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The Captains Chest - Naked Trading & Other Stuff
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Author:  Piter80 [ Sat Oct 24, 2015 10:03 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Ok.Thank You.
Author:  Captain Jack [ Sat Oct 24, 2015 10:12 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
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-
Author:  WhoKnows [ Sat Oct 24, 2015 10:41 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hi ZumZum,

Your trade (previous page fourth post) worked out very good :clap: , 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.
Author:  Wisznu [ Sat Oct 24, 2015 12:36 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
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!
Author:  Piter80 [ Sat Oct 24, 2015 12:55 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Thank You CJ.

How accurate these maps should be?
EURUSDDailyMap.png
EURUSDMonthlymap.png
All the best
Author:  Piter80 [ Sat Oct 24, 2015 1:06 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Is that the right map?
USDJPYDailymap.png
USDJPYMonthlymap.png
All the best
Author:  forexgeeker [ Sat Oct 24, 2015 1:45 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
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.!!! :clap: :clap: :clap:
forexgeeker, please try and put your findings on chart so we will understand what you are saying ok. thanks for the info :D

Hi Sympathy,

I will,as soon as I get the data ready... :smile:
Author:  Captain Jack [ Sat Oct 24, 2015 3:08 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
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-
Author:  Captain Jack [ Sat Oct 24, 2015 3:10 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Piter80 » Sat Oct 24, 2015 9:06 am wrote:Is that the right map?



All the best
Time will tell....on both posts ;)

-CJ-
Author:  seanyd [ Sat Oct 24, 2015 3:19 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hey guys , CJ great to see you back :clap: :clap: :clap:

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
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