The Captains Chest - Naked Trading & Other Stuff

caveywoolpert · Post by **caveywoolpert** » Mon Sep 21, 2015 6:37 am

GM fellow traders. If my levels are correct aussie is on level 3 now, second push, so i expect one more push up to finish level 3 and will be looking for shorts.

Post by **sympathy** » Mon Sep 21, 2015 2:28 pm

Post by **sympathy** » Mon Sep 21, 2015 2:34 pm

aroo75 » Mon Sep 21, 2015 7:08 am wrote:Well, hello. My first post here. Lurking but learning. Learning to recognise these patterns.
Rinse, wash , repeat. Anyway I'm throwing up AUDUSD 4h as it happens today, my understanding
of this :- 3 (or more) pushes up, higher higher etc. Price has come back. And I was wondering, is
this the "M" forming here and now wait for confirmation? Is price going down?

CJ said you can find these same patterns, on any time frame, lets have a look at a daily
I saved back sometime ago.

Is history telling the price about to move down? Lets wait and see.

Am not gona correct you with this type of chart bcos you will never see the proccess with a chart like this. please reduce those things ok. am telling you from experience.

Post by **Lowphat** » Mon Sep 21, 2015 3:01 pm

audcad seemed to line up nicely with TL's

Wisznu · Post by **Wisznu** » Mon Sep 21, 2015 4:23 pm

Looks good to me, what do You guys think?

Wasn't around for a long time. Good to be back

caveywoolpert · Post by **caveywoolpert** » Mon Sep 21, 2015 4:44 pm

Wisznu » Mon Sep 21, 2015 4:23 pm wrote:Looks good to me, what do You guys think?

Wasn't around for a long time. Good to be back

i'm in

sponn · Post by **sponn** » Mon Sep 21, 2015 6:54 pm

With all youor respect guys but why you have taken this trade. I don't see any reasons but I'm still learning.

I Wonder why you haven't take gbp/cad, usd/cad shorts or aud/jpy, nzd/jpy, aud/chf, nzd/chf longs. looking much much better than aud/nzd imo.

Guest · Post by **Guest** » Mon Sep 21, 2015 7:33 pm

sponn » Mon Sep 21, 2015 6:54 pm wrote:With all youor respect guys but why you have taken this trade. I don't see any reasons but I'm still learning.

I Wonder why you haven't take gbp/cad, usd/cad shorts or aud/jpy, nzd/jpy, aud/chf, nzd/chf longs. looking much much better than aud/nzd imo.

agree sir, i think it would be healthy and helpful to us that everytime we post a trade win or lose to put analysis , what level, pins, and the reason behind the entry

Wisznu · Post by **Wisznu** » Mon Sep 21, 2015 8:06 pm

sponn » Mon Sep 21, 2015 6:54 pm wrote:With all youor respect guys but why you have taken this trade. I don't see any reasons but I'm still learning.

I Wonder why you haven't take gbp/cad, usd/cad shorts or aud/jpy, nzd/jpy, aud/chf, nzd/chf longs. looking much much better than aud/nzd imo.

Hi!

I went short when I saw nice pins on M15 at second shoulder (third push & strong resistance level). That's just how I see it. It doesn't mean that will happen, I'm not an expert. I'm learning too.

Still stalking that one. If something will go wrong, Ill close it.

sponn · Post by **sponn** » Mon Sep 21, 2015 9:09 pm

Now everything is more clear. Could be a nice setup I haven't seen. Thx for sharing.