The Captains Chest - Naked Trading & Other Stuff

Zaleske · Post by **Zaleske** » Fri Oct 16, 2015 7:53 pm

drunka » Fri Oct 16, 2015 5:59 pm wrote:Is there a certain time you guys close your trades at the latest fridays?

Cheers

If your higher timeframe analysis is good one could keep positions over the weekend... In most cases. Gotta keep in mind though that shit happens, and a massive news event during the weekend could (not to say WOULD) be used as cover for an aggressive gap.

fetch · Post by **fetch** » Sat Oct 17, 2015 3:07 am

Also the spread can widen a lot when the market reopens.

GoldenFinger · Post by **GoldenFinger** » Sat Oct 17, 2015 7:04 am

Hi Guys! this is my analysis for these pairs
Eur/usd short
Aud/usd short
Usd/ cad long
Usd/ jpy long
Nzd/usd short

The spread on nu pair is 56pips at end of friday from my ecn broker fxpro, does anyone know when they widen the spread, do they widen the buy price from the sell price to trap buyer, or widen the sell price from the buy price to trap seller, or widen it both way to trap both buyer and seller? How can i observe which way they widen? Am glad if anyone can share some knowledge on this

Post by **ZumZum** » Sat Oct 17, 2015 10:52 am

GoldenFinger » Sat Oct 17, 2015 9:04 am wrote:Hi Guys! this is my analysis for these pairs
Eur/usd short
Aud/usd short
Usd/ cad long
Usd/ jpy long
Nzd/usd short

The spread on nu pair is 56pips at end of friday from my ecn broker fxpro, does anyone know when they widen the spread, do they widen the buy price from the sell price to trap buyer, or widen the sell price from the buy price to trap seller, or widen it both way to trap both buyer and seller? How can i observe which way they widen? Am glad if anyone can share some knowledge on this

FxPro is not ECN broker

Post by **drunka** » Sat Oct 17, 2015 12:55 pm

ZumZum » Today, 11:52 wrote:
FxPro is not ECN broker

They offer cTrader ECN accounts.

Post by **forexgeeker** » Sat Oct 17, 2015 7:07 pm

GoldenFinger » Sat Oct 17, 2015 3:04 am wrote:Hi Guys! this is my analysis for these pairs
Eur/usd short
Aud/usd short
Usd/ cad long
Usd/ jpy long
Nzd/usd short

The spread on nu pair is 56pips at end of friday from my ecn broker fxpro, does anyone know when they widen the spread, do they widen the buy price from the sell price to trap buyer, or widen the sell price from the buy price to trap seller, or widen it both way to trap both buyer and seller? How can i observe which way they widen? Am glad if anyone can share some knowledge on this

From my understanding,it doesn't matter which way it is widen...Like CJ said when spread is widen,it is to stick stop order going the other way..So i.e if there's a 3 pushes up,a sudden increase of spread,and a rapid move forming a pin,we can expect there's a buy stop order triggered there so price will reverse quickly to trap them and give no exit..

You have to know the average spread for each pair at your broker platform...If there's a sudden increase,eyes wide open

Post by **xrismak** » Sat Oct 17, 2015 8:54 pm

ZumZum » Fri Oct 16, 2015 4:40 pm wrote:EURGBP

Zumzum,

When you have a Bit of Time Re-Analyze your Open EG Trades especially if you are Buying/Long at the Moment.

EUR-GBP M15 Chart

Chart Analysis for Zumzum. (A).jpg

EUR-GBP H4 Chart

Chart Analysis for Zumzum. (B).jpg

Happy Trading ,

xrismak

monty · Post by **monty** » Sun Oct 18, 2015 12:36 pm

GoldenFinger » Sat Oct 17, 2015 8:04 am wrote:Hi Guys! this is my analysis for these pairs
Eur/usd short
Aud/usd short
Usd/ cad long
Usd/ jpy long
Nzd/usd short

The spread on nu pair is 56pips at end of friday from my ecn broker fxpro, does anyone know when they widen the spread, do they widen the buy price from the sell price to trap buyer, or widen the sell price from the buy price to trap seller, or widen it both way to trap both buyer and seller? How can i observe which way they widen? Am glad if anyone can share some knowledge on this

The spread increase towards the end of trading sessions on friday, and sometimes at the end of NY session and
start of Asian trading session.

I would be very careful to have a live acc with FXpro. I often had my trades in profit closed and lots of SH.

When I wanted to draw my money from FXpro, They would change it from debit card( which they happily accepted), to only bank acc,which their bank charges( in cyprus ) almost 2.5 times more than the banks in UK .

Check the forex peace army website for their Review.

Post by **fahedksa** » Sun Oct 18, 2015 11:55 pm

Hi friends,
Can you please comment on attached chart (EURUSD 8 Jun 2015) Is marked levels and comments on chart correct?

forexnerd11 · Post by **forexnerd11** » Mon Oct 19, 2015 1:08 am

For my understanding yes we don't count as L3 so there is market reset after level 2. I'm also very new to this still learning may be experienced guys can explain this better.