The Captains Chest - Naked Trading & Other Stuff

Post by **botrak** » Wed Aug 05, 2015 11:08 am

"Expecting" reversal is not very usefull thing for me. You and CJ make almost picture perfect trades in pins that is what i try to understand. In my example pins are lower and lower so if I put SL below them or move it to BE after 10 pips in profit I would be stopped out.

There is no spread widening at reversal points as CJ said, i have spikes only during news and some widening at the end of NY and begining of Asian i tested it across many pairs.

spread.jpg

How you determine that there will be no retracements/stophunts and time to make entry?

Post by **sympathy** » Wed Aug 05, 2015 11:24 am

botrak » Wed Aug 05, 2015 12:08 pm wrote:"Expecting" reversal is not very usefull thing for me. You and CJ make almost picture perfect trades in pins that is what i try to understand. In my example pins are lower and lower so if I put SL below them or move it to BE after 10 pips in profit I would be stopped out.

There is no spread widening at reversal points as CJ said, i have spikes only during news and some widening at the end of NY and begining of Asian i tested it across many pairs.

How you determine that there will be no retracements/stophunts and time to make entry?

here is my entry bro. i normally wait at daily candle close to see if it pins or not but the strategy said that if you see the fox path ie, a W pattern after stuphunt you take your trade and that was what hapened. if it goes against me i will close it ok.

Post by **botrak** » Wed Aug 05, 2015 11:39 am

One more stupid question why you enter trade here? Maybe I should read some books or article about PA or candlestick patterns or S/R or volume? I see 3 "micro" pushes but do they really matter?

eu_002.png

Post by **sympathy** » Wed Aug 05, 2015 11:54 am

botrak » Wed Aug 05, 2015 12:39 pm wrote:One more stupid question why you enter trade here? Maybe I should read some books or article about PA or candlestick patterns or S/R or volume?

i saw stuphunt thats all. i knew it will revers at this level so i was waiting to see that stuphunt and w pattern. i also checked 4hr tf for a possible pin that shows sellers trapped. always think that way ok. its all hapen at level 1 and 3.

when the W pattern is formed, it moves straight away. so my that was why i enter in dat spot

Post by **sympathy** » Wed Aug 05, 2015 11:56 am

here is the trade. am ok with the few pips. that is how it works.

Post by **botrak** » Wed Aug 05, 2015 12:17 pm

sympathy » Fri Jul 31, 2015 10:29 am wrote:GU 15MN

Here you enter in 2nd leg pins without waiting for SH. How you anticipate if there will be any tricks from fox?

Post by **sympathy** » Wed Aug 05, 2015 12:42 pm

botrak » Wed Aug 05, 2015 1:17 pm wrote:
sympathy » Fri Jul 31, 2015 10:29 am wrote:GU 15MN
Here you enter in 2nd leg pins without waiting for SH. How you anticipate if there will be any tricks from fox?

remember sometimes i know where they are pushing price. everything am using is what i read from CJ. they are all in this thread just take ur time and read them all especially CJs comments. i like the way you ask questions it shows you want to learn.

Post by **sympathy** » Wed Aug 05, 2015 12:46 pm

look at this trade. i took it because of desame pattern we know. W pattern and ABC pattern at desame spot which shows sellers trapped. these are trades i have been planning since last night.

Post by **botrak** » Wed Aug 05, 2015 12:55 pm

sympathy » Wed Aug 05, 2015 12:46 pm wrote:look at this trade. i took it because of desame pattern we know. W pattern and ABC pattern at desame spot which shows sellers trapped. these are trades i have been planning since last night.

Got it too. But I still have too many BE or -20 pips trades during lvl3 because of "tricks".

nzd.jpg

Post by **sympathy** » Wed Aug 05, 2015 12:59 pm

botrak » Wed Aug 05, 2015 1:55 pm wrote:
sympathy » Wed Aug 05, 2015 12:46 pm wrote:look at this trade. i took it because of desame pattern we know. W pattern and ABC pattern at desame spot which shows sellers trapped. these are trades i have been planning since last night.
Got it too. But I still have too many BE or -20 pips trades during lvl3 because of "tricks".

always wait for daily candle to close before taking a trade. ie, after asian.
i took this trade after daily candle close after level3