' ) then re-enter

[ Same scheme for AUDJPY ]

Cheers! :hi:



.
I am indeed a man, so no problem here :)

The pair pretty much did what it was supposed to do today, and I also closed a nice stack on that demo account, keeping first trade as anchor. Price should not revisit your "b".

I'd like to draw a more accurate map, but I'm not really sure about where the pauses will be since the levels have been kind of messed with... Nevertheless, it should go up for a while. I'll probably keep on focusing on that pair and not look around too much, still a lot to learn. Have to read more on your ABC concept too ... :lol:
Author:  Zaleske [ Tue Feb 03, 2015 9:19 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Zaleske » Tue Feb 03, 2015 9:23 pm wrote:
I am indeed a man, so no problem here :)

The pair pretty much did what it was supposed to do today, and I also closed a nice stack on that demo account, keeping first trade as anchor. Price should not revisit your "b".

I'd like to draw a more accurate map, but I'm not really sure about where the pauses will be since the levels have been kind of messed with... Nevertheless, it should go up for a while. I'll probably keep on focusing on that pair and not look around too much, still a lot to learn. Have to read more on your ABC concept too ... :lol:
Yet, i tried :smile:
2015-02-03_22-06-17.jpg
However, if the general shape still holds and the levels are misplaced, I can still see it go a bit higher than I drew, even to 94.5-95ish, to burn the stops around 01/28 high before going back down to print the C. Something like that:
2015-02-03_22-17-06.jpg
What do you think?
Author:  dudest [ Tue Feb 03, 2015 9:48 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Zaleske » Tue Feb 03, 2015 11:23 pm wrote:
I am indeed a man, so no problem here :)

The pair pretty much did what it was supposed to do today, and I also closed a nice stack on that demo account, keeping first trade as anchor. Price should not revisit your "b".

I'd like to draw a more accurate map, but I'm not really sure about where the pauses will be since the levels have been kind of messed with... Nevertheless, it should go up for a while. I'll probably keep on focusing on that pair and not look around too much, still a lot to learn. Have to read more on your ABC concept too ... :lol:
Goodstuff! :)

PS: the 'ABC' concept is actually a revelation of CJ's. 'ABC' was just how I lettered the points in order to remember them. It's a stop-hunt pattern that he revealed in his BARF thread at FXAW [ PDF available for download here ]

http://www.stevehopwoodforex.com/phpBB3 ... 39#p107439

http://www.stevehopwoodforex.com/phpBB3 ... 13#p107513

http://www.stevehopwoodforex.com/phpBB3 ... 13#p107613

Cheers
Author:  dudest [ Tue Feb 03, 2015 10:16 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hi peeps,

Here's a neat script that Tommaso (milanese) coded up for me the other day [ thanks bro! :hi: ]

Got tired of placing MANY pendings manually. So the script does the donkey work

The inputs are very straight-forward

Code: Select all

Lot = 0.50;                  # pending order lot size
Direction=1;                 # 1 = buy, 2 = sell
First_PendingOrder_Price=0;  # price to set the first pending order at
NumberOfPendingsToSet=5;     # number of pending orders to create
DistanceOrdersPips=20;       # distance between pending orders
MagicNumber=0;               # magic number of pending orders
TradeComment="";             # trade order comment for the pending orders 
ShowAlerts = false;          # set true to get an Alert on each successful creation
Script goes into your MQL4\scripts folder

Enjoy :)
PlacePendingOrders_Dudest.mq4
Author:  Jurij [ Tue Feb 03, 2015 10:31 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Tue Feb 03, 2015 9:06 pm wrote:
I like your map man! [ forgive my assumption if you are not a man... :) ]

Anticipating the a-b-c, took AUDUSD longs and closed them as soon as the large pin formed on H1

Want to wait for price to fall back again ( to form the 'c' ) then re-enter

[ Same scheme for AUDJPY ]

Cheers! :hi:



.
Looks good, possible retracement coming soon, if price continues following the map I posted the other day.
audusd 4H map3.png
audusd 4H map.png
ps. the question is when does price stop following a map? I guess we will see soon enough :P
Author:  dudest [ Tue Feb 03, 2015 10:39 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
USDSGD H4: nice place to go long

A. Go up and form M to go down
B. Form a W, and start the count again for another 3 levels up
20150203_usdsgd_h4_great_area_for_longs.png
.
Author:  dudest [ Tue Feb 03, 2015 11:05 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Jurij » Wed Feb 04, 2015 1:31 am wrote:
Looks good, possible retracement coming soon, if price continues following the map I posted the other day.



ps. the question is when does price stop following a map? I guess we will see soon enough :P
Hi Jurij,

I'm hoping it will just be a minor retrace (like a typical a-b-c)

Have my buy limits set between 90.30 and 90.70 [ between 50.0 and 61.8 Fib ] {AUDJPY}
Author:  dudest [ Tue Feb 03, 2015 11:18 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Zaleske » Wed Feb 04, 2015 12:19 am wrote:
Yet, i tried :smile:



However, if the general shape still holds and the levels are misplaced, I can still see it go a bit higher than I drew, even to 94.5-95ish, to burn the stops around 01/28 high before going back down to print the C. Something like that:



What do you think?
Hi Zaleske

I think the high point after 'b' is the minor bump before 'a' is formed. So I think 'c' may come alot sooner (probably by NY today)

Have pendings set incase it does

Cheers
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