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The Captains Chest - Naked Trading & Other Stuff
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Author:  Captain Jack [ Thu Mar 21, 2013 2:02 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Lifesys wrote:This thread is not about indicator use but some (we can call them charts guides) are useful ;-)
ie ADR is helpful so some time ago modified MagnifiedMarketPrice to include - CandleEndTime, DayRange, MonthRange, ADR, AWR, Swap, NetCurrentPositions in pips, %P/L & lots.
Also if ShowTargets = true; then preset %ADR SL & TP target can be displayed as well as NetAv. pip distance of any active SL or TP. [Corner can be changed as usual.]
I find this useful to decide possible target range etc.
A.png
B.png
Looks like a good "helper" than can eliminate the need for separate calculators and the need to take your eyes off the charts to look for info elsewhere...thanks!

CJ
Author:  Captain Jack [ Thu Mar 21, 2013 2:07 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Kruspe wrote:Just a quick look on EUR/USD ;)
Those are some nice charts Kruspe. :D

Looks like an "M" up at that level...and I think we are at level 2 in the 3 day cycle....so further down move could be in order....

CJ
Author:  Captain Jack [ Thu Mar 21, 2013 2:09 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
BritShrtHair wrote:
Kruspe wrote:Just a quick look on EUR/USD ;)
also, EURUSD, H4 shows start of second leg M.
Yep, showing 2 levels down from the last peak high....

CJ
Author:  Captain Jack [ Thu Mar 21, 2013 2:11 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Kruspe wrote:btw JPY pair on watchlist, I can´t belive, this patterns looks almost the same as yesterday, any instrument, any TFs, etc.. just incredible.. I had to be blind before Captains thread :)
Maybe not blind but distracted....the only thing they didn't throw at us were the dancing girls! :lol:

CJ
Author:  Captain Jack [ Thu Mar 21, 2013 2:23 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
hawassy wrote:EUR/SGD daily
What do you think? Maybe it's just a dream not the truth...
Looks like a good possibility there....

CJ
Author:  Captain Jack [ Thu Mar 21, 2013 2:40 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Any questions on price manipulation during "news" events? Who caught these? Anybody? You all know I did as I posted several pages of trades on GBP pairs...I can post several more pages showing that many more trades, but you get the point.

The fox trades 10's of thousands of contracts at every pip in moves like this...when he's done and books his profits...he leaves price right where he started.... I stacked my orders right along with his, all day today. It was a good day! :mrgreen:

AUD had a nice spike...anybody short it? I did! 8-)

When you understand what the fox is doing during these spikes, they quit being "scary" things and turn into opportunities for large profits....wait for the pins and travel with the fox...

CJ
Author:  sdouglas3 [ Thu Mar 21, 2013 3:05 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
CJ,

Thank you for this thread. I saw the big moves and pins left today. I was watching the charts but not the spreads. Doesn't the spreads widen so much to keep the retail crowd from trading? Or, am I missing the whole point and we should not be thinking about the spreads?

Thanks,

Ghost Rider
Author:  Captain Jack [ Thu Mar 21, 2013 4:34 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
sdouglas3 wrote:CJ,

Thank you for this thread. I saw the big moves and pins left today. I was watching the charts but not the spreads. Doesn't the spreads widen so much to keep the retail crowd from trading? Or, am I missing the whole point and we should not be thinking about the spreads?

Thanks,

Ghost Rider
You can trade these violent moves, but there is no market for your order at the extreme range of the pins. This is where they spread the bid-ask levels and your orders won't get filled, but stops will be triggered to the advantage of the dealers.

CJ
Author:  Captain Jack [ Thu Mar 21, 2013 4:54 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
nanningbob wrote:
Captain Jack wrote:
sdouglas3 wrote:CJ,

Thank you for this thread. I saw the big moves and pins left today. I was watching the charts but not the spreads. Doesn't the spreads widen so much to keep the retail crowd from trading? Or, am I missing the whole point and we should not be thinking about the spreads?

Thanks,

Ghost Rider
You can trade these violent moves, but there is no market for your order at the extreme range of the pins. This is where they spread the bid-ask levels and your orders won't get filled, but stops will be triggered to the advantage of the dealers.

CJ
I had fun with these yesterday. I developed a trap door EA which enters beyond the BB bands but doesnt enter until price cuts back in。 I call it my trap door EA. Price spikes beyond the bands and if it runs I am not in but when it comes back in bingo. I love it I like to punish brokers who like to spike my account by putting trades on those extremes. :)
I'm glad you are able to take advantage of them Bob. They sure take advantage of the rest of us all too often. I don't use EA's or auto-traders. I always placed my orders manually, but lately, I've been playing around with some scale in scripts, close scripts and pending order scripts to make my life easier. I would post them, but they are not in the public domain. I'll fire the scale in script at the extremes, they are set for a flat 50 pip TP. I'll monitor the trades and scale in multiple times, until another reversal. I then close the orders not yet in at full TP, close the pending orders and fire off a new set going the other way. I'll continue to do this until price returns to center...

CJ
Author:  nanningbob [ Thu Mar 21, 2013 5:31 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff
Captain Jack wrote:
nanningbob wrote:
Captain Jack wrote:
sdouglas3 wrote:CJ,

Thank you for this thread. I saw the big moves and pins left today. I was watching the charts but not the spreads. Doesn't the spreads widen so much to keep the retail crowd from trading? Or, am I missing the whole point and we should not be thinking about the spreads?

Thanks,

Ghost Rider
You can trade these violent moves, but there is no market for your order at the extreme range of the pins. This is where they spread the bid-ask levels and your orders won't get filled, but stops will be triggered to the advantage of the dealers.

CJ

I had fun with these yesterday. I developed a trap door EA which enters beyond the BB bands but doesnt enter until price cuts back in。 I call it my trap door EA. Price spikes beyond the bands and if it runs I am not in but when it comes back in bingo. I love it I like to punish brokers who like to spike my account by putting trades on those extremes. :)
I'm glad you are able to take advantage of them Bob. They sure take advantage of the rest of us all too often. I don't use EA's or auto-traders. I always placed my orders manually, but lately, I've been playing around with some scale in scripts, close scripts and pending order scripts to make my life easier. I would post them, but they are not in the public domain. I'll fire the scale in script at the extremes, they are set for a flat 50 pip TP. I'll monitor the trades and scale in multiple times, until another reversal. I then close the orders not yet in at full TP, close the pending orders and fire off a new set going the other way. I'll continue to do this until price returns to center...

CJ
I only use entrance EAs and sometimes Steve's MPTM which monitors winning trades. WHen I see a situation I like I place the appropriate EA out there and let it handle the entrance. They actually are the same thing as a pending. You use the computer to set your entrance or the broker's computer to enter your trade. I see no difference between the two. I have seen guys at FF laugh at people who use EAs but then they use pending orders all the time. Same thing, using computer code to enter a trade.

10.4 uses pending scripts and they set entrance, SL and TP. I have mine set at SL 200 and TP 200. Then when all the pendings are set on the screen I readjust my SL and TP. All done by computer. That is all it is a computer code that enters a trade. If you take a market order, you are using a computer to enter your trade by hitting a sell or buy. We forget this is a computer age and computers do much of our work now.
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