The Captains Chest - Naked Trading & Other Stuff - V1 by Captain Jack

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The Captains Chest - Naked Trading & Other Stuff

file:///H:/stevehopwoodforex.com%20%E2%80%A2%20View%20topic%20-%20The%20Captains%20Chest%20-%20Naked%20Trading%20&%20Other%20Stuff1.html
4/10/2018 stevehopwoodforex.com • View topic - The Captains Chest - Naked Trading & Other Stuff
by Captain Jack » Mon Mar 04, 2013 10:34 pm
I'm going to start a thread here in hopes of providing some insight into trading without systems, indicators or EA's. Most
of you have heard many people talking about trading price. Most of you probably are still wondering what the hell they
are talking about when they say....Trade price....WTF? This is how I trade and just possibly, the light might turn on for
some people and they will begin to actually "see" price as it really is. I'm not going to get into candlestick patterns as they
are covered by many experts in the field. What I will be talking about is price action and price patterns - it's what you
see on your screen when it's "naked", void of anything that clouds your view. Perhaps, if you follow along, you will
understand better, why price moves the way it does. Price is "alive" in a manner of speaking. I treat it as a hunter would
his prey. Learning it's habits, and it does have habits that repeat over and over, makes all the difference between bringing
home a trophy buck, putting meat on your table or going hungry another day.
When I look at all the systems, EA's, indicators and a the latest bells and whistles that people use to make their trades, I
can't help but compare those people to "trappers". They are setting a trap....maybe the fox will show up and get caught,
but more than likely, the sly little devil will backtrack on you and slink away. I'm not saying "trapping" is a bad method for
hunting, I'm just saying all the conditions have to be right for the prey to get caught. This is why ALL EA's and systems
work some of the time, but none them work all off the time. When the conditions are correct, the EA or system's trap
will spring and you got a yourself another pelt. Sometimes, the trap is sprung but fails to catch the prey and sometimes,
the trap never springs. Your success as a "trapper" depends on a mechanical trap, left to it's own means. Let's not forget
that the fox is a cunning creature and he will learn your trapping ways. He learns to survive by adapting to your
ways.Trappers who can't adapt to the changing ways of the fox, will not last long in the forex wilderness.
On the other hand, the hunter takes more of an active roll in "the hunt". He doesn't just set a box and come back and
check it 4 days later. He spends days in the prey's habitat, learning all he can of his adversary. He actively tracks his
prey, looking for sign along the way. Learning when and where it feeds, and what it eats and if the prey is large enough,
finding the remains of a "trapper" or two along the way. Soon enough though, the hunter tracks the fox right into his den,
where the fox lives and is most comfortable. Before it knows it, the fox is skinned and the hunter bags another trophy.
Price moves with direction "and" intent. Too many people try to trade direction only and have not a clue as to the intent
of price. Price moves for a set, determined reason. Make no mistake here, price does not move on it's own. Price is
driven or piloted by somebody or some thing. It is driven with intent. The direction of price is the easy part, it's intent is
something entirely different.
Most if not all of the orders placed by every member here and in all the bucket shops across the world, never see the
forex market. They are handled in house, by your brokers. The brokers have some influence over price and what
happens to your trades. ECN brokers have the widest spread swings on the planet, blaming liquidity when a 60pip spike
takes out your trade. . Staying with a fixed spread broker gives some protection from these guys but you pay a little
more for each trade. In my trading, I use no stops for 99% of my trades. I trade by the seat of my pants and actively
manage all of my trades If you are serious about trading these markets, sign up for trade rebates with one of the places
on the net that offer them. I receive a 4 digit deposit each month from my provider as I make a great deal of trades
across my accounts.
As the predator, I choose to take the fox in his den along with all his little babies. Learn some additional skill sets and
your trading will improve greatly over time. Enter this thread with an open mind and leave all your "window clutter" and
preconceived notions, ideas and beliefs of the forex market on the doorstep. You're not in Kansas anymore, Toto.
Enjoy the ride!
CJ
I would highly recommend that you pay a visit to Nanningbobs HGI forum. He teaches a manual trading method that
works, provides guidelines for stacking trades and his HGI indicator works extremely well without cluttering up your
screen and obscuring your view of price. His teachings will prevent or limit your entries into bad trades if you are trying
to learn the naked trading methods, as well as provide many trade opportunities along the way. .
nanningbob @ HGI
Craig Stoltz at FXAW was gracious enough to compile my BARF Your Way To Profits thread. You can find the 500+
page PDF here: BARF Your Way To Profits
I've added a couple daily data indicators for visual reference in the RAR file....and placed Mike's session indicator here
as well.
Added Pueo's GMT +0 template
Added StratMans mini chart indicator
Link to Barron's PDF summary of this thread:

https://www.dropbox.com/sh/dxgt5h2fh6mc ... n=10122712
Added link to Fahedska's PDF summary of the thread and charts

Fahedska's PDF Summary
StratmanMiniCharts.zip
Stratmans mini chart indicator for viewing multiple time frame charts on 1 chart - Thanks to
Lifesys(Paul)!
(448.01 KiB) Downloaded 2500 times
15z.zip
Pueo's template for GMT+0 brokers
Daily_Visuals.rar
Daily visual indicators
Auto_Sessions_v_1.7.IBFX.mq4
Mike's session indicator
A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
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Re: The Captains Chest - Naked Trading & Other Stuff
I've been reading Bob's 10.4 Complete System thread and EURGBP has presented a possible trade setup that fits the
system. Here is a chart showing EURGBP without any templates or "dirt" to cloud view of what lies under the glass of
your computer screens. PRICE!
Here you see what you don't see when looking at lines, indicators, dashboards and alert boxes. PRICE!
A very important event just occurred, actually comprised by a series of related events, on this pair. I have labeled all the
"events' for ease of discussion. Looking at the naked chart, what do you see and what do you think is happening or just
happened here. Let the discussions begin....the only dumb or stupid questions are the ones not asked.
CJ
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by mjws00 » Mon Mar 04, 2013 11:40 pm
Right on CJ. Admittedly my price action terminology is more than a little rusty. I Look forward to learning something.
I see: A false breakout at A. Probably with lots of profit taking to drive it down Retesting at B. Lower High at C.
Possible bear control coming. D Maybe an opening gap, short run back into consolidation ending at E with a breakout to
new highs and a pullback into the zone. G we have an exhaustion gap followed by a nice little pinbar at H into railroad
tracks ( in the same consolodation zone. ) Small half hearted bull rally into railroad tracks at J and back into K where we
are back where we started and looking to bounce, and continue the trend or fail and turn lower.
I know I've made a mess out of the terms. And missed a lot. Look forward to learning.
Mike
Reading the dark heart.
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by davek » Tue Mar 05, 2013 12:57 am
Hi Captain Jack:
Great intro to your thread, I like the hunting/trapping analogy, being a hunter and trapper myself, really looking forward
to what you have to teach us. My cup is empty, looking forward to stalking price action, call me a Pilgrim. Would price
action on the eurgbp be consolidating now and getting ready for a breakout?
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by aworex » Tue Mar 05, 2013 7:04 am
Hi Captain Jack,
I see price consolidating without making lower lows, which might imply price is in an acceptance phase and waiting for
new orders to resume the trend.
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by Captain Jack » Tue Mar 05, 2013 9:24 am
If you were going to war, would you buy your guns and ammo from your enemy? Easy answer - NO! Unfortunately, in
the forex wars, that's exactly what we have to do. The very terminals we use and the tools provided with them are given
to us by the brokers, whose money we are trying to take. They set on the other side of the glass and they "see"
everything we do. They know our habits and nature much better than we know theirs, or even our own. They know all
the "tricks" in the book. They know all the tools we use and they use those very tools against us.
How many times has a level or pivot point been broken, or a MA line crossed, with an order being placed, only to see
price reverse and head the other way? The fox knows where every level or line is better than we. Most of these
"markers" are used to set buy or sell stops, and TP or SL levels.
A lot of people have heard of "stop hunts" but do they know what they are? Some people think it's a broker sniping their
stops. It's not, although some brokers have been know to spike a spread to clear them in house. This type of activity has
slowed from what it used to be. Has anybody heard of Steve Mauro? Pretty famous guy in forex who teaches high
priced seminars of a subject called the Market Maker Method. Makes a lot of money doing so.
In the EURGBP chart, what you are seeing in the end of an extended move and the beginning of the next move. All of
the letters on the chart indicate what happens in between, and yes, there's a "stop hunt" there. The bulls and bears have
no control of what has happened here and will happen time and time again, across all time frames. Price has been driven
in many directions, to specific levels with intent. The rate of change in price is a factor in this process as well. It has been
driven by that "some one or some thing", likely the Fox, to each point for reason. Trader mentality is the reason this
process occurs over and over again. after all, traders are creatures of habit, set in their ways.
I'm going to take an early entry into the direction I "think" price will move. I fully expect every trade I enter to provide
me with a profit. It doesn't always happen, but that's my mentality. When I see "pins" like these, many times I will take
entry into a trade I'm considering. I've set a stop here, for visual purposes, just below the pins. Most of the time, I'll add
10-15 pips above or below the pin. If I'm right, I've just entered into a high R:R value trade. If I'm wrong, I've got a very
small loss. The "pins" are not the only reason for entry, but they are one of the "tracks" the fox leaves. Notice also that a
bear pennant "appears" to be forming. This pennant formation, gives me notice of a possible false move lower before a
break higher. The fox lives on deception. Let's see what happens with it.
I'll begin discussing the lettered areas in the next coupe posts.
CJ
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by spotdespot » Tue Mar 05, 2013 10:41 am
Hey CJ - great to see you here.
Ok - here's my shot - we have an good trend that shows exhaustion at A (with the "J" type formation - whatever you
want to call it).
Price drops and fails to break previous low showing buyers still in the market and forcing price back up. At C the
previous untested breakout lower from A is tested. This fails and we get a consolidation area for a few bars then price
drops when buyers get scared and offload (or take profit if they haven't already).
D tests the previous significant untested breakout UP that formed the last leg of the main trend, picked up the orders
sitting there, which pushed price back up.
Then I start to get a bit lost. We test previous untested breakout level (the level below C) and fail. 0.8600 gets tested
multiple times. I guess you could say the top at F and bottom at G form stop levels for people and H and I clear them
out paving the way for wherever price is being lined up for I am not sure of the significance of J - yes it's a double
top/tweezer/railroad tracks type pattern and price after that looks like it's consolidating and building up orders
(accumulating) but I might not have said that if you didn't have a big red up arrow after K - I might just be going
Also FWIW lots of turning at round numbers going on.
I look forward to your insights.
Cheers,
Dave.
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by pips400 » Tue Mar 05, 2013 10:52 am
Thanks Captain Jack, really looking forward to this thread. I'm a big believer in price action and understanding the
story that price charts tell. Looking at your myfxbook.com stats is proof you know what you're talking about Bring it
on!!
Trade the edge not the moment

Dragons Lair Trading - My Personal Trading Journal and Strategy
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by erikskenne » Tue Mar 05, 2013 2:02 pm
Thanks Commander
What I see first is the yellow line which is some kind of middle line from were prize stretch out from and snap back to,
dealing range maybe, then I see that lines as former support becomes resistance are very important to pay attention to.
Also wait to set yr order until after news release. Just my newbie 2cent
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by Jemook » Tue Mar 05, 2013 6:08 pm
Captain Jack wrote:If you were going to war, would you buy your guns and ammo from your enemy?
Easy answer - NO! Unfortunately, in the forex wars, that's exactly what we have to do. The very terminals
we use and the tools provided with them are given to us by the brokers, whose money we are trying to
take. They set on the other side of the glass and they "see" everything we do. They know our habits and
nature much better than we know theirs, or even our own. They know all the "tricks" in the book. They
know all the tools we use and they use those very tools against us.
Not to turn your thread into a broker discussion but from what I've seen brokers out there are slowly moving away from
market making because traders are becoming more profitable and making too much money from the brokers.
I believe Global Prime is one of the only brokers in the world that does not run a book (market making) and is
completely transparent in the Direct Market Access approach.
Global Prime Forex - The best broker in the world as voted by us! Click here to visit our website and join the 500+
Steve Hopwood members who choose GP as their broker of choice.
Forex Peace Army rated 4.7 out of 5 stars from over 170 reviews - click here to view.
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by Captain Jack » Tue Mar 05, 2013 6:19 pm
davek wrote:Hi Captain Jack:
Great intro to your thread, I like the hunting/trapping analogy, being a hunter and trapper myself, really
looking forward to what you have to teach us. My cup is empty, looking forward to stalking price action,
call me a Pilgrim. Would price action on the eurgbp be consolidating now and getting ready for a breakout?
Welcome aboard, Pilgrim. Glad to see there is some interest in the area. I'm no expert on the subject and I'm not going
to get all techie in terms here, just plain old simple language that we all can understand. If you want the opposite of what
I'm going to do, look into Al Brooks series of books on price action. Deep stuff there.... We all should use the words
and phrases here that we are comfortable with.
To answer your question, yes this is an area of consolidation. It's also a round number @ .8600 and it has been an area
of interest in the past. Since time is constant and price is always moving when the markets are open, price will visit and
re-visit areas over time. Some areas tend to draw price's attention more than others. If you notice, price reached .8600
at the end of the extended up move, at the end of January and here it is, 1st week in March and price is still @ .8600.
This area of "consolidation" could also be considered an area of "accumulation" or "distribution". It can be an area where
a large position is offloaded, or another large position is established, or both. This area is the scene of a bloodbath as
well.
A lot of "price action" has taken place yet price has remained at the same level. With price at the same level it was at the
end of January, there are a lot of pissed off traders in the world because of it. Led like lambs to the slaughter. There's
been a lot of trapping going on, but it's the bulls and the bears who've been caught in the traps, and the sly fox is smiling
at all of them. Never get "married" to your trades or the trend. Successful trading isn't about making the picture perfect,
Forex Factory trade, where you enter at the exact high or low and exit at the perfect point with max profit. Successful
trading is about conserving your capital, keeping losses small (trade to trade another day), by exiting a bad trade, using
capital and leverage to your advantage when you are in a good trade, and bottom line, making a profit. You don't have
to hit 100% of a move to make a profit. All you need to be in part of it, traveling in the same direction with price, with
the same intent. In other words....you need to start looking at price and thinking about it as if you were on the side of the
computer screen where the picture of it is painted. Think like the fox and not the hound, or your account ends up in an
empty hole, with the fox laughing at you as he slinks away with your chickens.
If the question ever comes to mind while in a profitable trade, "Should I exit here or wait?", exit and book your profit.
Trade ended...move to the next trade. When I say trade ended, that's what I mean.
DO NOT PISS ALL OVER YOURSELF IF YOU EXITED EARLY - YOU MADE A PROFIT - TRADE
ENDED
Understand there are two sides to the LCD, CRT or LED screens we all peer though. Do you ever wonder how the
picture that appears on your screens, the one we stare at for hours on end, trying to find a clue as to what to do at any
given time? Most people don't. They are too busy with everything that covers the surface of the screen, to see what lies
below or beyond it. It's like being inside your house, looking outside through a window, but not being able to see
anything other than the items that are on the surface of the glass. It could be condensation, snapshots, a thermometer,
pretty little stickies the kids have laid on...or just plain dirt. The effect it has on you, is to draw your attention and your
focus away from what lies outside, beyond the surface of the glass. Sure, you can still see it, but it will be out of focus
and unclear, causing you to miss the details. There could also be a fox outside that window, happy to see all that stuff
keeping you from seeing him, heading to the hen house.
Those candles on the screen just don't appear by magic. They are created by a process. it happens in plain sight, right in
front of you. However, the sly fox would prefer to distract you, disorient you and change your point of focus. The more
"toys" that cover the glass of your "window" to price, the more your focus is pulled away from the very thing it should be
locked on. Remove the toys and you have price. Keep some open, naked charts and spend some time looking at these.
I'm not advocating you to ditch everything you are doing now, but learn what's happening with price so you can use your
"tools" better. It's the only way the light switch gets flipped on. And when it does, BAM! It will hit you like a
sledgehammer. Once you "see", you cannot "un-see". An epiphany, if you will.
Bean time....back later.
CJ
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by Aus67 » Tue Mar 05, 2013 6:37 pm
Captain Jack wrote:I've been reading Bob's 10.4 Complete System thread and EURGBP has presented
a possible trade setup that fits the system. Here is a chart showing EURGBP without any templates or "dirt"
to cloud view of what lies under the glass of your computer screens. PRICE!
Here you see what you don't see when looking at lines, indicators, dashboards and alert boxes. PRICE!
A very important event just occurred, actually comprised by a series of related events, on this pair. I have
labeled all the "events' for ease of discussion. Looking at the naked chart, what do you see and what do
you think is happening or just happened here. Let the discussions begin....the only dumb or stupid questions
are the ones not asked.
CJ
Hi CJ
Great thread!
Just browsing through some charts looking for similar events to what you describe...Although I am not sure of what all
the letters are yet, is the attached 4h usdcad chart displaying the same kind of event at 1.025?
cheers
Daryl
...if you are given a gift and you decide not to accept it, to whom then does the gift belong to? Think about it!
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Jemook wrote:
Captain Jack wrote:If you were going to war, would you buy your guns and ammo from
your enemy? Easy answer - NO! Unfortunately, in the forex wars, that's exactly what we have
to do. The very terminals we use and the tools provided with them are given to us by the
brokers, whose money we are trying to take. They set on the other side of the glass and they
"see" everything we do. They know our habits and nature much better than we know theirs, or
even our own. They know all the "tricks" in the book. They know all the tools we use and
they use those very tools against us.
Not to turn your thread into a broker discussion but from what I've seen brokers out there are slowly
moving away from market making because traders are becoming more profitable and making too much
money from the brokers.
I believe Global Prime is one of the only brokers in the world that does not run a book (market making)
and is completely transparent in the Direct Market Access approach.
I consider the thread "wide open" to any opinions, ideas or discussions Jeremy. It's always good to see an "insider" offer
up some valuable advice. The only problem is, not many will say what you just said. I'm sure you guys run a good ship at
GP, otherwise Steve wouldn't put forth the faith he does in you. It's not always who takes the other side of the order,
there are other ways to tip the scales a bit.
When I open an account at a new broker, it's usually a small account, $5K or less. The reason for doing this is that I've
found the broker to be "at his best" at this time. Feeds are reliable, slippage is almost non existent and trades are filled
quickly. The true test comes when that $5K account hits $10K, then $20K then.... sometimes, things will change. Things
like delays in order fills seem to happen quickly. Spreads "seem" to widen a bit. Re-quotes are common. It's not hard to
figure out but little can be done except moving on to another. I've actually found Cowboy IBFX, Oanda and FXCM to
be suitable for me and I'll keep larger accounts with them.
HotForex was a blast while I could still trade overseas. Can't say they were always a happy bunch, but the checks kept
coming! At least till I got the notice I wasn't welcome anymore.
After PFGBEST, safety of funds is now a big concern for me. Tradestation/Cowboy IBFX offers some good setups
where your funds are kept in an insured account and only your margin money is at risk. No US brokers offer or are
required to insure our accounts.
Feel free to add anything to the thread at anytime.
CJ
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They say more than 90% lose in the forex market so either you have to do the opposite or go with the herd with a strict
money management. To have the right expectation is the hardest at least for me.
Well if I can start to think like a fox I may survive a while longer,
erikskenne
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by garyfritz » Tue Mar 05, 2013 7:34 pm
erikskenne wrote:They say more than 90% lose in the forex market ...
I was never quite sure about those 90-95% claims. At http://leaprate.com/files/summaries/fxcm.pdf you can find some
stats from a company that tracks forex brokers:
FXCM customers have consistently fared in the bottom half

of all firms reporting, with only 24% of client accounts being
profitable over the past year, well behind both the
industry average of 28% and industry leader Oanda
where more than 40% of accounts made money.
So they say the average is 28% profitable.
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Aus67 wrote:
Captain Jack wrote:
Hi CJ
Great thread!
Just browsing through some charts looking for similar events to what you describe...Although
I am not sure of what all the letters are yet, is the attached 4h usdcad chart displaying the
same kind of event at 1.025?
cheers
Daryl
Sure looks like it doesn't it Daryl. But what do these 4 currencies have in common that would cause them to print the
same pattern? Four different countries, 4 different currencies, 4 different economies but the crosses print the same price
pattern.... Take away the labels, names, dates and time and you are left with one thing....Price!
Good eye and well done.
These patterns are close enough to be twins. They are what I call a "muddled" pattern. I'll post some charts with picture
perfect versions of this pattern. As I said, the fox likes deception and distortion to cloud vision. There are many ways to
"muddle" a pattern, but it's still there. They can;t hide them completely because price is a printed record of what is
happening and what they are doing. Try as they might, the fox can't cover his tracks completely. To see more detail, drop
down to the M15 time frame.
CJ
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mjws00 wrote:Right on CJ. Admittedly my price action terminology is more than a little rusty. I Look
forward to learning something.
I see: A false breakout at A. Probably with lots of profit taking to drive it down Retesting at B. Lower High
at C. Possible bear control coming. D Maybe an opening gap, short run back into consolidation ending at E
with a breakout to new highs and a pullback into the zone. G we have an exhaustion gap followed by a nice
little pinbar at H into railroad tracks ( in the same consolodation zone. ) Small half hearted bull rally into
railroad tracks at J and back into K where we are back where we started and looking to bounce, and
continue the trend or fail and turn lower.
I know I've made a mess out of the terms. And missed a lot. Look forward to learning.
Mike
It's all well thought out Mike, but it's what you are supposed to think.
Neither the bulls, the bears or the brokers are in charge here. Bulls and bears are not trend or move creators. They are
buy followers. Neither are brokers who run the MT4 shops. This is price manipulation at it's finest. Naysayers will shout
"Not possible". I say it is! He who pilots price is in control here. I liken him or it to "the fox". He knows where the orders
are placed and the amount of orders at each location. He decides when and where price moves, as always. He
determines the intent of price. This is the realm of the market maker..... the taker, the giver and the punisher. It's hard to
see this pattern for most AFTER it's completed, but it's even harder to see it in progress. Once you see and recognize it,
you and the fox are one. For those who don't see it, it's a painful, costly journey. The smaller the time frame that it occurs
on, the quicker you need to react, both to save losses and create gains.
If you look at the chart USDCAD chart that Daryl posted and compare it to the EURGBP, note the levels of each step
in this process and how they relate to each other. It's the key here.
CJ
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garyfritz wrote:
erikskenne wrote:They say more than 90% lose in the forex market ...
I was never quite sure about those 90-95% claims. At http://leaprate.com/files/summaries/fxcm.pdf you can
find some stats from a company that tracks forex brokers:
FXCM customers have consistently fared in the bottom half

of all firms reporting, with only 24% of client accounts being
profitable over the past year, well behind both the
industry average of 28% and industry leader Oanda
where more than 40% of accounts made money.
So they say the average is 28% profitable.
I'd say the 90%+ numbers are way to high....there's not enough new customers coming in to support that turnover rate
and still provide the brokers with enough income to survive.
CJ
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Aus67 wrote:
Captain Jack wrote:
Hi CJ
Great thread!
Just browsing through some charts looking for similar events to what you describe...Although
I am not sure of what all the letters are yet, is the attached 4h usdcad chart displaying the
same kind of event at 1.025?
cheers
Daryl
A question for you Daryl....after seeing the 2 charts and the price patterns, do you think USDCAD will print a lower
low, near the 1.25++ line? It's possible, BUT, do you think it's highly probable??
Anybody? If a lower low is printed, will there be "pins" as with EURGBP pair?
CJ
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by mjws00 » Tue Mar 05, 2013 9:03 pm
Captain Jack wrote:It's all well thought out Mike, but it's what you are supposed to think.
Neither the bulls, the bears or the brokers are in charge here. Bulls and bears are not trend or move
creators. They are buy followers. Neither are brokers who run the MT4 shops. This is price manipulation
at it's finest. Naysayers will shout "Not possible". I say it is! He who pilots price is in control here. I liken
him or it to "the fox". He knows where the orders are placed and the amount of orders at each location. He
decides when and where price moves, as always. He determines the intent of price. This is the realm of the
market maker..... the taker, the giver and the punisher. It's hard to see this pattern for most AFTER it's
completed, but it's even harder to see it in progress. Once you see and recognize it, you and the fox are
one. For those who don't see it, it's a painful, costly journey. The smaller the time frame that it occurs on,
the quicker you need to react, both to save losses and create gains.
If you look at the chart USDCAD chart that Daryl posted and compare it to the EURGBP, note the levels
of each step in this process and how they relate to each other. It's the key here.
CJ
Heh. I love it, CJ. You are playing "a level deeper" as we'd say in Poker. I can do this chart in orderflow perspective as
well. Thought you were going for straight up price action. As you said it is much much harder to do in real time. But
we can easily see trapped bulls, bears, and the frustration the market makers have caused in the past. Reading intent is
another game.
Hope you stick around, I promise you'll have at the very least one sponge. Hurry up already You may be able to tell
this dimension excites the hell out of me. Reminds me of trading lvl2 on the nasdaq.
Thanks again for sharing your wisdom.
Mike
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by garyfritz » Tue Mar 05, 2013 9:31 pm
Oh he'll have more than one sponge, be sure of that! I would give pieces of my anatomy to be able to trade like CJ
does. I don't know if I can train myself to think like he does, but I'm tryin' ...
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mjws00 wrote:
Captain Jack wrote:

CJ
Heh. I love it, CJ. You are playing "a level deeper" as we'd say in Poker. I can do this chart in orderflow
perspective as well. Thought you were going for straight up price action. As you said it is much much
harder to do in real time. But we can easily see trapped bulls, bears, and the frustration the market makers
have caused in the past. Reading intent is another game.
Hope you stick around, I promise you'll have at the very least one sponge. Hurry up already You may
be able to tell this dimension excites the hell out of me. Reminds me of trading lvl2 on the nasdaq.
Thanks again for sharing your wisdom.
Mike
Love Texas Hold'em and used LvlII on NASDAQ when I day traded back in the good old days. Now forex catches my
eye.
Sorry if I caught ya off guard with the price action wording. Like I say, Al Brooks and places like Your Trading Coach
can do a great job on the specifics from a professional stand point. I'm a mix of psychology, patterns, habits, traits, ticks
and tricks of price and a very different way of looking at the forex market and what makes price do what it does. It's
really hard to explain, especially when I start showing you "price projections". Sometimes I feel like a modern day
hunter, who uses a game camera to show him the foxes feeding time and location. Then all I have to do is show up on
time.
I've been a member here for a long time. Just haven't been very active. Can't promise I'll be regular, but I'm here for the
moment.
I'll be putting up a series of charts explaining what I see happening on the chart. In the mean time, chew on this one. Just
an idea I have.....
CJ
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garyfritz wrote:Oh he'll have more than one sponge, be sure of that! I would give pieces of my anatomy to
be able to trade like CJ does. I don't know if I can train myself to think like he does, but I'm tryin' ...
Like I've said Gary, pay your local "herbal vendor" a visit and free your mind my friend.
CJ
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by trueblueTEX » Tue Mar 05, 2013 11:24 pm
Hello Captain Jack! I will be following this thread with open eyes.
What little I've read from you over the last couple of days reminds me of another gentleman whom I've met elsewhere
and who tried to explain this to me before. Hopefully, this will stir up his teachings in my mind. I already hear some
distant echoes growing louder.
Thanks
TEX
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by Captain Jack » Wed Mar 06, 2013 12:40 am
trueblueTEX wrote:Hello Captain Jack! I will be following this thread with open eyes.
What little I've read from you over the last couple of days reminds me of another gentleman whom I've met
elsewhere and who tried to explain this to me before. Hopefully, this will stir up his teachings in my mind. I
already hear some distant echoes growing louder.
Thanks
TEX
Welcome aboard Tex. I wish somebody would have tried to explain this stuff to me....could have saved me many years
and hundreds of hours...but then again, I might not have ended up with the same conclusions that I have now....
I hope you are able to pick something up within the thread and don't be afraid to jump into the fray.
CJ
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Here's some of my thoughts on the action from "A" through "C" on the EURGBP pair..... BTW, .8755 is an area of
interest for me here on this long trade....
CJ
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by sat79 » Wed Mar 06, 2013 1:56 am
Is allways pleasure to read and study what captain have to say. I use to trade with naked charts allso and get usually
some % return/month, but what I have read and see captains %... Keep going. I allready have "Barfing Captains"
stuff in my head (Great stuff). Now I'm open minded for "Naked chart Captains" stuff.
Thanks for your work for us.
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by mjws00 » Wed Mar 06, 2013 2:13 am
Brilliant narrative. This looks like a truly superb shakeout by big smart money. I'll let someone else give it a shot before I
see if I can even get close on further letters. I seem to get lost at the hard right edge with this style of analysis. We end up
in no mans land with a bit of a floor.
Not sure what stopped price at A and D, would have faded C all day long, took profit at the bear flag and out near the
bottom. Unlikely to reverse and long it, not clever enough. Would sell E for small BE trade. Went long on the Break of E
towards F, punched out in the chop/pause. Left the monday gap alone. Then we are sideways.
So. Crapload of optimistic bulls stuck at H. Some trapped bears on the fake at I. J is a nice little turn to get the bears
watching C,E,J aboard. Heh, and it is good enough to bias me short. So I will sell into their fake turn at J and get stuck
short while they drive it and stop at F... there I will sell into F and they will take a quick run south to get more bears
onboard before driving it to and slightly through H to steal the stops and trigger the selling, before driving it south hard
having accumulated very nicely between 0.8755 and 08800.
LOL. Thanks for opening a beautiful can of worms. Now I can officially confuse myself by going way too meta on this.
Hopefully we only need one level. Learnin and lovin it. I'll give you a chuckle if nothing else. I thought we just sold when
the yellow line crosses the blue.
Mike
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by Jason » Wed Mar 06, 2013 2:55 am
This is kind of how I'm thinking nowadays too. Well... Minus the blood and puke :p
How do you manage to pick when it's turning?
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by mjws00 » Wed Mar 06, 2013 3:03 am
Just For Fun Captain. A quick analysis with no Meta. I took the pivots off for clutters sake.
A - RSI way OB, Outside Band, Pinbar, Pivot there. Sell.

B - Exit at Band, RSI OS, Pivot there. Buy
C - Lower High, Top of Band, RSI Less strength, Pivot, Sell
D - RSI OS, Pivot, Momentum into Band, Buy
E - RSI, Band, Pivot, Sell
F - Same, Double top as well.
G - Same - but weekend. Depends on trader.
H - Looking to Reverse, Fill gap? Punish stuck bulls, I'm not a gap trader in forex, like em elsewhere.
I - Band trade, RSI not pegged slightly less downward pressure, but price has plummeted. Bears weakening
J,K Meandering.
We don't really get sucked into the traps set by the market makers at all. Though not nearly as fun or sophisticated in our
analysis. If I was flying naked on a 15minute chart scalping, they would chop me up in here.
Too off topic? What do you think?
Mike
Technical Narrative
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erikskenne wrote:Thanks Commander
What I see first is the yellow line which is some kind of middle line from were prize stretch out from and
snap back to, dealing range maybe, then I see that lines as former support becomes resistance are very
important to pay attention to. Also wait to set yr order until after news release. Just my newbie 2cent
I didn't forget your post as I was saving it for later reply...delivered now.
Yes, the yellow line tends to stand out and grab your attention. I mentioned earlier that price is always moving, returning
to previous levels and that it is drawn to some areas and levels more frequently than others. Round numbers, sweet
spots, pivots, support & resistance, fibo and gann numbers. Everything we use as tools of the trade as well as some I've
missed. Areas that we seek out in our search for profits. Areas to begin and end trades. In other words, all of the areas
that both bulls and bears frequent together. We've all heard it, "the bulls and bears are fighting it out here" yada yada...
But in reality, it's not the bulls and the bears who control price, it's the fox or the shark or any number of larger predators
who are also attracted to these "areas of interest" that price seems so drawn to. Remember also that I say price is driven
to a point with intent.
My question to you is, do bulls and bears create these areas of interest with their tools of trade, or are these areas
created by something else, to draw the bulls and bears together in a small area?
Hunters, who are predators, will sometimes use sound, corn, feed, meat, scent, dogs, other hunters, and numerous other
methods to draw their prey to them. Sometimes, herding it into a smaller, confined area. Once the prey is within easy
reach, it's an easy kill. Once trapped in a confined area, it's like shooting fish in a barrel.
Consider the question posed above again and think on this. Is price drawn to these "areas of interest" because of some
tool we use, or because a numerical ratio says it is, or is price driven to these areas to trap bulls and bears into a feeding
zone for the sharks, wolves, jackals and fox that "hunt" the same areas we do? Are the tools and indicators not the "bait"
the fox uses to trap the bulls and bears? Trapping them in a confined area where confusion, pain and panic set it in?
Take a look at this chart. Notice the tick volume as this "event" unfolds.
In my opinion, the yellow line and all lines like it are the "bait" that draws the most number of traders, both bulls and
bears, into a killing zone. Most will leave it with lighter accounts.
You can make a lot of money in these areas when you recognize the sign. This is a 4hr chart and time moves slow.
Traders are not focused on the broad picture, but tend to have "tunnel vision". Their focus is tight and narrow. Also note
the "pins" that appear at a lot of the turning point - the tracks of the fox. When these occur on the lower time frames,
scalpers get their asses handed to them do to the speed of the swings. Again, this is a "dirty" pattern with seeds of
deception sown in. . They usually don't worry about covering it as much in the lower time frame but in the higher ones,
you have more time to analyze it.
CJ
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by 2face » Wed Mar 06, 2013 4:05 am
mjws00 wrote:Just For Fun Captain. A quick analysis with no Meta. I took the pivots off for clutters sake.

I - Band trade, RSI not pegged slightly less downward pressure, but price has plummeted. Bears
weakening
J,K Meandering.
We don't really get sucked into the traps set by the market makers at all. Though not nearly as fun or
sophisticated in our analysis. If I was flying naked on a 15minute chart scalping, they would chop me up in
here.
Mike
Please dont hijack this tread with indicators. Here is for Naked Trading
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by mjws00 » Wed Mar 06, 2013 4:17 am
I won't hijack anything. Just looking for wisdom and perspective from the Captain. Don't worry. Shifting gears and
flexibility in perspective seems important here. To me the contrast helps bring clarity.
I'm happy to delete it if he thinks it is too far out there.
Mike
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mjws00 wrote:Just For Fun Captain. A quick analysis with no Meta. I took the pivots off for clutters sake.


I - Band trade, RSI not pegged slightly less downward pressure, but price has plummeted. Bears
weakening
J,K Meandering.
We don't really get sucked into the traps set by the market makers at all. Though not nearly as fun or
sophisticated in our analysis. If I was flying naked on a 15minute chart scalping, they would chop me up in
here.
Mike
Nothing's off topic here Mike.
As it's presented, it looks great, but do you trade it that way and were those trades completed? If you did, it's not per
10.4 rules. When you add the lines back in, that picture changes quiet a bit with smaller gains and BE trades.
I've mentioned in Bob's thread that he has a well designed system that makes it easy for people to learn to trade. I've
expanded on the fact that Bob says that people tend to rely on "helpers" to find trades as opposed to learning why
conditions exist for taking a trade.
I've been a member here for years and I consider a lot of the users here more experienced than the every day Joe who
hits the pirate sites everyday, downloading all the systems and EA's he or she can get their hands on. Looking for the
"grail", spending all their time, on stuff that does not work, when they should be learning the basics of trading. But
everybody has a different skill set as well as experience and no matter how you lay out the rules for the posted chart,
people will lose money using it. Not everybody, but some will. That's evident in all the threads where there is a given rule
set, that every trader uses, but not all the traders end with the same results.
I've said early in this thread that I don't advocate people dropping everything they know and joining me on a naked
chart, only to consider what is going on behind the scenes.
I posted this move on a 4hr chart so it would be easy to see. It happened over a period of a month. The same pattern
repeats over all the time frames, and it's on the lower time frames that the trapping becomes a critical element of the
move as you don't have time to react. Not everybody trades the H4 or D1 time frames, I live on them and play on the
lower ones.
The sooner you recognize this pattern, the sooner you would learn when to take earlier entry into the trades on a 10.4
template, when to stay in them longer and when to shorten your SL to 10-15 pips.
All I promise if a look into a very radical way of trading and a view from the other side of the glass. Here's the chart with
the lines added....your trade results won't be near the same. You may just want to use Bob's 5.1MA, chuck all the rest
and swing trade it. Whadda you think?
What works for each individual is what is important.
CJ
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by mjws00 » Wed Mar 06, 2013 5:17 am
Heh. I ain't a stock systems guy, and don't look for grails. That's part of the reason it took me a while to get over here.
I've seen a couple great traders crush it in real time. But most find little value in posting and move on quickly. I trade
zones and price, and like yourself am always always thinking about who is on the other side of my trade.
But just like that infrared camera can help you track the fox, I don't mind a little early warning on a possible set up. Just
to see where that fox might be hunting.
Glad I wasn't too far out of line. (And yes I posted and took a bunch of counter 10.4 trades in real time)
Mike
EDIT: And I do promise not to get off topic.

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Something to keep an eye on over the upcoming days Mike.
All indicators are still lagging price and will always be behind. There is nothing that can predict the future path of price.
But if there was, it might look something like this....
CJ
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by mjws00 » Wed Mar 06, 2013 5:35 am
Interesting. Not too far off my beginner fox hunting narrative. Before my brief foray into Bob's abyss.
Thanks again. I'll let the other hunters chime in while I rest my eyes.
Mike
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mjws00 wrote:Heh. I ain't a stock systems guy, and don't look for grails. That's part of the reason it took
me a while to get over here. I've seen a couple great traders crush it in real time. But most find little value in
posting and move on quickly. I trade zones and price, and like yourself am always always thinking about
who is on the other side of my trade.
But just like that infrared camera can help you track the fox, I don't mind a little early warning on a possible
set up. Just to see where that fox might be hunting.
Glad I wasn't too far out of line. (And yes I posted and took a bunch of counter 10.4 trades in real time)
Mike
EDIT: And I do promise not to get off topic.
Making the $$ is where its at, Always good to see trades closed with green pips.
Don't worry about getting off topic...everything is fair game in here as you never know where something will lead once
it's out of the bag.
BTW, GBP "news" soon... could see an early hit to my target on EURGBP... so does "news" move price or does price
dictate news? I'm really gonna toss you brain salad in here!
Looking for dovish comments from BOE and GBP weakness.....let the countdown begin!
CJ
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by Aus67 » Wed Mar 06, 2013 5:59 am
Captain Jack wrote:Something to keep an eye on over the upcoming days Mike.
All indicators are still lagging price and will always be behind. There is nothing that can predict the future
path of price. But if there was, it might look something like this....
CJ
Hi CJ
In your prediction of possible price action, it is in a slight upward trend..is there a way that you predict this?
I have no idea how to trade this though!
My head hurts with your concepts! love it though!!!

Keep it coming...(please)!
cheers
daryl
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Aus67 wrote:
All indicators are still lagging price and will always be behind. There is nothing that can predict
the future path of price. But if there was, it might look something like this....
CJ
Hi CJ
In your prediction of possible price action, it is in a slight upward trend..is there a way that you predict this?

cheers
daryl
Yes, it's a map I've made for this pair, plotting where I think price will be going forward. The red X is my target for the
live trade on the chart, apprx. .8755 area, where price will reverse back to my entry area. I plan to swing trade it back if
it makes it to the 1st target.
How I do it is the key....ask Gary, he knows.
Cj
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by Aus67 » Wed Mar 06, 2013 6:31 am
Captain Jack wrote:
Aus67 wrote:
Captain Jack wrote:Something to keep an eye on over the upcoming days

Mike.
All indicators are still lagging price and will always be behind. There is nothing
that can predict the future path of price. But if there was, it might look something
like this....
CJ
Hi CJ
In your prediction of possible price action, it is in a slight upward trend..is there a way that
you predict this?

cheers
daryl
Yes, it's a map I've made for this pair, plotting where I think price will be going forward. The red X is my
target for the live trade on the chart, apprx. .8755 area, where price will reverse back to my entry area. I
plan to swing trade it back if it makes it to the 1st target.
Cj
What you have shared has a great deal of logic!

Would you trade the 'muddled' price chart? to me, if I see price starting to exhaust around 'an event area' one could just
play the new highs and lows for awhile?
thanks again for giving us this insight!

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by Aus67 » Wed Mar 06, 2013 6:54 am
Captain Jack wrote:
Aus67 wrote:
Captain Jack wrote:
Hi CJ
Great thread!
Just browsing through some charts looking for similar events to what you
describe...Although I am not sure of what all the letters are yet, is the attached
4h usdcad chart displaying the same kind of event at 1.025?
cheers
Daryl
Sure looks like it doesn't it Daryl. But what do these 4 currencies have in common that would cause them
to print the same pattern? Four different countries, 4 different currencies, 4 different economies but the
crosses print the same price pattern.... Take away the labels, names, dates and time and you are left with
one thing....Price!
Good eye and well done.
These patterns are close enough to be twins. They are what I call a "muddled" pattern. I'll post some charts
with picture perfect versions of this pattern. As I said, the fox likes deception and distortion to cloud vision.
There are many ways to "muddle" a pattern, but it's still there. They can;t hide them completely because
price is a printed record of what is happening and what they are doing. Try as they might, the fox can't
cover his tracks completely. To see more detail, drop down to the M15 time frame.
CJ
In the 15min chart are we still looking at the same pattern on the 4h? which is about a 350 pip range.
I cant really see much...are we looking for the same muddle pattern on a 15min scale?
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by DocT » Wed Mar 06, 2013 6:55 am
CJ
Great to see you in here and glad you found a home for your talented and educational approach to trading.
Loved BARF and looking forward to "fox" trading.
Cheers
DocT
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Aus67 wrote:
Captain Jack wrote:
Aus67 wrote:
Captain Jack wrote:
Hi CJ
Great thread!
Just browsing through some charts looking for similar events to
what you describe...Although I am not sure of what all the letters
are yet, is the attached 4h usdcad chart displaying the same kind of
event at 1.025?
cheers
Daryl
CJ
In the 15min chart are we still looking at the same pattern on the 4h? which is about a 350 pip range.
I cant really see much...are we looking for the same pattern?
Here's the USDCAD on both the 15M 30M time frames....same pattern as the 4H on USDCAD and EURGBP...
CJ
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taggie11 wrote:CJ
Great to see you in here and glad you found a home for your talented and educational approach to trading.
Cheers
DocT
Hi Doc,
We could end up BARFing here as well!
CJ
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by pips400 » Wed Mar 06, 2013 7:29 am
Great stuff Captain, really looking forward to see where this leads. Looks similar to limit order trading in a range, with
multiple bounces off the bottom support, but don't want to second guess here, I'll keep watching from the shadows
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by Lara » Wed Mar 06, 2013 8:42 am
Hi Captain,
Its fantastic to have someone focussing on PRICE PRICE PRICE!

If I look back to the beginning of my trading in 2006, my platform looked like some of the consols from the Starship
Enterprise There were so many indicators I couldn't even see price! Nowadays I am loathe to put even one indicator
on my charts - they all lag so badly and remind me of journalists running to cover an event that has already happened.
The A, B, C, D, E patterns you show look like Elliott waves or am I completely off track?
Anyway I look forward to learning from you and will be following this thread with great interest.
Lara
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by xrismak » Wed Mar 06, 2013 11:22 am
Captain Jack wrote:
taggie11 wrote:CJ
Great to see you in here and glad you found a home for your talented and educational
approach to trading.
Cheers
DocT
Hi Doc,
We could end up BARFing here as well!
CJ
Hello CJ,
I hope this is the Same Captain Jack from Bluto's Corner, if so Holler at a Dude, I am giving this Particular Thread a
Proper READ and UNDERSTAND, I need to Learn this Price Action thing because you make Sense always and hey
let me Digress a little bit if you don't mind, I really never understood that (BARF) style of Trading so hopefully you might
share and shed some light on it in this forum too and also that Better Volume Indi , I need a Hook up on it .
Happy Trading Y'all,

xrismak
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by erikskenne » Wed Mar 06, 2013 11:51 am
Captain Jack wrote:
erikskenne wrote:Thanks Commander
What I see first is the yellow line which is some kind of middle line from were prize stretch out
from and snap back to, dealing range maybe, then I see that lines as former support becomes
resistance are very important to pay attention to. Also wait to set yr order until after news
release. Just my newbie 2cent
I didn't forget your post as I was saving it for later reply...delivered now.
Yes, the yellow line tends to stand out and grab your attention. I mentioned earlier that price is always
moving, returning to previous levels and that it is drawn to some areas and levels more frequently than
others. Round numbers, sweet spots, pivots, support & resistance, fibo and gann numbers. Everything we
use as tools of the trade as well as some I've missed. Areas that we seek out in our search for profits.
Areas to begin and end trades. In other words, all of the areas that both bulls and bears frequent together.
We've all heard it, "the bulls and bears are fighting it out here" yada yada... But in reality, it's not the bulls
and the bears who control price, it's the fox or the shark or any number of larger predators who are also
attracted to these "areas of interest" that price seems so drawn to. Remember also that I say price is driven
to a point with intent.
My question to you is, do bulls and bears create these areas of interest with their tools of trade, or are
these areas created by something else, to draw the bulls and bears together in a small area?
Hunters, who are predators, will sometimes use sound, corn, feed, meat, scent, dogs, other hunters, and
numerous other methods to draw their prey to them. Sometimes, herding it into a smaller, confined area.
Once the prey is within easy reach, it's an easy kill. Once trapped in a confined area, it's like shooting fish in
a barrel.
Consider the question posed above again and think on this. Is price drawn to these "areas of interest"
because of some tool we use, or because a numerical ratio says it is, or is price driven to these areas to
trap bulls and bears into a feeding zone for the sharks, wolves, jackals and fox that "hunt" the same areas
we do? Are the tools and indicators not the "bait" the fox uses to trap the bulls and bears? Trapping them in
a confined area where confusion, pain and panic set it in?
Take a look at this chart. Notice the tick volume as this "event" unfolds.
In my opinion, the yellow line and all lines like it are the "bait" that draws the most number of traders, both
bulls and bears, into a killing zone. Most will leave it with lighter accounts.
You can make a lot of money in these areas when you recognize the sign. This is a 4hr chart and time
moves slow. Traders are not focused on the broad picture, but tend to have "tunnel vision". Their focus is
tight and narrow. Also note the "pins" that appear at a lot of the turning point - the tracks of the fox. When
these occur on the lower time frames, scalpers get their asses handed to them do to the speed of the
swings. Again, this is a "dirty" pattern with seeds of deception sown in. . They usually don't worry about
covering it as much in the lower time frame but in the higher ones, you have more time to analyze it.
CJ
Thanks CJ for yr answer and question, Im short of time at the moment but I shall answer as good as I can later on,
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by garyfritz » Wed Mar 06, 2013 1:20 pm
Captain Jack wrote:How I do it is the key....ask Gary, he knows.
It's that Mason jar of West Virginia moonshine that he keeps next to his monitor....
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by mjws00 » Wed Mar 06, 2013 5:46 pm
Slow day trading for me. Gonna see what BOJ and London can muster. So I dove head first into Al Brooks. Figured
two heads up on it had to be worth something. His style ain't nearly as entertaining. Hope the day went well for all. I
got my foxy glasses on for later.
Mike
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by f451 » Wed Mar 06, 2013 7:17 pm
Hi Captain!
Reading the thread is provoking a few thoughts...

One thing I feel most traders don't understand about trading in the markets is that for every buyer there is a seller. If you
can get a fill, then someone else is taking the other side of your trade. In FX this might be a bucket shop market maker
broker with incentive for you to lose, but on the exchanges, it's still the same deal... In order for you to make a trade,
someone else has to be taking the opposite position. Now this has some interesting consequences - particularly if you
happen to a well capitalized smart money player. If you want to buy, especially if you have a big position you want to
establish or unwind, then you need to find someone else to take the other side of the trade, and sometimes that ain't
easy...
Here's where it gets interesting - if you have buy or sell a LOT.... how exactly to do you that without pushing the price
against your trades? This is where the foxes and the stop hunts come back in to the picture... you have to induce
someone else to take the other side of your position, so you need to make it look like taking that other side is an
attractive deal... say when price pushes down below an established support, or the low of the day - just long enough to
induce enough traders to sell - where you as the fox with the big position to establish are busy buy, buy buying, in full
knowledge that price is gonna be coming back up once those desperate retail sellers are exhausted.
Signs on the chart - pin bars, double bars (key reversals), especially if they're poking out beyond some obvious support
or resistance level... or price moves that induce retail traders looking at standard sets of indicators to yell - yippee -
breakout trade - or yippee moving average crossover trade, or....
(the contrast between how those smart money foxes see the market and how the retail traders with the asian range
breakout and moving average crossovers templates often is enough to induce just enough volume to sell when then the
foxes want to buy... I've definitely heard experienced bank traders talk about need to push price up or down past certain
level to attract enough liquidity to dump or establish a position...)
trouble for me is I've never really been able to apply these ideas to actual trading...
so keen to be here, CJ, and to see if I can learn to see the deeper levels of the markets!
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by Captain Jack » Wed Mar 06, 2013 8:34 pm
mjws00 wrote:Slow day trading for me. Gonna see what BOJ and London can muster. So I dove head
first into Al Brooks. Figured two heads up on it had to be worth something. His style ain't nearly as
entertaining. Hope the day went well for all. I got my foxy glasses on for later.
Mike
Al Brooks has price under a microscope....he knows his stuff and that's why I won't be tossing stuff like that out. I take a
broader view and use fewer setups that work for me. "Railroad tracks" are the bomb for taking entry into a trade for me.
When I see those and I'm looking for entry, I try to get it right in the "pins" at the top or bottom of the formation. The
entry into the EURGBP trade was a bit late for me, as I was away when they formed, but got in real close. I have a SL
of around 12 pips on that trade. When you are risking 2-3% per trade, a small stop loss allows you to enter with a much
higher lot size.
For example: 3% Risk SL of 15 pips, my lot size is 3.91

3% Risk SL of 100 pips, my lot size is .57
Since I trade the D1 and H4 time frames, I pull down some nice size moves. Lets say this trade rolls to TP1 and the take
is 150 pips.
The 1st trade above brings me 39.1 x 150 = $5950.00

The 2nd trade above brings in 5.7 x 150 = $855.00
I risk the same amount on both trades @ 3% but look at the outcome. This is how you turn low value R:R trades into
R:R trades of 10+ and higher.
I consider these trades "anchor" trades when I trade. as this trade progresses into profit, I will pyramid additional trades,
as price progresses in its' journey. There are times when I see a "pause" or test approaching, I will l close the pyramid
trades out, hold the anchor and begin pyramiding trades trades when price moves in desired direction. The folks from
FXAW can tell you how effective this has been for me. I last linked a live account there, one from FXMC that started
with a $4K deposit. After the account hit $32K, over about a month and a half period, I had generated over 40,000
green pips. I no longer link my live accounts but may start a small live account like that again for an exercise.
My theory is why make 30 trades over 30 pair when I can make 30 trades in one pair. Works for me and works well.
Those "railroad tracks" allow this type entry with a very high probability of success. Word of advice though, don't put a
trade on like this anywhere near the time when spreads flare out. Your broker will take your SL with the widened spread
and this is especially true for ECN brokers. Wait for news to pass or the day to change and spreads to settle then lay the
trade out with confidence.
CJ
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garyfritz wrote:
Captain Jack wrote:How I do it is the key....ask Gary, he knows.
It's that Mason jar of West Virginia moonshine that he keeps next to his monitor....
You're wrong here Gary, it's in the freezer. That way I can get up and get some exercise!
John
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Here's chart with some examples of the "railroad tracks" and the "pins" formed at the top and bottom. If i can get entry in
the pins, I'll set a SL of 10-20 pips above or below the high or low of the pin. If I'm a little late on entry, I'll set SL at the
the pin level. This is one of the few times I set the stop.
If you look back in the chart history, you probably find many "areas of interest' in the past that relate to these reversal
areas. Remember, the fox like to pull the bulls and bears together so he looks for common ground.
CJ
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by Jason » Wed Mar 06, 2013 9:21 pm
When you see the railroad tracks, it has already happened. How do you enter near the top and risk only 15 pips? Is it
by looking for railroad tracks on the m15?
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by mjws00 » Wed Mar 06, 2013 9:33 pm
Yeah, I took a look at your linked trades. Your ability to press an edge is stunning. Thanks again for taking a bit of time
out to share with us.
Personally I think it's none of our business whether you link a live account. But I'm a quick study, if the data is up I'll
learn from it.
Mike
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by garyfritz » Wed Mar 06, 2013 9:47 pm
Jason wrote:When you see the railroad tracks, it has already happened. How do you enter near the top
and risk only 15 pips? Is it by looking for railroad tracks on the m15?
That's what I wondered too! By the time you see the RRtrax, the opportunity to enter "in the pins" is long gone. If you
enter up "in the pins" of the first bar, it could just as easily keep moving in that direction and never FORM the RRtrax.
f451 wrote:Here's where it gets interesting - if you have buy or sell a LOT.... how exactly to do you that
without pushing the price against your trades? This is where the foxes and the stop hunts come back in to
the picture... you have to induce someone else to take the other side of your position, so you need to make
it look like taking that other side is an attractive deal... say when price pushes down below an established
support, or the low of the day - just long enough to induce enough traders to sell - where you as the fox
with the big position to establish are busy buy, buy buying, in full knowledge that price is gonna be coming
back up once those desperate retail sellers are exhausted.
I understand the idea behind this, but I never understood how you could do it. So you push the price down to induce
people to sell -- well pushing the price down there TAKES a lot of selling. So you have to get pretty short in order to
push the price to where you want to buy. Then I would expect buying would push it UP just as fast as the selling pushed
it down, so at the end don't you end up buying back the shorts you used to push it down, you're about flat, and the price
ends up back where you started?
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f451 wrote:Hi Captain!
Reading the thread is provoking a few thoughts...
Signs on the chart - pin bars, double bars (key reversals), especially if they're poking out beyond some
obvious support or resistance level... or price moves that induce retail traders looking at standard sets of
indicators to yell - yippee - breakout trade - or yippee moving average crossover trade, or....
(the contrast between how those smart money foxes see the market and how the retail traders with the
asian range breakout and moving average crossovers templates often is enough to induce just enough
volume to sell when then the foxes want to buy... I've definitely heard experienced bank traders talk about
need to push price up or down past certain level to attract enough liquidity to dump or establish a
position...)
trouble for me is I've never really been able to apply these ideas to actual trading...
so keen to be here, CJ, and to see if I can learn to see the deeper levels of the markets!
Let's see what I can do here. I once read something that I think came from Steve Mauro, that said it takes 10,000 full
lots to move price one pip. That's a lot of trades to make minimal price impact. For the most part, none of us will be
doing this or have to worry about who takes the other side of the trade we put on. This is another reason why people
say EA's and systems quit working after so many people start using them are full of beans. If the above statement is true,
and I don't know if it is, it would take 1,000,000 traders placing .01 trades in the same direction, at the same time to
move price 1 pip. 100,000 traders placing .1 trades or 10,000 traders placing full size lot trades. This only moves price
1 pip. EA's and systems quit working because the conditions they are programed for are not taking place. Period. It's
the trap that's set that will only trip when those conditions are met. The falsehood that the market makers change the way
they trade is another part of trader paranoia. That's how the rationalize it and that's what they believe.
Consider this - what is price? Price is nothing more than a reflection of the number of transactions put forth and the price
paid or these transactions. You can see this so easy on the charts I've posted with tick volume on them. The largest price
swings are usually during the highest volume of price ticks, reflecting increased transactions. This is why the fox wants
both bulls and bears present. It creates more transactions and the fox can move price with his intent.
You can take all the retail traders in the world and the orders they place are sucked up by the market. Some are offset,
against other traders, with the broker taking the chop, some are offset by the broker's in house traders, some are passed
through where they are but a spec, offset by large institutions. Look at the numbers above. It takes and enormous
number of "transactions" to move price. Hedge funds, bankers, large institutions, and perhaps some whales and sharks
have that ability. We do not.
The bulk of retail traders orders are to large institutions. It is the large institutions that direct price and it to their intent it
moves. Our goal is to trade with the fox, not against. This is why it is so important to understand why price is moving as
it does instead of just looking at the cross of price and a line. When we trade the cross of the line, we trade against the
fox. He is the one who created the cross. When you understand this, then you begin to travel with the fox. One way to
learn this is by learning the habits and the patterns of the fox. This is what I try to put forth here. Pattern recognition and
what it means. The tracks of the fox.
Price is not random. Price is moved deliberately, and is manipulated by logical decisions. It is the fox who makes these
decisions and we, as retail traders react to their decisions. Let me say that again, we react to their decisions. The
conditions we trade in are created and presented to us and we react to them. Most times, we react emotionally and not
rationally. This emotion is what the fox preys on. Most traders are on the edge of their seats when trading. Trading
should be stress free and devoid of emotion. I'm so devoid of emotion any more, I find my self waking up with my laptop
on my lap and drool dripping down my chin, or that could be old age creeping up. Trading to me is mechanical process
anymore, boring at times. This is why the fox drags the bulls and bears together, punishes their emotions and creates
transactions to manipulate price. When you hear that the bulls and bears are fighting it out now, you'll know it's the fox
behind it all.
This is how a large institution offloads or builds a position. By drawing as many traders to common ground and then
manipulating them to make as many transactions as possible, so that the institution can drive or push price to their intent.
Again, look at the chart with tick volume of it and take not of the price swings and volume. There are large transactions
taking place and price is moving a great deal, causing a lot of emotional distress. There is also a large number of price
ticks and price in NOT MOVING. This is the institution accumulating for the next phase.
You may not have been able to apply this to your trading because you are on the wrong side of the glass. You think and
reason and rely on what's been put forth to you, up to this point. Perhaps you might be able see things in a different light
now and just maybe make changes to your trading accordingly.
Any questions, refer back to your post where the traders "yell yippee!"
John
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Hi Captain. Do you have a different type of volume indicator? I've looked at a few volume indicators and none of them
show a large increase in activity on the EURGBP like on the picture you posted.
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I've spent enough time in the charts that it's almost automatic for me. You can always drop down and check the lower
time frames if it helps you. There are repetitive patterns in the lower time frames that occur when the tracks form. You
will see the track pattern on all time frames. On a 4H chart, the first pin bar forms.... while watching the 2nd 4H candle,
as soon as I see a pin, and I'm looking for a trade entry, I place the trade. Pins form fairly quickly since it's a reversal,
price pull back from the extreme to stick the stops that were probably triggered there. A pin high, on top usually triggers
buy stops and when price pulls back, those who hold those trades are stuck. When it pins low, or the bottom of a
candle, its usually trigger sell stops and stick the shorts.
Nobody can tell you when to do it. You have to spend time watching them form and practice trading it on a demo
account. Once they form, price very seldom breaches them and you are in a high value R:R trade.
When trading these on the D1 you have a lot of time to consider the trade. Here's a past example of an old live trade I
posted on another site. The anchor trade is in the pins and the pyramid trades are below. The SL for the anchor trade
was the top of the red box around the pins.
The only way to learn is to practice.
CJ
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Jason wrote:Hi Captain. Do you have a different type of volume indicator? I've looked at a few volume
indicators and none of them show a large increase in activity on the EURGBP like on the picture you
posted.
That's not an MT4 platform. It FXCM Trading Station. You might be able to download it and setup a demo there. I
can't say you will find a good one for MT4 but you might try a Google search for "better volume mt4 indicator" . Not
sure if it would be any better though as the only thing the indicators show are tick volume on your brokers platform.
John
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by sat79 » Wed Mar 06, 2013 11:13 pm
Here is better volume attached.
I know that CJ have balls of titan, or something more hard.

I think I never could handle 50% DD in my trading. Maybe if really have so deep pockets that you can know for sure
that there is no change to get broken...
So CJ, do you play the fox hunting game with market orders and what is your secret to trust that is have to be THIS,
what is going to be print of fox? It's unbeliavable how close you can get of price turning points. I really think that you
living in "Matrix", your real name is Neo and now you have started to see agent Smith in those nice green pi(ps)csels.
Then you ask/think that why people use to scann 30 charts to trade... Well, I'm in there... I scann about 25 charts in
every 4 H (Very rarely go lower than 4H chart) of day, and I get 1-6 trades/month. I try to cherry pick my trades and
usually they are working.
So how you can find so many trades / 1 pair, if you hunting your fox in daily charts?
Maybe you can unlock you treasure chest and tell us your secrets.
Better Volume Indicator.zip

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Here ya go Jason - this would be a counter trend scalp on the H4...entry right in the pins with SL set right on top of the
high pin. You can see my entry and SL at the bottom set of pins. Live setup!
CJ
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garyfritz wrote:
Jason wrote:When you see the railroad tracks, it has already happened. How do you enter
near the top and risk only 15 pips? Is it by looking for railroad tracks on the m15?
That's what I wondered too! By the time you see the RRtrax, the opportunity to enter "in the pins" is long
gone. If you enter up "in the pins" of the first bar, it could just as easily keep moving in that direction and
never FORM the RRtrax.
f451 wrote:Here's where it gets interesting - if you have buy or sell a LOT.... how exactly to
do you that without pushing the price against your trades? This is where the foxes and the stop
hunts come back in to the picture... you have to induce someone else to take the other side of
your position, so you need to make it look like taking that other side is an attractive deal... say
when price pushes down below an established support, or the low of the day - just long
enough to induce enough traders to sell - where you as the fox with the big position to
establish are busy buy, buy buying, in full knowledge that price is gonna be coming back up
once those desperate retail sellers are exhausted.
I understand the idea behind this, but I never understood how you could do it. So you push the price down
to induce people to sell -- well pushing the price down there TAKES a lot of selling. So you have to get
pretty short in order to push the price to where you want to buy. Then I would expect buying would push it
UP just as fast as the selling pushed it down, so at the end don't you end up buying back the shorts you
used to push it down, you're about flat, and the price ends up back where you started?
Take a look at this chart Gary, this is how they form...it's a counter trend scalp on the H4 time frame.
The thing about this is that when price is pushed to a point, enticing people in, they get stuck with the trade when price
turns quickly and goes against them They will not close for a small loss and as price moves away, their loss increases.
Same when it reaches the other end. What ends up happening is a group of trades in locked into a position. Price will not
go above the longs nor go below the shorts. neither can get out without a loss. There will be a period of accumulation,
where price stays in a small range, but not exceeding the previous high. This is the Asian session, when the high and low
of the day are established. There will be a point where the spread between the high and low widens. A lot of people set
these new H and L's as the Asian breakout. After this, the market maker will begin the stop hunt, price moves a lot more
and quicker, by now, all the earlier buyers and sellers are out, most with losses. Price will move high and trigger buy
stops, locking people into positions, quickly reverse to new lows, forcing the buyers hand to dump or enter DD and
triggering sell stops....price will retreat again locking the new shorts in as price runs away from them.... price will not go
above or below the points the stops were taken. This is the stop hunt. Price tends to form a wedge or triangle as it whips
back and forth, each time, staying between the H and L's, but not breeching the. Longs and shorts are either stuck or
out, while the institution accumulates it's position.
Take a look at the chart.
John
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by garyfritz » Thu Mar 07, 2013 12:12 am
Captain Jack wrote:Take a look at this chart Gary, this is how they form...it's a counter trend scalp on the
H4 time frame.
What about the places I circled in red? The pins formed there, and price didn't reverse. (OK on the first one it reversed
a little for one candle, but it didn't reverse like your examples. Would you have entered there? Would you have tightened
up stops and gotten out early when it didn't work like you expected?)
It seems to me that you must already KNOW **where** you expect it to reverse. Then you use the pins as a
confirmation that "yes, it's going to reverse NOW." The pins by themselves aren't a reliable indicator.
So how do you know **where** to look for them?
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by f451 » Thu Mar 07, 2013 12:13 am
Captain Jack wrote:

Yes, it's a map I've made for this pair, plotting where I think price will be going forward. The red X is my
target for the live trade on the chart, apprx. .8755 area, where price will reverse back to my entry area. I
plan to swing trade it back if it makes it to the 1st target.
Cj
Gary, how does he do it?
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by f451 » Thu Mar 07, 2013 12:15 am
garyfritz wrote:
Captain Jack wrote:Take a look at this chart Gary, this is how they form...it's a counter
trend scalp on the H4 time frame.
What about the places I circled in red? The pins formed there, and price didn't reverse. (OK on the first
one it reversed a little for one candle, but it didn't reverse like your examples. Would you have entered
there? Would you have tightened up stops and gotten out early when it didn't work like you expected?)
Fox.gif
It seems to me that you must already KNOW **where** you expect it to reverse. Then you use the pins
as a confirmation that "yes, it's going to reverse NOW." The pins by themselves aren't a reliable indicator.
Gary, that was exactly the question I was going to ask.
I've only ever managed to trade price action with tight stops when I could see a top or knew a range had formed.
This is getting interesting already.
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by Captain Jack » Thu Mar 07, 2013 12:20 am
sat79 wrote:Here is better volume attached.
I know that CJ have balls of titan, or something more hard.

I think I never could handle 50% DD in my trading. Maybe if really have so deep pockets that you can
know for sure that there is no change to get broken...
So CJ, do you play the fox hunting game with market orders and what is your secret to trust that is have to
be THIS, what is going to be print of fox? It's unbeliavable how close you can get of price turning points. I
really think that you living in "Matrix", your real name is Neo and now you have started to see agent Smith
in those nice green pi(ps)csels.
Then you ask/think that why people use to scann 30 charts to trade... Well, I'm in there... I scann about 25
charts in every 4 H (Very rarely go lower than 4H chart) of day, and I get 1-6 trades/month. I try to cherry
pick my trades and usually they are working.
So how you can find so many trades / 1 pair, if you hunting your fox in daily charts?
Maybe you can unlock you treasure chest and tell us your secrets.
Haha! I've been accused of having balls of various composition over the years as well as contacts with Neo. I deny
both.....
I have my own version of High Frequency Trading and take tons of orders. That's why I get a large rebate check each
month. I've just started those linked accounts a few days ago and have been laying on trade after trade. Some have been
mistakes, like entering a sell instead of a buy, but most are intended. Anytime you use and account with high leverage,
like the 500:1, my DD numbers will rise for several reasons. One would be the shear number of open trades, that may
number in the hundreds. I trade all pairs, metals, majors, minors and exotics. The biggest reason for the high number here
is that I stuck myself with a ton of counter trend orders the other day and a car wreck took out our internet service for
10 hours. Since I use few if any stops, when service was restored, the trends had changed and a ton of stuff was going
the wrong way. I could have hedged these trades but since my live accounts are in the US and hedging isn't permitted, I
didn't use it as I may make a bad decision later in an account that I can't hedge. I've been trading my way out of it and it
will all be good soon. I can handle draw down and it doesn't affect me emotionally.
If you notice the account that is 50:1, the DD is inline with the leverage. I've got another 1:50 that's about the same.
I enter trades with confidence that I will profit from that trade. I fully expect to win every trade I place. If I felt differently,
I wouldn't place the trade.
If you only scan the higher time frames, look for the "railroad track" pattern to form...it starts with one long candle and a
pin on top or bottom. You have hours in the next candle to make a decision about the trade. Watch it happen. This is the
first thing I look for when seeking turning points. It's all I need.
The chest is open, it's hp to you to take the treasure my friend.
CJ
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by hannele » Thu Mar 07, 2013 12:29 am
Thank you CJ, you have opend my eyes.
Hannele
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garyfritz wrote:
Captain Jack wrote:Take a look at this chart Gary, this is how they form...it's a counter
trend scalp on the H4 time frame.
What about the places I circled in red? The pins formed there, and price didn't reverse. (OK on the first
one it reversed a little for one candle, but it didn't reverse like your examples. Would you have entered
there? Would you have tightened up stops and gotten out early when it didn't work like you expected?)
Fox.gif
It seems to me that you must already KNOW **where** you expect it to reverse. Then you use the pins
as a confirmation that "yes, it's going to reverse NOW." The pins by themselves aren't a reliable indicator.
Good questions Gary. You have to remember in this situation, I "know" what the whole move, from one end to the other
is. When I look for the pins, I look for major turning points. It's why I look at every chart on my brokers platform. They
don't come along every 30 minutes. I look for something that will provide a nice move, say 100-200 pips or more.
That's why at FXAW, I always looked for the signals with the highest pip values. I'm not really interested in scalping the
smaller inter trend or counter trend moves, but will take the larger retraces on the major moves. Each of those areas you
circled could provide a scalper a profit. Options if you take something like that is to move your SL to BE+2 as soon as
you are in profit. Look at the D1 time frame...you will see some nice trades across the board on setups like those.
You can drop to the 15M, 1H or any other time frame and see them as well if you like those periods.
Where do you look for them? Look on one of your 10.4 templates. They are full of them. Most would put you into a
10.4 trade a full level or more before you would normally enter. By taking the smaller SL at the pin level, instead of the
MA240, your entry lot would be much larger for the same risk. You made a picture perfect trade there, look at that
trade again. The pins will form at the major turning points. Use whatever tool you want to help you locate them. I don't
post this in Bob's thread as he teaches his method and I don't want to impose a different set of rules, to confuse people.
I've done this enough, I just trust the pins. FXAW is filled with my charts showing the 1st trade in the pins. Even if you
are a bit late, you can still take entry lower in the candle and still use the pin extremes for SL. Your risk remains the
same, but your R:R value will be a bit lower. When you look at the 10.4 temp, remember the pins are designed to trip
buy or sell stops. Check where they appear on the pivot levels we all use.
Fire a demo account up and toss trades up when you see them...watch the magic!
Oh, one more point on the red circles...the longer the 1st candle that pins, the better the chance of getting profit on the
second if you are scalping. Not worth it on the shorter candles, unless it happens at major area of interest.
John
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by sat79 » Thu Mar 07, 2013 12:51 am
Captain Jack wrote:
sat79 wrote:Maybe you can unlock you treasure chest and tell us your secrets.
The chest is open, it's hp to you to take the treasure my friend.
CJ
You should be more carefull.. I'm greedy son of a b***h ( https://www.youtube.com/watch?v=n4dHWfpmY0Q) and
will take all from your chest..
Do you use your volume analysis some how to recognize what can be becoming RRtracs??
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USDCHF is "pinning" on the D1, in a major area of interest. I would have liked to have seen a taller pin on the first
candle and I'm going to hold my stop until the 2nd candle takes form. It is very possible here, that the 2nd will pin higher,
and if it does, I will take a 2nd entry there, and then use the high of the 2nd pin for the SL. Early and plenty of time.... In
this situation, I'll use the past major high as a mental stop.
CJ
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by hannele » Thu Mar 07, 2013 1:29 am
There you go CJ. I had to join FXAW to see your past trades ( I have been meaning to do it for a while but you just
took my motivation to next level).
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by Aus67 » Thu Mar 07, 2013 1:35 am
Captain Jack wrote:
Jason wrote:When you see the railroad tracks, it has already happened. How do you enter
near the top and risk only 15 pips? Is it by looking for railroad tracks on the m15?
Here ya go Jason - this would be a counter trend scalp on the H4...entry right in the pins with SL set right
on top of the high pin. You can see my entry and SL at the bottom set of pins. Live setup!
CJ
Hi CJ
Just out of curiosity is your fxcm platform set to GMT? my broker (for the moment) is gmt +2. Although I see the pattern
on my chart, it is a tad different, but is this something that you may feel is critical. Ie having a broker running on gmt?
Daryl
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hannele wrote:There you go CJ. I had to join FXAW to see your past trades ( I have been meaning to do
it for a while but you just took my motivation to next level).
Welcome to the site. When you get access, go to the manual trades area and read the "BARF your way to profits"
thread....It will keep you busy for a bit.
CJ
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Aus67 wrote:
Captain Jack wrote:
Jason wrote:When you see the railroad tracks, it has already happened. How
do you enter near the top and risk only 15 pips? Is it by looking for railroad
tracks on the m15?
Here ya go Jason - this would be a counter trend scalp on the H4...entry right in the pins with
SL set right on top of the high pin. You can see my entry and SL at the bottom set of pins.
Live setup!
CJ
Hi CJ
Just out of curiosity is your fxcm platform set to GMT? my broker (for the moment) is gmt +2. Although I
see the pattern on my chart, it is a tad different, but is this something that you may feel is critical. Ie having a
broker running on gmt?
Daryl
Yes, they are set at GMT. I really pay no attention to the broker time...I have 7 - MT4 platforms open as well as
TradeStation... if you like, you can always get a demo on a GMT broker and check it compared to the GMT+2. I trade
them all the same.
CJ
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by Jason » Thu Mar 07, 2013 2:19 am
Thanks for answering my previous questions CJ.
I have several more questions . I can't yet see how to fit your model, i.e. accumulation, spread widen, stop hunt,
accumulation, then head fake, from the market maker's bread and butter chart, to other times and pairs.
When trading the 4h chart, do you have to see a period of accumulation before deciding to pick an area of interest and
trade?
Why do market makers accumulate positions before the stop hunt?
Why does the spread widen then come back down before the rise up to the stop hunt, i.e. on the market maker's bread
and butter chart?
What is a head fake and what is its purpose?
On the first reversal in early Feb (EURGBP), how could we have picked that high as an area of interest?
Are your demo accounts on myfxbook experiments or how you actually trade?
Sorry, so many questions! A really fascinating topic
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by Aus67 » Thu Mar 07, 2013 2:23 am
Captain Jack wrote:USDCHF is "pinning" on the D1, in a major area of interest. I would have liked to
have seen a taller pin on the first candle and I'm going to hold my stop until the 2nd candle takes form. It is
very possible here, that the 2nd will pin higher, and if it does, I will take a 2nd entry there, and then use the
high of the 2nd pin for the SL. Early and plenty of time.... In this situation, I'll use the past major high as a
mental stop.
CJ
Hi CJ
Attached is the 4H and Daily gbpusd...i am thinking that this may be an area of interest for the fox to start hammering
shorts and longs. It looks like the low of the day was pushed to hit the previous stops and to load up the short train and
now possibly heading up to inflict pain on the shorts.??
On the daily chart do you feel this is the pin forming? it seems to have a long push down and now might head up.
Thanks for your great insight. I have forked out many $1000's attending trading seminars and have never received
anything this good! Thank you!
Daryl
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by mjws00 » Thu Mar 07, 2013 2:47 am
I got my junior foxy glasses on, CJ. I am running charts like a mofo trying to get in their heads. What do you see at the
labels. I have a feeling I am seeing what they want me to, but getting closer. Hard right is the obvious magic. Am I
looking in the right spots?
I still get lost taking pinbars in realtime, without some kind of SR, trendline or something to guide me. It is really easy to
take these early and get faked out. If I go just with my feel for price I do better. I do have serious time logged watching
these build out from the 5s chart, and relating those microstructures to the higher timeframes. But just reading the pattern,
gets me crushed unless I limit my hunting to certain areas.
Is it best to just pop down a few timeframes to finetune? Sounds like you see these without that.
Wonderful insight so far. Thanks. (Brooks is kicking my butt, holy anal retentive hell.)
Mike
Thinkin like a junior fox.
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Aus67 wrote:
Captain Jack wrote:USDCHF is "pinning" on the D1, in a major area of interest. I would
have liked to have seen a taller pin on the first candle and I'm going to hold my stop until the
2nd candle takes form. It is very possible here, that the 2nd will pin higher, and if it does, I will
take a 2nd entry there, and then use the high of the 2nd pin for the SL. Early and plenty of
time.... In this situation, I'll use the past major high as a mental stop.
CJ
Hi CJ
Attached is the 4H and Daily gbpusd...i am thinking that this may be an area of interest for the fox to start
hammering shorts and longs. It looks like the low of the day was pushed to hit the previous stops and to
load up the short train and now possibly heading up to inflict pain on the shorts.??
On the daily chart do you feel this is the pin forming? it seems to have a long push down and now might
head up.
Thanks for your great insight. I have forked out many $1000's attending trading seminars and have never
received anything this good! Thank you!
Daryl
The attachment GPBUSD.JPG is no longer available
Yes..... easy as that.
CJ
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GPB might go down in a few hours? Rates decision day.
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mjws00 wrote:I got my junior foxy glasses on, CJ. I am running charts like a mofo trying to get in their
heads. What do you see at the labels. I have a feeling I am seeing what they want me to, but getting closer.
Hard right is the obvious magic. Am I looking in the right spots?
I still get lost taking pinbars in realtime, without some kind of SR, trendline or something to guide me. It is
really easy to take these early and get faked out. If I go just with my feel for price I do better. I do have
serious time logged watching these build out from the 5s chart, and relating those microstructures to the
higher timeframes. But just reading the pattern, gets me crushed unless I limit my hunting to certain areas.
Mike
You running a trade sim or something....lol
Here's a current pic.... actually 2 of them. 4H and the same info compressed to the weekly chart....
CJ
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Jason wrote:GPB might go down in a few hours? Rates decision day.

Could be...or it could push higher and support the charts....
CJ
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allisonmagic wrote:
Captain Jack wrote:
tracks on the m15?
Live setup!
CJ
so you are trading reversals
I trade anything I see on the chart. I didn't trade that 4H scalp as I'm laying on longs....I posted it to show you how they
look when they are forming.
CJ
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by mjws00 » Thu Mar 07, 2013 4:20 am

I'm finding a new love for these critters. I'll be the fool so others may learn.
Hopefully it only takes a few seconds for you to spot the glaring errors, CJ.
I will admit it seems to be coming easier. If you know what they are thinkin' it makes it WAY easier to get a nice entry
with them. I am pretty certain this is where your magical powers come from Possibly why those half formed pins just
leap out at you.
If it sticks I may never be the same. Next mason's jar is on me.
Mike
Another Fox eye view.
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by mjws00 » Thu Mar 07, 2013 4:21 am
Yep. Runnin a few thousand bars in the sim. Only way to crank down the curve. Thought maybe you'd just throw an X
or something by the errors and tell me where I'm a dumbass.
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Jason wrote:Thanks for answering my previous questions CJ.
I have several more questions . I can't yet see how to fit your model, i.e. accumulation, spread widen,
stop hunt, accumulation, then head fake, from the market maker's bread and butter chart, to other times
and pairs.
When trading the 4h chart, do you have to see a period of accumulation before deciding to pick an area of
interest and trade?
Why do market makers accumulate positions before the stop hunt?
Why does the spread widen then come back down before the rise up to the stop hunt, i.e. on the market
maker's bread and butter chart?
What is a head fake and what is its purpose?
On the first reversal in early Feb (EURGBP), how could we have picked that high as an area of interest?
Are your demo accounts on myfxbook experiments or how you actually trade?
Sorry, so many questions! A really fascinating topic
I'll get to a lot of this later...
The demos are receiving a lot of the trades from my real accounts via copiers. Some I'm trading direct, but this is how I
trade....it's no experiment. I just don't open up my real accounts anymore.
Taking a break....
CJ
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mjws00 wrote:Yep. Runnin a few thousand bars in the sim. Only way to crank down the curve. Thought
maybe you'd just throw an X or something by the errors and tell me where I'm a dumbass.
Send me your email link in a PM...taking a break here
CJ
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Aus67 wrote:
Captain Jack wrote:
tracks on the m15?
Live setup!
CJ
Hi CJ
Just out of curiosity is your fxcm platform set to GMT? my broker (for the moment) is gmt +2. Although I
see the pattern on my chart, it is a tad different, but is this something that you may feel is critical. Ie having a
broker running on gmt?
Daryl
I like the brokers better who run GMT based platforms....others do have variance and they are varied for a
reason...more deception.
CJ
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by Aus67 » Thu Mar 07, 2013 5:39 am
mjws00 wrote:I got my junior foxy glasses on, CJ. I am running charts like a mofo trying to get in their
heads. What do you see at the labels. I have a feeling I am seeing what they want me to, but getting closer.
Hard right is the obvious magic. Am I looking in the right spots?
I still get lost taking pinbars in realtime, without some kind of SR, trendline or something to guide me. It is
really easy to take these early and get faked out. If I go just with my feel for price I do better. I do have
serious time logged watching these build out from the 5s chart, and relating those microstructures to the
higher timeframes. But just reading the pattern, gets me crushed unless I limit my hunting to certain areas.
Mike
Hi Mike
Hey what is the sim you are running? Is it a downloadable one?...great idea to get your head around CJ's methods.
cheers
Dary
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by ewinner » Thu Mar 07, 2013 6:51 am
Hi Dary,
Try this one http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=47&t=1564
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by Aus67 » Thu Mar 07, 2013 6:54 am
ewinner wrote:Hi Dary,
Try this one http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=47&t=1564
Mark
Cheers Mate I will check it out!

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by spotdespot » Thu Mar 07, 2013 6:59 am
Does this the kind of thing you are looking for CJ? D1 early potential railroad at an area of interest with H4 confirming?
Cheers,
Dave.
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by Aus67 » Thu Mar 07, 2013 8:20 am
Captain Jack wrote:
mjws00 wrote:I got my junior foxy glasses on, CJ. I am running charts like a mofo trying to
get in their heads. What do you see at the labels. I have a feeling I am seeing what they want
me to, but getting closer. Hard right is the obvious magic. Am I looking in the right spots?
I still get lost taking pinbars in realtime, without some kind of SR, trendline or something to
guide me. It is really easy to take these early and get faked out. If I go just with my feel for
price I do better. I do have serious time logged watching these build out from the 5s chart,
and relating those microstructures to the higher timeframes. But just reading the pattern, gets
me crushed unless I limit my hunting to certain areas.
Is it best to just pop down a few timeframes to finetune? Sounds like you see these without
that.
Mike
Here's a current pic.... actually 2 of them. 4H and the same info compressed to the weekly chart....
CJ
Hi CJ
The sim is the way to get into this concept! seem to be a bit more at ease in seeing what is happening but one question
beckons.
When will the blood letting be over? The patter from start to finish you mentioned, does it give a clue to it being over?
Is it when volume starts to wain? (no more buyers or sellers left alive)
or is there another method to suggest a longer push may be install...can longer accumulation give us any clue?
Daryl
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by Gertje » Thu Mar 07, 2013 8:49 am
When to close your 'anchor-trade'?

Reversed RR-track?
Where do you add trades?

Specific distance between?
[Mid]Pivots like 10.4?
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by eltax100 » Thu Mar 07, 2013 12:10 pm
Hi CJ,
you have definitely given me something to think about, looking forward to more of your treasure, very appreciated ,
looking at many charts, it looks like there are lots of opportunity just got to pick the right ones
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by mjws00 » Thu Mar 07, 2013 12:24 pm
I got lots of thinkin and processing to do. But if you want a picture of pure military precision, the swiss team crushed,
killed and tortured both bears and bulls last night. Pure genius and awesomeness. GBPCHF. Seriously plasters a grin all
over my face, I knew they were good, but wow.
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by sat79 » Thu Mar 07, 2013 1:38 pm
Why I newer before didn't get this fox thing when CJ talk about it in FXAW? Maybe I'm just bit slow to get this
"matrix" thing... Now my eyes is much more open, but still I don't get when THEY stop that trapping and where they are
shooting next for longer time. I'm still not too keen to start scalping for 30 pip or something like that. Never have try
scalping, maybe cause it smells too much of work..
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by mjws00 » Thu Mar 07, 2013 3:23 pm
The swiss bankers are so beautiful it makes me want to cry. I am in love. Here is why.
Mike
Pure Swiss Love.
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by 4thWavE » Thu Mar 07, 2013 4:20 pm
WheyHey...as they say here: just realised Capn is HERE! Nobody bu**ers about on this forum, Matey...but you know
that by now, and it's a pleasure to be a member, so welcome from 4th even if a little late. 4th
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by Captain Jack » Thu Mar 07, 2013 4:24 pm
mjws00 wrote:The swiss bankers are so beautiful it makes me want to cry. I am in love. Here is why.
Mike
I wouldn't be surprised to see this turn and run like a fox....that was the stop hunt that just took place....the payoff hasn't
hit yet.... sure looks like they are "showing" further drops.....but no longs left here..... only shorts....
CJ
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4thWavE wrote:WheyHey...as they say here: just realised Capn is HERE! Nobody bu**ers about on this
forum, Matey...but you know that by now, and it's a pleasure to be a member, so welcome from 4th even if
a little late. 4th
Been here a little over a year now...just lurking about....
CJ
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by f451 » Thu Mar 07, 2013 4:29 pm
And here's my thoughts on the same GBPCHF in 1HR.
Looks like the key things to be looking for in real time are
a prior trend
that has just started accelerating into a some kind of reference point area (not sure how to pick these reliably yet)
a pin forms
on retest of the pin - enter with a tight stop
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Could be pinning....
CJ
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by mjws00 » Thu Mar 07, 2013 4:53 pm
I may have screwed up and took the 30 min pin early. My question is really whether they test the trapped bears around
1.4100 as well and just let them burn... Traditionally I would look for a bounce off the pivot or that round number. also
in confluence with a band. I am usually a swing early, so 2 part add is always in my plan and allowed for. It wouldn't be
the first time. I don't get shook out though and usually get that second entry in with the foxes money.
Probably not even a great pair to trade. But the action caught my eye for analysis. I have a long ways to go on integrating
this logic. Getting the history part, learning the future.
Thanks, CJ.
Mike
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by ewinner » Thu Mar 07, 2013 4:58 pm
Hi Mike, how about this one?
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by f451 » Thu Mar 07, 2013 5:18 pm
you know I'm going to have to try this in sim a bit more, but I think this trading method actually might be much, much
safer than it appears - after a big push, you almost always get either a retrace or a consolidation - so if you see a pin
forming, even if you haven't correctly picked an "area of interest", you still going to get to BE or a small profit most
times...
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by Aus67 » Thu Mar 07, 2013 5:20 pm
mjws00 wrote:I got lots of thinkin and processing to do. But if you want a picture of pure military
precision, the swiss team crushed, killed and tortured both bears and bulls last night. Pure genius and
awesomeness. GBPCHF. Seriously plasters a grin all over my face, I knew they were good, but wow.
I see what you mean!
its all there right in front of our eyes!..

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by mjws00 » Thu Mar 07, 2013 5:22 pm
Ewinner,
I don't see trapped bulls except on the current bar, and from early last week. So I don't know how to judge mm intent.
My gut says it is overcooked, and coming into SR we could sell. But the fox may throw a wrench or two in this one
before turning. I am also concerned about getting short JPY pairs when they can slam it coming into an NFP event. That
may not be relevant to this style, but I know they will use the tool. The wrong side of intervention blows.
I'm interested in hearing the masters thoughts, if he gets a chance.
I am just a foxy rookie, whose mind has been expanded. My brain is literally shattered all over the floor as I figure out
how to integrate this into thousand and thousands of hours watching price from a simple level. Heaven help us if we have
to go to level two. Or what does the market maker think I think he thinks. But this ain't tricky trappy poker, just a bunch
of fear, greed and speculators getting pounded.
Mike
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ewinner wrote:Hi Mike, how about this one?
Mark
The attachment ej.gif is no longer available
Looks like a 3 push high....sell it here as it's pinning
CJ
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Another look....
CJ
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spotdespot wrote:Does this the kind of thing you are looking for CJ? D1 early potential railroad at an area
of interest with H4 confirming?
Cheers,
Dave.
Yeah...that's what I would be looking for. Pay attention to how the pins form on top and bottom. Some pairs have their
own quirks, which pin tends to be the long, which is the short, are they even....things like that. I think you will see
differences across the pairs. Some pairs with high spread have crappy pins. You can always look at the chart on different
time frames, longer compresses the data, shorter expands it. Sometimes what you don't see on 1 time frame, will show
on a different one.
Note the time of day....
John
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Aus67 wrote:
Captain Jack wrote:
mjws00 wrote:I got my junior foxy glasses on, CJ. I am running charts like a
mofo trying to get in their heads. What do you see at the labels. I have a feeling I
am seeing what they want me to, but getting closer. Hard right is the obvious
magic. Am I looking in the right spots?
I still get lost taking pinbars in realtime, without some kind of SR, trendline or
something to guide me. It is really easy to take these early and get faked out. If I
go just with my feel for price I do better. I do have serious time logged watching
these build out from the 5s chart, and relating those microstructures to the higher
timeframes. But just reading the pattern, gets me crushed unless I limit my
hunting to certain areas.
Is it best to just pop down a few timeframes to finetune? Sounds like you see
these without that.
Wonderful insight so far. Thanks. (Brooks is kicking my butt, holy anal retentive
hell.)
Mike
Here's a current pic.... actually 2 of them. 4H and the same info compressed to the weekly
chart....
CJ
Hi CJ
The sim is the way to get into this concept! seem to be a bit more at ease in seeing what is happening but
one question beckons.
When will the blood letting be over? The patter from start to finish you mentioned, does it give a clue to it
being over?
Is it when volume starts to wain? (no more buyers or sellers left alive)
or is there another method to suggest a longer push may be install...can longer accumulation give us any
clue?
Daryl
It happens at different times on each time frame. Look at the lower time frames and 2-D1 candles hold 96-15M
candles....look at the action on the H1, H4...the patterns are the same across all time frames and the lower one may give
you a clue as to where you are in the pattern.
CJ
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by spotdespot » Thu Mar 07, 2013 6:51 pm
Captain Jack wrote:Yeah...that's what I would be looking for. Pay attention to how the pins form on top
and bottom. Some pairs have their own quirks, which pin tends to be the long, which is the short, are they
even....things like that. I think you will see differences across the pairs. Some pairs with high spread have
crappy pins. You can always look at the chart on different time frames, longer compresses the data, shorter
expands it. Sometimes what you don't see on 1 time frame, will show on a different one.
John
Thanks for the feedback - appreciate it. Also interesting about the time of day - not something I considered before
(beyond are we near London or NY open).
Made some pips on this as I couldn't resist but got out too early - confidence will build. AUDCHF similar but no
surprise there.
Cheers,
Dave.
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Gertje wrote:When to close your 'anchor-trade'?

Reversed RR-track?
Where do you add trades?

Specific distance between?
[Mid]Pivots like 10.4?
I have no hard rules Gertje....it depends on each trade, how much profit is involved, what type of retrace is coming up,
location in a pattern....lots of different variables. Sometimes I go the distance with them like this EURNZD trade.....
Adding trades are the same. Sometimes I will close a trade in profit and enter a new one at the current price if I'm
building equity or short on margin. I will post some old charts of live trades I have taken as I used to post a lot of them
as I made them.
You could adapt this to the 10.4 system and the pins would work well there, giving you early entry instead waiting a level
or so. With a larger entry order at the same risk, using a smaller SL, your 1st level trade R:R ratios will sky rocket.
Many trades only go one level or so and this can make a big difference in profit attained.
John
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Captain Jack wrote:
ewinner wrote:Hi Mike, how about this one?
Mark
ej.gif
Looks like a 3 push high....sell it here as it's pinning
CJ
Took the SL off here for now as price will pin higher during the stop hunt at the top of the 2nd D1 candle. Will close out
this trade when in profit and wait for higher high
CJ
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by ewinner » Thu Mar 07, 2013 7:13 pm
Hi CJ
I quite agree, it was a big enough move today, needs a bit of wiggle room The USDJPY looks pretty toppy too..
i really like this approach, thanks for sharing
Mark
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by Aus67 » Thu Mar 07, 2013 7:33 pm
mjws00 wrote:The swiss bankers are so beautiful it makes me want to cry. I am in love. Here is why.
Mike
Love your work Mike!
Cruel isn't it!

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spotdespot wrote:
Captain Jack wrote:Yeah...that's what I would be looking for. Pay attention to how the pins
form on top and bottom. Some pairs have their own quirks, which pin tends to be the long,
which is the short, are they even....things like that. I think you will see differences across the
pairs. Some pairs with high spread have crappy pins. You can always look at the chart on
different time frames, longer compresses the data, shorter expands it. Sometimes what you
don't see on 1 time frame, will show on a different one.
John
Thanks for the feedback - appreciate it. Also interesting about the time of day - not something I considered
before (beyond are we near London or NY open).
Made some pips on this as I couldn't resist but got out too early - confidence will build. AUDCHF similar
but no surprise there.
Cheers,
Dave.
Yes, it's not just the sessions. Bob mentions how trades are slow on Monday and Tuesday, Wednesdays are for mid
week reversals and action picks up on Thursday and Friday. Best time for the moves are end of day, week month, or
season, 1st half NY and 1hr before Frankfort, into the London session about 1/2 way or so.
Asian session is when they set the range, new HOD and new LOD.... and then the games begin later....
John
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allisonmagic wrote:why is it.. when your trading a demo, you win and win and win.. soon as you go live,
you get screwed and lose your entire account ? this is why i never practice a demo. live results are more
accurate
You orders are not routed anywhere, they stay on the demo server for one thing...but it's that the way they designed it?
CJ
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ewinner wrote:Hi CJ
I quite agree, it was a big enough move today, needs a bit of wiggle room The USDJPY looks pretty
toppy too..
i really like this approach, thanks for sharing
Mark
There was alot of movement into the close today....all over.
John
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by Aus67 » Thu Mar 07, 2013 7:57 pm
Oh Dear
Looks like the brokers know when one is trading to CJ's method....I have to say that I have not had this occur on this
supposedly reputable aussie broker!
I am sure there is a reasonable reason this happened
euroYen 15m demo account
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by Jason » Thu Mar 07, 2013 7:58 pm
Hi CJ. I was in the EURJPY, curious what the GDP final would do to it. All the EURs I am in seemed to go up just
before the GDP release. If it were a preliminary quarterly GDP, would you have stayed out until afterward?
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Aus67 wrote:Oh Dear
Looks like the brokers know when one is trading to CJ's method....I have to say that I have not had this
occur on this supposedly reputable aussie broker!
I am sure there is a reasonable reason this happened
euroYen 15m demo account

requote.JPG
They don't want you stepping on their tail!
CJ
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by hannele » Thu Mar 07, 2013 8:11 pm
Hey Aus67,
who is your broker ?
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The patterns remain the same across all time frames.....EURGBP M1
CJ
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by mjws00 » Thu Mar 07, 2013 8:52 pm
I see bulls getting rounded up for slaughter, and general unkindness towards bears wanting a breakout. How many more
spikes till they drop the hammer?
Mike
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by Aus67 » Thu Mar 07, 2013 8:53 pm
Ah I will put it out there, ...maybe too optimistic to the second short under the round number...will see I guess.
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by Aus67 » Thu Mar 07, 2013 11:07 pm
Aus67 wrote:Ah I will put it out there, ...maybe too optimistic to the second short under the round
number...will see I guess.
EURJPY.JPG
Fail!
oh well, got some homework to do!
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by mjws00 » Thu Mar 07, 2013 11:51 pm
I took this one for fun when the 4hr pin was setting up. I have been waiting to get out at BE and ride the next move
down as per CJ's advice. My entry is terrible. Just an afterthought to learn with entered from my phone. It is teaching me
That pin and your post had me smilin for a second. They started trapping bears shortly after that pin. Price never
returned to give them a chance. There is a nice zone coming up where we could turn. Maybe below 125.00, maybe with
a burst to stick bulls on a false breakout above 125.22. Heck they could line something up with the daily. At that point
they will have tortured me sufficiently to teach me a lesson.
The truth remains that there are many weak bulls who haven't had their resolve tested yet. The fox is coming for them. It
just needs to burn us dumbasses who took it short early first. I'm playing this loose and small. And I ain't posting a loss
to screw up my perfect week.
I'll take posting a green arrow over a trade with a poor ill thought out entry every time. Fact remains I would have taken
that pin all day long. It was placed there to suck us in. The fox knows we are stuck there. I should have stuck with my
first notion of lack of knowledge of the fox's intent here, and waited for further confluence and direction. These foxy
bastards are good teachers.
Someone will steal from these weak bull mofos, just a matter of time. Couldn't pay me to get long here beyond a scalp,
so I will take my beating like a man. They can move this one back in a blink during franky or London. But we could stall
through NFP or they could use that to put the serious pressure on the stuck shorts. But it seems unlikely. Asia will run it
down to the 60's but leave us pinbar pricks stuck until Franky or London set a direction.
Good one to learn from regardless. I'm doin homework as well, but here I am waiting.
Mike
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by Captain Jack » Fri Mar 08, 2013 12:57 am
mjws00 wrote:I took this one for fun when the 4hr pin was setting up. I have been waiting to get out at BE
and ride the next move down as per CJ's advice. My entry is terrible. Just an afterthought to learn with
entered from my phone. It is teaching me
That pin and your post had me smilin for a second. They started trapping bears shortly after that pin. Price
never returned to give them a chance. There is a nice zone coming up where we could turn. Maybe below
125.00, maybe with a burst to stick bulls on a false breakout above 125.22. Heck they could line
something up with the daily. At that point they will have tortured me sufficiently to teach me a lesson.
The truth remains that there are many weak bulls who haven't had their resolve tested yet. The fox is
coming for them. It just needs to burn us dumbasses who took it short early first. I'm playing this loose and
small. And I ain't posting a loss to screw up my perfect week.
I'll take posting a green arrow over a trade with a poor ill thought out entry every time. Fact remains I
would have taken that pin all day long. It was placed there to suck us in. The fox knows we are stuck
there. I should have stuck with my first notion of lack of knowledge of the fox's intent here, and waited for
further confluence and direction. These foxy bastards are good teachers.
Someone will steal from these weak bull mofos, just a matter of time. Couldn't pay me to get long here
beyond a scalp, so I will take my beating like a man. They can move this one back in a blink during franky
or London. But we could stall through NFP or they could use that to put the serious pressure on the stuck
shorts. But it seems unlikely. Asia will run it down to the 60's but leave us pinbar pricks stuck until Franky
or London set a direction.
Good one to learn from regardless. I'm doin homework as well, but here I am waiting.
Mike
Not good idea to enter trades in the gap between NY and Asian session or during the Asian session. They use the Asian
session to establish the new High and Low of the day - HOD/LOD... Price is kept in a narrow range, 25-50 pips most
of the time. It varies with each pair. Spreads widen and if you enter a trade here, you already stuck. Towards the end of
the session, price will move 25-50 pips above or below the HOD/LOD during the stop hunt. This stop hunt forms
certain patterns, like "M" an "W"'s or "Railroad tracks" - RRT. RRT's are actually compressed "M" and "W" candle
patterns and should be entered on the 2nd leg or second candle of the RRT. That's why I lifted my stop as the HOD
hasn't been established yet.
Best thing to do is watch price on the 15M time frame...like what's happening on EURGBP now.... heating up a bit....
If you can, demo trade the EURGBP on the 5M time frame over the next few hours...watch what they do and how you
trade based on their actions....good practice cause you're gonna see these moves across all time frames.
CJ
CJ
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by mjws00 » Fri Mar 08, 2013 1:27 am
LOL. Yeah. It was a complete rookie error. Told ewinner I would wait. Second guessed when you showed that pretty
little 3 push into the pinbar forming. (Error). It set up pretty enough, I would still be short (Just another trade).... the
difference is I would have taken a BE+ stop instead of sitting around with my thumb up my butt. Thought I would be out
at BE+ with ya, but it never got there.
Dumb move, sized appropriately small. It will give me a reason to stay up and study tonight. Should have been on demo,
but I learn better with skin in the game. Even if it's small.
Do you find the "Asian consolidation" theory still to be valid? It seems with Yen and commodity currencies moving that I
see a lot of movement these days during asia. Very few fake, and break opposite days. If it is still legit, I'll watch it more.
Market making remains constant.
Mike
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mjws00 wrote:LOL. Yeah. It was a complete rookie error. Told ewinner I would wait. Second guessed
when you showed that pretty little 3 push into the pinbar forming. (Error). It set up pretty enough, I would
still be short (Just another trade).... the difference is I would have taken a BE+ stop instead of sitting
around with my thumb up my butt. Thought I would be out at BE+ with ya, but it never got there.
Dumb move, sized appropriately small. It will give me a reason to stay up and study tonight. Should have
been on demo, but I learn better with skin in the game. Even if it's small.
Do you find the "Asian consolidation" theory still to be valid? It seems with Yen and commodity currencies
moving that I see a lot of movement these days during asia. Very few fake, and break opposite days. If it is
still legit, I'll watch it more. Market making remains constant.
Mike
My bad on the early entry but I did say the 2nd D1 bar would pin higher during the stop hunt...
Lesson's being given on the 5M EURGBP right now...worth a watch...learn it and you can scalp hell here! LOL
CJ
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EURJPY just broke lower.....watch it on the 5M for a lesson!
CJ
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by Aus67 » Fri Mar 08, 2013 1:53 am
Captain Jack wrote:EURJPY just broke lower.....watch it on the 5M for a lesson!
CJ
That is a tight range!
I am guessing to wait for a break lower or higher to hit stops and load the opposite positions.
Then look for a reversal and play the increasing stop hunts?
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by mjws00 » Fri Mar 08, 2013 1:59 am
I seriously don't know how you can look at a standard chart, or system CJ. When this idea starts to resonate.... bloody
hell does it make a mess.
I'm not much of an indicator guy. If it lags I hate it. But have had good success with the fundamentals of supply and
demand and basic trendlines. The mind blowing bit is watching how the foxes trap there, and seeing intent. I could plan
for a fake or stop run, and often join in. But the precision and execution when you start to look closely from the darkside
is crazy. The why behind the structures pops.
It will be interesting to see how many can come to grips with this modality. It is the first concept I've seen that I don't
know if I'd teach. Mauro only scratches the surface, imho. That gut feeling when you start to connect with intent is scary.
Your time is invaluable, CJ.
Thanks.
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by Aus67 » Fri Mar 08, 2013 2:04 am
mjws00 wrote:I seriously don't know how you can look at a standard chart, or system CJ. When this idea
starts to resonate.... bloody hell does it make a mess.
I'm not much of an indicator guy. If it lags I hate it. But have had good success with the fundamentals of
supply and demand and basic trendlines. The mind blowing bit is watching how the foxes trap there, and
seeing intent. I could plan for a fake or stop run, and often join in. But the precision and execution when
you start to look closely from the darkside is crazy. The why behind the structures pops.
It will be interesting to see how many can come to grips with this modality. It is the first concept I've seen
that I don't know if I'd teach. Mauro only scratches the surface, imho. That gut feeling when you start to
connect with intent is scary.
Thanks.
Yes well said Mike!...probably the most intense few days I have had.
My head is all over the place, much of it on the floor...once you see where the fox waits it thows all else learnt in the
corner!!
Priceless!
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mjws00 wrote:I seriously don't know how you can look at a standard chart, or system CJ. When this idea
starts to resonate.... bloody hell does it make a mess.
I'm not much of an indicator guy. If it lags I hate it. But have had good success with the fundamentals of
supply and demand and basic trendlines. The mind blowing bit is watching how the foxes trap there, and
seeing intent. I could plan for a fake or stop run, and often join in. But the precision and execution when
you start to look closely from the darkside is crazy. The why behind the structures pops.
It will be interesting to see how many can come to grips with this modality. It is the first concept I've seen
that I don't know if I'd teach. Mauro only scratches the surface, imho. That gut feeling when you start to
connect with intent is scary.
Thanks.
Intent is always to stick hand in your pocket and relieve you of cash!
Sneaky bastards aren't they? Watch the drop come on the EURGBP....
Understand that time is expanded here....this takes place on the 15M, 30M, 1H in the same manner, only slower....
CJ
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Aus67 wrote:
Captain Jack wrote:EURJPY just broke lower.....watch it on the 5M for a lesson!
CJ
That is a tight range!
I am guessing to wait for a break lower or higher to hit stops and load the opposite positions.
Then look for a reversal and play the increasing stop hunts?
It's just starting, you will have to watch it into the London open...the moves starts with a bump or drop out of
range...stop hunt happens about 25-50 pips above or below range.
CJ
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by mjws00 » Fri Mar 08, 2013 2:54 am
Funny how you start to adapt in time. I've been fading that fake with Franky or London for a long time. Fading that first
leg of with them on M or W, or skipping the first and joining the second leg for a long time. When I screw up just sell
both legs with them and don't panic in the middle.
Selling a retest of supply. Skips the fake and gets you reasonably aligned with these guys. Since they are often using
pivots, session high lows, etc for easy manipulation ... it worked pretty well. I've seen talent crush it in realtime using that
methodology. But reading the carnage, and learning to see where the souls are being trapped and crushed, brings a new
dimension too it. It is so much more powerful, just highlights so vividly the fear and greed that drives this.
I know I'll have pretty carcasses to look at post NFP. Almost can't wait for the charts
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mjws00 wrote:Funny how you start to adapt in time. I've been fading that fake with Franky or London for
a long time. Fading that first leg of with them on M or W, or skipping the first and joining the second leg for
a long time. When I screw up just sell both legs with them and don't panic in the middle.
Selling a retest of supply. Skips the fake and gets you reasonably aligned with these guys. Since they are
often using pivots, session high lows, etc for easy manipulation ... it worked pretty well. I've seen talent
crush it in realtime using that methodology. But reading the carnage, and learning to see where the souls are
being trapped and crushed, brings a new dimension too it. It is so much more powerful, just highlights so
vividly the fear and greed that drives this.
I know I'll have pretty carcasses to look at post NFP. Almost can't wait for the charts
NFP doesn't move the price...it's just an excuse for them as they cover their ass when they gut and run....
CJ
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by eltax100 » Fri Mar 08, 2013 4:04 am
could this be a potential setup forming ?? long shorts trapped in the formation ?
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by mjws00 » Fri Mar 08, 2013 5:19 am
Here is my take on it Eltax. 4Hr a little rangey with few useful points for me so dropped to 1H. When they trap both
sides... I'm waiting for them to show their hand. This is no man's land, maybe a coin flip.
I'd just watch this one until I saw them making a move vs trying to predict. It will come.
Mike
Not real clear, they are trapping both.
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by erikskenne » Fri Mar 08, 2013 5:53 am
mjws00 this is far beyond my knowledge but happy to be here and trying to learn, I must have missed something I don't
know what RRT stands for can you explain, thanks in advance
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by mjws00 » Fri Mar 08, 2013 5:58 am
RRT is a railroad track. A reversal pattern.
I'm no expert. Just a guy dumb enough to put a thought or two up and have them corrected if they are wacked out.
Captain Jack will pop in with true insight along the way. If I can lighten his load at all I will. Helps my understanding to try
and explain clearly.
Mike
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by pips400 » Fri Mar 08, 2013 6:05 am
mjws00 wrote:Here is my take on it Eltax. 4Hr a little rangey with few useful points for me so dropped to
1H. When they trap both sides... I'm waiting for them to show their hand. This is no man's land, maybe a
coin flip.
I'd just watch this one until I saw them making a move vs trying to predict. It will come.
Mike
Hi Mike
Fascinating discussion, and like others, my brain is getting frazzled here, but I want to hang in there, and get to
understand the nuggets of experience and insight from master trader CJ.
A key question here is "What do you see?" I guess that's pretty much one of the most important criteria for any trader to
have the ability to read charts/price and see what's happening. I'm still locked in to the trader side of the glass at the
moment. The following picture shows what I mean. It's the image you kindly analysed, but my brain is wired to see
trendlines and trade either the break or the pullback/rallies. I've marked up your image with what I see as a standard
retail trader, and I can see plenty of opportunities to profit just trading the trend.
I really want to reach a higher perspective, but on the other hand I don't want to throw the baby out with the bath water.
BTW I really enjoy your posts, thanks for being so transparent, we're learning from your journey.
Mike

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Thanks for that comment Mike, yes my mind is also a little pan-fried !, still I have found more ways to consistently blow
demo accounts with every indicator going. I am also keen to benefit from CJ
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by mjws00 » Fri Mar 08, 2013 7:05 am
Pips400, we could probably find a MA crossover that almost matches those trendline entry points. We know that will
get killed in chop or rangey markets. Trendlines have survived decades so I wouldn't throw them out. They don't lag,
and they help the eye make some distinctions. The challenge is drawing them in a meaningful way as they are so
subjective.
So the fox is looking to attract us there, get us selling/buying and then take our stop. He knows where we'll be, he knows
which way we'll be biased, he can play perfectly against us there. That is the danger I am beginning to understand. He
has every tool to see where you will enter on that red line and run it against you at that point to force an error.
CJ has pure raw skill and talent to see which turns are meaningful and will hold, as well as where the market maker will
head based on what it must do to make a profit. Because he knows what the fox must do to make the kill.
With the straight up trendlines like that, How do we stay short or long? In real time, why can't they spike up through
them and stop us out? We also give up 2/3 of the move to the guy that can get in on that pinbar, and knows which one is
meaningful. Everyone is drawing lines and seems to be losing. At the very least not winning like the captain or able to
push edges like he can.
LOL. I'm sure CJ has the perfect concise answer. The first tech chart I put up was similar, and frankly I've been batting
23/25 with 3:1 RR and over 2000 pips with my twist on 10.4. I'll throw the list up again at the end of the week) But I
can't push edges as hard. I have to plan for them (MM) to work against me. I have to protect profits. My entries aren't
as clean (but they are good).
Something that allows the compounding and confidence to trade like the Captain is pure inspiration to me. No gimmicks,
no laggy BS, just logic and price. He is hard core, Mauro and others will throw an indicator or two up to help newbs get
their bearings.
It is also a complete and utter brain melting experience which does me good every once and a while. Learning is the best
part of the game. (money is ok too.)
Mike
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by mjws00 » Fri Mar 08, 2013 7:16 am
CJ I sure hope that was the stop hunt on EURJPY. I'm counting 3 legs, hoping for a RRT here. Don't fail me now you
foxy bastards.
Mike.
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Hi Mike 3 legs?
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by Geges » Fri Mar 08, 2013 7:50 am
Hello Captain Jack,
Thanks for this GREAT Thread.
A few hours ago I went short on the EG per your suggestion and awoke to see it had nicely
moved in the desired direction and is doing a retrace at the moment. So I'm thinking HOW ??
does CJ KNOW this stuff ?....WHAT does he see? Believe me I read and reread each post to
try to make something sink in...so I went to the chart to look for a H, HH, LH pattern you
taught in the BARF thread and BINGO the lightbulb went on (flickering lol)...when I suddenly
saw a somewhat repeating pattern on the attached chart...frankly it gave me a spinal shiver
and also a sense of empowerment as I might just be able to figure this out after all with a
little guidance. I know that you have emphasized the price action activity (patterns) repeat
over and over on all time frames down to the tick level...try as I may I couldn't see that...but
I may be starting to at least at the macro level. I don't understand the WHY/WHEN (intent)
correlation yet but I'm aware of it now...next week more aware. So in the attached chart are
the highlighted areas what you mean when your talking about HOW the price action patterns
repeat ?
Also thank you Mike for your great effort and participation. You and Captain Jack are opening
many eyes to what is really going on out there.
Geges
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by mjws00 » Fri Mar 08, 2013 8:00 am
eltax100 wrote:Hi Mike 3 legs?
Looks like this. Though a bit muddled here. 3 legs happens a lot. Often they are pretty. But there is a chance the fox is
starting to hit the brakes throw up a Pin or an M and start hunting bulls.
Not elliot based, just straight up manipulation by market makers.
Mike
legs
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by spotdespot » Fri Mar 08, 2013 8:14 am
I'm a bit like pips400 - still looking through a dirty screen. I keep thinking I am grasping bits of it but I am struggling to
separate what I am seeing from other explanations for the actions. For example I have been looking at WMD's stuff on
FF - Trading With Deadly Accuracy I think it's called. It's naked trading so hopefully not too far off target for the thread.
I keep seeing his "hook" structure retests of "breakout" areas everywhere - and the reasoning for the retests is different
from CJ's for example but the result is the same.
Also re. trendlines - I think they can be very useful. Again the above thread opened my eyes a little as once you move
away from the rigid preconceptions of how trendlines should be drawn you can start making some interesting
discoveries. For example - the trendlines drawn below I would not have drawn previously but I have quite a bit of faith
in them in that there will be some reaction. These particular trendlines were drawn on the weekly chart from around
October 2011 - yet look at the reaction to them now on an H4 chart. In my mind I would be looking for confluence of
trendlines/S/R/Sup/Dem for potential reversal points but I would like to tie them in with CJ's ideas if I could get my head
around them then maybe, in time, move on to the other side of the glass and get rid of all the "noise"
EDIT: Just seen posts since I started writing this. Mike - what is an "M"? I know an M as simply price following that
shape but you referred to a double M with a higher high that I couldn't see for the life of me and I certainly struggle to
see how we predict one on the EJ M15 chart?
Cheers,
Dave.
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by pips400 » Fri Mar 08, 2013 9:20 am
Okay, the answer to this question may help me process what's being taught here.
Part of my confusion is how bulls and bears and pulled into the abattoir for the kill. I am probably totally wrong here, but
I'm reading here that bulls are captured when prices reaches a certain high, and bears caught when price drops to a
certain level. In my limited understanding, doesn't it depend upon whether the trader is aggressive or conservative? For
instance, I personally wouldn't trade long when price reaches a certain high, rather I'd wait for the breakout, price to test
the new support level before moving higher still. On confirmation price bouncing from the new support (previous
resistance) would be the ideal entry, and in this case wouldn't get caught by the fox - or is that what I'm supposed to
think? without the breakout, aren't we range trading waiting for the reversal RRT or other candle formation (doji's,
pinbar, evening star etc)?
So if the fox is enticing buyers to trade by manipulating price to reach a certain level, then IMHO I would expect both
buyers and sellers to enter at the same point, so in the case the conservative trader (i.e. the one who waits for
confirmation) would win or at least not enter into the trade, the aggressive trader would get caught and then stopped out,
and the range trader would benefit because they were operating within the band and not outside.
Help anyone? I'm still confused
Pips400
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eltax100 wrote:could this be a potential setup forming ?? long shorts trapped in the formation ?
Yes, both are trapped in the wedge. If more longs are trapped, price will drop, if more shorts are trapped, price will rise.
Games will be played before it's resolved to try and get as many traders out of their positions, on the side that price
favors.
CJ
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by BritShrtHair » Fri Mar 08, 2013 9:42 am
think we just saw the pin on EURJPY ?
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by Geges » Fri Mar 08, 2013 9:57 am
BritShrtHair wrote:think we just saw the pin on EURJPY ?
I'm loving this
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Geges wrote:
I'm loving this
Me too! Thank you CJ.
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by mjws00 » Fri Mar 08, 2013 10:57 am
EURJPY has played out a little more. Here is a pretty picture.
Busy Fox while I slept
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by mjws00 » Fri Mar 08, 2013 11:58 am
Remember the swiss whom I love? Here is how their stress free trade worked out based on my rookie fox analysis. 9
pips drawdown (late NY isn't a great time to place trades.) We printed a perfect M up top to get out. A Pro like CJ
could sell the top of that second pin in his sleep I bet. One day perhaps.
Now for the ironic twist Only demo trade I took all week. LOL didn't trust rookie foxy glasses.
Who cares. I still love these swiss folks. They do fine fine work.
Mike
Still love the Swiss.
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by pips400 » Fri Mar 08, 2013 12:38 pm
I post again in danger of being a nuisance, but please be patient with me, the questions I'm raising aren't because I want
to be difficult but 1) because others may be thinking the same as I am and 2) I really do want to learn what's being taught
here. So on that disclaimer my next question is about Railroad Tracks. I know what they are in the normal meaning of
the word, basically an opposite and roughly similar pair of candles next to each other. But what I find difficult is for a
RRT to be identified as the second candle is forming. Surely it can't be a RRT until after the candle close? What would
be really helpful is a bit more of a breakdown on this aspect as it seems central to the whole strategy. Thanks to CJ and
Mike for your efforts on this.
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by Captain Jack » Fri Mar 08, 2013 1:41 pm
Sorry for the lack of posts today...I'm working at skinning a few pelts!
CJ
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by mjws00 » Fri Mar 08, 2013 1:49 pm
Finally in profit and freefall on my EURJPY screw up. What other pair can you blow an entry by 170 pips and still make
a killing. Now CJ has to show us the magic add ons He has to be in around 125.90 with an add on or 2 by now.
That one could have bit me, cause I got stubborn with it. I actually wasn't uncomfortable as I could see the fox at work
up top.
It lines up nicely with higher timeframe potential. So I might hold. I'm sure foxy will test me soon.
Pips400 I got no easy answer, my solution is a million bars in the sim, looking at how and where the pattern is best
formed. I am a few hundred thousand bars short of this wisdom, but it is coming quickly.
CJ has some tricks I'm sure, but don't know how much is feel and experience.
Mike
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pips400 wrote:I post again in danger of being a nuisance, but please be patient with me, the questions I'm
raising aren't because I want to be difficult but 1) because others may be thinking the same as I am and 2) I
really do want to learn what's being taught here. So on that disclaimer my next question is about Railroad
Tracks. I know what they are in the normal meaning of the word, basically an opposite and roughly similar
pair of candles next to each other. But what I find difficult is for a RRT to be identified as the second candle
is forming. Surely it can't be a RRT until after the candle close? What would be really helpful is a bit more
of a breakdown on this aspect as it seems central to the whole strategy. Thanks to CJ and Mike for your
efforts on this.
There's no problem with 1 or a hundred questions...they are never a nuisance.
RRT's and delayed RRT's are nothing more than an "M" or "W" formation on a lower time frame. If you trade the 4H
time frame, look at past RRT formations on the 4H chart, then drop down a level or 2 in time frames and look at what
the RRT candle pattern contains. The pin area will always form first because this is where the fox wants to stick the
order holders. In the pin, going the wrong way.
The 2nd candle forms when the 2nd leg of the "M" or "W" pattern forms on the lower time frame. This is where you get
the clue to enter. At the extreme of the 2nd leg.
More later....
CJ
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Geges wrote:
I'm loving this
Some things never go out of style!
CJ
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by sat79 » Fri Mar 08, 2013 3:43 pm
I have been big fan of FPS games in past. Okay still am, but haven't play them in few years cause don't have so much
time...
There is allways some people who have allready play that game and write down how it can be played.
So if you have some hard part in game and you just cannot figure out what have to do next, you can just google
walktrough for that game and voila...
I think there is many, many people out there who may have some problems with this game called "Fox Hunter Pro"
Captain, can you give walktrough for us???

Give us some example trade, what exactly is going in your head? What is your prosses when you are scanning charts?
First I think that you have to look sup/dem zones where is bossible coming next batle between bulls n bears, but what is
happening after that??? You drop in lower timeframes to watch the fight, like people do in colosseum in past??
I willing to help you little bit with you story. Okay I start, you can continue...
1. I wake up
2. I go make some coffee
3. Same time when coffeemaker is doing it's thing I take dog to pee and go get newspaper.
4. I take cup of coffee with me and go take a look of charts.

...
126. I take few trades and start reading newspaper what I get earlier.
...
486. I stop reading news paper and take a look of charts again.
...
788. I finish my dinner and take dog out.
789. I go to computer, bank millions what I have make today.
790. I go to sleep early cause tomorrow have to go pick up my new ferrari.
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by Jason » Fri Mar 08, 2013 4:36 pm
I actually made pips on 4/5 EUR pairs, but I didn't have a SL. If we just traded RRTs, is it possible to be highly
profitable without an initial SL? Won't the price always reverse at certain points (although it may go further like the
EURJPY before the NFP)?
Jason
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by hannele » Fri Mar 08, 2013 7:24 pm
Hey sat79,
We must be twins since that is what I have been doing last five years... still don't have ferrari thou... bit of bugger and I
am couple $$$$$ lighter on the bank account, flaming fox has tried to wipe me out all these years. One good thing, dog
is doing well and getting the daily walks
I am anticipating CJ to fill in the blanks so I can finally go and pick up my ferrari.
Cheers,
Hannele
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This is going to be hard but I'll give it a try...I'm going to interject my schedule into yours for comparison - Here goes!
sat79 wrote:1. I wake up
CJ-#1 No need to wake up as I don't sleep - eliminate #1, more time for charts
2. I go make some coffee
CJ-#2 Making coffee takes time from charts - use meth or better yet bath salts as they are cheaper and
offer other benefits - see below
3. Same time when coffeemaker is doing it's thing I take dog to pee and go get newspaper.
CJ-#3 No need for coffeemaker, have bath salts - On bath salts, dog is breakfast - no more pee breaks,
more time for charts. Newspaper subscription has been canceled
4. I take cup of coffee with me and go take a look of charts.
CJ-#4 I look at charts, using both hands since there is no longer a coffee cup to hold
...
126. I take few trades and start reading newspaper what I get earlier.
CJ-#5 I take a few hundred trades
486. I stop reading news paper and take a look of charts again.
CJ-#486 I look at charts, refer to CJ-#3

...
788. I finish my dinner and take dog out.
CJ-#788 Just whistle, dinner comes running - bath salts - remember
789. I go to computer, bank millions what I have make today.
CJ-#789 CONFIDENTIAL - TOP SECRET
790. I go to sleep early cause tomorrow have to go pick up my new ferrari.
CJ-#790 does not exist - sleep eliminated - save Ferrari money for margin call
Substitute following line for each and every number not specifically addressed above:
CJ-#xxx Spend time looking at charts
There, that should work!

CJ
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hannele wrote:Hey sat79,
We must be twins since that is what I have been doing last five years... still don't have ferrari thou... bit of
bugger and I am couple $$$$$ lighter on the bank account, flaming fox has tried to wipe me out all these
years. One good thing, dog is doing well and getting the daily walks
Cheers,
Hannele
By now, you have read my reply. Let me know how well it works for you. Should trading profits increase, send 33% to
this account TheFoxHunter@Nopaypal.com
CJ
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Jason wrote:I actually made pips on 4/5 EUR pairs, but I didn't have a SL. If we just traded RRTs, is it
possible to be highly profitable without an initial SL? Won't the price always reverse at certain points
(although it may go further like the EURJPY before the NFP)?
Yes, BUT depends on your discipline, account size, trading habits, emotional state, greed level, fear level, pain level and
your "Plan B"....
You should research "M" and "W" patterns so you understand what comprises a RRT or delayed RRT (DRRT), and the
methods to trade them.
Nice going on the trades.
CJ
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All indicators are still lagging price and will always be behind. There is nothing that can predict the future
path of price. But if there was, it might look something like this....
CJ
The fox isn't the only predator in the forex forest....
CJ
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by Captain Jack » Sat Mar 09, 2013 12:04 am
eltax100 wrote:Hi Mike 3 legs?
Did you see the "M" and "W"'s? This is a H4 chart....look at it on a D1 or weekly
CJ
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Geges wrote:
I'm loving this
I'm loving this! Like that song you can't get out of your head.....
If it goes down like this, an "M" will form if they didn't trap enough longs....
If they got what they wanted at the top, the the "W" brings them down....where they will collect shorts at the bottom and
run another leg up....
I can see this walking down the line to the 112.50 - 113.50 area, then a run to higher highs...140's at some time
maybe....months away or years maybe for those 140's
CJ
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by Jason » Sat Mar 09, 2013 1:27 am
Captain Jack wrote:

Jason wrote:I actually made pips on 4/5 EUR pairs, but I didn't have a SL. If we just traded
RRTs, is it possible to be highly profitable without an initial SL? Won't the price always
reverse at certain points (although it may go further like the EURJPY before the NFP)?
Yes, BUT depends on your discipline, account size, trading habits, emotional state, greed level, fear level,
pain level and your "Plan B"....
You should research "M" and "W" patterns so you understand what comprises a RRT or delayed RRT
(DRRT), and the methods to trade them.
Nice going on the trades.
CJ
Thanks
BTW, I know you are highly experienced, but very very few are able to obtain your trading results. Do people in your
life consider you to have a gifted level IQ/intelligence? If yes, I will adjust expectations for myself accordingly
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by 4thWavE » Sat Mar 09, 2013 2:15 am
Good Morning Capn...is there ANY chance we could have a few of your "Dog" diary notifications...everyone on this
forum from Steve downwards - ( which is where one will find me probably) - is seriously committed to trading and
helping but my guess is that Mr Hopwood would be quite happy accepting the occasional lapse...just a thought.
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by sat79 » Sat Mar 09, 2013 2:27 am
We must be twins since that is what I have been doing last five years... still don't have ferrari thou... bit of
bugger and I am couple $$$$$ lighter on the bank account, flaming fox has tried to wipe me out all these
years. One good thing, dog is doing well and getting the daily walks
Cheers,
Hannele
But now you know why you don't have that ferrari. Bath salts seems to be answer for money problems.
Personal question (If too personal, don't need to answer)

Where are you from?
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by sat79 » Sat Mar 09, 2013 2:55 am
Captain Jack wrote:
We must be twins since that is what I have been doing last five years... still don't have ferrari
thou... bit of bugger and I am couple $$$$$ lighter on the bank account, flaming fox has tried
to wipe me out all these years. One good thing, dog is doing well and getting the daily walks
Cheers,
Hannele
By now, you have read my reply. Let me know how well it works for you. Should trading profits increase,
send 33% to this account TheFoxHunter@Nopaypal.com
CJ
I think that Captain's don't need to trade him self much more longer.
I volunteer to join your turtle club captain. If your answer makes my monthly 3% to grow at 300%, I'm ready to send
33% of that extra 297% to your bank account any time.
I will setup demo for hunting fox, practise 2 or 3 weeks, then I think that I'm ready to sell my house and car, and start to
make some serious money.
So if my calculations are correct, by 2 months I will be able to send abou 300000$ to you, captain. And this will multiple
by 2 in every monh after that.
Because now is saturday and market is closed I have time to go buy some bath salts...
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by mjws00 » Sat Mar 09, 2013 4:56 pm
LOL. I'll just sit in the corner with green tea and charts. And a wall full of monitors for those foxy bastards to stare at
me through. Thanks for the laugh.
In time I hope to fall asleep, drooling on my laptop. Right now I just want to snap on the scope and kill these critters. I
gotta say I'm not really sure I love the aggression this brings out. I'm mellow, but watching these sly suckers kill
everything that moves... jacks me right up. Seriously stupid perma-grin. Just need my balls to drop now so I can trade
like the king.
Mike
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by Jason » Sat Mar 09, 2013 5:34 pm
mjws00 wrote:LOL. I'll just sit in the corner with green tea and charts. And a wall full of monitors for
those foxy bastards to stare at me through. Thanks for the laugh.
In time I hope to fall asleep, drooling on my laptop. Right now I just want to snap on the scope and kill
these critters. I gotta say I'm not really sure I love the aggression this brings out. I'm mellow, but watching
these sly suckers kill everything that moves... jacks me right up. Seriously stupid perma-grin. Just need my
balls to drop now so I can trade like the king.
Mike
I'm sure stop hunting happens, but how can we be sure it's always deliberate stop hunting that's happening? I mean, it
would take tons and tons and tons, etc, of money to move the market so much. The patterns also repeat at every time
frame. And wouldn't the richest rich people in the world be stop hunters if they can make money at will like that? Could
it just as easily be the psychology of traders winning and losing, rising and waning supply and demand?
Jason
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by pips400 » Sat Mar 09, 2013 5:47 pm
Jason wrote:
mjws00 wrote:LOL. I'll just sit in the corner with green tea and charts. And a wall full of
monitors for those foxy bastards to stare at me through. Thanks for the laugh.
In time I hope to fall asleep, drooling on my laptop. Right now I just want to snap on the
scope and kill these critters. I gotta say I'm not really sure I love the aggression this brings out.
I'm mellow, but watching these sly suckers kill everything that moves... jacks me right up.
Seriously stupid perma-grin. Just need my balls to drop now so I can trade like the king.
Mike
I'm sure stop hunting happens, but how can we be sure it's always deliberate stop hunting that's happening?
I mean, it would take tons and tons and tons, etc, of money to move the market so much. The patterns also
repeat at every time frame. And wouldn't the richest rich people in the world be stop hunters if they can
make money at will like that? Could it just as easily be the psychology of traders winning and losing, rising
and waning supply and demand?
Hi Jason, I note your comments. For me, whatever way you look at this doesn't matter so much as the bottom line
evidenced by the actual results CJ is achieving. So whether the Fox is there or not the Fox paradigm is clearly working
and working better than anything else I've seen. I just can't get this out of my head. It's like something is staring at me
right in the eyes and I can feel like on the brink of something very big and very significant, if I keep in the hunt I hope my
subconscious mind is gonna figure out how to put it all together and create a new neural pathway that my conscious mind
can understand and trade with.

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by mjws00 » Sat Mar 09, 2013 6:20 pm
Jason wrote:
Mike
Heh. The richest are making money at will like that. They can see our cards, and we aren't even worth watching. But
as an aggregate to screw over, the retail trader is perfect. They are emotional and easily manipulated. If you haven't felt
that fear and greed and had to deal with it... you will when you trade size.
But remember, currency rates DO in fact serve a purpose for trade, and they don't have unlimited assets. If they get out
of line or balance a bigger shark will eat their lunch. Remember, another dealer with the same tools is waiting for a screw
up to pounce. Truth is they are throwing up super simple patterns that just keep working. They don't have to be creative,
they don't have to worry about getting played against by us. Just make the moves... empty the accounts of the suckers.
Seriously they don't even try and be clever. The tracks are subtle, and most will never see them. Thank goodness or the
fox would adapt. It is systematic, it is extremely precise, pure artistry, but any rigged game that uses the same moves
more than once can be exploited.
CJ mentioned early. That once you see it, it cannot be unseen. So true it leaves me wanting to shout from the rooftops,
and do the retarded white-boy happy dance. I don't even need meth to get high right now.
Sorry kids. The darkside calls.
Mike
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by hannele » Sat Mar 09, 2013 6:36 pm
sat79 wrote:
We must be twins since that is what I have been doing last five years... still don't have ferrari
thou... bit of bugger and I am couple $$$$$ lighter on the bank account, flaming fox has tried
to wipe me out all these years. One good thing, dog is doing well and getting the daily walks
Cheers,
Hannele
But now you know why you don't have that ferrari. Bath salts seems to be answer for money problems.
Personal question (If too personal, don't need to answer)

Where are you from?
Hi sat79,
Im from Brisvegas, you know... beautyful one day, perfect the next... for Ferrari that is
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by Captain Jack » Sat Mar 09, 2013 6:50 pm
mjws00 wrote:EURJPY has played out a little more. Here is a pretty picture.
This is a good example of the beginning of a "stop hunt".
The 1st box represents the Asian session and the is when the HOD/LOD is reset. The intent of price here is to drift in a
small range, trapping traders. Price spread will begin to widen and possibly trigger breakout stops. Note the "bump" in
price at the end of the previous NY session. This is designed to trick people into adding to trades, going with current
sentiment (LONG). Price is dropped, trapping those traders.
As the Asian session ends, price begins to move with "false intent", usually in the direction with largest sentiment - trend
biased traders. Once price has moved 25-50 pips beyond the Asian range, the "stop hunt" begins where both bulls and
bears are slaughtered. At the end of the "stop hunt", price will move with intent, in the "true trend" direction, at the
direction of the fox.
I use the term "fox" because it is an animal of intelligence and cunning. It is not the bulls, the bears or even your brokers
who create these manipulated price moves. They are the work of the "market maker" or "dealer", who work for the
banks. It is their job to take money from your pockets. This industry has no regulation, If this type of activity occurred in
Las Vegas, Wall Street or Nasdaq, they would go to prison\ for doing it. Any person who does not recognize these facts
is a fool soon to be parted from their money. Your task is not to profit by trading as you know it, it is to learn their
methods and piggy back their trades. Only by trading in the direction of price, with the intent of the fox will you make
consistent and substantial gains.
You learn by watching these professionals ply their trade, you watch their actions, their every move. You do not watch all
the things that cover their tracks, that is what then want you to do.
If you are dedicated enough to learn these ways, you will be able to trade larger lot sizes, with confidence and make
more in profit from a 20 pip move than a 300 pip move. Your goal is to make money, not pips. I can generate as much
money from 50 pips as 20,000 pips. I have done it to prove the fact. By being selective and taking these types of trades,
your accuracy will skyrocket. Using these methods, I have scalped 127 winners from 132 trades, in a live, verified
account. I have taken 237 winning trades out of 266, on medium duration time spans on another live account. Do I take
large risks in doing so? Some people think so but they compare what I do to their trading style. This is my style and my
risk of ruin is almost non existent.
Can you trade like me and achieve the same results - no. Don't even try it. Can I teach you to trade like me - no again.
You are not me. What you can do is apply what I do to your trading and improve on your methods. Make sure you
trade with the fox. Place your trades with him and not against him. He always wins.
CJ
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mjws00 wrote:LOL. I'll just sit in the corner with green tea and charts. And a wall full of monitors for
those foxy bastards to stare at me through. Thanks for the laugh.
In time I hope to fall asleep, drooling on my laptop. Right now I just want to snap on the scope and kill
these critters. I gotta say I'm not really sure I love the aggression this brings out. I'm mellow, but watching
these sly suckers kill everything that moves... jacks me right up. Seriously stupid perma-grin. Just need my
balls to drop now so I can trade like the king.
Mike
Stir up some old emotions Mike? Especially now that you know what's been going on all this time? Your hate will turn to
love as you see the move coming and add your order to theirs, knowing there is nothing they can do about it.
When you do start tagging along, understand that you will never get in at the top or bottom of one of those price spikes.
When they spike price they also widen the bid ask spread. A spike high will trigger sell stops, but not TP targets or SL.
A spike low will trigger buy stops, but not TP or SL stops. get the point? You never see your order at the top of those
spikes. During the EURGBP stop hunt, I'm trading for 2-7 pips while the spread is eating 5 at times. If the spreads were
not manipulated as they were, my "demo" account would be up over 500% instead if 350%. Part of the game though
and nothing more than the cost of doing business with them.
John
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Jason wrote:
Mike
You have to make up your own mind Jason. I can show you the same pattern, sometimes "dirtied up" a bit, over and
over and it won't make a difference. It happens everyday, on every time frame. Way back in the day, the world was flat.
How could you have been convinced it was round? You draw your own conclusions.
The people who do this, the "market maker and the dealer", all work for the richest "people" in the world. Corporations
called banks. They do make money at will. More than you could imagine. They work together and they work against
each other.
It's the psychology of traders that allow this to happen. It is the dealer who creates the supply and demand areas, to
generate transactions, to move price greater distance, thereby making more money.
Those are my conclusions. You draw your own.
CJ
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by mjws00 » Sat Mar 09, 2013 7:17 pm

Captain Jack wrote:Stir up some old emotions Mike? Especially now that you know what's been going
on all this time? Your hate will turn to love as you see the move coming and add your order to theirs,
knowing there is nothing they can do about it.
John
I was just missing that tiny little sliver. I've even been trading their patterns with them not knowing WTF I was doing.
But, they could round me up every once and a while and flat out trick me. Seriously laughing at myself when I look at my
good trades, and see how close I was. But so wrong on the WHY.
I used to do this to the fish playing poker. Just like these foxes, throw up the same old moves... not even creatively at
low stakes. Just suck em in, force an error, take their money. That I could drool and fall asleep on a laptop over. But the
deck was fair, so it took hundreds of thousands of hands to exploit the edge.
This just turned into that obvious game. I have a thousand more trades to take to ingrain and learn mastery, but that is
easy.
Thanks.
Mike
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Hi CJ,
Could you post many charts as examples please, since I still can not get FXAW site ( waiting for my membership
confirmation). That would keep me busy over the weekend and visual is always easier to crasp and Im keen as mustard
to fully understand this one. If you have time, otherwise I just hang and wait for FXAW.
Cheers,
hannele
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hannele wrote:Hi CJ,
Could you post many charts as examples please, since I still can not get FXAW site ( waiting for my
membership confirmation). That would keep me busy over the weekend and visual is always easier to
crasp and Im keen as mustard to fully understand this one. If you have time, otherwise I just hang and wait
for FXAW.
Cheers,
hannele
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hannele wrote:Hi CJ,
Could you post many charts as examples please, since I still can not get FXAW site ( waiting for my
membership confirmation). That would keep me busy over the weekend and visual is always easier to
crasp and Im keen as mustard to fully understand this one. If you have time, otherwise I just hang and wait
for FXAW.
Cheers,
hannele
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Hi CJ
With a little comment I meant what goes inside your head when you look at it, if you could please (I ask a lot - sorry).
hannele
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hannele wrote:Hi CJ
With a little comment I meant what goes inside your head when you look at it, if you could please (I ask a
lot - sorry).
hannele
It takes a long time to annotate the charts. Refer to the chart posted by Mike, where I have added comments. Those
comments apply to all of the charts I just posted. They are the same....it is for you to find the similarities based on what I
have stated.
What are the phases and where do they occur in each chart, Pick one and begin
CJ
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by Jason » Sat Mar 09, 2013 9:41 pm
Captain Jack wrote:
Jason wrote:
mjws00 wrote:LOL. I'll just sit in the corner with green tea and charts. And
a wall full of monitors for those foxy bastards to stare at me through. Thanks for
the laugh.
In time I hope to fall asleep, drooling on my laptop. Right now I just want to
snap on the scope and kill these critters. I gotta say I'm not really sure I love the
aggression this brings out. I'm mellow, but watching these sly suckers kill
everything that moves... jacks me right up. Seriously stupid perma-grin. Just
need my balls to drop now so I can trade like the king.
Mike
I'm sure stop hunting happens, but how can we be sure it's always deliberate stop hunting
that's happening? I mean, it would take tons and tons and tons, etc, of money to move the
market so much. The patterns also repeat at every time frame. And wouldn't the richest rich
people in the world be stop hunters if they can make money at will like that? Could it just as
easily be the psychology of traders winning and losing, rising and waning supply and demand?
You have to make up your own mind Jason. I can show you the same pattern, sometimes "dirtied up" a bit,
over and over and it won't make a difference. It happens everyday, on every time frame. Way back in the
day, the world was flat. How could you have been convinced it was round? You draw your own
conclusions.
The people who do this, the "market maker and the dealer", all work for the richest "people" in the world.
Corporations called banks. They do make money at will. More than you could imagine. They work
together and they work against each other.
It's the psychology of traders that allow this to happen. It is the dealer who creates the supply and demand
areas, to generate transactions, to move price greater distance, thereby making more money.
Those are my conclusions. You draw your own.
CJ
I don't doubt that stop hunting happens often. I have seen market manipulation all of February and I was right almost
everyday too!
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Jason wrote:
Captain Jack wrote:
Jason wrote:
mjws00 wrote:CJ
I don't doubt that stop hunting happens often. I have seen market manipulation
all of February and I was right almost everyday too!
Stop hunting is just part of it. It's how they build a position, exit a position, get traders out of their positions and change
direction at times.
Price is always moving, up and down. It has to for them to take profits. Price must step back to go forward as well as
step forward to go back. Getting a heads on when they change the trend, and they can change it at anytime is key to
improving trading as well. The candle patterns help to identify these tracks when they leave them. They can try to hide
them with deception, but they can't eliminate them. They are right in front of us but it's up to us to "see" them. Most
people don't because they are looking elsewhere.
CJ
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by xrismak » Sun Mar 10, 2013 1:09 am
Captain Jack wrote:
Jason wrote:
Captain Jack wrote:
Jason wrote:
mjws00 wrote:CJ
I don't doubt that stop hunting happens often. I have seen market
manipulation all of February and I was right almost everyday too!
Stop hunting is just part of it. It's how they build a position, exit a position, get traders out of their positions
and change direction at times.
Price is always moving, up and down. It has to for them to take profits. Price must step back to go forward
as well as step forward to go back. Getting a heads on when they change the trend, and they can change it
at anytime is key to improving trading as well. The candle patterns help to identify these tracks when they
leave them. They can try to hide them with deception, but they can't eliminate them. They are right in front
of us but it's up to us to "see" them. Most people don't because they are looking elsewhere.
CJ
CJ,
was just trying out your Little Snagit Gizmo, I love it.... I am going to try to use it to Draw my Trendlines and Built a few
roof tops, more like learning to BARF my way to loads of Profits, now let me get back to the Important biz of
Learning from you.
Warm Regards,
xrismak
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spotdespot wrote:I'm a bit like pips400 - still looking through a dirty screen. I keep thinking I am grasping
bits of it but I am struggling to separate what I am seeing from other explanations for the actions. For
example I have been looking at WMD's stuff on FF - Trading With Deadly Accuracy I think it's called. It's
naked trading so hopefully not too far off target for the thread. I keep seeing his "hook" structure retests of
"breakout" areas everywhere - and the reasoning for the retests is different from CJ's for example but the
result is the same.
Also re. trendlines - I think they can be very useful. Again the above thread opened my eyes a little as once
you move away from the rigid preconceptions of how trendlines should be drawn you can start making
some interesting discoveries. For example - the trendlines drawn below I would not have drawn previously
but I have quite a bit of faith in them in that there will be some reaction. These particular trendlines were
drawn on the weekly chart from around October 2011 - yet look at the reaction to them now on an H4
chart. In my mind I would be looking for confluence of trendlines/S/R/Sup/Dem for potential reversal points
but I would like to tie them in with CJ's ideas if I could get my head around them then maybe, in time,
move on to the other side of the glass and get rid of all the "noise"
EDIT: Just seen posts since I started writing this. Mike - what is an "M"? I know an M as simply price
following that shape but you referred to a double M with a higher high that I couldn't see for the life of me
and I certainly struggle to see how we predict one on the EJ M15 chart?
Cheers,
Dave.
Spotdespot,
Are we seeing Similar Stuff in different Formats, I might be wrong but I just want to be sure that I am catching on to the
Concept slowly Peeps.
Happy trading Y'all,
xrismak.
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Peeps,
Still Learning, this Illustration is not exactly what I want for a Perfect set up but 'll get the Perfect set up at some point in
Time, just have to keep on looking and Practicing.
Happy Trading Y'all.
xrismak
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by Captain Jack » Sun Mar 10, 2013 2:39 am
xrismak wrote:
The attachment Have a Look 1.png is no longer available
spotdespot wrote:I'm a bit like pips400 - still looking through a dirty screen. I keep thinking I
am grasping bits of it but I am struggling to separate what I am seeing from other explanations
for the actions. For example I have been looking at WMD's stuff on FF - Trading With
Deadly Accuracy I think it's called. It's naked trading so hopefully not too far off target for the
thread. I keep seeing his "hook" structure retests of "breakout" areas everywhere - and the
reasoning for the retests is different from CJ's for example but the result is the same.
Also re. trendlines - I think they can be very useful. Again the above thread opened my eyes a
little as once you move away from the rigid preconceptions of how trendlines should be drawn
you can start making some interesting discoveries. For example - the trendlines drawn below I
would not have drawn previously but I have quite a bit of faith in them in that there will be
some reaction. These particular trendlines were drawn on the weekly chart from around
October 2011 - yet look at the reaction to them now on an H4 chart. In my mind I would be
looking for confluence of trendlines/S/R/Sup/Dem for potential reversal points but I would like
to tie them in with CJ's ideas if I could get my head around them then maybe, in time, move
on to the other side of the glass and get rid of all the "noise"
EDIT: Just seen posts since I started writing this. Mike - what is an "M"? I know an M as
simply price following that shape but you referred to a double M with a higher high that I
couldn't see for the life of me and I certainly struggle to see how we predict one on the EJ
M15 chart?
Cheers,
Dave.
Spotdespot,
Are we seeing Similar Stuff in different Formats, I might be wrong but I just want to be sure that I am
catching on to the Concept slowly Peeps.
xrismak.
Seeing this?
CJ
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xrismak wrote:
Captain Jack wrote:
Jason wrote:
Captain Jack wrote:
Jason wrote:
mjws00 wrote:CJ
I don't doubt that stop hunting happens often. I have

seen market manipulation all of February and I was
right almost everyday too!
Stop hunting is just part of it. It's how they build a position, exit a position, get traders out of
their positions and change direction at times.
Price is always moving, up and down. It has to for them to take profits. Price must step back
to go forward as well as step forward to go back. Getting a heads on when they change the
trend, and they can change it at anytime is key to improving trading as well. The candle
patterns help to identify these tracks when they leave them. They can try to hide them with
deception, but they can't eliminate them. They are right in front of us but it's up to us to "see"
them. Most people don't because they are looking elsewhere.
CJ
CJ,
was just trying out your Little Snagit Gizmo, I love it.... I am going to try to use it to Draw my Trendlines
and Built a few roof tops, more like learning to BARF my way to loads of Profits, now let me get back
to the Important biz of Learning from you.
Warm Regards,
xrismak
I really like Snagit for the screen caps and editing. So easy to use, works for me!
Here's a roof top for ya!
CJ
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spotdespot wrote:I'm a bit like pips400 - still looking through a dirty screen. I keep thinking I am grasping
bits of it but I am struggling to separate what I am seeing from other explanations for the actions. For
example I have been looking at WMD's stuff on FF - Trading With Deadly Accuracy I think it's called. It's
naked trading so hopefully not too far off target for the thread. I keep seeing his "hook" structure retests of
"breakout" areas everywhere - and the reasoning for the retests is different from CJ's for example but the
result is the same.
Also re. trendlines - I think they can be very useful. Again the above thread opened my eyes a little as once
you move away from the rigid preconceptions of how trendlines should be drawn you can start making
some interesting discoveries. For example - the trendlines drawn below I would not have drawn previously
but I have quite a bit of faith in them in that there will be some reaction. These particular trendlines were
drawn on the weekly chart from around October 2011 - yet look at the reaction to them now on an H4
chart. In my mind I would be looking for confluence of trendlines/S/R/Sup/Dem for potential reversal points
but I would like to tie them in with CJ's ideas if I could get my head around them then maybe, in time,
move on to the other side of the glass and get rid of all the "noise"
EDIT: Just seen posts since I started writing this. Mike - what is an "M"? I know an M as simply price
following that shape but you referred to a double M with a higher high that I couldn't see for the life of me
and I certainly struggle to see how we predict one on the EJ M15 chart?
Cheers,
Dave.
I'm not familiar with WMD's work, you are welcome to discuss his ideas here if he gives different reasoning than I do.
I'd actually like to hear it.
The concepts I bring forth require you to toss a lot of what you know about forex out the window, or more so, what you
have been told about forex. To grasp what I am saying, you need an open mind. You need to be able to accept
something that goes against the masses, perhaps against logical reasoning.
I read that you put a lot of faith in trend lines. They seem to work well. You are supposed to rely on trend lines, S&D
areas and a lot of other things. You KNOW price is drawn to these areas. Where we differ is that I know that price is
not drawn to them, but that a market maker drives price to certain points, to create trend lines where large numbers of
traders will gather. Where price interacts with a trend line could be considered a point where the market makers make a
lot of money
Market makers. One for each session, per time zone, per bank. There are "dealers" at various levels below them but the
central banks guide price. Let the speculators get out of hand and you will see a crushing intervention. They interact with
each other. They know where every line is because they are the one who create the points that comprise the lines. They
are the artist that paints everything you see on your price screen. But most important of all, they are the candle makers.
A trend line to me is one of the lesser evils. They are visual aids and I will throw one on a chart now and then for
reference when plotting price. No matter how easy it looks using trend lines, many traders get butchered at the points
that create them. That's why price returns.
Those trend lines are also indicating a "range" area. This range area is the same you see in the Asian session each day.
Price has been consolidating in this range for months. What you have just seen, this past week, is the widening of this
range, on the 4H charts. You are seeing the resetting of the 4H high and 4H lows the same as you would the resetting of
the intra day high and lows. This process will takes weeks, maybe a month or two. There will be a break above or
below this new range and a massive stop hunt will take place, out of which a new trend will emerge. This is where I
expect the lows to be near 112-113.00 areas. Crazy stuff huh?
If you thinks it's crazy, compare the price forecast chart for EURGBP that I posted last week. Look at the shape of the
pattern I posted, compare it to the shape of the move that just occurred. Look at the low point on the last "W" that
printed on Friday and compare it to the forecast chart. Crazy stuff, but we all know price can't be predicted don't we.
Lines and indicators tell us where price has been, but if you listen, price will tell you where it's going.
CJ
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by BritShrtHair » Sun Mar 10, 2013 5:59 am
CJ, what to say about USDCHF Daily?
There has been a pin over the last resistance.

I'm tempted to go short with SL above that last pin.
Or is there something that tells you to hold on?
(I'm also thinking: isn't this too obvious ?)
Thank you!
USDCHF Daily, short ?
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by Gertje » Sun Mar 10, 2013 7:23 am
Captain Jack wrote:

xrismak wrote:
Have a Look 1.png
spotdespot wrote:I'm a bit like pips400 - still looking through a dirty screen. I
keep thinking I am grasping bits of it but I am struggling to separate what I am
seeing from other explanations for the actions. For example I have been looking
at WMD's stuff on FF - Trading With Deadly Accuracy I think it's called. It's
naked trading so hopefully not too far off target for the thread. I keep seeing his
"hook" structure retests of "breakout" areas everywhere - and the reasoning for
the retests is different from CJ's for example but the result is the same.
Also re. trendlines - I think they can be very useful. Again the above thread
opened my eyes a little as once you move away from the rigid preconceptions of
how trendlines should be drawn you can start making some interesting
discoveries. For example - the trendlines drawn below I would not have drawn
previously but I have quite a bit of faith in them in that there will be some
reaction. These particular trendlines were drawn on the weekly chart from
around October 2011 - yet look at the reaction to them now on an H4 chart. In
my mind I would be looking for confluence of trendlines/S/R/Sup/Dem for
potential reversal points but I would like to tie them in with CJ's ideas if I could
get my head around them then maybe, in time, move on to the other side of
the glass and get rid of all the "noise"
EDIT: Just seen posts since I started writing this. Mike - what is an "M"? I know
an M as simply price following that shape but you referred to a double M with a
higher high that I couldn't see for the life of me and I certainly struggle to see
how we predict one on the EJ M15 chart?
Cheers,
Dave.
Spotdespot,
Are we seeing Similar Stuff in different Formats, I might be wrong but I just want to be sure
that I am catching on to the Concept slowly Peeps.
xrismak.
Seeing this?
CJ
Hi CJ,
What do the M's and W's tell you?
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BritShrtHair wrote:CJ, what to say about USDCHF Daily?
There has been a pin over the last resistance.

I'm tempted to go short with SL above that last pin.
Or is there something that tells you to hold on?
(I'm also thinking: isn't this too obvious ?)
Thank you!
My feeling is that if you go short here, you've taken the bait. Your SL at pin high will be taken during the stop hunt, if not
before. A 2nd H4 candle will print and it will probably pin higher. Shorts and longs are trapped now, as they always are
at the end of the day, week, month, etc. When the market opens, there will be a gap, taking out stops before those
trapped even have a chance to do anything.
During the Asian session, price will drift up and down in a narrow range, resetting the initial HOD/LOD. Near the
London open, price will exceed the range, both higher and lower. This is the clue that the stop hunt is about to start.
Price will begin to move a lot, both ways, enticing traders into incorrect positions, stops will be taken out and positions
closed at losses. Once this process completes, the next move takes place. I look for price to end lower going into NY
session or reverse lower during the NY session. This is based on the 15M chart. What takes place on the lower time
frame will also take place on the higher, but over a longer period of time, so the 15M move will give clue to the longer,
more drawn out 4H move to come. So if you are looking to short, wait for a higher price.
Just an old man's opinion so don't bet the house on it.
CJ
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by Captain Jack » Sun Mar 10, 2013 12:04 pm
Gertje wrote:
Captain Jack wrote:
xrismak wrote:[attachment=5]
CJ
Hi CJ,
What do the M's and W's tell you?
"M" and "W"'s are the expanded view of a RRT formation. When you see a RRT formation of a higher time frame, drop
to a lower and you will see the "M" or "W" formation on the lower time frame. They are reversal patterns and can be
traded profitably.
Entry points are taken on the 2nd leg of each. When looking at these on the charts, they tend to flow from "M" into "W"
or "W" into "M", it's how the work the trends and extract their profits. Straight line moves, which occur give little time for
profit taking. The "M" and "W" patterns are the pull backs and re-traces in the market. "W" indicates a rise in price, "M"
indicates a drop in price.
CJ
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by xrismak » Sun Mar 10, 2013 2:45 pm
Captain Jack wrote:
xrismak wrote:
Captain Jack wrote:
Jason wrote:
Captain Jack wrote:
Jason wrote:
mjws00 wrote:CJ
I don't doubt that stop hunting happens

often. I have seen market manipulation
all of February and I was right almost
everyday too!
Stop hunting is just part of it. It's how they build a position, exit a position, get
traders out of their positions and change direction at times.
Price is always moving, up and down. It has to for them to take profits. Price
must step back to go forward as well as step forward to go back. Getting a
heads on when they change the trend, and they can change it at anytime is key to
improving trading as well. The candle patterns help to identify these tracks when
they leave them. They can try to hide them with deception, but they can't
eliminate them. They are right in front of us but it's up to us to "see" them. Most
people don't because they are looking elsewhere.
CJ
CJ,
was just trying out your Little Snagit Gizmo, I love it.... I am going to try to use it to Draw my
Trendlines and Built a few roof tops, more like learning to BARF my way to loads of Profits,
now let me get back to the Important biz of Learning from you.
Warm Regards,
xrismak
I really like Snagit for the screen caps and editing. So easy to use, works for me!
Here's a roof top for ya!
CJ
CJ,
Smashing, Now I have got to study and Learn very well on how to plot the Ms and Ws Deligently, once I am through
with that Learning Process, I'll start looking at building Roofs on Tops and doing the Simultaneous 5 to 10 short Trades
on the same currency Pair, oh the learning curve with you just gets more Exciting and Profitable with your Visual Imputs
on the Charts.
CJ, you a GIGATILUS.........
Snagit is LARGE.... love it to bits, thanks for pointing us in the Directions that make life a little bit more Simpler.

xrismak
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Peeps,
Don't you just love this........
Wish I was going to be around to trade this much later, but I gotz to roll for work while the markets will be open... might
get it wrong but I have a Pretty good feeling I am Right.
Happy Trading y'all,
xrismak.
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by mjws00 » Sun Mar 10, 2013 3:32 pm
xrismak, I have no idea how to read your chart. What are you highlighting? Last one baffled me as well. So I must've
missed a lesson somewhere.
Mike
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mjws00 wrote:xrismak, I have no idea how to read your chart. What are you highlighting? Last one
baffled me as well. So I must've missed a lesson somewhere.
Mike
mjwsOO,
I am tryna do a BARF thinghy, I did the M but then I thought okay it might do a little bit of a "BARF", I ain't too sure it's
Exactly right but I'll wait to see, I just might have got it wrong or right, time will tell but Practice makes Perfect.
Cheers,
xrismak
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by mjws00 » Sun Mar 10, 2013 3:39 pm
Cool. Looked like CJ was making sense of it. But not having access to fxaw... i was completely lost. Thanks for the
clarification.
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mjws00 wrote:Cool. Looked like CJ was making sense of it. But not having access to fxaw... i was
completely lost. Thanks for the clarification.
He is reference is to a method of trading I put forth at FXAW. It is based on Tom Bulkowski's Bump and Run Reversal
formation that is used in the equity markets. I adapted it's use to forex and it is a highly profitable method of trading.
In essence, price will be rising on a trend, volume will be normal or low. Volume will pickup and price will rise quickly,
forming a "bump" It is a price/volume exhaustion model, that finds reversals in trend.
I call the pattern a Bump and Run Formation, BARF and the thread at FXAW was titled, "BARF your way to profits".
EURJPY has presented a BARF, the entry was the 1st time price retraced and broke the trend line. Price has since
retraced to the original entry point, giving a 2nd chance for entry.
CJ
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by mjws00 » Sun Mar 10, 2013 4:22 pm
Perfect. I got it now. Thanks.

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CJ,
I drop down a Time frame from the Daily EURJPY and I have a great Big GRIN It's begun to make loads of Sense
now...... Repetition of Facts to anyone who sees a bit Clearer.
xrismak.
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by mjws00 » Sun Mar 10, 2013 8:28 pm
Hey CJ,
If you see this. What are your thoughts on EJ. Do we need to retest 126.00 or is there enough trapped up there? You'll
see what I mean on the chart. Fake up above 125.00 and drop might be nice as well.
I'll be waiting for the pattern, and like the longer term short. But curious on your insight.
Mike
EJ quickie
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mjws00 wrote:Hey CJ,
If you see this. What are your thoughts on EJ. Do we need to retest 126.00 or is there enough trapped up
there? You'll see what I mean on the chart. Fake up above 125.00 and drop might be nice as well.
I'll be waiting for the pattern, and like the longer term short. But curious on your insight.
Mike
Shorts are already trapped, need a swing higher to get rid of them. Longer term I see it dropping...not much action till
later....1am and on.... reverse may come during NY.....
CJ
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by madpipa » Mon Mar 11, 2013 12:54 am
Hi CJ,
Very interesting thread. I have looked at some of Steve Mauro's webinars/teachings & also Lance Beggs at YTC. But I
like the way this thread is developing. It has taken me 2 days to read through so far & check & double-check every
chart. SCARY!!! My head still hurts!
I will have to keep looking at these pins till I can't stop seeing them. Thanks for a thought provoking look at trading.
Cheers,
Mick
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Hi mjws00,
What is the indi you are using for the session outlines? It sure looks better than the old "sessions" indi that fills-in the blob
with solid colours. Is it one of Steve's? Is it available?
Cheers,
Mick
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by mjws00 » Mon Mar 11, 2013 1:36 am
Standard opensource autosessions indi. You have to tweak hours yourself. I tweaked this one to GMT (Cowboy
IBFX). I like to show from an hour before Frankie (White) based on Dibs from many years ago in FF. So don't let that
throw you off. Asia, LO, NY are normal.
Enjoy.
Auto_Sessions_v_1.7.IBFX.mq4
Auto Sessions
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by nanningbob » Mon Mar 11, 2013 2:05 am
Captain Jack wrote:
mjws00 wrote:Cool. Looked like CJ was making sense of it. But not having access to
fxaw... i was completely lost. Thanks for the clarification.
He is reference is to a method of trading I put forth at FXAW. It is based on Tom Bulkowski's Bump and
Run Reversal formation that is used in the equity markets. I adapted it's use to forex and it is a highly
profitable method of trading.
In essence, price will be rising on a trend, volume will be normal or low. Volume will pickup and price will
rise quickly, forming a "bump" It is a price/volume exhaustion model, that finds reversals in trend.
3-10-2013 3-59-18 PM.png
I call the pattern a Bump and Run Formation, BARF and the thread at FXAW was titled, "BARF your way
to profits".
EURJPY has presented a BARF, the entry was the 1st time price retraced and broke the trend line. Price
has since retraced to the original entry point, giving a 2nd chance for entry.
CJ
Love your thread, hope to be caught up by tonight, on page 18 now. Question are there a range of degrees for these
runs that are fairly standard. I have seen them and wanted to test them at some time in my life but never got around to it.
So is there a theory that runs will be 30% but when they reach 33 or so look for the 40%+ run or anything like that?
I trade HGI,
I talk about my philosophy of trading here.
My philosophy of Trading
"The key to converting something useful to others is simplicity. Complexity is the enemy to execution." Tony
Robbins
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by Captain Jack » Mon Mar 11, 2013 2:33 am
nanningbob wrote:
Captain Jack wrote:
mjws00 wrote:Cool. Looked like CJ was making sense of it. But not having
access to fxaw... i was completely lost. Thanks for the clarification.
He is reference is to a method of trading I put forth at FXAW. It is based on Tom

Bulkowski's Bump and Run Reversal formation that is used in the equity markets. I adapted
it's use to forex and it is a highly profitable method of trading.
In essence, price will be rising on a trend, volume will be normal or low. Volume will pickup
and price will rise quickly, forming a "bump" It is a price/volume exhaustion model, that finds
reversals in trend.
3-10-2013 3-59-18 PM.png
I call the pattern a Bump and Run Formation, BARF and the thread at FXAW was titled,
"BARF your way to profits".
EURJPY has presented a BARF, the entry was the 1st time price retraced and broke the
trend line. Price has since retraced to the original entry point, giving a 2nd chance for entry.
CJ
Love your thread, hope to be caught up by tonight, on page 18 now. Question are there a range of degrees
for these runs that are fairly standard. I have seen them and wanted to test them at some time in my life but
never got around to it. So is there a theory that runs will be 30% but when they reach 33 or so look for the
40%+ run or anything like that?
Thanks for the kind words, Bob.
Here's Tom's site:
http://thepatternsite.com/barrt.html
I believe he developed the pattern in the equities market. I adapted it to the forex market and it works well. I'll get into
this a little deeper as soon as I have time. It's a massive thread at FXAW. There are some basic rules to follow,
concerning volume, and tick volume can be used. The problem with tick volume is that it is so dependent on each broker
platform.
Stockcharts also does a nice presentation of the formation here:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:bump_and_run_reversal
The trend line angles are close to the same, however, they "dirty" the patterns in the forex market to make them harder to
see. They still repeat and it's a great method for longer time frame trading. I've used this to catch many great runs in pair
like GBPJPY and GBPNZD. It's one of my favorite patterns to use with pyramiding of orders.
There is an example of one of these formations on the EURJPY chart posted a few pages back. Safe entry is taken
when the highest high is tested, the test fails and price retreats and breaks the bump trend line. Early entry can be take in
the "pins" of the highest high, with vary small SL, 15-20 pips, and R:R values of 10-15+ and higher.
On the EURJPY chart, price has retraced back to the entry point. I will be looking for entry this morning, perhaps early
NY session.
CJ
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by mjws00 » Mon Mar 11, 2013 4:30 am
I am ruined Captain. Can't see nothing but these foxes trapping, and sit there waiting for them to shift the zone and lock
more in. Been a fun weekend doing homework. I could use a little feast on EUR bulls. But they just tease.
I am gonna have a fun week this week.

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by mjws00 » Mon Mar 11, 2013 4:57 am
It is possible I like the English as well. Won't know till later.
Show some love to the English
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by pips400 » Mon Mar 11, 2013 5:14 am
Hi CJ and Mike, we're looking at the EURJPY pair for a BARF entry, I just have a couple of questions. I'm also running
with Bob's 10.4 system here so this would be counter trend, (which I have no problem with in the right setup). My
questions are regarding stop loss and entries. The attached pic shows two possible places for SL, which one (if any)
would you take, either 1 at the previous swing high, or 2 at the most recent, and secondly, with the 10.4 system we
would wait for entry at the WP, but it would be a much higher RR if entry was taken sooner. So if entering sooner, what
would be your signal to do so?
Many thanks,
Pips400

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by mjws00 » Mon Mar 11, 2013 5:26 am
I don't know BARF all that well. So will defer to the great one. But. We have a pretty good chance of testing WMR1 as
there are lots of bulls long around the top of that candle in there. There are stuck bulls and weak shorts that sold into
126.00 that haven't been tested.
So either they have enough volume up top, that they just continue this leg down. We get to consume weak bulls. Or they
will go up and take the stops at 126.00 before knocking this sucker back down. Right now they are just chopping and
not showing their hand. They could drive it up and turn it around NY open. They could also leave us hanging for a day,
and turn it later.
Two bits, but I am watching this pair, as I'd love an entry if they were to trap breakout traders above 126.00.
Mike
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by pips400 » Mon Mar 11, 2013 5:52 am
Ok thanks Mike, I've removed my EA on this for now, and will wait it out a little longer. On the daily this is at a lower
high and close to overbought (but could go higher) so would definately be looking to short at the optimum point. Well
watch the paint dry on this one
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mjws00 wrote:Standard opensource autosessions indi. You have to tweak hours yourself. I tweaked this
one to GMT (Cowboy IBFX). I like to show from an hour before Frankie (White) based on Dibs from
many years ago in FF. So don't let that throw you off. Asia, LO, NY are normal.
Thanks Mike. I have seen others about but not this one. Just looks cleaner - the better to see the crafty foxes .
Cheers,
Mick
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by mrelectron » Mon Mar 11, 2013 8:16 am
Hi:
I was just looking at these 3 pairs CADJPY, CHFJPY, EURJPY on a 4H chart and they are all remarkably similar in
appearance and also have the RRT pattern.
Is there anything in this with regards to fox prints.
Thanks
Mark
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by mjws00 » Mon Mar 11, 2013 9:44 am
It just shows that yen is driving that bus.That is pretty much perfect correlation. Neat to see how they tapped the stops
short harder in EUR and CHF after that big pin/rrt. All consolidated off the high so they would be set up for the next
move. If you watch closely you'll probably spot one of the crosses lead out when they start to move Yen again. It will be
subtle but is usually visible. It is kinda cool when you start to see how they work each pair to influence the aggregate,
leading, lagging... then sucking them all in.
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by mjws00 » Mon Mar 11, 2013 11:07 am

Them GBP foxes are letting me down. Although they are the only ones that really got anything done today. What a poor
effort. C- guys... I know you can do better.
GBP best effort is lacking.
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Thought I would have some fun with this. My pure naked screen price action only nothing else. You can see things if you
get the clutter out.
I trade HGI,
Robbins
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Now look at those pin bars and see what they did. Interesting. Hope I am catching on. If I am getting this right I see a
2nd visit to an area is a nice place to go with it.
I trade HGI,
Robbins
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by mjws00 » Mon Mar 11, 2013 11:24 am
You'll be addicted soon, Bob. Heaven help you if you start to look though the wrong side of the screen. It is a trip.
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mjws00 wrote:You'll be addicted soon, Bob. Heaven help you if you start to look though the wrong
side of the screen. It is a trip.
After a year of frustrating trading my first year, I took almost six months and just watched screens of different pairs and
began to develop my own theories. I came up with one big profound truth that was always true of Forex. What goes up
must come down and what goes down must come up. Find those areas and you will be a success. Now I get to follow
the master, or at least learn what I should have seen 5 years ago.
I trade HGI,
Robbins
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by pips400 » Mon Mar 11, 2013 11:52 am
nanningbob wrote:Now look at those pin bars and see what they did. Interesting. Hope I am catching on.
If I am getting this right I see a 2nd visit to an area is a nice place to go with it.
If we're looking for W and M patterns which are RRT on a larger time frame, then my guess is this is pretty close to
double top for the M and double bottom for the W - just a thought
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by mjws00 » Mon Mar 11, 2013 11:58 am
Yep. Double and triple tops and 123's all are pretty much the same thing. When you start to see who is trapped and
where they have to take it to steal from the weak traders, just makes the entries at that second leg almost perfect.
That is one way CJ crushes. Pure art when you start to see it through their eyes. Also dead easy and not at all creative.
These guys are cruel, and can mix up the pattern, but their tools are limited. I've seen microstakes fishes with more
"game". This is just rinse / repeat brutality. Why fix it if it ain't broken.
EDIT: That was some bad typing.

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mjws00 wrote:I am ruined Captain. Can't see nothing but these foxes trapping, and sit there waiting for
them to shift the zone and lock more in. Been a fun weekend doing homework. I could use a little feast on
EUR bulls. But they just tease.
I am gonna have a fun week this week.
Once you "see", you can not unsee.
Temper expectations early in the week. It all depends on the weekly and 3 day cycles many pair follow.
CJ
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by mjws00 » Mon Mar 11, 2013 12:20 pm
CJ, you should brag about how you hit the subtle gbpusd short coming out of asia, flipped it at the bottom and then rode
it back to consolidation here. Too subtle for this baby fox, I thought they'd rattle the cages harder. But I'm hoping we'll
see it later in the weekly cycle.
Thanks for popping your head up around here. There is a quantum leap available for those that can grasp this. Seriously
guys. READ this guys stuff and look at the pictures 1000 times if you have to. Then go run a year or more of charts per
pair. Pure gold is an understatement.
Mike
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by pips400 » Mon Mar 11, 2013 12:32 pm
Hi CJ thanks for being patient with me/us here. I notice you made a killing on the EURGBP today. If you've got the time,
could you talk us through with a chart and time frame your thinking and how you traded this pair today.
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by pips400 » Mon Mar 11, 2013 12:35 pm
Forgot to metion, I'm up 3% trading reversals for an hour this afternoon on a 15 min chart. Not sure if I'm doing it right,
but I'm a keen student here.
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pips400 wrote:Hi CJ and Mike, we're looking at the EURJPY pair for a BARF entry, I just have a couple
of questions. I'm also running with Bob's 10.4 system here so this would be counter trend, (which I have no
problem with in the right setup). My questions are regarding stop loss and entries. The attached pic shows
two possible places for SL, which one (if any) would you take, either 1 at the previous swing high, or 2 at
the most recent, and secondly, with the 10.4 system we would wait for entry at the WP, but it would be a
much higher RR if entry was taken sooner. So if entering sooner, what would be your signal to do so?
Many thanks,
Pips400
The attachment barf-eurjpy.jpg is no longer available
The early entry here is according to the Railroad track pattern at the highest high. It is the reversal signal. When entry is
taken there, set SL 10-15 pips above the HH.
BARF has set rules for entry per this chart. If you look at a longer time frame, D1, you will see that there is a larger
BARF pattern there, which would have provided hundreds of pips in return. Price is currently back at the original entry
point of the D1 BARF, confluence with the H4 BARF.
CJ
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mrelectron wrote:Hi:
I was just looking at these 3 pairs CADJPY, CHFJPY, EURJPY on a 4H chart and they are all remarkably
similar in appearance and also have the RRT pattern.
3-SIMILAR-PAIRS.png
Thanks
Mark
The fox has taken the day off here....JPY is being "held"..movement in the crosses, but for the most part flat. There is
news due out later for the Yen....I expect the action in Asian and later....until then, it's just chop.
I do expect these pairs to drop when the action picks up, but it's just a guess.
If you compress compress the chart a bit, you will also see a basic 3 push to the high, where the longs are trapped and
consolidation is taking place for later action. This si also called "testing patience". The Fox wants you to make a mistake
as he keeps you waiting.
CJ
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mjws00 wrote:Them GBP foxes are letting me down. Although they are the only ones that really got
anything done today. What a poor effort. C- guys... I know you can do better.
Usually after 2 days movement in the same direction, there is a 3rd day of consolidation or chop which leads to the next
move.
CJ
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nanningbob wrote:Thought I would have some fun with this. My pure naked screen price action only
nothing else. You can see things if you get the clutter out.
As you look at the patterns and candle formations of the chart, switch to the other time frames, both higher and lower
and notice information that appears on the other time frames. Two D1 candles, which form the RRT pattern, hold 48 -
H1 candles. Smaller time frames bring more detail, but also more noise. Larger time frames smooth the noise but
become less detailed.
The patterns you see of the lower time frame will appear on the hgher time frame and the candles are formed. The lower
time frame candles "build" the higher time frame candles.
CJ
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pips400 wrote:
nanningbob wrote:Now look at those pin bars and see what they did. Interesting. Hope I
am catching on. If I am getting this right I see a 2nd visit to an area is a nice place to go with it.
If we're looking for W and M patterns which are RRT on a larger time frame, then my guess is this is pretty
close to double top for the M and double bottom for the W - just a thought
Yes...another way to look at it when looking for major turning points. On smaller time frames, you can use them to scalp
during slow times.
CJ
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mjws00 wrote:CJ, you should brag about how you hit the subtle gbpusd short coming out of asia, flipped
it at the bottom and then rode it back to consolidation here. Too subtle for this baby fox, I thought they'd
rattle the cages harder. But I'm hoping we'll see it later in the weekly cycle.
Thanks for popping your head up around here. There is a quantum leap available for those that can grasp
this. Seriously guys. READ this guys stuff and look at the pictures 1000 times if you have to. Then go run a
year or more of charts per pair. Pure gold is an understatement.
Mike
You learn to take what you are given and not push it when there isn't anywhere to push it to. When they open the door
to a run, I'll stack order after order and pin them right to the fox's ass. The faster he runs, the farther he carries my
orders. Like I said, you can make as much from a 5 pip trades as a 50 pip trade or a 500 pip trade. It's how you put it
on and what you expect from the trade.
You can't get married to a trade nor a set trading style, at least I can't. The fox changes it up and I'm learning to do it
better every day. It's having the confidence to put the trade on and expecting to profit from every single one that helps. If
I don't, I move to the next, where I will.
YEN pairs are picking up a bit....
CJ
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by xrismak » Mon Mar 11, 2013 1:18 pm
mjws00 wrote:I don't know BARF all that well. So will defer to the great one. But. We have a pretty
good chance of testing WMR1 as there are lots of bulls long around the top of that candle in there. There
are stuck bulls and weak shorts that sold into 126.00 that haven't been tested.
So either they have enough volume up top, that they just continue this leg down. We get to consume weak
bulls. Or they will go up and take the stops at 126.00 before knocking this sucker back down. Right now
they are just chopping and not showing their hand. They could drive it up and turn it around NY open.
They could also leave us hanging for a day, and turn it later.
Two bits, but I am watching this pair, as I'd love an entry if they were to trap breakout traders above
126.00.
Mike
mjws00,
Yes you got it Right, the EURJPY and NZDJPY both tested the WMR1, I am closing my Positions and reverting to the
BARF because I expect a Drop anytime Soon., I have a Feeling that if we use both the BARF and NB10.4 systems
together and also Study the PINS re: CJ we will be singing with the PIPs all the time.

xrismak
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pips400 wrote:Hi CJ thanks for being patient with me/us here. I notice you made a killing on the EURGBP
today. If you've got the time, could you talk us through with a chart and time frame your thinking and how
you traded this pair today.
Hmmm...I told the world how I planed to trade this pair last Wednesday. Look for my "blueprint" on this
page....compare the low of the last "W" to the actual low that was posted Friday, in that very pattern.
I haven't seen many comments of that "forecast" so I know people are not "seeing" yet....
I posted the chart on Wednesday and have followed that pattern with my trading. EURGBP is soon to go into a ranging,
consolidation period, and a new plan is needed.
http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=16&t=1572&start=30
Until I plot a new one, I'll take what's given.
CJ
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Bob,
I am expecting an Indicator of some sort from you referencing this Pin Thinghy the way you have Illustrated what you
have seen so far, I have a feeling it's probably in the Pipe Line Now, I was expecting you on this thread at some point so
my Hunch is Right, welcome to part of the Future, CJ thanks to you we have Bob Lurking and waiting to Pounce.
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pips400 wrote:Forgot to metion, I'm up 3% trading reversals for an hour this afternoon on a 15 min chart.
Not sure if I'm doing it right, but I'm a keen student here.
Sound like you are doing it right so far. Keep it up!
CJ
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madpipa wrote:Hi CJ,
Very interesting thread. I have looked at some of Steve Mauro's webinars/teachings & also Lance Beggs at
YTC. But I like the way this thread is developing. It has taken me 2 days to read through so far & check &
double-check every chart. SCARY!!! My head still hurts!
I will have to keep looking at these pins till I can't stop seeing them. Thanks for a thought provoking look at
trading.
Cheers,
Mick
I'm familiar with their work as well as Martin Coles.
YTC is a good site to go to. Lots of free stuff worth reading and they have a newsletter you can sign up to receive. It's
good info, especially if you are new to this stuff.
"SCARY turns up in my threads from time to time. It usually pops up when I start posting patterns before they show.
But again, we all know you can't predict where price is going to be at any given point in time. Or can you?
CJ
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xrismak wrote:
11-03-2013 17-04-23 EURJPY.png
mjws00 wrote:
Mike
mjws00,
Yes you got it Right, the EURJPY and NZDJPY both tested the WMR1, I am closing my Positions and
reverting to the BARF because I expect a Drop anytime Soon., I have a Feeling that if we use both the
BARF and NB10.4 systems together and also Study the PINS re: CJ we will be singing with the PIPs
all the time.

xrismak
Winner winner, chicken dinner! Bank 'em, thank 'em and move to the next!
CJ
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Captain Jack wrote:
xrismak wrote:
11-03-2013 17-04-23 EURJPY.png
mjws00 wrote:
Mike
mjws00,
Yes you got it Right, the EURJPY and NZDJPY both tested the WMR1, I am closing my
Positions and reverting to the BARF because I expect a Drop anytime Soon., I have a Feeling
that if we use both the BARF and NB10.4 systems together and also Study the PINS re: CJ
we will be singing with the PIPs all the time.

xrismak
Winner winner, chicken dinner! Bank 'em, thank 'em and move to the next! :mrgreen
CJ
CJ,
hahahahahahahahahaha , I love this thread, it Opens eyes to things we don't see with Indicators, and if One can
sometimes trade without Indicators then one becomes deceptively good at outsmarting those Criminals, Nanningbob
does well with his Clear and Coincise Explanations, Indicators and Templates and You Cap it with trading Naked, what
more does One want to become Successful except Practice and Patience.
You Guys Just make me Feel Brand new.
Appreciations,
xrismak
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One thing I want to be sure that everybody understands about these pins. Most times, when they print, they are the result
of spread widening. They increase the distance between the bid and ask by 5-8 pips or more. The effect of this is to trip
stop loss and buy or sell stops, putting people into bad trades, or causing a loss. When they do this, your TP or SL
orders will not be hit as a result of the wide spread. This is important here because so many people use pending orders
and stop loss or trailing orders.
This is the same thing that happens at the end of the day. If you want to see it in action, load up a broker who is offering
an ECN feed, open an order box near right before 5PM est and watch the bid ask price as the day ends. These are the
market makers hitting the stops. I have seen 60 pip spreads when they do this.
Since I place and manage all of my orders, I use market order for entry and exit and very seldom set a stop. I actively
manage my trades and do not give them a chance to take an order from me or put me into an order going the wrong
way.
CJ
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xrismak wrote:
Captain Jack wrote:
xrismak wrote:
11-03-2013 17-04-23 EURJPY.png
mjws00 wrote:
Mike
mjws00,
Yes you got it Right, the EURJPY and NZDJPY both tested the WMR1, I am
closing my Positions and reverting to the BARF because I expect a Drop
anytime Soon., I have a Feeling that if we use both the BARF and NB10.4
systems together and also Study the PINS re: CJ we will be singing with the
PIPs all the time.

xrismak
Winner winner, chicken dinner! Bank 'em, thank 'em and move to the next! :mrgreen
CJ
CJ,
hahahahahahahahahaha , I love this thread, it Opens eyes to things we don't see with Indicators, and if
One can sometimes trade without Indicators then one becomes deceptively good at outsmarting those
Criminals, Nanningbob does well with his Clear and Coincise Explanations, Indicators and Templates and
You Cap it with trading Naked, what more does One want to become Successful except Practice and
Patience.
Appreciations,
xrismak
Bob has a great system. One of the biggest problems that people have, from novice traders to old timers, is capital
preservation. Most don't have the funds to trade the way they do and bust out quickly, trying to make a killing. In the
forex war, your money is your ammunition. It's no different than chips in a poker game. Bob offers a conservative way to
trade, protecting your funds and entering a trade when it is moving in your favor. Follow his plan and you will profit as
well as protect your funds. Trade to trade another day.
Bob's plan is also great because a more advanced trader can use it, apply what he knows and take a more aggressive
approach to trading. This person may take an earlier entry into the same trades that a more conservative person will
enter into later. Safety is built in for the novice. The advanced trader may be able to manage his own safety level. Risk
does not increase, but profits can. Until the less experienced trader gains confidence and knowledge, his capital is safe.
I for one would not like to see Bob change his basic 10.4 plan to make it more aggressive. There is an advanced area
for trading 10.4 in ways not put forth in the basic thread. This is where people could use what tricks are learned here as
well as other methods, like Mike uses, and increase profit without increasing risk or reducing it further. Not everybody
understands basic 10.4 let alone adding something like what goes on in here.
When you start banking those green pips on a regular basis, your whole outlook on forex takes on a new look. It's a
bright, sun-shinny day!
CJ
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It's about 3:30pm est, look for price bump up or down near the close to lock traders into their trades for the Asian
session. Those looking to take profit should do so during this little bump...watch for the pins.
CJ
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by Aus67 » Mon Mar 11, 2013 3:38 pm
Captain Jack wrote:
I was just looking at these 3 pairs CADJPY, CHFJPY, EURJPY on a 4H chart and they are
all remarkably similar in appearance and also have the RRT pattern.
3-SIMILAR-PAIRS.png
Thanks
Mark
The fox has taken the day off here....JPY is being "held"..
CJ
...That is because he is reading this thread...and doesn't know what to do next!

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by djdylan » Mon Mar 11, 2013 4:03 pm
Captain Jack wrote:
pips400 wrote:Hi CJ thanks for being patient with me/us here. I notice you made a killing on
the EURGBP today. If you've got the time, could you talk us through with a chart and time
frame your thinking and how you traded this pair today.
Hmmm...I told the world how I planed to trade this pair last Wednesday. Look for my "blueprint" on this
page....compare the low of the last "W" to the actual low that was posted Friday, in that very pattern.
I haven't seen many comments of that "forecast" so I know people are not "seeing" yet....
I posted the chart on Wednesday and have followed that pattern with my trading. EURGBP is soon to go
into a ranging, consolidation period, and a new plan is needed.
http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=16&t=1572&start=30
Until I plot a new one, I'll take what's given.
CJ
Seriously impressive CJ.

I'm loving this thread and the whole new way of looking at things. Still only 1% has sunk in but reading and re-reading.
Really appreciate you sharing.
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by mjws00 » Mon Mar 11, 2013 4:14 pm
Aus67 wrote:
Captain Jack wrote:
I was just looking at these 3 pairs CADJPY, CHFJPY, EURJPY on a 4H chart

and they are all remarkably similar in appearance and also have the RRT pattern.
3-SIMILAR-PAIRS.png
Thanks
Mark
The fox has taken the day off here....JPY is being "held"..
CJ
...That is because he is reading this thread...and doesn't know what to do next!
Heh. I actually find myself thinking. "Kill the lights, hit delete. Don't let him know we know." I have never ever thought
that way. It is strange.
Thankfully fear and greed remains somewhat constant, and there are enough external forces it will be hard for them to
get tricky trappy and adapt instantly. It is really hilarious to find yourself thinking "Just give me 1 more year. Don't you
dare stop cheating now."
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by nanningbob » Mon Mar 11, 2013 5:30 pm
Captain Jack wrote:
xrismak wrote:
Captain Jack wrote:
xrismak wrote:
11-03-2013 17-04-23 EURJPY.png
mjws00 wrote:
Mike
mjws00,
Yes you got it Right, the EURJPY and NZDJPY both tested the
WMR1, I am closing my Positions and reverting to the BARF
because I expect a Drop anytime Soon., I have a Feeling that if we
use both the BARF and NB10.4 systems together and also Study
the PINS re: CJ we will be singing with the PIPs all the time.

xrismak
Winner winner, chicken dinner! Bank 'em, thank 'em and move to the next!
:mrgreen
CJ
CJ,
hahahahahahahahahaha , I love this thread, it Opens eyes to things we don't see with
Indicators, and if One can sometimes trade without Indicators then one becomes deceptively
good at outsmarting those Criminals, Nanningbob does well with his Clear and Coincise
Explanations, Indicators and Templates and You Cap it with trading Naked, what more does
One want to become Successful except Practice and Patience.
Appreciations,
xrismak
Bob has a great system. One of the biggest problems that people have, from novice traders to old timers, is
capital preservation. Most don't have the funds to trade the way they do and bust out quickly, trying to
make a killing. In the forex war, your money is your ammunition. It's no different than chips in a poker
game. Bob offers a conservative way to trade, protecting your funds and entering a trade when it is moving
in your favor. Follow his plan and you will profit as well as protect your funds. Trade to trade another day.
Bob's plan is also great because a more advanced trader can use it, apply what he knows and take a more
aggressive approach to trading. This person may take an earlier entry into the same trades that a more
conservative person will enter into later. Safety is built in for the novice. The advanced trader may be able
to manage his own safety level. Risk does not increase, but profits can. Until the less experienced trader
gains confidence and knowledge, his capital is safe.
I for one would not like to see Bob change his basic 10.4 plan to make it more aggressive. There is an
advanced area for trading 10.4 in ways not put forth in the basic thread. This is where people could use
what tricks are learned here as well as other methods, like Mike uses, and increase profit without increasing
risk or reducing it further. Not everybody understands basic 10.4 let alone adding something like what goes
on in here.
When you start banking those green pips on a regular basis, your whole outlook on forex takes on a new
look. It's a bright, sun-shinny day!
CJ
I agree, we learn to compliment each other rather than look at each other as rivals. I love to CT trade but I learned from
trying to teach all three basic trading methods from 10.0 that I cant. However, other traders have now picked up the
slack and I dont have to do that. The CT traders post their ideas and have their threads and I canstay with the basics.
Captain Jack is teaching a way to compliment so traders can see things other than dips and rallies and that is good.
I trade HGI,
Robbins
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by nanningbob » Mon Mar 11, 2013 5:44 pm
Here is 10.4 with a naked screen. The 240 line lights up the way and you know where your bigger profit moves will be.
Most professional traders use one or two favorite indis and trade. You take Jack's teaching add one indi and you are set
to go with selling rallies in a DT. If you want to add CT trading along with rallies in your DT here is your coach. My lines
and indi help with entrances, exits and multiple positions but you can do the 240 and the rest can be naked. This will help
you with changes in the major trend without ever reading a paper or news story. So you can trade both ways and
properly read the market. Once you understand the complimenting of the systems you are well on your way to becoming
a complete trader. Your confidence will soar and then you will look at making some serious money in this business.
You can add extra profits to your trade by having a tighter SL placed above the gray areas and enter off of the bounces
in a DT instead of waiting for a cross of a S/R line. Choose your poison as we say. If you want to play multiple levels
you still can but that adds more lines to your screen. Either way once you see the compliment and thanks to Trader Jack
for showing this, you can multiply your profits. So have fun guys you are entering the realm of the successful professional
trader.
Advice dont quit your day jobs yet and have your wife leaving you in 3 months.
I trade HGI,
Robbins
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nanningbob wrote:
Captain Jack wrote:
xrismak wrote:
Captain Jack wrote:
xrismak wrote:
11-03-2013 17-04-23 EURJPY.png
mjws00 wrote:
Mike
mjws00,
Yes you got it Right, the EURJPY and NZDJPY both

tested the WMR1, I am closing my Positions and
reverting to the BARF because I expect a Drop
anytime Soon., I have a Feeling that if we use both
the BARF and NB10.4 systems together and also
Study the PINS re: CJ we will be singing with the
PIPs all the time.

xrismak
Winner winner, chicken dinner! Bank 'em, thank 'em and move to
the next! :mrgreen
CJ
CJ
I agree we learn to compliment each other rather than look at each other as rivals. I love to
CT trade but I learned from trying to teach all three basic trading methods from 10.0 that I
cant. However, other traders have now picked up the slack and I dont have to do that. The
CT traders post their ideas and have their threads and I canstay with the basics. Captain Jack
is teaching a way to compliment so traders can see things other than dips and rallies and that is
good.
You're right Bob. The only competition we face is from those who seek to liberate us from our hard earned money. I'm
not talking just about the brokers, dealers and the lot of them. This market is filled with people who can't trade
themselves, but will toss out one system and EA after another, prying the money from our hands, to satisfy their own
greed.
There is no "perfect" system, EA or manual way to trade. We all need to find what works for us, on an individual basis.
That is where the sharing of ideas and info plays a big role. We can take ideas and concepts from each other, apply it to
our own trading methods and style and hopefully improve them as we go.
I've already stated that nobody can trade as I do. There is so much that goes through my mind when considering a trade,
it would be impossible to put the process to paper. To say, "this is what you need to do, and only this will work for you"
is out of the question. But to say, "hey, take a look at this and see how you can use and apply it to your system" may
make a huge difference in a traders development.
When we take profit from the market, it is such a small piece that it amounts to nothing. A drop in the ocean compared
to the size of the market. There is plenty of profit for all in this business. We just need to learn to take it out and not
provide it to others.
Set realistic goals and use the power of compounding to build your account. Trade within your means so you can trade
another day if today did not go your way. Not all of them go my way nor will they yours. There is always another trade
to be taken right after the one that just finished and they can be placed at any time of the day.
I have a feeling Bob, that your CT skills are going to improve in a short time. I'm all about swing trading. Read the sign of
the fox and you'll be swinging soon!
CJ
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nanningbob wrote:Here is 10.4 with a naked screen. The 240 line lights up the way and you know where
your bigger profit moves will be. Most professional traders use one or two favorite indis and trade. You
take Jack's teaching add one indi and you are set to go with selling rallies in a DT. If you want to add CT
trading along with rallies in your DT here is your coach. My lines and indi help with entrances, exits and
multiple positions but you can do the 240 and the rest can be naked. This will help you with changes in the
major trend without ever reading a paper or news story. So you can trade both ways and properly read the
market. Once you understand the complimenting of the systems you are well on your way to becoming a
complete trader. Your confidence will soar and then you will look at making some serious money in this
business.
You can add extra profits to your trade by having a tighter SL placed above the gray areas and enter off of
the bounces in a DT instead of waiting for a cross of a S/R line. Choose your poison as we say. If you want
to play multiple levels you still can but that adds more lines to your screen. Either way once you see the
compliment and thanks to Trader Jack for showing this, you can multiply your profits. So have fun guys you
are entering the realm of the successful professional trader.
Advice dont quit your day jobs yet and have your wife leaving you in 3 months.
Good post Bob.
When you set the tight SL here, you have the option of taking a larger entry lot at the same risk, or by by keeping your
same lot size, reducing your risk to a minimal number. You really can't imagine what increasing the initial lot size and
reducing your SL can mean. The risk is the same, but the rewards are so much greater and the setups are very high
probability.
A trade with a large entry lot, moving it the right direction gives you a lot of options going forward.
CJ
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Just want to stick a quick note in here. I'll probably be starting a thread and discussing the BARF pattern and trading it
soon. If you want to sign up at FXAW for what is contained there, by all means do. But don't sign up just to get to my
past info on trading. I think the thread has matured to the point that I no longer post any new info there and haven't done
so for over a month now. Most FXAW members know the method but it's new here so I'll see about bringing it forth.
CJ
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by Aus67 » Mon Mar 11, 2013 7:00 pm
CJ
When looking for trade setups, do you usually start in the bigger time frames? ie Weekly, Daily?
and then move down to smaller to look for entry into those larger patterns?
I can see the stop hunts, M's W's, traps, etc...but am still thinking 'where do I get in on this??'
I am guessing it is fine to stick with a 15m chart and trade that, but keep an eye on the bigger for any traps that you may
be walking into?
I feel this is an ambiguous question and a little imbisilic as well...but just want to get my methodology sorted.
I guess being in Australia doesn't help as i would have be nocturnal to be able to trade NewYork...
like most trading, it takes place in the wee hours.
cheers
Daryl
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Spread widening at close today. This is how they hit stops in those pins and why some of your orders never close or
seem to close before you intend them to. Tricks, tricks and more tricks....
CJ
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Aus67 wrote:CJ
When looking for trade setups, do you usually start in the bigger time frames? ie Weekly, Daily?
and then move down to smaller to look for entry into those larger patterns?
I can see the stop hunts, M's W's, traps, etc...but am still thinking 'where do I get in on this??'
I am guessing it is fine to stick with a 15m chart and trade that, but keep an eye on the bigger for any traps
that you may be walking into?
I feel this is an ambiguous question and a little imbisilic as well...but just want to get my methodology
sorted.
I guess being in Australia doesn't help as i would have be nocturnal to be able to trade NewYork...
like most trading, it takes place in the wee hours.
cheers
Daryl
I look across all time frames. In the past, I stayed mostly with H4 and D1 trades, of long duration. Lately, I've find I take
trades of much shorter duration, with larger lot sizes. My market exposure time is reduced and I take profits off the table
sooner.
It all depends on what and how you want to trade. Long term trades like D1 and above, medium term trades, day
trades, swing trades, or scalps. You take the trades where they give them to you. The smaller time frame trades end
sooner. When you see an "M" or "W" on the 15M, it's probably a RRT pattern on the 1H or 4H. Same on the higher.
When you see RRT of D1, it's an "M" or "W" on the 1H or 4H. They are the same and thy all present reversal trades,
each way.
If you have little time to manage trades, take them on the D1. Trade them to the next RRT and swing it back the other
way. This type trade is usually smaller lot size to deal with retrace draw down issues. When I traded D1, I would ride the
trend to a reversal on the H1 or H4 then swing it that way, back and forth. You don't need to trade 28 pair to get 28
trades.
Things happen faster on the lower time frame. Things happen the same way on the higher time frames, only slower.
It all depends on you.
London hits us at 3am so you will find me up at night as well and if the hunting is good, sometimes for days!
CJ
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by f451 » Mon Mar 11, 2013 7:25 pm
Saw this comment over on the NB 10.4 thread and a lightbulb went phzzzing! in head.
"Those are "buyers" but not the type you think. They bought the story that price was going to drop further and entered
SHORT orders. Those SHORTS were stuck there or closed out by now. If there is a change in trend direction planed,
you will see wicks like these on the next few daily candles, each presenting a higher low than the last. They will almost be
following the yellow line you drew on the chart. This is called "trapping volume" and it sticks a bunch of SHORT orders
at the bottom before a rise in price. You can watch to see if this develops and it offers numerous trades on the D1.
CJ"
Never really knew what to make of those grindy up or down trends with long wicks. Now i do. "Trapping volume" and
forcing the weak holders out at their stops to fuel the move in the direction the foxes want to go! The HH LH or LL, HL
are still the key to the direction, but the wicks show you lots of aborted attempts to go the other way... and just who is
benefiting...
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by Aus67 » Mon Mar 11, 2013 7:35 pm
Captain Jack wrote:Spread widening at close today. This is how they hit stops in those pins and why
some of your orders never close or seem to close before you intend them to. Tricks, tricks and more
tricks....
CJ
Unbelievable!
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f451 wrote:Saw this comment over on the NB 10.4 thread and a lightbulb went phzzzing! in head.
"Those are "buyers" but not the type you think. They bought the story that price was going to drop further
and entered SHORT orders. Those SHORTS were stuck there or closed out by now. If there is a change
in trend direction planed, you will see wicks like these on the next few daily candles, each presenting a
higher low than the last. They will almost be following the yellow line you drew on the chart. This is called
"trapping volume" and it sticks a bunch of SHORT orders at the bottom before a rise in price. You can
watch to see if this develops and it offers numerous trades on the D1.
CJ"
Never really knew what to make of those grindy up or down trends with long wicks. Now i do. "Trapping
volume" and forcing the weak holders out at their stops to fuel the move in the direction the foxes want to
go! The HH LH or LL, HL are still the key to the direction, but the wicks show you lots of aborted
attempts to go the other way... and just who is benefiting...
Another way to look at is that those "SHORTS" reached the end of their rope!
They also do it to validate the S/R and fibo levels, pivots and mid points. It gives the illusion of support there at that level,
when actually there is no support. It wasn't buyers who brought price up, it was the fox and he validated the level and left
"false support" in his wake.
CJ
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by f451 » Mon Mar 11, 2013 7:40 pm
Captain Jack wrote:

f451 wrote:Saw this comment over on the NB 10.4 thread and a lightbulb went phzzzing! in
head.
"Those are "buyers" but not the type you think. They bought the story that price was going to
drop further and entered SHORT orders. Those SHORTS were stuck there or closed out by
now. If there is a change in trend direction planed, you will see wicks like these on the next
few daily candles, each presenting a higher low than the last. They will almost be following the
yellow line you drew on the chart. This is called "trapping volume" and it sticks a bunch of
SHORT orders at the bottom before a rise in price. You can watch to see if this develops and
it offers numerous trades on the D1.
CJ"
Never really knew what to make of those grindy up or down trends with long wicks. Now i
do. "Trapping volume" and forcing the weak holders out at their stops to fuel the move in the
direction the foxes want to go! The HH LH or LL, HL are still the key to the direction, but the
wicks show you lots of aborted attempts to go the other way... and just who is benefiting...
Another way to look at is that those "SHORTS" reached the end of their rope!
They also do it to validate the S/R and fibo levels, pivots and mid points. It gives the illusion of support
there at that level, when actually there is no support. It wasn't buyers who brought price up, it was the fox
and he validated the level and left "false support" in his wake.
CJ
heheh, "support" or "resistance" until such time as it suits the fox to go the other way...
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by Angat » Mon Mar 11, 2013 7:44 pm
Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could post a couple of trades
setups as and when they happen, I'm sure that will assist me and others in what to look for. (I don't care about the quick
buck, I just want to be consistently profitable).
Cheers
.
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by rosst » Mon Mar 11, 2013 7:51 pm
Captain Jack wrote:Spread widening at close today. This is how they hit stops in those pins and why
some of your orders never close or seem to close before you intend them to. Tricks, tricks and more
tricks....
CJ
Is there an indicator that will mark the candles when this spread widening happens? If it happens and a pin bar forms it
should indicate a reversal - might be a heads up for a trade...
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Aus67 wrote:
Captain Jack wrote:Spread widening at close today. This is how they hit stops in those pins
and why some of your orders never close or seem to close before you intend them to. Tricks,
tricks and more tricks....
CJ
Unbelievable!
What's really unbelievable is what happens during the news spikes and stop hunts. Your platform usually freezes when
they do it, but 50-60 pip spread during "news" in common. It isn't news that spikes price, it's the market maker who only
uses news to cover his tracks.
CJ
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Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could
post a couple of trades setups as and when they happen, I'm sure that will assist me and others in what to
look for. (I don't care about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what you see.
Why did I take the order?
CJ
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Captain Jack wrote:
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If
you could post a couple of trades setups as and when they happen, I'm sure that will assist me
and others in what to look for. (I don't care about the quick buck, I just want to be
consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what
you see. Why did I take the order?
CJ
a "W"
They can be at angles right, as in both bottoms on a gradient?

.
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rosst wrote:
Captain Jack wrote:Spread widening at close today. This is how they hit stops in those pins
and why some of your orders never close or seem to close before you intend them to. Tricks,
tricks and more tricks....
CJ
Is there an indicator that will mark the candles when this spread widening happens? If it happens and a pin
bar forms it should indicate a reversal - might be a heads up for a trade...
I don't use indicators so I don't know...
CJ
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by f451 » Mon Mar 11, 2013 8:06 pm
Captain Jack wrote:
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If
you could post a couple of trades setups as and when they happen, I'm sure that will assist me
and others in what to look for. (I don't care about the quick buck, I just want to be
consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what
you see. Why did I take the order?
CJ
extended period of accumulation (ranging consolidation), move up, spread (range) widens in both directions with a pin at
the top to trap traders long, then rapid reversal to trap traders short, price accelerates back up to levels of the first top
and pin, with a wide spread bar - bingo - enter short with a tight stop just above the previous top
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by Aus67 » Mon Mar 11, 2013 8:08 pm
Angat wrote:
Captain Jack wrote:
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really
opened my eyes. If you could post a couple of trades setups as and when they
happen, I'm sure that will assist me and others in what to look for. (I don't care
about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the
thread...tell me what you see. Why did I take the order?
CJ
a "W"
Wouldn't that indicate that you anticipate price to go up!?!! ...
is it not that the price has now grabbed the longs and will drag them to their demise?
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So you wouldnt think the last 3 (1h) candles is a bullish flag?
Maybe an "M" forming on the 5 min right now?

.
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Angat wrote:
Captain Jack wrote:
Cheers
CJ
a "W"
"W" indicates a BUY on the 2nd leg up...that trade has past....
CJ
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Captain Jack wrote:
Angat wrote:
Captain Jack wrote:
Angat wrote:Hi CJ, thanks for all your trading tips so far, they
have really opened my eyes. If you could post a couple of trades
setups as and when they happen, I'm sure that will assist me and
others in what to look for. (I don't care about the quick buck, I just
want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After
reading the thread...tell me what you see. Why did I take the order?
CJ
a "W"
CJ
A RTT with a M forming on the 5min ?

.
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f451 wrote:
Captain Jack wrote:
Cheers
CJ
extended period of accumulation (ranging consolidation), move up, spread (range) widens in both
directions with a pin at the top to trap traders long, then rapid reversal to trap traders short, price
accelerates back up to levels of the first top and pin, with a wide spread bar - bingo - enter short with a
tight stop just above the previous top
Not bad and very close...did you see the "M"?
CJ
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by Aus67 » Mon Mar 11, 2013 8:18 pm
Angat wrote:So you wouldnt think the last 3 (1h) candles is a bullish flag?
Hi Angat
Hmm, I am thinking (and could be wrong) that the bullish flag is what the fox wants you to see...
My thinking was that the last swing low was higher than the previous, so their is a lack of shorts for the fox to devour...so
she has pushed price higher to trap more longs, only to pull price down to get their stops.!
mate I am very much only a learner as well...so my theory could be all wrong
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Angat wrote:
Captain Jack wrote:
Angat wrote:
Captain Jack wrote:
Angat wrote:Hi CJ, thanks for all your trading tips so

far, they have really opened my eyes. If you could
post a couple of trades setups as and when they
happen, I'm sure that will assist me and others in what
to look for. (I don't care about the quick buck, I just
Cheers
I just threw this one on here, it's just a tad late but what do you
see? After reading the thread...tell me what you see. Why did I
take the order?
CJ
a "W"
CJ
A RTT with a M forming on the 5min ?
You're getting a lot hotter. The "M" is visible on the 15M as well....this is Asian and price ranges....there could be a pin
to the high later when the spread widens.... lower than the previous pin.... but it will be London before we know for
sure....
CJ
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Great thanks, so the first "W" failed, however would we have traded it and perhaps stopped out? or is there something
to say the ignore this one.
Perhaps the second leg needed to be the same height as the first? (w/o the pin)
.
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by mjws00 » Mon Mar 11, 2013 8:30 pm
Yeah, I took it on EURJPY. Beautiful little M formation on 15M. Pretty enough I wonder it they'll have to mess it up a
bit. Wondering if London stop hunts it north though before we get a real drop. Guess we'll find out.
You think they got a few more spikes in them, CJ? Or are we close to shifting away? 20 pip shift and it can range all
evening for all I care. I'll swing it though if given the opportunity.
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mjws00 wrote:Yeah, I took it on EURJPY. Beautiful little M formation on 15M. Pretty enough I wonder it
they'll have to mess it up a bit. Wondering if London stop hunts it north though before we get a real drop.
Guess we'll find out.
You think they got a few more spikes in them, CJ? Or are we close to shifting away? 20 pip shift and it can
range all evening for all I care. I'll swing it though if given the opportunity.
Please post a screen of your one, I cant seem to see it.

.
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What I saw to make me want to put a trade on here....
CJ
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Angat wrote:Great thanks, so the first "W" failed, however would we have traded it and perhaps stopped
out? or is there something to say the ignore this one.
Perhaps the second leg needed to be the same height as the first? (w/o the pin)
I'm not sure why you are saying the "W" failed....I took several trades based on the "W"....
CJ
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I think I'm in love with CJ
So if we see huge spikes in either direction that a tell tell sign thats something fishy is about to happen.
TP on this move? 30 pips? or would you stay in and ride the stop hunt in the london session? Or was that the spot hunt
just now and there's another one later too?
.
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by elvis » Mon Mar 11, 2013 8:58 pm
CJ, how do you know what the "true direction" will be?
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by spotdespot » Mon Mar 11, 2013 8:59 pm
Captain Jack wrote:

I'm not familiar with WMD's work, you are welcome to discuss his ideas here if he gives different reasoning
than I do. I'd actually like to hear it.
The concepts I bring forth require you to toss a lot of what you know about forex out the window, or more
so, what you have been told about forex. To grasp what I am saying, you need an open mind. You need to
be able to accept something that goes against the masses, perhaps against logical reasoning.
I read that you put a lot of faith in trend lines. They seem to work well. You are supposed to rely on trend
lines, S&D areas and a lot of other things. You KNOW price is drawn to these areas. Where we differ is
that I know that price is not drawn to them, but that a market maker drives price to certain points, to create
trend lines where large numbers of traders will gather. Where price interacts with a trend line could be
considered a point where the market makers make a lot of money
Market makers. One for each session, per time zone, per bank. There are "dealers" at various levels below
them but the central banks guide price. Let the speculators get out of hand and you will see a crushing
intervention. They interact with each other. They know where every line is because they are the one who
create the points that comprise the lines. They are the artist that paints everything you see on your price
screen. But most important of all, they are the candle makers.
A trend line to me is one of the lesser evils. They are visual aids and I will throw one on a chart now and
then for reference when plotting price. No matter how easy it looks using trend lines, many traders get
butchered at the points that create them. That's why price returns.
Those trend lines are also indicating a "range" area. This range area is the same you see in the Asian session
each day. Price has been consolidating in this range for months. What you have just seen, this past week, is
the widening of this range, on the 4H charts. You are seeing the resetting of the 4H high and 4H lows the
same as you would the resetting of the intra day high and lows. This process will takes weeks, maybe a
month or two. There will be a break above or below this new range and a massive stop hunt will take
place, out of which a new trend will emerge. This is where I expect the lows to be near 112-113.00 areas.
Crazy stuff huh?
If you thinks it's crazy, compare the price forecast chart for EURGBP that I posted last week. Look at the
shape of the pattern I posted, compare it to the shape of the move that just occurred. Look at the low point
on the last "W" that printed on Friday and compare it to the forecast chart. Crazy stuff, but we all know
price can't be predicted don't we.
Lines and indicators tell us where price has been, but if you listen, price will tell you where it's going.
CJ
Thanks for the extensive reply and my apologies for not coming back sooner (apologies to xrismak too) - I have been
head down in other areas and this thread has grown very quickly when my back was turned!! Anyway - I will reply
properly and hopefully add something useful when I get a chance (very late here now) and as of tomorrow I am travelling
for a week so no doubt some serious catching up when I'm back. One quick point re trendlines/S/R/Supply/Demand - I
may have given the wrong impression about how I use them. I view them as areas/zones where something is more likely
to happen than other areas - they allow me to get a "heads up" as I am still looking through a dirty screen so until I get
my head around all this they are a useful prop.
I know I can make money now - what this opens up is a whole new world. Looking forward to a lightbulb moment that I
am sure is not that far away.
Have a great week.
Cheers,
Dave.
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by f451 » Mon Mar 11, 2013 9:04 pm
Captain Jack wrote:
f451 wrote:
Captain Jack wrote:
Angat wrote:Hi CJ, thanks for all your trading tips so far, they
have really opened my eyes. If you could post a couple of trades
setups as and when they happen, I'm sure that will assist me and
others in what to look for. (I don't care about the quick buck, I just
Cheers
I just threw this one on here, it's just a tad late but what do you see? After
reading the thread...tell me what you see. Why did I take the order?
CJ
extended period of accumulation (ranging consolidation), move up, spread (range) widens in
both directions with a pin at the top to trap traders long, then rapid reversal to trap traders
short, price accelerates back up to levels of the first top and pin, with a wide spread bar -
bingo - enter short with a tight stop just above the previous top
Not bad and very close...did you see the "M"?
CJ
I did see the big M. I bet there was a little M on a lower timeframe too.
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I have just seen one of mauro's videos and its all so clear now. It's going to take a while to learn what to look for but it
makes total sense.
.
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by Pueo » Tue Mar 12, 2013 1:23 am
CJ - Thanks Mate! This couldn't come at a better time for me. I have the newest Al Brooks books in my cabinet, read
them each twice, took extensive notes, etc. You're right he has price action under a microscope, that's a great way to
describe it. It might be good for a doctor, but it was a disaster for me. I started thinking that I knew every movement and
pattern while it was developing and on the lower timeframes to boot... Ouch. The worst was trying to erase it from my
head. lol. I've got 5 years of effort in this game with mostly lots of bruises, getting some serious aha moments reading
your thread. I've been so confused at how there could be no order/rhyme/reason (according to my views of course) and
unsatisfied with attempts to forecast using indicators (although 10.4 is well done). Thank you. This could be life changing
for me and I'm psyched!!!
I will be a 100 lot trader : )
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by Pueo » Tue Mar 12, 2013 1:50 am
Captain Jack, there was a trader with your name that used to frequent the diamonds room, is that you?
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by erikskenne » Tue Mar 12, 2013 2:14 am
Hi CJ
Does this qualified me as a minor fox, not with out help of course,
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This is nice to be learning from the pro,
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Pueo wrote:CJ - Thanks Mate! This couldn't come at a better time for me. I have the newest Al Brooks
books in my cabinet, read them each twice, took extensive notes, etc. You're right he has price action
under a microscope, that's a great way to describe it. It might be good for a doctor, but it was a disaster
for me. I started thinking that I knew every movement and pattern while it was developing and on the lower
timeframes to boot... Ouch. The worst was trying to erase it from my head. lol. I've got 5 years of effort in
this game with mostly lots of bruises, getting some serious aha moments reading your thread. I've been so
confused at how there could be no order/rhyme/reason (according to my views of course) and unsatisfied
with attempts to forecast using indicators (although 10.4 is well done). Thank you. This could be life
changing for me and I'm psyched!!!
Al Brooks is the Einstein of price action. Too bad we aren't the all Einstein's as his students. His books are good stuff but
man are they hard to follow.
Sometimes we micro focus on something and are so close to it, we actually can't see it. It pays to step back and take a
broader view sometimes.
Glad to be of help to you and others here. There is light at the end of the tunnel, sometimes it just takes a little longer for
some of us to reach it.
CJ
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spotdespot wrote:
Captain Jack wrote:
CJ
Thanks for the extensive reply and my apologies for not coming back sooner (apologies to xrismak too) - I
have been head down in other areas and this thread has grown very quickly when my back was turned!!
Anyway - I will reply properly and hopefully add something useful when I get a chance (very late here now)
and as of tomorrow I am travelling for a week so no doubt some serious catching up when I'm back. One
quick point re trendlines/S/R/Supply/Demand - I may have given the wrong impression about how I use
them. I view them as areas/zones where something is more likely to happen than other areas - they allow
me to get a "heads up" as I am still looking through a dirty screen so until I get my head around all this they
are a useful prop.
I know I can make money now - what this opens up is a whole new world. Looking forward to a lightbulb
moment that I am sure is not that far away.
Have a great week.
Cheers,
Dave.
Travel safe Dave!
CJ
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Pueo wrote:Captain Jack, there was a trader with your name that used to frequent the diamonds room, is
that you?
You talking about day trading? I don't think it was me but I've made the rounds over the years.
CJ
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by lhDT » Tue Mar 12, 2013 3:24 am
Hi CJ,
Always cool to read you

Is this qualifies for a short trade ?
++
Lio
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erikskenne wrote:Hi CJ
Been out for a bit...just got back. I was getting worried on the Yen crosses for a bit as it looked like the previous high
was going to be taken. As long as the previous high holds, your trade is good as are a lot of mine.
They "spread" a pin up above the old pin high, but this does not invalidate the trade. What is important here is how long
they held the level at the high and didn't pass it. This "normally" indicates buying the dip and going long....it's "dipping"
now....but a dip and rise could lead to a nice reverse and drop into the NY session. A new high invalidates this trade and
we should exit.
CJ
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by mjws00 » Tue Mar 12, 2013 3:41 am
Took that quickie out of EJ. Junior Foxy glasses were fine. Looking for another entry when London shows its hand.
Didn't feel like letting profit ride. My trigger finger works nicely should it break down. 50+40... got a nice tight add, tiny
stop. Junior fox is happy. On to the next one.
She made a much larger prettier M, but I took the first one off the pin.
EJ quickie. Looking to Reload.
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erikskenne wrote:This is nice to be learning from the pro,
How about introducing this old, retired coal miner to him?
CJ
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lhDT wrote:Hi CJ,
Always cool to read you

Is this qualifies for a short trade ?
++
Lio
Hi Lio,
Thanks for the kind words.
The price action on this pair is kinda of choppy right now at this level. I am short the pair, and some brokers printed a
RRT pattern on the H4 time frame. They pinned price high, to a well established pivot, so they "validated" the resistance
at that level. This is "false resistance" as sellers did not enter there, price reached and fell from that point because of the
market maker, who was trying to 'sell" it higher. This could be the start of 1- 3 days of dropping prices.
CJ
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mjws00 wrote:Took that quickie out of EJ. Junior Foxy glasses were fine. Looking for another entry when
London shows its hand. Didn't feel like letting profit ride. My trigger finger works nicely should it break
down. 50+40... got a nice tight add, tiny stop. Junior fox is happy. On to the next one.
She made a much larger prettier M, but I took the first one off the pin.
Nothing wrong with booking the green pips, that's how they stay green. This one may drop straight away.....
CJ
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elvis wrote:CJ, how do you know what the "true direction" will be?
The true direction is the one the fox takes price after a consolidation and stop hunt. Normally, you wait for it to show.
CJ
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by Angat » Tue Mar 12, 2013 4:26 am
Captain Jack wrote:
The true direction is the one the fox takes price after a consolidation and stop hunt. Normally, you wait for
it to show.
CJ
So if the stop hunt is at the low of the asian range, it then pulls back, and then pulls back again to continue lower, does
that mean the true direction is short?
i.e. like what is happening with GBPJPY?
EDIT: Unless I drew the asian session incorrectly and there was a small spot hunt up and a standard breakout pullback
setup at the bottom?
.
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by mjws00 » Tue Mar 12, 2013 4:47 am
LOL was still net short from that earlier stupidity. But that was light compared to how I loaded from the top Back to
flat with a healthy profit is good for us rookies. I will sleep well. I gotta learn to load em up when the entries are perfect.
Ramping up slowly, but trying to get the feel for tight adds. I have always waited until they had a bunch of room to swing
instead of getting them in early.
I like the longer moves, but I missed one chance to wipe that stupid move, and I wasn't missing again. Too distracting. I
am not built to let them draw down. Cut them fast, re-enter if you must works so much better for me.
I know for a fact your board is green as hell. That was a beautiful move. Time for a nap.
Mike
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by eltax100 » Tue Mar 12, 2013 4:48 am
looked like a nice BARF ? on AUDJPY 15
CJ you have shown us some real gems and I cant get them out of my head !!
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by BritShrtHair » Tue Mar 12, 2013 4:54 am
Captain Jack wrote: This one may drop straight away.....

CJ
Nothing out of the ordinary for CJ but I'm flabbergasted.

Nice call.
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by mjws00 » Tue Mar 12, 2013 5:01 am
Angat wrote:
Captain Jack wrote:
The true direction is the one the fox takes price after a consolidation and stop hunt. Normally,
you wait for it to show.
CJ
So if the stop hunt is at the low of the asian range, it then pulls back, and then pulls back again to continue
lower, does that mean the true direction is short?
EDIT: Unless I drew the asian session incorrectly and there was a small spot hunt up and a standard
breakout pullback setup at the bottom?
Angat. Asia blew out the box. They hit the stops high and triggered the 126.00 pendings. Faked low and trapped weak
shorts. Retested the top and took out the very weak tights, but never let the trapped bulls out. Then just jammed it home.
Frankie Pulled back 20 pips, but there was no consolidation for them to fade and fake. Too much trouble to drive it up,
when there was so much waiting down below. So they just hit the straightaway and drove it down. We've bounced to
breathe at Yesterdays London and NY Low. 90% ATR they've thrown the first pin to stop it.
I'd say they shake it out a bit before the next leg, but I'm a junior. They may well have more carnage on the mind.
Green pips ya'll. See ya in NY.

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mjws00 wrote:
Angat wrote:
Captain Jack wrote:
elvis wrote:CJ, how do you know what the "true direction" will
be?
The true direction is the one the fox takes price after a consolidation and stop
hunt. Normally, you wait for it to show.
CJ
So if the stop hunt is at the low of the asian range, it then pulls back, and then pulls back again
to continue lower, does that mean the true direction is short?
EDIT: Unless I drew the asian session incorrectly and there was a small spot hunt up and a
standard breakout pullback setup at the bottom?
Angat. Asia blew out the box. They hit the stops high and triggered the 126.00 pendings. Faked low and
trapped weak shorts. Retested the top and took out the very weak tights, but never let the trapped bulls
out. Then just jammed it home. Frankie Pulled back 20 pips, but there was no consolidation for them to
fade and fake. Too much trouble to drive it up, when there was so much waiting down below. So they just
hit the straightaway and drove it down. We've bounced to breathe at Yesterdays London and NY Low.
90% ATR they've thrown the first pin to stop it.
I'd say they shake it out a bit before the next leg, but I'm a junior. They may well have more carnage on the
mind.
Green pips ya'll. See ya in NY.
Thank you that makes sense. I was expecting the stop hunt to happen later towards the london open rather than earlier
on in the asian sess. So I take it the move for most Jpy pairs will be down until they reverse around the NY session.
.
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by pips400 » Tue Mar 12, 2013 5:20 am
Okay time for the opticians, and have my vision checked.
CJ asks "What do you see?" Here is my answer:
There are two realities here depending upon which side of the screen you're watching. There's the reality we are
supposed to think is there, and the real "darker" truth lurking just under the surface, but close enough to spot if you know
what to look for. This is the realm of the fox, who doesn't rely upon brute force to influence price, but like a small rudder
on a large ship can move massive weight through minor adjustments, the fox is able to manipulate price feeding upon
sentiment, fear and greed to get what he wants. In his world, there are other forces at work, fundamentals, news,
monetary policy all contribute to create turbulance and volatility in which the fox thrives. His goal is to take our money.
He does this by drawing in both buyers and sellers by promising gain, but the promises are empty and he is cruel,
because once you're in you can't get out without taking a loss. Where he seems to have greatest opportunity are at times
of price exhaustion or to create areas of confusion using Asian, London and US sessions as his edge. The old saying is
particular apt here "keep your friends closer, and your enemies closer still". You can't beat the fox, but if you can see
where he is at work, by the footprints he leaves behind, you can learn to play him at his own game. On the chart, there
are three main areas of interest, which continually move, are the upper limit, the lower limit and the "baitline" which is in
the middle. Out on the limits, both buyers and sellers are trapped. They are trapped because they believe they have seen
a new price move which entices their order placement, only to soon discover price reverse against them but then not let
them back out or if they're lucky, they might get to break even. If they place hedge trades, then so much the better,
because a trade is a trade and the more trades the more the fox makes. And so to play with the fox, we aren't looking
for breakouts, but the false breakout, we aren't looking for trend but counter trend, range trading. To profit here, we are
trading out on the edge, at the upper and lower limit but back towards the "bait line". The pattern we are looking for is
the W and M formation, which can be seen on every time frame, and on a higher TF could be seen as a RRT pattern.
But the trick here is to move quickly, because the fox is quick, otherwise you'll be left behind, only to admire his work
after the W or M has been completed. You have to get in the trade whilst the pattern is being formed, or in the second
leg. So for the W, we're looking for down up down then trade long, or for the M, we're looking for up down up then
trade short. Clues to look for at pinbars which are like flags waving here I am, and then we're waiting for a return to this
level, then place the trade as soon as price begins to retrace towards the "baitline". Eventually, the fox will disappear and
allow the momentum and fundamentals to have their day, but he'll be back again and start the process all over again.
So that's what I see. I wonder if I need a new set of glasses?

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by hannele » Tue Mar 12, 2013 5:55 am
pips400,
I think you can see pretty clearly. Thanks the way you worded that, just cleared my lenses bit more.
tut tut hannele
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pips400 wrote:Okay time for the opticians, and have my vision checked.
You will soon be able to throw away your glasses as you vision is getting much better!
Chasing the sly fox wears this old man out...taking a rest....now where's that 'shine?
CJ
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by Aus67 » Tue Mar 12, 2013 6:12 am
Captain Jack wrote:What I saw to make me want to put a trade on here....
CJ
Hi CJ
If you have a second could you briefly explain what is meant by the terms 'trapping volume'?
and 'continuation'
cheers
Daryl
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by pips400 » Tue Mar 12, 2013 6:19 am
hannele wrote:pips400,
I think you can see pretty clearly. Thanks the way you worded that, just cleared my lenses bit more.
tut tut hannele
Thanks hannele, glad it helped.

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Aus67 wrote:
CJ
Hi CJ
and 'continuation'
cheers
Daryl
I'll go back and check on the continuation....but "trapping volume" is sticking the largest amount of contracts or positions.
When they spike it low and get a lot of people looking to short, they pull price back above them. Then they will drop it
again, only not as low as before, enticing more shorts, but not letting the others out of their positions. Price is still above
then. They will do this and trap a large volume of shorts, then move price away from them....forcing them to sell at a loss.
Draw a descending trend line and you will see that after a short rise, they dropped price quickly - one candle. If you
draw the descending trend line, you will see it was near the point of drop. They were trying to say the down trend was
still in effect. Continuation of the down trend so they could get some more shorts before moving price away from them
again.
CJ
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Captain Jack wrote:You will soon be able to throw away your glasses as you vision is getting much
better!
CJ
Holy crap ! What about free margin ?
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by Aus67 » Tue Mar 12, 2013 6:39 am
Captain Jack wrote:
CJ
Bugger me! that is bloody impressive!

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lhDT wrote:
Captain Jack wrote:You will soon be able to throw away your glasses as you vision is
getting much better!
CJ
Holy crap ! What about free margin ?
What "free" margin Lio? You mean I had some more I could have used.
CJ
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by Aus67 » Tue Mar 12, 2013 7:26 am
Captain Jack wrote:
Aus67 wrote:
CJ
Hi CJ
and 'continuation'
cheers
Daryl
I'll go back and check on the continuation....but "trapping volume" is sticking the largest amount of
contracts or positions. When they spike it low and get a lot of people looking to short, they pull price back
above them. Then they will drop it again, only not as low as before, enticing more shorts, but not letting the
others out of their positions. Price is still above then. They will do this and trap a large volume of shorts,
then move price away from them....forcing them to sell at a loss.
Draw a descending trend line and you will see that after a short rise, they dropped price quickly - one
candle. If you draw the descending trend line, you will see it was near the point of drop. They were trying
to say the down trend was still in effect. Continuation of the down trend so they could get some more
shorts before moving price away from them again.
CJ
Thank you, Oh my God, I didn't realise the fox was such a nasty beast!
Attached is the GBpAud 1Hour chart... Is this another example of trapping short volume? with a rise to follow?
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Captain Jack wrote:
erikskenne wrote:Hi CJ
Been out for a bit...just got back. I was getting worried on the Yen crosses for a bit as it looked like the
previous high was going to be taken. As long as the previous high holds, your trade is good as are a lot of
mine.
They "spread" a pin up above the old pin high, but this does not invalidate the trade. What is important here
is how long they held the level at the high and didn't pass it. This "normally" indicates buying the dip and
going long....it's "dipping" now....but a dip and rise could lead to a nice reverse and drop into the NY
session. A new high invalidates this trade and we should exit.
CJ
Thanks for yr answer

Went out with nice profit, missed the W on 5min, there is always another trade right?
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Captain Jack wrote:
erikskenne wrote:This is nice to be learning from the pro,
How about introducing this old, retired coal miner to him?
CJ
No problem as an old sailor I know exactly what you should do, take yr left hand and grab yr right
hand and start to shake it, now when you met you should be happy and make a cup of coffe and enjoy.
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Captain Jack wrote:
CJ
WOW
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by xrismak » Tue Mar 12, 2013 8:26 am
Peeps,
Oh Dear, my Hunch was Right but I fell asleep and missed taking loads of Profit but ehhhh I'll Live with what I could
take, next time I'll Stay awake take the Profits first and then fall Asleep
CJ, I am outfoxing em, I am loving this now.
Now I am going to move along and find something else for my next set of trades.
xrismak.
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So when the best times to look for these setups?
Just wanted to go long on a pair when there was a second leg of the W, guess what my broker did? Requotes,
Requotes, Requotes within a 20pip range. Call them up and they said it was a server error and I have to message
support for a reimbursement if I lost. Clearly they scam everyone, and those that complain get reimbursed, but the
reimbursement works out to nothing compared to what they scammed.
.
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by mjws00 » Tue Mar 12, 2013 10:22 am
Captain Jack wrote:
CJ
You are too generous and transparent man. You know some of us keeners will plot and study each one of those, right?
You earned the sip, and the nap. Hell I felt like I'd earned mine and I quit an hour earlier
Thanks.
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by Kruspe » Tue Mar 12, 2013 10:54 am
Look at average position on EJ from all positions of myfxbook - some kind of SSI (green is av. buy price, red is av. sell
price). After the fox will hunt more buys, they push the price inbetween these lines. To stuck all of them (longs and
shorts)
Once you "see", you can not unsee. CJ
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by Lara » Tue Mar 12, 2013 10:58 am
You are too generous and transparent man. You know some of us keeners will plot and study each one of those, right?
Thanks.
You took the words right out of my mouth Mike - I'm sitting here checking each entry and exit and doing my best to see
what the captain saw
Many thanks for this CJ - not many traders of your calibre would share their actual trades. It makes it so much easier to
understand your trading style when you can actually see the trade details. Oh well back to line 25 of the account printout.
Lara
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by mjws00 » Tue Mar 12, 2013 10:59 am
Kruspe what a brilliant piece of work. The gears just started whirring again. That is dangerous.
Mike
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Here is a resource what I was talking about. I hope I can share external link ?
http://www.myfxbook.com/community/outlook
Btw look at all average positions. Almost all longs/ shorts are in red pips. What a coincidence, right
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by casapips » Tue Mar 12, 2013 11:31 am
Mon Capitaine,
A RTT on gold 4H & a M patern on 15 min.. I am not mistaken
Great Thread CJ
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My H4 closes in 3 minutes. A couple of Pin alerts.

For a learning process, which one are the good ones ?
EUR/USD
EUR/NZD
USD/NZD
USD/CHF
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by Pueo » Tue Mar 12, 2013 12:33 pm
Re: Daily Summary
Holy Sh*t Captain!!, now that is a good days work!!!

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by xrismak » Tue Mar 12, 2013 12:49 pm
Pueo wrote:Re: Daily Summary
Holy Sh*t Captain!!, now that is a good days work!!!
Capitaine CJ,
I am not sure if it's my Eyes, Luck or I am Learning faster than I think, I just keep on getting them and reeling in the Pips
Slowly but Surely with your M and W formations.
It's begun to get Sunny even though it's Snowing in London England, loving this @ very much.com
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by mjws00 » Tue Mar 12, 2013 1:18 pm
Heh. You'll definitely see some patterns on 1M xrismak. But notice how many times they throw a spike, and an M or W
while driving it up the edge of the band. It gets pretty important to try and figure out which are meaningful. Playing that
tight and small gives the fox a lot of opportunity to trick, trap and fake you out.
If you are nimble enough it sure is pretty how they work the same feeding patterns on every timeframe. Bait em, shift the
zone, bait em again, shift it. Spke em out turn it back. Cool how often the second leg pays out. I couldn't make the
bands work well on 1 min. They spend too much time hugging one edge. Basic SD zones and an ema for eyeballing how
far they are pushing from the mean. Its like taking candy from a baby. Only the baby bites, and the spread eats too much
of a percentage of profits.
If you can do it there, pulling it off when you are paying 1 pip to get 100, and have all the time in the world is a no-
brainer. Plus they can't just spike it off your chart in one move (very easily).
Mike
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by Angat » Tue Mar 12, 2013 1:34 pm
It seems the best time to trade would be from early morning like 4am to 18pm GMT. Then after the 18pm GMT the
second reversal has happened and the market should go into range mode for the asian session with limited setups. Then
you wake up at 4am, identify the asian session range, wait for the stop hunt if it hasnt already happened and hopefully it
will show u the true trend of the day. Round about 13:00 GMT after the true trend has reach a new low/high, be on the
lookout for a reversal. Finally close out your positions by 18:00. All whilst looking for additional quick scalping
opportunities on the small timeframes using the "M" and "W" patterns.
Would you say this is about right CJ?

.
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by mjws00 » Tue Mar 12, 2013 2:20 pm
Your location is London. You are golden. Get up one hour early for Frankie. (7:00ish) Glance at the chart to see WTF
asia did. Watch for the fade. Take the main move of the day. Have your lunch because you are privileged enough to live
in the right spot. Trade the afternoon possible turn during the crossover with NY. Stick around for the dead half of NY if
it is moving and you feel like it.
I'd kill to live where you live. !!! I have to take an evening nap. Get up for 11-3,4,5 am. Rest. Try and reboot for NY
open and turn. Then figure out how to do some real work for the day.
Mike
CJ has it almost as bad as me

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by SWG123 » Tue Mar 12, 2013 2:31 pm

mjws00 wrote:Your location is London. You are golden. Get up one hour early for Frankie. (7:00ish)
Glance at the chart to see WTF asia did. Watch for the fade. Take the main move of the day. Have your
lunch because you are privileged enough to live in the right spot. Trade the afternoon possible turn during
the crossover with NY. Stick around for the dead half of NY if it is moving and you feel like it.
I'd kill to live where you live. !!! I have to take an evening nap. Get up for 11-3,4,5 am. Rest. Try and
reboot for NY open and turn. Then figure out how to do some real work for the day.
Mike
CJ has it almost as bad as me
Heh, heh, almost got me feeling sorry for you Mike. Even better where I am - got time for breakfast as well, or a walk
on the beach ...
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by mjws00 » Tue Mar 12, 2013 2:56 pm
SWG123 wrote:Heh, heh, almost got me feeling sorry for you Mike. Even better where I am - got time for
breakfast as well, or a walk on the beach ...
You wouldn't even believe how much money this timezone costs me. I punch out early and leave stuff on the table all the
time for the sake of my health and family. And a moderate attempt not to be a reclusive zombie.
I did look at Cape Town as a possible place to spend some time. Entirely based on timezone, and of course scenery and
climate. Got a few years to stick around here while my kids finish up school, then my wife and I hit somewhere warm.
Might be Hawaii or one of the nice little South American countries. I can be in Kona in ~6 hrs... that is not too bad It
also makes my wife happy, and that is key.
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by Pueo » Tue Mar 12, 2013 3:00 pm
mjws00 wrote:
SWG123 wrote:I can be in Kona in ~6 hrs...
My gf and I spent 3 months in Kona last year, loved it. For the best trading time-zones, check out Thailand. I lived there
for 3 years, it was awesome.
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by SWG123 » Tue Mar 12, 2013 3:23 pm
mjws00 wrote:You wouldn't even believe how much money this timezone costs me. I punch out early and
leave stuff on the table all the time for the sake of my health and family. And a moderate attempt not to be a
reclusive zombie.
I did look at Cape Town as a possible place to spend some time. Entirely based on timezone, and of
course scenery and climate. Got a few years to stick around here while my kids finish up school, then my
wife and I hit somewhere warm. Might be Hawaii or one of the nice little South American countries. I can
be in Kona in ~6 hrs... that is not too bad It also makes my wife happy, and that is key.
Sounds like a plan. And you've got the balance right.
Nail down the trading and the world's your oyster.
Cheers,
Steve
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by mjws00 » Tue Mar 12, 2013 3:30 pm
Hey Lio. Didn't look at them all yet. Here is a pretty picture with foxy glasses on EURUSD.
Little Euro Love.
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by Aus67 » Tue Mar 12, 2013 4:10 pm
mjws00 wrote:Hey Lio. Didn't look at them all yet. Here is a pretty picture with foxy glasses on
EURUSD.
Hey Mike great annotation!!
Talking about pretty pictures. Does this look familiar? CHFJPY 15min.
As CJ said you will see the same pattern on any pair, any time!
Gee has this opened my eyes! all we have is price!
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by Jason » Tue Mar 12, 2013 4:29 pm
Lara wrote:You are too generous and transparent man. You know some of us keeners will plot and study
each one of those, right?
Ummm, I'm guessing you shouldn't have said that because I can't see anything now, lol
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by mjws00 » Tue Mar 12, 2013 4:31 pm
Yep shows correlation perfectly. EURCHF is artificially held and chopped. USDJPY pretty much held and chopped
while they worked the crosses. CHFJPY is the love child. Just the odd spike thrown slightly a little differently to catch
the current crowd at the time. I don't watch the interactions that closely, until they decouple. If the pattern is exactly the
same... I'm unlikely to take the trade twice. It is one idea, so only gets one "lot" of risk for me.
Really is beautiful when it clicks. My jaw drops often when I see how well this is executed.
Mike
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by Aus67 » Tue Mar 12, 2013 4:46 pm
Hi CJ
For me, a difficult aspect of learning to trade naked (not literally) is the lack of sexy indicators that fill my brain with
price expectations.
Even though you have taught this expectation 'will be wrong' and my account, like many, will prove that is is wrong, the
indicator is something for us to visually grab on to.
Naked trading as you teach it, does resonate with me and I know that if I, in time, can learn to trade this way it will be
profitable. I know it is early days for me trading this way but I am still sensing a 'void' of information on the screen.
I have attached the AUDJPY 15min chart with what I think will happen to price in the next day or so. My projection is
only based on my level of knowledge of 'the fox' and her tactics, so will most likely be way off the mark. If so, I hope
you can say no it wont do that because of this!!
I find myself looking at a chart and thinking 'what now'?? What will the fox do now and where will I jump in?? and not
really having a clue.
Is this the normal 'learning curve' for naked trading? or am I just unwittingly dim!
Thanks again for an amazing thread!

Daryl
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by Aus67 » Tue Mar 12, 2013 4:49 pm
mjws00 wrote:Yep shows correlation perfectly. EURCHF is artificially held and chopped. USDJPY pretty
much held and chopped while they worked the crosses. CHFJPY is the love child. Just the odd spike
thrown slightly a little differently to catch the current crowd at the time. I don't watch the interactions that
closely, until they decouple. If the pattern is exactly the same... I'm unlikely to take the trade twice. It is one
idea, so only gets one "lot" of risk for me.
Really is beautiful when it clicks. My jaw drops often when I see how well this is executed.
Mike
Ha Mike you are all over it!
Maybe I will have this level of overall understanding someday!
cheers
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I wonder why CJ doesnt trade the cable or the fiber so much?

.
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A small catch here and there will make a big river some day, just have to handle the psyc
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by Aus67 » Tue Mar 12, 2013 5:54 pm
Went long Usdjpy 1hr

Logic: Trapping volume under and around round number. Anticipate their stops to be taken out by the fox.
Well that is the theory anyway!
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by mjws00 » Tue Mar 12, 2013 6:38 pm
Aus67, Marked up your drawing. I don't know crap, but that long scares me. 30 pips and I reverse it, if they don't slam
it through to retest the highs. You read the W perfectly, the broader picture is the bit that scares me. This is a crazy pretty
reversal pattern.
You might chop all the way through Asia and into London before they move this.
I'm usually early, so you may get your leg on the larger TF. I sell this MOFO, and morgtage the house to do so when
they show their hand. Or if Asia tests hard first, or just shoves it down without retesting.
I'll defer to the master. Just two bits.
Mike
Couple thoughts.
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by Aus67 » Tue Mar 12, 2013 6:45 pm
mjws00 wrote:Aus67, Marked up your drawing. I don't know crap, but that long scares me. 30 pips and
I reverse it, if they don't slam it through to retest the highs. You read the W perfectly, the broader picture is
the bit that scares me. This is a crazy pretty reversal pattern.
I'm usually early, so you may get your leg on the larger TF. I sell this MOFO, and morgtage the house to do
so when they show their hand. Or if Asia tests hard first, or just shoves it down without retesting.
Mike
Hi Mike
Mate I think you are right..I had a tight sl and am already out. If it wasn't going to move north I was out.
I see already there is a move south. I can see the hunts but don't really understand like you do the reasoning behind
them.
Cheers for the input!!

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by mjws00 » Tue Mar 12, 2013 6:53 pm
I've never seen chart vision like CJ's he is right a long long ways out. But all we really need is to anticipate a couple
moves.
1. They either have the volume to drive it down. No need to fake, just drive it.
2. They will chop it sideways and accumulate what they need and frustrate retails.
3. They aren't quite there with the volume and will spike the high one more time maybe to 96.80ish. It will put up a pretty
pattern in all cases.
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by f451 » Tue Mar 12, 2013 7:39 pm
mjws00 wrote:I've never seen chart vision like CJ's he is right a long long ways out. But all we really need
is to anticipate a couple moves.
3. They aren't quite there with the volume and will spike the high one more time maybe to 96.80ish. It will
put up a pretty pattern in all cases.
And the key to which one they choose is whether or not they have the volume already.
Wonder if CJ has a way of knowing that, if it just comes down to experience and intuition.
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by mjws00 » Tue Mar 12, 2013 7:56 pm
I think it is the pure volume of experience. Combined with his broad view. If he has a feel for how the daily needs to
print, then he can see what the 4H might need to do to confirm the pattern. And on down the line integrating things
perfectly to draw the map. So stunning.
He has the plan for how they will unfold it either way along the segment. They really don't have many moves in this
model. They can switch up a leg or two, delay a little, but they have to balance their book. The market is just so big
there is no way to hide the moves, and we are so predictable they don't have to.
Or it is voodoo and bath salts
I'd be in Hawaii for six months with the work he put in last night.
Mike
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by Aus67 » Tue Mar 12, 2013 8:07 pm
mjws00 wrote:I've never seen chart vision like CJ's he is right a long long ways out. But all we really need
is to anticipate a couple moves.
3. They aren't quite there with the volume and will spike the high one more time maybe to 96.80ish. It will
put up a pretty pattern in all cases.
Yeah great methodology!! have to work out which one it is.
I don't know about you guys but CJ and this stuff still has my jaw on the floor!
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by mjws00 » Tue Mar 12, 2013 8:14 pm
I'm back up off the floor and just in heaven. Click bang boom in my head. Still need to work and work and work and
refine until it is instinct.
You don't have to predict any of the above, models. Just let them play out and they will show you. They will print a
perfect little M or throw a spike. Worst case they just start to run it down... wait for the pause and sell the second leg.
Easy game. LOL
Mike
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Please continue to show screenies when you find them, I'm still working on whats a high probability M and W. I see
them all over, but I guess if you can find them on the hourly thats better than the 15mins.
.
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Just a quick note folks. taking care of some stuff on the home front so I'll be tied up for a bit. I'll get back to posting
some charts as soon as I can....
Things to note....Asian is to set the range, reset the HOD and LOD....
London usually brings the moves... and NY is good for reversals....saw that with a bunch of them this morning....moves
usually begin 25-50 pips above or below the Asian range....
The cycles are different across the pairs. They are spread so that they all don't coincide....they are staggered across the
pairs..... you can use this info and find "lead pair" and "trailing pair".... who leads and who follows?
What happens on the lower time frames, repeats on the higher, at a later date....you saw some nice price swings on the
15M last night, these will be larger when the patterns hit the 1H, 4H and D1.... more on this later...
Do not try to micro focus to close on this stuff...keep a broad view on the charts, across the time frames...
For those having "indicator with-drawl", put some of your indi's on the screen and watch how price reacts around
them.... you have a better understanding of how the fox uses these indicators and how he moves price to or beyond to
entice action....
Start looking for quality trade setups....don't take everything you see....you will get better at this...
CJ
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Peeps,
Here we Go Again, Like 2 hours before London Open, CJ you are right , reaping some Quick Pips here already.
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by sat79 » Wed Mar 13, 2013 2:15 am
Pueo wrote:
mjws00 wrote:
SWG123 wrote:I can be in Kona in ~6 hrs...
My gf and I spent 3 months in Kona last year, loved it. For the best trading time-zones, check out
Thailand. I lived there for 3 years, it was awesome.
You know why I have stayed here now 1,5 year??
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by mjws00 » Wed Mar 13, 2013 2:39 am
Dear Mr Fox,
Please Bring IT hard today! Jack em up to the moon, shake em up, chew em up, spit em out and leave me a little trail of
bones to follow. When I see you I will hold on to your foxy little tail for dear life.
I am the flea. You don't know of me. I grin from ear to ear, sip my tea, like some sleep deprived maniac. Your
handiwork, and artistry is so beautiful it keeps me up at night. It actually embarrasses me I love your work so much. I
giggle like a school girl with my little flea lungs.
Please never stop. Say hi to my friend the hunter when you see him. Sometimes I think he harasses you just for fun and
spite.
Warmest regards,
Mike
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by Aus67 » Wed Mar 13, 2013 3:54 am
Went Long AudNzd 15min

W pattern at RRT reversal....hopefull thinking like the fox!
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by mjws00 » Wed Mar 13, 2013 4:01 am
If that paints as you drew it, will be very pretty. Nice.

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by mjws00 » Wed Mar 13, 2013 4:06 am
I am shooting for the whole move of the day, so 15M+. I am up and down through them constantly to keep my bearings
straight. It is easy to zoom in too far and get tricked or trapped. But the small TF show tracks the earliest. I am in the
10s charts sometimes right around reversals looking for entries.
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by eltax100 » Wed Mar 13, 2013 5:01 am
Hi guys
A pdf summery on the captains treasure so far, split into 2 parts for file size
Barron
Captains chest naked trading pdf pt_2.pdf

Captains chest naked trading pdf pt_1.pdf

(1.8 MiB) Downloaded 652 times
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by BritShrtHair » Wed Mar 13, 2013 5:37 am
eltax100 wrote:Hi guys
Barron
thanks for a great read.
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by pips400 » Wed Mar 13, 2013 5:46 am
Barron
thanks Eltax, I was half way doing this you've just saved my a whole heap of time, now back to the hunt, cheers
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by Aus67 » Wed Mar 13, 2013 5:56 am
allisonmagic wrote:there wasn't a very good explanation of the RR tracks. can you guys explain a little
more for me ?
CJ or Mike will be the men to nail this question for you...but from an amateur junior fox like me I will try to give you a
pointer.
Attached is the AUDNZD 15min and 1HR chart and the RRT (railroad tracks) are formed from the final big push to hit
stops, then buy widening spreads so that TP arent affected (the fox wants it all his own way) This forms these Pin Bars
and when you drop down to a lower timeframe you will see the M pattern (price to fall) and the W (price to go up).
so in this trade the W is a pin on the larger timeframe.
I hope this makes sense...
Daryl
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by Aus67 » Wed Mar 13, 2013 5:59 am
mjws00 wrote:If that paints as you drew it, will be very pretty. Nice.
Yeah fingers/paws crossed...maybe the fox is watching though

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by eltax100 » Wed Mar 13, 2013 6:04 am
E U RRT ist 1hr then a LH on the 5 min or 15min
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by mjws00 » Wed Mar 13, 2013 6:06 am
Railroad tracks are just two big bars of opposite colors together. With a tight top or bottom If you spot a pretty one on
M30 and jump to 1Hr you will see it makes a perfect pinbar. Nothing fancy.
Here is one set of examples there are dozens and dozens posted:
viewtopic.php?p=46315#p46315
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by Dewey McG » Wed Mar 13, 2013 6:09 am
It's taking a while for this all to sink in and I know I have a ways to go. I have been looking at charts and have this for
the EUR/USD for the last couple days on the 15M time frame. I can see a number of RRT's during the Euro session
which look pretty good. My question is how do you know which ones to take?
The FLOW Plus ALR EA
The Flow plus ALR
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by Jemook » Wed Mar 13, 2013 6:14 am
Captain Jack wrote:What happens on the lower time frames, repeats on the higher, at a later date....you
saw some nice price swings on the 15M last night, these will be larger when the patterns hit the 1H, 4H and
D1.... more on this later...
CJ
Hey CJ, never heard of this idea before and looking forward to you spilling the beans on it. A client and I were
discussing bank manipulation and I passed him on to this thread
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by pips400 » Wed Mar 13, 2013 6:25 am
Check over charts this morning, it's amazing how many reversals take place shortly into the NY session. Can any one
shed some light on the Asian setting the High/Low of Day. I used to trade a London Open Breakout strategy after a low
spread in Asian session, but got hammered too often.
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by mjws00 » Wed Mar 13, 2013 6:30 am
We are trying to catch the second leg as the safest entry with the lowest drawdown. For me that means sitting on my
hands. Here is the EU trade. I took the second leg of that last M, as I am sometimes tempted by lower TF moves.
Likely be tested again on it. But non issue unless they blow out the high and start trapping shorts. There IS trapped short
volume. I am hoping they cleared it out with those two strong spikes up.
I'm sure CJ caught it perfect, I've only had a couple pips DD so far. Didn't want to rush in and sell into that first move by
London. Trying to be patient.
Mike
Thoughts.
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by Aus67 » Wed Mar 13, 2013 6:34 am
Anyone care as to guess what the fox is up to at the green double bottom??...
Is she wanting to hold onto the longs that she already has trapped until she hits there stops in the blue zone? thenhead
long after trapping a heap of shorts under the round number perhaps?
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by mjws00 » Wed Mar 13, 2013 6:46 am
Looks to me like there are so many stops in there, it will take a few runs to clear them out. As long as they are working
the top and not letting bulls breath... you are good. I'm happy with my JPY shorts so far.
GBP sucked me into thinking they may have a continuation day and drop it some more. Fricken Foxy Fox. I could have
had much better entries.
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by Aus67 » Wed Mar 13, 2013 7:09 am
Just shorted GBPCAD ....putting it out there for comments.

Hopefully someone will point out any errors!
Oh dear! I think I have been out-foxed

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by Aus67 » Wed Mar 13, 2013 7:13 am
mjws00 wrote:Looks to me like there are so many stops in there, it will take a few runs to clear them out.
As long as they are working the top and not letting bulls breath... you are good. I'm happy with my JPY
shorts so far.
GBP sucked me into thinking they may have a continuation day and drop it some more. Fricken Foxy Fox.
I could have had much better entries.
Yeah Mike you were spot on with the Yen advice!! I don't really have an understanding at that level....
I took CJ's advice as well about stepping back and trading what I see...giving me a head ache though, trying to out-fox
the fox!
I have found the simulator is a great way to hammer it home!

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by mjws00 » Wed Mar 13, 2013 7:35 am
I think you will love that GBPCAD short. There's a lot of nice confluence, 4H OB, 1Hr OB. Weekly Pivot. Top of ATR.
Near TMA. I can go on an on on that one.
The concern I have is if you look left... there is a ton of airspace to run it higher. My GBPUSD has a similar problem. It
just won't die, ran into pretty solid support. They may need to run it over that pivot to get some fresh bull meat to drive it
down. Only trade I am waiting on. Nothing to do but wait.
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by Angat » Wed Mar 13, 2013 7:42 am
A perfect setup: accumulation, basic manipulation and profit release..
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by mrelectron » Wed Mar 13, 2013 7:56 am
<snip>
A perfect setup:
</snip>
Thanks, that is a good piccy.
I'm struggling a bit with the visual aspect of identifying components in CJ's approach.
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by casapips » Wed Mar 13, 2013 8:21 am
Captain Jack wrote:Just a quick note folks. taking care of some stuff on the home front so I'll be tied up
for a bit. I'll get back to posting some charts as soon as I can....
London usually brings the moves... and NY is good for reversals....saw that with a bunch of them this
morning....moves usually begin 25-50 pips above or below the Asian range....
The cycles are different across the pairs. They are spread so that they all don't coincide....they are
staggered across the pairs..... you can use this info and find "lead pair" and "trailing pair".... who leads and
who follows?
What happens on the lower time frames, repeats on the higher, at a later date....you saw some nice price
swings on the 15M last night, these will be larger when the patterns hit the 1H, 4H and D1.... more on this
later...
Do not try to micro focus to close on this stuff...keep a broad view on the charts, across the time frames...
For those having "indicator with-drawl", put some of your indi's on the screen and watch how price reacts
around them.... you have a better understanding of how the fox uses these indicators and how he moves
price to or beyond to entice action....
Start looking for quality trade setups....don't take everything you see....you will get better at this...
CJ
Hi Mon Capitaine,
What do you mean by resetting the High of The Day / Low of the Day?
All the best..
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by grimweasel » Wed Mar 13, 2013 8:31 am
Here's a chart of gbpjpy that I annotated last year. The price action reversal candles are boxed in yellow. As you can see
there are multiple entries all using price action at support and resistance. These are the round number levels and previous
zones of buying and selling that CJ is referring too.
Just because you see a 'print' it doesn't mean you should blindly follow it... for added confidence you should look for
price action around these zones, not mid level between these zones. When allied with a fib level or 38, 50 or 61 % it
adds confluence as would an MA band such as the 20/63 zone that we use over on Strat's thread on FF. Strat and CJ
are really on the same page here. Naked action using just an MA band for trend direction and hand draw support and
resistance levels are the key to successful trading. Loading up your chart with indicators and hiding price action is never a
good idea- ever wonder why the brokers give you so many indys for free??!!
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So my next question is what happens if there is an accumulation phase after accumulation phase in one direction but no
stop run to indicate how we trade the profit release? I think what the MMs might be doing here is setting the NY
reversal up so the reversal itself is quick and sharp...CJ - would this make sense or am I totally wrong?
.
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Angat wrote:A perfect setup: accumulation, basic manipulation and profit release..
El Capitaine,
Please Can you Prescribe an Indicator or EA that Stops Traders from Falling Asleep, because that's my Major Problem
now, I am Always Leaving Pips on the Table, anyway thank you very much for showing us the WAY He who fight
and Run Away Live to Fight Another Day, I'll come back and Trade the US Session and Take something away too.
xrismak
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by mjws00 » Wed Mar 13, 2013 11:05 am
Angat wrote:So my next question is what happens if there is an accumulation phase after accumulation
phase in one direction but no stop run to indicate how we trade the profit release? I think what the MMs
might be doing here is setting the NY reversal up so the reversal itself is quick and sharp...CJ - would this
make sense or am I totally wrong?
In leg 1 of the weekly shift. So after they have thrown the brakes on the weekly cycle and chopped it up. Once they pull
away from the new high or low. Often they skip the stop run back in that direction. They have so much money trapped at
the new high or low, that it is in their best interest to just turn up the heat, not send it closer and risk losing some fresh
meat. They turn the heat up slowly on their boiling frog so he doesn't jump out of the pot.
Watch the second leg, and backtest. Many many times there is continuation there. So... they throw what looks to be a
FAKE.. all the Frankie/London open "clever" traders fade it like they have successfully the last 3 days, they get stuck
holding the bag, and the market runs through them.
This is the leg that pays breakout traders. It is the straightaway. It screwed me over 100 times manually backtesting, but
it isn't that hard to spot.
Mike
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by mjws00 » Wed Mar 13, 2013 11:09 am
Fox was very generous last night. Though he sucked me in a little early and made me wait around, as is my nature. If
there are pretty pics I'll show a couple. Looks like the Captain is still busy.
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mjws00 wrote:
Angat wrote:So my next question is what happens if there is an accumulation phase after
accumulation phase in one direction but no stop run to indicate how we trade the profit
release? I think what the MMs might be doing here is setting the NY reversal up so the
reversal itself is quick and sharp...CJ - would this make sense or am I totally wrong?
In leg 1 of the weekly shift. So after they have thrown the brakes on the weekly cycle and chopped it up.
Once they pull away from the new high or low. Often they skip the stop run back in that direction. They
have so much money trapped at the new high or low, that it is in their best interest to just turn up the heat,
not send it closer and risk losing some fresh meat. They turn the heat up slowly on their boiling frog so he
doesn't jump out of the pot.
Watch the second leg, and backtest. Many many times there is continuation there. So... they throw what
looks to be a FAKE.. all the Frankie/London open "clever" traders fade it like they have successfully the
last 3 days, they get stuck holding the bag, and the market runs through them.
This is the leg that pays breakout traders. It is the straightaway. It screwed me over 100 times manually
backtesting, but it isn't that hard to spot.
Mike
Ah I see, need to figure out the foxes are doing on the weekly overview not just focus on the daily. That's tonights
lesson!
.
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by Angat » Wed Mar 13, 2013 12:04 pm
Has anyone got a great session separator, preferably by vertical lines only. thanks.
.
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Something to monitor, longer term......
CJ
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Here's an older chart that Garyfritz and I were discussing a few months back....price just broke lower at the point
indicated on the chart....sell the rallies on the way down....after it hits bottom near the indicated point, buy it all the way
back up.....
Like the AUDNZD chart, something to monitor going forward....
One more to come....
John
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Here's a chart I posted at Forex Factory about 8-9 months ago....the 2nd chart is an update, the "?" indicated the
current pullback to come.......
Once again, something to watch over the many coming months....
CJ
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by Pueo » Wed Mar 13, 2013 2:20 pm
Am I on the right track here? looking for a W..
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Hey CJ, How come GBPCHF didnt turn south during the NY session after jumping up the 100+ points in the first half of
the london session? Wouldnt it reverse from the high, fall a little bit like 40pips at least then back into the asian range?
.
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Pueo wrote:Am I on the right track here? looking for a W..
Not sure you are going to get that "W"...you just had a 3 push low...RRT reversal up, price will pull back into the range
for Asian...look for stop hunt later. This is a Level 1 drop of a possible 3 day down cycle...you could have 2 more
drops... I would watch for a drop in the London again tonight and see if it plays out....
The "W" would have come at the very low and if you look at that on the 5M tf, you will probably see a "W" where the
RRT's are located. Don't get confused on the time frames...."W" and "M"'s presented on the higher time frames offer
better trades out of those patterns. They will appear on the lower, but unless you are an experienced scalper, it's tough to
make consistent profits due to the price range involved and the way they spread price on the bid/ask.
CJ
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Thanks! Why are you expecting a possible 3 day down cycle?

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Captain Jack wrote:
Not sure you are going to get that "W"...you just had a 3 push low...RRT reversal up, price will pull back
into the range for Asian...look for stop hunt later. This is a Level 1 drop of a possible 3 day down
cycle...you could have 2 more drops... I would watch for a drop in the London again tonight and see if it
plays out....
The "W" would have come at the very low and if you look at that on the 5M tf, you will probably see a
"W" where the RRT's are located. Don't get confused on the time frames...."W" and "M"'s presented on the
higher time frames offer better trades out of those patterns. They will appear on the lower, but unless you
are an experienced scalper, it's tough to make consistent profits due to the price range involved and the
way they spread price on the bid/ask.
CJ
Wasnt this 4 level drop? I see 4 moves down including the stop hunt drop.
.
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Are these valid W's?
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Angat wrote:Hey CJ, How come GBPCHF didnt turn south during the NY session after jumping up the
100+ points in the first half of the london session? Wouldnt it reverse from the high, fall a little bit like
40pips at least then back into the asian range?
Take a look at the bigger picture....this pair has been in extended downtrend, sentiment is already SHORT....they already
had a ton of SHORTS trapped...to go back is to give them a chance to exit at a lower price. The fox had already
"trapped volume" SHORT and had no need to go back...watch for the price to dip into consolidation, locking current
traders into position. I can see a drop out of the range later, to pull some SHORTS back in, but I would "expect" further
rise in price as sentiment is probably still SHORT....
CJ
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Pueo wrote:Are these valid W's?
capture13.jpg
Yes....there is also another "M" higher up in the pattern.... nice trade setups with a lot of pips in each...
CJ
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Angat wrote:
Captain Jack wrote:
Not sure you are going to get that "W"...you just had a 3 push low...RRT reversal up, price
will pull back into the range for Asian...look for stop hunt later. This is a Level 1 drop of a
possible 3 day down cycle...you could have 2 more drops... I would watch for a drop in the
London again tonight and see if it plays out....
The "W" would have come at the very low and if you look at that on the 5M tf, you will
probably see a "W" where the RRT's are located. Don't get confused on the time
frames...."W" and "M"'s presented on the higher time frames offer better trades out of those
patterns. They will appear on the lower, but unless you are an experienced scalper, it's tough
to make consistent profits due to the price range involved and the way they spread price on
the bid/ask.
CJ
Wasnt this 4 level drop? I see 4 moves down including the stop hunt drop.
The stop hunt hit the stops above then below the Asian range....then pulled back up to the range...that's no drop in level.
The level drops came after the hunt, as they always do. Either up or down.
CJ
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Pueo wrote:Thanks! Why are you expecting a possible 3 day down cycle?
Not sure it will, but I'm "SHORT" biased in this pair and if may be having an effect on what I "want" price to do. Price is
consolidating here, and could go either way. I look for EURJPY to fall so I'm also looking for this pair to go south. 3 day
cycles are just that...3 days of price action in the same direction, followed by a consolidation level and a change.
There has been 3 days of price drifting higher off the last peak low, before this drop. Price does not always follow 3 day
cycle, but it is mid-week as well and price tends to reverse mid-week...which would give us a new peak low on Friday,
where US session could reverse it back into the range for the weekend....
CJ
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Captain Jack wrote:
Angat wrote:Hey CJ, How come GBPCHF didnt turn south during the NY session after
jumping up the 100+ points in the first half of the london session? Wouldnt it reverse from the
high, fall a little bit like 40pips at least then back into the asian range?
Take a look at the bigger picture....this pair has been in extended downtrend, sentiment is already
SHORT....they already had a ton of SHORTS trapped...to go back is to give them a chance to exit at a
lower price. The fox had already "trapped volume" SHORT and had no need to go back...watch for the
price to dip into consolidation, locking current traders into position. I can see a drop out of the range later,
to pull some SHORTS back in, but I would "expect" further rise in price as sentiment is probably still
SHORT....
CJ
Thank you. I see what your saying, the fox looks at the weekly picture realises there has been 2 down days and thinks
time to go up today and trap all the shorts. People shorting probably hoping for it to hit a fib and fall. The fox knows this
and carries on up. Sly fox!
.
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Angat wrote:
Captain Jack wrote:
Angat wrote:Hey CJ, How come GBPCHF didnt turn south during the NY
session after jumping up the 100+ points in the first half of the london session?
Wouldnt it reverse from the high, fall a little bit like 40pips at least then back into
the asian range?
Take a look at the bigger picture....this pair has been in extended downtrend, sentiment is
already SHORT....they already had a ton of SHORTS trapped...to go back is to give them a
chance to exit at a lower price. The fox had already "trapped volume" SHORT and had no
need to go back...watch for the price to dip into consolidation, locking current traders into
position. I can see a drop out of the range later, to pull some SHORTS back in, but I would
"expect" further rise in price as sentiment is probably still SHORT....
CJ
Thank you. I see what your saying, the fox looks at the weekly picture realises there has been 2 down days
and thinks time to go up today and trap all the shorts. People shorting probably hoping for it to hit a fib and
fall. The fox knows this and carries on up. Sly fox!
If you look at what he did, you will see there is no stop hunt, there is no "W" pattern....he pushed it low, pinned it, but
did not come back to make the 2nd leg of a "W", then made a straight away move up, running away from the shorts.
CJ
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Aus67 wrote:Hi CJ
For me, a difficult aspect of learning to trade naked (not literally) is the lack of sexy indicators that fill my
brain with price expectations.
Even though you have taught this expectation 'will be wrong' and my account, like many, will prove that is is
wrong, the indicator is something for us to visually grab on to.
Naked trading as you teach it, does resonate with me and I know that if I, in time, can learn to trade this
way it will be profitable. I know it is early days for me trading this way but I am still sensing a 'void' of
information on the screen.
I have attached the AUDJPY 15min chart with what I think will happen to price in the next day or so. My
projection is only based on my level of knowledge of 'the fox' and her tactics, so will most likely be way off
the mark. If so, I hope you can say no it wont do that because of this!!
I find myself looking at a chart and thinking 'what now'?? What will the fox do now and where will I jump
in?? and not really having a clue.
Is this the normal 'learning curve' for naked trading? or am I just unwittingly dim!
Thanks again for an amazing thread!

Daryl
audjpy.jpg
Do not try to project price....you are a trader, not a mind reader. Your job is to identify the tracks of the fox and
follow....otherwise you are just another trapper, trying to guess where he's going to show next....
CJ
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f451 wrote:
mjws00 wrote:I've never seen chart vision like CJ's he is right a long long ways out. But all
we really need is to anticipate a couple moves.
3. They aren't quite there with the volume and will spike the high one more time maybe to
96.80ish. It will put up a pretty pattern in all cases.
And the key to which one they choose is whether or not they have the volume already.
Wonder if CJ has a way of knowing that, if it just comes down to experience and intuition.
No, I don't have any special way of determining where the trapped volume lies. Only the fox knows for sure...we know
when he moves price away from the largest amount of trapped contracts....
Do not try to anticipate his moves... you are back to trapping. Identify his tracks and follow...you can't lead the fox, he
leads you. Just follow along....
Your job is to identify the patterns they use to trap traders in positions and move price away from them. learn their
cycles, identify where you are in their cycle and follow them. If you want to try and guess, just flip a coin, it saves a lot of
time and thought...you stand as good a chance.
CJ
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by casapips » Wed Mar 13, 2013 4:14 pm
Captain Jack wrote:Here's a chart I posted at Forex Factory about 8-9 months ago....the 2nd chart is an
update, the "?" indicated the current pullback to come.......
CJ
Hi CJ
Impressive Mon Capitaine
How did you come up with this potential prediction?
Merci
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by mjws00 » Wed Mar 13, 2013 4:22 pm
Nice to see you posting, John. It's fun watching the lights go on for some. I'd love a camera to watch the utter confusion
spark into understanding. I enjoy seeing how many, once they get the content, will put in the time and energy to turn it
into knowledge and wisdom.
Hey. Here is one on a slightly different path. Are you picking pairs based on how fast they are moving? Or pure setups?
Or just favorites? My relentless pursuit of the fox has me continuously searching for where they are most active. I like
them fast foxes best. But perhaps I am missing something.
Thanks for your time. Feel free to correct my ramblings. I'm all about seeing how I could look at it differently. I try and
preface them with a disclaimer of just beginner foxy glasses and defer to the master. But I enjoy the discussions, and use
it to hone my skills.
Hope you're having a great one.
Mike
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Any nice setups forming this evening that you can share pls, CJ? And how long does it take for the average trader to go
from the initial ah moment to pretty much fully understanding how the fox works?
.
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casapips wrote:
Captain Jack wrote:Here's a chart I posted at Forex Factory about 8-9 months ago....the
2nd chart is an update, the "?" indicated the current pullback to come.......

CJ
Hi CJ
Merci
Some people say they talk to the dead and the dead talk to them....I talk to the charts and sometimes they talk back....
It's something that I don't think people can grasp. It starts at the 'tick" level. Watch a tick chart and see what you make
of it. It's completely different from what we are discussing at present.
Do you believe the market is random and that price location can not be predicted at any given point in the future? Do
you believe that "news" drives price? Do you believe in market or price manipulation or free market action? Do you
believe the worlds currencies are 'economically" linked?
I believe price has a rhythm and beat, much like a piece of music. Listen to the music long enough and you memorize it. I
also believe price follows a map if you will, and it's journey is already planned. Locate the map, follow it and you will do
what nobody else has done. To actually know where price will be in the future. Imagine that!
Now allow me to pull myself back from the razors edge of sanity and get back to the "fox hunt".
CJ
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by casapips » Wed Mar 13, 2013 4:48 pm
Captain Jack wrote:
casapips wrote:
Captain Jack wrote:Here's a chart I posted at Forex Factory about 8-9

months ago....the 2nd chart is an update, the "?" indicated the current pullback to
come.......
CJ
Hi CJ
Merci
Some people say they talk to the dead and the dead talk to them....I talk to the charts and sometimes they
talk back....
It's something that I don't think people can grasp. It starts at the 'tick" level. Watch a tick chart and see
what you make of it. It's completely different from what we are discussing at present.
Do you believe the market is random and that price location can not be predicted at any given point in the
future? Do you believe that "news" drives price? Do you believe in market or price manipulation or free
market action? Do you believe the worlds currencies are 'economically" linked?
I believe price has a rhythm and beat, much like a piece of music. Listen to the music long enough and you
memorize it. I also believe price follows a map if you will, and it's journey is already planned. Locate the
map, follow it and you will do what nobody else has done. To actually know where price will be in the
future. Imagine that!
Now allow me to pull myself back from the razors edge of sanity and get back to the "fox hunt".
CJ
Woahh! You are not only a genius Trader but also a brilliant Poète and Musician.
I hope to feel soon the same market rhythm and follow our friendly fox...
Merci mon ami...
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mjws00 wrote:Nice to see you posting, John. It's fun watching the lights go on for some. I'd love a camera
to watch the utter confusion spark into understanding. I enjoy seeing how many, once they get the content,
will put in the time and energy to turn it into knowledge and wisdom.
Hey. Here is one on a slightly different path. Are you picking pairs based on how fast they are moving? Or
pure setups? Or just favorites? My relentless pursuit of the fox has me continuously searching for where
they are most active. I like them fast foxes best. But perhaps I am missing something.
Thanks for your time. Feel free to correct my ramblings. I'm all about seeing how I could look at it
differently. I try and preface them with a disclaimer of just beginner foxy glasses and defer to the master.
But I enjoy the discussions, and use it to hone my skills.
Hope you're having a great one.
Mike
If you ever look at my trades, I have traded every pair possible, including metals. USDSEEK or EURHUF is no
different than EURUSD and GBPAUD. Price is driven the same way, by the same "pilots", across all the pair. They do
not move as a synchronized dance team would, they all dance to their own beat. Some will slow while others speed up.
Some will stand still when price is manipulated in the crosses. They all follow their own cycles. My recent trades were
not perfect entry and exit. I took maximum number of trades across pairs to show what's out there. When serious money
is on the line, I will reduce the trades, concentrate on a few pair, like I did with EURGBP and hammer the hell out of
them.
For what we are doing, looking for moves on the 15M, the 1H charts give a good indication of what and where in the
weekly cycles the pair are located, at any given time. Again, you have to pull the old nose back out of the charts a bit
and take a look around.
There will be setups every day, but they will not be in the same pair every day. Sometimes a pair will range longer, until
an imbalance in position is established. Anytime there is major news due, count on a violent stop hunt. Before the news
event, count on extended ranging to build positions, both ways so the stop hunt can eat them all.
Point is, take time to scan the charts. There is no need to constantly be in a trade. The range is always set during Asian,
the break almost always comes during London and the reverse is NY, back to the range. They work with each other,
across all three shifts. They are limited in resource, and must take profit off the table. When price moves out of range
then back, profit is booked and the next cycle begins. Look at the 1st chart posted in this thread. Price started at a point,
moved above and below the range and ended at the same point it began....this is the larger version of the pattern, that
took place over a month or more.
The same process that appears on the 15M WILL appear on the higher time frames, hitting the 30M first then working
it's way all the way up to the monthly. Locate the pattern on ANY time frame and follow it.
We're hitting it hard on the 15M because it plays out here quickly. Take longer term trades based on the same pattern,
on the higher time frames. They are there.
CJ
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Angat wrote:It seems the best time to trade would be from early morning like 4am to 18pm GMT. Then
after the 18pm GMT the second reversal has happened and the market should go into range mode for the
asian session with limited setups. Then you wake up at 4am, identify the asian session range, wait for the
stop hunt if it hasnt already happened and hopefully it will show u the true trend of the day. Round about
13:00 GMT after the true trend has reach a new low/high, be on the lookout for a reversal. Finally close
out your positions by 18:00. All whilst looking for additional quick scalping opportunities on the small
timeframes using the "M" and "W" patterns.
Would you say this is about right CJ?
Look for the break out of the range at the end of Asian, the beginning of the move at London into London about 1/2
way...and the reverse in NY....whatever times those match up with in your locale zones.
CJ

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Aus67 wrote:
Captain Jack wrote:
Aus67 wrote:
Captain Jack wrote:What I saw to make me want to put a trade

on here....
CJ
Hi CJ
If you have a second could you briefly explain what is meant by the terms
'trapping volume'?
and 'continuation'
cheers
Daryl
I'll go back and check on the continuation....but "trapping volume" is sticking the largest
amount of contracts or positions. When they spike it low and get a lot of people looking to
short, they pull price back above them. Then they will drop it again, only not as low as before,
enticing more shorts, but not letting the others out of their positions. Price is still above then.
They will do this and trap a large volume of shorts, then move price away from them....forcing
them to sell at a loss.
Draw a descending trend line and you will see that after a short rise, they dropped price
quickly - one candle. If you draw the descending trend line, you will see it was near the point
of drop. They were trying to say the down trend was still in effect. Continuation of the down
trend so they could get some more shorts before moving price away from them again.
CJ
Thank you, Oh my God, I didn't realise the fox was such a nasty beast!
Attached is the GBpAud 1Hour chart... Is this another example of trapping short volume? with a rise to
follow?
GbpAud.JPG
Looks that way...series of pins to the low, each one higher that the last....if they get enough volume there, up it goes.
CJ
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erikskenne wrote:
Captain Jack wrote:
CJ
WOW
Pick your jaw up....just play money in a demo account....right?
CJ
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xrismak wrote:Peeps,
Oh Dear, my Hunch was Right but I fell asleep and missed taking loads of Profit but ehhhh I'll Live with
what I could take, next time I'll Stay awake take the Profits first and then fall Asleep
xrismak.
Look for 50-60 pips on the 15M tf before a reversal. Take the trade the other way, back into the consolidation/range
phase. Exit it when they peak price before bringing it into the range at the end of the day since this is NY session.
CJ
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mjws00 wrote:
Captain Jack wrote:
CJ
You are too generous and transparent man. You know some of us keeners will plot and study each one of
those, right?
Thanks.
There are some nice ones in there from my real account, but a lot were just made on the demo account and I was just
grabbing parts of the move. Left a lot on the table doing this number of trades. I'll be dumping that account soon and
staring another, with less and more selective trades soon.
CJ
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Kruspe wrote:Look at average position on EJ from all positions of myfxbook - some kind of SSI (green is
av. buy price, red is av. sell price). After the fox will hunt more buys, they push the price inbetween these
lines. To stuck all of them (longs and shorts)
I'd say most of those SHORTS are gone by now....Look how the price is ranging above and below the mid line. You are
right, there are a ton of LONGS here, some SHORTS took it on the chin in the 1st drop...now the LONGs are going to
take a beating....just my thoughts....
CJ
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does the second high in the M formation need to be lower or equal to the previous high? Or can it be higher and the
pattern still hold?
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Lara wrote:You are too generous and transparent man. You know some of us keeners will plot and study
each one of those, right?
Thanks.
You took the words right out of my mouth Mike - I'm sitting here checking each entry and exit and doing
my best to see what the captain saw
Many thanks for this CJ - not many traders of your calibre would share their actual trades. It makes it so
much easier to understand your trading style when you can actually see the trade details. Oh well back to
line 25 of the account printout.
Lara
Don't look to close...there's a lot of counter trend scalps that I stuck myself with back early in the account. I lost power
here for 10hrs and missed the entire London session, where those would have paid off. Some were never closed or
tended and a lot of the losses come from this bunch of trades.
There's some real stinkers in there too, like when some moron clicked the wrong button for sell or buy and got the
wrong side of his trade. not much to do about those but eat em when you find them again.
CJ
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I see on the daily for GBPCHF a W formation. Probably be a good time to go long for 300 points if I had the patience
to hold it for that long I'm not sure.
.
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by sat79 » Wed Mar 13, 2013 5:43 pm
Hello Pueo...
What ADR and High/Low indys you are using?
Can you share or throw link from where to find?
I have try to find but havn't find anything what I like yet...
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lhDT wrote:My H4 closes in 3 minutes. A couple of Pin alerts.

For a learning process, which one are the good ones ?
The USDCHF probably won't hit the limit order....they already stuck SHORTS there....
EURNZD is extended consolidation after the large down move....trapping a ton of volume here.....while holding the
LOW....
EURUSD as well as the others..."W" and "M"'s all over....all trade possibilities....
CJ
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by hodgires » Wed Mar 13, 2013 6:00 pm
Hi CJ, thanks for starting this wonder thread and sharing your trading style.
I am still a struggling trader, and i have come to see that besides having a good point of entry and exit(as your showing
us), the one thing the majority of loosing traders do not understand is the money management aspect of trading. In light of
this, can u show us a bit of your money management technique, as i think this part of trading determines 70% of any
traders success rate. I think it would be the iceing on the cake for us newbies, it will be a great benefit if we can learn
from how you manage your trades as well. Many thanks.
hodgires
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by Aus67 » Wed Mar 13, 2013 6:03 pm
Angat wrote:Has anyone got a great session separator, preferably by vertical lines only. thanks.
I think this might be what you are looking for
market_sessions_v01.mq4
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mjws00 wrote:Hey Lio. Didn't look at them all yet. Here is a pretty picture with foxy glasses on
EURUSD.
Pretty well spot on Mike....looks like you are the substitute teacher when I go fishing!
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mjws00 wrote:Aus67, Marked up your drawing. I don't know crap, but that long scares me. 30 pips and
I reverse it, if they don't slam it through to retest the highs. You read the W perfectly, the broader picture is
the bit that scares me. This is a crazy pretty reversal pattern.
I'm usually early, so you may get your leg on the larger TF. I sell this MOFO, and morgtage the house to do
so when they show their hand. Or if Asia tests hard first, or just shoves it down without retesting.
Mike
Step back and take a look at the bigger picture....where are you in the weekly cycle? This plays a major role in what
happens next...on the chart though, price will rise into consolidation here from the "W"...
CJ
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allisonmagic wrote:what is the most common TF you guys are watching ?
15M for trade entry and exit and 1H for scans to see the weekly cycle....
CJ
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allisonmagic wrote:there wasn't a very good explanation of the RR tracks. can you guys explain a little
more for me ?
Enjoy!
http://www.youtube.com/watch?v=LEu0p00f3YI
CJ
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Aus67 wrote:Just shorted GBPCAD ....putting it out there for comments.

gbpcadpin.JPG
On the H1, if that's a 3 level high, what comes next?
CJ
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This is example of a straight away move...they spiked price low...1st leg of the "W" but didn't spike a 2nd leg....no 2nd
leg means straight away move...away from trapped volume....
CJ
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casapips wrote:
Captain Jack wrote:Just a quick note folks. taking care of some stuff on the home front so
I'll be tied up for a bit. I'll get back to posting some charts as soon as I can....
London usually brings the moves... and NY is good for reversals....saw that with a bunch of
them this morning....moves usually begin 25-50 pips above or below the Asian range....
The cycles are different across the pairs. They are spread so that they all don't coincide....they
are staggered across the pairs..... you can use this info and find "lead pair" and "trailing pair"....
who leads and who follows?
What happens on the lower time frames, repeats on the higher, at a later date....you saw some
nice price swings on the 15M last night, these will be larger when the patterns hit the 1H, 4H
and D1.... more on this later...
Do not try to micro focus to close on this stuff...keep a broad view on the charts, across the
time frames...
For those having "indicator with-drawl", put some of your indi's on the screen and watch how
price reacts around them.... you have a better understanding of how the fox uses these
indicators and how he moves price to or beyond to entice action....
Start looking for quality trade setups....don't take everything you see....you will get better at
this...
CJ
Hi Mon Capitaine,
What do you mean by resetting the High of The Day / Low of the Day?
All the best..
Asian reset the initial high of the day and low of the day....it's usually around 40-50 pip range....this gives all the
"breakout traders" their targets....when they extend the range later, they trip the breakout stops and the stop hunt later
clears them out, before they run price....
CJ
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by Tao » Wed Mar 13, 2013 6:30 pm
Barron
Thanks..it's great.
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Angat wrote:So my next question is what happens if there is an accumulation phase after accumulation
phase in one direction but no stop run to indicate how we trade the profit release? I think what the MMs
might be doing here is setting the NY reversal up so the reversal itself is quick and sharp...CJ - would this
Consolidation and accumulation will take place until they have an imbalance in orders....then they take the largest amount
they can....
Extended consolidation is seen before the "news" events. They build the crap out of positions, then use the news as
cover to clean out both sides...
CJ
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Angat wrote:Any nice setups forming this evening that you can share pls, CJ? And how long does it take
for the average trader to go from the initial ah moment to pretty much fully understanding how the fox
works?
Haven't looked at charts much today....it's mid week so look for reversals into Thursday-Friday...
CJ
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Angat wrote:does the second high in the M formation need to be lower or equal to the previous high? Or
can it be higher and the pattern still hold?
Valid higher highs or lower lows, one not caused by spreading the price above the old one, could invalidate the setup.
This applies to the moves we are watching on the 15M time frame. On the higher time frames, you will see "W" and "M"
patterns that are following the trend up or down and their 2nd legs will differ then.
CJ
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Hi CJ. There was a small scientific study using MRI brain scans and the researchers found that at a non-conscious level
normal people can guess the market direction 60% of the time when they make a decision on every update of the chart
(if they were more selective, e.g. trade reversals at high or low points, maybe the success rate would be higher).
Consciously they were no better than 50% because they would second guess their non-conscious choice by thinking
things through. Is your method a highly analytical way of trading, or was the theory arrived at after becoming good at
trading through intuition/non-conscious thinking processes?
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Angat wrote:I see on the daily for GBPCHF a W formation. Probably be a good time to go long for 300
points if I had the patience to hold it for that long I'm not sure.
What else do you see? How about a head and should pattern?
What were we just talking about several posts back...on why GBPCHF didn't pull back and ran straight up instead?
Patterns repeat from the smallest to the highest....same pattern you looked at earlier....
The spiked price down once, formed 1st leg of the "W"....the did not spike the 2nd leg down because they have enough
SHORT volume trapped now and do not want to release it. It's a straight away trade that's designed to bust out the
SHORTS in margin trouble....
When you see this, you BUY. They can still spike a bar down, so your SL is 10 pips past the lowest low, but they have
to move a ton of contracts to do this.... As price moves away, pull your stop up.
CJ
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by f451 » Wed Mar 13, 2013 6:59 pm
mjws00 wrote:
Angat wrote:So my next question is what happens if there is an accumulation phase after
accumulation phase in one direction but no stop run to indicate how we trade the profit
release? I think what the MMs might be doing here is setting the NY reversal up so the
reversal itself is quick and sharp...CJ - would this make sense or am I totally wrong?
In leg 1 of the weekly shift. So after they have thrown the brakes on the weekly cycle and chopped it up.
Once they pull away from the new high or low. Often they skip the stop run back in that direction. They
have so much money trapped at the new high or low, that it is in their best interest to just turn up the heat,
not send it closer and risk losing some fresh meat. They turn the heat up slowly on their boiling frog so he
doesn't jump out of the pot.
Watch the second leg, and backtest. Many many times there is continuation there. So... they throw what
looks to be a FAKE.. all the Frankie/London open "clever" traders fade it like they have successfully the
last 3 days, they get stuck holding the bag, and the market runs through them.
This is the leg that pays breakout traders. It is the straightaway. It screwed me over 100 times manually
backtesting, but it isn't that hard to spot.
Mike
More detail on how you spot that rare straightaway, would, for us slow learners, be *most* illuminating
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hodgires wrote:Hi CJ, thanks for starting this wonder thread and sharing your trading style.
I am still a struggling trader, and i have come to see that besides having a good point of entry and exit(as
your showing us), the one thing the majority of loosing traders do not understand is the money management
aspect of trading. In light of this, can u show us a bit of your money management technique, as i think this
part of trading determines 70% of any traders success rate. I think it would be the iceing on the cake for us
newbies, it will be a great benefit if we can learn from how you manage your trades as well. Many thanks.
hodgires
To put it bluntly....NO! Sorry...
I've already said don't even think about trading as I do. You can't do it. I don't trade like the majority or traders so I
don't use the procedures they use. I'm not teaching anybody to trade as I do. You need to learn basic money
management, lot sizing and risk. I don't teach or pretend to teach that.
I am a super aggressive trader who will not hesitate to max out my margin. I am as unorthodox in my money
management as I am in my trading beliefs and I will let my broker close trades for me.
It will not work for anybody but me.
CJ
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Captain Jack wrote:
hodgires wrote:Hi CJ, thanks for starting this wonder thread and sharing your trading style.
I am still a struggling trader, and i have come to see that besides having a good point of entry
and exit(as your showing us), the one thing the majority of loosing traders do not understand is
the money management aspect of trading. In light of this, can u show us a bit of your money
management technique, as i think this part of trading determines 70% of any traders success
rate. I think it would be the iceing on the cake for us newbies, it will be a great benefit if we
can learn from how you manage your trades as well. Many thanks.
hodgires
I've already said don't even think about trading as I do. You can't do it. I don't trade like the majority or
traders so I don't use the procedures they use. I'm not teaching anybody to trade as I do. You need to
learn basic money management, lot sizing and risk. I don't teach or pretend to teach that.
I am a super aggressive trader who will not hesitate to max out my margin. I am as unorthodox in my
money management as I am in my trading beliefs and I will let my broker close trades for me.
CJ
Does risk management determine 70% of your own trading success CJ?
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Jason wrote:Hi CJ. There was a small scientific study using MRI brain scans and the researchers found
that at a non-conscious level normal people can guess the market direction 60% of the time when they
make a decision on every update of the chart (if they were more selective, e.g. trade reversals at high or
low points, maybe the success rate would be higher). Consciously they were no better than 50% because
they would second guess their non-conscious choice by thinking things through. Is your method a highly
analytical way of trading, or was the theory arrived at after becoming good at trading through intuition/non-
conscious thinking processes?
More like the process you and everybody else goes through....trying to learn all you can, read everything is sight, buy
everything to make some quick cash while learning, losing money, busting out, making money but not being able to keep
it, going back and reading some more, trying 1001 new indicators and systems and still not knowing what was wrong
since I was doing everything I was "supposed" to do.....sound familiar.
Then I quit doing what I was supposed to do and started looking for what was wrong with everything I was told. Why
didn't it work. I found out it was never intended to work for me, or anybody else. It was intended to work for the people
who gave you the platform you are trading on. The bankers. It's no different that those pretty slot machines in Vegas,
with all the lights, colors and sounds. All you have to do is drop your money in and get rich.
Forget the BS you've been told. You have been "educated" to lose your money. All of it.
CJ
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f451 wrote:
mjws00 wrote:
Angat wrote:So my next question is what happens if there is an accumulation

phase after accumulation phase in one direction but no stop run to indicate how
we trade the profit release? I think what the MMs might be doing here is setting
the NY reversal up so the reversal itself is quick and sharp...CJ - would this
In leg 1 of the weekly shift. So after they have thrown the brakes on the weekly cycle and
chopped it up. Once they pull away from the new high or low. Often they skip the stop run
back in that direction. They have so much money trapped at the new high or low, that it is in
their best interest to just turn up the heat, not send it closer and risk losing some fresh meat.
They turn the heat up slowly on their boiling frog so he doesn't jump out of the pot.
Watch the second leg, and backtest. Many many times there is continuation there. So... they
throw what looks to be a FAKE.. all the Frankie/London open "clever" traders fade it like
they have successfully the last 3 days, they get stuck holding the bag, and the market runs
through them.
This is the leg that pays breakout traders. It is the straightaway. It screwed me over 100 times
manually backtesting, but it isn't that hard to spot.
Mike
More detail on how you spot that rare straightaway, would, for us slow learners, be *most* illuminating
Price spikes down once to the low, but fails to form the "W"...price spikes once high but fails to form the "M"....this is
after the Asian session when the range has been set.....NO STOP HUNT
Failed "W" - straight away up.....failed "M" - straight away down.....
Sometimes they will blow the range box out to cover this....and what looks like a stop hunt but it's not.....
The fox is sly and deception is his nature...
CJ
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Jason wrote:
Captain Jack wrote:
hodgires wrote:Hi CJ, thanks for starting this wonder thread and sharing your
trading style.
I am still a struggling trader, and i have come to see that besides having a good
point of entry and exit(as your showing us), the one thing the majority of loosing
traders do not understand is the money management aspect of trading. In light of
this, can u show us a bit of your money management technique, as i think this
part of trading determines 70% of any traders success rate. I think it would be
the iceing on the cake for us newbies, it will be a great benefit if we can learn
from how you manage your trades as well. Many thanks.
hodgires
I've already said don't even think about trading as I do. You can't do it. I don't trade like the
majority or traders so I don't use the procedures they use. I'm not teaching anybody to trade
as I do. You need to learn basic money management, lot sizing and risk. I don't teach or
pretend to teach that.
I am a super aggressive trader who will not hesitate to max out my margin. I am as
unorthodox in my money management as I am in my trading beliefs and I will let my broker
close trades for me.
CJ
Does risk management determine 70% of your own trading success CJ?
Having a good idea of where price is going and in what time frame determines success. Risk is either reduced or
increased based on this fact. My risk is minimal and I trade without stops so how would you determine my risk?
According to this, I would have to lose 171 consecutive trades to lose 40% of my account....my risk is minimal.
CJ
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by f451 » Wed Mar 13, 2013 7:53 pm
Captain Jack wrote:
This is example of a straight away move...they spiked price low...1st leg of the "W" but didn't spike a 2nd
leg....no 2nd leg means straight away move...away from trapped volume....
CJ
Ha - but I bet on a lower timeframe we can still see the W hidden in that spike before the up move
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by mjws00 » Wed Mar 13, 2013 7:56 pm
Captain Jack wrote:I will let my broker close trades for me.
CJ
I aspire to this.
It is a blast to watch you push your edge. Definitely not for the masses. But awesome to see.
You are crankin through this thread. Nice.

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I should be doing my homework instead of getting caught up on posting....late on this a bit but still made $$$....
What am I looking for on the BUYS?
A quick pull back into the Asian range and out... nothing more.....at least that's what I hope for. Where's my risk...just
below the lowest pin...
CJ
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You went long before the second leg of the W was formed?
You were looking for shorts to get trapped and the fox to take them out on the way up? But you got in before then just
in case it went straight up without forming a W?
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by madpipa » Wed Mar 13, 2013 8:24 pm
Barron
Thanks Barron - you're a champ. I thought I would catch up & read the 8 pages added since last night & then continue
with my summary. I was only on page 2, so you saved me heaps of work!!
Thanks again,
Mick
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Oh...forgot another NZD "news" trade.....
Here's the closed trade as well as the new SHORT.....Broker took my STOP out here....SL actual high was 17 pips
below my SL....they blew the spread out, and took my stop.....
CJ
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Jason wrote:You went long before the second leg of the W was formed?
You were looking for shorts to get trapped and the fox to take them out on the way up? But you got in
before then just in case it went straight up without forming a W?
Had I been watching, I would have been in near the bottom pins of the drop..... I like to go early.... nothing wrong with
waiting....that's what you need to do to be sure .....
It's "news" to cover a move during Asian...nothing has changed.....except what they did to price....
CJ
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It's strange that the NZD weakened since the interest rate was unchanged, but it looks like they were setting up the hunt
several hours earlier.
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Jason wrote:It's strange that the NZD weakened since the interest rate was unchanged, but it looks like
they were setting up the hunt several hours earlier.
BINGO! So is "news" really news or is just "news" to us..... They use "news" to cover their tracks....
CJ
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I can now sometimes see the trail to where the fox has eaten, but the next question is can I follow the fox to its next
meal?
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by xrismak » Wed Mar 13, 2013 9:18 pm
Captain Jack wrote:
xrismak wrote:Peeps,
Oh Dear, my Hunch was Right but I fell asleep and missed taking loads of Profit but ehhhh I'll
Live with what I could take, next time I'll Stay awake take the Profits first and then fall Asleep
xrismak.
Look for 50-60 pips on the 15M tf before a reversal. Take the trade the other way, back into the
consolidation/range phase. Exit it when they peak price before bringing it into the range at the end of the
day since this is NY session.
CJ
El Comandante CJ,
I did it Again, Fell Asleep and left the Pips for em on the table..... but I am still thanking you very very MUCH for
Opening my Eyes in Other ways, even when I wake up from my Slumber I Still make money ...this is the third time in a
row within 24 Hours... I never made easy money like this on Forex hahahahahahahaha " Look at the Chats, Pick a set of
Trades n Execute then fall Asleep by Mistake and Wake up and Still Make Money" I Love this, I can do it over and
Over Again and Earn some money... this is Fun, with No Indicators..............
Now let me look for the next set of Ms and Ws setups,
CJ you are a GIGANTILUS
Happy Trading Y'all

xrismak.
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So what's your homework consist of ? What are you looking for? Which TFs do you scan, which pairs do you look at?
which ones do you avoid?
I know your looking for potential W and M formations, but it be good to know your thought process on this.
thanks again.
.
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by Aus67 » Wed Mar 13, 2013 9:27 pm
Captain Jack wrote:

gbpcadpin.JPG
CJ
Price exhaustion, so traders will start to place shorts. The fox will allow shorts then hunt the price higher to take short
stops and at the same time entice more longs, before pulling price back down ??
..junior fox answer!

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Angat wrote:So what's your homework consist of ? What are you looking for? Which TFs do you scan,
which pairs do you look at? which ones do you avoid?
I know your looking for potential W and M formations, but it be good to know your thought process on
this.
thanks again.
I scan the D1, H4, H1 and M15's.....won't go any lower most of the time....all pairs on my broker...
I look for everything I talk about here. I manage trades that are ongoing....look for spot trades....
Doesn't take long....should have checked the news calendar, missed some good AUD stuff tonight....
CJ
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Aus67 wrote:
Captain Jack wrote:

gbpcadpin.JPG
CJ
Price exhaustion, so traders will start to place shorts. The fox will allow shorts then hunt the price higher to
take short stops and at the same time entice more longs, before pulling price back down ??
Not exhaustion, that's at the top....this isn't the top....it's a stop hunt, which hits the stops high and low....just went.... they
hit em high and low...should see a new high soon....hit the stops high then low and pull it back to range
CJ
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Captain Jack wrote:
Aus67 wrote:
Captain Jack wrote:
Aus67 wrote:Just shorted GBPCAD ....putting it out there for

comments.
The attachment gbpcadpin.JPG is no longer available
CJ
Price exhaustion, so traders will start to place shorts. The fox will allow shorts then hunt the
price higher to take short stops and at the same time entice more longs, before pulling price
back down ??

Not exhaustion, that's at the top....this isn't the top....it's a stop hunt, which hits the stops high and low....just
went.... they hit em high and low...should see a new high soon....hit the stops high then low and pull it back
to range
CJ
The fox isn't always active....he tends to set out the 2nd level of a rise or fall....he is very active in step 1 and step 3.
How can you tell? Tick volume!
Take a look at the chart, where is the fox doing his deeds? The 2nd level is usually in the control of traders who are
reacting the what the fox has done in the previous step or level.
Level's 1 and 3 belong to the fox....level 2 is the traders....the tick volume shows this with increased volume in level or
step 1 and 3. Levels 1 and 3 are usually larger in movement than level 2.
CJ
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CJ, do you have any pairs with potential setups forming that we can keep an eye on for the coming London sess ?
.
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Captain Jack wrote:The fox isn't always active....he tends to set out the 2nd level of a rise or fall....he is
very active in step 1 and step 3. How can you tell? Tick volume!
Take a look at the chart, where is the fox doing his deeds? The 2nd level is usually in the control of traders
who are reacting the what the fox has done in the previous step or level.
Level's 1 and 3 belong to the fox....level 2 is the traders....the tick volume shows this with increased volume
in level or step 1 and 3. Levels 1 and 3 are usually larger in movement than level 2.
CJ
Would you mind showing the steps you are referring to? I can see 3 steps in the tick volume but the first step looks like
the asian session when things are quiet.
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Angat wrote:CJ, do you have any pairs with potential setups forming that we can keep an eye on for the
coming London sess ?
I've already put 4 up....
CJ
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When you want to enter the top of a stop hunt with an M top forming and there is some possibility that it might push
higher, where is your usual recommended jumping in point? Thanks
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Jason wrote:When you want to enter the top of a stop hunt with an M top forming and there is some
possibility that it might push higher, where is your usual recommended jumping in point? Thanks
I trade as close to the top (edge) as I can enter....it's a 3 level drop, exit on 3....if you miss it, you get a 2nd chance on
the 2nd leg of the "W"....
CJ
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I missed the drop in USDJPY while I was posting earlier but I still caught the straight away move back up off the bottom
for a few....anybody else see it? No stop hunt, spike down and no 2nd leg to for a "W".... easy pips....
CJ
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Captain Jack wrote:I missed the drop in USDJPY while I was posting earlier but I still caught the straight
away move back up off the bottom for a few....anybody else see it? No stop hunt, spike down and no 2nd
leg to for a "W".... easy pips....
CJ
How do you know when it's going to go up with no W, or does it just turn out that way?
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Jason wrote:
Captain Jack wrote:I missed the drop in USDJPY while I was posting earlier but I still
caught the straight away move back up off the bottom for a few....anybody else see it? No
stop hunt, spike down and no 2nd leg to for a "W".... easy pips....
CJ
How do you know when it's going to go up with no W, or does it just turn out that way?
The pins and 1st leg for a "W" are there...I'm taking the trade at that point....I don't wait...the 2nd spike down stops
short...it doesn't continue as the next bar is up.... I got here late....tool the trade when saw it...I might have picked up
another 5-10 pips but I'm happy with what I got...
To answer your question though, you don't "know"....your risk is 5-10 pips below the pins +the spread
CJ
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by lhDT » Thu Mar 14, 2013 3:32 am

Maybe it is a too big shortcut but it make sense saying that :

- you wait the asian range is broken (up or down, whatever)
- Once broken, you wait for a RRT or a pin
- Then you enter at the opposite direction of the breakout
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lhDT wrote:Maybe it is a too big shortcut but it make sense saying that :
- you wait the asian range is broken (up or down, whatever)
- Once broken, you wait for a RRT or a pin
- Then you enter at the opposite direction of the breakout
When you look at the RRT patterns on the higher time frame, you will get the better moves. They tend to be longer in
nature, offering up more in return. They hold the smaller moves that are seen on the 15M time frame within. If you have a
hard time seeing them on the 15M look to the 1H and 4H and find the tracks.
CJ
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by Pueo » Thu Mar 14, 2013 4:36 am
Captain, this looks like a great short to me, am I missing anything?
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by Pipsurfer » Thu Mar 14, 2013 4:45 am
The downward spike on this EURCHF stop-hunt took mere seconds to go down and up again. Colour me impressed.
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by xrismak » Thu Mar 14, 2013 4:46 am
Angat wrote:So what's your homework consist of ? What are you looking for? Which TFs do you scan,
which pairs do you look at? which ones do you avoid?
I know your looking for potential W and M formations, but it be good to know your thought process on
this.
thanks again.
Angat,
I start them Like tHIS......
hAPPY tRADING,
xrismak
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EJ scalp idea ?
- Touched yesterday High

- Strongly broke asian range to the upside at london open to load longs
- Pin bar in M15 - (almost RRT 3min later - not in screenshot)
Does that mean, the low will be retested today ? A 100pips move ?
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by xrismak » Thu Mar 14, 2013 4:53 am
Captain Jack wrote:I missed the drop in USDJPY while I was posting earlier but I still caught the straight
away move back up off the bottom for a few....anybody else see it? No stop hunt, spike down and no 2nd
leg to for a "W".... easy pips....
CJ
El Comandante CJ,
I woke up on time and Got the Goodies , I got it Right this Time.... I just keep on Playing the Fox at his Game....
Thank you for Sharing your Knowledge on this System, it Rocks, and You are a GIGANTILUS ...
Now Looking for the Next set of Trades....
Happy Trading Y'all
xrismak.
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by monty » Thu Mar 14, 2013 5:02 am
There seems to be a W forming on E/G,on 15m as well as 1h tf.
Am I wright that one could take it long.
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Isn't everything an indicator? Ms, Ws, 3 pushes higher, etc, etc. The more people know this stuff, the more the fox
becomes aware, then turns around and bites you.
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Jason wrote:Isn't everything an indicator? Ms, Ws, 3 pushes higher, etc, etc. The more people know this
stuff, the more the fox becomes aware, then turns around and bites you.
I see the game like this. At certain times of the week, the Fox makes a trap and gets a ton of people long, then he takes
all their money. At other times Foxy makes a trap for the shorts and then he takes all their money. People are sheep and
trade the way they've been told to, not knowing how to watch for the Fox and understand how he makes his traps and
takes the money. Just like in Poker, if you don't know who the fish are, you are the fish. For trading it's like, if you don't
know where the traps are, you're gettin trapped!
So, when you think like that and read this thread very well, you start to see why a M or W actually happens.
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This one's been working out nice, got in by the pivot.
Closed as a nice pin on my eurnzd short
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Pueo wrote:
Jason wrote:Isn't everything an indicator? Ms, Ws, 3 pushes higher, etc, etc. The more
people know this stuff, the more the fox becomes aware, then turns around and bites you.
I see the game like this. At certain times of the week, the Fox makes a trap and gets a ton of people long,
then he takes all their money. At other times Foxy makes a trap for the shorts and then he takes all their
money. People are sheep and trade the way they've been told to, not knowing how to watch for the Fox
and understand how he makes his traps and takes the money. Just like in Poker, if you don't know who the
fish are, you are the fish. For trading it's like, if you don't know where the traps are, you're gettin trapped!
So, when you think like that and read this thread very well, you start to see why a M or W actually
happens.
Maybe one day they'll start making traps for M and W traders too
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monty wrote:There seems to be a W forming on E/G,on 15m as well as 1h tf.
I like it, also happening at a level of previous resistance on 4h, added bonus. I got in some and putting a pending buy
down below in case there's a spike.
edit - this was a bad trade, sell picture here looks strong and the buy picture is too weak
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Jason wrote:
The fox doesn't need to take everyone's money, just the majority is fine.
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Pueo wrote:
Jason wrote:
The fox doesn't need to take everyone's money, just the majority is fine.
Hopefully the majority don't find out

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by Angat » Thu Mar 14, 2013 5:43 am
So will the eurnzd fall or rise? The second high it made is higher than the first? pattern void?
.
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I'm very interested to know what's going on here. We've had a 3 push down, in a corrective phase for a while now, lots
of accumulation happening. Majority of retailers are long on gold. Looks like a small bull trap on the right side of the
screen.
I was thinking a short trap by the chart pattern seeing the big wide W but the second leg is weak and taking a long time.
And the majority of retail guys are long. ?
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not sure where your seeing those ratios, but its most likely false information. Remember everything lies but the foxes
tracks.
.
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This is from Oanda. To my knowledge it is an accurate representation of the trader's positions that deal with that
company. (which has great spreads and is reputable, by the way, one of the few retail brokers with mega cash reserves)
http://fxtrade.oanda.com/analysis/open-position-ratios
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by lvdfx888 » Thu Mar 14, 2013 6:10 am
Hi Captain,
Thanks for sharing your super brain !
Looks like GJ H4 is forming RRT and tripple tops. H&S is also forming on D1. Please comment.
Thanks,
Ron.
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lvdfx888 wrote:Hi Captain,
Looks like GJ H4 is forming RRT and tripple tops. H&S is also forming on D1. Please comment.
Thanks,
Ron.
Good catch, I think this is an M forming.

.
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Did the EG W fail?

.
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by lvdfx888 » Thu Mar 14, 2013 6:33 am
Angat wrote:
lvdfx888 wrote:Hi Captain,
Looks like GJ H4 is forming RRT and tripple tops. H&S is also forming on D1. Please
comment.
Thanks,
Ron.
Good catch, I think this is an M forming.
I'm in at the pin. Low risk and high potential. Similar pattern in some other Yen pairs.
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Angat wrote:Did the EG W fail?
Unless there was no W, there was an M, which was just completed perhaps by this stop run, the market might pull back
now and create a second higher low, and start a short trapping volume accumulation.
.
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Hey CJ, can you give any tips to help differentiate between M's forming and W's forming please..
thank you
.
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by Jemook » Thu Mar 14, 2013 7:57 am
An M is un upside down W and a W is an upside down M. I hope this helps

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by mjws00 » Thu Mar 14, 2013 8:07 am
Lio, EJ calll was perfect. I just stayed short as I'm in higher. I will add if it paints a second leg on 1Hr in a bit here.
Jason, If you are worried they will see us and adjust. You are getting it. But we can up our "meta" game if they ever
come to that point. As long as there is plenty of dumb money floating around they will just crush the easy stuff. It is in
their nature to take the path of least resistance.
Fun isn't it.
Mike
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Many moves within a bigger move, will you catch them all?
My lines might not be exactly right but you get the picture...
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Jemook wrote:An M is un upside down W and a W is an upside down M. I hope this helps
I get that Jemook, but when you have a M formation going straight into a W formation going back into another M
formation going back into another W formation its hard to see are you trading the M or the W right now...
I understand to go back to the higher TF and that will help but CJ was saying that moves happen in 3 (excl stop hunt
move). CJ, Can you touch upon this a little more? Is it always 3? Never 4?
Cheers
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by mjws00 » Thu Mar 14, 2013 8:29 am
Angat wrote:Is it always 3? Never 4?
Cheers
They can very often get what they need. In 3 legs. If the imbalance isn't there they tap it again. Look for Perfect M's
where they end up consolidating just off the highs. They pop it once more and then drop. They normally don't let the
stuck money out but if there is more to be had higher, they will go in 25-50 pip increments. Did this to me last night.
It is also a sign they may have what they want trapped below, and a weekly reversal may be in play or some bigger
picture brush stroke. Foxy was kind enough to snarl at me and let me go with small profit.
Don't really think Always or Never play too strongly in CJ's methods. But I could be wrong.
Mike
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by themaxx » Thu Mar 14, 2013 9:30 am
Angat wrote:
I get that Jemook, but when you have a M formation going straight into a W formation going back into
another M formation going back into another W formation its hard to see are you trading the M or the W
right now...
I understand to go back to the higher TF and that will help but CJ was saying that moves happen in 3 (excl
stop hunt move). CJ, Can you touch upon this a little more? Is it always 3? Never 4?
Cheers
In my opinion the second down leg of your W is wrong. I'd have drawn it like this:
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Okay I get whats going on here, this thread is very very good. Thank you for sharing for your wisdom CJ.
.
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Pueo wrote:Captain, this looks like a great short to me, am I missing anything?
capture14.jpg
Yes, the pin above the previous days high was a nice tell.....
CJ
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Pipsurfer wrote:The downward spike on this EURCHF stop-hunt took mere seconds to go down and up
again. Colour me impressed.
Price spikes by spreading the bid/ask to hit the stops....
CJ
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xrismak wrote:
Angat wrote:So what's your homework consist of ? What are you looking for? Which TFs
do you scan, which pairs do you look at? which ones do you avoid?
I know your looking for potential W and M formations, but it be good to know your thought
process on this.
thanks again.
Angat,
I start them Like tHIS......
hAPPY tRADING,
xrismak
Nice one....did you get the profits booked?
CJ
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lhDT wrote:EJ scalp idea ?

Nice catch Lio. Anytime those pins hit a level like that and fall back, it's a good indication of stops being hit to lock
traders in at that level. If they want longs locked there, then long isn't the right side.
The reversals usually happen during the NY session, where it may retrace and then pull back into the range...
CJ
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xrismak wrote:
Captain Jack wrote:I missed the drop in USDJPY while I was posting earlier but I still
caught the straight away move back up off the bottom for a few....anybody else see it? No
stop hunt, spike down and no 2nd leg to for a "W".... easy pips....
CJ
El Comandante CJ,
I woke up on time and Got the Goodies , I got it Right this Time.... I just keep on Playing the Fox at his
Game....
Thank you for Sharing your Knowledge on this System, it Rocks, and You are a GIGANTILUS ...
Now Looking for the Next set of Trades....
Happy Trading Y'all
xrismak.
Great! You've been knocking them down here lately. Keep it up...
Did you get anything on the return trip back down? Don't forget the reversals that were taking your pips away earlier.
CJ
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by Angat » Thu Mar 14, 2013 1:04 pm
Hey CJ, would you say the up move for GBPJPY is done for the day and its time for it to print an M, fall a little bit and
back into accumulation mode?
I think there's one on the 5min

.
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Angat wrote:Hey CJ, would you say the up move for GBPJPY is done for the day and its time for it to
print an M, fall a little bit and back into accumulation mode?
The daily shows a H&S pattern..

.
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monty wrote:There seems to be a W forming on E/G,on 15m as well as 1h tf.
I'll refer you back to this chart that I posted back a week ago...
It looks like EURGBP is about ready to move higher....
It made a nice pin to the low here so I look for it to return to the previous high, retrace a bit then move to new highs....
This is on the 4H chart so it's an extended move....
CJ
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Angat wrote:Hey CJ, would you say the up move for GBPJPY is done for the day and its time for it to
print an M, fall a little bit and back into accumulation mode?
It's made a nice rise...lots of pins to the high and it's near the high ADR... worth a shot...set SL 10 above the high pin...
CJ
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Pueo wrote:This is from Oanda. To my knowledge it is an accurate representation of the trader's positions
that deal with that company. (which has great spreads and is reputable, by the way, one of the few retail
brokers with mega cash reserves)
http://fxtrade.oanda.com/analysis/open-position-ratios
Oanda is a good broker...I have one of my accounts there. Never a problem with anything.
CJ
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by Pueo » Thu Mar 14, 2013 1:34 pm
Its such a gift to be able to learn from someone who has truly mastered the game. Thank You!
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by lhDT » Thu Mar 14, 2013 1:38 pm
Captain Jack wrote:

Nice catch Lio. Anytime those pins hit a level like that and fall back, it's a good indication of stops being hit
to lock traders in at that level. If they want longs locked there, then long isn't the right side.
The reversals usually happen during the NY session, where it may retrace and then pull back into the
range...
CJ
Unfortunately both got stopped at be.

What is your sl & profit level for setup like this ?
One of my bad habits is sometime targeting too big tp's and so stopped at be.
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Captain Jack wrote:
Angat wrote:Hey CJ, would you say the up move for GBPJPY is done for the day and its
time for it to print an M, fall a little bit and back into accumulation mode?
It's made a nice rise...lots of pins to the high and it's near the high ADR... worth a shot...set SL 10 above
the high pin...
CJ
I guess the move isnt finished.

.
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Angat wrote:Many moves within a bigger move, will you catch them all?
My lines might not be exactly right but you get the picture...
Looks like something I once saw at a Pink Floyd concert....
CJ
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Angat wrote:
I get that Jemook, but when you have a M formation going straight into a W formation going back into
another M formation going back into another W formation its hard to see are you trading the M or the W
right now...
I understand to go back to the higher TF and that will help but CJ was saying that moves happen in 3 (excl
stop hunt move). CJ, Can you touch upon this a little more? Is it always 3? Never 4?
Cheers
What chart and time frame is this?
CJ
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themaxx wrote:
Angat wrote:
Jemook wrote:An M is un upside down W and a W is an upside down M. I

hope this helps
I get that Jemook, but when you have a M formation going straight into a W formation going
back into another M formation going back into another W formation its hard to see are you
trading the M or the W right now...
I understand to go back to the higher TF and that will help but CJ was saying that moves
happen in 3 (excl stop hunt move). CJ, Can you touch upon this a little more? Is it always 3?
Never 4?
Cheers
In my opinion the second down leg of your W is wrong. I'd have drawn it like this:
tri-sexualmove.jpg
That's what I was thinking but to little info in that pic to determine anything....
CJ
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Pueo wrote:Its such a gift to be able to learn from someone who has truly mastered the game. Thank You!
Thanks for the compliment but I'm learning every day. The day you "think" you have it mastered is the day the fox takes
all your chickens!
Cj
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lhDT wrote:
Captain Jack wrote:

Nice catch Lio. Anytime those pins hit a level like that and fall back, it's a good indication of
stops being hit to lock traders in at that level. If they want longs locked there, then long isn't
the right side.
The reversals usually happen during the NY session, where it may retrace and then pull back
into the range...
CJ
Unfortunately both got stopped at be.

What is your sl & profit level for setup like this ?
One of my bad habits is sometime targeting too big tp's and so stopped at be.
On the 15M time frame, 50 pips is a good target. It all depends on the weekly cycle and the 3 day cycle. When you
locate the pairs position in the cycle, you have the possibility of taking a 2-3 day trade which could be 100's of pips.
SL is always about 10 pips above or below the pin + your spread. I don't set. If you do, wait for price to pull away from
the pin a few candles otherwise the broker could spread the bid/ask and trip it. I had one stop out last night when the
broker blew the spread out to 18 pips and hit it. It was a very small account on a new broker so I don't think anymore
will be going there.
CJ
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Angat wrote:
Captain Jack wrote:
Angat wrote:Hey CJ, would you say the up move for GBPJPY is done for the
day and its time for it to print an M, fall a little bit and back into accumulation
mode?
It's made a nice rise...lots of pins to the high and it's near the high ADR... worth a shot...set
SL 10 above the high pin...
CJ
I guess the move isnt finished.
I think you are seeing price top out and getting ready to drop back into the range session.
CJ
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I just shorted the cable pin on h1.

Got two nice bearish M15 candles with almost no wick confirming sellers are back on track after a strong push up.
Comments welcome.
PS : Hope it is good, I've just read that in the Al Brooks book
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by Kruspe » Thu Mar 14, 2013 2:05 pm
I took today one GU trade... I attach it here. Could you CJ (or anybody) pls comment it.
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Sorry CJ, I forget which pair it was now.

.
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by monkeh » Thu Mar 14, 2013 2:10 pm
im sorry for big offtopic,

but hey, if you want to get all CJ stuff you have to go the other side of the screen
you can do it with FireFox. Bit ironic?
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I went long on GBPCAD today, saw the formation of the W on the hourly chart, saw the short trapping volume. Then
got caught in a 40 pip stop run...what a plonker...the market went against me 40 and then shot up 130
There are M's and W's not just at the top and bottom of each day but everywhere. M's in a downtrend, W's in an up
trend.
.
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lhDT wrote:I just shorted the cable pin on h1.

Got two nice bearish M15 candles with almost no wick confirming sellers are back on track after a strong
push up.
Comments welcome.
You could get a little more to the top again, but not much....take a look at it on the H4...nice long stick and wick....also
on the D1....they are in confluence....this leads to stronger moves...
This is where the cycle comes in....GBPUSD has had several days of rising price....this could be the start of a new 3 day
cycle, maybe a weekly reversal....if it is, then there could be an extended drop, over several days....
Notice how the patterns repeat on the higher time frames....this is where you take the longer term moves from....
I'll be stacking orders on this one for weeks! Nice catch Lio!
CJ
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Pueo wrote:This one's been working out nice, got in by the pivot.
The attachment capture18.jpg is no longer available
Closed as a nice pin on my eurnzd short
The attachment capture19.jpg is no longer available
Sorry I wasn't around to catch this one earlier....but take a look at Lio's post on GBPUSD....he is dead on!
CJ
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by mjws00 » Thu Mar 14, 2013 2:54 pm
Kruspe wrote:I took today one GU trade... I attach it here. Could you CJ (or anybody) pls comment it.
Kruspe that is a perfect example of the straightaway. Jump to H4 and H1. You will see they put in a bottom. Yesterday
was the first, larger move out. Tonight on the second move, they didn't want to give all the stuck money the chance, so it
was just 1,2,3 Go instead of that being a fake.
They were kinda sneaky yesterday in GU as well. Timing was different. They told a beautiful story that converted me
from bull, to bear, to damn guess I need to get the hell out of here they can run this HARD against my short.
It is a pretty saga of the fox teaching the flea not to get too cocky. You got the textbook followup lesson on the second
day Taught in a less sneaky more abusive manner.
It is cute so If I get a chance I will mark up the junior foxy screwup.

Mike
EDIT: CJ is already going there.

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monkeh wrote:im sorry for big offtopic,

but hey, if you want to get all CJ stuff you have to go the other side of the screen
you can do it with FireFox. Bit ironic?
Hi Monkeh,
Nothing is off topic in my threads....
I see some learn faster than others!
CJ
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Captain Jack wrote:

Got two nice bearish M15 candles with almost no wick confirming sellers are back on track
after a strong push up.
Comments welcome.
You could get a little more to the top again, but not much....take a look at it on the H4...nice long stick and
wick....also on the D1....they are in confluence....this leads to stronger moves...
This is where the cycle comes in....GBPUSD has had several days of rising price....this could be the start of
a new 3 day cycle, maybe a weekly reversal....if it is, then there could be an extended drop, over several
days....
Notice how the patterns repeat on the higher time frames....this is where you take the longer term moves
from....
CJ
Great !!
You teach us now how you stack your orders ?
I saw on some of your charts tons of orders near each others and I wonder why/how you do it.
Lio
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Kruspe wrote:I took today one GU trade... I attach it here. Could you CJ (or anybody) pls comment it.
The only thing you are going to find on the 5M time frame is pain and suffering....stay on the 15M...
CJ
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Angat wrote:I went long on GBPCAD today, saw the formation of the W on the hourly chart, saw the
short trapping volume. Then got caught in a 40 pip stop run...what a plonker...the market went against me
40 and then shot up 130
There are M's and W's not just at the top and bottom of each day but everywhere. M's in a downtrend,
W's in an up trend.
Post a chart with your entry....I was long GBPCAD and made green pips....now I'm short...
CJ
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For the trendline fans, here is a nice set on AU.

Question of the day is : Is it possible to draw a 90° trendline ?
Answer : No !
Action : Down
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lhDT wrote:
Captain Jack wrote:

Got two nice bearish M15 candles with almost no wick confirming sellers are
back on track after a strong push up.
Comments welcome.
You could get a little more to the top again, but not much....take a look at it on the H4...nice
long stick and wick....also on the D1....they are in confluence....this leads to stronger moves...
This is where the cycle comes in....GBPUSD has had several days of rising price....this could
be the start of a new 3 day cycle, maybe a weekly reversal....if it is, then there could be an
extended drop, over several days....
Notice how the patterns repeat on the higher time frames....this is where you take the longer
term moves from....
CJ
Great !!
You teach us now how you stack your orders ?
I saw on some of your charts tons of orders near each others and I wonder why/how you do it.
Lio
I really don't have any hard rules Lio. When I catch an order up on top of those pins and it starts moving the right way, I
will add or pyramid orders as price moves my way. I will have a preset "watch" area, where I think there may be a pause
or retrace of price. Many times, I will close all the stacked orders there, wait for the retrace and start stacking again.
You have seen me do this on D1 charts mostly, where I my orders are surfing the trend, up or down. I like short's better,
as they tend to more violent with a quicker drop than the rise. There are times when I will close an older order, and
reopen another...this helps to build my equity and tend to margin concerns when I'm pushing my limit. There have been
times in the past, when I have no orders in draw down, that I will push margin right to the very limit....any retrace in price
will close orders that are well in profit, or act as an "emergency stop" and close all open orders.... I do this when I'm
swimming in the green pips and approaching an area where I think price will back track a bit....when it does, all my
orders are closed in profit and I reload them when price finishes the retrace and starts moving again. It is "normal" for me
to be using 95% and more of my margin when I'm stacking...
Most people would think this crazy but most people won't have 20-30 orders open, and all in profit....
This works for me and the way I trade. I would not say it would work for anybody else. That's why 'm not putting forth
my trading style, just knowledge that I have acquired in my forex journey, that may be of benefit to others. This stuff is
generally not for novice traders. I would consider it advanced to say the least.
I suggest everybody who is trying to learn this, do it on a demo account. It's like Steve says in his EA
disclaimers.....YOU WILL LOSE YOUR MONEY, so lose demo money until you are nailing the trades.
CJ
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lhDT wrote:For the trendline fans, here is a nice set on AU.

Question of the day is : Is it possible to draw a 90° trendline ?
Answer : No !
Action : Down
The steeper the rise, the quicker the fall....always wise to check the 1H, 4H and D1 candles...never know what you will
"see"...
CJ
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What's on my plate..... love me some 4H and D1....
CJ
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I have a large plate....
I'd like for you to take a look at the AUDNZD chart I posted earlier with the projections on it....
CJ
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Captain Jack wrote:What's on my plate..... love me some 4H and D1....
CJ
No cable short on the menu ?
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CJ, I didn't close my eurnzd short as I was aiming for the adr low and gap close. Do you think the trade is still good?
Thanks for sharing your lunch menu.
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lhDT wrote:
Captain Jack wrote:What's on my plate..... love me some 4H and D1....
CJ
No cable short on the menu ?
Look on page 54 of this thread, in my reply to your post on Cable.....
I've also got some AUDCHF and maybe one or 2 others...
These are all taken on the higher time frames so I will take the direction of these trades in consideration when looking for
trades on the 15M.
CJ
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Pueo wrote:CJ, I didn't close my eurnzd short as I was aiming for the adr low and gap close. Do you think
the trade is still good? Thanks for sharing your lunch menu.
Consider and then you decide....
CJ
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Nice. I was wondering when I didn't see it on your menu.. I haven't traded the crosses a lot, I have to get used to their
behaviours.
I'm going fire up forex tester professional and go through bar by bar on the 4h some of the crosses.. For anyone that's
doing the sim with mt4, its pretty clunky with the fast forward as you can't easily start and stop it when you want, you
can also go back in time and then press F12 for each new bar. With FX tester you click 4 or 5 times for each bar and
see it in development, plus you can set your trades like in real life and it keeps your totals.
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Captain Jack wrote:
Pueo wrote:CJ, I didn't close my eurnzd short as I was aiming for the adr low and gap close.
Do you think the trade is still good? Thanks for sharing your lunch menu.

CJ
Let's assume a short at the top (the last small "M" up leg), a correct SL should be above the high but by how much ?
As u know this is the favorite broker games to just stop hunt at the highs.
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Here's a good one to consider from both sides of the glass....
Notice how they keep validating the fibo levels but the bar for price itself is always moving lower. This is creating a
"false" S/R level. Longs will set buy stops above the false level. The next time up, those orders will be sitting in an
artificially created zone, ABOVE the true price zone. It will be easy for them to trigger stops at that level again, putting
LONGS in a very disadvantaged area.
SHORTS are no better as their stops are inflated as well and the return will see price spread beyond them and stop them
out for increased losses as the pins are used for stops...
Thoughts?
CJ
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So, I'm hearing that the risk to reward ratio for this trade doesn't put it in the most desirable categories..
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lhDT wrote:
Captain Jack wrote:
Pueo wrote:CJ, I didn't close my eurnzd short as I was aiming for the adr low
and gap close. Do you think the trade is still good? Thanks for sharing your
lunch menu.

CJ
Let's assume a short at the top (the last small "M" up leg), a correct SL should be above the high but by
how much ?
As u know this is the favorite broker games to just stop hunt at the highs.
I expect price to climb higher, printing pins the same way it did before. The last pin may breech the highest, center pin in
the "M" formation. This presents the breakout to a new high....I would enter SHORT here....and hold my SL till price
moved away....
I would use the high of the first set of RRT's, to the left....add 5-10 pips + your spread above the highest pin of the
RRT..if they break and hold this level, price goes higher....if price moves lower, away from the pins, set the SL at the top
of the last, highest pin... I keep a mental stop when they are "dancing" price around the high..... if I plan to leave, I'll set
the hard stop, otherwise I manage the trades without stops when I'm at my computer.
CJ
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Thanks for sharing your approach.
We have an orange news event for nz in 20 minutes..

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Pueo wrote:So, I'm hearing that the risk to reward ratio for this trade doesn't put it in the most desirable
categories..
Not sure where your entry was again ..... one thing you can do is to add an order at the top...this gives you a new trade
with a very good R:R ratio....if you are in DD now, it brings you out of negative float with both orders, sooner.
If you are going to hold and expect price to return to your entry, why would you not add an entry at the top? you can
place an order of larger lot size, with the same risk of smaller sized order that has a larger stop loss.
CJ
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Pueo wrote:Thanks for sharing your approach.
We have an orange news event for nz in 20 minutes..
YW
CJ

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Consider this....it's not our job to "predict" price....we follow price, BUT we can take a close look at price and consider
the possibilities....
Can I say that I'm 100% sure this will happen? No, but it has the potential to happen. No harm in being prepared in case
it does....
You should have a plan for every trade. An entry target, an exit target, stop loss if you use them and to be able to adapt
to what happens along the way. There is no EA or utility out there that can think like the box on your shoulders.
CJ
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Most of your trades are on the first leg, which i guess with your experience you dont really need a confirmation second
high/low which will just eat up profits. And grabbing it on the first legs means your stops can be smaller. I'm trying to get
into the habit of drawing the Ms and Ws of where we think price will go.
Just had a thought, do you think stop runs help shape the Ws and Ms...obviously they do it for the money but it seems to
does help in the pattern shaping...or am i seeing things?
.
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Quick little trade targeting 40pips.....
Added a SELL limit above the 40 pip TP....SL is noted....lets see how this plays to the London....
CJ
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Hi Captain,
what do you think.. could it work like that ?
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btw Goldman Sachs told EG target is 0.91 (when price was somewhere above 0.875)... it looks like they load buys.. 3
accumulation phases and push it up.
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by f451 » Thu Mar 14, 2013 7:48 pm
and here is me taking NU a swing before CJ
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Kruspe wrote:Hi Captain,
what do you think.. could it work like that ?
If that's EURGBP then yes, it's the pattern I have it following....the High is a level 3 Peak....we have had steps lower so
we should be at Level 3 drop which is peak low, which now becomes the new level 1....
If my "guess" is right, we will trade back up to the previous peak high, retrace a bit then set new highs....
Things look better on the 15M....use the 1H to find where you are in the cycle. Peak high or peak low tend to be level 3
and you could see a lot of choppy, irregular price action here....not the pretty pic you have there....
CJ
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f451 wrote:and here is me taking NU a swing before CJ

3-14-2013 3-49-03 PM-SK.jpg
You catch it right, you can usually count on 50 pips easy....off the bottom....or 50% from the high to the low....Fox likes
fibo's....
CJ
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by mjws00 » Thu Mar 14, 2013 8:03 pm
The story of the flea and the fox. You are rockin this thread hard, CJ. Nice.
Sometimes that old fox plays rough. Here is a laugh ya'll.
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Yep, it´s EG.. I see what you wrote.. it does make sense ... I know, it would be choppy now and not so pretty as I
draw.. I just wanted to know you agree it will rise then ... what price would be the best to enter the trade ? .86 or
some buy stops at lower levels ? Thx CJ
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Kruspe wrote:Yep, it´s EG.. I see what you wrote.. it does make sense ... I know, it would be choppy
now and not so pretty as I draw.. I just wanted to know you agree it will rise then ... what price would
be the best to enter the trade ? .86 or some buy stops at lower levels ? Thx CJ
They may throw another low pin later during the stop hunt to pull some shorts in.. I've got 3 orders in now, as low as
could get them....
You won't get all of the pin low because they will spread price....
Like I said, level 3 is usually not normal action, but expect a pin high above range, then a pin low...maybe a "W" or a
straight run if no stop hunt....
CJ
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Thanks, I really appreciate you approach.. it´s great my friend

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Kruspe wrote:Thanks, I really appreciate you approach.. it´s great my friend
YW
CJ
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by f451 » Thu Mar 14, 2013 8:26 pm
Mike, thanks for that - seeing the (almost) mistakes can often be as valuable or more so than the perfect trades
CJ - not only weren't you kidding on your quip about not using all of your available margin, I am super impressed that
you actually invite margin calls to bump up your equity. Nice work, sir!
And a question - do you use limit orders to get a good entry on the second leg of a M or W, and if not, why not?
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f451 wrote:Mike, thanks for that - seeing the (almost) mistakes can often be as valuable or more so than
the perfect trades
CJ - not only weren't you kidding on your quip about not using all of your available margin, I am super
impressed that you actually invite margin calls to bump up your equity. Nice work, sir!
And a question - do you use limit orders to get a good entry on the second leg of a M or W, and if not,
why not?
The only time I use limit orders is when I'm looking for that "M" or "W" top...I'll put an order in going with price to the
top or bottom, a TP level at the top or bottom , and then a limit buy or sell where I think the leg will pin. I just did that on
the EURNZD pair that we were expecting to pin on top of the "M" 2nd leg....my TP was just hit....but I don't know if
they will pin the price high to hit my sell limit...if not, I fire an order out....
Most of the time I trade, it's market orders that I place....
CJ
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Pueo wrote:So, I'm hearing that the risk to reward ratio for this trade doesn't put it in the most desirable
categories..
Trades are there for the taking....should have got in earlier and for more but there's beer money for the weekend!
CJ
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Stops hit high and low on USDJPY - might be a mover tonight....
CJ
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Set of RRT to the low but not a lower low....
CJ
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Hit the stops high on USDJPY again....range extension should begin....
CJ
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Range being extended on EURGBP....scalped out of my earlier trades....hope to get in lower again....
CJ
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by Jemook » Fri Mar 15, 2013 2:02 am
Captain Jack wrote:Set of RRT to the low but not a lower low on EURGBP
CJ
Hi CJ, this one is a great setup and also bouncing off WS1. Quick Q: Do you look at pivots at all or do you only trade
naked (no pics please )
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CHF looks like it's being "held" on some....for the time being...
CJ
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by swisscheese » Fri Mar 15, 2013 2:11 am
Captain Jack wrote:CHF looks like it's being "held" on some....for the time being...
CJ
Good morning everybody from Switzerland.

CJ, thnak you for the Link!
Very nice Thread and Charts!!!
I have a lot read so see you later.
Edi
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Jemook wrote:
Captain Jack wrote:Set of RRT to the low but not a lower low on EURGBP
CJ
Hi CJ, this one is a great setup and also bouncing off WS1. Quick Q: Do you look at pivots at all or do
you only trade naked (no pics please )
Hi Jeremy,
I'm aware that most turns in price will hit some type of S/R line. However, I do not believe that price is drawn to the
level, line or pivot, I believe that the line is drawn by price.
When I trade the 4H and D1, which I've made my home on, I can pretty much see the lines trends would make as well
as S/R areas. I'll throw a line on a chart for reference now and then, as a reminder of something I may want to do when
price gets there, but it's more of a visual aid.
I tend to plot patterns that I feel price will follow as well. There are several posted in the thread and EURGBP is one of
them....
When trading the 15M, I'll follow the "Fox"
CJ
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swisscheese wrote:
Captain Jack wrote:CHF looks like it's being "held" on some....for the time being...
CJ
Good morning everybody from Switzerland.

CJ, thnak you for the Link!
Very nice Thread and Charts!!!
I have a lot read so see you later.
Edi
Hi Edi,
Glad to see you made it all the way from Switzerland! Feel free to jump in anywhere Edi, your input is always welcome.
Now, where's the cheese?
CJ
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by Pueo » Fri Mar 15, 2013 2:57 am
CJ, I notice that you often cover a lot of hours in the trading day. I'm wondering if you check the charts every 15
minutes, or when price level alerts go off, or if you're watching the charts almost all the time?
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mjws00 wrote:The story of the flea and the fox. You are rockin this thread hard, CJ. Nice.
Sometimes that old fox plays rough. Here is a laugh ya'll.
Nice work on the charts Mike. Thanks for your input as it's always welcome....
CJ
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Pueo wrote:CJ, I notice that you often cover a lot of hours in the trading day. I'm wondering if you check
the charts every 15 minutes, or when price level alerts go off, or if you're watching the charts almost all the
time?
I've got a high powered laptop near me all the time. Being retired, I have a lot of time on my hands. As my wife's
caregiver, I'll disappear for awhile when needed. Right now, she is in good health, thank the Lord, and I have a lot of
hours to look at charts if I choose.
I'll pick up the laptop and scan the 1H, 4H and D1's most of the time...they don't change often. When I'm actively
trading the 15M's, I'm always here. I'll let the longer term trades run when I put those on as the lot size tends to be
smaller and the trades need less babysitting....
The setup on the 15M are taking place now. My local time is GMT -5 so I could sleep a few hours and get up around
1-2am if I wanted to check the charts before London. Having worked shift work for 36 years, working nights is nothing
new to me and I enjoy it. Us old, retired folk can fall asleep just about anytime so snoozing during the daylight hours is
no problem.
Spending hours in the charts is how I taught myself to trade as I do. It does take time to stay up on the charts, but once
your get the "rhythm" of the charts, but t comes almost 2nd nature anymore.
CJ
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by Angat » Fri Mar 15, 2013 3:20 am
Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push?
.
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Thanks for the info. That makes a lot of sense to just trade the 15m when it's the busiest volume time of day and then
leave the rest to d/4/1 trades.
I found a barf!
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by lhDT » Fri Mar 15, 2013 3:28 am
Angat wrote:Morning, I see this thread has been busy again. On the GBPUSD, its created a new high,
its this a level 3 push?
Broke yesterday high, broke asian range, strong h1, stong m15 with no wicks.
It this is just stop hunt, that's really big hunting time !
My short is currently at -50 and SL is 50 pips away ...
Will try to stack at the first signal.
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by mjws00 » Fri Mar 15, 2013 3:29 am
Feelin Mellow and FOXY. Watcha got for us today you beautiful critters.
Green Pips.
LOL. My wife LHAO when she stirs at 3AM and sees the flea bathed in the glow of his mighty macbook air. It pretty
much never stops streaming the feed from the servers down in my dungeon. Alpha geek has it's advantages some days.
If ya gonna play. Play hard or stay home. "It's business time."
http://www.youtube.com/watch?v=mhN93rFZuJs
Mike
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lhDT wrote:
Angat wrote:Morning, I see this thread has been busy again. On the GBPUSD, its
created a new high, its this a level 3 push?
We should expect the stop hunts 25-50 pips above/below the asian consolidation zone.
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by Durante » Fri Mar 15, 2013 3:34 am
its this a level 3 push or a stop run or even both?
Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often be identified
when they cut the London high and stay above it for more then 30 minutes. These moves usually won't reverse for three
sessions or half way through the third session after the move started.
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Pueo wrote:
lhDT wrote:
Angat wrote:Morning, I see this thread has been busy again. On the
GBPUSD, its created a new high, its this a level 3 push?
Stop hunts do not always happen or do they?

.
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Pueo wrote:Thanks for the info. That makes a lot of sense to just trade the 15m when it's the busiest
volume time of day and then leave the rest to d/4/1 trades.
I found a barf!
capture9.jpg
I'll get into this a little more as I have time...it doesn't meet the requirements although it looks like one....
CJ
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Bring on the reversals!

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EURBGP range extended....pin to the low...spread past last low....
CJ
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Angat wrote:
Pueo wrote:
lhDT wrote:
Angat wrote:Morning, I see this thread has been busy again.

On the GBPUSD, its created a new high, its this a level 3 push?
They don't happen before a straight away move....
CJ
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its this a level 3 push?
Yesterdays move had 3 levels of rise....
CJ
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Durante wrote:
created a new high, its this a level 3 push or a stop run or even both?
Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often
be identified when they cut the London high and stay above it for more then 30 minutes. These moves
usually won't reverse for three sessions or half way through the third session after the move started.
So we may see at least one more strong up day if not two?

.
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Angat wrote:
Durante wrote:
GBPUSD, its created a new high, its this a level 3 push or a stop run or even
both?
Yesterdays GU move was an intraday trending move, also known as an intentional move.
They can often be identified when they cut the London high and stay above it for more then
30 minutes. These moves usually won't reverse for three sessions or half way through the third
session after the move started.
There was a small range here during Asian...price is extending the range....
CJ
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pinning at the previous day's high low
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Forming RRT on cable (still 10 min to go so ...)

I will maybe add a bit to my short.
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Captain Jack wrote:
Angat wrote:
Durante wrote:

On the GBPUSD, its created a new high, its this a level 3 push or a
stop run or even both?
Yesterdays GU move was an intraday trending move, also known as an

intentional move. They can often be identified when they cut the London high
and stay above it for more then 30 minutes. These moves usually won't reverse
for three sessions or half way through the third session after the move started.
There was a small range here during Asian...price is extending the range....
CJ
Thanks. I hope I get this one day...

.
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Durante wrote:
created a new high, its this a level 3 push or a stop run or even both?
Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often
be identified when they cut the London high and stay above it for more then 30 minutes. These moves
usually won't reverse for three sessions or half way through the third session after the move started.
So you think it's going to rise for 2 more sessions?
I follow a 3 day cycle from the last peak low, which should bring us to a new peak high level 3 today....
Interesting as I see several GBP pair at the 3rd level from the last peak low...
CJ
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Captain Jack wrote:I follow a 3 day cycle from the last peak low, which should bring us to a new peak
high level 3 today....
CJ
If you think that you've caught the 3 day peak, is shooting for 50% of the range a good idea for tp? (the range from peak
to peak)
I get that it depends if the daily or 4 hour are showing you something strong. But I'm wondering what could be a good
exit signal when the situation isn't clear.
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by casapips » Fri Mar 15, 2013 4:20 am
Captain Jack wrote:
Durante wrote:
both?
CJ
Mon Capitaine,
How do you identify cycles? Weekly, Daily, 4H..

I guess then you trade 15 min TF (RTT, M,W, 3 level) in rythme with those cycles.
Merci
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by mjws00 » Fri Mar 15, 2013 4:31 am
lhDT wrote:Forming RRT on cable (still 10 min to go so ...)

I'm sitting on my hands till they throw up that second leg. Then I shall join you. They love getting me aboard early. Much
easier to load a little heavier if I wait a bit. I am always concerned I will miss the peaks. Classic.
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mjws00 wrote:

I'm sitting on my hands till they throw up that second leg. Then I shall join you. They love getting me aboard
early. Much easier to load a little heavier if I wait a bit. I am always concerned I will miss the peaks.
Classic.
Added at the close and locked just in case.

CJ, do u lock your profit once you stack in or something ?
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casapips wrote:
Captain Jack wrote:
Durante wrote:


I follow a 3 day cycle from the last peak low, which should bring us to a new peak high level
3 today....
CJ
Mon Capitaine,
How do you identify cycles? Weekly, Daily, 4H..

I guess then you trade 15 min TF (RTT, M,W, 3 level) in rythme with those cycles.
Merci
3 day cycles are 3 days or rise or 3 days of falling price.
CJ
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lhDT wrote:
mjws00 wrote:

I'm sitting on my hands till they throw up that second leg. Then I shall join you. They love
getting me aboard early. Much easier to load a little heavier if I wait a bit. I am always
concerned I will miss the peaks. Classic.

On this time frame, I take care of it myself....I don't set stops....
If it's a D1 or H4 trade I'm looking to carry for days, yes, I'll lock profit and take "free" trades....
CJ
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Anybody watching EURNZD?
CJ
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lhDT wrote:
mjws00 wrote:

I'm sitting on my hands till they throw up that second leg. Then I shall join you. They love
getting me aboard early. Much easier to load a little heavier if I wait a bit. I am always
concerned I will miss the peaks. Classic.

Careful Lio, there hasn't been a stop hunt as of yet.... usually have range expansion, stop hunt then the move ...
CJ
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Captain Jack wrote:Anybody watching EURNZD?
CJ
Yes, waiting for it to drop, added a bit at the high. Are you talking about how it's railroading to the long side on 1h ? stop
hunt coming?
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Its all about eliott wave theory that I never bothered to learn properly. Price moves in waves of 5. 3 trend waves with 2
counter trend waves. These moves happen on all timeframes and you will find moves within moves.
It seems like everything is coming together now.
Asian range + how they expand it if its small.

Stop runs
trapping volume
Ws & Ms patterns / RTT
Eliott wave theory - main moves of 3.
Potential session based reversals
I think I might write everything I have learnt or trying to learn in a word document, to help it sink in.
.
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Captain Jack wrote:
lhDT wrote:
mjws00 wrote:

I'm sitting on my hands till they throw up that second leg. Then I shall join you.
They love getting me aboard early. Much easier to load a little heavier if I wait a
bit. I am always concerned I will miss the peaks. Classic.

Careful Lio, there hasn't been a stop hunt as of yet.... usually have range expansion, stop hunt then the
move ...
CJ
Yep. Locked and first sign of strength I will close to reshort higher.
thanks !
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Angat wrote:Its all about eliott wave theory that I never bothered to learn properly. Price moves in waves
of 5. 3 trend waves with 2 counter trend waves. These moves happen on all timeframes and you will find
moves within moves.

Stop runs
trapping volume

I think I might write everything I have learnt or trying to learn in a word document, to help it sink in.
Don't waste your time....Elliot wave has nothing to do with this....
CJ
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Captain Jack wrote:
Angat wrote:Its all about eliott wave theory that I never bothered to learn properly. Price
moves in waves of 5. 3 trend waves with 2 counter trend waves. These moves happen on all
timeframes and you will find moves within moves.

Stop runs
trapping volume
I think I might write everything I have learnt or trying to learn in a word document, to help it
sink in.
Don't waste your time....Elliot wave has nothing to do with this....
CJ
Okay..
.
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by mjws00 » Fri Mar 15, 2013 5:03 am
EURNZD. Interesting chart. Almost identical to that GBPUSD chart the fox tricked me on. But could set up very nicely
with a 3 move push. Tap the High, sell it.
Made my shortlist.
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Is this a "M" on cable ?

If yes, is it a good plan to short at the top, and again at the bottom when broken ?
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mjws00 wrote:EURNZD. Interesting chart. Almost identical to that GBPUSD chart the fox tricked me on.
But could set up very nicely with a 3 move push. Tap the High, sell it.
Made my shortlist.
Think it's stop hunting now...
CJ
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lhDT wrote:Is this a "M" on cable ?

If yes, is it a good plan to short at the top, and again at the bottom when broken ?
Looking like it...
CJ

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EURGBP just pinned low after a 3 level drop...check it on the 5M....
CJ
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by mjws00 » Fri Mar 15, 2013 5:17 am
Joined ya Lio.
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by rosst » Fri Mar 15, 2013 5:18 am
Captain Jack wrote:
Angat wrote:
Pueo wrote:
lhDT wrote:
Angat wrote:Morning, I see this thread has been

busy again. On the GBPUSD, its created a new
high, its this a level 3 push?
Broke yesterday high, broke asian range, strong h1, stong m15
with no wicks.
We should expect the stop hunts 25-50 pips above/below the asian
consolidation zone.
CJ
I went back about 2 years and stop hunts (25-50 pips above/below price) happen a few times a month )if I remember
correctly - maybe 3 or 4 times a month on most pairs) - and when price hits that zone - about half the time it will show
you an M or W and then keep on going (not reverse as expected). Some people like CJ can see this stuff like no one
else! Plus he is saving you guys over 5 grand for the useless courses out there...
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CJ
CJ
This Level was good for a few Short-Trades with very low Risk/tight SL.
Maybe it ist still a good Short Level...
Now I'm Long here as the Low prints are pushing higher.
Edi
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swisscheese wrote:
CJ
CJ
Edi
Wow, seems a bit like buying the top no ? Would rather go short overthere.
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swisscheese wrote:
CJ
CJ
Edi
You may be right !

I would sure like to see a good re-trace of that large H4 news candle
And an M form in the RSI
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rosst wrote:
Captain Jack wrote:
Angat wrote:
Pueo wrote:
lhDT wrote:
Angat wrote:Morning, I see this thread

has been busy again. On the
GBPUSD, its created a new high, its this
a level 3 push?
Broke yesterday high, broke asian range, strong h1,

stong m15 with no wicks.
My short is currently at -50 and SL is 50 pips away
...
We should expect the stop hunts 25-50 pips above/below the asian
consolidation zone.
CJ
I went back about 2 years and stop hunts (25-50 pips above/below price) happen a few times a month )if I
remember correctly - maybe 3 or 4 times a month on most pairs) - and when price hits that zone - about
half the time it will show you an M or W and then keep on going (not reverse as expected). Some people
like CJ can see this stuff like no one else! Plus he is saving you guys over 5 grand for the useless courses
out there...
Stop hunts take place every day on every time frame....it's just that on the 15M time frame and with this method....you
look for them to occur 25-50 pips above or below the Asian range....
A news spike is nothing more than a stop hunt....
CJ
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lhDT wrote:
swisscheese wrote:
CJ
CJ
Edi
Wow, seems a bit like buying the top no ? Would rather go short overthere.
Yes it looks definitely like this...
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swisscheese wrote:
CJ
CJ
Edi
Unless I'm mistaken, this was the stop hunt.....
CJ
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Captain Jack wrote:
Durante wrote:
both?
CJ
No. I agree with you. the move started in london session so we should be into the third session now and looking for a
technical exit if still in the buy trade. I won't be shorting though as we're in the trending part of the month and I feel GU is
going to keep making aggressive gains. may be a correction first but I'm quite conservative so will watch a bit longer
before re-entering.
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Captain Jack wrote:
swisscheese wrote:
CJ
CJ
Edi
CJ
SL to BE
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CJ, Question for you. I've always thought that cross pairs were just mathematically based and don't have personality
(foxyness). Example: gbp/usd bid 1.5140 x usd/chf bid 0.9438 = 1.4289 gbb/chf. Is gbp/chf not just the mathematical
result of its base pairs?
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Durante wrote:
Captain Jack wrote:
Durante wrote:


I follow a 3 day cycle from the last peak low, which should bring us to a new peak high level
3 today....
CJ
No. I agree with you. the move started in london session so we should be into the third session now and
looking for a technical exit if still in the buy trade. I won't be shorting though as we're in the trending part of
the month and I feel GU is going to keep making aggressive gains. may be a correction first but I'm quite
conservative so will watch a bit longer before re-entering.
Sounds good...the levels are most important....after that 3rd rise, sometimes you get chop as well....
CJ
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Captain Jack wrote:
swisscheese wrote:
CJ
CJ
Edi
CJ
SL to BE
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swisscheese wrote:
CJ
CJ
Edi
So far so good swisscheese - good call! Maybe this is the breakout trade that will change the trend...
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Shorted EurNzd at the 15min close, was a good level at the top and that sucker went up right after ...
SL going to be it ...
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by mjws00 » Fri Mar 15, 2013 6:05 am
LOL. I am looking at a few current abortions, myself. I am figuring I am just early as usual.
Mike
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swisscheese wrote:
CJ
CJ
Edi
Looks like you got it Edi....back to the drawing board on this one....
CJ
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Went looking for some "news" on GBPUSD....didn't find much but this.....
Market talk of a large option expiry for today's NY cut in GBP/USD at 1.5150 - Unconfirmed
From talking-forex.com
Read Full Story at talking-forex.com
BREAKING
Could be cause for the rise in the pair....
CJ
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by mrelectron » Fri Mar 15, 2013 6:19 am
<snip>
.... as we're in the trending part of the month ....
</snip>
Hi Durante:
Can you expand on that? How do you define the trending part of a month?
Thanks
Mark
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Captain Jack wrote:
swisscheese wrote:
CJ
CJ
Edi
CJ
CJ,
Lucky Punch, that's all.
Somehow I have problems with posting here.

There are 2 Post's somewhere in the Forum-Nirvana...
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Captain Jack wrote: Market talk of a large option expiry for today's NY cut in GBP/USD at 1.5150 -
Unconfirmed
Price has been hit so hope we will going back down ...
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Wasn't it meant to go up anyway? I would have thought at least around 120 pips?
Also if a reversal were to happen, wouldnt it happen around the NY open?
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USDCAD short
This Pair is in a thin Range, so the Risk for this Short is ok.
Edi
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swisscheese wrote:
Captain Jack wrote:
swisscheese wrote:
CJ
CJ
Edi
CJ
CJ,
Lucky Punch, that's all.
Somehow I have problems with posting here.

There are 2 Post's somewhere in the Forum-Nirvana...
If there are new posts while you are writing your's, it doesn't post the message...you have to submit it twice....
Lucky hell! You nail as many as I do!
CJ
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swisscheese wrote:USDCAD short
Edi
Auhmwowwo, again I would do the opposite.

Btw, you EurNzd long is going fine ... my short bad.
Market will decide.
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Angat wrote:Wasn't it meant to go up anyway? I would have thought at least around 120 pips?
Yeah, I said new level 3 high today then lower in the NY, in an earlier post.... it's not a good setup as the range was
compressed then no expansion or stop hunt.....
Level 3's come with 3 levels of rise at times.... looks like 3 with a small #2....
CJ
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Take a look at EURCHF....
CJ
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Captain Jack wrote:Take a look at EURCHF....

CJ
More upside ?
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For eur/nzd, isn't it mostly just a matter of whether euro stays up or tanks? If euro goes down, it accelerates faster then
nzd/usd so eur/nzd goes down. ? There doesn't seem like any major news or fundamentals pushing nzd right now..
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Edi, you holding long on EURNZD? It's rolling over.....going to add a short here... stopped out on my earlier attempt....
CJ
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lhDT wrote:
Captain Jack wrote:Take a look at EURCHF....

CJ
More upside ?
Looking like a NY setup....
CJ
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Captain Jack wrote:
Angat wrote:Wasn't it meant to go up anyway? I would have thought at least around 120
pips?
Yeah, I said new level 3 high today then lower in the NY, in an earlier post.... it's not a good setup as the
range was compressed then no expansion or stop hunt.....
Level 3's come with 3 levels of rise at times.... looks like 3 with a small #2....
CJ
Thank you, I'll get out here and watch for a nice reversal pattern.
.
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Pueo wrote:For eur/nzd, isn't it mostly just a matter of whether euro stays up or tanks? If euro goes down,
it accelerates faster then nzd/usd so eur/nzd goes down. ? There doesn't seem like any major news or
fundamentals pushing nzd right now..
NZDUSD is printing an"M" on the 1H....
CJ
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AUDCAD looks heavy
1. a Break
2. a retest of the broken level
3. then Enter short, not like me (already short)
Edi
On the Daily Chart we see that this Pair was sold heavily at this Level. Yesterdays Pinbar could be a false Breakout and
selling preasure could start again...
on vera
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Captain Jack wrote:Edi, you holding long on EURNZD? It's rolling over.....going to add a short here...
stopped out on my earlier attempt....
CJ
SL @ BE and watching how the Pair behaves... I don't like the Pinbar.
Thank you for your Help (Posting etc.)
Edi
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USDCHF 3rd leg down to the low...another NY setup possibility.....
CJ
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NZDJPY
The Lowprints are pushing higher.

Let's see what happen.
Edi
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Hey Captain, so I know you trade with the 3 push move which usually takes 3 days form.
My question is whats next, is there an ABC push in the opposite direction and then another 3 day cycle. OR is it a 3
push cycle followed by another 3 push cycle?
thank you sorry if that was poorly worded.

.
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I'll bite on the 2nd leg....
CJ
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Angat wrote:Hey Captain, so I know you trade with the 3 push move which usually takes 3 days form.
My question is whats next, is there an ABC push in the opposite direction and then another 3 day cycle.
OR is it a 3 push cycle followed by another 3 push cycle?
Don't confuse levels, which the 3 day cycle runs on....3 days or rise or 3 days of fall....
The 3 levels or price rise or fall occur within the sessions....the 3 push high or low also occur out of the Asian range....
There is usually a direction change after the 3 day cycle....hence mid-week reversals....
CJ
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swisscheese wrote:AUDCAD looks heavy
1. a Break
2. a retest of the broeken level
3. then Enter short, not like me (alreade short)
Edi
I caught this one up on the "M" pattern.....holding on to it for awhile....
Actually, with NY coming, I'm taking it off the table... will reconsider later...might get a bounce here...
Looking to reverse and go long into NY....upon 2nd look....
Couple more looking like NY material
CJ
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CJ, I can see how we can save a lot of money by not using fixed stop losses. The challenge is what to do when you get
caught the wrong way on a move that quickly goes outside your comfort zone. I figure that the answer is to hedge and
then wait for a turning point. As one gets better at nailing high probability turning points then you can save on these
losses. Is that what you do?
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Captain Jack wrote:
Angat wrote:Hey Captain, so I know you trade with the 3 push move which usually takes 3
days form.
My question is whats next, is there an ABC push in the opposite direction and then another 3
day cycle. OR is it a 3 push cycle followed by another 3 push cycle?
The 3 levels or price rise or fall occur within the sessions....the 3 push high or low also occur out of the
Asian range....
CJ
Okay thank you its just my terminology that is wrong. Days, Levels, Pushes. I think im getting it now. Ty
.
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Captain Jack wrote:
1. a Break
Edi
CJ
CJ,
Could you show me such a M-Pattern-Chart for this Pair?
Thanks.
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mrelectron wrote:<snip>
.... as we're in the trending part of the month ....
</snip>
Hi Durante:
Can you expand on that? How do you define the trending part of a month?
Thanks
Mark
Traditionally the middle two weeks of the month are when the large gaining moves are made. I think CJ touched on this
already. the first day of the week/ week of the month and month of the year often show false moves ie counter trend or
opposite to the direction that the players ultimately have in mind. The last week is used for wide ranging swings. Special
caution should be taken in weeks where major economic news announcements happen at an unusual time for instance
NFP usually occurs on the first Friday after the month ends but when it doesn't you can be sure there will be extra large
swings which cause margin calls to a lot of traders who are not careful.(don't ask me why they do that) This isn't set in
stone of course but has a statistical probability of playing out. Hopefully CJ will expand more on this at some point and
also correct me if he's known and different.
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eu
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CJ I got a couple of question, not for setups but for the rest. Hope you will find a couple of minutes to answer.
Targets, stops & MM :

I know you don't set a true SL but use a mental stop, like if the price goes higher than that I close or if that bar looks hell
bearish I close my long with a small loss.
So, how you setup your risk ? Based on a hard stop ? How you can calculate your lot size. I saw in your statement you
took 5 or 10 lots trades. I calculated my lot size based on my entry & SL but without SL it's a bit hard.
Also for TP levels, you close when you think the move is over. What kind of profit you got on M15 ? Size of the
previous swing ? Fixed TP ?
I'm a bit 100% lost on that part. (and about 50% ok on setup )
Thanks !
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Captain Jack wrote:
1. a Break
Edi
Actually, with NY coming, I'm taking it off the table... will reconsider later...might get a bounce here...
CJ
Wonderfull CJ!!!
I love these Entry...
Thanks
Edi
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Pueo wrote:CJ, I can see how we can save a lot of money by not using fixed stop losses. The challenge is
what to do when you get caught the wrong way on a move that quickly goes outside your comfort zone. I
figure that the answer is to hedge and then wait for a turning point. As one gets better at nailing high
probability turning points then you can save on these losses. Is that what you do?
If you can hedge that's good. I try not to let them get away from me...I'd rather take a loss than take a bigger loss cause
there's always another trade....
CJ
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Angat wrote:
Captain Jack wrote:
Angat wrote:Hey Captain, so I know you trade with the 3 push move which
usually takes 3 days form.
My question is whats next, is there an ABC push in the opposite direction and
then another 3 day cycle. OR is it a 3 push cycle followed by another 3 push
cycle?
The 3 levels or price rise or fall occur within the sessions....the 3 push high or low also occur
out of the Asian range....
CJ
Okay thank you its just my terminology that is wrong. Days, Levels, Pushes. I think im getting it now. Ty
I intermix them myself so it's easy to see that it's confusing....
CJ
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Take a look at the GBP and EUR crosses....they are all looking like NY material with many making small "M" up high on
the 15M....
CJ
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by mjws00 » Fri Mar 15, 2013 7:57 am
Yep. I wish they'd just get on with it already. Shouldn't be long now. CHF seems to finally be rolling over as well.
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lhDT wrote:CJ I got a couple of question, not for setups but for the rest. Hope you will find a couple of
minutes to answer.

I know you don't set a true SL but use a mental stop, like if the price goes higher than that I close or if that
bar looks hell bearish I close my long with a small loss.
So, how you setup your risk ? Based on a hard stop ? How you can calculate your lot size. I saw in your
statement you took 5 or 10 lots trades. I calculated my lot size based on my entry & SL but without SL it's
a bit hard.
Also for TP levels, you close when you think the move is over. What kind of profit you got on M15 ? Size
of the previous swing ? Fixed TP ?
Thanks !
I may not be able to give you a good answer Lio .... on the 15M time frame, 50 pips for TP1 s reasonable, with more
probable. If you look at the AUDCAD trade I just closed, I took around 60 pips and got it from the "M" top to
support....that's almost all from the day hi to the day lo....
I handle risk totally different than everybody. To me, risk comes into play when your trade is a loser, going to SL. You
have to have so many winners to losers at a certain risk to make money. I have been able to hit 80% and higher on my
trades....
When I take large lot trades like that, it's usually scalping 10 pips or less....at $10.00/pip, 10 pips and 20 lots is a nice
trade....
When I'm pyramiding orders, the lots add up as well. I may have 10-20 orders on the same pair, totaling 10 lots or
more....
I don't really think about it and I don't worry about it. When I enter a trade, I expect it to be a winner.
Again, you can figure your risk the standard way....it's how you trade. Nothing wrong at all with it. It's what works for a
lot of people.
You can do it the same way if you don't set the hard stop.... use 50 pips for target, your mental stop, which should be
10-15 pips if your get good entry, this includes your spread, and figure it the way you always do. You still need the
discipline to close the trade if it hits negative float....but you have the option not to do so if it's just the dealer spreading
price and printing a pin bar that goes a little past....
I'll scare the crap out of you if you see what I do...calculate my lot size? It's more like, how much margin is left and
where can I lay it out....
CJ

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Captain Jack wrote:Take a look at the GBP and EUR crosses....they are all looking like NY material
with many making small "M" up high on the 15M....
CJ
What is NY Material?
Edi
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I see "M" everywhere on EURNZD ... I added at the top.

Tempted to close both for BE but H1 look pretty bearish with all those pins !
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Thank you CJ on all your help so far and thank you starting this thread, also thank you Steve if you're reading, for this
forum! It's great! P.S. Please don't stop helping us, CJ! You're seriously a fantastic teacher!
.
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lhDT wrote:I see "M" everywhere on EURNZD ... I added at the top.
Long closed with 20 Pips.

Edi
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It all depends on the cycle, that smaller M might turn into a W and a new cycle upwards might begin, I havent developed
the ability to see the larger cycle yet. I need CJ powahs!
.
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swisscheese wrote:USDCAD short
Edi
SL to BE
Edi
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swisscheese wrote:
Captain Jack wrote:Take a look at the GBP and EUR crosses....they are all looking like
NY material with many making small "M" up high on the 15M....
CJ
What is NY Material?
Edi
Price will reverse course during the NY session fairly often and it's Friday....look for the reversals then around 2-5Pm
est, for price to range...
CJ
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swisscheese wrote:

Edi
Booked with green pips Edi...way to go...
CJ
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Captain Jack wrote:

I may not be able to give you a good answer Lio .... on the 15M time frame, 50 pips for TP1 s reasonable,
with more probable. If you look at the AUDCAD trade I just closed, I took around 60 pips and got it from
the "M" top to support....that's almost all from the day hi to the day lo....
I handle risk totally different than everybody. To me, risk comes into play when your trade is a loser, going
to SL. You have to have so many winners to losers at a certain risk to make money. I have been able to hit
80% and higher on my trades....
When I take large lot trades like that, it's usually scalping 10 pips or less....at $10.00/pip, 10 pips and 20
lots is a nice trade....
When I'm pyramiding orders, the lots add up as well. I may have 10-20 orders on the same pair, totaling
10 lots or more....
I don't really think about it and I don't worry about it. When I enter a trade, I expect it to be a winner.
Again, you can figure your risk the standard way....it's how you trade. Nothing wrong at all with it. It's what
works for a lot of people.
You can do it the same way if you don't set the hard stop.... use 50 pips for target, your mental stop, which
should be 10-15 pips if your get good entry, this includes your spread, and figure it the way you always do.
You still need the discipline to close the trade if it hits negative float....but you have the option not to do so if
it's just the dealer spreading price and printing a pin bar that goes a little past....
I'll scare the crap out of you if you see what I do...calculate my lot size? It's more like, how much margin is
left and where can I lay it out....
CJ
Thank for taking time answer. A 50 tp for M15 is already a good clue.
In fact If I understand this well, we need to threat this (at least for m15) as pure scalp. Higher risk, locking or exiting at
the first sign of weakness ?
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lhDT wrote:CJ I got a couple of question, not for setups but for the rest. Hope you will find a couple of
minutes to answer.

I know you don't set a true SL but use a mental stop, like if the price goes higher than that I close or if that
bar looks hell bearish I close my long with a small loss.
So, how you setup your risk ? Based on a hard stop ? How you can calculate your lot size. I saw in your
statement you took 5 or 10 lots trades. I calculated my lot size based on my entry & SL but without SL it's
a bit hard.
Also for TP levels, you close when you think the move is over. What kind of profit you got on M15 ? Size
of the previous swing ? Fixed TP ?
Thanks !
If you ride price one way as I did with AUDCAD, you can usually count on 50% of the move on the retrace back and
into range again.... that way the fibo levels are validated....
The 3 levels or rise or drop will also create the support resistance areas that people are familiar with....
CJ
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Whats going on with EURCHF right now? I thought there was going to be a corrective move up to around the daily high.
Is that idea right, and still in play?
.
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Oh news is coming out.
EDIT: For those who are reading this thread later, CPI results came out just now.
.
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lhDT wrote:
Captain Jack wrote:

I may not be able to give you a good answer Lio .... on the 15M time frame, 50 pips for TP1
s reasonable, with more probable. If you look at the AUDCAD trade I just closed, I took
around 60 pips and got it from the "M" top to support....that's almost all from the day hi to the
day lo....
I handle risk totally different than everybody. To me, risk comes into play when your trade is a
loser, going to SL. You have to have so many winners to losers at a certain risk to make
money. I have been able to hit 80% and higher on my trades....
When I take large lot trades like that, it's usually scalping 10 pips or less....at $10.00/pip, 10
pips and 20 lots is a nice trade....
When I'm pyramiding orders, the lots add up as well. I may have 10-20 orders on the same
pair, totaling 10 lots or more....
I don't really think about it and I don't worry about it. When I enter a trade, I expect it to be a
winner.
Again, you can figure your risk the standard way....it's how you trade. Nothing wrong at all
with it. It's what works for a lot of people.
You can do it the same way if you don't set the hard stop.... use 50 pips for target, your
mental stop, which should be 10-15 pips if your get good entry, this includes your spread, and
figure it the way you always do. You still need the discipline to close the trade if it hits negative
float....but you have the option not to do so if it's just the dealer spreading price and printing a
pin bar that goes a little past....
I'll scare the crap out of you if you see what I do...calculate my lot size? It's more like, how
much margin is left and where can I lay it out....
CJ
Thank for taking time answer. A 50 tp for M15 is already a good clue.
In fact If I understand this well, we need to threat this (at least for m15) as pure scalp. Higher risk, locking
or exiting at the first sign of weakness ?
The TP areas and turning points are relative to the level of the rise or fall....you also have the 3 push rise or fall in price
on a daily basis to use as clues....the other things we talk about, reversal RRT's, "W" and "M"'s which give 2 chances for
exit....lots of different clues....
The 50 pips is a conservative TP.....consider the ADR range for the pair as well....are you in at the high or low ADR or
the HOD/LOD....things like that will make a difference.
CJ
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Angat wrote:Whats going on with EURCHF right now? I thought there was going to be a corrective move
up to around the daily high. Is that idea right, and still in play?
There's almost 9hrs left for the next moves...
CJ
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Guys, you are going fast!
EJ, M15, stophunt going on, M in the making ?
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GBPJPY M pattern. 15mins

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by Pipsurfer » Fri Mar 15, 2013 8:50 am
Hey captain,
Quick question: where do you take profit?
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Pipsurfer wrote:Hey captain,
Quick question: where do you take profit?
When I'm happy with what I made!
We've just been talking about that, look at the past couple pages of posts....but 50pips is a good target on the M15....
CJ
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Hitting the stops before the shift change....
CJ
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by mjws00 » Fri Mar 15, 2013 8:56 am
Heh. I should have stayed asleep. Picture perfect setups mostly gone to hell. Foxy has decided to take me for a little
ride. I gotta filter this stuff better. Love the GBPUSD Short, it is just early. Love EURGBP long, it is awesome, but
moves so much slower than the pairs that put me in pain. Thought we'd see more YEN strength and EUR weakness. But
they are making me wait.
Not sure I can read this stuff and trade at the same time. Too easy to develop bias.
I'm off for a snack and possibly a nap. NY either pushes it in my direction or they don't. No use worrying about it
fretting about every tick.
Ciao boys, there may be some pretty forensic pictures after this adventure.
Mike
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mjws00 wrote:Heh. I should have stayed asleep. Picture perfect setups mostly gone to hell. Foxy has
decided to take me for a little ride. I gotta filter this stuff better. Love the GBPUSD Short, it is just early.
Love EURGBP long, it is awesome, but moves so much slower than the pairs that put me in pain. Thought
we'd see more YEN strength and EUR weakness. But they are making me wait.
Not sure I can read this stuff and trade at the same time. Too easy to develop bias.
I'm off for a snack and possibly a nap. NY either pushes it in my direction or they don't. No use worrying
about it fretting about every tick.
Ciao boys, there may be some pretty forensic pictures after this adventure.
Mike
I won't be far behind...have a good one Mike....
CJ
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I think the GBPJPY might head down to 138 by middle of next week. We'll see.
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Angat wrote:Thank you CJ on all your help so far and thank you starting this thread, also thank you Steve
if you're reading, for this forum! It's great! P.S. Please don't stop helping us, CJ! You're seriously a fantastic
teacher!
Thanks Angat...I've got time on my hands right now but that might not always be the case....
CJ
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RTT on NZDUSD 1h now I think.

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swisscheese wrote:

Edi
Let's try the Short way down...

Edi
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by Kruspe » Fri Mar 15, 2013 9:49 am
Lol, my yesterday´s projections is actually working.. it´s funny and only accident
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by Kruspe » Fri Mar 15, 2013 9:51 am
My limit order was too low, but I expected we will visit this price in near future... it would be sad if journeywould run
without kruspe
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Kruspe wrote:My limit order was to low, but I expected we will visit this price in near future... it would be
sad if journeywould run without kruspe
Yes, good call....we could get several days of upwards movement here.... still time to get an entry....good luck!
CJ
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Hey Lio....this one's for you!
Scalping the pin.....
CJ
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swisscheese wrote:

Edi
Short here
I posted this earlier but ...no Post... now this Post is late... sorry guys.
How long does it take until my Post don't have to goe trough this "Approval Mode"?
Cheers
Edi
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Captain Jack wrote:Hey Lio....this one's for you!
3-15-2013 9-03-29 AM.png
CJ
Quite a lot "Beer Money" for the Weekend...
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3-15-2013 9-03-29 AM.png
CJ
Grrr nice
I got spiked on E/N ended with SL hit then it reversed. This with some others losses ruined my weekly profits (using
10.4).
Need to learn avoiding sl with your method.
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Captain Jack wrote:
Kruspe wrote:My limit order was to low, but I expected we will visit this price in near
future... it would be sad if journeywould run without kruspe
Yes, good call....we could get several days of upwards movement here.... still time to get an entry....good
luck!
CJ
I'm trying to work out the cycles for EURGBP just tell me if I'm correct please...
End of feb till last week was a 5 point move (3 level thingy), then this week was the corrective move down. We should
see another 5 point move up for about 2 weeks...is that more or less it, or have i got that totally wrong?
.
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Long with these 2 Pairs
EURCAD and GBPCAD
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swisscheese wrote:Long with these 2 Pairs
EURCAD and GBPCAD
But please tell why my friend...whats your logic. I shorted the GBPCAD as I think this move up is the end of a 2 level
corrective move, it should hopefully print an M pattern. Soon find out if im wrong tho.
.
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swisscheese wrote:
swisscheese wrote:

Edi

Edi
15 Pips for me and no more new Trades for today.

This Scalping thing makes me nervous.
This evening I want to use my BBQ in between the Snow in my Garden, so I can calm down again.
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Angat wrote:
EURCAD and GBPCAD
But please tell why my friend...whats your logic. I shorted the GBPCAD as I think this move up is the
end of a 2 level corrective move, it should hopefully print an M pattern. Soon find out if im wrong tho.
You are right I close these 2 Trades.
Have a nice Weekend all
Edi
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lhDT wrote:
3-15-2013 9-03-29 AM.png
CJ
Grrr nice
I got spiked on E/N ended with SL hit then it reversed. This with some others losses ruined my weekly
profits (using 10.4).
Need to learn avoiding sl with your method.
We need to remember that when a new session starts, they hit the stops, high and low....to lock traders in positions for
the oncoming session. Take a look at the pin high and pin low on a lot of the charts....it happens on every session
change....
CJ
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swisscheese wrote:
swisscheese wrote:

Edi

Edi
Looking good!
CJ
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NZDUSD has some push left to make the final high, I went too early. I forget there are levels within levels.
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by SWG123 » Fri Mar 15, 2013 11:21 am
swisscheese wrote:
Angat wrote:
EURCAD and GBPCAD
But please tell why my friend...whats your logic. I shorted the GBPCAD as I think this
move up is the end of a 2 level corrective move, it should hopefully print an M pattern. Soon
find out if im wrong tho.
Edi
I would only scalp short, long term long. Take a look at the Weekly chart - on Tuesday GBPCAD made a double
bottom at a 2-year low.
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SWG123 wrote:
swisscheese wrote:
Angat wrote:
EURCAD and GBPCAD
But please tell why my friend...whats your logic. I shorted the GBPCAD as I
think this move up is the end of a 2 level corrective move, it should hopefully
print an M pattern. Soon find out if im wrong tho.
Edi
I would only scalp short, long term long. Take a look at the Weekly chart - on Tuesday GBPCAD made a
double bottom at a 2-year low.
50 pips please... then I'll exit. thanks for the heads up.
Hey CJ, do you take into consideration yearly/monthly highs/lows when you are researching pairs?
.
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Angat wrote:
SWG123 wrote:
swisscheese wrote:
Angat wrote:
EURCAD and GBPCAD
But please tell why my friend...whats your logic. I shorted the

GBPCAD as I think this move up is the end of a 2 level corrective
move, it should hopefully print an M pattern. Soon find out if im
wrong tho.
Edi
I would only scalp short, long term long. Take a look at the Weekly chart - on Tuesday
GBPCAD made a double bottom at a 2-year low.
50 pips please... then I'll exit. thanks for the heads up.
Hey CJ, do you take into consideration yearly/monthly highs/lows when you are researching pairs?
No...I don't know of any reason why I would.
CJ
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I'm sure the fox cares about them, but we are looking more for the fox's footprints. We are following the fox and fox is
always right.
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by sat79 » Fri Mar 15, 2013 11:42 am
Oh boy I have been lucky past 2 days. Yesterday I start sneaking in shadows of captain. Basicly I have only practise
entryes and nothing more. Next weeks program is practice level counting, cause that seems to be sometimes hard and I
think it's pretty important. Allso have to let trades run bit more...
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Long list is open orders...short list are booked trades.....
I hope you guys and gals got some of them....it's hard to post every chart when trading....
The 4H charts I posted are also open....
Need a nap before the close....
CJ
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sat79 wrote:Oh boy I have been lucky past 2 days. Yesterday I start sneaking in shadows of captain.
Basicly I have only practise entryes and nothing more. Next weeks program is practice level counting,
cause that seems to be sometimes hard and I think it's pretty important. Allso have to let trades run bit
more...
Looking good, Brother! Keep up the good work and keep practicing. It gets easier as you go.
CJ
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Very nice both of you.. Next week I'll post mine if I do well.I think I may slip up a few times tho. I hope I dont forget
about the stop runs/ extension of asian rages in the morning.
.
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Captain Jack wrote:Long list is open orders...short list are booked trades.....
I hope you guys and gals got some of them....it's hard to post every chart when trading....
The 4H charts I posted are also open....
Need a nap before the close....
CJ
Awesome ... I would say your broker should be happy

Have a nice week-end.
Next week plan a webinar ??
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by sat79 » Fri Mar 15, 2013 11:59 am
Captain Jack wrote:
sat79 wrote:Oh boy I have been lucky past 2 days. Yesterday I start sneaking in shadows
of captain. Basicly I have only practise entryes and nothing more. Next weeks program is
practice level counting, cause that seems to be sometimes hard and I think it's pretty
important. Allso have to let trades run bit more...
Looking good, Brother! Keep up the good work and keep practicing. It gets easier as you go.
CJ
Have to look where we stay after month or two... Or maybe I blow up my account allready in next week. This time I
still think more beeing lucky... Time will show. But lucky or not, I'm very impressed.
I'm very thankful of Captains and others work in here. Keep going good work.
Captain, when we see next time, I'll buy beers.
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by Angat » Fri Mar 15, 2013 12:06 pm
Finally we may have reached the top of the NZDUSD...
I think GBPCAD will fall alot more but as its Friday, I'll pull out. In fact there should be one more push down before I
rekon it turns for the day.
.
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Stacked and Jacked, Lio!
I see 2 legs down with the 3rd started...looking for pins to close out before the pull back into the close...
CJ
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by SWG123 » Fri Mar 15, 2013 12:43 pm
Anyone barfing on GU?
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by mjws00 » Fri Mar 15, 2013 12:46 pm
I think that EURNZD chart is one of the prettiest I've ever seen.
Everything on my much smaller board was green. I am flat for the weekend. Almost left everything to run. But we all
know I'll be there to hit the trigger Monday. And I LIKE MONEY in my acct.
Now I can play on this thread and study in peace. AND The NAP was good Too!
Mike
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mjws00 wrote:I think that EURNZD chart is one of the prettiest I've ever seen.
Everything on my much smaller board was green. I am flat for the weekend. Almost left everything to run.
But we all know I'll be there to hit the trigger Monday. And I LIKE MONEY in my acct.
Mike
I dont think it was a textbook M, the second high was higher than the first so I passed.
Nap what a good idea, I could use a good sleep, making pips is hard work.
.
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SWG123 wrote:Anyone barfing on GU?
gu 130315.gif
I have it short but for other reasons. Have you noticed how they have "dirtied" up the candle patterns? Those used to be
so easy to see...now it's pins and runs all over that require "interpretation"... very few clean patterns anymore....
Nice find though!
CJ
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by mjws00 » Fri Mar 15, 2013 12:52 pm
Angat wrote:
Everything on my much smaller board was green. I am flat for the weekend. Almost left
everything to run. But we all know I'll be there to hit the trigger Monday. And I LIKE
MONEY in my acct.
Mike
Heh. Oh that fox tested us in the pattern. She was a clever little ho.
It is the orders man. Look at the fn orders. It makes my heart sing.
Mike
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Everything on my much smaller board was green. I am flat for the weekend. Almost left everything to run.
But we all know I'll be there to hit the trigger Monday. And I LIKE MONEY in my acct.
Mike
Missed the nap here...early to bed tonight....I mean this evening lol....
Glad to hear your green going forward, that's where we all want to be.
A lot of these are starting a new 3 day cycle so I'll probably carry over the weekend...it they hit right, I won't have to
pay triple the freaking swap Wednesday!
On 2nd thought, went ahead and booked a bunch of those...."W" forming on the lower ends....
Took a few orders going the other way, into the close. Will hold for the gap on Monday...
CJ
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by mjws00 » Fri Mar 15, 2013 1:07 pm
I'm sitting 31/38 for the last 3 weeks, and a few of the misses were misclicks and messing around. R:R still over 3. I
screwed up my pips this week though, closed a few large runners against me when the net position was in profit from
larger trades above.
Doesn't feel like "easy" market conditions or luck. So I have been upping size steadily. I have been well versed in 0.5%
style risk. Always always keep a big stack of chips available to play with. But I have never had a problem pushing hard
with house money. That is where CJ shines to perfection.
Mike
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Angat wrote:
MONEY in my acct.
Mike
They didn't get what they wanted in the area of the old pins....so they took it higher and sold the breakout....then they got
what they needed and back to the original plan.....
They will vary the patterns and change them up....they've actually become quiet dirty, with the long wicks, pins, "holding"
the pair in a range....lot's of new tricks that they've added...
If you really look, that first leg up WAS the range expansion out of the narrow Asian, and the 2nd move up was the stop
hunt....
CJ
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Got a couple of trades I want to see profit before I close them. They are on NZDUSD, are we going to see a drop
before close of play you think?
.
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mjws00 wrote:I'm sitting 31/38 for the last 3 weeks, and a few of the misses were misclicks and messing
around. R:R still over 3. I screwed up my pips this week though, closed a few large runners against me
when the net position was in profit from larger trades above.
Doesn't feel like "easy" market conditions or luck. So I have been upping size steadily. I have been well
versed in 0.5% style risk. Always always keep a big stack of chips available to play with. But I have never
had a problem pushing hard with house money. That is where CJ shines to perfection.
Mike
Let them off easy today as I only went over half my margin when I had those AUDCAD scalps open....
I'd like to get me some of that 1000:1 from overseas....you guys are lucky!
CJ
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Angat wrote:Got a couple of trades I want to see profit before I close them. They are on NZDUSD, are
we going to see a drop before close of play you think?
I would like to think it would drift lower and then bump up a bit into the close as I got me some too!
Good luck!
CJ
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Captain Jack wrote:
Angat wrote:Got a couple of trades I want to see profit before I close them. They are on
NZDUSD, are we going to see a drop before close of play you think?
I would like to think it would drift lower and then bump up a bit into the close as I got me some too!
Good luck!
CJ
Excellent I'll create SLs on them and let them ride over the w/e if have to. I think the next main move is down, but I'll
have to confirm later, working out the cycles isnt second nature yet and is a bit hard work when your scanning 20 pairs
but is well worth it! So thats what I'll be doing this w/e. I research all the pairs tomorrow and sunday.
As for SLs and gaps, I guess I need a bigger SL to take the gap into consideration, what would you suggest?
.
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by mjws00 » Fri Mar 15, 2013 1:31 pm
Angat. If you are messing with 10.4. 4Hr rsi2 on tma slope does an almost perfect job of highlighting this 2-3day
variable cycle. I ignored it a bit while flying a little more naked. But don't hesitate to use a few tools you may be used to
to help clarify information. CJ isn't being a purist for pure's sake. He simply doesn't benefit by the extra clutter.
I'm not missing them raw anymore, but I was initially. Plus they can really muddle em up when they are chopping up a
larger timeframe, or running hard.
Mike
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mjws00 wrote:Angat. If you are messing with 10.4. 4Hr rsi2 on tma slope does an almost perfect job of
highlighting this 2-3day variable cycle. I ignored it a bit while flying a little more naked. But don't hesitate to
use a few tools you may be used to to help clarify information. CJ isn't being a purist for pure's sake. He
simply doesn't benefit by the extra clutter.
I'm not missing them raw anymore, but I was initially. Plus they can really muddle em up when they are
chopping up a larger timeframe, or running hard.
Mike
You should be able to see the sessions with the indicator you uploaded....switch to a 1H time frame and you can see if
the sessions are trending higher or lower and how many in the count....3 up or 3 down and a reversal....
CJ
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Oh okay, I'll grab that then, I think its good to learn it manually but, if it can make life easier, i'm all for it. "RSI2 on TMA
Slope" is what I'm looking for?
I'm not into 10.4 I had a brief look at it and tried it out for a bit, I didnt really feel it, perhaps I should revisit it based on
my new found knowledge I gained this week and boy did I learn alot. I'm still going to write it all up in a document to
help it sink in.
Thanks CJ n all.
.
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by mjws00 » Fri Mar 15, 2013 2:06 pm
Yep. works perfectly to show the daily cycles. The mtf visual version on 1H is perfect confirmation. The other truth is if I
trade with that 4H rsi2 at my back, it is VERY hard to get into big trouble as the larger TF is seriously oversold or
overbought at that point.
Use naked PA to see trapped volume, and pinpoint entries. Suits me well and is simple. I'm not built to be a trend
follower, never have been. 30% hit rate and all that BS make me sick. I've been picking tops and bottoms since I met
redsword on FF a few years ago. SD easily fits the model of showing where volume is trapped, and also gets you in on
the second leg of the M or W.
Your logic on the why. Made it click. Also fits well with some of fti's teaching on how they would manage the "book" at
the banks. As well as my understanding of market makers and level II.
Been a fun few weeks, told my wife it was a quantum leap. She said "Just get me to Hawaii, baby."
Mike
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by mjws00 » Fri Mar 15, 2013 2:11 pm
Angat, use whatever suits your eye. I am on the other side of half the 10.4 trades. I uploaded a visual MTF version of
that indi I hacked together. viewtopic.php?p=41831#p41831
If you watch the 4hr and 1hr cycle on a 1hr or less chart. You can see them build the days and patterns. Put in the 3rd
move and chop it up to begin again. Obviously it can be done just by eye. But training wheels ain't always a bad thing.
Some pairs are REALLY consistant. Most are consistant very very often. Some are erratic.
Mike
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mjws00 wrote:Yep. works perfectly to show the daily cycles. The mtf visual version on 1H is perfect
confirmation. The other truth is if I trade with that 4H rsi2 at my back, it is VERY hard to get into big
trouble as the larger TF is seriously oversold or overbought at that point.
Use naked PA to see trapped volume, and pinpoint entries. Suits me well and is simple. I'm not built to be a
trend follower, never have been. 30% hit rate and all that BS make me sick. I've been picking tops and
bottoms since I met redsword on FF a few years ago. SD easily fits the model of showing where volume is
trapped, and also gets you in on the second leg of the M or W.
Your logic on the why. Made it click. Also fits well with some of fti's teaching on how they would manage
the "book" at the banks. As well as my understanding of market makers and level II.
Been a fun few weeks, told my wife it was a quantum leap. She said "Just get me to Hawaii, baby."
Mike
Okay thank you for letting me know, I will definitely check it out first thing tomorrow. To be honest I'm pretty drained
right now. Its been a rollercoster ride this week, thoroughly enjoyed it. The amount of "ah" moments has been crazy. I
literally feel I'm on the cusp of making some nice dough. A couple more weeks trading like this and I be ready to go on
to mini lots.
.
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by lhDT » Fri Mar 15, 2013 2:23 pm
Finally, cable is doing something !
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by mjws00 » Fri Mar 15, 2013 2:23 pm
Angat wrote: To be honest I'm pretty drained right now.
Quick nap and a bunch of money perked me right up

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by mjws00 » Fri Mar 15, 2013 2:24 pm
Awesome Lio.
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by xrismak » Fri Mar 15, 2013 2:26 pm
Captain Jack wrote:Range being extended on EURGBP....scalped out of my earlier trades....hope to get
in lower again....
CJ
El Comandante CJ,
I Set the Trap for the Fox right in Front of it's House and Waited Patiently ....... Guess what it took the Bait and I am
Skinning the Fox Alive...... Thank you Very Much for Showing us the WAY......
I just Love this System.

xrismak.
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by xrismak » Fri Mar 15, 2013 2:32 pm
xrismak wrote:
The attachment 15-03-2013 01-07-07 I am Taking Pendings this to the Wire the Fox can do
Whatever.png is no longer available
Captain Jack wrote:Range being extended on EURGBP....scalped out of my earlier

trades....hope to get in lower again....
CJ
El Comandante CJ,
I Set the Trap for the Fox right in Front of it's House and Waited Patiently ....... Guess what it took the Bait
and I am Skinning the Fox Alive...... Thank you Very Much for Showing us the WAY......

xrismak.
The Fox is in Big Trouble... it's my Turn to recoup all my Money from way back over the Years of Not knowing what to
do and I am going to Have Loads of Fun doing that...
Happt Trading Y'all ,

xrismak.
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by rosst » Fri Mar 15, 2013 5:43 pm
Interesting webinar about criminals/brokers

http://www.craigharrisforex.com/webinar ... a-oropeza/
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by lhDT » Fri Mar 15, 2013 5:48 pm
rosst wrote:Interesting webinar about criminals/brokers

A must read "Beat the Forex Dealer" by A.Silvani - http://www.beattheforexdealer.com/.

It explains how brokers do their things to kick you out of a trade and ... much more. No systems, no strategies, no price
action, just broker facts !
Aside Al Brooks series, this one is a must.
PS : Doesn't apply for GP, I hope
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by SWG123 » Fri Mar 15, 2013 5:58 pm
lhDT wrote:
rosst wrote:Interesting webinar about criminals/brokers

A must read "Beat the Forex Dealer" by A.Silvani - http://www.beattheforexdealer.com/.

It explains how brokers do their things to kick you out of a trade and ... much more. No systems, no
strategies, no price action, just broker facts !
Aside Al Brooks series, this one is a must.
PS : Doesn't apply for GP, I hope
Well ... I would slightly disagree in that there are some strategies, and a lot of emphasis on price action. But it's a very
good and entertaining read.
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by fire580 » Fri Mar 15, 2013 6:24 pm
Account still pending at FXAW anyone else having this problem been seven days.
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by mrelectron » Fri Mar 15, 2013 7:46 pm
<snip>
account still pending at FXAW anyone else having this problem ...
</snip>
yes
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by mike5417 » Fri Mar 15, 2013 9:32 pm
fire580 wrote:Account still pending at FXAW anyone else having this problem been seven days.
Same thing still pending
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lhDT wrote:Finally, cable is doing something !
Nice Lio. I see several orders there....looks like you are getting the idea of stacking them when price moves in desired
direction!.
If this is the start of a new 3 day cycle, we could see 2 more days of downward pressure... you have the option of
holding to the the next peak low, closing on reversal candles or closing each day as price pulls back into the ranging
session and taking new entry when the pattern presents again....
When stacking, I look to the pause in each leg down, as places to add or close positions....many times after a level 3
high or low, there will be 3 legs of price drop or climb... the "M" or "W" may present itself as a reversal pattern when the
series is complete.
Nice catch!
John
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Captain Jack wrote:
MONEY in my acct.
Mike
Missed the nap here...early to bed tonight....I mean this evening lol....
Glad to hear your green going forward, that's where we all want to be.
A lot of these are starting a new 3 day cycle so I'll probably carry over the weekend...it they hit right, I
won't have to pay triple the freaking swap Wednesday!
On 2nd thought, went ahead and booked a bunch of those...."W" forming on the lower ends....
Took a few orders going the other way, into the close. Will hold for the gap on Monday...
CJ
Take note of the "W" that was forming here...sign of pullback into the range near the end of the session (day), and
week....look for price to bump up during the "gap" on Sunday/Monday. The gap is really not a gap, just a period of time
where most don't have access to the market and price is manipulated. This sets up the Asian ranging session, where I will
look to take further SHORT entry. Price may rise during London, present the "M" pattern then reverse into the NY
session....
CJ
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mjws00 wrote:I'm sitting 31/38 for the last 3 weeks, and a few of the misses were misclicks and messing
around. R:R still over 3. I screwed up my pips this week though, closed a few large runners against me
when the net position was in profit from larger trades above.
Doesn't feel like "easy" market conditions or luck. So I have been upping size steadily. I have been well
versed in 0.5% style risk. Always always keep a big stack of chips available to play with. But I have never
had a problem pushing hard with house money. That is where CJ shines to perfection.
Mike
Sounds great Mike. It's always better to offset a loss this way instead of letting it go and "wishing" for it to return to the
positive side. Why leave it in negative float when you can apply the tied up equity to an new order, with better chance for
profit. While taking losses are a bad thing....not taking them is even worse.
When you see a "straight" away move, you can be sure that there are many negative float positions at that point and the
quick, straight move away by price hammers those holders with instant, magnified loss as well as pressing their margin to
the limit and beyond.
While I don't use the indicators, you all are welcome to post what you use, along with the knowledge you gain here, if
you think it can be of benefit to others.
CJ
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xrismak wrote:
15-03-2013 01-07-07 I am Taking Pendings this to the Wire the Fox can do Whatever.png
Captain Jack wrote:Range being extended on EURGBP....scalped out of my earlier

trades....hope to get in lower again....
CJ
El Comandante CJ,
I Set the Trap for the Fox right in Front of it's House and Waited Patiently ....... Guess what it took the Bait
and I am Skinning the Fox Alive...... Thank you Very Much for Showing us the WAY......

xrismak.
Spring is coming and everything is looking green! Nice work!
50pips at a time is all it takes.... just remember, price swings both ways....you can always reverse into the range and milk
a few more....
CJ
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xrismak wrote:
xrismak wrote:
15-03-2013 01-07-07 I am Taking Pendings this to the Wire the Fox can do Whatever.png
Captain Jack wrote:Range being extended on EURGBP....scalped out of my

earlier trades....hope to get in lower again....
CJ
El Comandante CJ,
I Set the Trap for the Fox right in Front of it's House and Waited Patiently ....... Guess what it
took the Bait and I am Skinning the Fox Alive...... Thank you Very Much for Showing us the
WAY......

xrismak.
The Fox is in Big Trouble... it's my Turn to recoup all my Money from way back over the Years of Not
knowing what to do and I am going to Have Loads of Fun doing that...
Happt Trading Y'all ,

xrismak.
This pair may see an extended run up in price, to the last swing high....long term trades may be in order. Continue to buy
the dips on the way up.... reverse it back when given correct sign....
CJ
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mike5417 wrote:
fire580 wrote:Account still pending at FXAW anyone else having this problem been seven
days.
Since I'm no longer active there, I can't say but you might want to drop Steve a note and see if he can move the process
along for you...
CJ
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by mobthehop » Fri Mar 15, 2013 11:21 pm
mike5417 / fire580 - I signed up Friday a week ago and account was activated by Monday! Suggest you contact Craig
by email, indicated your transaction ID and your FXAW board username.... He answered my queries within 24 hours....
Good luck
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by f451 » Fri Mar 15, 2013 11:22 pm
Captain Jack wrote:
mike5417 wrote:
fire580 wrote:Account still pending at FXAW anyone else having this problem
been seven days.
Since I'm no longer active there, I can't say but you might want to drop Steve a note and see if he can
move the process along for you...
CJ
Or email Craig. He got back to me after a couple of days and activated my membership.
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by mobthehop » Fri Mar 15, 2013 11:30 pm
CJ, I am busy reading / digesting your old BARF thread over at FXAW while following your ideas over here....
1. Would it be ok to ask some questions here as you are not active over there anymore?
2. Based on the charts / insights you shared here so far, I never see any consideration of volume at exhaustion / your
entry . I know that volume is a bit iffy for FX but have you abandoned this consideration completely?
3. You might have mentioned it before and I overlooked that post (in which case I apologize for the repeated question),
but what TZ is your broker's server on?
Cheers & thanks for so generously sharing!
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mobthehop wrote:CJ, I am busy reading / digesting your old BARF thread over at FXAW while following
your ideas over here....
1. Would it be ok to ask some questions here as you are not active over there anymore?
2. Based on the charts / insights you shared here so far, I never see any consideration of volume at
exhaustion / your entry . I know that volume is a bit iffy for FX but have you abandoned this consideration
completely?
3. You might have mentioned it before and I overlooked that post (in which case I apologize for the
repeated question), but what TZ is your broker's server on?
Cheers & thanks for so generously sharing!
The ideas presented here in this thread are different. Volume plays no part as we are looking for specific pattern and
behavior.
BARF is based on a price volume relationship where volume is falling as price is rising....at price's peak high, falling
volume can no longer support it's rise. Price changes direction.
I use multiple brokers and they their time zones vary. Some are GMT, some GMT+2, some GMT+5 think....I like to be
able to scan the charts on each as they present different.
CJ
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by mrelectron » Sat Mar 16, 2013 5:41 am
<snip>
EURGBP just pinned low after a 3 level drop...check it on the 5M....
</snip
This is from way way back (in pages not time. Page 63) . The thread moved pretty quickly the last couple of days. I'm
just catching up.
Are these lines I have drawn on the piccy a reasonable approximation of the 3 level drop being referred to.
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by lhDT » Sat Mar 16, 2013 6:01 am
Let me try to summarize a bit. This is a mix between CJ method & Steve Mauro. Used on M15.
1. Grab the asian range. Generally between 15 to 50 pips. This is the accumulation phase on low volumes.
2. Around London open, mark the asian hi/low range.
3. Wait for the asian breakout, no matter if it is to the upside or downside, you don't care
4. After 30 to 90min, mark the LOD/HOD (low of the day, high of the day).
5. Price will retrace a bit, now look for "M" or "W" patterns.
6. Enter short at the top, long at the bottom at the second retest. Look also for patterns like pin's, rrt, hanging man, etc in
the M & W zones.
7. If all is ok you should be in profit.
8. Breakout traders are trapped in their breakout thing. They are now hoping the price will go at least at their entry price
to exit at BE ... but price is now ranging, they are stuck ...
9. One hour after, the trend will resume and the price will be begin to drift in your direction forcing breakout trader to
close their order, this will also accelerate the move.
Be careful between London & NY close, there should be a pullback if the range was big. This keeps a bit a the volume
and money for the next day.
So, take your short position from the HOD and long position from the LOD after a M or W pattern. Stoploss should be
above the highs or lows (give enough room to avoid getting trapped by broker spread widening)
If the price sky rocket to the upside or downside & you don't see a pullback nor a M or W after the breakout, too bad
for that one. Go hunting on another pair =)
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by mrelectron » Sat Mar 16, 2013 6:13 am
<snip>
see post by CJ at: http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=47294#p47294
<snip>
Sorry to keep dragging you back in time, I just want to make sure I'm understanding this stuff.
Do the lines I have drawn on the piccy reflect the 3 levels of rise you are talking about ?
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by sat79 » Sat Mar 16, 2013 9:30 am
allisonmagic wrote:I've read this entire thread over and over.. i still don't get it lol.. makes no sense to me.
i guess i'll never learn this way, not smart enough looks nice though. good luck guys
You should keep reading over, over, over and over again... Hard work but I'm interested to read and practice as many
times as needed. After I have blown 10 demo and read atleast 1 year over and over again, and if still no succees, I will
maybe consider to stop trying... When look results what you MAYBE can get, it's worth of 1 or 10 years of work if you
finally grasp it...
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by Angat » Sat Mar 16, 2013 10:08 am
allisonmagic wrote:I've read this entire thread over and over.. i still don't get it lol.. makes no sense to me.
i guess i'll never learn this way, not smart enough looks nice though. good luck guys
Give it time, keep reading and applying these principles on different charts. You'll get there. Even if you just traded the M
and W patterns and forget everything else you should be profitable. Keep looking for them and practicing..
.
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<snip>
The attachment p0060-47294.png is no longer available
This does....
CJ
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by alex_forex » Sat Mar 16, 2013 10:15 am
Pretty clear for me, waiting for CJ confirmation
Thanks Lio
lhDT wrote:Let me try to summarize a bit. This is a mix between CJ method & Steve Mauro. Used on
M15.
6. Enter short at the top, long at the bottom at the second retest. Look also for patterns like pin's, rrt,
hanging man, etc in the M & W zones.
8. Breakout traders are trapped in their breakout thing. They are now hoping the price will go at least at
their entry price to exit at BE ... but price is now ranging, they are stuck ...
9. One hour after, the trend will resume and the price will be begin to drift in your direction forcing
breakout trader to close their order, this will also accelerate the move.
Be careful between London & NY close, there should be a pullback if the range was big. This keeps a bit
a the volume and money for the next day.
So, take your short position from the HOD and long position from the LOD after a M or W pattern.
Stoploss should be above the highs or lows (give enough room to avoid getting trapped by broker spread
widening)
If the price sky rocket to the upside or downside & you don't see a pullback nor a M or W after the
breakout, too bad for that one. Go hunting on another pair =)
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M15.
widening)
The only thing I would say is dont expect a mid day (i.e. NY session) reveral. Its likely to happen but it doesnt always
happen from what I see. Its probably better to wait for the M and W patterns at the HOD and LOD to form before
entry. CJ can confirm better tho.
.
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<snip>
How about this on a higher time frame? Would these be possible outcomes at the top? A possible "M" pattern, or just
back into a range with choppy action?
That's a level 3 high....basically 3 days or rising prices..... we could have a reversal this coming week...all possibilities
that should be considered when you look at this pair...
We can watch this going forward....and trade it accordingly.
CJ
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Captain Jack wrote:
see post by CJ at: http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?
p=47294#p47294
<snip>
How about this on a higher time frame? Would these be possible outcomes at the top? A possible "M"
pattern, or just back into a range with choppy action?
That's a level 3 high....basically 3 days or rising prices..... we could have a reversal this coming week...all
possibilities that should be considered when you look at this pair...
We can watch this going forward....and trade it accordingly.
CJ
How about this Lio? Looking familiar? Will they "dirty" it up a bit on the "LH" side like the did the front side with the
sideways movement??
Keep an open mind and look at what they are telling us.
CJ
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M15.
widening)
Well done Lio. Your write up might make it easier for others to see this on the 15M time frame. I'll add a couple things.
Ideal Asian session is 40-50 pips. This is usually dependent on the volatility of the pair. Some may range 25-30...but
look for around 40 pip range.
After the range is set, the next thing they do is expand the range. This is what trips the breakout trades.
After this range expansion, price should move 25-50 pips above or below the Asian range, this is where the stop hunt
occurs. The stop hunt takes out the breakout traders. This move to the stop hunt may happen over 3 candles or 3
"pushes". This is where some confusion comes in. The 3 push move to the stop hunt is different than the 3 pushes of the
actual move itself.
Once the stop hunt is complete, look for the "W", "M" or straight away moves. These moves may have 3 levels up or
down.
Trades over...look for another.
You can have a 3 day cycle of either rising or falling price. After this 3 day cycle completes, you may have a reversal into
another 3 day cycle.
Many times, price will reverse in or near the NY session. This is the last session of the day and week. When price is
rising, it must reverse and drop for them to take their profit. When price is falling, it must reverse and rise for them to
take their profit.
These observations apply to the 15M time frame.

HOWEVER, these same patterns apply to higher time frames. Learn them and use them as a guide for price direction as
well as longer term trades.
You might not want to set in front of the computer and wait for these trades to hit on the 15M time frame. That's fine.
Look for them on the 1H, 4H and D1 time frames. They are there and you can take low maintenance, long term trades
based on these patterns.
Take a look at the chart Lio used as an example....it's a 15M chart. Compare it to the one I add here.
A light should have just come on for you!
CJ
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by swisscheese » Sat Mar 16, 2013 11:21 am
Captain Jack wrote:
lhDT wrote:Let me try to summarize a bit. This is a mix between CJ method & Steve Mauro.
Used on M15.
1. Grab the asian range. Generally between 15 to 50 pips. This is the accumulation phase on
low volumes.
6. Enter short at the top, long at the bottom at the second retest. Look also for patterns like
pin's, rrt, hanging man, etc in the M & W zones.
8. Breakout traders are trapped in their breakout thing. They are now hoping the price will go
at least at their entry price to exit at BE ... but price is now ranging, they are stuck ...
9. One hour after, the trend will resume and the price will be begin to drift in your direction
forcing breakout trader to close their order, this will also accelerate the move.
Be careful between London & NY close, there should be a pullback if the range was big. This
keeps a bit a the volume and money for the next day.
So, take your short position from the HOD and long position from the LOD after a M or W
pattern. Stoploss should be above the highs or lows (give enough room to avoid getting
trapped by broker spread widening)
If the price sky rocket to the upside or downside & you don't see a pullback nor a M or W
after the breakout, too bad for that one. Go hunting on another pair =)
Well done Lio. Your write up might make it easier for others to see this on the 15M time frame. I'll add a
couple things.
Ideal Asian session is 40-50 pips. This is usually dependent on the volatility of the pair. Some may range
25-30...but look for around 40 pip range.
After the range is set, the next thing they do is expand the range. This is what trips the breakout trades.
After this range expansion, price should move 25-50 pips above or below the Asian range, this is where
the stop hunt occurs. The stop hunt takes out the breakout traders. This move to the stop hunt may happen
over 3 candles or 3 "pushes". This is where some confusion comes in. The 3 push move to the stop hunt is
different than the 3 pushes of the actual move itself.
Once the stop hunt is complete, look for the "W", "M" or straight away moves. These moves may have 3
levels up or down.
Trades over...look for another.
You can have a 3 day cycle of either rising or falling price. After this 3 day cycle completes, you may have
a reversal into another 3 day cycle.
Many times, price will reverse in or near the NY session. This is the last session of the day and week.
When price is rising, it must reverse and drop for them to take their profit. When price is falling, it must
reverse and rise for them to take their profit.
These observations apply to the 15M time frame.
HOWEVER, these same patterns apply to higher time frames. Learn them and use them as a guide for
price direction as well as longer term trades.
You might not want to set in front of the computer and wait for these trades to hit on the 15M time frame.
That's fine. Look for them on the 1H, 4H and D1 time frames. They are there and you can take low
maintenance, long term trades based on these patterns.
Take a look at the chart Lio used as an example....it's a 15M chart. Compare it to the one I add here.
A light should have just come on for you!
CJ
Wow, you Guys are Great.
Superb Reading and learning for the Weekend!
Cheers
Edi
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swisscheese wrote:
Captain Jack wrote:
lhDT wrote:!
CJ
Cheers
Edi
Just think Edi, you could grab yourself a set of those Google glasses and catch up on all this as you glide down those ski
slopes! Have a good weekend!
CJ
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:BTW Edi, the last 3 candles in your avatar is a stop hunt! I can't help but notice!
CJ
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Captain Jack wrote:
swisscheese wrote:
Captain Jack wrote:
lhDT wrote:!
CJ
Cheers
Edi
Just think Edi, you could grab yourself a set of those Google glasses and catch up on all this as you glide
down those ski slopes! Have a good weekend!
CJ
I webt skiing with my son this afternoon. No Experiments while skiing...
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Captain Jack wrote::BTW Edi, the last 3 candles in your avatar is a stop hunt! I can't help but notice!
CJ
Spot on, CJ!
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by Angat » Sat Mar 16, 2013 1:35 pm
GBPJPY is going to fall nicely next week from middle of monday, or from tuesday i think.
I think EURJPY may be the first to fall then GBPJPY. What you reckon CJ?
.
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by mjws00 » Sat Mar 16, 2013 1:41 pm
Angat wrote:GBPJPY is going to fall nicely next week from middle of monday, or from tuesday i think.
Pics or it didn't happen

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mjws00 wrote:
Angat wrote:GBPJPY is going to fall nicely next week from middle of monday, or from
tuesday i think.
Pics or it didn't happen
Not sure if its exactly right as im still learning but this is what I think may happen. Anyone see a giant M ?
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EURJPY will do the same but I think we're already on the 2nd level down for it. We'll see monday.
This chart analysis take alot longer than you might think. I like to go back further that I need to, to make sure I got it
right.
Time for tea.

.
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by mjws00 » Sat Mar 16, 2013 2:06 pm
Nice summary, Lio and CJ. Really needs a little voodoo and magic or at least some hunting metaphors to spice it up.
I keep thinking this is just too easy. Then good old foxy gives me a wake up call and reminds me that she can play the
game and mix things up as well.
The moves aren't all textbook guys, this is a clever opponent, she will swap out a leg or two, may go hunting a further
time above for fresh meat. She can throw the 3rd spike up at that M and blow it out. She also throws in the straightaway
when it suits her. Run charts. Mark Charts. See how she frustrates you and find a way to cope. This is much easier on
past data than it is in real time. It does require work to get.
Hope ya'll are having a great weekend.
Mike
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by lhDT » Sat Mar 16, 2013 2:35 pm
Quickly run trough a couple of charts. Here is what I find. Comments welcome.
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IhDT, can you upload that indicator which shows the spread and the ADR please. Or at least tell me the name please
and I will find it. I have one that shows the spread only, but the ADR would be useful too, thank you. Does this same indi
do the HOD and LOD lines?

.
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by fire580 » Sat Mar 16, 2013 2:52 pm
Thanks guys for this fantastic education......truly incredible
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IhDT, Im not entirely sure that USDJPY will go back that high. I think it will range, push up a little bit and fall in the NY
session and then rise again towards the close of the NY session. CJ would you confirm pls?
.
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Angat wrote:IhDT, Im not entirely sure that USDJPY will go back that high. I think it will range, push up a
little bit and fall in the NY session and then rise again towards the close of the NY session. CJ would you
confirm pls?
Well, the high is just approx 130 pips away. not so far for Yen pair.
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lhDT wrote:Quickly run trough a couple of charts. Here is what I find. Comments welcome.
You need to consider where in the levels price is located on each time frame....I would not count on all those going
higher....what if the "W" that is presented is only the pause between the next level? Could it not rise to consolidation, then
continue the current direction?
Take a look at the daily chart....how many levels of drop from the high? Is it currently in a previous consolidation zone,
or is there nothing but air to the left?
"W"'s on a drop could indicate an area to close shorts and then reload on the pull back and consolidation phase. Short
orders can then be place if the drop continues.
Moves on the 15M can go either way, within a larger trend. Knowing where you are on each time frame is very
important.
CJ
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Captain Jack wrote:
lhDT wrote:Quickly run trough a couple of charts. Here is what I find. Comments welcome.
You need to consider where in the levels price is located on each time frame....I would not count on all
those going higher....what if the "W" that is presented is only the pause between the next level? Could it not
rise to consolidation, then continue the current direction?
Take a look at the daily chart....how many levels of drop from the high? Is it currently in a previous
consolidation zone, or is there nothing but air to the left?
"W"'s on a drop could indicate an area to close shorts and then reload on the pull back and consolidation
phase. Short orders can then be place if the drop continues.
Moves on the 15M can go either way, within a larger trend. Knowing where you are on each time frame is
very important.
CJ
Alternative scenario is indeed a drop, this should be 2nd drop cycle to around 94.40 which is the next support level. To
complete the 3 legs, it then should drop around 93~92.80.
But within M15, I would love to see a bull/reversal candle within a strong uptrend.
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lhDT wrote:
Captain Jack wrote:
lhDT wrote:Quickly run trough a couple of charts. Here is what I find.

Comments welcome.
You need to consider where in the levels price is located on each time frame....I would not
count on all those going higher....what if the "W" that is presented is only the pause between
the next level? Could it not rise to consolidation, then continue the current direction?
Take a look at the daily chart....how many levels of drop from the high? Is it currently in a
previous consolidation zone, or is there nothing but air to the left?
"W"'s on a drop could indicate an area to close shorts and then reload on the pull back and
consolidation phase. Short orders can then be place if the drop continues.
Moves on the 15M can go either way, within a larger trend. Knowing where you are on each
time frame is very important.
CJ
Alternative scenario is indeed a drop, this should be 2nd drop cycle to around 94.40 which is the next
support level. To complete the 3 legs, it then should drop around 93~92.80.
I think 94.40 would be the final leg before a corrective 100 pip move up. But then again 10 people could look at the
chart and come up with 10 different opinions. It can be very subjective I guess.
.
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lhDT wrote:
Captain Jack wrote:
lhDT wrote:Quickly run trough a couple of charts. Here is what I find.

Comments welcome.
You need to consider where in the levels price is located on each time frame....I would not
count on all those going higher....what if the "W" that is presented is only the pause between
the next level? Could it not rise to consolidation, then continue the current direction?
Take a look at the daily chart....how many levels of drop from the high? Is it currently in a
previous consolidation zone, or is there nothing but air to the left?
"W"'s on a drop could indicate an area to close shorts and then reload on the pull back and
consolidation phase. Short orders can then be place if the drop continues.
Moves on the 15M can go either way, within a larger trend. Knowing where you are on each
time frame is very important.
CJ
Alternative scenario is indeed a drop, this should be 2nd drop cycle to around 94.40 which is the next
support level. To complete the 3 legs, it then should drop around 93~92.80.
You will get 8-1H candles just in the Asian session....that's 32-15M candles....keep your eye on the picture that fox is
painting and make your move when the time is right....
This is the "homework" we should be doing on each pair, over the weekend, between sessions when trading is slow, etc.
Keep a notebook and write it all down. Another good idea is to use the text and label tools within MT4 and place level,
step indicators on your charts. It's a good visual reminder. When I'm stacking trades, I'll place lines on the charts at
times. These are break or take lines. Places I look for a retrace or break. On a break, I'll add more orders. On a
retrace, I'll take my profits and look to place new orders.
A lot of "W"'s were printing Friday, so I went into "take" mode and booked profits. I'll look to re-enter or take new
positions Sunday night.
When the fox turns tail, go with him, don't run the wrong way with the rest of the hounds....
CJ
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by mjws00 » Sat Mar 16, 2013 6:23 pm
allisonmagic wrote:the reason i cannot understand any of this.. is there's too much theory, not enough
straight talk. too much talking in metaphors and not enough straight explanation. trapping the fox and
skinning some pelts.. just talk like you aren't in a disney movie and so i can understand
When mickey blinks it is the secret signal to sell.
There are 100's of clearly annotated charts in this thread. Go bitch somewhere else.
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by mjws00 » Sat Mar 16, 2013 6:41 pm
allisonmagic wrote:.
You are welcome. You go after Bob, Andy, now John and I've had enough.
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by Kruspe » Sat Mar 16, 2013 7:10 pm
Is all this really necessary ? Forget about it and let´s move on..
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by mjws00 » Sat Mar 16, 2013 7:22 pm
Sorry Kruspe. I think the problem just took care of itself. In my world when someone helps you. You show a little
respect.
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by fire580 » Sat Mar 16, 2013 7:30 pm
I guess Steve's not around ?
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by SteveHopwood » Sat Mar 16, 2013 8:10 pm
Just to let you guys know that alisonmagic, or whatever its name was, is no longer a member here and its posts has been
deleted.
Troublemakers are not allowed at SHF. Thanks to those of you who alerted me to am's behaviour.
So, please do not respond to this post and allow this thread to move on.
Read the effing manual, ok?
Global Prime is the official SHF broker. Click here to sign up for a live account with Global Prime and join the 500+
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation.
pianodoodler@hotmail.com is the account.
To see The Weekly Roundup of stuff you guys might have missed Click here
My special thanks to Tommaso (milanese) for all the incredible work he does here.
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by Jemook » Sat Mar 16, 2013 9:04 pm
Good work Steve I was about to hit the ban button myself.
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Seems like I missed some action, good call in nipping it in the bud. This is an awesome thread thus far, dont want it
ruined.
Couldn't sleep kept thinking about charts, and asian expansions. Anyone know if there is a way if the asian range is tight
to measure/predict the amount of expansion perhaps based on the ADR or I have seen that it might be possible to use
fibs? Can it be done?
.
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Jemook wrote:Good work Steve I was about to hit the ban button myself.
We mods are soooooooo competitive. Fastest trigger finger first.........

I just added CJ to our ranks, so the rest of us have no chance.
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by mjws00 » Sat Mar 16, 2013 9:18 pm
lhDT wrote:Alternative scenario is indeed a drop, this should be 2nd drop cycle to around 94.40 which is
the next support level. To complete the 3 legs, it then should drop around 93~92.80.
I love your broader chart. To me it looks like they may print that W, and pull a straightaway on us without much of a
pullback up. Asia might mess with it. But that shakeout up top is picture perfect, we've hit the first leg, on to the next
series down. After those more major tops sometimes they like the straightaway. I see nothing but air to the left, so lots
and lots of hidden selling pressure as their profits evaporate. And the late short traders get on board. They might also
pay off a few breakout traders to join in and drive it lower, imho.
Might be a scalp in it up though. I know you are nimble enough to pull it off if it is there. Plus BOJ can always do
something interesting.
Mike
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GBPCHF Prediction, who's with me?
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Angat wrote:Seems like I missed some action, good call in nipping it in the bud. This is an awesome
thread thus far, dont want it ruined.
Couldn't sleep kept thinking about charts, and asian expansions. Anyone know if there is a way if the asian
range is tight to measure/predict the amount of expansion perhaps based on the ADR or I have seen that it
might be possible to use fibs? Can it be done?
Take a look at some of the Asian ranges that formed on Friday. There was some really low, tight ranges.... so what's that
mean? It means that the spring is compressed tight and something will probably "pop" in one direction or the other.
The session indicator that Mike posted can help you see this "range box" if you are having trouble. These compressed
ranges tend to form more towards the end of the week, Thursdays and Fridays. Even Bob mentions in his thread that the
larger moves tend to be towards the end of the week. Reason being is that the fox needs to take profit and tends to
make larger and more volatile moves near the weekend. They will do it in time, with size, to make their money and bring
price back into a "ranging" area for the weekend.
Next week, starts out slower with wider Asian ranges as they have more time to work the zones and build
positions....end of week rolls around again, look for the compressed range and the larger moves.
Since they can only move price so much in any given day or week, ADR plays it's part. Find a pair with a compressed
Asian range, price near the HOD or LOD and it should be gold. They would have the entire range to push price, then
bring it as far back into the range as 50%...validating the fib and S&R values....trade both ways....
CJ
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Yet some more great insight from the amazing CJ. This stuff is gold dust. There's so much info to absorb. Thank you.
.
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SteveHopwood wrote:
Jemook wrote:Good work Steve I was about to hit the ban button myself.
We mods are soooooooo competitive. Fastest trigger finger first.........
I just added CJ to our ranks, so the rest of us have no chance.
Now I need to find a way to slide the "Ban" button in between the "Buy" and "Sell" buttons and it's all gravy!
CJ
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by hamburglar » Sun Mar 17, 2013 1:40 am
Capt'n where can i find the session indi mike posted? I cannot find it?
thanks Jim
Captain Jack wrote:
Angat wrote:Seems like I missed some action, good call in nipping it in the bud. This is an
awesome thread thus far, dont want it ruined.
Couldn't sleep kept thinking about charts, and asian expansions. Anyone know if there is a
way if the asian range is tight to measure/predict the amount of expansion perhaps based on
the ADR or I have seen that it might be possible to use fibs? Can it be done?
Take a look at some of the Asian ranges that formed on Friday. There was some really low, tight ranges....
so what's that mean? It means that the spring is compressed tight and something will probably "pop" in one
direction or the other.
The session indicator that Mike posted can help you see this "range box" if you are having trouble. These
compressed ranges tend to form more towards the end of the week, Thursdays and Fridays. Even Bob
mentions in his thread that the larger moves tend to be towards the end of the week. Reason being is that
the fox needs to take profit and tends to make larger and more volatile moves near the weekend. They will
do it in time, with size, to make their money and bring price back into a "ranging" area for the weekend.
Next week, starts out slower with wider Asian ranges as they have more time to work the zones and build
positions....end of week rolls around again, look for the compressed range and the larger moves.
Since they can only move price so much in any given day or week, ADR plays it's part. Find a pair with a
compressed Asian range, price near the HOD or LOD and it should be gold. They would have the entire
range to push price, then bring it as far back into the range as 50%...validating the fib and S&R
values....trade both ways....
CJ
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by mjws00 » Sun Mar 17, 2013 1:45 am
Here man. viewtopic.php?p=45675#p45675
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by hamburglar » Sun Mar 17, 2013 1:54 am
thank you
mjws00 wrote:Here man. viewtopic.php?p=45675#p45675
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by jasonckb » Sun Mar 17, 2013 2:07 am
I still can't grasp the method firmly but am trying my best......
Here comes my observation of AUDUSD. It is at the lower part of the linear regression channel, and possible forming a
M(with a higher high) at the top. It will go a bit higher to flush out all the shorts then drop and break the LRC.
Happy Trading
Jason
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by jasonckb » Sun Mar 17, 2013 2:27 am
For GBPUSD, a M top is forming and also forming the H & S top (trap for bear) after false break neckline, several Ws
will be formed to kill shorts.
Happy Trading
Jason
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by mobthehop » Sun Mar 17, 2013 3:33 am
CJ, for us / me being "blind bats" as yet and trying to "see" what you see - would you advise to demo on M15 with eyes
on H1 for bigger picture view or is H1 / H4 or H4 / D1 the better selection for initial demo trades?
Cheers
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by themaxx » Sun Mar 17, 2013 4:19 am
Angat wrote:IhDT, can you upload that indicator which shows the spread and the ADR please. Or at least
tell me the name please and I will find it. I have one that shows the spread only, but the ADR would be
useful too, thank you. Does this same indi do the HOD and LOD lines?
I'd also love a copy of the HOD and LOD indicator. Been looking for one for a while and this is the most unobtrusive
I've seen
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by lhDT » Sun Mar 17, 2013 5:29 am
themaxx wrote:
Angat wrote:IhDT, can you upload that indicator which shows the spread and the ADR
please. Or at least tell me the name please and I will find it. I have one that shows the spread
only, but the ADR would be useful too, thank you. Does this same indi do the HOD and LOD
lines?
I'd also love a copy of the HOD and LOD indicator. Been looking for one for a while and this is the most
unobtrusive I've seen
I quickly coded it yesterday. Will post it once I see it working when the market is open.
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by pips400 » Sun Mar 17, 2013 6:56 am
I've been quiet for a while, getting my head around all of this, and then last night I found myself on the other side of the
screen, and wow, makes me wonder why I never saw it before, it all seems so clear and obvious now, I don't think I'll
ever look at a price chart the same way ever again. I've come too far now, there's no turning back.
When you're doing a large jigsaw you get a piece and it looks like it's supposed to fit in a particular place, and so you
make the fit, only to find out later that actually it fits somewhere else. And then, sometimes when you get one correct
piece in place, it leads to many others fitting into place because you just needed that key piece.
In a former career, I was an accountant with my own business, and if there's a core accounting principle it's that for
every debit there's a credit and vice versa otherwise the books don't balance. Well the same principle applies here in
Forex. For every transaction there's always another side, so if someone's buying, someone's selling, and if someone's
selling then someone's buying. Nothing new here, and we've read it all before, but then it clicked into place. If the fox
want to sell, then he need buyers, and if the fox wants to buy he need sellers. So how does he do this - he manipulates
the market to create "bias" or pressure for retail traders to take the opposite direction direction, it's as simple as that. So
this is in accummulation phase, and then the stop hunt. There are two things that need to happen here. First if fox has
been going long, when he's accummulated enough "unrealised" profit, he needs to bank that profit, by offloading his
positions and sell what he has. So on one side of the equation, fox is selling, that means he's going to create buying
pressure/bias in the market for retail traders to buy. During this phase you'll get the false breaks above, pinbars etc
anything to entice buyers into the market, so that the fox can close out his position, so fox just need to trap enough
traders going long. Secondly, when foxy wants to play again, he'll manipulated the markets once more, go through the
stop hunt to entice traders into the opposite of where he is going to take price.
That was a huge piece of the jigsaw that just fell into place for me last night. And then another piece fitted immediately
after - market cycles go in threes (a generalisation, but enough of an edge here). So we're looking for the
accummulation/manipulation/stop hunt phase first. Then there will typically be three moves either up or down with
pullbacks/rallies in between. On a larger time frame, this will typically happen over a week, with three or possibly four
days movement, and a day or two days back into the range, as fox offloads his position and setsup for the next run. To
validate a move, there should be enough pips approximating the ADR, otherwise it may not be a valid move. This gives
us the heads up on which way the fox is going to go next. After the three moves, we're expecting accummulation again so
beware at this stage and wait. All of this happens on an intra day cycle as well, which is where we'll drop down to the
15min (or even 5min charts). Where as a generalisation we're expecting 3 moves. Typically the asian session will be
accummulation, setting the high and low so far, but then fox is going to want to play, and so will begin to break out during
London session, which is where we're looking for his tracks, the Ms and Ws, double tops/bottoms etc. But remember
fox purpose here is to create selling/buying bias the opposite way he wants to go because the balance equation must
hold, even the fox can't change basic mathematics. So once we know which way fox is going to go, we can tag along
and follow his lead.
On the intra day, we can also look at the higher/weekly cycle to give us a clue as to which way this is going to go. For
instance, if we've only had the first leg on the daily run, then after the asian session we're expecting the second leg in the
same direction as the first. So if that was long, I'd expect to see stop hunting going short around the franky/london open,
before heading long again.
And the final piece for me was reversals. If during any session, we've already had the three phases for the entire run, and
ADR is reached (approximate), then I could be looking for a reverse. For instance, if during London, all three phases
complete say going long, I'm looking for a definate reversal around the NY open, although it can happen later (or
sooner).
So CJ/Mike how does that sound? I new to this, so hope I'm not too far off the scent here. It feels right to me, and I
think I'm ready to strip my charts naked. What do you think?
Pips400
EDIT: I forgot to mention. During the stop hunt and say there's a large pinbar dropping south, this will do two things.
One - it will trigger sellers, playing breakout strategies, ema strategies etc, and two (which is the missing bit I needed),
when a long position is stopped out, at that point he is forced to sell to close out his buy. So either way whether it's new
shorts or stopped out longs, the overall effect for the fox is the same - more sellers so he can go long. - He's a crafty
devil Put it another way, when your new long gets stopped out you've been robbed by the fox at that price. Youre
position is sold to close you out, and he's buying, exactly the way he wants, on his terms, at his price. No wonder CJ
doesn't use a SL, why give the fox anything unless you have to
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by Logs » Sun Mar 17, 2013 9:08 am
Thanks PIPS400. Great post. I appreciate you sharing your insight.
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pips400 wrote:So CJ/Mike how does that sound? I new to this, so hope I'm not too far off the scent here.
It feels right to me, and I think I'm ready to strip my charts naked. What do you think?
Pips400
EDIT: I forgot to mention. During the stop hunt and say there's a large pinbar dropping south, this will do
two things. One - it will trigger sellers, playing breakout strategies, ema strategies etc, and two (which is the
missing bit I needed), when a long position is stopped out, at that point he is forced to sell to close out his
buy. So either way whether it's new shorts or stopped out longs, the overall effect for the fox is the same -
more sellers so he can go long. - He's a crafty devil Put it another way, when your new long gets
stopped out you've been robbed by the fox at that price. Youre position is sold to close you out, and he's
buying, exactly the way he wants, on his terms, at his price. No wonder CJ doesn't use a SL, why give the
fox anything unless you have to
Pips400 - I couldn't have said all that any better....as a matter of fact, it's probably better than I could have said it.
Welcome to the fox hunters club! I believe you've "seen" the light!
CJ
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by mjws00 » Sun Mar 17, 2013 12:01 pm
Pips400, Sounds like the light went on. Kinda crazy when it hits isn't it.
The pinbars, M's, W's, stop hunt etc are all nice, but when you start to see how precisely price is controlled and
manipulated to create fear/greed supply and demand it is just cool. Exactly as you described, they have to balance the
"book" racking up the longs or shorts AGAINST THE ENTIRE WORLD, then steal their lunch and unload.
It is sick when you look at how simple they play. Even more sick how long many of us have been taken in. Just a pure
simple manipulation of human nature. Not cerebral. Nothing fancy. I have a friend whose brother in law used to promote
penny stocks.... exactly the same thing. Hype it, control the float, get greed running and sell in to it. It is one reason I trust
no news. These bankers take it to a whole new level.
Awesome to see it click.

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jasonckb wrote:For GBPUSD, a M top is forming and also forming the H & S top (trap for bear) after
false break neckline, several Ws will be formed to kill shorts.
I'm not sure of the longer term but short term, both charts look good Jason....the key points are the "W" and "M"
reversals...when you can spot those, it's usually money in the bank. Knowing the cycles helps keep you trading in the
right direction.
CJ
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mobthehop wrote:CJ, for us / me being "blind bats" as yet and trying to "see" what you see - would you
advise to demo on M15 with eyes on H1 for bigger picture view or is H1 / H4 or H4 / D1 the better
selection for initial demo trades?
Cheers
The patterns are visible on all time frames. I've started with the 15M as they complete their process in a rather quick
manner....during each day.
The time frame you choose to demo is up to you. Choose the one you are most comfortable with. The 15M is good for
trades lasting a few hours, or entry and exit points into the patterns on the longer time frame. It also provides you with
precise exit points from any time frame.
The H1 helps you "see" the cycle....as you go higher, into the H4 and D1, the daily trades are less apparent and the
longer term trades come into play.
CJ
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I've put Mike's session indicator and a few daily data indicators on page one to help in locating them. When Lio posts his
indicator, I'll place it on page one as well.
CJ
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by pips400 » Sun Mar 17, 2013 12:13 pm
Thanks CJ/Mike I wasn't sure I would get there. But I'm really grateful for what you've taught here. Got my L plates on
for next week, think I'll trade demo for a bit so I can push this to it's limit and build some confidence, then I'll switch to
my live account and get some payback. Still very early days yet, and watching you every step of the way
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by Angat » Sun Mar 17, 2013 12:23 pm
Hey All, CJ, just so i'm clear, you have probably said before, sorry, do not trade in the asian range + expansion at all?
Wait till a certain time e.g. 8gmt or 9gmt and then take opportunities? Thats best way right? Just sit out completely and
watch.
Or can we confirm lets say the asian expansion took place already say at 7gmt for that day and we're firmly into the
trend of the session and we can get in earlier?
Couldnt the expansion actually be part of an M/W pattern?

.
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by mjws00 » Sun Mar 17, 2013 12:37 pm
I can't tell you how many hundreds of hours I've watched the asian session, either do nothing, or chop. But recently with
Yen and Aud moving so nicely we see a little more movement.
In a perfect world they accumulate, and we can just come in around Frankie and London and see what's up. We fade
their first wave. Sell the high of the day... perfect easy game. One of their edges is three shifts, so they mess with timing
some. But they also can't avoid the fact that LON/NY is where the volume is for them to make the real money.
My two bits.
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Angat wrote:Hey All, CJ, just so i'm clear, you have probably said before, sorry, do not trade in the asian
range + expansion at all? Wait till a certain time e.g. 8gmt or 9gmt and then take opportunities? Thats best
way right? Just sit out completely and watch.
Or can we confirm lets say the asian expansion took place already say at 7gmt for that day and we're firmly
into the trend of the session and we can get in earlier?
Couldnt the expansion actually be part of an M/W pattern?
There's just not enough movement during Asian session. Towards the end is when they start positioning price to make a
move. If you happen to find a large range, you might be able to scalp a few trades but for most it's hard to do.
I've taken trades here in the past and may do so going forward, but they tend to be in the 5-15pip range with large lot
sizes. Most people should not do this....
Tonight, I would look for the "gap" to complete the "W" and "M" patterns that are showing in a lot of the pair and then
for price to range into London....3:30-5:30am may see nice movement....
CJ
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by BritShrtHair » Sun Mar 17, 2013 12:59 pm
have been re-reading the thread over the weekend and must say:
this probably is one of the most valueable information I've read about forex.
Special thank you to CJ (and all other contributors.)
I took the liberty to search for the source files which CJ has posted in his first post.
See attached.
DailyData.mq4
daily_open_line.mq4
Daily_High_Low.mq4
Daily Range PeterE.mq4

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Cheers CJ.
Okay where does everyone think USDCHF will go Monday/rest of the week?
.
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BritShrtHair wrote:have been re-reading the thread over the weekend and must say:
this probably is one of the most valueable information I've read about forex.
Special thank you to CJ (and all other contributors.)
I took the liberty to search for the source files which CJ has posted in his first post.
See attached.
Thanks! I'll update the RAR file on page one.
CJ
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by Pueo » Sun Mar 17, 2013 1:13 pm
It's so great to finally get my head straight on so many parts of trading all at once!! I've been learning from Steve Mauro
as well and the lightbulbs are really coming on. Finally, after 5 years of struggling, now its time to have some fun. I like
his song, "the world's your candy shop, don't trade until they hit the stops".
I'm really happy with how I've got my template & I thought I'd share it with anyone who's interested. The time zones are
all arranged for Cowboy IBFX. For simplicity I recommend just get a Cowboy IBFX demo and then you don't have to
change anything. Thanks to Mike for the Auto Sessions!
You'll notice the dark green consolidation boxes, this is set for "euro sized" pairs, you would need to change it from 28 to
around 50-60 for big movers like g/j. I find those boxes helpful to identify the asian consolidation zone. Sometimes the
time box does the job, other times the cz box is great. Credits to fxhard at ff for his cz indicator.
PS. You'll only see the template with all of the boxes if you're on the 15 minute chart. I did this because I like it to look
clean on 1 hour and 4 hour. You can change this in the indicator parameters > visualization.
Edit - sorry guys, I forgot one of the indicators, its there now 15z.zip
15z.zip
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by hawassy » Sun Mar 17, 2013 1:25 pm
Hello Everyone,
New hunter on board!

I found this treasure chest on Thursday, I've read all the 82 pages and finally I'm ready to write my first post.
I'd like to say a big THANK YOU, especially for CJ, the most active forum members and those who have written
helpful summaries! Now it seems so evident for me that THIS is the right way to trade. I hope there'll be a day when I'll
see the the charts the way as CJ does.
Because of my full time work I'll focus on D1 (and sometimes H4) charts.
Here are a few of my first ideas, I hope some of you will have time to write a short review about them, I'd really
appriciate it!
Take care,
Greg
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Pueo wrote:It's so great to finally get my head straight on so many parts of trading all at once!! I've been
learning from Steve Mauro as well and the lightbulbs are really coming on. Finally, after 5 years of
struggling, now its time to have some fun. I like his song, "the world's your candy shop, don't trade until
they hit the stops".
I'm really happy with how I've got my template & I thought I'd share it with anyone who's interested. The
time zones are all arranged for Cowboy IBFX. For simplicity I recommend just get a Cowboy IBFX demo
and then you don't have to change anything. Thanks to Mike for the Auto Sessions!
You'll notice the dark green consolidation boxes, this is set for "euro sized" pairs, you would need to
change it from 28 to around 50-60 for big movers like g/j. I find those boxes helpful to identify the asian
consolidation zone. Sometimes the time box does the job, other times the cz box is great. Credits to fxhard at ff for
his cz indicator.
capture10.jpg
Looking good Pueo and thanks for sharing your setup with us.
I've got a veritable library of hardback, softback, ebooks, dvd's and training materials here, that I have accumulated over
the years. My iPad is full of reading material...too bad those didn't come out earlier, would have saved some space!
Some of the better stuff is by Martin Cole, Steve Nisson, and Tom Bulkowski. David Elliot, of WallStreet Teachers, who
passed recently was of great help when I traded equities.
Steve Mauro's stuff was always out of my price range while I was 'educating" myself. I've always wondered if it was
worth it. Have you attended his seminars Pueo? I believe he also has a monthly service you sign up for. Perhaps one day,
I'll get a chance to attend one of his presentations. I'd be interested in hearing what his thoughts are as I have seen some
of his promotional material. Looks interesting but I believe he stays to the 15M time frame only.
I'm glad the "lights" are starting to shine for you, maybe we can get a few more bulbs turned on here at Steve's place.
CJ
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by lhDT » Sun Mar 17, 2013 1:45 pm
Captain Jack wrote:
jasonckb wrote:For GBPUSD, a M top is forming and also forming the H & S top (trap for
bear) after false break neckline, several Ws will be formed to kill shorts.
I'm not sure of the longer term but short term, both charts look good Jason....the key points are the "W"
and "M" reversals...when you can spot those, it's usually money in the bank. Knowing the cycles helps
keep you trading in the right direction.
CJ
"M" is a bull trap & "W" a bear trap no ?
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hawassy wrote:Hello Everyone,
New hunter on board!

I found this treasure chest on Thursday, I've read all the 82 pages and finally I'm ready to write my first
post.
I'd like to say a big THANK YOU, especially for CJ, the most active forum members and those who have
written helpful summaries! Now it seems so evident for me that THIS is the right way to trade. I hope
there'll be a day when I'll see the the charts the way as CJ does.
Because of my full time work I'll focus on D1 (and sometimes H4) charts.
Here are a few of my first ideas, I hope some of you will have time to write a short review about them, I'd
really appriciate it!
Take care,
Greg
Hi Greg....82 pages is a lot to digest all at once.

As for the charts, I think you have the directions correct but you may want to take a look at them on the H4 charts as
well.
AUDCAD is showing a stop hunt just occurred. Stops hit high then stops hit low....movement due....I have a small
LONG position here...
NZDUSD is somewhat harder to trade as it tends to have a lot of pins, both high and low on the candles. Same advice
for it, check the H4 and you will see a possible RRT pattern forming. NZDUSD doesn't always drop after a 2 candle
RRT pattern, look at it's past action. They will hold it at a level to build positions at times before making the move...I'd
still try to get my order up in those pins though if I were looking to short it. I'm SHORT here per my H4 chart that was
posted earlier in the thread.
Additional advice would be to look at the weekly and monthly charts to help determine the cycle and level when trading
the D1's....
CJ
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by monkeh » Sun Mar 17, 2013 1:59 pm
Jack,
if you dont mind and when ever you'd have a spare minute, do you think you could post up unsuccessful trades you've
taken? with some commentaries behind it?
i think it would help a lot to all beginners to know that the thinking and set up was valid, but it just didnt play out, instead
of just pulling hairs off and giving up because of it :]]
thanking you!
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monkeh wrote:Jack,
if you dont mind and when ever you'd have a spare minute, do you think you could post up unsuccessful
trades you've taken? with some commentaries behind it?
i think it would help a lot to all beginners to know that the thinking and set up was valid, but it just didnt
play out, instead of just pulling hairs off and giving up because of it :]]
thanking you!
When I get some time, I'll dig some up....might help....

Actually, we were following a larger "M" pattern on the EURNZD pair the other day. I took a LONG trade up to the pin
area and closed it for a profit. I set a SELL limit order, priced moved to within a pip or triggering the SELL and backed
away. I entered a SELL order as close to my limit order as possible.
Price dropped away and trade was entering profit when price reversed, stopped my SHORT out and moved higher.
Would consider this trade over and "failed" - took a small loss....
BUT, when price moved 25-35 pips higher and pinned, I entered a new position....which proved valid and added orders
as price dropped away....
This is one way they mix up a pattern to get people out of their trades...it turned out well, but it did get me out of my
original position...
CJ
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by Kruspe » Sun Mar 17, 2013 2:13 pm
Hi guys,
I´ve got a one little bit silly question.. how to setup autosession indi correctly (everytime I fight with gmt, daylight saving
etc - Just wanna be sure )... pls check my screen, It is US Cowboy IBFX, gmt 0
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by BritShrtHair » Sun Mar 17, 2013 2:20 pm
possibly this video might enlight even more of us.
EDIT:
I notice the link has been deleted although it is mentioned during the webinar it was offered for free.
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Captain Jack wrote:Steve Mauro's stuff was always out of my price range while I was 'educating" myself.
I've always wondered if it was worth it. Have you attended his seminars Pueo? I believe he also has a
monthly service you sign up for. Perhaps one day, I'll get a chance to attend one of his presentations. I'd be
interested in hearing what his thoughts are as I have seen some of his promotional material. Looks
interesting but I believe he stays to the 15M time frame only.
CJ
I found out that one of my trader buddy's took his course and he shared some of his notes and charts with me this
weekend. One of the key points that he emphasizes is that a M or W is way more powerful when it appears at the
high/low of yesterday. His approach is to wait for those setups and that they're likely to pay off 50 pips with about a 25
pip stoploss, getting in on the second leg after the bar has closed (stop 10-15 pips below the second leg). If there's a
confirmed stophunt that took place on the second leg, even juicier! Just look back on your charts with that daily-hi/lo
indicator and check it out.
CJ has a different approach which obviously works wonders for him as he is a jedi, for some of us who aren't quite
ready for gunslinging, this approach can be a great start.
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lhDT wrote:
Captain Jack wrote:
jasonckb wrote:For GBPUSD, a M top is forming and also forming the H & S
top (trap for bear) after false break neckline, several Ws will be formed to kill
shorts.
I'm not sure of the longer term but short term, both charts look good Jason....the key points
are the "W" and "M" reversals...when you can spot those, it's usually money in the bank.
Knowing the cycles helps keep you trading in the right direction.
CJ
"M" is a bull trap & "W" a bear trap no ?
Yes Lio, it's the last rise or fall in price, to trap as many traders into a false position before they move price away from
them...
CJ
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BritShrtHair wrote:possibly this video might enlight even more of us.
I took the liberty of editing the post....I wouldn't want any copyrighted work to be posted here...
If the link is on a public area of the CompassFX website, go ahead and post it....
CJ
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[quote="BritShrtHair"]possibly this video might enlight even more of us.
cool, thanks! I'm so thankful that I managed to keep a flexible brain for so long, but it's really been a mindf*k. All the
conclusions that I made about the market.. lol
Right now, I see things like this:
Price moves. Some price movements can be identifiable as in "slow trend", "consolidation zone", low of the week, high
of the week. Each market can only move a certain amount per day, per week (in the majority of cases). There are
regulations on how much it can change within a certain time period. Why prices moves, where I think it's going long-
term, who's on bloomberg today, who cares?!
Price moves in a way to take money from the fish. Price goes towards where the stops are, if the fox wants an
upmove, then it wants to get sellers to buy from so it hits the stops low then rises, hits the stops low and rises. However,
sometimes the fox might already have enough short traders trapped, so it doesn't want to hit the stops low or else he
might let some of the fish out of the trap.
Price movements are sometimes easy to identify based on cycles. As CJ mentioned, we're looking for 3 day
cycles on the 15 minute charts. (can be 2 - 5 days). If we identify the 3 levels and see that we're on the 3rd level and
then oh look, there's 3 tries to stop people out on the 3rd level, and now we have a M or W, and wow it's at the high of
yesterday. Bam! It doesn't need to be this pretty, but every week there are trades like this available.
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by hawassy » Sun Mar 17, 2013 3:01 pm
Hi Greg....82 pages is a lot to digest all at once.
As for the charts, I think you have the directions correct but you may want to take a look at them on the
H4 charts as well.
AUDCAD is showing a stop hunt just occurred. Stops hit high then stops hit low....movement due....I have
a small LONG position here...
NZDUSD is somewhat harder to trade as it tends to have a lot of pins, both high and low on the candles.
Same advice for it, check the H4 and you will see a possible RRT pattern forming. NZDUSD doesn't
always drop after a 2 candle RRT pattern, look at it's past action. They will hold it at a level to build
positions at times before making the move...I'd still try to get my order up in those pins though if I were
looking to short it. I'm SHORT here per my H4 chart that was posted earlier in the thread.
Additional advice would be to look at the weekly and monthly charts to help determine the cycle and level
when trading the D1's....
CJ
Thank you CJ for the fast reply and the useful advices! Now I continue to digest the info-tsunami...
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BritShrtHair wrote:possibly this video might enlight even more of us.
EDIT:
I notice the link has been deleted although it is mentioned during the webinar it was offered for free.
I believe that was "free" to CompassFX members in association with Dean Malone and his Synergy users.... I don't
believe it was "free" to the public at large.
CJ
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]If anybody is interested in seeing or learning about Steve Mauro's work and materials, please visit his web site. This
thread isn't about his work, but has similarities...
http://www.beatthemarketmaker.com/index.html
CJ
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Looks like they are taking advantage of the "news" to move some currencies already....moves in EURUSD, USDCHF,
EURJPY, EURGBP etc to name a few....could be the break lower that drops EURJPY down towards 112-113.....over
the coming days....or just "gap action"....
CJ
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Captain Jack wrote:Looks like they are taking advantage of the "news" to move some currencies
already....moves in EURUSD, USDCHF, EURJPY, EURGBP etc to name a few....could be the break
lower that drops EURJPY down towards 112-113.....over the coming days....or just "gap action"....
CJ
Cool, I didn't know fxcm gave prices earlier. Wow, CJ, I'm sure glad that you alerted me to the opportunity in E/J and I
shorted near the high. You rock!
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Pueo wrote:
Captain Jack wrote:Looks like they are taking advantage of the "news" to move some
currencies already....moves in EURUSD, USDCHF, EURJPY, EURGBP etc to name a
few....could be the break lower that drops EURJPY down towards 112-113.....over the
coming days....or just "gap action"....
CJ
Cool, I didn't know fxcm gave prices earlier. Wow, CJ, I'm sure glad that you alerted me to the opportunity
in E/J and I shorted near the high. You rock!
We were looking for a GBPUSD move higher as well, it's up right now.... consider those large moves a big stop hunt....
we'll see what shakes out later...
CJ
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CJ, market is open and it hit my buy limit on EG (I set it on 0.86) and it is open on 0.8542. What do you think... should
I let it (fill the gap?)
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Price is starting to back fill a bit but there's going to be a lot of busted accounts come market open....the fox has struck
hard today!
CJ
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Kruspe wrote:CJ, market is open and it hit my buy limit on EG (I set it on 0.86) and it is open on 0.8542.
What do you think... should I let it (fill the gap?)
It's worth a shot....price usually gaps and then pulls back into the range for Asian...I'd keep it for now...the damage was
done before anybody could do anything.... remember ADR....they can only go so far and then it has to come back....
They have limited capital with which to move price with....the problem with low liquidity is that they can move it farther
and it doesn't cost them as much to do it....
CJ
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Sounds logical... thanks a lot once again Captain

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by mjws00 » Sun Mar 17, 2013 5:45 pm
LOL. Sometimes I wish I'd have left things open. EJ would have made my day. If I recall you took some off the table for
EURGBP as well. Also very nice, captain.
Crazy how much I look forward to every session these days. Want to go right back to sleep so London gets here faster
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mjws00 wrote:
Crazy how much I look forward to every session these days. Want to go right back to sleep so London
gets here faster
Exactly my thinking too. If I can wake up when the expansion is over too that be sweet.
.
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mjws00 wrote:LOL. Sometimes I wish I'd have left things open. EJ would have made my day. If I recall
you took some off the table for EURGBP as well. Also very nice, captain.
Crazy how much I look forward to every session these days. Want to go right back to sleep so London
gets here faster
Yes, I was going to leave them open but closed out a lot....had some EURGBP retraces hit the SL below the low pin...
but didn't set it on all the orders....got a few open yet....
I wish I would have kept those EURNZD trades open...lol....trades over...moving on!
CJ
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Hey guys, I thought I'd share something. I use ThinkorSwim for my "at a glance charts". What you see in the pic are 2
hour candles which I like for a bigger picture then the 15m. To me it is a happy medium between 1 hour and 4 hour. You
can get a free demo account with them which doesn't expire (it's called paper account). I like how the charts look and
how the workspace is. It's not good for marking up though so I save that for my mt4 charts. If anyone gets this and
wants the thinkscript for the previous day's high/low, just let me know. The charting has all the fx pairs, futures and
equities.
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Angat wrote:
mjws00 wrote:
Crazy how much I look forward to every session these days. Want to go right back to sleep
so London gets here faster
Exactly my thinking too. If I can wake up when the expansion is over too that be sweet.
Going to be some crazy range boxes today....check out some of the CHF crosses... we already had almost 300pips in
EJ,crazy day...
I did have some EJ shorts left open though...
CJ
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Do we expect GBPUSD to fall around 30 pips or so before it rises as part of the corrective move within a corrective
move?
.
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I just took a long on eur/gbp @ 8540 , it's made a little w on the 15 minute and makes sense I think as pound hasn't
dropped yet and CJ's longer term forecast for e/g is up.
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by pips400 » Sun Mar 17, 2013 6:30 pm
Wow crazy start. Beyond my level to trade so early, so as I'm in UK time to get some sleep and I'll be checking in
around Frankie and London open.
Wishin' everyone many pips this week.

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Also whats the deal with gaps and the patterns? Do you ignore the gap and continue the patterns from old positions or
use the new location or as price fills in the gap do you have to take that into consideration and your originally forecasted
patterns may change, 3 level cycles may appear completely different than you have drawn or how does it work?
.
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Pueo wrote:Hey guys, I thought I'd share something. I use ThinkorSwim for my "at a glance charts". What
you see in the pic are 2 hour candles which I like for a bigger picture then the 15m. To me it is a happy
medium between 1 hour and 4 hour. You can get a free demo account with them which doesn't expire (it's
called paper account). I like how the charts look and how the workspace is. It's not good for marking up
though so I save that for my mt4 charts. If anyone gets this and wants the thinkscript for the previous day's
high/low, just let me know. The charting has all the fx pairs, futures and equities.
ps. sorry for the dusty pictures, I don't know whats up as it looks fine on my pc
I have a live account with them...they are one of the few who use sweep accounts to keep your money a bit safer....
If you look at all those charts, notice where price has moved in relation to the moves it made last week.... When the fox
is selling it up, the public is long and he is short....price has to drop price for him to book profits...When the fox is selling
it down to the public, he is long and needs to bring price up to book profits....MANY PROFITS WERE JUST
BOOKED....
CJ
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Angat wrote:Do we expect GBPUSD to fall around 30 pips or so before it rises as part of the corrective
move within a corrective move?
We were looking for the GBPUSD to rise back into consolidation....it looks like it's there....
CJ
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Here is a link to one of the best tool's that I have found for mt4 order entry. You drag the script onto your chart, then if
you put it to buy, it will give you 2 lines- just drag and drop your stop loss and then choose how many % of your account
you want to risk. It automatically calculates the lot size. Works also for limit orders.
This is helpful for me as I've had major issues with discipline and betting too big sometimes, this way I just stay with a
fixed % and its easy.
http://www.forexfactory.com/showthread.php?t=281772
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Pueo wrote:Here is a link to one of the best tool's that I have found for mt4 order entry. You drag the
script onto your chart, then if you put it to buy, it will give you 2 lines- just drag and drop your stop loss and
then choose how many % of your account you want to risk. It automatically calculates the lot size. Works
also for limit orders.
This is helpful for me as I've had major issues with discipline and betting too big sometimes, this way I just
stay with a fixed % and its easy.
It's a nice tool...found it here earlier and played with it a bit....makes it easy!
Guess that's why the call it Easy Order!
Taking a break for a few hours....
CJ
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Captain Jack wrote:If you look at all those charts, notice where price has moved in relation to the moves
it made last week.... When the fox is selling it up, the public is long and he is short....price has to drop price
for him to book profits...When the fox is selling it down to the public, he is long and needs to bring price up
to book profits....MANY PROFITS WERE JUST BOOKED....
CJ
I wondering why the euro fell out of bed and the pound hasn't moved much.. I'm interested to hear your perspective CJ.
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Angat wrote:Also whats the deal with gaps and the patterns? Do you ignore the gap and continue the
patterns from old positions or use the new location or as price fills in the gap do you have to take that into
consideration and your originally forecasted patterns may change, 3 level cycles may appear completely
different than you have drawn or how does it work?
I believe you would treat it as a cycle reset as they have just booked profits high and low across many pair... what just
happened was that they took one or two cycles out of the public's hands. They used the news out of Europe as a way to
do this...you can bet that the news that broke over the weekend was known to the banks well ahead of time...
CJ
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by f451 » Sun Mar 17, 2013 7:15 pm
Pueo wrote:
Captain Jack wrote:If you look at all those charts, notice where price has moved in relation
to the moves it made last week.... When the fox is selling it up, the public is long and he is
short....price has to drop price for him to book profits...When the fox is selling it down to the
public, he is long and needs to bring price up to book profits....MANY PROFITS WERE
JUST BOOKED....
CJ
I wondering why the euro fell out of bed and the pound hasn't moved much.. I'm interested to hear your
perspective CJ.
Cyprus government just started applying a 6.5% "tax" on all bank savings accounts, which started a panic over the
weekend with cypriots draining all the bank ATMs to get their cash out. Because the news broke over the weekend, it
wasn't priced in yet (except for those how knew and positioned short euro on friday night - not me I'm afraid - although
EU did seem ripe to sell the rally.) I expect EUR will take a long time to close the gap. Other currencies gapped down
but rebounded fast and will probably close the gap because their fundamentals aren't really affected.
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Captain Jack wrote:
Angat wrote:Also whats the deal with gaps and the patterns? Do you ignore the gap and
continue the patterns from old positions or use the new location or as price fills in the gap do
you have to take that into consideration and your originally forecasted patterns may change, 3
level cycles may appear completely different than you have drawn or how does it work?
I believe you would treat it as a cycle reset as they have just booked profits high and low across many
pair... what just happened was that they took one or two cycles out of the public's hands. They used the
news out of Europe as a way to do this...you can bet that the news that broke over the weekend was
known to the banks well ahead of time...
CJ
Okay that makes sense, we lose a few prediction lines but rather that then trying to force it to work by drawing lines
where it shouldnt be. Now we just need to wait to see if its starting off bearish or bullish I guess.
.
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Angat wrote:
Captain Jack wrote:
Angat wrote:Also whats the deal with gaps and the patterns? Do you ignore the
gap and continue the patterns from old positions or use the new location or as
price fills in the gap do you have to take that into consideration and your
originally forecasted patterns may change, 3 level cycles may appear completely
different than you have drawn or how does it work?
I believe you would treat it as a cycle reset as they have just booked profits high and low
across many pair... what just happened was that they took one or two cycles out of the
public's hands. They used the news out of Europe as a way to do this...you can bet that the
news that broke over the weekend was known to the banks well ahead of time...
CJ
Okay that makes sense, we lose a few prediction lines but rather that then trying to force it to work by
drawing lines where it shouldnt be. Now we just need to wait to see if its starting off bearish or bullish I
guess.
Gaps tend to get filled....when is the question....
CJ
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by rosst » Sun Mar 17, 2013 7:55 pm
Captain Jack wrote:
Pueo wrote:It's so great to finally get my head straight on so many parts of trading all at
once!! I've been learning from Steve Mauro as well and the lightbulbs are really coming on.
Finally, after 5 years of struggling, now its time to have some fun. I like his song, "the world's
your candy shop, don't trade until they hit the stops".
I'm really happy with how I've got my template & I thought I'd share it with anyone who's
interested. The time zones are all arranged for Cowboy IBFX. For simplicity I recommend
just get a Cowboy IBFX demo and then you don't have to change anything. Thanks to Mike
for the Auto Sessions!
You'll notice the dark green consolidation boxes, this is set for "euro sized" pairs, you would
need to change it from 28 to around 50-60 for big movers like g/j. I find those boxes helpful
to identify the asian consolidation zone. Sometimes the time box does the job, other times the
cz box is great. Credits to fxhard at ff for his cz indicator.
capture10.jpg
Looking good Pueo and thanks for sharing your setup with us.
I've got a veritable library of hardback, softback, ebooks, dvd's and training materials here, that I have
accumulated over the years. My iPad is full of reading material...too bad those didn't come out earlier,
would have saved some space! Some of the better stuff is by Martin Cole, Steve Nisson, and Tom
Bulkowski. David Elliot, of WallStreet Teachers, who passed recently was of great help when I traded
equities.
Steve Mauro's stuff was always out of my price range while I was 'educating" myself. I've always
wondered if it was worth it. Have you attended his seminars Pueo? I believe he also has a monthly service
you sign up for. Perhaps one day, I'll get a chance to attend one of his presentations. I'd be interested in
hearing what his thoughts are as I have seen some of his promotional material. Looks interesting but I
believe he stays to the 15M time frame only.
I'm glad the "lights" are starting to shine for you, maybe we can get a few more bulbs turned on here at
Steve's place.
CJ
Save your money CJ!
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by Mescalitofx » Sun Mar 17, 2013 11:09 pm
Hi captain, joining the train here, will have some time reading to all this.
Well i played safe over the weekend, i had a bunch of shorts on EJ and GJ. would been a great trade. but up to the next.
I tend not to keep my trades exposed during weekend. because those gaps->(fox eats your chickens in the weekend
night.) and monday morning u see all your chickens dead.
...
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Mescalitofx wrote:Hi captain, joining the train here, will have some time reading to all this.
Well i played safe over the weekend, i had a bunch of shorts on EJ and GJ. would been a great trade. but
up to the next.
I tend not to keep my trades exposed during weekend. because those gaps->(fox eats your chickens in the
weekend night.) and monday morning u see all your chickens dead.
Hi Gerry,
Good to see you found the thread and welcome aboard.
Nothing wrong with closing out the end of the week...I'm sure there are plenty out there today that wished they had on
Friday. I was going to carry and then changed my mind so I did well...still had a few open and they pretty well balanced
out.
Keep an eye on the hen house and good luck this week!
CJ
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by swisscheese » Mon Mar 18, 2013 2:10 am
Buenos Dias all
Wow quite a few Gaps occured...

So no trading for the next hours. I'll wait for the London open and see what PA does till then.
Have a good Start!

Edi
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swisscheese wrote:Buenos Dias all

Have a good Start!

Edi
A small one, just for fun!

Edi
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<snip>
</snip>
Hi Edi.
Thanks for posting your stuff, you seem to know what you are doing. Would you mind annotating your charts a little in
terms of CJ's approach (if indeed you are using CJ's approach to take your trades).
Thanks
Mark
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</snip>
Hi Edi.
Thanks for posting your stuff, you seem to know what you are doing. Would you mind annotating your
charts a little in terms of CJ's approach (if indeed you are using CJ's approach to take your trades).
Thanks
Mark
Hi Mark
I would like to Enter where CJ tells us... sometimes, when I'm at the Screen and I see building up a Pinbar then I enter
where "El Capitan" says.
But when there is no such Entry (or I don't see it but it would be there) I enter on Breakouts.
What I try to do is to "read the Candles", when does PA stop to fall/climb, when apear Wicks on wich Levels? Not realy
something special.
For me AUDCAD is pushing higher, I try to look on those Charts 15, 60, 240, Daily and Weekly and then decide what
to do.
On the Daily you see to long Wicks (Up and Down) this is for me the Battle-Zone where the Big ones decide for Long
or Short.
I try it on the Long side...
(Sorry my english is to bad for long explanations...)
Cheers Edi
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swisscheese wrote:

Have a good Start!

Edi

Edi
Why Did I enter There?
The First Candle openend the Gap, then PA started to climb and came back to this Level.
Then on the 15' Chart these two Candles showed the Wick on the lower Side.
Those Wick tell me that the Crowd was buing at this Level.
That's wy I entered there.
SL @ BE.
Edi
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USDCAD
I think we have the opportunity to Enter again on Fridays "Short-Levels".
Cheers Edi
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swisscheese wrote:
</snip>
Hi Edi.
Thanks for posting your stuff, you seem to know what you are doing. Would you mind
annotating your charts a little in terms of CJ's approach (if indeed you are using CJ's approach
to take your trades).
Thanks
Mark
Hi Mark
I would like to Enter where CJ tells us... sometimes, when I'm at the Screen and I see building up a Pinbar
then I enter where "El Capitan" says.
What I try to do is to "read the Candles", when does PA stop to fall/climb, when apear Wicks on wich
Levels? Not realy something special.
For me AUDCAD is pushing higher, I try to look on those Charts 15, 60, 240, Daily and Weekly and then
decide what to do.
On the Daily you see to long Wicks (Up and Down) this is for me the Battle-Zone where the Big ones
decide for Long or Short.
Cheers Edi
I'm not happy with this one!
Looks like a Wonderfull Short-Level...

Tight SL
We will see
Edi
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thats great Edi. thanks.
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by Pueo » Mon Mar 18, 2013 4:35 am
swisscheese wrote:USDCAD
Cheers Edi
big mushroom top,

Nice one!
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swisscheese wrote:For me AUDCAD is pushing higher, I try to look on those Charts 15, 60, 240, Daily
and Weekly and then decide what to do.
Cheers Edi
I see a potential bull trap with the pin bar on the daily. Looks more like a 50/50 trade to me.
Also, you are short on the Cad. Aussie doesn't seem so strong at the moment so as the cad gains value (usd/cad going
down), that's downward pressure on Aud/cad.
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I'm waiting to short the pound if we get a stophunt and the right looking candle/s.
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GBPJPY Gap-Close and maybe Short Entry-Level = Watchlist.

Edi
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GBPUSD Watchlist Caution...
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swisscheese wrote:

Have a good Start!

Edi

Edi
Today's High-Level, what's next with my Long-Position?

Monitoring carefully...
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swisscheese wrote:Today's High-Level, what's next with my Long-Position?

Nice trade!
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M within a m with pin bar on second leg of second m.

mmmm
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GBPCAD
Last Week this Level was goog for a 100 Pip Short-Trade.
Lets what PA on the 15? does.

Edi
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swisscheese wrote:
swisscheese wrote:

So no trading for the next hours. I'll wait for the London open and see what PA
does till then.
Have a good Start!

Edi

Edi
Today's High-Level, what's next with my Long-Position?

50 Pips for.
I'm out.
Edi
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EURJPY
I give it a try for Short
Edi
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Pueo wrote:M within a m with pin bar on second leg of second m.

mmmm
The Doubl M was a Killer-Signal!
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I've got 2 shorts on the cad, one's a scalp, and this one: entry 1.0230 tp 1.01 sl 1.0330
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by mjws00 » Mon Mar 18, 2013 5:37 am
I took EURUSD, GBPUSD, GBPJPY short

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I like the G/U but not quite yet. If enough longs were trapped, wouldn't it have dropped off more over the weekend?
Hard to say with obvious Euro weakness.. I might enter a half position if this hourly candle closes with RR. Otherwise,
I'm waiting for a stophunt, peg the 1.52 level and then reverse...
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by mjws00 » Mon Mar 18, 2013 5:47 am
Gap is covered. I see 3 waves off the bottom, a pretty little M on the 5 min and I'm in. You could very well be right.
I'm often early.
In a perfect world 15min will print a RRT. But they may test me. I'm comfortable either way.
GBP zoomed
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mjws00 wrote:Gap is covered. I see 3 waves off the bottom, a pretty little M on the 5 min and I'm in.
You could very well be right. I'm often early.
In a perfect world 15min will print a RRT. But they may test me. I'm comfortable either way.
What is RRT?
Thanks
Edi
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Rail Road Tracks

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by mjws00 » Mon Mar 18, 2013 5:59 am
Admittedly these big gaps add a little uncertainty for me. I'm more interested in the ones that have already filled, as I
don't know how market makers view the masses on these. Do they fade them filling the gap, treat it as a chance to clear
the board at the bottom, rip it to a fib and drive it back down, or go sideways to frustrate. So many nice options.
They've busted a bunch at the bottom, and have nice fuel for the people that were lucky over the weekend in the right
direction and don't want to see everything evaporate. I'd be taking profit had I held. That make me a buyer. Then a seller
again.
Once more nuance to study from this perspective.

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by mjws00 » Mon Mar 18, 2013 6:00 am
Nice to have you posting, Edi.

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swisscheese wrote:
</snip>
Hi Edi.
Thanks for posting your stuff, you seem to know what you are doing. Would you mind
annotating your charts a little in terms of CJ's approach (if indeed you are using CJ's approach
to take your trades).
Thanks
Mark
Hi Mark
I would like to Enter where CJ tells us... sometimes, when I'm at the Screen and I see building up a Pinbar
then I enter where "El Capitan" says.
What I try to do is to "read the Candles", when does PA stop to fall/climb, when apear Wicks on wich
Levels? Not realy something special.
For me AUDCAD is pushing higher, I try to look on those Charts 15, 60, 240, Daily and Weekly and then
decide what to do.
Cheers Edi
USDCAD busted
AUDCAD running
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swisscheese wrote:EURJPY
I give it a try for Short
Edi
SL@BE
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by pips400 » Mon Mar 18, 2013 6:35 am
mjws00 wrote:I took EURUSD, GBPUSD, GBPJPY short
Nice trades Mike. Missed the EUR and GBP - how did that happen, too many charts!! Still if this is going the way I
think it will I try to hop on the second leg down.
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I just shorted the yen, it filled the gap and now we have a m on 15. Daily looks down.
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swisscheese wrote:
swisscheese wrote:
</snip>
Hi Edi.
Thanks for posting your stuff, you seem to know what you are doing. Would you
mind annotating your charts a little in terms of CJ's approach (if indeed you are
using CJ's approach to take your trades).
Thanks
Mark
Hi Mark
I would like to Enter where CJ tells us... sometimes, when I'm at the Screen and I see building
up a Pinbar then I enter where "El Capitan" says.
What I try to do is to "read the Candles", when does PA stop to fall/climb, when apear Wicks
on wich Levels? Not realy something special.
For me AUDCAD is pushing higher, I try to look on those Charts 15, 60, 240, Daily and
Weekly and then decide what to do.
On the Daily you see to long Wicks (Up and Down) this is for me the Battle-Zone where the
Big ones decide for Long or Short.

Cheers Edi
USDCAD busted
AUDCAD running
AUDCAD sl@be
audcadh1sla.png (7.3 KiB) Viewed 224 times
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swisscheese wrote:
swisscheese wrote:
swisscheese wrote:
</snip>
Hi Edi.
Thanks for posting your stuff, you seem to know what you are
doing. Would you mind annotating your charts a little in terms of
CJ's approach (if indeed you are using CJ's approach to take your
trades).
Thanks
Mark
Hi Mark
I would like to Enter where CJ tells us... sometimes, when I'm at the Screen and
I see building up a Pinbar then I enter where "El Capitan" says.
But when there is no such Entry (or I don't see it but it would be there) I enter
on Breakouts.
What I try to do is to "read the Candles", when does PA stop to fall/climb, when
apear Wicks on wich Levels? Not realy something special.
For me AUDCAD is pushing higher, I try to look on those Charts 15, 60, 240,
Daily and Weekly and then decide what to do.
On the Daily you see to long Wicks (Up and Down) this is for me the Battle-
Zone where the Big ones decide for Long or Short.
Cheers Edi
USDCAD busted
AUDCAD running
AUDCAD sl@be
Closed my 2 running Trades.

4 Trades 3 good 1 bad.
Lunch Time
See you later
Edi
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Cad trade is looking good again. I sold a bit more after I saw it pinning the high.
I'm off to the airport, have a great week guys! I won't be on much.
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GBPCHF
I was writing this Post and this happend...
Sorry
Maybe it would be better not to post it...
Edi
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by Angat » Mon Mar 18, 2013 7:21 am
It was a news spike relating to the cyprus drama

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Angat wrote:It was a news spike relating to the cyprus drama
It could have happend vice versa... lucky me.
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EURGBP
Long
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AUDJPY
This one (for me) is pushing higher.
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by mjws00 » Mon Mar 18, 2013 8:04 am
Small profits on EURUSD, GBPJPY, they aren't inspiring me. So closing out to have a nap. GBPUSD running nicely and
BE set.
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Hey CJ if you're around where you think UC will go? I could use an expert's opinion on this one please.
.
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Angat wrote:Hey CJ if you're around where you think UC will go? I could use an expert's opinion on this
one please.
Looks too choppy for a decision...why try this when there are better patterns forming?
CJ
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mjws00 wrote:Small profits on EURUSD, GBPJPY, they aren't inspiring me. So closing out to have a nap.
GBPUSD running nicely and BE set.
Been a crappy night....poor patterns but some look to be setting up for NY again....
CJ
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swisscheese wrote:GBPCHF
Sorry
Edi
Did you get any profit from it Edi...congrats if you did!
CJ
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Going to give this one a go...not a good night for patterns.... maybe NY will be better....
CJ
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Captain Jack wrote:
swisscheese wrote:GBPCHF
Sorry
Edi
Did you get any profit from it Edi...congrats if you did!
CJ
Hi CJ
+24 Pips, but the opposite happend also a few times (spike against me)...
Edi
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Captain Jack wrote:
Angat wrote:Hey CJ if you're around where you think UC will go? I could use an expert's
opinion on this one please.
CJ
I got into a couple of trades short for some reason. The news spike went long could indicate it will go south.
I have made alot of trades today, nearly all winners - thanks to you CJ!
Im so tired, up all night thinking about trading again, could really use a nap too.
GBPJPY setting up for a fall I think.

.
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Giving EURJPY a SHORT look here off the "M" 2nd leg....should have probably held off for a higher pin.....
CJ
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AUDUSD
This Pair ended last week almost at the top.
Look at the Weekly and all the other Charts with a Break above we could see a rise of another 150 Pips.
Cheers
Edi
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I have made 250 pips today believe it or not. Thats crazy. That's like what some people make in a month net. Now I
need my UC/GJ to close in profit too and I'm golden.
M forming on NJ too.
.
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swisscheese wrote:GBPCAD
Last Week this Level was goog for a 100 Pip Short-Trade.
Lets what PA on the 15? does.
Edi
I realy don't like it wen I forget my own Watchlist...

Missed this one
already 50 Pips gone...
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by mjws00 » Mon Mar 18, 2013 9:11 am
Angat wrote:I have made 250 pips today believe it or not. Thats crazy. That's like what some people
make in a month net. Now I need my UC/GJ to close in profit too and I'm golden.
Wow nice. wtf were you in?

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Angat wrote:I have made 250 pips today believe it or not. Thats crazy. That's like what some people
make in a month net. Now I need my UC/GJ to close in profit too and I'm golden.
Good work for a day like today....
CJ
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Angat wrote:
Captain Jack wrote:
Angat wrote:Hey CJ if you're around where you think UC will go? I could use
an expert's opinion on this one please.
CJ
I got into a couple of trades short for some reason. The news spike went long could indicate it will go
south.
Put your money in the bank and sleep well!
CJ
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mjws00 wrote:
Angat wrote:I have made 250 pips today believe it or not. Thats crazy. That's like what
some people make in a month net. Now I need my UC/GJ to close in profit too and I'm
golden.
Wow nice. wtf were you in?
GU, AU, GBPCAD, USDCAD,EG, EURCAD, CJ, GJ, NJ, EJ, NU, EURCHF
Not much
.
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Captain Jack wrote:
Angat wrote:
Captain Jack wrote:
Angat wrote:Hey CJ if you're around where you think UC will

go? I could use an expert's opinion on this one please.
Looks too choppy for a decision...why try this when there are better patterns
forming?
CJ
I got into a couple of trades short for some reason. The news spike went long could indicate it
will go south.
Put your money in the bank and sleep well!
CJ
Would love to but I have open positions, it hard to sleep with them open and no stop loss and I dont want to set a SL.
Need a nap badly but if I can survive till this evening, I may sleep like a baby and wake up properly refreshed for
tomorrow.
.
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I have made two mistakes today, cant remember why I shorted the UC which is still open tho and might be okay. And
the other was me scalping the asian session a little this morning. hmm bad I know, feeling guilty for doing risky moves like
that when there's so much opportunity later in the day if i just was more patient.
That 250 will be alot more by this evening. I'll keep you posted.
.
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by pips400 » Mon Mar 18, 2013 9:49 am
Angat wrote:I have made two mistakes today, cant remember why I shorted the UC which is still open tho
and might be okay. And the other was me scalping the asian session a little this morning. hmm bad I know,
feeling guilty for doing risky moves like that when there's so much opportunity later in the day if i just was
more patient.
Well done Angat, what Time Frame are you working off?
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by themaxx » Mon Mar 18, 2013 9:51 am
Captain Jack wrote:Put your money in the bank and sleep well!
Unless you're a Cypriot...
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pips400 wrote:
Angat wrote:I have made two mistakes today, cant remember why I shorted the UC which is
still open tho and might be okay. And the other was me scalping the asian session a little this
morning. hmm bad I know, feeling guilty for doing risky moves like that when there's so much
opportunity later in the day if i just was more patient.
Well done Angat, what Time Frame are you working off?
m15 and h1.

.
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themaxx wrote:
rofl However in reality that tax is disgusting.

.
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It seems that the JPY pairs didnt drop yet, the fox still wants more contracts.
.
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swisscheese wrote:USDCAD
Cheers Edi
Next try
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by Durante » Mon Mar 18, 2013 10:52 am
Pueo wrote:
Captain Jack wrote:If you look at all those charts, notice where price has moved in relation
to the moves it made last week.... When the fox is selling it up, the public is long and he is
short....price has to drop price for him to book profits...When the fox is selling it down to the
public, he is long and needs to bring price up to book profits....MANY PROFITS WERE
JUST BOOKED....
CJ
I wondering why the euro fell out of bed and the pound hasn't moved much.. I'm interested to hear your
perspective CJ.
Hi pueo
If I may offer an angle on this... In short, the drop was made in EU and not GU to handle the cross. If you take a look at
the three pairs on the daily, you can see that over the last say 2 and a half months GU has gone down hard whilst EU
didn't. It went up some and then came back, meanwhile EURGBP moved up a fair bit and then went into the type of
holding pattern that I think CJ has been trying to show us. The players use the majors in this way to move the crosses. It
looks to me like EURGBP has found a top and GU has bottomed out and my guess is that GU will be pushed up now
over the next couple of months in order to drop eurgbp again. Does that make any sense? I hope it answers your
question, in part at least
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by lhDT » Mon Mar 18, 2013 11:57 am
Arf, can't access the forum when I'm at the office (load balancing et changing IP every 5 sec). Anyway.
Here is my EJ long since this morning.

All working good, currently at +66 +120 & +14.
H4 wil close on 4 min and Doji style, means indecision ... don't like that. I will probably close half.
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Right so here's how I royally messed up today.
I made a whopping 350 pips spread over 40 trades around 85-90% success rate this morning (london open to ny
open). I basically doubled my account balance on my live micro account.
I then placed a few short trades on the yen pairs that we giving a potential M patterns at around ny open. Made some
pips as they went down some and then I become overly confident and I started adding positions of increasing micro lots
sizes. Guess what, Mr fox decides he wants more contracts and sends them up. At this point I thought it was a small
retrace and I could ride it out, I then run out of free margin and had to close 2/3 of my trades ( I had alot open lol).
So I lost my profits on the day and half my initial account. However, I'm not that disappointed as micro accounts are the
place to live and learn and if I can repeat the success I had this morning then im golden. And if they are some better
setups like on friday then even better.
Things I need to be aware of (this might help you too):
1. Do not add multiple positions I cant support with my allocated free margin. As I'm using mental stops, I need to trade
smaller or have more margin.
2. Do not forget about the NY open range. Mr Fox can and will try tricks at this time as well as the open of the london
session.
3. Do not become overly confident, overly ambitious, and overly greedy.
4. Dont forget about the cycles on the larger TF i.e. 4h/daily. Cycles can verify the pattern and direction.
5. Have more of a bias to trade patterns in the direction of the gap and be very wary about trading in the opposite
direction.
6. Get a good nights rest!

.
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by lhDT » Mon Mar 18, 2013 12:53 pm
Angat wrote:So I lost my profits on the day and half my initial account.
Keep trying and keep a straight MM. This thing happens to everyone.
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Would love to get your insights on that AU long trade. I got a M & a W
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by Mescalitofx » Mon Mar 18, 2013 3:58 pm
i didnt exit on the spike down touching the TL(leadin), as it seems the first push down and i dont find a "W" that it would
jump up already on lower TF.
edit... what do i see: foxy going to GAP to trick people and take those shorts Stoplosses out.
/\/ forming of the M
...
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by monkeh » Mon Mar 18, 2013 5:18 pm
lhDT wrote:Would love to get your insights on that AU long trade. I got a M & a W
ok, im dying to know if we can consider 2 Leg of M as 1st for W and vice-verca..
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by Kruspe » Mon Mar 18, 2013 6:27 pm
I would like to see something like this on Eur/Gbp, 3 days down cycle, some consolidation phase.. but it´s only my
possible scenario.. fox could change it quickly without asking me
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by f451 » Mon Mar 18, 2013 6:49 pm
monkeh wrote:
If that happens you're in a trading range - where you'd be buying the low and selling the high. You really want to see a
move after an M or W - hence the 3 day cycles, or 3 pushes if intraday.
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This one looks also like a good setup, a little bit higher tf.. but looks promising
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Durante wrote:
Pueo wrote:
Captain Jack wrote:If you look at all those charts, notice where price has
moved in relation to the moves it made last week.... When the fox is selling it up,
the public is long and he is short....price has to drop price for him to book
profits...When the fox is selling it down to the public, he is long and needs to
bring price up to book profits....MANY PROFITS WERE JUST BOOKED....
CJ
I wondering why the euro fell out of bed and the pound hasn't moved much.. I'm interested to
hear your perspective CJ.
Hi pueo
If I may offer an angle on this... In short, the drop was made in EU and not GU to handle the cross. If you
take a look at the three pairs on the daily, you can see that over the last say 2 and a half months GU has
gone down hard whilst EU didn't. It went up some and then came back, meanwhile EURGBP moved up a
fair bit and then went into the type of holding pattern that I think CJ has been trying to show us. The players
use the majors in this way to move the crosses. It looks to me like EURGBP has found a top and GU has
bottomed out and my guess is that GU will be pushed up now over the next couple of months in order to
drop eurgbp again. Does that make any sense? I hope it answers your question, in part at least
I agree...when a pair isn't moving, check it's crosses.
CJ
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themaxx wrote:
Good enough for the Cypriot bankers, good enough for the market makers who work with them...they reached into the
pockets of a lot of traders Monday and "taxed" the hell out of us....
CJ
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Captain Jack wrote:Giving EURJPY a SHORT look here off the "M" 2nd leg....should have probably
held off for a higher pin.....
CJ
Trade stopped out....poor selection on my part as well as poor time to take a trade...
CJ
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Captain Jack wrote:Going to give this one a go...not a good night for patterns.... maybe NY will be
better....
CJ
Still holding this one....
CJ
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lhDT wrote:Arf, can't access the forum when I'm at the office (load balancing et changing IP every 5 sec).
Anyway.
Here is my EJ long since this morning.

All working good, currently at +66 +120 & +14.
H4 wil close on 4 min and Doji style, means indecision ... don't like that. I will probably close half.
Nice one Lio. You got in at a good place when they dropped it low the 2nd time...
CJ
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Angat wrote:Right so here's how I royally messed up today.
I made a whopping 350 pips spread over 40 trades around 85-90% success rate this morning (london
open to ny open). I basically doubled my account balance on my live micro account.
I then placed a few short trades on the yen pairs that we giving a potential M patterns at around ny open.
Made some pips as they went down some and then I become overly confident and I started adding
positions of increasing micro lots sizes. Guess what, Mr fox decides he wants more contracts and sends
them up. At this point I thought it was a small retrace and I could ride it out, I then run out of free margin
and had to close 2/3 of my trades ( I had alot open lol).
So I lost my profits on the day and half my initial account. However, I'm not that disappointed as micro
accounts are the place to live and learn and if I can repeat the success I had this morning then im golden.
And if they are some better setups like on friday then even better.
Things I need to be aware of (this might help you too):
1. Do not add multiple positions I cant support with my allocated free margin. As I'm using mental stops, I
need to trade smaller or have more margin.
2. Do not forget about the NY open range. Mr Fox can and will try tricks at this time as well as the open of
the london session.
3. Do not become overly confident, overly ambitious, and overly greedy.
4. Dont forget about the cycles on the larger TF i.e. 4h/daily. Cycles can verify the pattern and direction.
5. Have more of a bias to trade patterns in the direction of the gap and be very wary about trading in the
opposite direction.
6. Get a good nights rest!
Lot's of good information there....best to load those trades after you get a major reversal, level 3 high or low. They tend
to run a bit more before they retrace since the test and stop hunt is already over.
A pip in hand is worth 50 @ SL!
Thanks for sharing that with us though.
CJ
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monkeh wrote:
Monkeh, the 3 leg moves usually start with an "M" at the top and end with a "W" at the bottom.... You will see them
transitions from one to another, BUT the ones we need to look for are on level 3, up or down....these provide the better
moves.
A lot of trades taken on Monday here were not very good patterns. I took a couple based on a few pins that were piss
poor.
The best trades were off the pins low, on the gap drops. A lot of the pairs have recovered most if not all the loss during
the gap. Several gaps have been filled already as well....
When they run price like this, and use "news" as an excuse, price tends to return to the prevailing trend as it was before
the "news" event.
I've attached one of Kruspe's charts as it illustrates the "M" and "W"...Kruspe is dead on. We need to look for a "W" to
form, below the Asian range in this case, to trigger short stops and pick up orders before it goes higher. If we were
looking for a level 3 rise, we would look for a well defined "M" at the top, which trips the BUY stops.... these patterns
will have some long pins as this is how they spread the price out, triggers stops, but not triggering TP levels...
Nice work on the charts Kruspe, it shows good level recognition...just look for the level 3 formations and trade
them...you will make money.
CJ
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Lio, take a look at the higher time frames....looks good for a scalp...AUDUSD has been on a steady rise, but H4 is
showing some clues.... there's a lot of pins up top there....plus there is previous structure to the left... I'd look for some
consolidation here, and look for a bigger "M" to possibly form.
CJ
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Mescalitofx wrote:i didnt exit on the spike down touching the TL(leadin), as it seems the first push down
and i dont find a "W" that it would jump up already on lower TF.
edit... what do i see: foxy going to GAP to trick people and take those shorts Stoplosses out.
/\/ forming of the M
You need to look for price to go higher, Gerry, and form the "M"....then look for the drop.....
CJ
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Monkeh, here's one of those "M"'s that transition into a "W"....higher time frame....
CJ
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Looks like Level 3 on GBPCAD....look for the topping patterns.....
CJ
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by f451 » Tue Mar 19, 2013 12:54 am
It helps me to imagine a few scenarios for what might happen at each significant area - there are always a few
possibilities and one should at least have the long or short reaction from the area in mind - the point is to recognise the
patterns (M, W, stop hunt at hi/lo/adr/around a significant level such as fib, trendline, pivot, widening of the asian range)
as they form and trade them... you can go to higher timeframes and try to figure out the cycle to help narrow down the
possible scenarios. I find it helps to have thought through a few of them so you can adapt to what happens...
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EURAUD looks to be trapping volume low....
CJ
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f451 wrote:It helps me to imagine a few scenarios for what might happen at each significant area - there
are always a few possibilities and one should at least have the long or short reaction from the area in mind -
the point is to recognise the patterns (M, W, stop hunt at hi/lo/adr/around a significant level such as fib,
trendline, pivot, widening of the asian range) as they form and trade them... you can go to higher timeframes
and try to figure out the cycle to help narrow down the possible scenarios. I find it helps to have thought
through a few of them so you can adapt to what happens...
The attachment possibilities.png is no longer available
The attachment possibilities2.png is no longer available
The attachment possibilities3.png is no longer available
Not a bad idea at all....when you are staring at the lower level time frames, you will begin to "imagine" patterns instead of
seeing patterns. That's why it's better not to trade the Asian where moves tend to be smaller. You want the volatility in
range that you get near the top and bottoms, where they are spreading price, creating long pins and tripping stops to load
their bag for the return trip.
CJ
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by monkeh » Tue Mar 19, 2013 1:19 am
Captain Jack wrote:Monkeh, here's one of those "M"'s that transition into a "W"....higher time frame....
CJ
dear CJ,
thanking you
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monkeh wrote:
Captain Jack wrote:Monkeh, here's one of those "M"'s that transition into a "W"....higher
time frame....
CJ
dear CJ,
thanking you
YW
When you move to the higher time frame, you lose all the "noise" of the lower ones. I don't always trade the 15M and
have been using it to demonstrate the patterns.
My favorite TF's are the H4 and the D1.... but I will use the lower for trades as well as entry and exit...
The idea is to trade from the edges...the "M" to the "W", the "W" to the "M".... there's trades in between but when you
get it on the edge, it's all good..
CJ
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Looks like a Level 3 may be forming on NZDUSD....
Note how they added a stop hunt in the "W" at the bottom to "dirty" the pattern a bit... I can would almost bet that some
mistook the "W" as an "M" with the added stop hunt to bugger it up...
CJ
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by swisscheese » Tue Mar 19, 2013 1:50 am
Buenos Dias
I started this morning looking at the 4H TF and spotted these 2 Charst
Now on the 1 H and the 15 TF you see a few W.
Is it right "El Capitan"?
Cheers Edi
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swisscheese wrote:Buenos Dias

I started this morning looking at the 4H TF and spotted these 2 Charst
Now on the 1 H and the 15 TF you see a few W.
Is it right "El Capitan"?
Cheers Edi
I posted the charts on the same pair back a few Edi....yes...I'm a buyer down here...
Looks like a double "W" pattern down there when you spread it out...
CJ
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Going for a scalp on this one....10 pip stop... "straight away" trades will sometimes form at this level...
CJ
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by Tao » Tue Mar 19, 2013 4:06 am
First of All, Great Thanks to CJ for sharing.

It's great, I am learning a lot.
Second, I try to make a "manual" from CJ's post so that I can refer to as I learn.
I tried to structure the post in a way that I can understand.
Guess I would share it here, maybe it can help others who is still trying to understand the system.
The file is too big to upload.

Please download by the below link:
http://www.crocko.com/F388CEAF88184C9CA ... t_v0.1.pdf
Here is the table of contents:

Contents 2
LOG 3
The KEY 3
The FOX 3
Entries 21
What to look for? 21
Railroad tracks & Pins 21
M & W Formation 25
Stop Hunt 33
All Together 38
Where to look for? 48
When to look for? (Sessions) 57
Stop Loss 61
Exit 64
Examples 64
Unsuccessful Trade Example 85
Others 87
Order Stacking 87
NEWS 89
Three Push High 91
False S/R Levels 94
Trapping Volumes 95
Spread Widening 97
Loss Offset 98
ADR 99
GAPS 100
Others 101
Trivial 104
Server Time 104
Time Frame 105
Summary 108
IhDT 108
PIPS400 112
Anga 114
BARF 116
Tao
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by DocT » Tue Mar 19, 2013 5:05 am
CJ
You mentioned higher TF's...
Just walking up to my screen and this jumped out at me - WOW.

Daily chart of Gold...
Doc
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taggie11 wrote:CJ

Doc
The patterns are ALL the same....
Scan the charts....you'll be surprised at what you will be able to see Doc...
Looks like we can ride the gold bug for a ways doesn't it?
Let the "pins" and RRT's be your guide!
Enjoy the ride!
CJ
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Captain Jack wrote:
taggie11 wrote:CJ

Doc
Enjoy the ride!
CJ
Gold, where the money is ... pain too !

Currently long EU at the bottom support lvl.
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by monty » Tue Mar 19, 2013 5:31 am
Tao wrote:First of All, Great Thanks to CJ for sharing.

It's great, I am learning a lot.
Second, I try to make a "manual" from CJ's post so that I can refer to as I learn.
I tried to structure the post in a way that I can understand.
Guess I would share it here, maybe it can help others who is still trying to understand the system.
The file is too big to upload.

Please download by the below link:
http://www.crocko.com/F388CEAF88184C9CA ... t_v0.1.pdf
Here is the table of contents:

Contents 2
LOG 3
The KEY 3
The FOX 3
Entries 21
What to look for? 21
Railroad tracks & Pins 21
M & W Formation 25
Stop Hunt 33
All Together 38
Where to look for? 48
When to look for? (Sessions) 57
Stop Loss 61
Exit 64
Examples 64
Unsuccessful Trade Example 85
Others 87
Order Stacking 87
NEWS 89
Three Push High 91
False S/R Levels 94
Trapping Volumes 95
Spread Widening 97
Loss Offset 98
ADR 99
GAPS 100
Others 101
Trivial 104
Server Time 104
Time Frame 105
Summary 108
IhDT 108
PIPS400 112
Anga 114
BARF 116
Tao
Thank you Tao.
Good job.
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lhDT wrote:
Captain Jack wrote:
taggie11 wrote:CJ

Doc
Enjoy the ride!
CJ
Gold, where the money is ... pain too !

Currently long EU at the bottom support lvl.
There's a bunch of decent looking patterns out there today....look around, lots of "W"'s down low and several pair
should be topping out as well...setting up for some nice runs...
EU looks good...love those "pins"...
BTW, that was the stop hunt....hit the stop high and hit the stops low....
CJ
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Need some sleep....back in a few hours....
CJ
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Captain Jack wrote:Need some sleep....back in a few hours....

CJ
Aussie to Parity !
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by mrelectron » Tue Mar 19, 2013 6:15 am
<snip>
The file is too big to upload.Please download by the below link:
</snip>
Hi Tao:
If its not too big a problem for you can you either split the document up or alternatively I have created an account with
mediafire which gives 50GB of free storage.
url: https://www.mediafire.com,
credentials: [uname: acquitaine ---- g ---- mail ---- com][pword: shfshf]. The username is something do with gmail.com.
You can just upload it to there. this account can be use by anyone obviously that has these credentials above.
The only reason I have done this is the place you have uploaded the file to - crocko.com wants users to download a
download manager, and I really don't want to put a piece of software on my pc that will more than likely contain adware
and worse.
Thanks
Mark
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Great idea Mark.. I didn´t download it because of that manager too. I´m gonna wait for mediafire link
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by Aus67 » Tue Mar 19, 2013 6:32 am
guys CADJPY weekly

Thoughts on whether this a big M forming? after what to me looks like a 3 push high, with some exhaustion.
It seems clearer on the daily and 4H, with price being sold off at this level in the past.
Thoughts anyone?
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Aus67 wrote:guys CADJPY weekly

Thoughts anyone?
cadjpyw.JPG
I love it ! Just need to zoom a bit to get the perfect entry.
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by Lara » Tue Mar 19, 2013 7:00 am
WOW, WOW AND WOW AGAIN!!!!!!
Its taken me a while - not because I couldn't see the patterns but because my mind was filled with a couple of years
worth of trading theories that have now gone in the bin.......permanently.
I cannot express my appreciation enough CJ - this has to be as close to the Grail as you can get.
PS Thanks to Mike as well for the Auto Sessions indicator - really a great way to visually see the session ranges as they
break away from Asia.
Lara
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by Tao » Tue Mar 19, 2013 8:09 am
The file is too big to upload.Please download by the below link:
</snip>
Hi Tao:
If its not too big a problem for you can you either split the document up or alternatively I have created an
account with mediafire which gives 50GB of free storage.
url: https://www.mediafire.com,
credentials: [uname: acquitaine ---- g ---- mail ---- com][pword: shfshf]. The username is something do
with gmail.com.
You can just upload it to there. this account can be use by anyone obviously that has these credentials
above.
The only reason I have done this is the place you have uploaded the file to - crocko.com wants users to
download a download manager, and I really don't want to put a piece of software on my pc that will more
than likely contain adware and worse.
Thanks
Mark
Here you go:

http://www.mediafire.com/?ib9bo8qvxb6agwh
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by websie » Tue Mar 19, 2013 8:14 am
On the 1st post, the set of daily visuals, I have tried to find an explanation for each of these but have been unsuccessful,
could someone point me to an explanation of the daily data indi?
thanks
And thank you for the pdf above
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by mrelectron » Tue Mar 19, 2013 8:17 am
Thanks Tao, that is lot of work you have done, it must have taken forever.
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you have immortalised my failure in your pdf, angat will forever be known throughout the ages as the guy who made 350
pips in 5 hours and lost it all. lol
no good job tao. looks good.

.
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by Eureka » Tue Mar 19, 2013 8:47 am
Thanks for the pdf, Tao. Much appreciated.
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by fire580 » Tue Mar 19, 2013 9:02 am
Tao thank you very much.... a fantastic job.
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by jasonckb » Tue Mar 19, 2013 9:34 am
Thanks CJ and Tao

Happy Trading
Jason
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by websie » Tue Mar 19, 2013 9:37 am
Ok, I am not quite sure if what I am seeing is right but is this an M forming on the CADJPY Daily/Weekly? I am thinking
to sell this to 88.717
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by jasonckb » Tue Mar 19, 2013 10:07 am
GBPAUD short, short timeframe 3 push, double top, M, RRT.
Happy Trading
Jason
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by casapips » Tue Mar 19, 2013 10:39 am
Merci TAO!!!
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by Mescalitofx » Tue Mar 19, 2013 11:54 am
seems i was to early in, i had an too early entry M but at between 2 - 3 am was the M, but u had to go really down TF
to see the M.
locked in profits $100 with 0.2 lots accumulated. good enough, average 50 pips.
possible will drop lower, but i take from table.
...
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Mescalitofx wrote:seems i was to early in, i had an too early entry M but at between 2 - 3 am was the M,
but u had to go really down TF to see the M.
Well done mate. I cant seem to find anything good today or I have just missed them. Guess im not with it. I think I have
lost my mojo.
CJ how does one recover their mojo?

.
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by mjws00 » Tue Mar 19, 2013 12:46 pm
Taking this little EG pin back into the range. Hoping they drive it north as daily is OS hard. Might add if they print a W
instead. I'd like a position here if larger TF goes long. Could just as easily drop to 0.8430 on larger 4h/daily... but we'll
see.
wide view
pin back. possible anchor.
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Mescalitofx wrote:seems i was to early in, i had an too early entry M but at between 2 - 3 am was the M,
but u had to go really down TF to see the M.
Can you see the bigger M on the daily?

.
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by Mescalitofx » Tue Mar 19, 2013 1:47 pm
Angat wrote:
Mescalitofx wrote:seems i was to early in, i had an too early entry M but at between 2 - 3
am was the M, but u had to go really down TF to see the M.
Yes i see the bigger M forming, but too chicken to take (negative swap). ill try a small lot and see how far we get. since it
is paper trading.
edit: before we go sell i think there is a small correction up.

lock and loaded (buy gbpjy, SL set 29 pips below (TL up))
...
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Mescalitofx wrote:
Angat wrote:
Mescalitofx wrote:seems i was to early in, i had an too early entry M but at
between 2 - 3 am was the M, but u had to go really down TF to see the M.
Yes i see the bigger M forming, but too chicken to take (negative swap). ill try a small lot and see how far
we get. since it is paper trading.
Not sure if the larger M will drop today as its dropped alot already.
.
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Hey CJ any good signals that you can share pls. Pls keep them coming I need to get used to finding better quality setups.
I think thats one of my problems.
W on AUDJPY to pull back into range? What you think?

.
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Aus67 wrote:guys CADJPY weekly

Thoughts anyone?
The attachment cadjpyw.JPG is no longer available
It's always a good idea to look at the other time frames....higher give the big picture, lower the details...looking good
here for lower prices ahead....
CJ
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Lara wrote:WOW, WOW AND WOW AGAIN!!!!!!
Its taken me a while - not because I couldn't see the patterns but because my mind was filled with a couple
of years worth of trading theories that have now gone in the bin.......permanently.
I cannot express my appreciation enough CJ - this has to be as close to the Grail as you can get.
PS Thanks to Mike as well for the Auto Sessions indicator - really a great way to visually see the session
ranges as they break away from Asia.
Lara
Glad to have been able to shed a little light on your path through the forex forest....
CJ
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Angat wrote:
Mescalitofx wrote:seems i was to early in, i had an too early entry M but at between 2 - 3
am was the M, but u had to go really down TF to see the M.
Well done mate. I cant seem to find anything good today or I have just missed them. Guess im not with it. I
think I have lost my mojo.
CJ how does one recover their mojo?
Trades over....move to the next.....
CJ
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Angat wrote:Hey CJ any good signals that you can share pls. Pls keep them coming I need to get used to
finding better quality setups. I think thats one of my problems.
It's getting close to the time of day when the prices will be pulling back into the range....50pip or 50% re-tracements of
the moves are not uncommon....
It's best for you to find the signals otherwise this just becomes another "signal service" thread....and that won't happen...
CJ
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by Kruspe » Tue Mar 19, 2013 2:41 pm
And what about this two, guys.. nice setup, it´s Low of Day, a little bit over avg. ADR, W pattern and back up... pretty
sure trade for a few pips. (it´s 5M TF for demonstration)
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by mjws00 » Tue Mar 19, 2013 2:50 pm
Kruspe wrote:And what about this two, guys.. nice setup, it´s Low of Day, a little bit over avg. ADR, W
pattern and back up... pretty sure trade for a few pips. (it´s 5M TF for demonstration)
I took it earlier. Turned out pretty. Question right now is do they park it right here and go home for the day. There are
lots of folks who took that pinbar long, and it was buying into the low off our gap. So it may take a while to resolve.
There is lots of weak money available for a little pop if NY decides they want it.
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Captain Jack wrote:
Angat wrote:Hey CJ any good signals that you can share pls. Pls keep them coming I need
to get used to finding better quality setups. I think thats one of my problems.
It's getting close to the time of day when the prices will be pulling back into the range....50pip or 50% re-
tracements of the moves are not uncommon....
It's best for you to find the signals otherwise this just becomes another "signal service" thread....and that
won't happen...
CJ
El Capitaine,
Yahooozeee..... Love trading like this every day.
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El Capitaine CJ,
Thank You @ verymuch.com What a Wonderful System for Traders, especially if you know what to look for, just
booked my Second set of Profits for the Day. I will come Back tomorrow for more.
xrismak.
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xrismak wrote:
The attachment 19-03-2013 18-39-13 Love this 1.png is no longer available
Captain Jack wrote:
Angat wrote:Hey CJ any good signals that you can share pls. Pls keep them
coming I need to get used to finding better quality setups. I think thats one of my
problems.
It's getting close to the time of day when the prices will be pulling back into the range....50pip
or 50% re-tracements of the moves are not uncommon....
It's best for you to find the signals otherwise this just becomes another "signal service"
thread....and that won't happen...
CJ
El Capitaine,
Yahooozeee..... Love trading like this every day.
xrismak
Well done!
cmicsfee.gif (188.66 KiB) Viewed 364 times
CJ
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xrismak wrote:El Capitaine CJ,
Thank You @ verymuch.com What a Wonderful System for Traders, especially if you know what to
look for, just booked my Second set of Profits for the Day. I will come Back tomorrow for more.
xrismak.
Outstanding!
CJ
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Captain Jack wrote:
Thank You @ verymuch.com What a Wonderful System for Traders, especially if you
know what to look for, just booked my Second set of Profits for the Day. I will come Back
tomorrow for more.
xrismak.
Outstanding!
CJ
El Capitaine CJ,
Just Couldn't Resist the Pins, I had to come back for more but Now I am finally Done for the Day, let the Markets do
their Retracing and I will pick up from there tomorrow.
Have a Good Day Everybody because I have Had a Very GOOOOOOOd One. Not every day is Christmas but
when it comes Early I'll Celebrate with some Pips like today's Christmas.
Warm Regards,
xrismak,
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I managed to get a break even day. Not sure where my head is at. Most of the yen pairs gave some setups, they might
not have been perfect Ms and Ws but they were there. Could have made 70 pips shorting and another 30 pips long in
the end of day reversal, per pair! Perhaps 500 pips just on the yen pairs. Even if you took 50 pips total on 4 pairs thats
200 pips which is not bad at all.
I need to focus more and not get in early. I need to wait for the second leg ideally to start moving in the direction i want it
to go before jumping on board.
It all comes down to money management and keep risk to a minimum. Nothing beats experience to fall back on when
everything is going tits up. I hope tomorrow's a good day, I need one of those to get my confidence back.
.
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by mjws00 » Tue Mar 19, 2013 4:35 pm
Cool stuff xrismak.
Took a small profit on EURGBP and will look for another entry. In a perfect world Asia can chop it up in here. Drive it
down to test 0.8500 or even 0.8460ish grab some fresh bear meat and paint something pretty for me to join.
They stuck such a pin in 0.8550 I expect my trade was 0.8505 to 0.8545. If they run this hard north I'll laugh pretty hard
at myself. They've hit em low twice, high once, and built nice trapped volume. But it feels like profit taking. Asia could
drift it higher, leaves more room for a nice hunt south. These boys gotta build some positions and steal all that money
from the folks that left shorts open.
Heh. Or some weird EURO crisis happens. And they take advantage of all that air to the left to punish this thing to
oblivion... I'm good either way
Slept too much last night and missed some decent set ups.
Mike
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Angat wrote:I managed to get a break even day. Not sure where my head is at. Most of the yen pairs
gave some setups, they might not have been perfect Ms and Ws but they were there. Could have made 70
pips shorting and another 30 pips long in the end of day reversal, per pair! Perhaps 500 pips just on the
yen pairs. Even if you took 50 pips total on 4 pairs thats 200 pips which is not bad at all.
I need to focus more and not get in early. I need to wait for the second leg ideally to start moving in the
direction i want it to go before jumping on board.
It all comes down to money management and keep risk to a minimum. Nothing beats experience to fall
back on when everything is going tits up. I hope tomorrow's a good day, I need one of those to get my
confidence back.
You need to develop patience and wait for good set-ups. You won't always get "M" and "W"'s on all stages on a
move...The best place for them are at the 3rd level....
You will get RRT and "pns" which you can use as clues to possible price reversals....
You need to watch for stop hunts.....don't trade the Asian range....wait for price to move 25-50 pips above or below
Asian for a set-up....
A 3 push, 50 pip move out of Asian isn't something you want to trade....it's a set-up that draws in breakout traders....
you want to watch for price reversals after these "false moves" happen.
Look for quality and not quantity....28 pair or more out there...pick the best ones...
CJ
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Captain Jack wrote:

You need to develop patience and wait for good set-ups. You won't always get "M" and "W"'s on all stages
on a move...The best place for them are at the 3rd level....
You need to watch for stop hunts.....don't trade the Asian range....wait for price to move 25-50 pips above
or below Asian for a set-up....
A 3 push, 50 pip move out of Asian isn't something you want to trade....it's a set-up that draws in breakout
traders.... you want to watch for price reversals after these "false moves" happen.
CJ
Cheers. I know patience is an issue with me. I need to sort that somehow. I always want everything now now now lol
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Angat wrote:
Captain Jack wrote:

You need to develop patience and wait for good set-ups. You won't always get "M" and
"W"'s on all stages on a move...The best place for them are at the 3rd level....
You need to watch for stop hunts.....don't trade the Asian range....wait for price to move 25-
50 pips above or below Asian for a set-up....
A 3 push, 50 pip move out of Asian isn't something you want to trade....it's a set-up that
draws in breakout traders.... you want to watch for price reversals after these "false moves"
happen.
CJ
Cheers. I know patience is an issue with me. I need to sort that somehow. I always want everything now
now now lol
Move to a higher time frame....easier to see the "major" turns....also helps to determine the level of the current cycle.
CJ
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Captain Jack wrote:

Move to a higher time frame....easier to see the "major" turns....also helps to determine the level of the
current cycle.
CJ
Okay going to drop the 15 min TF altogether now. Going to focus only on 1H, 4H, and daily. Will search for RRTs with
some pins action at the peak of a move.
.
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I got stopped out at BE + 2 for the small up move on GBPJPY.
the juice was out, end of day, ... up to the next.
Good evening.
Gerry
CJ:
Question1
The 3 rises , does mean we see 3 push levels from the bottom. i was confused with the GAP on monday so maybe that
was a special case. just wanted to be sure.
Question2
what pair(s) do u refer to that 30-90 min after asian session after jumping 25-50 up or down reverse. I mostly see it
continue straight away. going the same direction.
I personally prefer to trade GBPJPY due votality.
Question3
I tend to jump in to early for the way down. i keep adding small lots to average a better position.
Is that what you mean by pyramiding. i think i expose myself to much this way. but i think it is almost the same what u do
with pyramiding up. except i think u only add when u are in profit already. maybe I need to work on that. let me explain
by showing my entries on the GBPJPY(see pic)
Question4
Any way to stay longer in the trade. i want to increase my R:R ratio.(counting 3 drops when u know the 3rises?) i
chicken out too soon.
...
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Mescalitofx wrote:I got stopped out at BE + 2 for the small up move on GBPJPY.
the juice was out, end of day, ... up to the next.

Good evening.
Gerry
CJ:
Question1
The 3 rises , does mean we see 3 push levels from the bottom. i was confused with the GAP on monday so
maybe that was a special case. just wanted to be sure.
Question2
what pair(s) do u refer to that 30-90 min after asian session after jumping 25-50 up or down reverse. I
mostly see it continue straight away. going the same direction.
I personally prefer to trade GBPJPY due votality.
Question3
I tend to jump in to early for the way down. i keep adding small lots to average a better position.
Is that what you mean by pyramiding. i think i expose myself to much this way. but i think it is almost the
same what u do with pyramiding up. except i think u only add when u are in profit already. maybe I need to
work on that. let me explain by showing my entries on the GBPJPY(see pic)
Question4
Any way to stay longer in the trade. i want to increase my R:R ratio.(counting 3 drops when u know the
3rises?) i chicken out too soon.
#1. There are multiple 3 level rise or drops....On the weekly cycle, there is a 3 day cycle that corresponds to 3 days of
rise or fall... reversal may come after the 3rd level....when it does, the 3rd level becomes the 1st level in the new 3 day
cycle... You will find more quality "M" and "W" pattersn on this 3rd level if it is the reversal level...straight away trades
tends to occur from this level as well if they already have adequate volume trapped there already.
You can also have levels of rise on one or more of the daily cycles....this may come at the 3rd level or after the 3rd
level....
When price leaves the Asian session, many times it will rise or fall for 3 candles or steps on the 15M time frame....to give
the 25-50 pips of separation from the range...
#2. You will see it on all pairs....the more volatile the pair, the bigger the range and moves tend to be. You do not see this
on all levels of rise as the fox is most active on the 1st and 3rd levels....ths is where he trades the edges...level 2 is usually
the retail traders reaction to the fox at level 1 and 3.
#3. Pretty much the same thing...see the AUDUSD trade I posted a few pages back...
#4. Refer to the higher time frame charts....you can also use these to determine current level and direction. Enter on the
15M and follow the higher time frame to the next reversal....you can also take profits or establish new positions along the
way.
You can get some nice daily moves, that have 3 pushes up or down, when price is leaving level 3 or level 1, which it
becomes....these are the peak highs and peak lows...on the 3 day cycle.
CJ
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Captain Jack wrote:
Mescalitofx wrote:#3. Pretty much the same thing...see the AUDUSD trade I posted a few
pages back...
CJ
It goes so fast this thread... thanks

...
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So you dont believe in 2 wave corrective moves after a 3 level cycle? It thought the 2 wave corrective move actually
creates the M and W pattern. Or is this what you're talking about and the terminology is different.
Actually I think I might know what your saying, I know you told me previously to forget elliot wave theory, but at peaks
in elliott theory you get 3 levels up followed by 3 levels down. only on certain TFs you see the corrective moves.
Similar to the peak on the middle graph:
http://en.wikipedia.org/wiki/File:Elliott_wave.svg
3 levels up and 3 levels down.

.
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Angat wrote:So you dont believe in 2 wave corrective moves after a 3 level cycle? It thought the 2 wave
corrective move actually creates the M and W pattern. Or is this what you're talking about and the
terminology is different.
What?
CJ
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by johnsund » Tue Mar 19, 2013 6:31 pm
One thing that has helped me is to be able to see more than one timeframe at once. I have 4 monitors, and on each I
have the same pair but with M15, H1, H4 and daily charts. I have saved a profile for each pair and first thing when I get
up for London is scan each pair to determine where it is on levels for the week and for the day, and M or W formations,
pins, etc.. Also look where price is relative to Tokyo channel. This takes about 20 minutes for all pairs that I watch. For
pairs that may have interesting setups coming I write those down and then go to a profile that has multiple M15 charts on
it. From the list I just developed I either have the pair already in the profile or simply drag the pair over from market
watch. I then have in one spot all of the pairs that I identified as prospective setups in one place so I can watch them
closely.
One other thing I found is that you can mark up each chart with the drawing tools, showing levels, M or W, pins, etc.,
and as long as you resave that profile the markups will stay on the chart. Great for reviewing later.
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Captain Jack wrote:
Angat wrote:So you dont believe in 2 wave corrective moves after a 3 level cycle? It thought
the 2 wave corrective move actually creates the M and W pattern. Or is this what you're
talking about and the terminology is different.
What?
CJ
You are welcome to relate it to EW if it helps you understand, but I don't use EW so I don't have any basis on it from
which to respond.
CJ
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johnsund wrote:One thing that has helped me is to be able to see more than one timeframe at once. I have
4 monitors, and on each I have the same pair but with M15, H1, H4 and daily charts. I have saved a
profile for each pair and first thing when I get up for London is scan each pair to determine where it is on
levels for the week and for the day, and M or W formations, pins, etc.. Also look where price is relative to
Tokyo channel. This takes about 20 minutes for all pairs that I watch. For pairs that may have interesting
setups coming I write those down and then go to a profile that has multiple M15 charts on it. From the list I
just developed I either have the pair already in the profile or simply drag the pair over from market watch. I
then have in one spot all of the pairs that I identified as prospective setups in one place so I can watch them
closely.
One other thing I found is that you can mark up each chart with the drawing tools, showing levels, M or W,
pins, etc., and as long as you resave that profile the markups will stay on the chart. Great for reviewing
later.
I've used the text tool to place labels on the charts to indicate peak levels... it gives me a quick reminder as I flip through
the charts...
CJ
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F0rMaT wrote:possible 'W' forming here on the cad/jpy ?
higher probability lower, that is the 1st pushdown, at least 2-3 pushes down normally
...
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F0rMaT wrote:still reading through the thread.. trying to find where you guys started talking about these M
and W formations.. seems now the thread is solely based on these 2 patters.. after 100 pages we finally get
to the point
What? It doesn't remind you of a Disney movie anymore?
CJ
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Mescalitofx wrote:
F0rMaT wrote:possible 'W' forming here on the cad/jpy ?
higher probability lower, that is the 1st pushdown, at least 2-3 pushes down normally
I agree Gerry.... looks like an "M" after a 3 level rise. Price has returned to fill the gap, as was discussed earlier in the
thread, and has basically completed a stop hunt before it's next move...
Price finished the day in consolidation so that should make it Level 3 complete with a Peak High. Level 3's tend to lead
into straight away price moves after consolidation....watch for this...
I don't understand how anybody can read the previous 100+ pages and think that this thread is "only" about "W" and
"M" patterns.
CJ
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AUDCAD on the Level 3 watch list...looking for a new peak high....
CJ
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by Ashflash » Tue Mar 19, 2013 11:29 pm
Captain Jack wrote:
F0rMaT wrote:still reading through the thread.. trying to find where you guys started talking
about these M and W formations.. seems now the thread is solely based on these 2 patters..
after 100 pages we finally get to the point
CJ
Hmmm... Sounds oddly similar doesn't it...? : )
Great job here CJ!
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Ashflash wrote:
Captain Jack wrote:
F0rMaT wrote:still reading through the thread.. trying to find where you guys
started talking about these M and W formations.. seems now the thread is solely
based on these 2 patters.. after 100 pages we finally get to the point
CJ
Hmmm... Sounds oddly similar doesn't it...? : )
Great job here CJ!
Hi Ash,
Glad to see you aboard!
CJ
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by mjws00 » Tue Mar 19, 2013 11:45 pm
I wondered how long that one and the grasshopper would survive. LOL.
Green Pips. I need some beauty sleep before London cranks up.
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Compare this pattern with the current pattern printed by CADJPY Lio.....look familiar?
CJ
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mjws00 wrote:I wondered how long that one and the grasshopper would survive. LOL.
Green Pips. I need some beauty sleep before London cranks up.
You missed the one in Bob's thread where you were being "baited" with a question about live and demo results....
CJ
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GBPUSD has been held the past few days.....movement is seen in some of the crosses.... there was a question some
pages back concerning the drop in the EURO and the lack of movement in the Pound...here's the "holding
pattern"....chopping for days now....
CJ
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I find it interesting that silver is being "held" while gold has risen lately....not sure what to make of it but I'm going to take
a "speculative" position in silver here....
CJ
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by Aus67 » Wed Mar 20, 2013 2:54 am
Captain Jack wrote:AUDCAD on the Level 3 watch list...looking for a new peak high....
CJ
Dumbe question on the way!!
What time frame are you referring to? Daily??...I left my glasses home and I cant put my fingers on the 3 pushes!!
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Mescalitofx wrote:I got stopped out at BE + 2 for the small up move on GBPJPY.
Question4
Any way to stay longer in the trade. i want to increase my R:R ratio.(counting 3 drops when u know the
3rises?) i chicken out too soon.
This goes a little deeper on holding positions Gerry....Using GBPJPY as an example, it has an ADR of 176.5. Lets say
you determine that GBPJPY has formed a peak high and is beginning a new 3 day cycle, so you take a short position
and set your stop loss....
Using ADR of 176.5 x 3, for the 3 day cycle, you have the possibility of this pair moving 529.5 pips on a 3 day
drop....There are many options on how to do it, but lets say you have added orders and price is dropping. At the 1st
retrace level, you can close your positions and take new ones at the end of the retrace or you can wait for the retrace to
end and add orders higher, after the retrace. Bring your SL down to the peak of the retrace. If price drops, you can add
orders to the next retrace, close or hold. Move stops down again and begin adding more orders....at some point , you
will get a nice reversal signal where you close them all out.
I tend to close my orders at the retrace point, book the profit and add new orders when the retrace is over. Helps to
keep my equity rising and margin levels a bit safer.
This is one way of building those positions into a big payday.
Each pair will have it's own ADR to use in computations. Some small, other larger...
This is an example over several days on the higher time frame, but you can use it on the 15M time frame using daily ADR
on the same manner. This is based on entry at the LOD or HOD, where you have the full ADR to work with.
CJ
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Aus67 wrote:
Captain Jack wrote:AUDCAD on the Level 3 watch list...looking for a new peak high....
CJ
Dumbe question on the way!!
What time frame are you referring to? Daily??...I left my glasses home and I cant put my fingers on the 3
pushes!!
Levels refer to the weekly cycle and the 3 day cycle. Level 3 is where new peak highs or peak lows form and reversals
occur. You can view them on whichever time frame you can see them best. The count starts from the last peak high or
peak low....
CJ
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Hi CJ,
I'm REALLY enjoying trading this way!
Apologies if you have already answered this question but how do you handle the crosses? For example lets say GBP is
strengthening and you have identified a strong long move on the 15m. Do you then take long positions on the GBP
crosses or wait awhile for the crosses to show the same long bias? If the latter, how long typically do the crosses take to
react?
Thanks,
Lara
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Similar question to Lara, you going to short all the JPY pairs as they are providing similar setups or will you take just the
best quality ones which have a clear M pattern and milk those?
.
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Lara wrote:Hi CJ,
I'm REALLY enjoying trading this way!
Apologies if you have already answered this question but how do you handle the crosses? For example lets
say GBP is strengthening and you have identified a strong long move on the 15m. Do you then take long
positions on the GBP crosses or wait awhile for the crosses to show the same long bias? If the latter, how
long typically do the crosses take to react?
Thanks,
Lara
You need to watch for the signals and patterns on each pair...they can hold currency in a major or a cross....look across
the GBP pairs now...you trade the patterns when they appear.
I haven't really paid any attention to how long they will hold a currency as I'm looking for other patterns when they do...
CJ
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Angat wrote:Similar question to Lara, you going to short all the JPY pairs as they are providing similar
setups or will you take just the best quality ones which have a clear M pattern and milk those?
I take a lot of trades. Sometimes one pair will be ahead or behind another. You may get better entry this way. For
MOST people, you would want to take the quality setups...
These are at the LOH/HOD, level 3's, with "M" and "W"'s....
If you are trading the 15M time frame, 50 pips is a good target. If you get the LOD/HOD, level 3 trade, expect 3 rises
or falls in that daily cycle...hold longer for more pips....
That's 3 days of rise or fall, from a peak high or low, with 3 pushes in price, up or down on the 3rd day or level 3. That's
why you need to find the weekly cycle.
CJ
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by mjws00 » Wed Mar 20, 2013 4:47 am
Captain Jack wrote:This is one way of building those positions into a big payday.
This is an example over several days on the higher time frame, but you can use it on the 15M time frame
using daily ADR on the same manner. This is based on entry at the LOD or HOD, where you have the full
ADR to work with.
CJ
Thanks for this. I can't believe I didn't think to apply this to other 3 wave cycles. On whatever timeframe. Getting out
at/near ADR is like breathing to me... this little gem is an FU moment. Doh.
Sometimes the simplest things smack you right upside the head. Or maybe I just woke up and my sense of humor is
especially twisted. Whatever the case, more free beer on me.
So what is the deal on EUR pairs EJ EG, both either have perfect straightaways goin or they reverse pretty soon. Foxy
got it goin on tonight.
ej. Straightaway or Reverse?
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You need to watch for the signals and patterns on each pair...they can hold currency in a major or a cross....look across
the GBP pairs now...you trade the patterns when they appear.
I haven't really paid any attention to how long they will hold a currency as I'm looking for other patterns when they do...
CJ
Thanks CJ - makes perfect sense.
Speaking of GBP/USD I see there are some high-impact news items coming up for GBP. I was expecting Foxy to keep
an extended consolidation until he can use the "news" to validate his move. In the last couple of minutes, however, there
has been a 75 pip drop. Likely Foxy will be buying at news time?
Lara
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mjws00 wrote:
Captain Jack wrote:This is one way of building those positions into a big payday.
This is an example over several days on the higher time frame, but you can use it on the 15M
time frame using daily ADR on the same manner. This is based on entry at the LOD or HOD,
where you have the full ADR to work with.
CJ
Thanks for this. I can't believe I didn't think to apply this to other 3 wave cycles. On whatever timeframe.
Getting out at/near ADR is like breathing to me... this little gem is an FU moment. Doh.
Sometimes the simplest things smack you right upside the head. Or maybe I just woke up and my sense of
humor is especially twisted. Whatever the case, more free beer on me.
So what is the deal on EUR pairs EJ EG, both either have perfect straightaways goin or they reverse pretty
soon. Foxy got it goin on tonight.
No need to find 20 trades on 29 pair, find the one pair with a great signal and take 20 trades off of it...the idea is to
trade to make money, not to just make trades.
Most gaps have filled....and the hold has been lifted off the Pound....a little news does wonders to get the fox out of his
hole and running....
Each time you have one of those "face palm" moments, your bank account is going to thank you!
CJ
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by Lifesys » Wed Mar 20, 2013 5:16 am
John
This thread is a great addition to SH forum & stretches well beyond what I have been endeavouring to achieve with PA.
Watching multiple TimeFrames has been mentioned a few times - an excellent way to do this, without huge or multiple
monitors is with StratmanMinicharts. I can see 4-5 additional charts on one main chart or up to 20 small charts on 1.
You can set other TF's or even other pairs together.
NOTE: Need to install Stratman font to view correctly (included with manual).
May be useful to others. Thanks for your great insight & support.
Paul
StratmanMiniCharts.zip
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Lifesys wrote:John
This thread is a great addition to SH forum & stretches well beyond what I have been endeavouring to
achieve with PA.
Watching multiple TimeFrames has been mentioned a few times - an excellent way to do this, without huge
or multiple monitors is with StratmanMinicharts. I can see 4-5 additional charts on one main chart or up to
20 small charts on 1. You can set other TF's or even other pairs together.
2013-03-20_200126.png
NOTE: Need to install Stratman font to view correctly (included with manual).
May be useful to others. Thanks for your great insight & support.
Paul
Hi Paul,
I'm glad people are finding the information of some use and I'm glad to be able to contribute here. I've been a lurker for
a long time and never really had the time to do it before.
I'll post the indi on the 1st page with the others. I've used it in the past and it's a great add for those wishing to be able to
multiple time frames on one chart.
Thanks and feel free to add anything to the conversation that you think might help us along with out fox hunts.
John
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I hope you guys and gals are getting some of this....
CJ
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Thanks CJ - makes perfect sense.
Speaking of GBP/USD I see there are some high-impact news items coming up for GBP. I was expecting Foxy to keep
an extended consolidation until he can use the "news" to validate his move. In the last couple of minutes, however, there
has been a 75 pip drop. Likely Foxy will be buying at news time?
Lara
Thanks Capn. A WHOLE new way of looking at the news - closed at 50 pips long on GBP/USD. Could have
gone for a 100+ but as you say "next trade".
Lara
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Lara wrote:Thanks CJ - makes perfect sense.
Speaking of GBP/USD I see there are some high-impact news items coming up for GBP. I was expecting
Foxy to keep an extended consolidation until he can use the "news" to validate his move. In the last couple
of minutes, however, there has been a 75 pip drop. Likely Foxy will be buying at news time?
Lara
Thanks Capn. A WHOLE new way of looking at the news - closed at 50 pips long on
GBP/USD. Could have gone for a 100+ but as you say "next trade".
Lara
They've been holding price for days now....today is the "excuse" to do what they are doing....swinging it all over the
place...this is the stop hunt, got a few hours of action to go....and I'mma gonna blow some minds here when it's done....
CJ
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by Abrin » Wed Mar 20, 2013 5:49 am
http://www.newsimpact.com/ handy site for estimating news impact, give you an idea of what to expect.
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by mrelectron » Wed Mar 20, 2013 5:50 am
Hi CJ.
I just want to thank you for the time and patience you have given and shown in this forum. Trading without indicators
using price action combined with your insights into how the market is made has given me an opportunity to see light at
the end of the tunnel.
Do you still plan to go ahead with a BARF thread?
Thanks
Mark
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mrelectron wrote:Hi CJ.
I just want to thank you for the time and patience you have given and shown in this forum. Trading without
indicators using price action combined with your insights into how the market is made has given me an
opportunity to see light at the end of the tunnel.
Do you still plan to go ahead with a BARF thread?
Thanks
Mark
It depends on time Mark. This thread is taking a lot of time as well as my trading. I'd like to get it going, so we'll see
going forward. It kind of ties in with what we are doing now and looks for a specific pattern...
CJ

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by monty » Wed Mar 20, 2013 6:17 am
Captain Jack wrote:I hope you guys and gals are getting some of this....
CJ
CJ.Thank you for sharing your knowledge with us,and your teaching method been very affective and much appreciated
by all of us here.
I managed to get 30 pip on G/U retracement.
But now I'm going to stay a side with big news on uk budged on .
I have no idea how to trade this big move till it settles down.
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by mjws00 » Wed Mar 20, 2013 6:19 am
Mmm. Mmm good. I took the slower EG train. Done with GU yet or just gonna ride?
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The way I made the 350 pips in one morning was I placed many trades using the 5m/15m/1h TFs looking for M and W
patterns with potential profits of 20+ pips. I dont think I can develop the patience to look for 3 day setups using CJ's
proper method. I want to but I'm pretty sure my trading style is small quick in and out trades.
.
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by mjws00 » Wed Mar 20, 2013 6:29 am
Works just as well on the lower TF. Just a bit more noise to deal with in the patterns. Xrismak is killin it. It is taking me a
while to adjust to longer TF as well. You gotta go with what suits you. CJ is scalping the crap out of these pairs while
lining up the higher TF. Best of both worlds if you ask me.
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If you want to trade these swings, aim for the pins on the tops and bottoms...set SL 5-10 pips above or below the high
or low pin and keep swinging....
CJ
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mjws00 wrote:Mmm. Mmm good. I took the slower EG train. Done with GU yet or just gonna ride?
I had little fox babies for breakfast today.....
50pips....50pips.....50pips.....50pips.....
CJ
Composite....chopped out all the cancelled pendings....
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Might not get the full 50 on these sets'....will be watching for the bottom turn....
CJ
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Angat wrote:The way I made the 350 pips in one morning was I placed many trades using the 5m/15m/1h
TFs looking for M and W patterns with potential profits of 20+ pips. I dont think I can develop the
patience to look for 3 day setups using CJ's proper method. I want to but I'm pretty sure my trading style is
small quick in and out trades.
Use the 3 day cycle to determine which direction to be looking for trades on the 15M....don't trade against the cycle...
CJ
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mjws00 wrote:Works just as well on the lower TF. Just a bit more noise to deal with in the patterns.
Xrismak is killin it. It is taking me a while to adjust to longer TF as well. You gotta go with what suits you.
CJ is scalping the crap out of these pairs while lining up the higher TF. Best of both worlds if you ask me.
Yeah I think it does. I cant have fluked it, I placed 40 trades over 10 different pairs. I need to go back to that style and
see if I can replicate it.
.
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monty wrote:
Captain Jack wrote:I hope you guys and gals are getting some of this....
CJ
CJ.Thank you for sharing your knowledge with us,and your teaching method been very affective and much
appreciated by all of us here.
I managed to get 30 pip on G/U retracement.
But now I'm going to stay a side with big news on uk budged on .
I have no idea how to trade this big move till it settles down.
Watch the pattern that appears on the 15M time frame...it's going to be a nice one....and will give you an idea what to
expect when it hits the larger time frames...
We just had the stop hunt high and low....they will work it to the center now, back and forth several times...before taking
a direction, hours from now....
CJ
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Captain Jack wrote:
Angat wrote:The way I made the 350 pips in one morning was I placed many trades using
the 5m/15m/1h TFs looking for M and W patterns with potential profits of 20+ pips. I dont
think I can develop the patience to look for 3 day setups using CJ's proper method. I want to
but I'm pretty sure my trading style is small quick in and out trades.
Use the 3 day cycle to determine which direction to be looking for trades on the 15M....don't trade against
the cycle...
CJ
Yeah, increase the probability of success. I'm all for that!

.
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by mjws00 » Wed Mar 20, 2013 7:00 am
That is such a nice picture of sticking with the plan and punching out, CJ. I did manage to stack em up on EG on the way
down. So it's coming. Probably should have let some ride so they could test lower down. But I need a nap and hate
retraces.
I think I like staying a bit more focused and just hitting a couple pairs hard vs. watching 20+. No reason why I can't just
stack em up on the nicer setups.
Finally a night worth stayin up for.
Ciao.
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by biganc » Wed Mar 20, 2013 7:03 am
I have a pretty good ADR calculator indi I want to post, however, I don't know how to post it. I can't just copy and
paste in the window. Can someone offer a little instruction so I can post it for the thread?
Thanks.
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mjws00 wrote:That is such a nice picture of sticking with the plan and punching out, CJ. I did manage to
stack em up on EG on the way down. So it's coming. Probably should have let some ride so they could test
lower down. But I need a nap and hate retraces.
I think I like staying a bit more focused and just hitting a couple pairs hard vs. watching 20+. No reason
why I can't just stack em up on the nicer setups.
Finally a night worth stayin up for.
Ciao.
Have a good rest...this is going to drag out for hours and it's a goldmine when you know what they are doing, It's almost
like "seeing" the notes of a song as it plays.... this is going to be a great picture when it's done and will give everybody a
great "pattern" with which to go forward with....
CJ
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biganc wrote:I have a pretty good ADR calculator indi I want to post, however, I don't know how to post
it. I can't just copy and paste in the window. Can someone offer a little instruction so I can post it for the
thread?
Thanks.
Be sure to click the "full editor" button...it's next to the "submit" key, after you do, you will see the option to upload an
attachment...that's where you can add the ADR calculator...
CJ
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by magdelen » Wed Mar 20, 2013 7:10 am
CJ
can you ask your wife if i can marry you
for almost 5 yrs i have been trying to learn trading i always knew pin bars and tweezer tops/bottoms
were important signs, but i thought it was too easy, so threw every indicator known to man on the chart, then couldnt see
the pins through the trees, i just want to thank you for making me go naked, i am bringing home them pips like a jackal.
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magdelen wrote:CJ
for almost 5 yrs i have been trying to learn trading i always knew pin bars and tweezer tops/bottoms
were important signs, but i thought it was too easy, so threw every indicator known to man on the chart,
then couldnt see the pins through the trees, i just want to thank you for making me go naked, i am bringing
home them pips like a jackal.
Glad to hear that you are bringing home those green pips! That's what it's all about. It gives you a new look on life and
your attitude towards trading takes on a different tone.
Are you a good cook?
CJ
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This is incredible stuff................. I feel like the proverbial kid in the candy store but instead I'm riding up the hill with
foxy and now riding down again. And to think I used to spend hours reading what the great talking heads were expecting
from a news release........
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Lara wrote:This is incredible stuff................. I feel like the proverbial kid in the candy store but instead
I'm riding up the hill with foxy and now riding down again. And to think I use to spend hours reading what
the great talking heads were expecting from a news release........
And they think what they have to say actually makes a difference! What to expect from "news" is deceit and deception
from the fox.... it's his clue to start raiding the hen houses around the world.... just follow along and let the others watch
TV and the analysts....they're all lost in the fog....
CJ
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by magdelen » Wed Mar 20, 2013 7:27 am
Captain Jack wrote:
magdelen wrote:CJ
for almost 5 yrs i have been trying to learn trading i always knew pin bars and tweezer
tops/bottoms
were important signs, but i thought it was too easy, so threw every indicator known to man on
the chart, then couldnt see the pins through the trees, i just want to thank you for making me
go naked, i am bringing home them pips like a jackal.
Glad to hear that you are bringing home those green pips! That's what it's all about. It gives you a new look
on life and your attitude towards trading takes on a different tone.
CJ
Ahh i am the best, been cooking fox stew lately
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magdelen wrote:
Captain Jack wrote:
magdelen wrote:CJ
for almost 5 yrs i have been trying to learn trading i always knew pin bars and
tweezer tops/bottoms
were important signs, but i thought it was too easy, so threw every indicator
known to man on the chart, then couldnt see the pins through the trees, i just
want to thank you for making me go naked, i am bringing home them pips like a
jackal.
Glad to hear that you are bringing home those green pips! That's what it's all about. It gives
you a new look on life and your attitude towards trading takes on a different tone.
CJ
Ahh i am the best, been cooking fox stew lately
That will do! I never get enough of that!
CJ
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by GT3RS » Wed Mar 20, 2013 8:38 am
Hi all,
Just catching up on this thread. I'm at page 46, so forgive me if this has been covered since then!!!
Some of you may find it useful to visualise the pinning easier from a lower timeframe.
I have attached a custom candle indicator which allows you to look at H4 candles on an M15 chart [or any other
timeframe for that matter].
Importantly, you can adjust the H4 candles to suit GMT - as the Captain said he prefers charts showing set at GMT.
It's interesting to look at an M15 chart with H4 candles overlaid. You can see the pinning on the H4 AND the W or M
formations on the M15 at the same time.
It made this concept much easier for me to see, so hope someone else finds it useful!
Now back to some studying!
Cheers,
Rob
CustomCandle6.ex4
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Caught a lot of the "meat" for this move...a few pending orders still set....heading for a nap....this is going to move back
and forth for a some time yet....
I lied...still baggin' em!
CJ
another composit with canceled orders cut
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by Mescalitofx » Wed Mar 20, 2013 9:09 am
Hi Guys, i think this could be usefull to see the spread widening, track the foxy making pinbars. where u can never get
filled but Foxy does.
http://codebase.mql4.com/6183
get the indicator from there.
open charts u trade with your favorite pair on the TimeFrames u want to track it. it will create .dat files that store this info
on your system. so they never change after wards. u need to be connected always to record the spread.
CJ can maybe give additional info about what to look for when the spread widening happens. itought it was PinBars. and
STOPHUNTS
btw: i am in sell on GbpJPY, we have 3 legs, i see the fox doing some maneuvers to kill the stoplosses.
hehehe
...
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I knew the yen pairs were going up today, there was a nice first leg yesterday for a smaller W which I could have traded
with a tight 40pip SL this morning but decided not to. I could have got some decent pipage.
.
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by Lifesys » Wed Mar 20, 2013 12:07 pm
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 (29.28 KiB) Viewed 324 times
B.png (39.32 KiB) Viewed 324 times
Magnified Market Price+ADR.mq4

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by Kruspe » Wed Mar 20, 2013 12:08 pm
Guys, I love this.. I´m still learning principles etc, but I can say for sure this is it - the right and probably only way how to
trade with consistent profit. Yes, it is hard to understand to the market and what is behind the price´s moves.. there is no
wonderfull indicator to tell you it´s time to buy/ sell.. it´s only you and price, no distraction.. Of course I had a few bad
trades with SL (usually my fault, tight stops.. but nevermind).. little sumarry of yesterday´s trades. It´s getting to be better
every day.
(+) 32,35,24,17,34,15,10
(-) 8, 11
Captain, you´re the STAR

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by lhDT » Wed Mar 20, 2013 12:48 pm
Who got tremendous plans ahead of FOMC ?
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by alex_forex » Wed Mar 20, 2013 1:08 pm
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.]
A.png
B.png
Thanks Lifesys, great tool
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Just a quick look on EUR/USD
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by BritShrtHair » Wed Mar 20, 2013 1:39 pm
Kruspe wrote:Just a quick look on EUR/USD
also, EURUSD, H4 shows start of second leg M.
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by biganc » Wed Mar 20, 2013 2:23 pm
Here is an ADR calculator that I find helpful.
TSR-Daily Range Calculator .mq4

ADR calculator
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by hawassy » Wed Mar 20, 2013 2:36 pm
XAG/USD daily
There was a SL hunt half an hour ago (and some more in the past few days) and I've joined to the bulls.
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by hawassy » Wed Mar 20, 2013 2:57 pm
EUR/SGD daily
What do you think? Maybe it's just a dream not the truth...
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Jeez.. it´s like a darkmagic ... guys, did you take easy 15-20 pips after pin? Exit before choppy Asia session.
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by BritShrtHair » Wed Mar 20, 2013 5:51 pm
Kruspe wrote:
Jeez.. it´s like a darkmagic ... guys, did you take easy 15-20 pips after pin? Exit before choppy Asia
session.
I did, feels strange still, when foxie is doing his thing and knowing/chances are high he's playing tricks
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Great BritShrtHair ...btw another +20 pips, NZDCHF, LOD - W and up .. there was more than 20 pips..
nevermind, better than SL, right... gonna sleep.. have to be fresh on London
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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
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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.]

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
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Those are some nice charts Kruspe.

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
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BritShrtHair wrote:
also, EURUSD, H4 shows start of second leg M.
Yep, showing 2 levels down from the last peak high....
CJ
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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!
CJ
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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
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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!
AUD had a nice spike...anybody short it? I did!
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
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by sdouglas3 » Wed Mar 20, 2013 11:05 pm
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
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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
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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
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by nanningbob » Thu Mar 21, 2013 1:31 am
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.
I trade HGI,
Robbins
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by nanningbob » Thu Mar 21, 2013 1:38 am
I had one guy compare me to a golfer with a bag full of clubs. I would assess my lie and then pull the appropriate club
out for my swing at the market.
I trade HGI,
Robbins
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AUDNZD for consideration....
CJ
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USDCAD....
CJ
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AUDCAD...talked about this one heading towards the Level 3 high....nice "M" with pins up high....
CJ
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NZDJPY...."W" to an "M"...pins up high....
CJ
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Look for the mid week reversals with the payoffs for the fox on Thursday and Friday....
CJ
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nanningbob wrote:I had one guy compare me to a golfer with a bag full of clubs. I would assess my lie
and then pull the appropriate club out for my swing at the market.
My bag used to only hold a driver and 3 wood....I have since added a 7 iron and a wedge...
CJ

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EURGBP....new peak low....
CJ
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by Logs » Thu Mar 21, 2013 2:29 am
An interesting thread from the Dark Side on Scaling in orders. It is very short, but may be of some use in putting one
over on that Fox.
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Logs wrote:An interesting thread from the Dark Side on Scaling in orders. It is very short, but may be of
some use in putting one over on that Fox.
The script there is similar to the one I use...might come in handy.... thanks!
CJ
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by daje » Thu Mar 21, 2013 3:19 am
Hey CJ
Enjoying the thread. Just want to share a tip i use when looking for reversals. These are minigaps. The 5 min USDCAD
chart shows up volume is patchy and light with MMs haveing trouble fading in the direction they want to go. Whenever I
see a minigap i expect it to be filled within the session. Some brokers close these gaps in the charts so they get hidden
quickly, watch out for that as well. Hope its handy, cheers
minigaps.PNG (9.86 KiB) Viewed 275 times
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daje wrote:Hey CJ
Enjoying the thread. Just want to share a tip i use when looking for reversals. These are minigaps. The 5
min USDCAD chart shows up volume is patchy and light with MMs haveing trouble fading in the direction
they want to go. Whenever I see a minigap i expect it to be filled within the session. Some brokers close
these gaps in the charts so they get hidden quickly, watch out for that as well. Hope its handy, cheers
Thanks for the input Dave. I find myself moving up in time frame more than I do dropping down to the 5M. I'll check it
out sometimes if I see something I'm not familiar with on a higher and want a more detailed look at it.
Every tiny little bit of info or trick might just be the one to make or break a trade. Keep them coming!
CJ
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by mrelectron » Thu Mar 21, 2013 3:55 am
<snip>
Just want to share a tip i use when looking for reversals.
</snip>
I just read the post, and was having a look at the minigap on the 5M USDCAD and it filled.
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by Logs » Thu Mar 21, 2013 3:58 am
Thanks Cap'n. While I was over at the other place, (that shall not be named) I couldn't help taking note of a script that
could possibly help us lesser mortals until we aspire to at least some of your skill and reflex action on reversals.
'Close all on chart and reverse'. Not for the faint hearted but when the blood is up and the fox turns in full flight the other
way, ...............trainer wheels perhaps? This is a bit beyond my expertise at the moment, but I'm working on it.
Great thread and many thanks to everyone.
"Gives you a whole new way of looking at the day" Billy, Easy Rider, 1969
nn.V2
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Looks like it's gonna be another one of those days....yesterday was a Pound kinda of day...today, it's starting out like a
EUR day...
GBP "news" due as well in 30min....
CJ
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Logs wrote:Thanks Cap'n. While I was over at the other place, (that shall not be named) I couldn't help
taking note of a script that could possibly help us lesser mortals until we aspire to at least some of your skill
and reflex action on reversals.
'Close all on chart and reverse'. Not for the faint hearted but when the blood is up and the fox turns in full
flight the other way, ...............trainer wheels perhaps? This is a bit beyond my expertise at the moment, but
I'm working on it.
Great thread and many thanks to everyone.
"Gives you a whole new way of looking at the day" Billy, Easy Rider, 1969
nn.V2
Those come in handy too...especially when the market is moving fast. I think the Cowboy IBFX platform comes with
some nice scripts that work very well...
CJ
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Chalk up the "RED" to operator error....I really need to rename my scripts as the BUY and SELL sit next to each other
in the window....costly mistakes....still making them....
CJ
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Keep an eye on EURCHF and EURCAD...if price returns to the lower level, forms the 2nd leg of the "W", the trade
should run for a couple days...I'll be LONG both pair....
CJ
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by Jemook » Thu Mar 21, 2013 5:54 am
Captain Jack wrote:Looks like it's gonna be another one of those days....yesterday was a Pound kinda of
day...today, it's starting out like a EUR day...
CJ
That statement is the stuff of legends mate. How many lots do you trade on average a month?
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Jemook wrote:
Captain Jack wrote:Looks like it's gonna be another one of those days....yesterday was a
Pound kinda of day...today, it's starting out like a EUR day...
CJ
That statement is the stuff of legends mate. How many lots do you trade on average a month?
Check your PM....
CJ
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by casapips » Thu Mar 21, 2013 6:36 am
Captain Jack wrote:EURGBP....new peak low....
CJ
Mon Capitaine,
It looks like level 3 is not reached yet?
Many thanks CJ..
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casapips wrote:
CJ
Mon Capitaine,
Many thanks CJ..
I believe the stop hunt in this pair, due to the GBP move yesterday, clouds or dirties the pattern in this pair. It is
responsible to the correction yesterday. The peak low may have just been reached...
CJ
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Captain Jack wrote:Keep an eye on EURCHF and EURCAD...if price returns to the lower level, forms
the 2nd leg of the "W", the trade should run for a couple days...I'll be LONG both pair....
CJ
Ordering those shoes here...LONG EURUSD, EURCHF, EURCAD and "W"'s appear to be printing on several other
EUR pair....
Looking for more than 50 pips on these trades....
CJ
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by casapips » Thu Mar 21, 2013 6:56 am
Captain Jack wrote:
casapips wrote:
CJ
Mon Capitaine,
Many thanks CJ..
I believe the stop hunt in this pair, due to the GBP move yesterday, clouds or dirties the pattern in this pair.
It is responsible to the correction yesterday. The peak low may have just been reached...
CJ
I was thinking about stop hunt too as the root cause..

Merci
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casapips wrote:
Captain Jack wrote:
casapips wrote:
CJ
Mon Capitaine,
Many thanks CJ..
I believe the stop hunt in this pair, due to the GBP move yesterday, clouds or dirties the
pattern in this pair. It is responsible to the correction yesterday. The peak low may have just
been reached...
CJ
I think I posted a chart a few pages back that had a stop hunt hidden in the "W" pattern...
No large news stop hunts today....out for a few hours....
EURCHF and EURUSD!
CJ
I was thinking about stop hunt too as the root cause..

Merci
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by Kruspe » Thu Mar 21, 2013 7:20 am
Previous night trades as I notified (short JPY pairs)
EJ + 35
GJ + 55
NJ - 39
Now I closed ECH + 10, missed nice W on EU and still watching EG, EC closely
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Ehm, as I see Captain´s chart and his orders... there is a alway something to learning
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GBPCHF looks promising
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Btw it looks like RRT on AUDUSD, EURAUD, EURNZD, AUDCHF.. waiting for reversal moves.
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Yop CJ,
What about that ? I'm short and when I see all those "long" trades I'm becoming a bit confused
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by johnsund » Thu Mar 21, 2013 10:15 am
Hi CJ - here is a snap of the H4 NZDJPY. Have 5 pins to the high, which would indicate a down move is coming. But,
only 3 levels of rise. So we would anticipate another level of rise, correct? Also, if the current 5 candles were after a 3rd
leg is formed, where would you enter? At the break of the lowest wick in the group or some other point.
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lhDT wrote:Yop CJ,
Closed my shorts for +27 & +6 and opened a long.

That's a "W"
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by mjws00 » Thu Mar 21, 2013 12:10 pm
I see much more handiwork was accomplished. Some pretty charts too.
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by Mescalitofx » Thu Mar 21, 2013 1:52 pm
beginning to see more
my profitfactor is 11.89 now doing 40 trades.
hard to break the record of CJ, but if i can keep it like this, i am very happy.
still fighting to stay longer in the trade. i need to get acostumed to get so much pips from the tables. when i get 2 % i
prefer to bailout and take my profits.
drowdown was max 0.25 % and the gain 3.08 (for 3 weeks)
Next step: persistence do the same month by month....
the spread monitor is a cool thing since you see if it was the fox triggering it.
look arround marketclose(1 min before) spread widening.
another nice effect on the GBPJPY, i saw several spikes down of 80 pips. foxy pushing till TL and going back up. with a
spread increase the last days.... cool. seeing troughing the smoke litle by litle...
...
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by sdouglas3 » Thu Mar 21, 2013 1:55 pm
What an eye opening fox hunting thread. Been lurking the first 112 pages of this thread.
Demo'd on mt4 last night on 5 min chart. Two words? I sucked. First, being on a 5 min chart doesn't work (for me).
Second, I kept placing trades anticipating with what I thought was a M or W. The smaller time frame I think skewed my
look on the market.
Lesson learned: Use higher time frame, 15 minute minimum. For me, I have to zoom out the screen to see the chart on a
bigger scale. This helps me see where the fox is going eat next.
Will give it another go! Bet my numbers will improve. Glad it was a demo account.
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Mescalitofx wrote:beginning to see more

Awesome !
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sdouglas3 wrote:Demo'd on mt4 last night on 5 min chart. Two words? I sucked.
All you got below M15 is pain and suffering !
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by websie » Thu Mar 21, 2013 2:44 pm
Been lurking for a while, LOVING naked trading, 95 pips from CADJPY today off the Daily, beautiful M and naked
trading keeps me cool
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None of my patterns want to complete. I think they are going to range.

.
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CJ are we ready for a last PUSH up to form the 3 rise UP on <GBPJPY> before a Good DROP.
check how it is forming A BIG M on the higher TF. we are in /\ needs / up now i think....
blue are smaller TF for 15 min.
...
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Hi guys, how did you manage your trades today ? I made only 25 pips (3 trades).. Today´s market was unreadable for
me...probably because of many sideways moves etc. Btw I can´t open trade and stay looking at chart... This way of
trading ruins my profits because I always close my positions sooner than they reach TP. ... When I want to get better
results I have to set TP/SL and go somewhere else - proved
Tomorrow is the new day

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johnsund wrote:Hi CJ - here is a snap of the H4 NZDJPY. Have 5 pins to the high, which would indicate
a down move is coming. But, only 3 levels of rise. So we would anticipate another level of rise, correct?
Also, if the current 5 candles were after a 3rd leg is formed, where would you enter? At the break of the
lowest wick in the group or some other point.
Took some time off today....yes, the pins indicate downward pressure....here's an update...
There was a stop hunt that took place and a long downward pin formed. This indicates another up leg, possibly to test
the previous high....it the 3 level completes, a large "M" is forming....this could be the sign for a nice break lower off the
peak high.....we need to watch for the old highs to hold or break. If the old high is held, then price should drop. If a new
high is established, price may continue upwards...
CJ
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Kruspe wrote:Hi guys, how did you manage your trades today ? I made only 25 pips (3 trades).. Today´s
market was unreadable for me...probably because of many sideways moves etc. Btw I can´t open trade
and stay looking at chart... This way of trading ruins my profits because I always close my positions sooner
than they reach TP. ... When I want to get better results I have to set TP/SL and go somewhere else -
proved
Tomorrow is the new day
I didn't take as many trades today as I took some time off. Set some this morning and left them to their own accord. Had
a couple stop out as well as several hitting the 50 pip TP targets after some early morning success...
I should have left the 50 pip target for the EUR pair and they would have closed at that level. However, when I placed
those trades, I removed the TP levels as I expected stronger moves into Friday. The trades are still open as placed.
There was a very large put option for 900million Euro in the London session.... it has a 2 week expiration date....????
CJ
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lhDT wrote:
lhDT wrote:Yop CJ,
What about that ? I'm short and when I see all those "long" trades I'm becoming a bit
confused
Closed my shorts for +27 & +6 and opened a long.

That's a "W"
Saw your earlier post on the "W" Lio....you are doing it right.
Many times, I'll take early entry on the 1st legs and cash out at times in the middle, but this morning, I set my longs and
left them to their own...could have had an easy 50 pips on all of them, but they are still open....
Nice work! I think you are getting the hang of it!
CJ
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Mescalitofx wrote:beginning to see more
hard to break the record of CJ, but if i can keep it like this, i am very happy.
still fighting to stay longer in the trade. i need to get acostumed to get so much pips from the tables. when i
get 2 % i prefer to bailout and take my profits.
Next step: persistence do the same month by month....
the spread monitor is a cool thing since you see if it was the fox triggering it.
look arround marketclose(1 min before) spread widening.
another nice effect on the GBPJPY, i saw several spikes down of 80 pips. foxy pushing till TL and going
back up. with a spread increase the last days.... cool. seeing troughing the smoke litle by litle...
There's no race here Gerry. Goal is to add profit to account and knowledge to person. I think you are moving in the right
direction.
Don't get locked into one time frame. There is a bigger picture out there that helps with all trades taken. Level count is
key is finding the best setups. When you do find one, hammer it hard, from one end to the other.
The smoke lightens each day until one day, all you have left is the clear blue sky!
CJ
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lhDT wrote:
sdouglas3 wrote:Demo'd on mt4 last night on 5 min chart. Two words? I sucked.
All you got below M15 is pain and suffering !
I've heard that somewhere before Lio...
CJ
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Mescalitofx wrote:CJ are we ready for a last PUSH up to form the 3 rise UP on <GBPJPY> before a
Good DROP.
check how it is forming A BIG M on the higher TF. we are in /\ needs / up now i think....
blue are smaller TF for 15 min.
I think that's a good trading plan for GBPJPY....it could test the previous high after the 3rd push higher... I'm long the
pair as well...
CJ
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lhDT wrote:Yop CJ,
Good call Lio. Trade them both ways. I took entry on the 1st pin to the downside and hit it well...should have kept my
50 TP target but didn't plan to be around today so I took it off to let them run if they did. I'm still long....
CJ
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naaah not in mood to race. I really am baffled by the wisdom u have. I want to learn to be persistent and be able to
repeat this over and over. by falling and standing up again. I really appreciate the time and wisdom u share with us. just
want to be a sponge and absorb. trading papermoney and saving some small money to open a small live account.
...
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Taking a position on USDJPY off the low pin.... it may test it later....
CJ
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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
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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
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GBPAUD looks like it has completed 3 levels of drop on the D1...H4 setting up nice for a run higher...
CJ
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by Lara » Fri Mar 22, 2013 1:46 am
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
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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.
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Lara wrote: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
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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
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Captain Jack wrote:Taking a position on USDJPY off the low pin.... it may test it later....
CJ
USDJPY testing yesterdays low.....
CJ
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Captain Jack wrote:
Captain Jack wrote:Taking a position on USDJPY off the low pin.... it may test it later....
CJ
CJ
I expect a move lower on the Yen-Pairs
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Cable
In previous Sell-Zone... but for me pushing higher.
Edi
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Aussie forming a M on the 4h TF?
Edi
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swisscheese wrote:
Captain Jack wrote:
Captain Jack wrote:Taking a position on USDJPY off the low pin.... it may test
it later....
CJ
CJ
Nice Reversals (15 TF) are forming on the Yen-Pairs.
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swisscheese wrote:Cable
Edi
Looking like a head and shoulders there as well....
CJ
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swisscheese wrote:
swisscheese wrote:
Captain Jack wrote:
Captain Jack wrote:Taking a position on USDJPY off the low

pin.... it may test it later....
CJ
CJ
50 pips would make me happy!
CJ
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Captain Jack wrote:
swisscheese wrote:Cable
Edi
Looking like a head and shoulders there as well....
CJ
A nice inverse SHS, yes.
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Nice pattern....EURCAD...... off the low...
CJ
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Captain Jack wrote:
swisscheese wrote:
swisscheese wrote:
Captain Jack wrote:
Captain Jack wrote:Taking a position on USDJPY

off the low pin.... it may test it later....
CJ
CJ
CJ
The Jen-Pairs look heavy...

I take the short way.
Edi
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swisscheese wrote:
Captain Jack wrote:
swisscheese wrote:
swisscheese wrote:
Captain Jack wrote:
Captain Jack wrote:Taking a position

on USDJPY off the low pin.... it may
test it later....
CJ
CJ
CJ

Edi
You can take it short after I get my 50 back to the 50...
Good luck to us!
CJ
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What do u think about an AU short ?

- We have that M at the top
- On a trendline
- That huuuuuuuuge triangle started on july 2011
Comments welcome.
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lhDT wrote:What do u think about an AU short ?

- On a trendline
Comments welcome.
Kinda of in the same shape as NZDUSD....worth monitoring....
Edi put the H4 chart up a few posts back....
CJ
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Captain Jack wrote:
swisscheese wrote:
Captain Jack wrote:
swisscheese wrote:
swisscheese wrote:
Captain Jack wrote:
Captain Jack
wrote:Taking a position on
USDJPY off the low pin....
it may test it later....
CJ
CJ
CJ

Edi
Good luck to us!
CJ
Wow Hellfire on this Pair, you guys shoot this thing down...
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swisscheese wrote:
Captain Jack wrote:
swisscheese wrote:
Captain Jack wrote:
swisscheese wrote:
swisscheese wrote:
Captain Jack wrote:
Captain
Jack
wrote:Taking
a position on
USDJPY off
the low pin....
it may test it
later....
CJ
USDJPY testing
yesterdays low.....
CJ
CJ

Edi
Good luck to us!
CJ
Wow Hellfire on this Pair, you guys shoot this thing down...
Don't shoot to much, maybe it falls down
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Captain Jack wrote:

- On a trendline
Comments welcome.
CJ
Oh yeah got it. Added 2 limits.
limits.jpg (21.67 KiB) Viewed 142 times
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by stevelacoste » Fri Mar 22, 2013 3:44 am
Hi Captain could you help me ascertain which way the EUR/NZD pair may go
Thanks Steve
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YEN-Pairs
On the 60TF the Candles are forming Pinbar to the upper side.
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swisscheese wrote:YEN-Pairs
Edi, could you explain me how you set your trades ?

Based on your charts, I would rather go long on all of them (maybe not now but in the next few bars probably). All at
resistance lvl.
What kind of targets are you aiming for ?
Am I missing something ?
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stevelacoste wrote:Hi Captain could you help me ascertain which way the EUR/NZD pair may go
Thanks Steve
Looks a lot like the EURCAD pair and I'm long several EUR pair....I have a small position LONG on EURNZD as
well....
CJ
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Captain Jack wrote:
stevelacoste wrote:Hi Captain could you help me ascertain which way the EUR/NZD pair
may go
Thanks Steve
Looks a lot like the EURCAD pair and I'm long several EUR pair....I have a small position LONG on
EURNZD as well....
CJ
Swap long on EURNZD is too expensive for me
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Captain Jack wrote:

- On a trendline
Comments welcome.
CJ
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I'm seeing them to the bottom of the candles Edi....???

The D1 could be forming RRT's
CJ
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Captain Jack wrote:I'm seeing them to the bottom of the candles Edi....???
CJ
USDJPY: Is foxie playing with our minds ?
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by mobthehop » Fri Mar 22, 2013 4:21 am
CJ,
first off - thanks for your continued posting of charts - very helpful....

Good luck to us!
Let's say the first 5 pending orders have been converted to buys, then the UJ reverses... Sorry I do not mean to pour oil
on the flames, just saw the UJ drop!!!
1. Do you set your open orders to BE when the next pending is converted?
2. Do you close all on reversal, if yes, when? or
3. Do you let them go into DD till your initial SL (first order minus 10-15 pips?) is hit...
Would you pls consider to attach the following indicator to your "training charts":
- it places an arrow for every order entry
- it shows where all orders were closed
- shows pips profit / loss per order (might not work correctly on all Metals, etc as I have not added the proper
PipFactor conversion yet)
- it shows breakeven line (if some orders in loss, others in profit)
- after close of orders it prints total pip profit / loss at bottom of screen
This was coded by blubb over at kreslik a long time ago....
Cheers & thanks for taking the time to answer my questions..
Mop
Blubbb_ShowOrders.mq4
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lhDT wrote:

Based on your charts, I would rather go long on all of them (maybe not now but in the next few bars
probably). All at resistance lvl.
It was a feeling, the way the charts looked like.
The levels where already bounce levels so good entry points.
So I had 2 choices:
1. Trade what I see (the Bounce level)

Or
2. Trade what I feel.
It's hard to explain, sorry.

Edi
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BritShrtHair wrote:
Captain Jack wrote:I'm seeing them to the bottom of the candles Edi....???
CJ
USDJPY: Is foxie playing with our minds ?
Not really, I go early a lot of the time....supposed to wait for the 25-50 pip move above or below the Asian range...
Usually happens over 3 candles or 3 pushes out of the range....
CJ
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GBPJPY on a bounce level
CADJPY at the weekly low (make or break)
Edi
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swisscheese wrote:
lhDT wrote:

Based on your charts, I would rather go long on all of them (maybe not now but in the next
few bars probably). All at resistance lvl.
So I had 2 choices:

Or

Edi
OK got it, that's why I don't get it

We can see the level etc, the feelings is harder
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mobthehop wrote:CJ,

Good luck to us!
Let's say the first 5 pending orders have been converted to buys, then the UJ reverses... Sorry I do not
mean to pour oil on the flames, just saw the UJ drop!!!
- shows pips profit / loss per order (might not work correctly on all Metals, etc as I have not added the
proper PipFactor conversion yet)
Mop
I don't think the indicator is going to work too well with the number of trades that I place....and I really don't want to
look at all of that....
CJ
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by mjws00 » Fri Mar 22, 2013 4:57 am
Heh.
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by mobthehop » Fri Mar 22, 2013 4:58 am
CJ - noted with thanks!!
Cheers
Mop
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mobthehop wrote:CJ,

Good luck to us!
Let's say the first 5 pending orders have been converted to buys, then the UJ reverses... Sorry I do not
mean to pour oil on the flames, just saw the UJ drop!!!
- shows pips profit / loss per order (might not work correctly on all Metals, etc as I have not added the
proper PipFactor conversion yet)
Mop
When I'm trading this scale in script, it has a set 50 TP and 50SL....there is also a recovery trade, of larger size, set at a
lower limit...the SL is a hard stop on these trades...
When trading larger lot size and smaller number or orders, I will manage the trade and price action will dictate when I
close it once put on. It could be a 20 lot trade where I am looking for 5-10 pips...it all depends on the trade, the time
frame and what I expect from it.
When trading larger lots on higher time frames, I will set a hard stop and take free trades to protect my capital.
Is there a set of rules I can provide you for each trade....no. I'm a trader and it's how I trade. What I do as far as money
management isn't going to work for others.
Learning the patterns and the meaning behind them is what's important. Once you do, you can modify your trading, use
larger orders with the same risk as before and increase your R:R value for the trades.
CJ
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swisscheese wrote:
lhDT wrote:

Based on your charts, I would rather go long on all of them (maybe not now but in the next
few bars probably). All at resistance lvl.
So I had 2 choices:

Or

Edi
It's always best to go with your 1st instinct.... I know what you mean Edi....I like to think of it as being in rhythm with the
chart.... sometimes you just feel it, especially if you trade a small number of pairs and get to know them very well.
CJ

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Casino Royal
Traded with small Lots...
Not really professional such an exposure,

that's why it's called casino royal...
I close all these Trades now

Edi
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AUDUSD
Watch List
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Captain Jack wrote:
swisscheese wrote:
lhDT wrote:

Based on your charts, I would rather go long on all of them (maybe not now but
in the next few bars probably). All at resistance lvl.
So I had 2 choices:

Or

Edi
It's always best to go with your 1st instinct.... I know what you mean Edi....I like to think of it as being in
rhythm with the chart.... sometimes you just feel it, especially if you trade a small number of pairs and get to
know them very well.
CJ
That is what I wanted to say!

Thank you
Don CJ
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mobthehop wrote:CJ - noted with thanks!!
Cheers
Mop
On this time frame, 50 pips is a great target. I was trading the big swings in the GBP pairs the other day and hitting them
up and down. There will come a time, when the full fifty isn't going to happen. When it does, I will close the order
manually. When does that happen? According to the price action. There is no set point. I look for the same things we
discuss here. The reversal patterns.
On the higher time frames, I look to areas where I expect price to pause or retrace, then decide to either close the trades
and reload after the retrace or just wait and add trades after the retrace. It all depends on the situation at the time.
With the scale in script. All orders close at TP or BE... the backup order has a different SL and TP...and it's triggers are
different than the scale in orders.
CJ
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by mjws00 » Fri Mar 22, 2013 5:26 am
Heh. You guys make me feel like a slacker. I grabbed one JPY short. GBPUSD chopped BE+. AUDNZD closed BE-.
Scares me when I see the captain loading long when I am short .
I must be 50 trades behind by now.

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EURGBP
EURUSD a bit Stronger then Cable
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Anybody following this one....GBPNZD.... watch for a stop hunt then a drop....
CJ
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Hi CJ and all
Does anyone have a script to close all orders and pendings on 1 chart ???
Amazing teaching thanks
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mjws00 wrote:Heh. You guys make me feel like a slacker. I grabbed one JPY short. GBPUSD chopped
BE+. AUDNZD closed BE-. Scares me when I see the captain loading long when I am short .
I must be 50 trades behind by now.
LOL....don't let me scare you away....I'm not spending enough time in the charts when posting...missed the little bump on
the GBPNZD chart....wanted to get in up at that bump....
CJ
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eltax100 wrote:Hi CJ and all
Does anyone have a script to close all orders and pendings on 1 chart ???
Amazing teaching thanks
Try these.....
CJ
Scripts.rar
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Okay I'm in the following pairs:
GCHF
GU
AU
NU
CADJ
UCHF
EG
EA
EN
EU
I hope it all works out as intended lol
I may come out of CADJ shortly, I jumped on the yen bandwagon, but I'm not feeling it.
.
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swisscheese wrote:AUDUSD
Watch List
I try it here short
Edi
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Stops hit low then high....looking to take the return trip here....
CJ
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by stevelacoste » Fri Mar 22, 2013 7:01 am
Hi Captain can you tell me your reasons for going long on EUR NZD
Thanks Steve
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Captain Jack wrote:Stops hit low then high....looking to take the return trip here....
CJ
The GU looks similar - gonna hop on if the second leg of the M looks like its forming.
CJ do you ever use a currency strength meter? Just had a thought that this could be a neat way of selecting currencies for
the session i.e. all currencies at max readings should be good candidates for a bounce?
Lara
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So far, so good....EUR pairs are coming home...still holding those orders from yesterday....
You don't have to or need to trade this way....I've said it before that you the idea is to make money. You can make the
same amount of money by trading a smaller number of currency pairs, but trading a larger lot size. Too many people get
hung up on pips. I can earn as much on 10 pips as I can 10000 pips.
It is far easier to trade a couple pair, get familiar with them and trade larger lot sizes. Less to worry about, less to tend to
and take care of.
I do this to make a point and don't always trade this way. As a matter of fact, I very seldom trade this way.
The patterns are the same. It doesn't matter what pair, or what time frame. The patterns are what is important. Once you
learn those, all the hard work is done.
Find one pair at the right level, right cycle and right pattern and hammer the hell out of it.
I won't be doing this next week. Gonna slow it down and size it up.
CJ
Closed out a few manually
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CJ,I still don't understand how to put all those limits/stops at 5 or 6 pip from each others.
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Captain Jack wrote:So far, so good....EUR pairs are coming home...still holding those orders from
yesterday....
You don't have to or need to trade this way....I've said it before that you the idea is to make money. You
can make the same amount of money by trading a smaller number of currency pairs, but trading a larger lot
size. Too many people get hung up on pips. I can earn as much on 10 pips as I can 10000 pips.
It is far easier to trade a couple pair, get familiar with them and trade larger lot sizes. Less to worry about,
less to tend to and take care of.
I do this to make a point and don't always trade this way. As a matter of fact, I very seldom trade this way.
The patterns are the same. It doesn't matter what pair, or what time frame. The patterns are what is
important. Once you learn those, all the hard work is done.
Find one pair at the right level, right cycle and right pattern and hammer the hell out of it.
I won't be doing this next week. Gonna slow it down and size it up.
CJ
CJ, wonderfull trading!
Congartulation!
It is always a pleasure to see the way you trade.
I like it a lot to trade "with you".
Cheers
Edi
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lhDT wrote:CJ,I still don't understand how to put all those limits/stops at 5 or 6 pip from each others.
You don't have to Lio....just use one or 2 with larger lot sizes....I'm using a script that does it for me...
I'll get away from that next week... trading this way generate pips out the a$$...you don't need to do that....I'll show you
next week...
There was also a scale in script added to the thread here that would let you scale in orders by pip distance. This one
works well for 50 pips on the 15M TF.
The one I use is copyright so I can't post it. Sorry.
John
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Lara wrote:
CJ
CJ do you ever use a currency strength meter? Just had a thought that this could be a neat way of selecting
currencies for the session i.e. all currencies at max readings should be good candidates for a bounce?
Lara
No. Those tend to be CPU intensive and I already run 4-5 MT4 terminals on my laptop now.
If you find it useful to locate a pair that might be ready to swing into action, by all means use it. I trade patterns and pins,
knowing what's behind them.
Find a pair that's ready to move and look for the patterns.
CJ
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Jen Pairs are riding a Rollercoaster...

Very nice Swings!
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Captain Jack wrote:
Lara wrote:
Captain Jack wrote:Stops hit low then high....looking to take the return trip
here....
CJ
CJ do you ever use a currency strength meter? Just had a thought that this could be a neat
way of selecting currencies for the session i.e. all currencies at max readings should be good
candidates for a bounce?
Lara
No. Those tend to be CPU intensive and I already run 4-5 MT4 terminals on my laptop now.
If you find it useful to locate a pair that might be ready to swing into action, by all means use it. I trade
patterns and pins, knowing what's behind them.
Find a pair that's ready to move and look for the patterns.
CJ
Thanks for the response. I was looking at the UJ trade earlier and one can see on my meter (JPY = white line) that
approx 4 hrs ago the Jpy was maxing out at a reading of 8+ after which foxy brought it down
Anyway just an observation - the way you trade leaves me intimidated and gob-smacked so you definitely dont need
any new toys!
Regards,
Lara
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I hope Snowman doesn't mind, I stole a chart he posted in Bob's thread:
Perfect example of the fox at work and the reaction of the retail trader. Multiply this 10's of thousands of times and you
start to understand....stuck in the pins and going the wrong way.....notice the entry on the 3rd push lower out of the
range...convinced this trader to go short....
The lights should be getting brighter....
CJ
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EURCAD
Is forming a nice Pinbar
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GBPJPY
I like this level!

14 Pips SL trading the Beast...
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AUDNZD
Nice Pinbars
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swisscheese wrote:EURGBP
EURUSD a bit Stronger then Cable
Euro still a bit stronger then Cable
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CJ
I'm with you...
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stevelacoste wrote:Hi Captain can you tell me your reasons for going long on EUR NZD
Thanks Steve
It has everything we have been talking about in the thread... 3 level drop to a new peak low..."W" formation at the
low...pins to the low...RRT formations....correct pattern formation on the 15M, drop out of the range, form a "W", pin to
the low that doesn't take out the old low....all the signs are there....we just have to read them. Look at the chart I posted
of EURCAD with the "nice pattern"...it's the same....
CJ
3-22-2013 8-08-03 AM.png (4.29 KiB) Viewed 215 times
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swisscheese wrote:GBPJPY
I like this level!

14 Pips SL trading the Beast...
Careful on that one Edi....might be some 3 level moves today...the fox needs to make book and will need to move
price...watch for a stop hunt....
CJ
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swisscheese wrote:EURCAD
Watch the stop hunts...price is going to move today.....
CJ
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Captain Jack wrote:
CJ
You are right CJ...
I close my Tradingbook for today!

Flat for the Weekend, BBQ is calling.
Have a nice Weekend.

Edi
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swisscheese wrote:
Captain Jack wrote:
CJ
You are right CJ...


Edi
Enjoy the BBQ...getting ready to make some french toast for breakfast here!
Looking for a 3rd push on these then pullbacks into the close today. Plan to be flat by then and looking for the gap on
Sunday to re-enter.
Have a good one!
John
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Captain Jack wrote:
swisscheese wrote:
Captain Jack wrote:
CJ
You are right CJ...


Edi
Enjoy the BBQ...getting ready to make some french toast for breakfast here!
Looking for a 3rd push on these then pullbacks into the close today. Plan to be flat by then and looking for
the gap on Sunday to re-enter.
Have a good one!
John
Those are Pushing higher...

you're on the right Side!
I couldn't resist and took some longs too.
A nice Breakfast to start a day ist perfect.
Edi
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Last one
EURUSD
This one pays hopefully my T-Bone Steak...

Edi
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So I have caught the moves this morning, will post results later. I'm now out of all my trades. However I am seeing
reversal patterns on some of the pairs I traded. CJ you think it will mess around for a couple of hours and then reverse?
.
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swisscheese wrote:Last one

EURUSD
This one pays hopefully my T-Bone Steak...

Edi
No more risk...
Edi
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by erikskenne » Fri Mar 22, 2013 9:24 am
Commander you have certainly light up round about 1000 bulbs in my way of looking at this forex,
I have been away at work and have to return on monday so I have to read through a lot on this weekend, so whilst you
other enjoy yr BBq I shall study And most of all clean out my computer for approx 600+ indicators courses and other
stuff which I have spent quite a lot of cash on.
Thanks and thanks a gain, I you ever decide to take a trip to sweden drop me hint I shall happily buy you the best beer
ever.
God bless and a nice weekend to all
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I'm tired n I have decided to go flat for the rest of the day. Take my winnings and run
I made 270 pips this morning. My report is attached. Together with 350 on Monday morning, thats like 620 pips for two
mornings work. However I still need alot of practice, and I'm not sure if I can goto mini lots if cant I control my trading
inbetween days like this, I need to figure out how to be patient more or find alternate setups.
I also nearly redid what I did on Monday afternoon, I got excited and went big again and nearly got margin called luckily
I didnt this time.
I think I'm going to continue to follow your advice and stick to 2-3 pairs instead of like 8-10. Switching between all
those charts is exhausting.
Thanks CJ for this thread, you rock!
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erikskenne wrote:I shall happily buy you the best beer ever.
Do you have Belgian beer in Sweden then?

Have a nice weekend.
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JEN Pairs again heavy
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swisscheese wrote:JEN Pairs again heavy
NY Fox in the drivers seat now...stop hunts look to be complete....
CJ
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Angat wrote:I'm tired n I have decided to go flat for the rest of the day. Take my winnings and run
I made 270 pips this morning. My report is attached. Together with 350 on Monday morning, thats like
620 pips for two mornings work. However I still need alot of practice, and I'm not sure if I can goto mini
lots if cant I control my trading inbetween days like this, I need to figure out how to be patient more or find
alternate setups.
I also nearly redid what I did on Monday afternoon, I got excited and went big again and nearly got margin
called luckily I didnt this time.
I think I'm going to continue to follow your advice and stick to 2-3 pairs instead of like 8-10. Switching
between all those charts is exhausting.
Thanks CJ for this thread, you rock!
Nice days work.
Yes, now that you are catching some of the moves, work on choosing the best setups and concentrate on those. It's a
pain in the butt trying to keep track of 10-15 different pairs.
It's easier to find a couple good setups and use a larger lot size, keeping the tight stops. If you are wrong, it cost you a
little, when you are right, you get paid off nicely and it doesn't take 1000 pips to do it.
CJ

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Angat wrote:So I have caught the moves this morning, will post results later. I'm now out of all my trades.
However I am seeing reversal patterns on some of the pairs I traded. CJ you think it will mess around for a
couple of hours and then reverse?
Those were the stop hunts that happen at session change over, and between the 2nd and 3 pushes during a 3 leg
move....
I look for the 3rd leg and then a pullback into the end of the session...to center price, lock traders back into the range
and give the Asian fox something to snack on come Monday.
CJ
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erikskenne wrote:Commander you have certainly light up round about 1000 bulbs in my way of looking at
this forex,
I have been away at work and have to return on monday so I have to read through a lot on this weekend,
so whilst you other enjoy yr BBq I shall study And most of all clean out my computer for approx 600+
indicators courses and other stuff which I have spent quite a lot of cash on.
Thanks and thanks a gain, I you ever decide to take a trip to sweden drop me hint I shall happily buy you
the best beer ever.
Thanks for the kind words. Travel safe and don't hurt your back tossing out all those indicators!
Perhaps one day, I'll take you up on the beer.
CJ
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You did close those UJ shorts didn't you ?
CJ
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The wolf eats well today!
CJ
Cleaned the board
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That's it for me....time for a nap. Closed out everything but a few trades in the AUD pairs that should payoff into the
pullback....
It's been a good day and a great week! Hope everybody has a great weekend!
CJ
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Captain Jack wrote:The wolf eats well today!

CJ
So CJ, these kind of level 3 pushes are normal on a Friday?

Have a great weekend.
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BritShrtHair wrote:
Captain Jack wrote:The wolf eats well today!

CJ
So CJ, these kind of level 3 pushes are normal on a Friday?

Have a great weekend.
Beginning of the week, end of the week, beginning of the session, end of the session....depends on where the money is.
They have to move price to book their profits, then return it to center and lock it in a range. Fridays tend to be more
active for that reason...besides, they want to lock traders in so they can gap price on them. Remember last week?
CJ
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Its been a GREAT week for me. Just waiting to ride with foxy back down into NY consolidation on the GU and I'm
done.
THANK YOU again CJ for leading us all out of the fog
Have a great weekend - you deserve to get that moonshine out of the freezer now
Lara
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by erikskenne » Fri Mar 22, 2013 1:49 pm
BritShrtHair wrote:
erikskenne wrote:I shall happily buy you the best beer ever.
Do you have Belgian beer in Sweden then?

Have a nice weekend.
Sure have!!!
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by pips400 » Fri Mar 22, 2013 2:24 pm
Thanks again to CJ, and all the contributors on this brilliant thread. I've not been able to trade this week because I've
had other work commitments, which is really frustrating because I can't wait to get my share. I have managed however
to keep up with the posts and looks like a lot of light bulbs have been going on, and as a band of traders giving the fox a
bit of come back, not least of all CJ who just seems to be playing and killing it at the same time - that's the future, when
trading becomes routine, and the guesswork is minimized. Time on charts equals more kills Have a great weekend
everyone, Monday will come soon enough.
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by swisscheese » Fri Mar 22, 2013 4:40 pm
Captain Jack wrote:
CJ
Back from my own bbq... Those trades had tight Stops so no Big Deal.
I didn't have much Time to trade so I'm quite happy with the Results.
Edi
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by mjws00 » Fri Mar 22, 2013 5:34 pm
swisscheese wrote:
Captain Jack wrote:
CJ
Edi
I closed em A slightly more cocky version may have reversed as well. The bottom was pretty.
Have a great weekend all. Was fun watching some awesome trades. Mine were mellow and of less volume. Often a
strong start to the week inspires me to take it a little easy and be less vampire like.
Mike
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swisscheese wrote:
Captain Jack wrote:
CJ
Edi
Wipe your chin off...
You were correct in choosing a short when you did and could have taken some pips out of the trade. Be a taker and
take what a trade gives you. I enter early and will take some draw down when I do, as long as I'm confident the trade
decision is still correct. I will also add to my orders at times to speed up recovery from DD.
Two people can be SHORT or LONG between them and still be right. Price will always change course, from rising to
falling and from falling to rising. The key is in the timing.
I took my 50 long and then some and then I took UJ, along with a few others, short, back into the Friday pullback for
another 50 while I slept today.
CJ
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pips400 wrote:Thanks again to CJ, and all the contributors on this brilliant thread. I've not been able to
trade this week because I've had other work commitments, which is really frustrating because I can't wait
to get my share. I have managed however to keep up with the posts and looks like a lot of light bulbs have
been going on, and as a band of traders giving the fox a bit of come back, not least of all CJ who just
seems to be playing and killing it at the same time - that's the future, when trading becomes routine, and the
guesswork is minimized. Time on charts equals more kills Have a great weekend everyone, Monday will
come soon enough.
Thanks for the kind words. It's good to see that some of the people here are beginning to "see" the light and hopefully,
profit from doing so. It does get easier as you go and get the chart time in. Once you realize you don't need the EA's or
the systems or the indicators, you will be surprised at how much more chart time you will have. Your gain comes from
the time you save in the constant hunt for things that just don't work like they should. Do yourselves a favor and quit
looking. No EA or system will ever be able to trade for me like I trade for me. It does not exist nor will it ever.
Funny how you start looking for that Monday open, eh?
CJ
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mjws00 wrote:
swisscheese wrote:
Captain Jack wrote:
CJ
Edi
I closed em A slightly more cocky version may have reversed as well. The bottom was pretty.
Have a great weekend all. Was fun watching some awesome trades. Mine were mellow and of less volume.
Often a strong start to the week inspires me to take it a little easy and be less vampire like.
Mike
Glad to hear you had a good week Mike. Hope next week is as good or better!
CJ
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Im very glad I didnt trade in the afternoon, after my nap I checked the charts and they werent that pretty at all. Congratz
on the pipage guys. Tomorrow I'll post some charts of my potentials for Monday. Feel free to do the same, researching
in advance is so helpful especially to a nooby trader like me.
.
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Lara wrote:Its been a GREAT week for me. Just waiting to ride with foxy back down into NY
consolidation on the GU and I'm done.
THANK YOU again CJ for leading us all out of the fog
Have a great weekend - you deserve to get that moonshine out of the freezer now
Lara
That's good to hear Lara! Always nice to see people making a profit in this business. What we take is but a small drop in
the massive forex market. Taking a few hundred or thousands of dollars a day, pales in comparison to the trillions that
change hands and the profit they take from those transactions.
My pullback trades paid off well as the fox crawled right into my bed as I slept. I've got some AU trades that didn't
close out so I'll have to see how they do come Monday. Gap should go in my favor but spread will determine if they
close on their own when the market opens.
Now, it's time to 'shine!
CJ
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Angat wrote:Im very glad I didnt trade in the afternoon, after my nap I checked the charts and they werent
that pretty at all. Congratz on the pipage guys. Tomorrow I'll post some charts of my potentials for
Monday. Feel free to do the same, researching in advance is so helpful especially to a nooby trader like me.
Directional bias needs to change as price direction changes with the sessions. There is always a pullback into the range
session. Friday's pull back leads to Mondays Asian range session. Stop hunts tend to occur when the session market
makers change over from one session to the next. It's how they lock traders in a range while a different fox takes lead in
the chase. Look at when the stop hunts took place Friday. Between 9-9:30am....when London turns over to
NY....check the charts and remember this....it's a good thing to know.
Dead time is the best time for looking at charts. We don't get distracted by price movement when doing so. Each chart is
a record of what price did...a story if you will. Like any book, if you flip through the pages quickly, the details of the
story are lost. Each page has to be read in order to understand not only the story but the characters that comprise the
story.
Post some charts if you find any interesting stories as I'm sure those here would enjoy reading along!
CJ
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Total profit for the day, CJ? You made some crazy dollars today.
.
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Captain Jack wrote:
Angat wrote:Im very glad I didnt trade in the afternoon, after my nap I checked the charts
and they werent that pretty at all. Congratz on the pipage guys. Tomorrow I'll post some
charts of my potentials for Monday. Feel free to do the same, researching in advance is so
helpful especially to a nooby trader like me.
Directional bias needs to change as price direction changes with the sessions. There is always a pullback
into the range session. Friday's pull back leads to Mondays Asian range session. Stop hunts tend to occur
when the session market makers change over from one session to the next. It's how they lock traders in a
range while a different fox takes lead in the chase. Look at when the stop hunts took place Friday. Between
9-9:30am....when London turns over to NY....check the charts and remember this....it's a good thing to
know.
Dead time is the best time for looking at charts. We don't get distracted by price movement when doing so.
Each chart is a record of what price did...a story if you will. Like any book, if you flip through the pages
quickly, the details of the story are lost. Each page has to be read in order to understand not only the story
but the characters that comprise the story.
Post some charts if you find any interesting stories as I'm sure those here would enjoy reading along!
CJ
Spoken like a true poet! Thanks. I'll do some posting tomorrow. I think one interesting pair will be AUDCAD, I think
we have hit the high on the daily. There is a RTT. We may see a H&S pattern forming on the hourly with a drop during
the london session. I'm not sure but its possible. What you think?
I hear what your saying regarding the reversals, I'm not sure its 100% of the time though. It's a high number I agree. But
are you saying that the reversal into the range is a hell of lot more likely on friday, end of week? Now that I can believe.
I'll check some charts.
.
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I'm going to change my session indicator timings. I know when the sessions are, however I think visually the indicator
might be more useful to me if it only shows the rough time range of when these stop hunts usually occur.
6-9 GMT
12 - 15 GMT
Would you agree that these timings are about right?

.
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Angat wrote:Total profit for the day, CJ? You made some crazy dollars today.
Not every day is like today....you take what they give you.
Don't get hung up on the numbers....after all it's just "play" money. People get distracted by numbers, whether it's high
pip totals or $$$ amounts. Like indicators, they look at something that draws their vision away from what they should be
watching.
I said earlier, I don't link my live accounts anymore. I mirror trades from my real accounts to some of these demo
accounts as well as place trades in the demo that may or may not go into my real accounts. I have 6 real accounts,
spread across many brokers.
I left a very good job with fantastic benefits , that would have paid me over a million dollars for 5 more years. I walked
away from that and this is how I make a living now, at home with my wife. I thank the Lord each and every day for the
ability and opportunity to be able to do so.
Believe me when I say I could bury you under pages of statements with trades of lot sizes of .01
Blew many accounts on the road of my education that way. Not anymore.
CJ
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Angat wrote:I'm going to change my session indicator timings. I know when the sessions are, however I
think visually the indicator might be more useful to me if it only shows the rough time range of when these
stop hunts usually occur.
6-9 GMT
12 - 15 GMT
Would you agree that these timings are about right?
The template Pueo posted has these "gap times" highlighted....the times that the market makers turn control over from
one session to the next.
London to NY is 9:00 to 9:30am

Asian to London is 3:00 to 3:30am
Those are NY times.
CJ
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by Lifesys » Sat Mar 23, 2013 12:58 am
re ScaledInPendingTrades with risk based volume.

CJ
You have inspired me, as a mathematician & grateful learning trader, I jigged a Scaling trade Script (from tigpips FF) to
suit the style we are honing. At a price on a chart, drop a series of scaled-in Pending Orders at preset intervals with SL
& TP. Added features incl fixed(yellow), logarithmic(blue) or linearly(magenta) reducing Vol. for any number of child
pending trades. SL & TP can be same price or relative to each trade start.
Note : This from XLS formula check - not seen in script or chart
ScaleVolume.gif (3.79 KiB) Viewed 599 times
Best feature for learners (like me) is option that Total Volume of series be %Account Risk based, so each trade is auto
calculated relative to total RiskPercent, enabling safer scaling of pending orders whilst we build.
I find this increases confidence to drop a series on the chart. If pending trades do not fire (some missed last night)
invoking ScalingScriptCloseALL can close All(Yes) or delete PendingOnly(No) trades with corresponding
MagicNumber on that sheet.
Strongly advise 'ReadMe' first, if new to scaling. Guide notes attached.
May be useful to others & a way of saying thanks as we work toward our 'green' chart history
Edit - better version here

http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=53669#p53669
Scaling script v1.4.mq4

Scaling script CloseALL.mq4

ScalingTradeReadMe.txt
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by xrismak » Sat Mar 23, 2013 2:44 am
Captain Jack wrote:
pips400 wrote:Thanks again to CJ, and all the contributors on this brilliant thread. I've not
been able to trade this week because I've had other work commitments, which is really
frustrating because I can't wait to get my share. I have managed however to keep up with the
posts and looks like a lot of light bulbs have been going on, and as a band of traders giving the
fox a bit of come back, not least of all CJ who just seems to be playing and killing it at the
same time - that's the future, when trading becomes routine, and the guesswork is minimized.
Time on charts equals more kills Have a great weekend everyone, Monday will come soon
enough.
Thanks for the kind words. It's good to see that some of the people here are beginning to "see" the light and
hopefully, profit from doing so. It does get easier as you go and get the chart time in. Once you realize you
don't need the EA's or the systems or the indicators, you will be surprised at how much more chart time
you will have. Your gain comes from the time you save in the constant hunt for things that just don't work
like they should. Do yourselves a favor and quit looking. No EA or system will ever be able to trade for me
like I trade for me. It does not exist nor will it ever.
Funny how you start looking for that Monday open, eh?
CJ
EL Capitaine CJ,
"Word" , you are right, I stuck a Multi Currency trading EA on one of my MT4 Platforms, after 8 hours of trading it
made about $88.00 profit, I then Procceded to trade Naked eyeballing just the Pins using the W's and the M's as
Guidance and in 1 Hour 48 minutes of trading I got a Return of slightly over $660.00 on a $2300 starting Bank in a Live
Account. This was last week when I posted some of my Trades if you remember. I consider myself quite fortunate to
have gotten on your Naked Trading Thread at it's Inception, what even make's this fun is I am a NOVICE, I believe I
haven't even learnt nothing yet as regards the Naked Trading System , When I am Confident to read and understand the
Charts well enough to place about 10 trades on the same currency Pair Simultanenuosly and make a Profit Consistently,
then I will be satisfied that I have truely learnt the Art of Trading for a Consistent Profit, untill then I am still a Novice but
I am willing to put in the Time and Learn the Foxes Habits and Traits and whatever comes along.
The Truth for me now simply means Understanding what works Consistently to Pile Profits most of the time, In Short I'd
Like to be ABLE TO SPECULATE TO ACCUMULATE WITH CONFIDENCE CONSISTENTLY.
Many Thanks,
xrismak
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by mobthehop » Sat Mar 23, 2013 4:31 am
wow lifesys - now that is cool - will study.....
Thks a bunch!
Mop
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Learning through my mistakes
by ernest02 » Sat Mar 23, 2013 6:14 am
Hi Everybody!
I have been lurking on this thread feeling not ready to participate, because I see myself as scarcely qualified to be the gun
carrier of the junior fox hunters, but when I see how the Captain of the Hunt slays the foxes (he surely is the King of
Traders!) I got excited and decided yesterday to start testing these theories on demo trading and see if I can eventually
see some light. One of my first attempts attached herewith was unsuccessful and I want to learn from my mistakes. My
own opinion why this trade was unsuccessful is based on one or more of the following reasons - and I would really
appreciate some feedback from anyone:
1. There were only two pushes - I should have waited for a third - although I thought that the beautiful M that
formed was enough signal to enter (bit late because I was waiting for confirmation)
2. When I saw no stop hunting or long pin below the support line (drawn on the chart) before the turn in a bullish
direction, I thought it was safe to hang on to the trade, because the fox had no plan to trap any bears
3. Was the setup and entry OK and this is just one of those normal situations when the trade went wrong - which
can be expected to happen 10-20% of the time?
4. Is it more conservative to wait for the break of the previous leg's swing low (the support line on the chart)
before entry or does this just waste pips?
Thank you CJ for your generosity in sharing your experience with us. You are just the most amazing trader.
Ernest
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Re: Learning through my mistakes

by pips400 » Sat Mar 23, 2013 6:55 am
ernest02 wrote:Hi Everybody!

I have been lurking on this thread feeling not ready to participate, because I see myself as scarcely qualified
to be the gun carrier of the junior fox hunters, but when I see how the Captain of the Hunt slays the foxes
(he surely is the King of Traders!) I got excited and decided yesterday to start testing these theories on
demo trading and see if I can eventually see some light. One of my first attempts attached herewith was
unsuccessful and I want to learn from my mistakes. My own opinion why this trade was unsuccessful is
based on one or more of the following reasons - and I would really appreciate some feedback from
anyone:
1. There were only two pushes - I should have waited for a third - although I thought that the
beautiful M that formed was enough signal to enter (bit late because I was waiting for confirmation)
2. When I saw no stop hunting or long pin below the support line (drawn on the chart) before the
turn in a bullish direction, I thought it was safe to hang on to the trade, because the fox had no plan
to trap any bears
3. Was the setup and entry OK and this is just one of those normal situations when the trade went
wrong - which can be expected to happen 10-20% of the time?
4. Is it more conservative to wait for the break of the previous leg's swing low (the support line on
the chart) before entry or does this just waste pips?
Ernest
Hi Ernest welcome to the hunt
I'm no expert but here's my two cents worth
It looks like you were trading off the 1 hour chart, which is fine, but it's good to zoom in to 15 min (I even drop down to
5min to get an real close look) that way you can get a lot more information about price action and what's happening.
In the overall cycle to me it looks like there were two previous pushes so bias was long not short, and in the perfect
world with hindsight we'd have been looking for a stop hunt south or W before the fox heads long again. One of the
ways to determine whether a push is valid is the number of pips, there need to be enough pips (around the ADR but all
rules are more guidelines, so discretion is needed at all times) , so we had two valid pushes (or legs) in the weekly cycle
so a third was a definate possibility.
In terms of priority, first we need the context of where we are in the overall cycle. That could be accumulation, stop
hunt/manipulation, first/second/third phase or ready for the offload/reversal.
Second, we're looking for points of areas of probability were the fox is likely to do his thing. These are anything which is
going to attract retail traders, ie. support/resistance, pivots, major MA like the 200 etc.
Third is timing. Typically (again no absolute rules but guidelines) we're looking for a couple of hours into the London,
then the NY sessions, these tend to be the areas where fox does a lot of his work, because this is where the retails are at
also.
So when we know what phase of the cycle we're in, and what areas for could be lurking, and when he's doing his
trapping, we are looking out for his tracks through W M, pinbars, RRT, etc.
In your particular example there was a perfect setup going into the NY session with a W pattern, which would have
taken you long.
Finally, hindsight makes experts of us all, and I may have well made the same trade. This is where experience and chart
time make the difference. But the above points will help us focus in the right direction.
Hope that helps
Pips400

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by pips400 » Sat Mar 23, 2013 7:05 am

anyone:
to trap any bears
Ernest
Sorry, forgot to say in your question, I think it's a matter of trading preference, whether you're conservative or
aggressive. Personally I'm more aggressive and by the time I reach the break of the previous swing low, I may have
already reached break even. I use percentages rather than pips, so I'm looking to get in a trade early as I take my SL
(mental not hard SL) a couple of pips above the last SH/SL ie. if I get into a trade with say 10 pips to SL risking 1%,
every 10 pips (excl spread) I also gain 1%, so risk reward works much better if I get in sooner.
Checking on the 15 min chart, you could have still shorted just after the London open with the reversal and made 2%
before getting out at the NY open with a the W reversal setup, then taken it long.
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It was an unfortunate trade. I was looking short initially myself. However next week I will be going with more quality less
quantity. Therefore if a setup like this comes up again with 2 previous long pushes, I might skip this pair in favour for
another.
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Just had an idea, maybe its time this thread be moved to its own sub forum. Then keep this thread for learning the
principles and then have multiple threads for each currency base pair forecasts + plus anyone's journals. e.g all JPY pairs
go in one thread, all USD pairs go in another etc..
.
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by fire580 » Sat Mar 23, 2013 10:54 am
Thank You to everyone who has been contributing here and of course especially CJ .....You Guys Rock.
Could someone tell me if on a "M" the second swing needs to go above the first or not?
And on a "W" if if the second swing goes below the first or not?
Thank You
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anyone:
to trap any bears
Ernest
There's already been some good explanations and I can tell that this stuff is making sense to a lot of people here. That's
good to see. I'll add a couple charts and my comments as well.
We were looking at this and I had it on my watch list as well. First of all, we did not get a well formed "M"....the 2nd leg
did not reach the high of the first leg and there were no long pins, where the fox is trying to stick the longs up high. This is
the area where spread widens in the bid ask as this occurs but we can't see that on the chart either. It's the spread
widening that helps create the long pins.
As pointed out, we only had 2 pushes higher from the last peak low. It helps to look on the higher time frame charts to
see the levels.
On the 1H chart, you can clearly see the majority of the pins are to the low side...as well as the "W" formation...had the
"M" formed, it should look more like the blue dashed lines....where the 2nd leg tests the high of the 1st leg, with longer
pins on top....
On the 15M chart, you can see the range, an extension above the range, but no extension lower...by not extending
lower, the fox keeps the shorts trapped from the range, not giving them a chance to get out at a lower price than their
entrance. He already has what he needs and doesn't pin it low...the small "W" also forms indicating higher price....
Level 3 could go higher, but it is forming....we need to keep this pair on the watch list, look for the peak high to form and
give reversal patterns. After the peak high forms, a period of consolidation will follow....this is where the next move will
originate.
CJ
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fire580 wrote:Thank You to everyone who has been contributing here and of course especially CJ .....You
Guys Rock.
Could someone tell me if on a "M" the second swing needs to go above the first or not?
And on a "W" if if the second swing goes below the first or not?
Thank You
Sometimes they do...they need to sell trend continuation to trap traders so it "may" pin higher.
Sometimes it doesn't if they have already trapped a bunch of contracts on the 1st legs, especially if the 1st leg has a
large, quick price swing...
Each pattern has to be assessed on it's own merits. Many times, you will get a second "M" or "W", that will form after
consolidation. These should not form above the last "M" high or last "W" low...
Somebody got raped by the broker, not the fox on the chart below. Note the 40 pip difference in the low prices here.
My guess is that somebody had a nice LONG position established and set their hard stop just below the pins...the
broker spread the bid ask and took the stops before the rise in price. Instead of a nice gain, this trader took a loss on his
order. This is the primary reason I don't use stops, especially with an ECN broker.
I've been using some stops with the scripts I've used this past week, because I can't manage the shear number of orders
manually, but when I'm trading large lot sizes, I won't use a stop.
CJ
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by fire580 » Sat Mar 23, 2013 12:04 pm
Thank You CJ and pips400 for taking the time from your weekend to respond so promptly
Fire580
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Lifesys wrote:re ScaledInPendingTrades with risk based volume.

CJ
You have inspired me, as a mathematician & grateful learning trader, I jigged a Scaling trade Script (from
tigpips FF) to suit the style we are honing. At a price on a chart, drop a series of scaled-in Pending Orders
at preset intervals with SL & TP. Added features incl fixed(yellow), logarithmic(blue) or linearly(magenta)
reducing Vol. for any number of child pending trades. SL & TP can be same price or relative to each trade
start.
ScaleVolume.gif
Best feature for learners (like me) is option that Total Volume of series be %Account Risk based, so each
trade is auto calculated relative to total RiskPercent, enabling safer scaling of pending orders whilst we
build.
I find this increases confidence to drop a series on the chart. If pending trades do not fire (some missed last
night) invoking ScalingScriptCloseALL can close All(Yes) or delete PendingOnly(No) trades with
corresponding MagicNumber on that sheet.
I'm sure that this will come in handy for a lot of traders. Thanks for taking the time to put it together for all of us.
CJ
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by ernest02 » Sat Mar 23, 2013 12:27 pm
Thank you SO MUCH Pips400, Angat and especially the Captain himself who gave such thorough explanations as well
as support to my post of an unsuccessful trade. It really warms the heart that there are people that take some of their
precious time to assist beginners like me. One day I hope to also be able to be in a position to do the same and help
other people.
Captain you were right when you said that there were no widening of the spread at the top of the formation. I especially
looked for that and the spread stayed the same.
Guys you really rock! I thank you!
Ernest.
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xrismak wrote:
Captain Jack wrote:
pips400 wrote:
CJ
EL Capitaine CJ,
"Word" , you are right, I stuck a Multi Currency trading EA on one of my MT4 Platforms,
after 8 hours of trading it made about $88.00 profit, I then Procceded to trade Naked
eyeballing just the Pins using the W's and the M's as Guidance and in 1 Hour 48 minutes of
trading I got a Return of slightly over $660.00 on a $2300 starting Bank in a Live Account.
This was last week when I posted some of my Trades if you remember. I consider myself
quite fortunate to have gotten on your Naked Trading Thread at it's Inception, what even
make's this fun is I am a NOVICE, I believe I haven't even learnt nothing yet as regards the
Naked Trading System , When I am Confident to read and understand the Charts well
enough to place about 10 trades on the same currency Pair Simultanenuosly and make a
Profit Consistently, then I will be satisfied that I have truely learnt the Art of Trading for a
Consistent Profit, untill then I am still a Novice but I am willing to put in the Time and Learn
the Foxes Habits and Traits and whatever comes along.
The Truth for me now simply means Understanding what works Consistently to Pile Profits
most of the time, In Short I'd Like to be ABLE TO SPECULATE TO ACCUMULATE
WITH CONFIDENCE CONSISTENTLY.
Many Thanks,
xrismak
Perhaps being a novice trader has helped you "see" the light quicker than most. You have less bad habits to forget!
It's good to see you are turning what you have learned so far into some profitable trades. My advice would be to
continue with single trades as you grow your account. You don't want to over trade or over leverage your account and
have a series or bad trades take back what you are working for.
Knowing that you can set a tight stop, when the conditions are correct allows you to use a larger initial lot size with the
same risk of a smaller lot trade, that has a larger SL. I would suggest that you go this route as opposed to the scale in's
at this point.
Congratulations of the gain in your account and the successful trades. Keep up the good work!
CJ
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ernest02 wrote:Thank you SO MUCH Pips400, Angat and especially the Captain himself who gave such
thorough explanations as well as support to my post of an unsuccessful trade. It really warms the heart that
there are people that take some of their precious time to assist beginners like me. One day I hope to also
be able to be in a position to do the same and help other people.
Captain you were right when you said that there were no widening of the spread at the top of the formation.
I especially looked for that and the spread stayed the same.
Ernest.
If you have any questions concerning spread widening at the top or bottom, or don't know what it is, just open an order
box and watch. You can see the bid and ask prices here, as they form 2 lines. They tend to follow each other closely, but
when they widen, you will see these lines "spread" apart.
The red arrow indicates the spread between the bid and ask prices....this is where you can see the spread widen or if
you have a spread indicator and know your pairs normal spread, you will see it widen there.
CJ
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by websie » Sat Mar 23, 2013 1:39 pm
I was also looking at this NZDUSD with a view to taking a short perhaps on Monday, I already have a sell order on it at
83025. Your disection on it was fantastic. Thank you. I too am a novice and looking at my charts today when the market
has shut has helped a great deal for me to "see the light". Many thanks
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websie wrote:I was also looking at this NZDUSD with a view to taking a short perhaps on Monday, I
already have a sell order on it at 83025. Your disection on it was fantastic. Thank you. I too am a novice
and looking at my charts today when the market has shut has helped a great deal for me to "see the light".
Many thanks
Reading a book after it's written is easier than reading it as it's being written.
We are impatient by nature and habit, and it takes patience to do this with success. The fox feeds off our habits. We just
need to learn to break them and interupt his feeding cycle.
CJ
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Captain Jack wrote:If you have any questions concerning spread widening at the top or bottom, or don't
know what it is, just open an order box and watch. You can see the bid and ask prices here, as they form 2
lines. They tend to follow each other closely, but when they widen, you will see these lines "spread" apart.
The red arrow indicates the spread between the bid and ask prices....this is where you can see the spread
widen or if you have a spread indicator and know your pairs normal spread, you will see it widen there.
CJ
Hey guys, friend of mine made som time ago a great indicator to monitor spread widening.. here is a link
http://luku.cz/fx/2012/01/06/spread-indikator/
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by lvdfx888 » Sat Mar 23, 2013 3:06 pm
Captain Jack wrote:That's it for me....time for a nap. Closed out everything but a few trades in the AUD
pairs that should payoff into the pullback....
CJ
Hi Captain,
You're superman! Thank you for sharing your knowledge and for your time & patient. Still struggling to find & follow
Foxy traces... Looking forward to learn more and more from the great master.
Saw your UJ buy trades around 8:30-9. I was in this trade as well, would like to know if you sold when it reversed at
around 10:40, and if you bought at around 12:00 when it started to swing back up.
Thanks
Ron
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by xrismak » Sat Mar 23, 2013 3:30 pm
Captain Jack wrote:
ernest02 wrote:Thank you SO MUCH Pips400, Angat and especially the Captain himself
who gave such thorough explanations as well as support to my post of an unsuccessful trade.
It really warms the heart that there are people that take some of their precious time to assist
beginners like me. One day I hope to also be able to be in a position to do the same and help
other people.
Captain you were right when you said that there were no widening of the spread at the top of
the formation. I especially looked for that and the spread stayed the same.
Ernest.
If you have any questions concerning spread widening at the top or bottom, or don't know what it is, just
open an order box and watch. You can see the bid and ask prices here, as they form 2 lines. They tend to
follow each other closely, but when they widen, you will see these lines "spread" apart.
CJ
El Capitaine CJ,
Thanks for your Earlier Inspiring note of Advice with regards to my Trades, I have noticed one thing with regards to
your Comments on the Broker's Spreads and that's why if you Notice I have Circled the Top Right hand Corner of the
Displayed Chart I Posted, I am only interested in eyeballing that corner when I trade on the lower time frames such as
the M15 as the Chart gives me the Spead on top, and Below the Candle time, so I am I correct to imply that the Spread
and the candle time as in remaining time left for a Candle to close and a New Candle to form go hand in hand when
Deciding to Enter or Exit a Trade ????
I have also Adopted a New Style this is from my Observation of some of the Charts you posted in the Past that when
Going in Short in any Trade you always have one trade Right on top with a SL then further a little way down from the
first Short Trade you then Establish further Sell or Short Trades assuming your Huntch is Right about the Position of
things refferencing that Trade. I have also Noticed the Same thing and Style when you Initiate Opposite Trades as in
Going Long or Doing Buy Trades.
One final thiing amongst the many Questions I have for you is on the SNAGGIt software how do you imput text , I can
Draw Cirles and draw W's and M's But adding text to my illustration is a Problem, what or which icon do I click to
enable me Add text to what I illustrate using this Piece of Software
Many Thanks,
xrismak
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Captain Jack wrote:
ernest02 wrote:Thank you SO MUCH Pips400, Angat and especially the Captain himself
who gave such thorough explanations as well as support to my post of an unsuccessful trade.
It really warms the heart that there are people that take some of their precious time to assist
beginners like me. One day I hope to also be able to be in a position to do the same and help
other people.
Captain you were right when you said that there were no widening of the spread at the top of
the formation. I especially looked for that and the spread stayed the same.
Ernest.
If you have any questions concerning spread widening at the top or bottom, or don't know what it is, just
open an order box and watch. You can see the bid and ask prices here, as they form 2 lines. They tend to
follow each other closely, but when they widen, you will see these lines "spread" apart.
CJ
Or go to chart properties and tick the check box Show Ask line, it will show the bid and ask lines on the chart.
Ron
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Or go to chart properties and tick the check box Show Ask line, it will show the bid and ask lines on the chart.
Ron
Idfx888,
You are a Star, thanks, just done that for Added confirmation and it's kinda Easy on the eyes, yeah makes Life a lot
more Easier....
Thanks M8,
xrismak
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xrismak wrote:
Captain Jack wrote:
ernest02 wrote:Thank you SO MUCH Pips400, Angat and especially the

Captain himself who gave such thorough explanations as well as support to my
post of an unsuccessful trade. It really warms the heart that there are people that
take some of their precious time to assist beginners like me. One day I hope to
also be able to be in a position to do the same and help other people.
Captain you were right when you said that there were no widening of the spread
at the top of the formation. I especially looked for that and the spread stayed the
same.
Ernest.
If you have any questions concerning spread widening at the top or bottom, or don't know
what it is, just open an order box and watch. You can see the bid and ask prices here, as they
form 2 lines. They tend to follow each other closely, but when they widen, you will see these
lines "spread" apart.
The red arrow indicates the spread between the bid and ask prices....this is where you can
see the spread widen or if you have a spread indicator and know your pairs normal spread,
you will see it widen there.
CJ
El Capitaine CJ,
Thanks for your Earlier Inspiring note of Advice with regards to my Trades, I have noticed one thing with
regards to your Comments on the Broker's Spreads and that's why if you Notice I have Circled the Top
Right hand Corner of the Displayed Chart I Posted, I am only interested in eyeballing that corner when I
trade on the lower time frames such as the M15 as the Chart gives me the Spead on top, and Below the
Candle time, so I am I correct to imply that the Spread and the candle time as in remaining time left for a
Candle to close and a New Candle to form go hand in hand when Deciding to Enter or Exit a Trade ????
I have also Adopted a New Style this is from my Observation of some of the Charts you posted in the
Past that when Going in Short in any Trade you always have one trade Right on top with a SL then further
a little way down from the first Short Trade you then Establish further Sell or Short Trades assuming your
Huntch is Right about the Position of things refferencing that Trade. I have also Noticed the Same thing and
Style when you Initiate Opposite Trades as in Going Long or Doing Buy Trades.
One final thiing amongst the many Questions I have for you is on the SNAGGIt software how do you imput
text , I can Draw Cirles and draw W's and M's But adding text to my illustration is a Problem, what or
which icon do I click to enable me Add text to what I illustrate using this Piece of Software
Many Thanks,
xrismak
Yes, it is the time to candle close. When the fox is at play, many times he will wait and do his deeds on the "backside" of
the candle, not wanting to show his hand too soon.
The trades you speak of are limit trades that are triggered in case of a quick retrace or spike after I have placed the sell
or buy order and stop orders. I enter trades early at times, like the USDJPY trade Friday and the limit trades will catch a
25-50 pip move opposite my trades. I don't use this script very often when trading.
If you look at the GBPNZD chart I posted, there was a limit that nearly triggered on that set of trades.
To add text with Snagit, click the "A" on the drawing tools menu and create a text box on your chart...enter your text
inside it.
CJ
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lvdfx888 wrote:
Captain Jack wrote:That's it for me....time for a nap. Closed out everything but a few trades
in the AUD pairs that should payoff into the pullback....
CJ
Hi Captain,
You're superman! Thank you for sharing your knowledge and for your time & patient. Still struggling to find
& follow Foxy traces... Looking forward to learn more and more from the great master.
Saw your UJ buy trades around 8:30-9. I was in this trade as well, would like to know if you sold when it
reversed at around 10:40, and if you bought at around 12:00 when it started to swing back up.
Thanks
Ron
Hi Ron,
You can see in the statements the exact time the trades closed and I did enter a set of short trades that came in and
closed out during the pullback Friday. They are on the last statement page I posted.
I have no current position in UJ at this time.
Here's chart that should help you see it...
CJ
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Kruspe wrote:
Captain Jack wrote:If you have any questions concerning spread widening at the top or
bottom, or don't know what it is, just open an order box and watch. You can see the bid and
ask prices here, as they form 2 lines. They tend to follow each other closely, but when they
widen, you will see these lines "spread" apart.
The red arrow indicates the spread between the bid and ask prices....this is where you can
see the spread widen or if you have a spread indicator and know your pairs normal spread,
you will see it widen there.
CJ
Hey guys, friend of mine made som time ago a great indicator to monitor spread widening.. here is a link
Kruspe,
I wish the Site was in English and there was some place to D/L this Indicator..
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by pips400 » Sat Mar 23, 2013 4:14 pm
One thing I've done on my charts is look to the left over the last week or two and put in horizontal dotted lines (similar
colour to background so it is feint and not too distracting) at previous S/R stop hunt, whole/half numbers etc. I don't go
crazy on this just three or four that are within a days reach above and below the current price level. This gives me heads
up when live when price is near previous manipulation/stop hunt levels, as I've noticed the fox often uses the same level
more than once. Just a thought, but don't clutter your charts, just whats helpful and works for you.
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No problem xrismak.. here it is
LuKu_Spread_v10.mq4
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To add text with Snagit, click the "A" on the drawing tools menu and create a text box on your chart...enter your text
inside it.
El Capitaine CJ,
Thanks, you are a Dream come True, A GIGANTILUS......
Cheers,
xrismak.
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Kruspe wrote:No problem xrismak.. here it is
Kruspe,
My Guy...... My Latest Discovery.... Thank you..... EUREKA..... I have it.....
Thanks,
xrismak
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El Capitain,
could you please explain three day cycle for me? I am looking for example NDUSD.
hannele
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hannele wrote:El Capitain,
hannele
Here you go...
CJ
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El Capitaine CJ,
So this means we can watch or rather veiw a 3 Day Cycle unfold on the H1 timeframe as opposed to going to view this
on a D1 time frame or am I missing something out here .
Cheers,
xrismak.
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Captain Jack wrote:
hannele wrote:El Capitain,
hannele
Here you go...
CJ
Thank you
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El Capitaine CJ,
I just discovered Something, and I am going to post three Charts, I love your NAKED Trading....... The Evidence to do
the Trades is soo Clear and Vivid, I would have taken trades over and Over Again Profited and Exited and beaten
dudes with Indicators to the Punch any Day... Indicators are Good but if You can see closely without Indicators then the
Fox doesn't have a Hold on You....

xrismak.
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xrismak wrote:
One Indicator on.png
El Capitaine CJ,
I just discovered Something, and I am going to post three Charts, I love your NAKED Trading....... The
Evidence to do the Trades is soo Clear and Vivid, I would have taken trades over and Over Again Profited
and Exited and beaten dudes with Indicators to the Punch any Day... Indicators are Good but if You can
see closely without Indicators then the Fox doesn't have a Hold on You....

xrismak.
Hi Xrismak
Could you tell me or better still give me the red line drawing thingo you have on your charts, please.
hannele
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hannele wrote:
xrismak wrote:
The attachment One Indicator on.png is no longer available
El Capitaine CJ,
I just discovered Something, and I am going to post three Charts, I love your NAKED
Trading....... The Evidence to do the Trades is soo Clear and Vivid, I would have taken trades
over and Over Again Profited and Exited and beaten dudes with Indicators to the Punch any
Day... Indicators are Good but if You can see closely without Indicators then the Fox doesn't
have a Hold on You....

xrismak.
Hi Xrismak
Could you tell me or better still give me the red line drawing thingo you have on your charts, please.
hannele
Hannele,
Oh that's this one , good Luck have loads of Fun with it .
Warm Regards,
xrismak
ZigZag.mq4
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So this means we can watch or rather veiw a 3 Day Cycle unfold on the H1 timeframe as opposed to going
to view this on a D1 time frame or am I missing something out here .
Cheers,
xrismak.
It means you watch and view it on "any" time frame that it is most visible to you. 3 day cycles are nothing more than 3
day of rising price or 3 days of falling price. There tends to be a reversal after either one but that does not mean a
reversal is 100% sure to occur. Strong trending pair may only consolidate or have a small pullback for a few days...but
the fox has to retrace his steps, sooner or later, in order to book his profit.
I can see these as well on a 15M time frame as any but for some, eliminating the extra noise of the lesser time frames
helps to clear the fog.
As I've said many times, these patterns repeat themselves on all time frames. The 3 day cycle and the 15M time frame
tend to coincide. The pattern of 3 rising legs or 3 falling legs will be greater than 3 days on the higher time frames.
Nonetheless, the patterns remain the same and what you see on the15M you will eventually see on the 1H, 4H, D1 and
higher... look for them.
CJ
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If you are having trouble seeing the levels, try switching your charts to "line" from candle. You will need the candles to
see the pins, but switching to a line chart can sometimes help locate the levels.
CJ
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As I've said many times, these patterns repeat themselves on all time frames. The 3 day cycle and the 15M time frame
tend to coincide. The pattern of 3 rising legs or 3 falling legs will be greater than 3 days on the higher time frames.
Nonetheless, the patterns remain the same and what you see on the15M you will eventually see on the 1H, 4H, D1 and
higher... look for them.
CJ
El Capitaine CJ,
Thank you very very much, that last bit of the Explanation has been Engraved in my Trading Brain, between Your
Goodself, Nanningbob, Steve Hopwood and Jemook and Not Forgetting My Guy for Always "AWESOME
BALUDA" what I have Learn't within the last 10 Months about Trading with and Without Indicators is Mind Boggling,
But in terms of Seeing things from a Totally Different Perspective as in What the NAKED Eye Refuses to see unless
there are Indicators on the CHART..... CJ you ROCK. I like the NB 10 Series Systems, that Thought me loads of
Stuff about Pivots and whatever, but if I mix that and Trading Naked together, I have a Pretty Good Idea of where I
want to be Trading in 6 Months from Now... thank you @ so verymuch.com...
You are a GIGANTILUS and I am GRATEFUL...
Gracious Goodness ,
xrismak
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xrismak wrote:You are a GIGANTILUS and I am GRATEFUL...
Gracious Goodness ,
xrismak
I think a fair few of us concur with that. Others will be along later.
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xrismak wrote:
hannele wrote:
xrismak wrote:
One Indicator on.png
El Capitaine CJ,
I just discovered Something, and I am going to post three Charts, I love your
NAKED Trading....... The Evidence to do the Trades is soo Clear and Vivid, I
would have taken trades over and Over Again Profited and Exited and beaten
dudes with Indicators to the Punch any Day... Indicators are Good but if You
can see closely without Indicators then the Fox doesn't have a Hold on You....

xrismak.
Hi Xrismak
Could you tell me or better still give me the red line drawing thingo you have on your charts,
please.
hannele
Hannele,
Oh that's this one , good Luck have loads of Fun with it .
Warm Regards,
xrismak
Thank you
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by Mescalitofx » Sat Mar 23, 2013 8:48 pm
Hi guys.
It seems several post of me didnt get posted last week, due some network issues. I just wondered where are my posts
now...
I found a nice indicator that records the spread. the indicator needs to be placed per TF on the pair u trade. but I was
surprised how it help me see the spread widdening in the Spike areas. together with Higher volume U are sure FOXY is
playing. and u can have the fox with the balls.
Let me explain.
I found the Indicator on http://codebase.mql4.com/6183 . but ill attach it here also.
Lets focus 20 March. what do we see.

NOT MUCH..... some spikes in price down before we move up further...
Coincidence NO. FOXY at work.
what do we see....
NOw LOOK the volume.... strange higher Volume... the Big Boy (Foxy is doing something apperently).
We are not sure at this moment FOXY is playing, BUT how can we see deeper...
Attached the spread recorder and lets check again.
looks better now we can see the Spread widden...
the show goes on
FOXY OFFLOADING just before 18.00 GMT market close, u will see it often arround 17.00-18.00 i think.
Thanks CJ and hope this tool to the arsenal can help u guys decide better and "see better when we have spread
widening", And by all means i dont want to clogg up the naked chart. just easier to read between the mist. the rest we all
need to learn more Price action. next step combine it with some good moneymangement. And we have a Precious pearl
here ( a winner).
have a Great Weekend
Greetings
Gerry
IND_Monitoring-Spread.mq4
...
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Mescalitofx wrote:Hi guys.
It seems several post of me didnt get posted last week, due some network issues. I just wondered where
are my posts now...
Greetings
Gerry
I thought I saw this in another post Gerry. It might have made it into the thread and gotten lost as we are adding a lot of
pages daily here. Thanks again though, and this does show the widening when they are pinning high or low.
CJ
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Captain Jack wrote:
lvdfx888 wrote:
Captain Jack wrote:That's it for me....time for a nap. Closed out everything but
a few trades in the AUD pairs that should payoff into the pullback....
CJ
Hi Captain,
You're superman! Thank you for sharing your knowledge and for your time & patient. Still
struggling to find & follow Foxy traces... Looking forward to learn more and more from the
great master.
Saw your UJ buy trades around 8:30-9. I was in this trade as well, would like to know if you
sold when it reversed at around 10:40, and if you bought at around 12:00 when it started to
swing back up.
Thanks
Ron
Hi Ron,
You can see in the statements the exact time the trades closed and I did enter a set of short trades that
came in and closed out during the pullback Friday. They are on the last statement page I posted.
I have no current position in UJ at this time.
Here's chart that should help you see it...
CJ
Thanks CJ.
Ron
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I was reading Bob's thread and saw he made a post on a pair that I have on my watch list for this coming week. This is a
weekly chart, and it gives some clues as to the longer term direction of EURAUD....
CJ
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Kruspe, what a treasure trove - nice friend to have!
Thanks for sharing the link
Mop
Hey guys, friend of mine made some time ago a great indicator to monitor spread widening.. here is a link
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by lvdfx888 » Sun Mar 24, 2013 12:47 am
Hi CJ
On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the chart what I have done
wrong here.
Thank you
Ron.
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CJ,
I still have problems to visualize the three day cycle and three push up / down on charts...
In your example (marked peak low) the first candle is actually a red candle on D1 tf - why is this the start of three day
up ?
Thks for your patience
Mop
Captain Jack wrote:
hannele wrote:could you please explain three day cycle for me? I am looking for example
NDUSD.
hannele
Here you go...

CJ
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lvdfx888 wrote:Hi CJ
On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the chart what I
have done wrong here.
Thank you
Ron.
Sometimes it helps to look at the picture from a different perspective...consider the following charts...
You have assigned a level to a stop hunt at the 3 position....stop hunts don't count as levels...
Notice how the levels form...expect a peak in price on level 3 and then consolidation.....price tends to "chop" at the top
or bottom....
CJ
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mobthehop wrote:CJ,
I still have problems to visualize the three day cycle and three push up / down on charts...
In your example (marked peak low) the first candle is actually a red candle on D1 tf - why is this the start
of three day up ?
Thks for your patience
Mop
Captain Jack wrote:
hannele wrote:could you please explain three day cycle for me? I am looking
for example NDUSD.
hannele
Here you go...

CJ
What time frame are you looking for trades upon and why are you looking for the cycle on the D1 chart?
A single D1 candle is comprised or 24-1H candles, 48-30M candles or 96-15M candles.....
I stated earlier the 3 day cycle coincides with the 15M time frame.....and that on the higher time frames, the 3 legs up or
down are longer than 3 days....
If you look at the daily periods on the chart I marked, you will clearly see on day one, price ended the day higher, than it
began the day. On day 2, price closed higher than it opened, and on day 3 it did the same. On my charts, I see 3 green
D1 candles???
There are no red D1 candles on the days I marked up??? 20-21-22
I'm not sure what you are looking at Mop?
Tell me what I'm missing??
CJ
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CJ,
excellent question - see my screenies attached - one from (demo) broker Axi, the other from VantageFX.
I am really trying to follow your charts / trades but have issues to reconcile these with my screens... is the issue of TZ of
broker rearing it's ugly head again?
In one of my earlier posts I asked you which broker / TZ you are actually on but in the slew of posts you probably
overlooked it....
I know it is really late for you already but would appreciate if yo could reconcile these for me...
Cheers
Mop
PS Pls disregard all indys still visible - I am reducing clutter one by one until I am truly naked!
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mobthehop wrote:CJ,
excellent question - see my screenies attached - one from (demo) broker Axi, the other from VantageFX.
I am really trying to follow your charts / trades but have issues to reconcile these with my screens... is the
issue of TZ of broker rearing it's ugly head again?
In one of my earlier posts I asked you which broker / TZ you are actually on but in the slew of posts you
probably overlooked it....
I know it is really late for you already but would appreciate if yo could reconcile these for me...
Cheers
Mop
PS Pls disregard all indys still visible - I am reducing clutter one by one until I am truly naked!
I recall posting someplace that I prefer a broker whose platform was GMT in response to somebody's question. There
was a rely to my post but I can't recall who it was from....
You should be asking your broker, if you choose to use those, why there are red candles on a day where price rose
instead of fell. It's not something I can help you with. Look at the days in question on the 1H time frame and you can
clearly see this. Did price go up on the 20th or did it go down?
When I look at FinFX, The CollectiveFX, Global Prime FX, Cowboy IBFX, Oanda, FXCM, Traders Way,
ExcelMarkets, Forex.com, FXClearing, Alpari US, and HotForex, I see all have green candles. Perhaps it's time you
chose a different broker that uses a standard platform time.
Another question I have for you is why use a broker who screws with the platform time to distort your view? You allow
them to do this by using them as a broker. Nothing I can do about that, Mop.
CJ
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On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the chart what I
have done wrong here.
Thank you
Ron.
Ivdfx888,
I see Roof Tops, CJ what would you say as I might be Wrong with my Visuals.
Cheers,
xrismak
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xrismak wrote:
Roof Tops !.png
On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the
chart what I have done wrong here.
Thank you
Ron.
Ivdfx888,
Cheers,
xrismak
If you are referring to BARF's....NO.
CJ
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by Jemook » Sun Mar 24, 2013 3:15 am
Captain Jack wrote:When I look at FinFX, The CollectiveFX, Global Prime FX, Cowboy IBFX,
Oanda, FXCM, Traders Way, ExcelMarkets, Forex.com, FXClearing, Alpari US, and HotForex, I see all
have green candles. Perhaps it's time you chose a different broker that uses a standard platform time.
Hey CJ - are you saying you prefer GMT +0 to GMT +2/3? Hope you are having a nice weekend mate.
Cheers
J
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Wow,
I can't Believe I am WIDE Awake, been reading and taking in Stuff on this thread since 7pm yesterday Saturday and it's
7.13 AM Sunday Morning, This is Interesting, I been here 12 Hours and it Kinda feels like I have spent just 2 Hours in
Here, I Need to Go get some Sleep and Come Back Later On.
It's Been a wonderful Learning Curve folks, I am still Learning and willing to Learn a Lot More but I need to Chillax and
Unwind before my Brain Freezes up.
Good Morning, I'll Be Back.

xrismak
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Captain Jack wrote:
xrismak wrote:
Roof Tops !.png
On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please

comment on the chart what I have done wrong here.
Thank you
Ron.
Ivdfx888,
Cheers,
xrismak
If you are referring to BARF's....NO.
CJ
El Capitaine CJ,
I was just stating what I saw, as for BARF'S I haven't Quite gotten the Hang of that yet, when I do which will come
sooner, ( I am Still Studying and Learning ) I won't Get it wrong on the Visuals. I think my Brain needs to Rest a Lil then
I can function well and Not be Seeing Things or Rather Adding Meaning to Different Things...
Good Morning Once Again Folks, I am Going to Nod off and Come Back Later.
xrismak
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by Jemook » Sun Mar 24, 2013 3:27 am
Also just a quick one in response to spread widening. It's typical on an ECN feed for spreads to widen around NY
close every day - I've been told this is when the liquidity providers restart their servers and as they switch off and on
there aren't as many LPs to choose from so the spreads widen up.
On Global Prime which is GMT+0 this happens around 22:00 GMT

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Jemook wrote:
Captain Jack wrote:When I look at FinFX, The CollectiveFX, Global Prime FX, Cowboy
IBFX, Oanda, FXCM, Traders Way, ExcelMarkets, Forex.com, FXClearing, Alpari US,
and HotForex, I see all have green candles. Perhaps it's time you chose a different broker that
uses a standard platform time.
Hey CJ - are you saying you prefer GMT +0 to GMT +2/3? Hope you are having a nice weekend mate.
Cheers
J
What I prefer is a broker whose daily candles close at midnight, and which corresponds to 5PM est...or NY close, and
no Sunday candles.
GMT times can vary, as it does on some of the platforms I listed above, but all of them show 3 green daily candles, on
NZDUSD, as does Global Prime.
Hope that covers it.
CJ
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Jemook wrote:Also just a quick one in response to spread widening. It's typical on an ECN feed for
spreads to widen around NY close every day - I've been told this is when the liquidity providers restart
their servers and as they switch off and on there aren't as many LPs to choose from so the spreads widen
up.
On Global Prime which is GMT+0 this happens around 22:00 GMT
Isn't this when the swap is handled as well? 5pm to 5:05est is a closed market....
CJ
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by Jason » Sun Mar 24, 2013 4:21 am
Is there a way to make the direction clearer when looking at the early London session? It seems easier to trade the NY
session because you can see the path that led to the current price, and if there are obvious pins or Ms/Ws you just leap
in. But with the early London session, it's like you're trying to walk a path that no one has made yet. Or maybe my
understanding is very poor, which is quite possible.
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by Jason » Sun Mar 24, 2013 5:32 am
Ok. I think I see. But I'm looking at the m5.
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by Amit » Sun Mar 24, 2013 5:33 am
HI Captain. Thanks for the thread . Read thru all of it today. Could you clarify GCAD on which level it is cos it has such
wide variations that I cant figure it out. My chart posted.
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AU chart Captain. Please clarify the doubts. Sorry if they are repetitive.
thanks
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Captain Jack wrote:Might not get the full 50 on these sets'....will be watching for the bottom turn....
CJ
CJ please refer to your GCAD sell trade on 20 March.
What made you so sure that price would tank here?. was it the rapid rise? We did have 3 levels of rise the previous day.
And the sudden fall was followed by an equally sudden rise.
So trying to see the logic here.
thanks
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Captain Jack wrote:
On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the
chart what I have done wrong here.
Thank you
Ron.
Sometimes it helps to look at the picture from a different perspective...consider the following charts...
You have assigned a level to a stop hunt at the 3 position....stop hunts don't count as levels...
Notice how the levels form...expect a peak in price on level 3 and then consolidation.....price tends to
"chop" at the top or bottom....
CJ
Thank you CJ.
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by pips400 » Sun Mar 24, 2013 7:05 am
Something to watch out for guys, is after the third push (generalisation, no fixed rules remember) fox is going to need to
offload his position so you could easily see a "fake" push. For example if fox is long and wants to exit he need to sell. So
if he's selling he needs buyers, so to get the buyers, he'll do another stop hunt long which may look like another push but
it's fox offloading.
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Hi CJ,
Sorry to bother you again. I would like to draw some lessons on my GJ trade on Friday, please kindly give me some
guidance:
GJ chart below shows 2 long wicks (red) which looked like a good setup for level 3 push, then a pull back in NY
session. But after trade was entered but price went south. Luckily the trade was recovered after the long RRT was
formed later and price come back.
1. Did I read the chart correctly ?

2. Price went below L2 low, would the 3 level push is still valid as price seems heading to L3 ?
3. Is there situations where 3 level push cannot complete and reset ?
Thank you for your patient.

Ron
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Amit wrote:AU chart Captain. Please clarify the doubts. Sorry if they are repetitive.
thanks
Amit, see CJ's answer on page 131.
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Thanks Ron. Doubt cleared
lvdfx888 wrote:
Amit wrote:AU chart Captain. Please clarify the doubts. Sorry if they are repetitive.
thanks
Amit, see CJ's answer on page 131.
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by Angat » Sun Mar 24, 2013 9:38 am
lvdfx888 wrote:Hi CJ,
Sorry to bother you again. I would like to draw some lessons on my GJ trade on Friday, please kindly give
me some guidance:
GJ chart below shows 2 long wicks (red) which looked like a good setup for level 3 push, then a pull back
in NY session. But after trade was entered but price went south. Luckily the trade was recovered after the
long RRT was formed later and price come back.


Ron
The fox tricked alot of people on this day with the jpy pairs. I personally find the jpy pairs slightly more riskier at times.
Its harder to use pins to identify the stop hunts. Just look at the H1 chart every candle has pins on pretty much both
sides. If you were to go to the h4 chart you could see that from the 14th to now there is a giant wedge forming. Okay
now it becomes slightly clearer, there was a W within a giant M. Now the bottom part of M seems like it needed to
touch the bottom part of the wedge.
That being said I dont trade these M and W patterns off the H4, I only find the quality setups off the H1 using the H4
and Daily to see the bigger picture and look for RTTs.
CJ will probably advise you better.
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by trader99 » Sun Mar 24, 2013 9:44 am
Great..will try this out on Mon. 2 quick questions: for 5 digit brokers does the "scale by pips" have to read 50? Also,
does the "closeall script" only apply to the trades on that chart and if not, can you please make this option available?
Many thanks in advance Lifesys..great tool!

CJ
start.
ScaleVolume.gif
build.
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fok wrote:
Captain Jack wrote:
mobthehop wrote:CJ,
Interesting, but little confusing.
Brokers with gmt+2/3 have no daily Sunday candles, most of us recommended

this because the daily charts will have 5 candles a week. For example Cowboy
Go Markets AU does do so, BUT then the daily candle 20.03.2013 is a bear
candle (marked with a white arrow). (GlobalPrime will be in the future a gmt
+2/3 broker, Jem please correct me if I am wrong).
Brokers with gmt+0 have! Sunday candles (I don’t like these Sunday candles),
and the daily candle 20.03.2013 is a bull candle.
The attachment 2.png is no longer available
I prefer a gmt+2/3 broker with correct 5 daily candles a week.
fok
Let me make one thing perfectly clear. When looking for levels or counting levels, I am not talking about the color of a
candle. I have stated that the 3 day cycle is 3 days of rising or falling price, that begins from a peak LOW or a peak
HIGH. Nowhere do I say to check the color of a daily candle or any other candles to determine the levels or counts.
What can be more simple than drawing a line from the low to the close of the day to see if price rose that day?
What can be more simple than drawing a line from the peak high to the close of the day to see if price fell?
In the NZDUSD example, did price rise from the PEAK low on the 20th? YES! It is the PEAK low and that is level 1.
Don't try to add a bunch of stuff like GMT and candle color to something as simple as 3 days of rising or falling price,
from the peak high or peak low.
When it comes down to it, as stated, I prefer a broker whose D1 candle closes at 5PM est to coincide with NY close
and who doesn't use a Sunday candle. BUT, it doesn't matter in the counts because you begin from the peak low or
peak high. Does it rise from the LOW, or does it fall from the HIGH.
Nowhere in this thread is broker time mentioned. Asian, London and NY all operate the same, every day. Nowhere in
this thread is candle color mentioned.
How do you determine peak low or peak high? Seems pretty simple...if price goes lower, then it's not the peak low now
is it? If price goes higher, then it's not the peak high is it?
The candles can all be peppermint sticks and you can still determine if price rose or fell from it's PEAK LOW or PEAK
HIGH.
If somebody does not understand this, I'm sorry, I can't "make" you see this. Open your minds up and forget all the BS
that you've been told about this market.
CJ
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Jason wrote:Is there a way to make the direction clearer when looking at the early London session? It
seems easier to trade the NY session because you can see the path that led to the current price, and if there
are obvious pins or Ms/Ws you just leap in. But with the early London session, it's like you're trying to
walk a path that no one has made yet. Or maybe my understanding is very poor, which is quite possible.
An ideal Asian range is 40-50 pips. You look for price to widen outside this range as London approaches, then you look
for price to rise or fall, 25-50 pips outside the Asian range. This move may happen over 3 candle or 3 pushes. You look
for stop hunts, where they are triggering the sell or buy orders to trap traders. That's what you look for going into
London.
NY tends to be the reversal session...
You can trade "M", "W", RRT's or pins at any time.
CJ

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Amit wrote:HI Captain. Thanks for the thread . Read thru all of it today. Could you clarify GCAD on
which level it is cos it has such wide variations that I cant figure it out. My chart posted.
GBPCAD is full of stop hunts....they can't be counted as levels....they use them to keep traders from riding the trend
higher...shaking them out along the way....
CJ
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Amit wrote:
Captain Jack wrote:Might not get the full 50 on these sets'....will be watching for the bottom
turn....
CJ
CJ please refer to your GCAD sell trade on 20 March.
What made you so sure that price would tank here?. was it the rapid rise? We did have 3 levels of rise the
previous day. And the sudden fall was followed by an equally sudden rise.
So trying to see the logic here.
thanks
It's a big stop hunt....look at the pattern it formed and the location and direction of the pins...they repeat it and I've
traded it before.
I made 20-30 trades or more on this pair so I'm not sure which one you are talking about...a picture would help.
CJ
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Sorry to bother you again. I would like to draw some lessons on my GJ trade on Friday, please kindly give
me some guidance:
GJ chart below shows 2 long wicks (red) which looked like a good setup for level 3 push, then a pull back
in NY session. But after trade was entered but price went south. Luckily the trade was recovered after the
long RRT was formed later and price come back.


Ron
Your level and count appear right, but you are trading on the 1H time frame. The patterns are still the same. Price was in
a range....the a 3 candle push dropped below the range into a stop hunt, this is the pattern. You just got in early.
I entered my UJ trade at the same point on the 15M time frame, price continued lower on it as well and I took additional
entry at the bottom of the stop hunt, closed it at the top of the stop hunt and rode price back down into the range with
another set of orders.
You need to work on identifying the stop hunts, when they hit the stops low then high in this case. Sometimes they hit
them high then low. Depends on the pair and the trend.
Some pair tend to have more pins than others and are harder to trade. NZDUSD is another one with lots of pins...
CJ
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by nicoacademia » Sun Mar 24, 2013 11:28 am
Hi Captain Jack
really must say thank you for putting in all your effort into posting n updating and clarifying for us all.
i'm greatly appreciative of all your work.
i love how you sling out all your orders. "if i'm right i'm right all the way" style.
i've done my homework. learn by doing. and just want to clarify just one thing that bugs me.
i know the 3 pushes will not always be perfect. but the fox will always have to push his book.
1)how would you handle the missing count in the middle of last week on the EJ 1H pair?
it did do a nice W. with a small stop hunt after the pins cluster.
2)looking at the way the EJ ended the week. is that counted as 1 push up(although they pinned it both ways=stop hunt).
meaning the peak low(and also cracked week low) was made?
thanks for teaching us to tag the foxes trail
EJ
weakness?
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nicoacademia wrote:Hi Captain Jack

really must say thank you for putting in all your effort into posting n updating and clarifying for us all.
i'm greatly appreciative of all your work.
i love how you sling out all your orders. "if i'm right i'm right all the way" style.
i've done my homework. learn by doing. and just want to clarify just one thing that bugs me.
i know the 3 pushes will not always be perfect. but the fox will always have to push his book.
1)how would you handle the missing count in the middle of last week on the EJ 1H pair?
it did do a nice W. with a small stop hunt after the pins cluster.
2)looking at the way the EJ ended the week. is that counted as 1 push up(although they pinned it both
ways=stop hunt). meaning the peak low(and also cracked week low) was made?
thanks for teaching us to tag the foxes trail
The attachment 130322 ej weekend.png is no longer available
Your chart looks good....and you will not always get 3 levels up or down. How to handle it is to trade the "W" and the 2
pins to the low give you the clues. The 2 pins down are where the shorts are trapped and you want to be long there....
Yes, EJ should be at level 1 consolidation and you should not trade short out of this formation....do not trade back
towards the peak low if the fox heads that way...wait for his turn and pin your order to his a$$! Think of this every time
you see those pins.
CJ
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Angat wrote:
Sorry to bother you again. I would like to draw some lessons on my GJ trade on Friday,
please kindly give me some guidance:
GJ chart below shows 2 long wicks (red) which looked like a good setup for level 3 push,
then a pull back in NY session. But after trade was entered but price went south. Luckily the
trade was recovered after the long RRT was formed later and price come back.

2. Price went below L2 low, would the 3 level push is still valid as price seems heading to L3
?

Ron
The fox tricked alot of people on this day with the jpy pairs. I personally find the jpy pairs slightly more
riskier at times. Its harder to use pins to identify the stop hunts. Just look at the H1 chart every candle has
pins on pretty much both sides. If you were to go to the h4 chart you could see that from the 14th to now
there is a giant wedge forming. Okay now it becomes slightly clearer, there was a W within a giant M. Now
the bottom part of M seems like it needed to touch the bottom part of the wedge.
That being said I dont trade these M and W patterns off the H4, I only find the quality setups off the H1
using the H4 and Daily to see the bigger picture and look for RTTs.
CJ will probably advise you better.
If you follow the rules for "W" and "M"'s and took entry on the 2nd leg, then you would have made a lot of money on
both formations.
CJ
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Captain Jack wrote:

?

Ron
Your level and count appear right, but you are trading on the 1H time frame. The patterns are still the same.
Price was in a range....the a 3 candle push dropped below the range into a stop hunt, this is the pattern.
You just got in early.
I entered my UJ trade at the same point on the 15M time frame, price continued lower on it as well and I
took additional entry at the bottom of the stop hunt, closed it at the top of the stop hunt and rode price
back down into the range with another set of orders.
You need to work on identifying the stop hunts, when they hit the stops low then high in this case.
Sometimes they hit them high then low. Depends on the pair and the trend.
Some pair tend to have more pins than others and are harder to trade. NZDUSD is another one with lots
of pins...
CJ
I skipped the jpy pairs on friday and I'm glad I did. You knew what was happening and made money. It wasnt so clear
to me and I just moved on to another pair. That stop hunt was nasty. You can see what the foxes are doing, a giant
wedge is giant accumulation period before the trend resumes.
.
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by Lifesys » Sun Mar 24, 2013 12:23 pm
Yes, sorry CJ, I would have to agree with Fok on the D1 candle for the 20th March NZDUSD. The strong rise was
clearly on the 21st, starting with hour 1 and not the last 2 hours of the 20th by true Forex week.
This again shows the severe weakness in the GMT system. In this case it completely distorts D1 candles to show 3 rises
20th, 21, & 22 when there were only 2, 21st & 22nd.
You can't really use D1 or H4 candles as being decisively Up or Down when H1 candles are moved from one day to
another by GMT (non-NYClose or Forex open) brokers.
This should not affect trading if M15/H1 is used but people just have to get used to the fact that H4 & D1 will be
different.
march20-D1.gif (3.2 KiB) Viewed 220 times
march20-H1.gif (9.08 KiB) Viewed 220 times
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Right I have 10 pairs on my watchlist for Monday. How do I narrow this down?
I would like to say AUDUSD/NZDUSD are going to fall. So these are at the top of my list. Anyone else agree or has
different ideas?
Also I have a feeling AUDCAD may also fall nicely come Monday. May provide us with a H&S pattern to short.
.
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Captain Jack wrote:
Amit wrote:HI Captain. Thanks for the thread . Read thru all of it today. Could you clarify
GCAD on which level it is cos it has such wide variations that I cant figure it out. My chart
posted.
GBPCAD is full of stop hunts....they can't be counted as levels....they use them to keep traders from riding
the trend higher...shaking them out along the way....
CJ
El Capitaine CJ,
I Understand Clearly Now, thanks for the Visuals, I have seen this setup loads of Times on Loads of Charts now it
makes Absolute Sense. The fox is in Trouble, I am Smiling.
Happy Trading Y'all
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by rosst » Sun Mar 24, 2013 12:44 pm
Angat wrote:Right I have 10 pairs on my watchlist for Monday. How do I narrow this down?
I would like to say AUDUSD/NZDUSD are going to fall. So these are at the top of my list. Anyone else
agree or has different ideas?
AUDUSD/NZDUSD are notorious for moving more than 3 levels sometime 5 or 6!
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Lifesys wrote:Yes, sorry CJ, I would have to agree with Fok on the D1 candle for the 20th March
NZDUSD. The strong rise was clearly on the 21st, starting with hour 1 and not the last 2 hours of the 20th
by true Forex week.
This again shows the severe weakness in the GMT system. In this case it completely distorts D1 candles to
show 3 rises 20th, 21, & 22 when there were only 2, 21st & 22nd.
You can't really use D1 or H4 candles as being decisively Up or Down when H1 candles are moved from
one day to another by GMT (non-NYClose or Forex open) brokers.
This should not affect trading if M15/H1 is used but people just have to get used to the fact that H4 & D1
will be different.
march20-D1.gif
march20-H1.gif
You folks are more than welcome to do your level counts any way you want. By my count, day one of the price rise
from the peak low began on the 20th...it's what I base my trades on. You guys are more than welcome to base yours on
your observations of candle color based on any given brokers time shift. Don't ask me to validate your choices based on
your rules. I don't trade based on your rules and you will find that I will break most of them. You have asked me why I
chose the levels I did and you have received the answer.
It is rules of this very type that the market makers use against you and other traders. You are also welcome to continue
to trade by those rules should you choose to do so. It's your account, you are responsible for it.
I don't offer trade signals nor trade recommendations. I offer an alternative way of looking at this market and my ideas
for trading it. Those are not open for change and there are no rigid absolutes in my methods. I am a trader, not an
analyst, and least of all not a "cookie cutter purist" or I would still be doing the same old BS that still doesn't work.
If I sound pissed, it's because I am. I'm trying to tell you that you are trading in a rigged market. It's rigged against you
from the start. You don't stand a chance! Everything you know is a lie, yet you seek to perpetrate that lie by insisting on
what you know to be correct. Tell a lie enough and it becomes the truth. People of this planet would still believe the earth
was flat if they had the mindset of forex traders. I captain my own ship. If you are afraid to sail your ship to the ends of
the flat forex world and look into the abyss, then stay at home with your flat beliefs. There's no place here for them.
CJ
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by nicoacademia » Sun Mar 24, 2013 1:40 pm
Captain Jack wrote:Your chart looks good....and you will not always get 3 levels up or down. How to
handle it is to trade the "W" and the 2 pins to the low give you the clues. The 2 pins down are where the
shorts are trapped and you want to be long there....
Yes, EJ should be at level 1 consolidation and you should not trade short out of this formation....do not
trade back towards the peak low if the fox heads that way...wait for his turn and pin your order to his a$$!
Think of this every time you see those pins.
CJ
wow THANKS CJ ok i see the "bigger"(big spikes) stop hunts on the 15m.
i see levels better on 1H. i guess it's like I imagine i'm The Fox and i'm going.
"K how far can i push this given the current market/orderbook." (even they don't know how much they can pull across
the board: but they're going to whip it to attract it)
"to get my full size on i'm going to have to push it not all at once. but i'll have to add at levels." (so he pushes it out
roughly 2-3times to get a blended average)
with the size they push they can't fill their cup in 1 pour.
i believe they think in this manner. and filling it up.(on the retraces that attracts others to trade against them) and at the
end of the day/session/week they look at their haul and the new orderbook in front of them now(stops/limits/open
positions).
we be looking for that bushy tail flashing past us come monday

weakness?
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I don't suppose your ship is called the Black Pearl by any chance?
Sorry you were making a serious point, I'm totally on board, your thread your rules, I'm here to follow, learn and be
successful.
Try not to think too much about others, they have had years of bad habits which if they should want to change, wont be
an easy sail initially.
I was just thinking today its been my first profitable week in forex ever. Yes I have had a day here and day there before,
but never like this and its all down to you Captain.
.
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by Fable » Sun Mar 24, 2013 4:27 pm
Angat wrote:Right I have 10 pairs on my watchlist for Monday. How do I narrow this down?
I would like to say AUDUSD/NZDUSD are going to fall. So these are at the top of my list. Anyone else
agree or has different ideas?
Also I have a feeling AUDCAD may also fall nicely come Monday. May provide us with a H&S pattern to
short.
AUDUSD short too, for all the reasons you said + there is a very nice bearish butterfly on H4.
My targets are around 1.03
Best regards,
Fable.
ps: could you guys point me out to a manuel, or some details explanation of M and W pattern. I have a hard time to
really understand you way of "hunting the fox" ??
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Fable wrote:
Angat wrote:Right I have 10 pairs on my watchlist for Monday. How do I narrow this
down?
I would like to say AUDUSD/NZDUSD are going to fall. So these are at the top of my list.
Anyone else agree or has different ideas?
Also I have a feeling AUDCAD may also fall nicely come Monday. May provide us with a
H&S pattern to short.
Best regards,
Fable.
ps: could you guys point me out to a manuel, or some details explanation of M and W pattern. I have a
hard time to really understand you way of "hunting the fox" ??
Have you read this entire thread twice?

.
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Fable wrote:
Angat wrote:Right I have 10 pairs on my watchlist for Monday. How do I narrow this
down?
I would like to say AUDUSD/NZDUSD are going to fall. So these are at the top of my list.
Anyone else agree or has different ideas?
Also I have a feeling AUDCAD may also fall nicely come Monday. May provide us with a
H&S pattern to short.
Best regards,
Fable.
ps: could you guys point me out to a manuel, or some details explanation of M and W pattern. I have a
hard time to really understand you way of "hunting the fox" ??
Well, we'll soon find out, I'm not trading anything based on my hunches, I will trade what I see in the morning. However
a little pre planning never hurts. It could in fact be a consolidation period before it spikes up again.
.
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by Fable » Sun Mar 24, 2013 5:11 pm
Angat wrote:
Fable wrote:
Angat wrote:Right I have 10 pairs on my watchlist for Monday. How do I

narrow this down?
I would like to say AUDUSD/NZDUSD are going to fall. So these are at the
top of my list. Anyone else agree or has different ideas?
Also I have a feeling AUDCAD may also fall nicely come Monday. May
provide us with a H&S pattern to short.
AUDUSD short too, for all the reasons you said + there is a very nice bearish butterfly on
H4.
Best regards,
Fable.
ps: could you guys point me out to a manuel, or some details explanation of M and W pattern.
I have a hard time to really understand you way of "hunting the fox" ??
Have you read this entire thread twice?
Nope once.
But I meant outside the post, some book or so to level up myself
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by pips400 » Sun Mar 24, 2013 5:15 pm
Well here we go again in the next few hours, so just wishing everyone a great week and success trading with the fox.
Personally I'll be looking for price manipulation and stop hunts going into the London open, above or below the asian
high/lows. Then if we've had the full ADR looking for reversals into NY.
Many pips to all
Mike
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Pips400, I think that I try to do it exactly the same as you.
1. I sleep during the Asia session (I live in Czech republic)
2. In the morning I check Asia range on M15 and wait for breakout´s and how price reacts to them
3. After breakout I watch how price reacts, it could be a false breakout, stophunt, whatever and we
can see something like W or M - in that case I expect reversal moves, back to Asia range and then
further - you could take a big part of ADR!
4. If they don´t create W or M, I expect new level of accumulation.. I don´t trade it. I rather see 3
levels of accumulation(distribution) with full ADR and then I search sign of reversal moves
5. In case that full ADR comes late in NY session I don´t trade. It could be too late and you could stuck in Asia range.
Of course sometimes I can´t resist and taka a trade (again after nice W, or M) with tight SL above/ below HOD/LOD
and TP is also only a few pips.
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by pips400 » Sun Mar 24, 2013 6:04 pm
The beauty of what Captain Jack is been so gracious to share with us mere mortals is the simplcity of it all. That's why
it's important to keep the main thing the main thing and not get caught up with technicalities, price is price, the fox needs
to sell to you the opposite of where's he's going, and then bank his profits at exhuastion, so he'll stick you twice, once in
the beginning of his move then again on his exit. That's about it. You don't need anything other than price, and the tracks
to look for which CJ has shown us. Having said that I confess the use of stochastics on a 5 or 15min chart. Which is
my preference for entry. Once I've got the W M pins etc setup, I use stochastic cross of 50 to make the trade. Sorry CJ
for my weakness, amost naked.
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pips400 wrote:The beauty of what Captain Jack is been so gracious to share with us mere mortals is the
simplcity of it all. That's why it's important to keep the main thing the main thing and not get caught up with
technicalities, price is price, the fox needs to sell to you the opposite of where's he's going, and then bank
his profits at exhuastion, so he'll stick you twice, once in the beginning of his move then again on his exit.
That's about it. You don't need anything other than price, and the tracks to look for which CJ has shown
us. Having said that I confess the use of stochastics on a 5 or 15min chart. Which is my preference for
entry. Once I've got the W M pins etc setup, I use stochastic cross of 50 to make the trade. Sorry CJ for
my weakness, amost naked.
As I've said, I don't expect anybody to "strip down naked" and trade as I do. What I do advise is to take what you learn
here and apply it to your trading, as you are doing. The idea is to find what works for each. Good luck and good trading.
CJ
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by hannele » Sun Mar 24, 2013 6:55 pm
Good morning Captain,
Im still practising my eyes to spot fox trail. I can identify threel levels, W formation, pins, RRT, pin to the high that does
not take out the old high... so Im looking at NZDUSD right now on the hourly I can see all that, the I'll drop to 15 mins
and see that there is M formed... my question is should I now anticipate bigger M on the hourly time frame ? Or do I
have stuffed up skills on tracking...
cheers, hannele
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hannele wrote:Good morning Captain,
Im still practising my eyes to spot fox trail. I can identify threel levels, W formation, pins, RRT, pin to the
high that does not take out the old high... so Im looking at NZDUSD right now on the hourly I can see all
that, the I'll drop to 15 mins and see that there is M formed... my question is should I now anticipate bigger
M on the hourly time frame ? Or do I have stuffed up skills on tracking...
cheers, hannele
Too early to tell....check in 5-6 hrs....I'm not too sure the "M" you are looking at is the top... price movement tends to be
irregular and choppy at the top...
CJ
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by sdouglas3 » Sun Mar 24, 2013 7:13 pm
I took a profit on 15 min Eur/Usd chart on the gap at the open today. Sweet....Thanks CJ would have never seen the
M's ans W's like I do now. Thank you for your time and this thread educating us.
Steve
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Captain Jack wrote:
Im still practising my eyes to spot fox trail. I can identify threel levels, W formation, pins, RRT,
pin to the high that does not take out the old high... so Im looking at NZDUSD right now on
the hourly I can see all that, the I'll drop to 15 mins and see that there is M formed... my
question is should I now anticipate bigger M on the hourly time frame ? Or do I have stuffed
up skills on tracking...
cheers, hannele
Too early to tell....check in 5-6 hrs....I'm not too sure the "M" you are looking at is the top... price
movement tends to be irregular and choppy at the top...
CJ
Ok Thanks
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i meant to write that UJ finding bids early. after the pre-weekend 3 push down.
weakness?
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by Jemook » Sun Mar 24, 2013 7:54 pm
Yep no shortcuts here Fable, read the thread

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Having some things to take care of Monday, I may not be on through London tonight....
Cyprus news opened the door for a little Asian movement...look for the "W" and "M"'s to for out of this 1st move...there
are some large Asian ranges being set at the moment....
Watch for movement back into the range or the other extreme of the range...
CJ
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Captain Jack wrote:
Im still practising my eyes to spot fox trail. I can identify threel levels, W formation, pins, RRT,
pin to the high that does not take out the old high... so Im looking at NZDUSD right now on
the hourly I can see all that, the I'll drop to 15 mins and see that there is M formed... my
question is should I now anticipate bigger M on the hourly time frame ? Or do I have stuffed
up skills on tracking...
cheers, hannele
Too early to tell....check in 5-6 hrs....I'm not too sure the "M" you are looking at is the top... price
movement tends to be irregular and choppy at the top...
CJ
El Capitaine CJ,
You owe us Nothing but you have GRACEFULLY Shared with us more than Enough Knowledge on this Thread to
make us Worthy CONSISTENT Traders if we follow the rules and adapt them somehow to our own Style of Trading,
People Need to Invest in themselves ENOUGH Time and Patience to Get the full IDEA.
I have seen a bit of Consistency with my PROFITS Trading because I have taken Time to Study and Read and Re Read
the Entire thread Over and Over Again. If I don't Understand anything I Simply turn it over in my Mind and then ASK
Questions and Thankully I get ANSWERS which I then store in my Brain and USE..... How Simple can this GET !
Once Again PEEPS, DO YOUR HOMEWORK and if in DOUBTH ask Questions but SENSIBLE Ones.
We all have to be Reminded that this Thread is about NAKED TRADING with Little or No INDICATORS, it's an
ART that needs a lot of Practice and Getting used to.
CJ, Once Again thank you for all the Knowledge you have Shared. Rome was not Built in a DAY, we will get there with
hard work. You are greatly Appreciated here.
Many Thanks Y'all,

xrismak
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by daje » Sun Mar 24, 2013 8:54 pm
Heres another tip. Netdania create excellent java based charts. They can set their time to your own computer clock. I
detach a small java window that easily moves around and allows switch between time frames for the focus pair (you can
also watch for the minigaps I mentioned earlier), and the drag expand functions are handy. Shares metals and cross rates
are searchable at this link.
the volume info will also be of a high standard as its independant of broker feed specifics.
http://netdania.com/Products/live-strea ... Chart.aspx
Java window.PNG (28.21 KiB) Viewed 148 times
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Taking a shot on double top, 2 sets of pins high and possible 2nd leg of the "M"....
CJ
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This post was deleted by milanese on Wed May 28, 2014 8:19 am.
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daje wrote:Heres another tip. Netdania create excellent java based charts. They can set their time to your
own computer clock. I detach a small java window that easily moves around and allows switch between
time frames for the focus pair (you can also watch for the minigaps I mentioned earlier), and the drag
expand functions are handy. Shares metals and cross rates are searchable at this link.
That's a good source for tick charts as well Dave. I remember when Ruffy posted the link at FXAW....I still use it on
occasion. Thanks!
CJ
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Captain Jack wrote:Taking a shot on double top, 2 sets of pins high and possible 2nd leg of the "M"....
CJ
El Capitaine CJ,
I took some trades on Friday, later on in the week I will give you a Synopsis of what I did and why I did So, just so that
you understand that I have indeed learnt and taken a Vital Lesson away from this Thread. Indicators are Good but
NAKED Trading Give's One an Edge over the Fox if One can see his Tracks.
Happy Trading Folks,
xrismak
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by daje » Sun Mar 24, 2013 9:09 pm
Captain Jack wrote:
daje wrote:Heres another tip. Netdania create excellent java based charts. They can set their
time to your own computer clock. I detach a small java window that easily moves around and
allows switch between time frames for the focus pair (you can also watch for the minigaps I
mentioned earlier), and the drag expand functions are handy. Shares metals and cross rates
are searchable at this link.
That's a good source for tick charts as well Dave. I remember when Ruffy posted the link at FXAW....I still
use it on occasion. Thanks!
CJ
Yes Cap id be interested in your take on tick volume, spread widening and tick chart action during the stop hunt. Is tick
info helpful? perhaps a little off topic
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by lvdfx888 » Sun Mar 24, 2013 9:11 pm
Captain Jack wrote:

?

Ron
Your level and count appear right, but you are trading on the 1H time frame. The patterns are still the same.
Price was in a range....the a 3 candle push dropped below the range into a stop hunt, this is the pattern.
You just got in early.
I entered my UJ trade at the same point on the 15M time frame, price continued lower on it as well and I
took additional entry at the bottom of the stop hunt, closed it at the top of the stop hunt and rode price
back down into the range with another set of orders.
You need to work on identifying the stop hunts, when they hit the stops low then high in this case.
Sometimes they hit them high then low. Depends on the pair and the trend.
Some pair tend to have more pins than others and are harder to trade. NZDUSD is another one with lots
of pins...
CJ
Thank you CJ for your reply. Back to study ....
The fox drove the price to lower low below L1 retracement. Would this invalidate the 3 level pattern ? Fox would need
to push a long distance to higher high to form L3.
Thanks again. Ron.
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you called it right Captain!
(my personal preference is nothing below 30m for my personal (burned) reasons)
update on the EJ. the question is how many pushes does the Foxy do.
can't tell now but wait.
who knows this may be a level(or not)
they certainly pinned it.
weakness?
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daje wrote:
Captain Jack wrote:
daje wrote:Heres another tip. Netdania create excellent java based charts.
They can set their time to your own computer clock. I detach a small java
window that easily moves around and allows switch between time frames for the
focus pair (you can also watch for the minigaps I mentioned earlier), and the
drag expand functions are handy. Shares metals and cross rates are searchable
at this link.
the volume info will also be of a high standard as its independant of broker feed
specifics.
That's a good source for tick charts as well Dave. I remember when Ruffy posted the link at
FXAW....I still use it on occasion. Thanks!
CJ
Yes Cap id be interested in your take on tick volume, spread widening and tick chart action during the stop
hunt. Is tick info helpful? perhaps a little off topic
My views on the tick level charts are still the same...but I haven't been buried as deep in that material since I've been
toying with this...
As Ruffy says, "Same but different"...
CJ
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i still think at least on the 1H cadjpy has more room to room upwards(putting this out here). i love to get my head
chopped off and grow a new one later.(means tt old one ain't any good)
weakness?
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xrismak wrote:
Captain Jack wrote:
Im still practising my eyes to spot fox trail. I can identify threel levels, W
formation, pins, RRT, pin to the high that does not take out the old high... so Im
looking at NZDUSD right now on the hourly I can see all that, the I'll drop to 15
mins and see that there is M formed... my question is should I now anticipate
bigger M on the hourly time frame ? Or do I have stuffed up skills on tracking...
cheers, hannele
Too early to tell....check in 5-6 hrs....I'm not too sure the "M" you are looking at is the top...
price movement tends to be irregular and choppy at the top...
CJ
El Capitaine CJ,
Dear xrismak,
I am glad to hear to you are starting to make profits with this method and find it simple to follow. I have 7
years of fx trading behind me with indis, systems etc. so I find it still difficult ( old habits die hard ) to just
believe in this simplicity of naked trading but I can see that it does work ( CJ ).
"Once Again PEEPS, DO YOUR HOMEWORK and if in DOUBTH ask Questions but SENSIBLE
Ones." As I have followed hourly and taken notes of this thread since CJ started it, I recall him saying only
dumb question is one that is not asked.... you seem to have a different opinion. Maybe in the future you
could skip my questions and let CJ handle them.
cheers hannele
You owe us Nothing but you have GRACEFULLY Shared with us more than Enough Knowledge on this
Thread to make us Worthy CONSISTENT Traders if we follow the rules and adapt them somehow to our
own Style of Trading, People Need to Invest in themselves ENOUGH Time and Patience to Get the full
IDEA.
I have seen a bit of Consistency with my PROFITS Trading because I have taken Time to Study and Read
and Re Read the Entire thread Over and Over Again. If I don't Understand anything I Simply turn it over in
my Mind and then ASK Questions and Thankully I get ANSWERS which I then store in my Brain and
USE..... How Simple can this GET !
Once Again PEEPS, DO YOUR HOMEWORK and if in DOUBTH ask Questions but SENSIBLE
Ones.
We all have to be Reminded that this Thread is about NAKED TRADING with Little or No
INDICATORS, it's an ART that needs a lot of Practice and Getting used to.
CJ, Once Again thank you for all the Knowledge you have Shared. Rome was not Built in a DAY, we will
get there with hard work. You are greatly Appreciated here.
Many Thanks Y'all,

xrismak
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nicoacademia wrote:you called it right Captain!
It could be working on a Level 2 rise, and that looks like a stop hunt.... they usually hit the stops before moving price.... I
tend to buy the hunt on the up trend and sell the hunt on the downtrend...
They could hit them again on a wider swing...the Asian ranges are blown out now, but some of the more volatile pair are
close to or just beyond center of their ADR ranges... might have to wait for London to get the transactions to really
move it, but still expect a reversal in NY...
EJ is near top of it's ADR ....GJ has room either way....look for the "M" on the EJ....Asian range has already hit 144 pips
on Cyprus news....
CJ
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Captain Jack wrote:
It could be working on a Level 2 rise, and that looks like a stop hunt.... they usually hit the stops before
moving price.... I tend to buy the hunt on the up trend and sell the hunt on the downtrend...
They could hit them again on a wider swing...the Asian ranges are blown out now, but some of the more
volatile pair are close to or just beyond center of their ADR ranges... might have to wait for London to get
the transactions to really move it, but still expect a reversal in NY...
EJ is near top of it's ADR ....GJ has room either way....look for the "M" on the EJ....Asian range has
already hit 144 pips on Cyprus news....
CJ
that's true. despite the fact that EJ can if it wants to run 300 pips(has done a few times already this year). but i have some
resistence from weekly mid pivots and some other pivots from some other systems.
they took it down on one candle to push it up. i'm sure everyone's excited about it. i was riding the long. still am on a few
accounts. closed on some playing it safe. targetting 124 area. they could do it now or LO(london open) it's up to them.
separate from this: do you ever notice something Captain that on mondays when a trend is in place(Foxed) it'll run from
sunday night(EST) all the way through 3 sessions on monday? i've seen it many times where it just goes. wondering if
today will be such a day.(despite all the resistence plays at certain price levels)
weakness?
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lvdfx888 wrote:
Captain Jack wrote:
Sorry to bother you again. I would like to draw some lessons on my GJ trade on
Friday, please kindly give me some guidance:
GJ chart below shows 2 long wicks (red) which looked like a good setup for
level 3 push, then a pull back in NY session. But after trade was entered but
price went south. Luckily the trade was recovered after the long RRT was
formed later and price come back.

2. Price went below L2 low, would the 3 level push is still valid as price seems
heading to L3 ?

Ron
Your level and count appear right, but you are trading on the 1H time frame. The patterns are
still the same. Price was in a range....the a 3 candle push dropped below the range into a stop
hunt, this is the pattern. You just got in early.
I entered my UJ trade at the same point on the 15M time frame, price continued lower on it
as well and I took additional entry at the bottom of the stop hunt, closed it at the top of the
stop hunt and rode price back down into the range with another set of orders.
You need to work on identifying the stop hunts, when they hit the stops low then high in this
case. Sometimes they hit them high then low. Depends on the pair and the trend.
Some pair tend to have more pins than others and are harder to trade. NZDUSD is another
one with lots of pins...
CJ
Thank you CJ for your reply. Back to study ....
The fox drove the price to lower low below L1 retracement. Would this invalidate the 3 level pattern ? Fox
would need to push a long distance to higher high to form L3.
Thanks again. Ron.
I wouldn't say that the drop below level 1 consolidation invalidates anything...it's enticing traders to go short and they
brought it right back up with a RRT pattern..a lot of traders got stuck in that drop....level 2 consolidation is still above
level 1 consolidation...
CJ
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nicoacademia wrote:
Captain Jack wrote:
(my personal preference is nothing below 30m for my personal (burned)

reasons)
It could be working on a Level 2 rise, and that looks like a stop hunt.... they usually hit the
stops before moving price.... I tend to buy the hunt on the up trend and sell the hunt on the
downtrend...
They could hit them again on a wider swing...the Asian ranges are blown out now, but some
of the more volatile pair are close to or just beyond center of their ADR ranges... might have
to wait for London to get the transactions to really move it, but still expect a reversal in NY...
EJ is near top of it's ADR ....GJ has room either way....look for the "M" on the EJ....Asian
range has already hit 144 pips on Cyprus news....
CJ
that's true. despite the fact that EJ can if it wants to run 300 pips(has done a few times already this year).
but i have some resistence from weekly mid pivots and some other pivots from some other systems.
they took it down on one candle to push it up. i'm sure everyone's excited about it. i was riding the long. still
am on a few accounts. closed on some playing it safe. targetting 124 area. they could do it now or
LO(london open) it's up to them.
separate from this: do you ever notice something Captain that on mondays when a trend is in place(Foxed)
it'll run from sunday night(EST) all the way through 3 sessions on monday? i've seen it many times where it
just goes. wondering if today will be such a day.(despite all the resistence plays at certain price levels)
It depends where it is in the 3 day cycle and where they left it parked on Friday....the pairs are staggered in the cycles so
that they all don't move exactly the same way at the same time....
Some will run, some will be in transition and some will range or be held....
CJ

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Took a small position on EURJPY based on ADR range, near the top and 155 pip move in the Asian ....looking for
some pullback....
CJ
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I go to sleep and all hell breaks loose. Common guys couldn't you wait for me till morning!
.
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Captain Jack wrote:Took a small position on EURJPY based on ADR range, near the top and 155 pip
move in the Asian ....looking for some pullback....
CJ
if it does pull in. it could go to 123 area. sets up perhaps another book push for the foxes above the high here for LO.
just trying to see how they push their book.

weakness?
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lisaireton wrote:guess i don't exist.. nevermind then
It would be better if your attitude didn't exist.
Understand 1st and foremost that I trade real money here as I reply to the numerous posts. I have trades to tend and I
look for trades while I'm posting here. Do you have any idea how much time it takes away from my trades to create and
annotate charts and answer the questions put forth here in this thread? I'll place more trades in a day here, than most do
in a month, 6 months or a year. Cut me a break.
I saw what you posted on USDJPY...If you have been reading the thread, you would know that there are 2 pins high, on
the chart you showed me. I'm short 2 JPY pair here so what does that tell you? You have a long position established and
as much as I would like to tell you what to do and how to manage your trade, well not really, it's your trade.
When I have time, I respond to all the questions here. It's not my problem if you don't have the patience to wait for a
reply.
To exist or not is up to you, but ditch the "ATT"!
Edited to say, Actually, it's not up to you, it IS up to me!
CJ
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by mjws00 » Sun Mar 24, 2013 10:29 pm
Heh. I was thinkin the same thing, Angat. Gaps have done their thing. I'm rested up and waiting for you London boys
to make something fun happen. Gotta grab me some tea and start poundin charts.
Green pips and a great week, to all brave enough to crush this thing.
Mike
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just a quick word to lisaireton and everyone else.

you didn't pay for anything either.
if Captain chooses to answer anyone then it is by his grace he does.
the level of advice The Captain is dishing out is worth real $$.
i subscribe to a few $$ subscriptions to increase my learning and Captain's skill, effort and insight is right up there with
them.
so wake up your damn idea.

no one is going to spoon feed you.
and with that kind of attitude you are 30 trades to blowing up a real account.
that i can guarantee you.
weakness?
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heads up on the EU. USD looking stronger.
weakness?
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USDCHF to rise to complete the big W ?

.
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Angat wrote:USDCHF to rise to complete the big W ?
good call.
as what steve nison would say "crack and snap"
and what a crack.
another piecing of a mosaic with usd strength.
weakness?
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nicoacademia wrote:
good call.
and what a crack.
130325 uchf.png
Not 100% sure where the daily weekly trend is going, I'm long but hesitant about it.
.
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lisaireton wrote:guess i don't exist.. nevermind then
Riddle me this....
What do you and Elvis Costello have in common?
CJ
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nicoacademia wrote:
good call.
and what a crack.
130325 uchf.png
I got some of the spike in AUDCHF at the same time....
CJ
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Captain Jack wrote:
nicoacademia wrote:
good call.
and what a crack.
130325 uchf.png
CJ
Both pairs seems bearish to me. I'm not sure if USDCHF will complete the big W in this case and may head south. What
you rekon CJ?
.
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Angat wrote:
nicoacademia wrote:
good call.
and what a crack.
The attachment 130325 uchf.png is no longer available
Not 100% sure where the daily weekly trend is going, I'm long but hesitant about it.
guess its the start of the new week. plus Foxes will be looking at their books and seeing how the market has set up from
cyprus and looking out into the future news events.
and then there are the 3 day cycles that just cleared up.
weakness?
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Angat wrote:
Captain Jack wrote:
nicoacademia wrote:
good call.
and what a crack.
130325 uchf.png
CJ
Both pairs seems bearish to me. I'm not sure if USDCHF will complete the big W in this case and may
head south. What you rekon CJ?
Just scalping some news spikes here and looking for them to pull back towards center...
CJ
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Man I may go back to bed, I missed all the action!
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RJo wrote:
Captain Jack wrote:
RJo wrote:Don't get mad... get deleting, or maybe warning.
If anybody wants to beat the dead horse...
Well, I obviously failed to lighten the mood.
More importantly, I was attempting to point out that your mod status (green name) means that you can
delete anything you deem inappropriate for your thread--rather than replying to it. I figure... why rant when
you have the power of erasing pollution completely? Try it out on this post if you like.
Pock Pock Pockuckk! [RJo's edit: Meeeeeow!--if necessary, a mod can even put words in someone else's mouth.]
.
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by lvdfx888 » Sun Mar 24, 2013 11:39 pm
[/quote]
I wouldn't say that the drop below level 1 consolidation invalidates anything...it's enticing traders to go short and they
brought it right back up with a RRT pattern..a lot of traders got stuck in that drop....level 2 consolidation is still above
level 1 consolidation...
CJ[/quote]
Thank you Captain.
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by mjws00 » Sun Mar 24, 2013 11:42 pm
Nico, you crack me up. Use hunting metaphors man Traders never admit they know of such things
LOL. Nice charts too man. (And you are dead on, imho even if that is bloody sick.)
Mike
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mjws00 wrote:Nico, you crack me up. Use hunting metaphors man Traders never admit they know of
such things
Mike
just putting on the chart what our Great Captain has put in so much effort to display to us.
its not just the pieces. but the package Captain puts together that me up.
weakness?
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nicoacademia wrote:
mjws00 wrote:Nico, you crack me up. Use hunting metaphors man Traders never admit
they know of such things
Mike
Very funny, however I hope you dont offend any of our female traders.
.
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by mobthehop » Mon Mar 25, 2013 12:05 am
CJ,
I would like to express my apologies for having caused such a ruckus with my question yesterday.... Most members here
are genuinely interested to learn and, as you said yourself, I for one, have preconceived notion and concepts that need to
be "un-learned" in order to follow / appreciate your methodology.
Without going back into the details, thanks for clarifying my question, it was not posted out of doubt or spite or to rile
you - just out of need for further clarification...
Any heckler, serial doubter or similar will be dealt with swiftly by the vigilant admins here - you have been awarded that
privilege as well!
Cheers & hope you accept my apology in the spirit offered
Mop
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by hannele » Mon Mar 25, 2013 12:06 am
nicoacademia wrote:
mjws00 wrote:Nico, you crack me up. Use hunting metaphors man Traders never admit
they know of such things
Mike
Foxes sniff for the scent of the red stuff no?
Nico
We are here as traders, no gender remarks or put downs or innuendo based on gender. If you experience periods
yourself or you are a doctor on this field I think you would be entitled to have opinion/some sort of statement but not
here. What you have written is incorrect and offensive in so many levels I would not know where to start.
hannele
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by nicoacademia » Mon Mar 25, 2013 12:13 am
hannele wrote:
nicoacademia wrote:
mjws00 wrote:Nico, you crack me up. Use hunting metaphors man Traders
never admit they know of such things
LOL. Nice charts too man. (And you are dead on, imho even if that is bloody
sick.)
Mike
Nico
We are here as traders, no gender remarks or put downs or innuendo based on gender. If you experience
periods yourself or you are a doctor on this field I think you would be entitled to have opinion/some sort of
statement but not here. What you have written is incorrect and offensive in so many levels I would not
know where to start.
hannele
my sincere apologies if you are offended.

i meant no harm. but just sharing my experience taking care of my girl's needs and in my wronged mind there was a
parallel.
i'm deeply sorry to you.

weakness?
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mobthehop wrote:CJ,
I would like to express my apologies for having caused such a ruckus with my question yesterday.... Most
members here are genuinely interested to learn and, as you said yourself, I for one, have preconceived
notion and concepts that need to be "un-learned" in order to follow / appreciate your methodology.
Without going back into the details, thanks for clarifying my question, it was not posted out of doubt or
spite or to rile you - just out of need for further clarification...
Any heckler, serial doubter or similar will be dealt with swiftly by the vigilant admins here - you have been
awarded that privilege as well!
Cheers & hope you accept my apology in the spirit offered
Mop
No apologies needed Mop and I know it wasn't posted to cause a problem. It ended up going in the wrong direction.
Like I said in the beginning of the thread, lose all of what you know and start over. The MT4 platform is no different than
a slot machine is Vegas. It has all the bright pretty colors and any sounds you like. Just drop your $100.00 bills in and hit
the order buttons.
Sometimes people don't "hear" what I'm saying because they end up listening to what they are saying instead of paying
attention to what's being said to them. Sometimes, I might think I'm saying something that is obvious to me, but it may not
be to the person I'm saying it to. It get's frustrating from my point of view because it's the same stuff over and over and
nothing ever comes of it. Never has and never will.
The only thing you need to be concerned about with broker time is getting the settings of your sessions correct.
The questions and responses will be left in the thread. This "should" keep any late comers to the thread from having to
pose the same questions on broker time and or candle differences. I hate having to answer something 2, 3, 4, 5 times or
more. That's not going to happen.
Let's get on with the hunt!
CJ
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so... more of the Captain's 3 day cycle.
i first heard of it from Austin Passamote mentioning that currencies tend to not stay in the same place for more than 2-3
days. and expect a big move after that.
Dan Fitzpatrick calls it..."the smart money sells on day 1...the semi-smart money on day 2...and then the dumb money on
day 3."
here's how USDJPY has moved since end Feb. it's not perfect but it's roughly there.
i think it helps to some point.

(i'll post EURUSD after lunch. it's alot more choppy and newsy. will be interesting to look at.)
weakness?
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by mjws00 » Mon Mar 25, 2013 1:59 am
Well boys here are some confusing pictures. EU has got me wondering what is up. On our 1H chart I see three nice
pushes. We have a perfect setup for a nice stop hunt north and then drive it down. 50 pip run throws this right into the
perfect sweet spot for a turn.
But they could easily shake it up a bit in here if we zoom out a little.
4H they have put in a bottom and started trapping late shorts... Nice pins and a pretty little W we could buy in the
1.2900 range.
Kinda feel like if I sell into this rally, even on a pretty M.... They will sweep it and cause me suffering.
Goofy muddled count with a gap that is technically not filled. They let a LOT of trapped bulls off the hook with the last
pushes up. So it is really just those bears that sold the lows and the fakes around 1.2880 that are in pain. 1.2905 would
be a beauty test down low.
Could be interesting. I can see a dozen moves they could make on this chart. CJ what am I missing? I see run north, kill
weak bulls south, turn back north. But also potential to put in a longer TF bottom here.
Mike
Tighter 1h
Wide view
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mjws00 wrote:Well boys here are some confusing pictures. EU has got me wondering what is up. On our
1H chart I see three nice pushes. We have a perfect setup for a nice stop hunt north and then drive it down.
50 pip run throws this right into the perfect sweet spot for a turn.
But they could easily shake it up a bit in here if we zoom out a little.
4H they have put in a bottom and started trapping late shorts... Nice pins and a pretty little W we could
buy in the 1.2900 range.
Kinda feel like if I sell into this rally, even on a pretty M.... They will sweep it and cause me suffering.
Goofy muddled count with a gap that is technically not filled. They let a LOT of trapped bulls off the hook
with the last pushes up. So it is really just those bears that sold the lows and the fakes around 1.2880 that
are in pain. 1.2905 would be a beauty test down low.
Could be interesting. I can see a dozen moves they could make on this chart. CJ what am I missing? I see
run north, kill weak bulls south, turn back north. But also potential to put in a longer TF bottom here.
Mike
not sure if this is counterproductive but the same pattern is seen on the dollar index. which is 67-orsomething% weighted
to the EUR, then the JPY, then GBP...etc...etc...
edit:i guess we have to wait for the patterns W/M to form n then proceed from there. i guess its safer. EU1H does look
like its starting to prong an M formation.
but what do i know.
for those 10.4 traders. EU is at a midpivot. and also at the 200 LWMA(O)(i modded to 200)
and here is the eurusd1h daily cycles. it's quite zoom zoom i guess cos of the news.
but if it lulls to 3. a reverse move is expected. (actually most just go 1-2. 1-2. 1-2. some even just 1 within one of the
day's 3 sessions).
doesn't mean a 3 means it's going to hell. it just tilts the odds/favour/book probability that profit to push is in the opposite
direction.
think of the foxes looking at the books.
weakness?
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EURCAD
Short at previous Short-Level
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EURUSD and AUDUSD

Monitoring carefully
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GBPAUD
I giv it a try to the long side
Edi
Wrong Button sell instead buy...
Close trade.
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updates on the DXY. but from the price of the EU and the M it formed (pins!)
you know what the DXY would look like.
weakness?
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USDCAD
Buy here
Edi
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Captain hit it out of the park shorting EJ and CJ before he(i think) went to sleep. 70+on the EJ!
weakness?
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GBPCAD
Sterling is a bit stronger then Euro
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swisscheese wrote:EURUSD and AUDUSD

No time for more trading today, off for meetings
Cheers
Edi
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swisscheese wrote:
swisscheese wrote:EURUSD and AUDUSD

No time for more trading today, off for meetings
Cheers
Edi
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swisscheese wrote:GBPCAD
Sterling is a bit stronger then Euro
GBPCAD to BE
Loonie and Aussie are not doing like I would like...
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All trades closed (+100 Pips)
Adios
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This post was deleted by fxozgirl on Sat May 10, 2014 12:50 am.
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fok wrote:
swisscheese wrote:All trades closed (+100 Pips)
Adios
Have a good day.
Did close EU for nearly 40 pips profit, entry was little late, was scared to go short at the high of the session
(Pin bar and railroad top), nice M formation.
just throwing this out there.

will you wait for another pin and the 2nd leg of the bigger M formation to reshort this?
weakness?
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waiting for the pins.
weakness?
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by Amit » Mon Mar 25, 2013 5:46 am
Could it be the beginning of a bigger W on m15 ...for the ride upto 3080 ?
fok wrote:
nicoacademia wrote:waiting for the pins.
130325 euM.png
The second leg of the W formation (15 min) inside the anticipated M formation (1 h) is tradeable.
I start seeing sooo many W's and M's ...
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by Aus67 » Mon Mar 25, 2013 6:25 am
Anyone considering the AudChf on the longer time frames?
Could be wrong but looks like continued trapping of short volumes before heading through the round number
Any thoughts?
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Staedtler wrote:
fok wrote:
swisscheese wrote:All trades closed (+100 Pips)
Adios
Have a good day.
Did close EU for nearly 40 pips profit, entry was little late, was scared to go short at the high
of the session (Pin bar and railroad top), nice M formation.
where can i get the indicator your using showing high's and lows in that neat little box formation ?
This is no Indicator
It's just an Rectangle drawn by my self.
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No great setups at the moment, the only thing I may get into is a short on the eurusd for hopefully 30 pips or so.
.
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by SteveHopwood » Mon Mar 25, 2013 6:45 am
Captain Jack wrote:When I have time, I respond to all the questions here. It's not my problem if you
don't have the patience to wait for a reply.
To exist or not is up to you, but ditch the "ATT"!
Edited to say, Actually, it's not up to you, it IS up to me!
CJ
It is worthwhile noting the colour of CJ's name. He has the power, and my backing, to cause anyone to cease to exist
here on this forum.
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GBPAUD
Pinbar on nice Level
Edi
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Sterling getting stronger
Edi
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Angat wrote:No great setups at the moment, the only thing I may get into is a short on the eurusd for
hopefully 30 pips or so.
May go long instead based on that W forming on the 30mins or I may take a nap till NY open, as I'm not feeling this
today.
.
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by pips400 » Mon Mar 25, 2013 7:43 am
Angat wrote:
Angat wrote:No great setups at the moment, the only thing I may get into is a short on the
eurusd for hopefully 30 pips or so.
May go long based on that W forming on the 30mins or I may take a nap till NY open, as I'm not feeling
this today.
Yeah, I don't like it much either, think NY is a good idea. Got a couple of wins and losses, but down overall. Theory's
one thing, putting into practice live is a whole 'nother thing
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by Amit » Mon Mar 25, 2013 7:47 am

Only been two levels of drop on GU so far , not with standing the pinbar , which I dare say could soon be negated in the
next candle.
Just my two bit.
swisscheese wrote:Sterling getting stronger
Edi
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Jen-Pairs pushing higher!
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by sdouglas3 » Mon Mar 25, 2013 8:19 am
Eut/Usd fell out of the possible W it was forming. It may have turned into a second push down.
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Aussie
Again short, very nice Candle forming on a lovely Level.
Edi
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sdouglas3 wrote:Eut/Usd fell out of the possible W it was forming. It may have turned into a second push
down.
Yeah, I managed to get some pips short so BE for EU.

.
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AUDUSD falling, unsure if it will create a bigger M tho.

.
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Keep an eye out for stop hunts between 9-9:30am....session change over time....I'll be out for a bit....
NZDUSD, USDCAD, EURAUD, AUDUSD, AUDNZD, AUDCAD, AUDJPY...watch list....
CJ
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Captain Jack wrote:Keep an eye out for stop hunts between 9-9:30am....session change over time....I'll
be out for a bit....
CJ
thanks Captain for the heads up!

You rocked the Asian extended back into range trade!!!
weakness?
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by lvdfx888 » Mon Mar 25, 2013 8:57 am
CJ
CJ, Which time zone is it ?
Ron
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lvdfx888 wrote:
Captain Jack wrote:Keep an eye out for stop hunts between 9-9:30am....session change
over time....I'll be out for a bit....
NZDUSD, USDCAD, EURAUD, AUDUSD, AUDNZD, AUDCAD, AUDJPY...watch

list....
CJ
Ron
Check his location under his avatar then google it

.
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by pips400 » Mon Mar 25, 2013 9:08 am
NY Session now open, looking out for reversals, but got a meeting coming up, so not sure if I'm going to be able to be
around at the right moment
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by lvdfx888 » Mon Mar 25, 2013 9:11 am
Angat wrote:
lvdfx888 wrote:
Captain Jack wrote:Keep an eye out for stop hunts between 9-

9:30am....session change over time....I'll be out for a bit....
NZDUSD, USDCAD, EURAUD, AUDUSD, AUDNZD, AUDCAD,

AUDJPY...watch list....
CJ

Ron
Check his location under his avatar then google it
It's the same time zone as NY.
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by mjws00 » Mon Mar 25, 2013 9:39 am
So no traditional stop hunts last night. Looks like they had enough trapped to just straightaway on down. EJ, EU, GU
did however treat me nicely. Though the foxy one retraced far enough to take a BE stop after taking profit on EU. Price
I pay for reducing risk to zero while sleeping. Ahh well, she'll let me aboard again. Not trading these back into the zone.
Will have breakfast with the family instead. Back to flat. 4 good size trades running is enough for this mellow hunter.
Hope the pips were green. The board certainly ran nicely.
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i'm still holding that EURUSD short from earlier. but looking to exit about here. cheers. +156pips.
weakness?
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by mjws00 » Mon Mar 25, 2013 11:03 am
Nice. I was definitely out a little early on this batch. I hate retraces so just take profit and re-enter. Couldn't stick around
to get in on the second leg like I'm sure you did either. Such is the life of a crap timezone, and a need to function as a
human during business hours.
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mjws00 wrote:Nice. I was definitely out a little early on this batch. I hate retraces so just take profit and
re-enter. Couldn't stick around to get in on the second leg like I'm sure you did either. Such is the life of a
crap timezone, and a need to function as a human during business hours.
I was fooled by EU's second push down. I dont advise trading with no sleep.
.
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by mjws00 » Mon Mar 25, 2013 11:14 am
Sick how it looks so textbook in hindsight isn't it. Perfect 3 push down. Slam on the brakes. Now they just shove it back
in to the zone a bit to trap weak bears at the bottom and make em sweat while taking profit.
Pretty work on EU
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by themaxx » Mon Mar 25, 2013 11:36 am
Very helpful Nev. Intellectually I understand CJ's way of trading but I struggle with the application. It really helps see a
step by step implementation - thank you.
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by Mescalitofx » Mon Mar 25, 2013 11:40 am
GBPJPY
5 min W clearly forming, ready for the 3rd leg up I hope before a BIG drop down.
lets focus 15 min for comfirmation and loading additional lots...
UP she goes....
...
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by oconnor365 » Mon Mar 25, 2013 11:45 am
Hi Nev
Excellent step by step explanation and screenshots . As with Maxx , I have a little problem identifying certain set ups but
with posts like yours its a little clearer....looking forward to further..
Many thanks to CJ and this great thread
T
[/quote]
followNev wrote:firstly thank you to Steve and Captain for the thread and the heads up.
I am a great believer that anyone can learn to trade but being taught to trade is almost impossible.
However, once a trader has tried, tried and tried again to understand a lot of concepts to do with trading,
sometimes someone comes a long and clears away the fog and highlights the simple truths.
I'm a big fan of no indicators and the indicators that I put on the charts every now and then are some what
of a comfort blanket when I feel Fearful or Lost, or maybe stabilizers when I feel a little unsure of what the
charts are telling me.
However, one thing that I read / learnt or ingested somewhere along the trading journey was that trading
should be easy and the trades should jump off the chart , punch you in the face and as it does that your
instant reflex as a trader should be to take the trade.
I really started to go back through the charts and put into practice a few things that Captain Jack has
written in this thread and look for the patterns that repeat and that I know are to be High Probability set
ups.
Today has been a good day and although the month has been a bit of a damp squib for my trading today
has brightened my day/month and year and I feel glad to be able to tell myself "it only takes 1 good trade ,
to get back on track". I can say without prejudice all the losses this month were many and small , compared
to the win this trade, thanks to Captain Jack and our merry bunch of trading folk has made me.
Sorry for the big ramble, I just wanted to say THANK You. !
The trade
AUD/USD.
Started by scanning the charts for a reversal or topping pattern. Found this one on the AUD/USD H4 chart
http://content.screencast.com/users/fol ... estick.gif
hanging man is a high probability pattern but I needed some confirmation that this could be at the top of a
move.
There had been 3 obvious pushes up, keeping with one of Captain Jacks confluence set ups.
http://content.screencast.com/users/fol ... s%20up.gif
For my benefit I placed a CCI indi on the chart just to make sure we were still at an extreme.
Moved down to an m15 chart, waited for an M to start forming, got the two peaks and for my own benefit
of being sure, waited for price to close below an 8 EMA
http://content.screencast.com/users/fol ... attern.gif
Kerching ....
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by FocalPip » Mon Mar 25, 2013 12:21 pm
Hi Nev,
I'd like to thank you as well. I'm still trying to get up to speed. Can you tell me how you determine what is a stop hunt
and what is the top of a leg on your AUD/USD H4 chart? Thank you.
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by hamburglar » Mon Mar 25, 2013 12:35 pm

CJ
start.
ScaleVolume.gif
build.
Lifesys,
Thank you for this. When you set risk percent to 0 the lots is set to .01 and sent as pending?? It seems the script is
ignoring when risk is set to 0 and not evaluating the lots again. If you set lots to 1 the scaled should divide that by the
numscaledtrades and rounded if needed. I think it might be worth changing the script ScalingScriptCloseALL to just
close the pending orders for that specific pair when dragged to the chart, not all pending orders. Just a few things i
noticed. Are you wanting to work on this?
thanks Jim
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For me it's a black day ... get stopped on long EU, long GA after a couple of addins ...
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by Fable » Mon Mar 25, 2013 12:57 pm
themaxx wrote:Very helpful Nev. Intellectually I understand CJ's way of trading but I struggle with the
application. It really helps see a step by step implementation - thank you.
+1
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by mjws00 » Mon Mar 25, 2013 1:07 pm
Heh. I understand the frustration, Lio. Look at EJ tank. Had heavy near perfect entries at ~126. and again at ~123.7.
Didn't begin to bank all that. Even left some to run... but they deftly took out my runners and continued.
Is perfection really too much to ask?

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I have a feeling AUDUSD and NZDUSD might not drop today, it may range, retest the high and fall tomorrow. What
you guys think?
.
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A bit late to trade today but what are you guys thinking about that EJ pin (forming) ?
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by Amit » Mon Mar 25, 2013 1:40 pm
I can still see only L1 on EU and currently L2 in progress. Is that correct ?
Nev pretty nicely explained...took my entries same way , barring the fact that I used fib to check AU levels today on D1
and then entered on m5.
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by mjws00 » Mon Mar 25, 2013 2:00 pm
I think that pin is a 100 pip bounce. To stop this much momentum they'll have to make some moves and unload imho.
I'd laugh pretty hard if they ran it 200+ back. There is a lot of weak money just looking for an excuse to cover. I think
they make 121.40ish easily. Which stops it off Last weeks low and close to ATR for the day. Not sure who NY want to
leave hanging yet. But late shorts are getting burned hard right now.
For those following along with 10.4. This was picture perfect use of weekly pivots.
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mjws00 wrote:I think that pin is a 100 pip bounce.
Lol yeah ! Until bar is closed, nothing is set
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by Mescalitofx » Mon Mar 25, 2013 2:06 pm
seems i entered to early.... well i entered at the PIN low GbpJPY higher LOTsize
Averaged Breakeven +20 OUT. finished. Next.... keep control of losses better make them profits. is more risky, but
when it drops so fast a response up goes easy.... FLAT... take profits of table and run before the train starts moving in
the opposite direction. ofcours it can get higher.. but better play short on the ball.. and get what u can get...
Wrong call this time from me but managed it to be breakeven at least.
refresh mind and look for next setup..
...
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by websie » Mon Mar 25, 2013 2:13 pm
I entered on the pin of USDJPY H4, going ok so far
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websie wrote:I entered on the pin of USDJPY H4, going ok so far
H4 pins doesn't look the same for everyone. Can be touchy sometimes ...
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Guys is this GCAD count m15 correct ?
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Amit wrote:Guys is this GCAD count m15 correct ?
Difficult to see a M there at that time. Of peak hour I would rather look at the bigger timeframes (h1+)
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ON h1 there is only one level of drop.. hence i zoomed down to m15..
thanks.
lhDT wrote:
Amit wrote:Guys is this GCAD count m15 correct ?
Difficult to see a M there at that time. Of peak hour I would rather look at the bigger timeframes (h1+)
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El Capitaine CJ,
Dear xrismak,
I am glad to hear to you are starting to make profits with this method and find it simple to follow. I have 7 years of fx
trading behind me with indis, systems etc. so I find it still difficult ( old habits die hard ) to just believe in this simplicity of
naked trading but I can see that it does work ( CJ ).
"Once Again PEEPS, DO YOUR HOMEWORK and if in DOUBTH ask Questions but SENSIBLE Ones." As I have
followed hourly and taken notes of this thread since CJ started it, I recall him saying only dumb question is one that is not
asked.... you seem to have a different opinion. Maybe in the future you could skip my questions and let CJ handle them.
cheers hannele
HANNELE,
I beg your Pardon ! I did not make Reference to any of your Questions in any Shape or Form on this Thread as not
Sensible . The Sensible Questions thing was a Figure of Speech not Particulalry Directed at You .
My Post was for Everybody, Where is all this Animosity coming From
You Stay Cool...
xrismak
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CJ
El Capitaine CJ,
Like I told you earlier this Morning, the Posts are Coming, It's been a while since I made Money So fast and this Easy,
this kind of feels like a Good Dream.... but it's Real Money and
it's on a Live Account.
Thank you so Very much.
xrismak.
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And what about this.. .. Maybe a little rise up before NY close. Btw today was really crazy day..
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Kruspe wrote:And what about this.. .. Maybe a little rise up before NY close. Btw today was really
crazy day..
Kruspe,
What Currency was that !
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EUR/USD... sorry, I didn´t mention it

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by Aus67 » Mon Mar 25, 2013 4:22 pm
Any thoughts on whether the EURUSD on daily chart being at level 3 or still on a 2
I wonder if the smash down today was a result of the huge put option CJ mentioned the other day?
or if it has more to go...
comments anyone
sorry guys attached is the 4hour chart...but you can see the levels clearer on the daily.
cheers daryl
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You´re right Asus, daily TF scares me a little bit ... btw USDCHF looks fine too, I opened a little sell with tight SL
and TP,no big deal.. maybe it´s too late and I could stuck in tight Asia range. Price is in previous days highs zone, check
it.
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by SWG123 » Mon Mar 25, 2013 5:39 pm
FocalPip wrote:Hi Nev,
I'd like to thank you as well. I'm still trying to get up to speed. Can you tell me how you determine what is a
stop hunt and what is the top of a leg on your AUD/USD H4 chart? Thank you.
This might help. Spreads usually widen momentarily at NY close. Is it a stop hunt? I'm not sure, but look at the effect on
this chart. the blue line is 8 pips tall. It straddles obvious S/R levels - multiple previous highs and lows. The spread briefly
widens to almost 8 pips, dragging in all stops and limits in that range. You can see how, if done as a result of
manipulation, this would benefit a dealer...
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by f451 » Mon Mar 25, 2013 8:03 pm
CJ,
Would you mind running through what steps you take in doing your chart homework to create your daily watchlist?
cheers
Simon
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f451 wrote:CJ,
Would you mind running through what steps you take in doing your chart homework to create your daily
watchlist?
cheers
Simon
It's fairly easy...I start with the D1, H4 and H1 time frames, looking for level 1 or level 3's in the bigger cycles. I do this
for every pair. Then I'll drop down into the 15M and look for the correct setup to enter.
Look for pairs that are at the Hi or Lo of yesterday/today, near the extremes of the ADR. You want to trade the "edges"
in on each setup, not the centers out. I'm a lazy and sloppy trader at times and when I'm confident of of a pairs direction,
I'll take an early entry during and not wait for the optimum setup. Too many people try for the "perfect" setup. as long as
I can grad a nice piece of a move, I'm happy. It's about making money and it works for me.
Here's one that looks good for a possible drop so I'll keep my stops just above the high and may allow it to move 25
pips or so past...if they don't get the orders they want, they will bump it a bit further to add to their positions...sometimes
you see that "M" at the top but then it pops up 25 pips or so past it...
GBPCHF...looking for the pullback....if it "pops" I'll add on...
CJ
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Here's another one that's had a large move off the news yesterday....looking for them to bring it back to book some
profit, perhaps a 50% retrace....Looking to add on a drop near the indicated location....
CJ
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Another one I'll be watching..."X" marks the spot....
CJ
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GBPJPY.....looks like a candidate.....
CJ
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There's a lot of good looking setups out there tonight....
CJ
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Look familiar?
CJ
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Another....take a look at some of these on the H4 and D1 time frames as well....
CJ
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by nicoacademia » Mon Mar 25, 2013 8:52 pm
Captain Jack wrote:There's a lot of good looking setups out there tonight....
CJ
they really reset the board on alot of JPY pairs.

weakness?
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USDCHF.... everybody should watch these play out later, I'm in some as I may not be around later...
CJ
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nicoacademia wrote:
Captain Jack wrote:There's a lot of good looking setups out there tonight....
CJ
they really reset the board on alot of JPY pairs.
Big moves for a Monday....but then the greedy bastards can't waste a bit of news...
CJ
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Others in the "watch"....AUDJPY, AUDCAD, CADJPY, EURCHF, EURCHF, EURJPY, GBPCAD, GBPAUD,
USDCAD, NZDUSD....like I said, a lot of good looking sets tonight....
CJ
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followNev wrote:
FocalPip wrote:Hi Nev,

Can you tell me how you determine what is a stop hunt and what is the top of a leg on your
AUD/USD H4 chart? Thank you.
Personally I don't think in those terms, so can't help you there. However, if I were to describe my
methodology based on everything I have ever learned and cleared up by Captain Jacks teaching it would
be.
1. Scan Daily charts for Reversal / Topping Patterns eg. Inside Day, Tweezers, RRT's, Pin Bar, Hammer,
Shooting Star, Hanging Man, morning or evening star, spinning top.
2. Scan H4 charts for Reversal / Topping Patterns. as per D1
Draw a Trend Line to see if there is any confluence with a trend line bounce, as most times a trend line
holds rather than breaks. Also, now that I am aware of the Trend Line patterns called Bump and Run
Reversal i'll be very mindful of how that will be potentially effecting things.
When the Trend is established, look to see if there are 3 clear pushes. Then try and determine whether the
Reversal or Topping chart pattern is at the end of the potential 3rd push ?
If there is confluence with the above, move down to a m15 chart.
Look to see whether there is any sign of a M or W forming as described by Captain Jack.
Double bottoms = Buy
Double tops = Sell
However, personally I will always wait for the candle to confirm by closing (in the direction of the trade)
across an 8 ema , moving average.
From then on its trade management.

My style of managing the trade is to get to Break Even, then wait for a swing high or low, can be confirmed
with the CCI indicator, when the Swing is established i move the stop to it, eventually getting stopped out
for whatever the market could give me.
http://www.thepatternsite.com/CandleEntry.html - candle stick patterns

http://stockcharts.com/school/doku.php? ... n_reversal - bump and run reversal
http://www.candlestickforum.com/PPF/Par ... estick.asp - candlestick patterns
http://www.investopedia.com/terms/g/gartley.asp - variations of double bottoms and tops, with a bit of
maths.
http://www.investopedia.com/terms/s/swinglow.asp - swings for placing stops
http://www.dailyfx.com/forex/education/ ... Forex.html - how I trade by using the CCI (for confirmation
only)
What I am learning is that there are a lot of ways to describe the same thing. Essentially there is a trend or a
range. Whether it be Elliot Wave theory, a 123 or ABC-D pattern, the idea is to recognise the 3 pushes
and try not to lose all your pips in the ranges/consolidation periods.
It is better to buy low and sell high, so even when trading a breakout , wait for a higher probability set up,
where the market pulls back.
I have read a tonne of books and paid for courses. Everything you need to learn can be learnt by reading
everything Captain Jack writes. Best of all its free, clear and very concise.
Don't get bogged down with the whys and wherefores. Stop Hunts, Consolidation periods, ranges,
distribution and accumulation just relates to support and resistance. For that , just look left on your chart
and see where it happened before. Try to Not enter a trade directly into know support or resistance as
you'll get spooked out of your trade when it reverses or gets whipped about.
Your input here is a valuable addition to the thread as is those of the many others who participate. Just wanted to say
thanks and welcome to the thread.
CJ
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Hi Captain,
I am not able to understand why ( tho I see the setup) one would look for GCAD longs here since , isnt it , just a level
one drop on h1 so far ?.. So why are we looking at a contra trade?
had posted this a few hrs back also alongwith chart. If you could please clarify
thanks
Captain Jack wrote:Others in the "watch"....AUDJPY, AUDCAD, CADJPY, EURCHF, EURCHF,

EURJPY, GBPCAD, GBPAUD, USDCAD, NZDUSD....like I said, a lot of good looking sets tonight....
CJ
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xrismak wrote:
End of Story 1.png
Started From Here on Friday 1.png
Captain Jack wrote:Keep an eye out for stop hunts between 9-9:30am....session change
over time....I'll be out for a bit....
NZDUSD, USDCAD, EURAUD, AUDUSD, AUDNZD, AUDCAD, AUDJPY...watch

list....
CJ
El Capitaine CJ,
Like I told you earlier this Morning, the Posts are Coming, It's been a while since I made Money So fast
and this Easy, this kind of feels like a Good Dream.... but it's Real Money and
Started From Here on Friday 1.png
it's on a Live Account.
Thank you so Very much.
xrismak.
Good trading! It's always best when it's on a live account and not demo....On to the next trade!
CJ
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lhDT wrote:A bit late to trade today but what are you guys thinking about that EJ pin (forming) ?
You're catching on Lio... there's been several pushes lower and if you can get in low on these, jump on them.
Sometimes, they drop it, pull it back and then drop again, to give people a second chance to short it...If they do, buy
it....
CJ
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Kruspe wrote:And what about this.. .. Maybe a little rise up before NY close. Btw today was really
crazy day..
When you see the tick volume starting to dry up, it's an indication they are loosing the number of transactions it takes to
keep moving price.... it's called exhaustion....
CJ
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Amit wrote:Hi Captain,
I am not able to understand why ( tho I see the setup) one would look for GCAD longs here since , isnt it ,
just a level one drop on h1 so far ?.. So why are we looking at a contra trade?
had posted this a few hrs back also alongwith chart. If you could please clarify
thanks
Captain Jack wrote:Others in the "watch"....AUDJPY, AUDCAD, CADJPY, EURCHF,

EURCHF, EURJPY, GBPCAD, GBPAUD, USDCAD, NZDUSD....like I said, a lot of
good looking sets tonight....
CJ
Don't get stuck on one time frame....when you can't see something on one time frame, look to another...
CJ
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by Durante » Mon Mar 25, 2013 11:26 pm
Aus67 wrote:
I wonder if the smash down today was a result of the huge put option CJ mentioned the other day?
comments anyone
Not sure about either of those questions and would say may be to both. What I would remind everyone is that this
thread has been going for less than a month and there is still plenty to see and learn regarding the foxes tricks. This is the
last week of the month and the quarter to boot, that always equals very large swings, so protect your margin as well as
you can and prepare for the turn
Durante
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Durante wrote:
Aus67 wrote:
I wonder if the smash down today was a result of the huge put option CJ mentioned the other
day?
comments anyone
Not sure about either of those questions and would say may be to both. What I would remind everyone is
that this thread has been going for less than a month and there is still plenty to see and learn regarding the
foxes tricks. This is the last week of the month and the quarter to boot, that always equals very large
swings, so protect your margin as well as you can and prepare for the turn
Good advice that I had overlooked until now. Window dressing at the end of the quarter is always messy. Trade safe.
CJ
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by nicoacademia » Tue Mar 26, 2013 1:01 am
Captain Jack wrote:

Durante wrote:
Aus67 wrote:
I wonder if the smash down today was a result of the huge put option CJ
mentioned the other day?
comments anyone
Not sure about either of those questions and would say may be to both. What I would remind
everyone is that this thread has been going for less than a month and there is still plenty to see
and learn regarding the foxes tricks. This is the last week of the month and the quarter to
boot, that always equals very large swings, so protect your margin as well as you can and
prepare for the turn
Good advice that I had overlooked until now. Window dressing at the end of the quarter is always messy.
Trade safe.
CJ
and a shortened week in the cash market indicies too!

(and a slew of US data too.)
(and europe lurking too.)
weakness?
nicoacademia
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by Aus67 » Tue Mar 26, 2013 1:38 am
Traders
Does anyone agree with the nzdusd being on a level 2 at the moment or have i seen this incorrectly and we are not at a
level three onthe 4H chart?
cheers
Daryl
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by magdelen » Tue Mar 26, 2013 3:01 am
Had the day off work yesterday, just thought i would concentrate on one pair the GBP/USD
took trades just of the pins 10 trades, 8 winners 2 losers and one of those i had to close out because
i was going out and i like to nurse my trades.This is demo will go live after 100 more trades.
magdelen
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Morning all, hope everyone has a great day!

.
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Staedtler wrote:
Captain Jack wrote:But if there was, it might look something like this....
CJ
I'm matching up your post here with current price action.. that was pretty accurate.. i think you are the devil
:Twisted Evil:
The "devil's" on the other side of the glass my friend....and I see price reflected in his eyes......
CJ
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The Captains Chest - Naked Trading &amp; Other Stuff - V1 by Captain Jack

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The Captains Chest - Naked Trading & Other Stuff

16839 posts • Page 1 of 12 • 1, 2, 3, 4, 5 ... 12

The Captains Chest - Naked Trading & Other Stuff

by Captain Jack » Mon Mar 04, 2013 10:34 pm

Enjoy the ride!

Added Pueo's GMT +0 template

Added StratMans mini chart indicator

Link to Barron's PDF summary of this thread:

Added link to Fahedska's PDF summary of the thread and charts

A man is not defeated when he is beaten, he is defeated when he quits.

The goal is not a "perfect trade" - the goal is a "profitable trade"!

Re: The Captains Chest - Naked Trading & Other Stuff

by Captain Jack » Mon Mar 04, 2013 10:42 pm

A man is not defeated when he is beaten, he is defeated when he quits.

The goal is not a "perfect trade" - the goal is a "profitable trade"!

Re: The Captains Chest - Naked Trading & Other Stuff

by mjws00 » Mon Mar 04, 2013 11:40 pm

Re: The Captains Chest - Naked Trading & Other Stuff

by davek » Tue Mar 05, 2013 12:57 am

Re: The Captains Chest - Naked Trading & Other Stuff

by aworex » Tue Mar 05, 2013 7:04 am

Re: The Captains Chest - Naked Trading & Other Stuff

by Captain Jack » Tue Mar 05, 2013 9:24 am

A man is not defeated when he is beaten, he is defeated when he quits.

The goal is not a "perfect trade" - the goal is a "profitable trade"!

Re: The Captains Chest - Naked Trading & Other Stuff

by spotdespot » Tue Mar 05, 2013 10:41 am

Hey CJ - great to see you here.

Also FWIW lots of turning at round numbers going on.

I look forward to your insights.

Re: The Captains Chest - Naked Trading & Other Stuff

by pips400 » Tue Mar 05, 2013 10:52 am

Trade the edge not the moment

Re: The Captains Chest - Naked Trading & Other Stuff

by erikskenne » Tue Mar 05, 2013 2:02 pm

Re: The Captains Chest - Naked Trading & Other Stuff

by Jemook » Tue Mar 05, 2013 6:08 pm

Re: The Captains Chest - Naked Trading & Other Stuff

by Captain Jack » Tue Mar 05, 2013 6:19 pm

davek wrote:Hi Captain Jack:

Bean time....back later.

The goal is not a "perfect trade" - the goal is a "profitable trade"!

Re: The Captains Chest - Naked Trading & Other Stuff

by Aus67 » Tue Mar 05, 2013 6:37 pm

Re: The Captains Chest - Naked Trading & Other Stuff

by Captain Jack » Tue Mar 05, 2013 7:14 pm

Feel free to add anything to the thread at anytime.

The goal is not a "perfect trade" - the goal is a "profitable trade"!

Report this post

Re: The Captains Chest - Naked Trading & Other Stuff

by erikskenne » Tue Mar 05, 2013 7:29 pm

Re: The Captains Chest - Naked Trading & Other Stuff

by garyfritz » Tue Mar 05, 2013 7:34 pm

FXCM customers have consistently fared in the bottom half

So they say the average is 28% profitable.

Re: The Captains Chest - Naked Trading & Other Stuff

by Captain Jack » Tue Mar 05, 2013 7:35 pm

Captain Jack wrote:

Good eye and well done.

The goal is not a "perfect trade" - the goal is a "profitable trade"!

Re: The Captains Chest - Naked Trading & Other Stuff

The Captains Chest - Naked Trading & Other Stuff - V1 by Captain Jack

The Captains Chest - Naked Trading & Other Stuff - V1 by Captain Jack