Captain_Walker

04:24

Captain_Walker Updated 

There is some tension seen on EURJPY 4h time frame. I estimate probability for the south. Of course, there is another probability for the north. I'm already short on a live account. This is not a recommendation.

07:26

Captain_Walker

Well.. well, unless one is Rip-van-Winkle, it shouldn't be news that everybody is stampeding out of cryptos. Thankfully I made no predictions on Bitcoin or any crypto going north. There were indications of a probably pump north a couple weeks ago (and for every probability in one direction I said there is a probability in the opposite). So now we're into dump...

08:07

Captain_Walker

This screencast is not intended to provide hope or predictions (as I do neither). The current picture is very gloomy. However, at times that is exactly when a reversal is about to happen. This post is not a recommendation or encouragement to take a long position.

09:00

Captain_Walker

USDTRY is a very tricky exotic pair to tackle. The exotics on the whole are erratic and offer may traps and false breakouts. This is a dangerous pair and not recommended for those without experience of exotics. On this occasion I'm departing from my system of 'rules' because I'm dealing with such a wild 'animal'. I have experience of exotics doing false...

07:38

Captain_Walker

Apple - has had to obey the laws of 'physics'. Basically the higher you go the harder you fall. People are of course living on hope - as you would if in a plane crash (by way of analogy only). I'm afraid the outlook isn't pretty - and that's not what people want to hear about. People need hope. Apologies. I only provide reality. I say what's on the charts....

04:53

Captain_Walker

I'm doing my home work and sharing. GBPEUR or EURGBP looks good for next week based on 6H time frames. In fact nearly all Sterling pairs look favourable for trends south. That doesn't mean I'm shorting all next week. This is not advice or predictions on what will happen.

06:09

Captain_Walker

GBPMXN is an exotic pair that is very high risk - but also very rewarding if you find the right entry point and are prepared to lose big time. Losing? Big time? Ooops - nobody want so hear about that! Right? LOL. I was taken out for a major loss a couple months ago, as I did not appreciate how violent this pair is. But.. but I've learned a lot in the last two...

05:19

Captain_Walker

I'm not entering long or short on this time frame. I explain why. I could well be wrong as I am around 60 to 70% of the time. I may look for a trend on a lower time frame that is favourable, but I'm not hunting for one as I have enough positions open at the moment.

03:46

Captain_Walker Updated 

I'm showing mainly for the benefit of new traders why I've done what I've done. This trade is on both paper and live accounts. Note that I'm not saying I'm gonna win. I aim to lose! I'm simply controlling my loss, and allowing the market to lead me wherever it will, in my favoured probabilistic direction. Trend-following is not for everybody. In fact,...

06:29

Captain_Walker

In this screencast I share some of my own personal journey which I suspect may resound with many a struggling trader out there. This post is in keeping with the house rules on text-based analyses, and psychological self-analysis is the biggest most important aspect of trading. It is clearly in the category of 'Beyond Technical Analysis' I had been thinking for...

06:28

Captain_Walker

I don't advocate breaking one's trading methodology or rules. However, exceptionally I say that one can exercise some common sense and judgement in taking a position (subject to an acceptable stop-loss). This trade picture is one such exception. Elsewhere I would have said that one can make exceptions.

05:35

Captain_Walker

NZD pairs have a particular 'personality' for volatility. Many an intraday trader may have been punching the air or crying in their tea recently. :) In these charts I show some of sort of volatility on lower time frames.

07:47

Captain_Walker Updated 

I'm cautious with NZDCAD. I explain in the screencast.

05:40

Captain_Walker

See previous screencast on AUDCAD I still see potential for a reversal and I explain why. Also see recent other setup on EURUSD using similar methodology.

07:19

Captain_Walker Updated 

In the screencast I show how I assess the probability and enter short. As usual, this is not a prediction - as I don't do predictions, targets, signals, or confirmations. I expect price to take me out at my stop-loss and I shall sleep very well tonight! :)) But if price moves in my favoured direction, I shall follow on a more suitable trend time frame to...

07:57

Captain_Walker

In this screencast I show how waiting for a key position in the market is good idea. As I always say, 'Stalk 90% trade 10%'. The CAD - often referred to as 'the Loonie' (not by me) has been in some trouble across many currency pairs. I'm not interested 'why'. All I care is where the trend is going and key areas of opportunity and probability. As strange as it...

07:48

Captain_Walker

If price continues to hover in my favoured 4H zone, I'm looking to short early next week.

05:38

Captain_Walker

These are exciting times with NZDUSD - in fact all NZD pairs hold excitement around now. In the screencast I'm stalking the Fib 50 - 61.8% looking for the first sign of move south. Of course it could go north by any amount. However, I think there could be difficulty in that area.