The Captains Chest - Naked Trading & Other Stuff

Post by **ZumZum** » Fri May 01, 2015 6:44 am

My attempt of analysis for next week:

CADJPYH4.png

After 3 pushes up pair reached very strong level 99.00 and stopped. Some sort of trapping volume aka TV formed. So now 2 way scenario to monitor: a break and continuation of uptrend or any reverse pattern and drop down to test 96.5 again. That little pin on top drags me towards second scenario, but I'd like to see more clues for confidence.

Any thoughts guys? BTW have a good day off everyone

Cheers,
Arthur

dudest · Post by **dudest** » Fri May 01, 2015 12:05 pm

sympathy » Fri May 01, 2015 1:57 am wrote:
dudest » Thu Apr 30, 2015 10:14 pm wrote:Sorry peeps, wasn't around.
Have missed a couple of posts that needed timely replies, hope the trades are going OK.

New D1 trades [ @AnotherBrian ]

1. GBPCAD shorts: pin at resistance
2. USDSEK longs: pin at support

Cheers

...
hello dudest, is that pin ok? it looks like doji.

It's ok, even as a doji.
We are taught traditionally that doji = indecision. IMHO, there's no such thing for the price movers. That is how they clear the positions in their book. Look at the candle formed during a news event ( H1, H4 ). Many times, it will be a pinned bar or a doji --> Fox has regularized his books. Then he can move on to next phase

How that doji was formed and where said "short" ==> on a lower TF, it formed the "a" and "b" of a stop hunt [ which is all a pin is, a stop hunt ]

Cheers

Captain Jack » Fri Nov 08, 2013 12:26 am wrote:Ever wonder why news events ALWAYS begin with a stop hunt? Do you know how many break out systems there are in use today?

News events and the resulting PA are not random events. They are well known to the Fox, ahead of time. They know where the range traders as well as others have placed thier buy and sell stops and they will clear those stops, each way, before taking price back to the same level, continuing the trend or the other way on a reversal.

This is when they balance the books and take their profits and they don't like company when they do it.

The only "random" events that I know of are the ones similar to when a large trader wishes to place a trade for, lets say a 1000 shares of stock, but keys it in as a million shares.... as has happened in the past, causing ripples across markets. And then the FOX goes "WTF!!"

Be prepared when looking at the setups, and check to see if there is a news event that will tie into the completion of the patterns.

CJ

dudest · Post by **dudest** » Fri May 01, 2015 12:13 pm

[url=http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=120512#p120512]dudest » Fri May 01, 2015 3:05 pm[/url] wrote:
...

==> on a lower TF, it formed the "a" and "b" of a stop hunt [ which is all a pin is, a stop hunt ]

...

20150501_usdsek_d1_pin_at_support_longs.png

20150501_usdsek_h1_abc_longs_at_support.png

====

20150501_gbpcad_d1_pin_at_resistance_shorts.png

20150501_gbpcad_m30_abc_shorts_at_resistance.png

.

dudest · Post by **dudest** » Fri May 01, 2015 7:06 pm

USDTRY

20150501_usdtry_h4_abc_levels.png

.

dudest · Post by **dudest** » Fri May 01, 2015 7:17 pm

EURJPY take

20150501_eurjpy_d1_may_be_setting_up_for_abc.png

.

dudest · Post by **dudest** » Fri May 01, 2015 7:29 pm

Waiting for a possible trade to set up [ XAUUSD H1 ABC ]

20150501_xauusd_h1_waiting_abc_setup.png

Captain Jack » Tue Feb 04, 2014 8:44 am wrote: ...

As I do, he preaches PATIENCE! Wait for the trade....when it presents itself, hammer it and take what is given....

..

Captain Jack » Wed Feb 05, 2014 11:56 am wrote: ...

I preach patience and waiting for the trade to set up. Is it not easier to stack trades when you have a good setup than it is to search through 28 charts or more, looking for a 2nd trade setup as good as the one you are already in?? Think about that.

...

Piter80 · Post by **Piter80** » Fri May 01, 2015 9:00 pm

Today gold S closed.
Today trades probably next friday close them.

USDJPYmicroDaily.png

GBPNZDmicroDaily.png

GBPNZDmicroH1.png

Piter80 · Post by **Piter80** » Fri May 01, 2015 9:07 pm

Sometimes I loose patience=big DD or lost $.
Patience and MM it's most important thing.
In this week I lost big amount of $ on eurjpy shorts,couse I lost my patience.
pattern before stack,never stack before pattern.

eurjpy

EURJPYmicroDaily.png

dudest · Post by **dudest** » Sat May 02, 2015 6:17 am

Piter80 » Sat May 02, 2015 12:07 am wrote:Sometimes I loose patience=big DD or lost $.
Patience and MM it's most important thing.
In this week I lost big amount of $ on eurjpy shorts,couse I lost my patience.
pattern before stack,never stack before pattern.

eurjpy

Bummer for losses buddy.

I do that also, get reckless at times (some times more than I like). Doing my best to curb it, and practice PATIENCE as CJ preached

@EURJPY: if price retraces to the areas around 130.00, I'll be so over it!

Nice weekend