The Captains Chest - Naked Trading & Other Stuff

[dudest]

20150424_usdzar_m30_abc_longs.png

[dudest]

In reply to a couple of PMs:

The trick with identifying an A-B-C pattern is to look for triple bounces.

Think "head and shoulders" or "morning/evening star"

It's also easier when you draw your S/R first, then watch price bounce when it gets to it. Pretty soon, you'll be able to see the 'b' forming and know the 'c' is coming

Actually, thinking like a guy behind the screen, it makes sense. Most times, the only way you can get the liquidity you want at an S/R zone is to go beyond the S/R first ( i.e, 'b' ) [ tripping stops, etc ], then come again for another pass ( 'c' ), sometimes needing two 'c's to fill your bag, then take off in the direction you always intended to go in

And as CJ said, like all patterns, stop hunts form themselves, you do not need to 'force' it. The Fox's tools are limited, the hunts are everywhere, on all pairs

Hope that helps,
Cheers

20150424_usdsek_m30_abc_longs.png

[ZumZum]

ABC?
61.8 retrace

GBPUSDH1.png

GBPUSDM15.png

Is this a correct ABC pattern?

Thanks,
Arthur

[ZumZum]

2nd attempt as I was wrong the first time! M pattern on GBPUSD?

Looks like there was a stop hunt just before also. Any thoughts?

I'm short too, as mentioned earlier ABC pattern (IMO) and 61.8 fib level :hi:

[dudest]

I'm having difficulty seeing my fib lines on my white background (they are coming up yellow). Any ideas as to how I would change them to a different colour in Empty4?

Double-click on the Fib >> right-click >> Properties >> (change colours)

[dudest]

These past 2 days have been the craziest in a few months. The level of mental stunts has been astounding. Like two very opposite scenarios at the same time which both made perfect logical sense( e.g USD up + USD down at same time ). Or stop hunts for the same currency but in opposite directions for the same base pair.

The Fox got skillz. Mad respect for him.

Nice weekend to all

[go4pips]

USDJPYH4.png

Hello, please seeking for advise from one of you CJ's system pro, of course take into consideration the market will open in a few hours anything can happen, but normally the above USD/JPY 4 H picture, is this something we are looking for when we look for abc patterns / stop hunt.
Thank you for your help.
E.

[Piter80]

Hi
That's my view :hi:

USDJPYmicroH4.png

[go4pips]

Thank you Peter.

[as28]

what means that rapid movement on EU?