The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

Taking a position on USDJPY off the low pin.... it may test it later....

CJ

[Captain Jack]

Keep an eye on NZDUSD....could be forming a nice "M" at the high as well a RRT formation on D1...

NZDCHF following the same pattern....

CJ

[Captain Jack]

Nice "M" up high, drop into consolidation...watch for a straight away move down or a stop hunt then drop....might get a 3 push drop then pull back of 50% into consolidation at NY close Friday....

CJ

[Captain Jack]

GBPAUD looks like it has completed 3 levels of drop on the D1...H4 setting up nice for a run higher...

CJ

[Lara]

Hi CJ,

Managed to read the GBP USD moves correctly on Wednesday and made some good trades following Foxy up and down. I was looking for the stop hunts right after the Asian session and they played out as you have often shown on this thread. What I am still battling with, however, is the "straight away" moves after the Asian session. If you look at GBP USD yesterday, there seemed to be no stop-hunt for shorts and there was a 98 pip climb which lasted into the middle of London.

Of course I could have waited and traded the shorts from the middle of London, but my question - are there any clues that Foxy gives for the "straight away" moves?

Thanks again for all your insight.

Lara

[lhDT]

I love that NU short H1.

euraud h1 W long
audcad h1 M short
audusd h1/h4 M short
audchf h1/h4 M short
usdjpy h1/m15 W long (but concerned about jPY)
cadjpy h1/m15 W long (but concerned about jPY)

For JPY, I think we will see some more YEN strength in the coming days/weeks so not sure about going long xxx/JPY pairs.

[Captain Jack]

Hi CJ,

Managed to read the GBP USD moves correctly on Wednesday and made some good trades following Foxy up and down. I was looking for the stop hunts right after the Asian session and they played out as you have often shown on this thread. What I am still battling with, however, is the "straight away" moves after the Asian session. If you look at GBP USD yesterday, there seemed to be no stop-hunt for shorts and there was a 98 pip climb which lasted into the middle of London.

Of course I could have waited and traded the shorts from the middle of London, but my question - are there any clues that Foxy gives for the "straight away" moves?

Thanks again for all your insight.

Lara

Be sure to look at the higher time frames for the level counts....it was in consolidation after a level 1 rise, off the peak low. This is where straight away trades will occur most often...

Price rose from the low, fell into consolidation and did have a stop hunt....on the 1H it's clearly visible...

On the 15M, they gave subtle clues when during they brought price off the low of the range and held it high...it did not go back to the low once it shifted high. Price left the box high, and volume picked up at the same time....

Don't get locked into one time frame.

CJ

[Lara]

Price rose from the low, fell into consolidation and did have a stop hunt....on the 1H it's clearly visible...

On the 15M, they gave subtle clues when during they brought price off the low of the range and held it high...it did not go back to the low once it shifted high. Price left the box high, and volume picked up at the same time....

Don't get locked into one time frame.

CJ

Thanks CJ.

One of those "face palm" moments for me

L

[Captain Jack]

Taking a position on USDJPY off the low pin.... it may test it later....

CJ

USDJPY testing yesterdays low.....

CJ

[swisscheese]

Cable
In previous Sell-Zone... but for me pushing higher.
Edi