The Captains Chest - Naked Trading & Other Stuff

Piter80 · Post by **Piter80** » Sat Oct 24, 2015 10:03 am

Ok.Thank You.

Captain Jack · Post by **Captain Jack** » Sat Oct 24, 2015 10:12 am

Piter80 » Sat Oct 24, 2015 6:03 am wrote:Ok.Thank You.

If you want to follow a map, follow my EURUSD map...it's good for some time to come as it's on the MN chart.... hope you favor shorts....

-CJ-

Post by **WhoKnows** » Sat Oct 24, 2015 10:41 am

ZumZum » Fri Oct 23, 2015 11:43 pm wrote:Round two:

Hi ZumZum,

Your trade (previous page fourth post) worked out very good

, but what were your rules to enter?
I assume you assessed price to be at L1, but how did you come to the conclusion it was indeed at L1 and price would likely continue down, instead of again bouncing up like the days before.

I saw that Support might have become Resistance, but as the GBPUSD had been in a tight range over the last 6 days I myself could not make sense of any 'level counting'. So I passed on the trade.

PS I marked my H4 levels on a compressed H1 chart.

Wisznu · Post by **Wisznu** » Sat Oct 24, 2015 12:36 pm

Hi!

I started to read thread all over again last night, and tried to think more about who is trapped right now and then mix it with the levels. I'm a little bit confused about AUD/USD right now. Fox dropped the price beneath last peak low and took stops(trapped sellers). Then we've got a quick spike with intent to force sellers to close their positions. They didn't want to take it higher, until there are still longs opened, so they dropped it again to hit BE's, trailing stops and start traping again at second shoulder. Now there are no longs, so they can push it higher(above pink area), to hit buy stops, kill shorts and take it lower to make level 3.

Am I on the track? Or there are already enough longs trapped, to drop it lower? Would be great, and I think even easier to understand if charts would be posted with that kind of description instead just a numbers.

Have a great weekend!

Piter80 · Post by **Piter80** » Sat Oct 24, 2015 12:55 pm

Thank You CJ.

How accurate these maps should be?

EURUSDDailyMap.png

EURUSDMonthlymap.png

All the best

Piter80 · Post by **Piter80** » Sat Oct 24, 2015 1:06 pm

Is that the right map?

USDJPYDailymap.png

USDJPYMonthlymap.png

All the best

Post by **forexgeeker** » Sat Oct 24, 2015 1:45 pm

sympathy » Fri Oct 23, 2015 3:30 pm wrote:
forexgeeker » Fri Oct 23, 2015 1:10 pm wrote:Hi Guys,

I'm doing some homework on spread monitoring this few days to see how it behaves when reversal is about to happen...What I find difficult is everytime I'm viewing another pair,I always need to change the Tick chart manually to the current pair I'm viewing..It's a bit troublesome when monitoring so many pairs...

So this afternoon,I tried PM's Tommaso and ask him whether he have any 'tools' in his collection that can make this easier..Guess what.?Few hours later he come up with this tick chart indicator (as usual he's fast) and it works absolutely brilliant..

I have it now running on multiple pair on one of my Empty4 platform and it works smoothly..What makes it even more great is we can also scroll back to see the spread history...I believe this will help us tremendously to spot the reversal sign...Here it is guys,Enjoy!!

All credit goes to Tommaso for his Brilliant work.!!!
forexgeeker, please try and put your findings on chart so we will understand what you are saying ok. thanks for the info

Hi Sympathy,

I will,as soon as I get the data ready...

Captain Jack · Post by **Captain Jack** » Sat Oct 24, 2015 3:08 pm

Wisznu » Sat Oct 24, 2015 8:36 am wrote:Hi!

I started to read thread all over again last night, and tried to think more about who is trapped right now and then mix it with the levels. I'm a little bit confused about AUD/USD right now. Fox dropped the price beneath last peak low and took stops(trapped sellers). Then we've got a quick spike with intent to force sellers to close their positions. They didn't want to take it higher, until there are still longs opened, so they dropped it again to hit BE's, trailing stops and start traping again at second shoulder. Now there are no longs, so they can push it higher(above pink area), to hit buy stops, kill shorts and take it lower to make level 3.

Am I on the track? Or there are already enough longs trapped, to drop it lower? Would be great, and I think even easier to understand if charts would be posted with that kind of description instead just a numbers.

Have a great weekend!

Quite reasonable...any time you see pins stepped up like that it's to keep traders from closing their trapped orders out flat or at profit...

-CJ-

Captain Jack · Post by **Captain Jack** » Sat Oct 24, 2015 3:10 pm

Piter80 » Sat Oct 24, 2015 9:06 am wrote:Is that the right map?

All the best

Time will tell....on both posts

-CJ-

Post by **seanyd** » Sat Oct 24, 2015 3:19 pm

Hey guys , CJ great to see you back

I am also trying to map , with various success and failure .

Here is what I have come up with ....

EU

Screenshot (233).png

Screenshot (234).png

Screenshot (231).png

GJ Pattern is continuous??

Screenshot (232).png

Screenshot (235).png