The Captains Chest - Naked Trading & Other Stuff

caveywoolpert · Post by **caveywoolpert** » Wed Sep 23, 2015 6:02 pm

Dunno man, your trade is a coin toss, no signals for shorts, there is strong uptrend. Maybe you ll get some pips but Dont think about reversal, there is no nice rr, only counter trend scalp.

sponn · Post by **sponn** » Wed Sep 23, 2015 6:21 pm

caveywoolpert » Wed Sep 23, 2015 8:02 pm wrote:Dunno man, your trade is a coin toss, no signals for shorts, there is strong uptrend. Maybe you ll get some pips but Dont think about reversal, there is no nice rr, only counter trend scalp.

Hmm I wouldn't say this trade was flipping a coin. I was wrong for sure but IMO trade as taken per rules. 3 levels, nice 1H candle.

My reasons here

IamTHAT · Post by **IamTHAT** » Thu Sep 24, 2015 5:11 am

sponn » Wed Sep 23, 2015 11:51 pm wrote:
caveywoolpert » Wed Sep 23, 2015 8:02 pm wrote:Dunno man, your trade is a coin toss, no signals for shorts, there is strong uptrend. Maybe you ll get some pips but Dont think about reversal, there is no nice rr, only counter trend scalp.
Hmm I wouldn't say this trade was flipping a coin. I was wrong for sure but IMO trade as taken per rules. 3 levels, nice 1H candle.

My reasons here

My thinking is that reversal depends on maximum activity around the price previously and in this case it is around 1.6110 where there was more participation. Purely my hunch

sponn · Post by **sponn** » Thu Sep 24, 2015 5:27 am

Trying again. Now it is double top on 1H. Nice rr again. Here is a pic.

Post by **botrak** » Thu Sep 24, 2015 9:42 am

sponn » Thu Sep 24, 2015 5:27 am wrote:Trying again. Now it is double top on 1H. Nice rr again. Here is a pic.

Thats what I was talking about in my thread. You already have 2 trades which hit SL [BE at best] trying to trade M and pin at your subjective level 3. You aint get explanation here why your levels are wrong. Best case scenario: "your levels are wrong, this is stophunt between level 2 and level3, look higher timeframe" and maybe someone post "correct" levels.

P.S.: Sorry if my post looks offensive.

Piter80 · Post by **Piter80** » Thu Sep 24, 2015 10:06 am

That's why You should find map for this pair on lower tf.After 3 levels fox CAN not MUST go down,or up another level,or more.

kpmoney1 · Post by **kpmoney1** » Thu Sep 24, 2015 10:26 am

Has anyone spotted GU yet it seems its finished its levels down.

caveywoolpert · Post by **caveywoolpert** » Thu Sep 24, 2015 11:06 am

kpmoney1 » Thu Sep 24, 2015 10:26 am wrote:Has anyone spotted GU yet it seems its finished its levels down.

i expect 2 more from this M

look at the downmove at the end of august, seems like this is the map

blazej · Post by **blazej** » Thu Sep 24, 2015 1:11 pm

Hi Piter,

I have a question regarding pattern mapping. I have wrote few PMs with daggerfall when he was active here and CJ. Dagger wrote that patterns do repeat and CJ wrote to me that higher timeframe patterns are constructed from layers od lower timeframe pattern. So they do repeat. What is your experience with that? I have mixed results. Hope that You will answer. Thanks.

Cheers,

Blazej

Zaleske · Post by **Zaleske** » Thu Sep 24, 2015 1:17 pm

blazej » Thu Sep 24, 2015 2:11 pm wrote:Hi Piter,

I have a question regarding pattern mapping. I have wrote few PMs with daggerfall when he was active here and CJ. Dagger wrote that patterns do repeat and CJ wrote to me that higher timeframe patterns are constructed from layers od lower timeframe pattern. So they do repeat. What is your experience with that? I have mixed results. Hope that You will answer. Thanks.

Cheers,

Blazej

I'd say start with recognizing the levels inscribed within the weekly cycles. Pattern mapping is a whole 'nother level, "going down the rabbit hole" as per CJ's words. I'm not very good at this either, and as far as I know, neither is sympathy, yet he is proof you can be consistent if you get the cycle right.