The Captains Chest - Naked Trading & Other Stuff

websie · Post by **websie** » Thu Jul 09, 2015 8:08 am

this is my GBPAUD chart, I was lucky and got in pretty early the first time. I have been practising to see the levels, so here they are, perhaps you could tell me if I've got them correct. I've just entered a new sell trade on what I see as the 3rd level and in the pins creating RRT. Hopefully I've done the right thing! Thanks

Edit: again I think I've put my levels up 1 too high so level 2 should be 1 and level 3 should be 2

Occam · Post by **Occam** » Thu Jul 09, 2015 8:35 am

websie » Thu Jul 09, 2015 6:08 pm wrote:this is my GBPAUD chart, I was lucky and got in pretty early the first time. I have been practising to see the levels, so here they are, perhaps you could tell me if I've got them correct. I've just entered a new sell trade on what I see as the 3rd level and in the pins creating RRT. Hopefully I've done the right thing! Thanks

Edit: again I think I've put my levels up 1 too high so level 2 should be 1 and level 3 should be 2

Nice trade from the highs down there websie! Yep I would say we are only at level 2, on H1 your level 1 doesnt stand out, cant be seen clearly.

It's not a bad spot for an entry short (there is some consolidation to the left) but note that we have only 2 pushes long on M15 so there might be another push...

websie · Post by **websie** » Thu Jul 09, 2015 10:07 am

Occam » Thu Jul 09, 2015 8:35 am wrote:
Nice trade from the highs down there websie! Yep I would say we are only at level 2, on H1 your level 1 doesnt stand out, cant be seen clearly.

It's not a bad spot for an entry short (there is some consolidation to the left) but note that we have only 2 pushes long on M15 so there might be another push...

And there was!

websie · Post by **websie** » Thu Jul 09, 2015 11:07 am

Re- entered GA in the pins at 2.07108

websie · Post by **websie** » Thu Jul 09, 2015 12:51 pm

GBPCAD for once I can see the levels

websie · Post by **websie** » Thu Jul 09, 2015 1:05 pm

USDCHF M on M15. Only thing is I can't see 3 pushes on the M15 but it still making an M so I'm giving it a go

ChristianK · Post by **ChristianK** » Thu Jul 09, 2015 2:24 pm

Hi all,

I am still trying to get familiar with the level counting, so please correct me if they are wrong.
In below AUDNZD chart 1H, I am seeing possible W formation on level 3. Do you guys see the same too?

Thank you for this great thread.

CK

Occam · Post by **Occam** » Thu Jul 09, 2015 2:48 pm

ChristianK » Fri Jul 10, 2015 12:24 am wrote:Hi all,

I am still trying to get familiar with the level counting, so please correct me if they are wrong.
In below AUDNZD chart 1H, I am seeing possible W formation on level 3. Do you guys see the same too?

Thank you for this great thread.

CK

Yep CK exactly how I have it...

Occam · Post by **Occam** » Thu Jul 09, 2015 2:53 pm

websie » Thu Jul 09, 2015 11:05 pm wrote:USDCHF M on M15. Only thing is I can't see 3 pushes on the M15 but it still making an M so I'm giving it a go

Top entry websie. Don't necessarily need 3 pushes (remember the fox can change it up and it was ranging so 3 pushes may not happen if you are at the extremes of the range), and PA had gone almost right across the range in the move up, it was at top of range and made an M with pins on the highs...good to go!

mamabear · Post by **mamabear** » Thu Jul 09, 2015 2:55 pm

It really helps to learn the levels and the pushes

.