Captain_Walker

09:33

Captain_Walker

In this video I share my experience on the Big Question in the minds of lots of traders. This is not particularly about GBPJPY. I use the 15 min time frame only as an example. I point out that candlestick charts can be deceptive in giving an idea about price, that may be erroneous. It is natural especially for new traders to see a number of unfavourable...

09:20

Captain_Walker Updated 

I'm sharing a chart to give my sentiments about listening to the news. New traders especially tend to listen to the news and website opinions about where markets are heading. I show a bit on how I approached a particular situation on the US30. A lot of news is late and people who create news items or blogs have their own biases, based on the information they...

03:01

Captain_Walker

In this very first video I'm posting, I look at the 30 min time frame where some day traders tend to trade. I show 6 charts with high volatility and lots of spiking all over the place. Yes there may be some visible and tradable pattern in these on careful analysis. However, the degree of volatility seen over the last two months may not 'respect' traditional...

Captain_Walker

'Prediction' is a word commonly seen on Tradingview and other places. Quite often people go, " Nice prediction! " when price moves in favour of some setup that was previously shared - and delivers profits. This use of the word or concept of prediction is wrong for a number of logical reasons. Not because I say that B will follow A, and B happens means I've...

Captain_Walker

I'm exploring the psychological torture of managing equity gains - mostly in trend-following. I shall not go into methods. I wish to distinguish trend-following from trend-continuation trading. Those who do not know the difference can read up on the net, or start here . At the outset traders will have watched their positions move into much positive equity in a...

Captain_Walker Updated 

GBPMXN (weekly) chart is showing some interesting features, which lead me to be long on lower time frames. There is some sort of triangle, wedge, or pennant following breakout. The pattern is holding above a level of support (at this time). Based on experience, this creates a probability for further moves north. The Aroon is showing that the bulls are...

Captain_Walker

Whilst I am on a roll, I'm pushing out loads of questions and thoughts that have occupied me for the last two years. All this is well ' Beyond Technical Analysis '! In too many trading/training videos out there, I've heard the words 'discipline' and 'self-discipline'. These are so commonly used words that many take their meaning for granted, or as something very...

Captain_Walker

Over the years I've traded many markets e.g. commodities, metals, cryptos, forex and so on. For new traders the word 'instrument' means a particular chart in a market segment. So the US30 (Wall Street) would be one instrument under 'Indices'. What I have observed is that certain instruments behave very differently to others on the same time frame. It's difficult...

Captain_Walker

If you’re reading this looking just for the best course to attend, you may be disappointed. I go deeper than the simple issue of 'which courses' or 'what course is best'. The sharing of my personal experience may be of value to new traders but also for more seasoned traders. INTRODUCTION I’m sharing a summary of my experiences over the last 4 years, so that...

Captain_Walker

Tradingview has opened up a brilliant section on ' Beyond Technical Analysis ', where there is much room for development. I have a very big interest in trading psychology as I've come to realise that success in trading is determined by roughly 80% psychological self-management (and its many components). I've been exploring this topic elsewhere (link later). But...

Captain_Walker Updated 

In the last year of my trading I've been looking more at weekly and monthly time frames. CADJPY and several other pairs show potential reversal set ups on the weekly time frame. This does not mean that they will reverse. I've noticed that weekly time frames 'explain' an number of changes in directions of markets - especially forex markets. My thoughts on this...

Captain_Walker

The chart is not going to tell anyone whether to go long or short. I cut deeper than that. This post is about what I see as the job of a trader, who wants to be consistently profitable over a long time using trend following strategies. The following therefore excludes systems that tend to have fixed targets, such as harmonic trading and exploiting levels of...

Captain_Walker

The chart preparatory. I do no predictions. If the situation with CUUUSD unfolds I will assess it carefully to decide at that point whether I go long or short. At the moment CUUUSD is weakening on the daily charts having reached a key inflexion point on the weekly time frame. This is not surprising. Some traders want to know in advance whether price is going...

Captain_Walker

Everybody is interested to find out where BTCUSD is going!! Well, if you only knew where it was heading you'd have an edge on the rest of the world and make loadsah money - right? Too often on Tradingview and other places - even among some so-called expert traders and trainers - I've heard the words, " I predict.... blah blah... ". These are the folk who claim to...

Captain_Walker Updated 

As labelled on the chart, there appears to be a weakening of the structure of a bullish rebellion that has occurred over the last few days. I expect further oscillation and more weakening based on the current evidence. Price could well return to the 12000 mark with a weak structure. Personally I'm short with a reasonably wide stop-loss. This is not a recommendation.

Captain_Walker

There is no prediction in this. There is high tension down to a 30 min time frame. If this breaks (one way or the other), there could be trouble.

Captain_Walker Updated 

Many a trader will have made their best analysis based on information at the time and then taken an entry position, only to find that the market does something unexpected. Price may move violently in the wrong direction i.e. not the favoured direction and comes close to a stop loss or actually stopping out the position for a loss. Now with hindsight a trader feels...

Captain_Walker

The strength of the USDollar DXY is looked at from a Weekly perspective. It represents the strength of USD against 6 other currencies. 1. There is a broad band of possible fragile support. 2. The 200 EMA is some indication of probability for the north or resistance to moving far further south of it. However this is not a prediction. 3. Notably the RSI on this...