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| The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572 |
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| Author: | botrak [ Wed Aug 05, 2015 11:08 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
"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? |
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| Author: | sympathy [ Wed Aug 05, 2015 11:24 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
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. |
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| Author: | botrak [ Wed Aug 05, 2015 11:39 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
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? |
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| Author: | sympathy [ Wed Aug 05, 2015 11:54 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
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 |
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| Author: | sympathy [ Wed Aug 05, 2015 11:56 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
here is the trade. am ok with the few pips. that is how it works. |
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| Author: | botrak [ Wed Aug 05, 2015 12:17 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Here you enter in 2nd leg pins without waiting for SH. How you anticipate if there will be any tricks from fox? |
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| Author: | sympathy [ Wed Aug 05, 2015 12:42 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
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. |
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| Author: | sympathy [ Wed Aug 05, 2015 12:46 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
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. |
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| Author: | botrak [ Wed Aug 05, 2015 12:55 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Got it too. But I still have too many BE or -20 pips trades during lvl3 because of "tricks". |
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| Author: | sympathy [ Wed Aug 05, 2015 12:59 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
always wait for daily candle to close before taking a trade. ie, after asian. i took this trade after daily candle close after level3 |
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