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The Captains Chest - Naked Trading & Other Stuff
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Author:  Captain Jack [ Sat Mar 16, 2013 3:37 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
:BTW Edi, the last 3 candles in your avatar is a stop hunt! I can't help but notice! :lol:

CJ
Author:  Reaper [ Sat Mar 16, 2013 5:35 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
GBPJPY is going to fall nicely next week from middle of monday, or from tuesday i think.

I think EURJPY may be the first to fall then GBPJPY. What you reckon CJ?
Author:  Reaper [ Sat Mar 16, 2013 5:49 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
mjws00 wrote:
Angat wrote:GBPJPY is going to fall nicely next week from middle of monday, or from tuesday i think.
Pics or it didn't happen ;)
Not sure if its exactly right as im still learning but this is what I think may happen. Anyone see a giant M ?
Author:  Reaper [ Sat Mar 16, 2013 5:55 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
EURJPY will do the same but I think we're already on the 2nd level down for it. We'll see monday.

This chart analysis take alot longer than you might think. I like to go back further that I need to, to make sure I got it right.

Time for tea.
Author:  mjws00 [ Sat Mar 16, 2013 6:06 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Nice summary, Lio and CJ. Really needs a little voodoo and magic or at least some hunting metaphors to spice it up. ;)

I keep thinking this is just too easy. Then good old foxy gives me a wake up call and reminds me that she can play the game and mix things up as well.

The moves aren't all textbook guys, this is a clever opponent, she will swap out a leg or two, may go hunting a further time above for fresh meat. She can throw the 3rd spike up at that M and blow it out. She also throws in the straightaway when it suits her. Run charts. Mark Charts. See how she frustrates you and find a way to cope. This is much easier on past data than it is in real time. It does require work to get.

Hope ya'll are having a great weekend.

Mike
Author:  lhDT [ Sat Mar 16, 2013 6:35 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Quickly run trough a couple of charts. Here is what I find. Comments welcome.
Author:  Reaper [ Sat Mar 16, 2013 6:51 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
IhDT, can you upload that indicator which shows the spread and the ADR please. Or at least tell me the name please and I will find it. I have one that shows the spread only, but the ADR would be useful too, thank you. Does this same indi do the HOD and LOD lines?
Author:  Reaper [ Sat Mar 16, 2013 7:15 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
IhDT, Im not entirely sure that USDJPY will go back that high. I think it will range, push up a little bit and fall in the NY session and then rise again towards the close of the NY session. CJ would you confirm pls?
Author:  lhDT [ Sat Mar 16, 2013 7:44 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Angat wrote:IhDT, Im not entirely sure that USDJPY will go back that high. I think it will range, push up a little bit and fall in the NY session and then rise again towards the close of the NY session. CJ would you confirm pls?
Well, the high is just approx 130 pips away. not so far for Yen pair.
Author:  Captain Jack [ Sat Mar 16, 2013 7:45 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
lhDT wrote:Quickly run trough a couple of charts. Here is what I find. Comments welcome.
You need to consider where in the levels price is located on each time frame....I would not count on all those going higher....what if the "W" that is presented is only the pause between the next level? Could it not rise to consolidation, then continue the current direction?

Take a look at the daily chart....how many levels of drop from the high? Is it currently in a previous consolidation zone, or is there nothing but air to the left?

"W"'s on a drop could indicate an area to close shorts and then reload on the pull back and consolidation phase. Short orders can then be place if the drop continues.

Moves on the 15M can go either way, within a larger trend. Knowing where you are on each time frame is very important.

CJ
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