The Captains Chest - Naked Trading & Other Stuff

[ZumZum]

Same pattern:

GBPAUDH1.png

[Captain Jack]

Another attempt at EURGBP hourly

Hello santos, peak low on your EURGBP chart is not correct

Possibly?? These are not what you would call "normal" chart patterns... they are intentionally distorted to make it harder to do just what you are trying to do, and it works. Filter the noise.... Levels are usually meaningful drops or rises followed by a retrace....

What would the chart look like with the added ranging distortion removed from the chart pattern... it would look like a more normal chart...

-CJ-

[as28]

thanks for all Sympathy!
could you more explain why are you don't count day two as a level?

GU formation is clear, we just left level2 heading to level 3 but i love scalping every little pip i see. we still have some pushes to end the total movements. from your chart everything is good you just have to count them into 3 to 3days per level which rymes with 4hr time frame.3days is 1 level in 4hr..... another 3days is 2nd level in 4hr. think about it ok.

sorry for that, I"ll try understand
is this correct?

[Jurij]

Possibly?? These are not what you would call "normal" chart patterns... they are intentionally distorted to make it harder to do just what you are trying to do, and it works. Filter the noise.... Levels are usually meaningful drops or rises followed by a retrace....

What would the chart look like with the added ranging distortion removed from the chart pattern... it would look like a more normal chart...

-CJ-

Good lesson CJ!

Levels are usually meaningful drops or rises followed by a retrace

[Captain Jack]

Another attempt at EURGBP hourly

Hello santos, peak low on your EURGBP chart is not correct

Possibly?? These are not what you would call "normal" chart patterns... they are intentionally distorted to make it harder to do just what you are trying to do, and it works. Filter the noise.... Levels are usually meaningful drops or rises followed by a retrace....

What would the chart look like with the added ranging distortion removed from the chart pattern... it would look like a more normal chart...

-CJ-

Does this look familiar?? SURE IT DOES!!

-CJ-

[Captain Jack]

Another attempt at EURGBP hourly

Hello santos, peak low on your EURGBP chart is not correct

Possibly?? These are not what you would call "normal" chart patterns... they are intentionally distorted to make it harder to do just what you are trying to do, and it works. Filter the noise.... Levels are usually meaningful drops or rises followed by a retrace....

What would the chart look like with the added ranging distortion removed from the chart pattern... it would look like a more normal chart...

-CJ-

Does this look familiar?? SURE IT DOES!!

-CJ-

THIS IS WHY PEOPLE SHOULD NOT BE PRICE MAPPING OR PREDICTING....WE STILL DONT'T KNOW THE BASICS OF LEVELS AND PUSHES....

LOOK AT THE RETRACES - WHAT ARE THEY COMPRISED OF? COULD IT BE 3 PUSHES ON EACH??

People call these "Elliot Waves".... they are the price cycle...without knowledge of it, just flip a coin, it's easier...

-CJ

[forexgeeker]

Another attempt at EURGBP hourly

Hello santos, peak low on your EURGBP chart is not correct

Possibly?? These are not what you would call "normal" chart patterns... they are intentionally distorted to make it harder to do just what you are trying to do, and it works. Filter the noise.... Levels are usually meaningful drops or rises followed by a retrace....

What would the chart look like with the added ranging distortion removed from the chart pattern... it would look like a more normal chart...

-CJ-

Does this look familiar?? SURE IT DOES!!

-CJ-

Hi Captain,

I'm curious to know what makes you think that price is already at the very peak low..If it was me,I would be expecting 2 more small pushes to the low...And if I look to the left there isn't any 'structure' there...Hope you can shed some light on this captain as this is where I usually failed in identifying the peak low..Is it something related to volume or some kind of slow price movement that tells you this is the exhaustion point.?

Thank you.

[Captain Jack]

Another attempt at EURGBP hourly

Hello santos, peak low on your EURGBP chart is not correct

Possibly?? These are not what you would call "normal" chart patterns... they are intentionally distorted to make it harder to do just what you are trying to do, and it works. Filter the noise.... Levels are usually meaningful drops or rises followed by a retrace....

What would the chart look like with the added ranging distortion removed from the chart pattern... it would look like a more normal chart...

-CJ-

Does this look familiar?? SURE IT DOES!!

-CJ-

Hi Captain,

I'm curious to know what makes you think that price is already at the very peak low..If it was me,I would be expecting 2 more small pushes to the low...And if I look to the left there isn't any 'structure' there...Hope you can shed some light on this captain as this is where I usually failed in identifying the peak low..Is it something related to volume or some kind of slow price movement that tells you this is the exhaustion point.?

Thank you.

Kindly point out to me where "I" said it was at the peak low...

-CJ-

[fahedksa]

So, here's a question: How do you recognise, after a Level 2, that a stop hunt has happened rather than a L3?

What stops people from jumping into a trade when the SH makes a third push up - seeming to show a L3?

Regards

Ian N.

I wish CJ , Sympathy answer these question please.

[sympathy]

So, here's a question: How do you recognise, after a Level 2, that a stop hunt has happened rather than a L3?

What stops people from jumping into a trade when the SH makes a third push up - seeming to show a L3?

Regards

Ian N.

I wish CJ , Sympathy answer these question please.

Sorry i don't get your question