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The Captains Chest - Naked Trading & Other Stuff
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Author:  mtl [ Wed Nov 04, 2015 9:57 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

jedrula » Wed Nov 04, 2015 8:33 pm wrote:
Wisznu » 04 Nov 2015, 21:23 wrote:
I know it's lvl 2, think the same. Entered becouse of H1.
I think the same
Jedrula,,I see this pair
Author:  IanN [ Wed Nov 04, 2015 10:43 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

albchr » Wed Nov 04, 2015 9:33 pm wrote:Good evening folks. Been a pretty busy day so apologies for not posting this possibility on GN sooner. I set a couple sell limits on it. Only one picked up so far and at this time of day the spreads are far to wide to add manually. So it may be a loan position for a spell.

I hope some of you caught the AJ level I posted yesterday. A nice little short trade on that one. The TP you see on GN here is just temporary. I like to drag them on the screen for easy control. :)

Not exactly naked Captain as I do use fibs for entries and EMA's for potential targets. ;)


Chris,

Have you been looking at the Spreads on this pair. Earlier today it was up to 38 - wtf. At the moment it is down to only 16. These guys are crooks alright.

Regards

Ian N.
Author:  albchr [ Wed Nov 04, 2015 10:54 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

IanN » Wed Nov 04, 2015 5:43 pm wrote:
albchr » Wed Nov 04, 2015 9:33 pm wrote:Good evening folks. Been a pretty busy day so apologies for not posting this possibility on GN sooner. I set a couple sell limits on it. Only one picked up so far and at this time of day the spreads are far to wide to add manually. So it may be a loan position for a spell.

I hope some of you caught the AJ level I posted yesterday. A nice little short trade on that one. The TP you see on GN here is just temporary. I like to drag them on the screen for easy control. :)

Not exactly naked Captain as I do use fibs for entries and EMA's for potential targets. ;)


Chris,

Have you been looking at the Spreads on this pair. Earlier today it was up to 38 - wtf. At the moment it is down to only 16. These guys are crooks alright.

Regards

Ian N.
Hi Ian,

The spreads always widen at the roll on all pairs. GN is one of the craziest for sure. You'll also see spreads widen on low volume, news etc ... It's pretty typical among most brokers. The average during normal trading is about 8 or 9 on GN with my current broker. With the average ATR on GN, that normal spread isn't too bad. You just have to be aware of the wider ones and when they happen and adjust hard stops if you use them accordingly.

I've actually had times I was away from the screen at the roll and came back to find myself stopped out because I hadn't moved or removed the stops ... LOL :oops:
Author:  IanN [ Wed Nov 04, 2015 11:17 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

albchr » Wed Nov 04, 2015 10:54 pm wrote:
Hi Ian,

The spreads always widen at the roll on all pairs. GN is one of the craziest for sure. You'll also see spreads widen on low volume, news etc ... It's pretty typical among most brokers. The average during normal trading is about 8 or 9 on GN with my current broker. With the average ATR on GN, that normal spread isn't too bad. You just have to be aware of the wider ones and when they happen and adjust hard stops if you use them accordingly.

I've actually had times I was away from the screen at the roll and came back to find myself stopped out because I hadn't moved or removed the stops ... LOL :oops:
Chris,

Thanks for the response. I haven't watched the spreads at this time before - I was looking at them to see what they did if (when - hopefully) I have identified a turning point. Overnight I would always set hard stops so your answer is another part of my trading education. Cheers.

Regards

Ian N.
Author:  albchr [ Wed Nov 04, 2015 11:27 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

IanN » Wed Nov 04, 2015 6:17 pm wrote:
albchr » Wed Nov 04, 2015 10:54 pm wrote:
Hi Ian,

The spreads always widen at the roll on all pairs. GN is one of the craziest for sure. You'll also see spreads widen on low volume, news etc ... It's pretty typical among most brokers. The average during normal trading is about 8 or 9 on GN with my current broker. With the average ATR on GN, that normal spread isn't too bad. You just have to be aware of the wider ones and when they happen and adjust hard stops if you use them accordingly.

I've actually had times I was away from the screen at the roll and came back to find myself stopped out because I hadn't moved or removed the stops ... LOL :oops:
Chris,

Thanks for the response. I haven't watched the spreads at this time before - I was looking at them to see what they did if (when - hopefully) I have identified a turning point. Overnight I would always set hard stops so your answer is another part of my trading education. Cheers.

Regards

Ian N.
You're welcome Ian. I've seen GN as high as 100 pips with my broker on news events like NFP and such. They "normally" settle down about an hour or so after the roll but can still remain higher than normal. Like now for instance. At the roll I saw up to 46. Now it's about 12 on average. Later if there's a little more volume in the Asian session it should be about normal.
Author:  Captain Jack [ Thu Nov 05, 2015 5:55 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

albchr » Wed Nov 04, 2015 7:27 pm wrote:
You're welcome Ian. I've seen GN as high as 100 pips with my broker on news events like NFP and such. They "normally" settle down about an hour or so after the roll but can still remain higher than normal. Like now for instance. At the roll I saw up to 46. Now it's about 12 on average. Later if there's a little more volume in the Asian session it should be about normal.
Those were some very nice trades and setups for your 1st postings Chris. No need to undress them fully as your charts indicate ways for people to see the levels in a new light... BUT you've set a high bar for yourself! Keep on keepin' on Chris! Nice trades...

You can get some great returns on that pair when it moves though... kinda like a reward for the high spread.

John
Author:  Captain Jack [ Thu Nov 05, 2015 5:56 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

AUDNZD for your consideration....

-CJ-
Author:  forexdave1 [ Thu Nov 05, 2015 6:28 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Chris, do you mind giving some info on how your fib indicator(the horiz lines) works? I was using davits, but my 100% level is just a bit lower than your -161.8.

Thanks so much!

albchr » Wed Nov 04, 2015 1:33 pm wrote:Good evening folks. Been a pretty busy day so apologies for not posting this possibility on GN sooner. I set a couple sell limits on it. Only one picked up so far and at this time of day the spreads are far to wide to add manually. So it may be a loan position for a spell.

I hope some of you caught the AJ level I posted yesterday. A nice little short trade on that one. The TP you see on GN here is just temporary. I like to drag them on the screen for easy control. :)

Not exactly naked Captain as I do use fibs for entries and EMA's for potential targets. ;)


Author:  Captain Jack [ Thu Nov 05, 2015 6:28 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

IanN » Wed Nov 04, 2015 3:55 pm wrote:GBPNZD - I don't think I could have got higher into that pin. R:R is very low :smile:



Regards

Ian N.
Nice entry, I love those because the risk is so low and the reward is massive!

-CJ-
Author:  Captain Jack [ Thu Nov 05, 2015 6:34 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

high5 » Wed Nov 04, 2015 4:15 pm wrote:gold BARF 15 M and GBPUSD
There are some very specific rules for bump and run and reverse bump and run formations... you really need to read up on them. You should also not draw the trend lines from the pin tops, draw them from the candle bodies. Right Subashr? ;)

If the chart does not meet these rules, then it not a valid pattern. I'm not going to explain where you are wrong, but maybe after you check the link, you can critique yourself.

BARR Rules and Info

-CJ-
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