The Captains Chest - Naked Trading & Other Stuff

Post by **Reaper** » Thu Mar 31, 2016 12:51 am

waza » Wed Mar 30, 2016 3:11 pm wrote:eaymon i took that eur/usd trade but i only let it run 26 pips, as you can see on the 4hr chart it's not even completed it's 1st level.

this is why captain said watch all time frames.

remember to not be greedy as well, i was trying to be greedy on eur/aud today but managed to stack and bag a very good profit trade, but it could have went the other way for me.

so always look at all time frames.

I'll post what I think is happening on EURUSD. I'm not saying I'm 100% right but this is what I'm interpreting it as.

Using your chart, the 3 levels are in yellow.

eurusd.png

Post by **Reaper** » Thu Mar 31, 2016 1:19 am

BobbyT » Thu Mar 31, 2016 12:31 am wrote:I think I've broken my brain. Could someone please clarify something for me (that has been said a million times in the thread already). I need to understand it in my own words (which are way more complicated than need be...yes CJ, I'm one of those idiots who likes to complicate things ).

Due to life, I can only trade H4. This means my levels should be in line with D1 right. Similar to M15/H1 and H4 which is what most folks are using here.

So this 3-5 weeks rising/falling price for one LEVEL on D1 (and therefore 9-15 weeks per D1 CYCLE)?
OR
is it 3-5 weeks rising/falling price for one PUSH on D1 (and therefore 9-15 weeks per D1 LEVEL and 18-45 weeks per D1 CYCLE)?

The estimates of time obviously don't account for retraces and pauses. They are just movement in a single direction.

For some reason I'm having trouble translating things to higher timeframes. Maybe its because M15 and H1 occupy the same space on the chart (1-day period separators).

If someone could help me scrape my brain back into my skull that would be greatly appreciated.

I'm not gonna give up yet

Edit: Updated pic to show H4 levels in D1 retraces

Sorry I haven't read your post.

I'm pretty tired.

So again using your chart as my canvas. Levels are in purple, Fox manipulation in grey.

audjpy.png

Post by **BobbyT** » Thu Mar 31, 2016 1:36 am

Angat » Thu Mar 31, 2016 11:19 am wrote:
Sorry I haven't read your post. I'm pretty tired.

So again using your chart as my canvas. Levels are in purple, Fox manipulation in grey.

Thanks Angat,

Your markup is not far off what mine was earlier today. Before I went all psycho on my brain.

It seems I'm getting lost the same place as everyone else. Between pushes and levels and which is which on what timeframe I now can't tell my ar$#hole from my ear hole

I'm crawling through posts from late last year as that is all the chart history I have (for most TF) and I'm seeing some charts marked up with levels as you have them, and some with levels as I have them (one period per level vs 3-5 periods per level)

.

I think I'm about to give myself an aneurysm trying to get around this

Steve, how come we don't have a crying smilie?

Post by **Reaper** » Thu Mar 31, 2016 9:19 am

GoldenFinger » Fri Mar 25, 2016 7:34 am wrote:Does this qualify for a fox manipulation? stop hunts everywhere
But price will always return to the center line, wondered when it will break...

Yeah that's right on a larger scale we had a massive move down in 2014/2015. Price hit bottom. Then we had, so far, a year of manipulation on a grand scale. The Fox is trying to trap us down here.

Price will probably go down to 1.00 before heading north to something like 1.20.

eud1.png

That's just my view on it, I could be wrong.

Post by **Reaper** » Thu Mar 31, 2016 9:46 am

From my own experience, some people may need to slow it down. These levels and pushes are happening on all timeframes. It can be tough to trade anything less than the 1hour timeframe and be consistently week in week out profitable.

If you are struggling, pick one currency and pick a larger timeframe (1D, 4H, 2H) and follow it. I guess its a common misconception that if people use the smaller timeframes, you can make quick gains and reduce your risk. There is a lot of noise and therefore higher risk on the lower timeframes.

Master the larger timeframes, bag 200-400 pip per trade at a time, some trades can last up to 10 days or more, but this is training you to be patient, disciplined and very importantly ride it out when price goes against you temporarily.

Demo trade for a year. Then go live when you are ready.

/Just some random advice.

Post by **szfxtrader** » Thu Mar 31, 2016 10:03 am

EURJPY M? I am short @ 127.804, what do you guys think about that?

Post by **sympathy** » Thu Mar 31, 2016 1:13 pm

szfxtrader » Thu Mar 31, 2016 11:03 am wrote:EURJPY M? I am short @ 127.804, what do you guys think about that?

Why short on pair that is heading to its level3

Post by **sympathy** » Thu Mar 31, 2016 1:22 pm

Its all easy

drammen · Post by **drammen** » Thu Mar 31, 2016 1:27 pm

sympathy » Thu Mar 31, 2016 1:22 pm wrote:Its all easy

Hey, sympathy. Just so i understand you correctly, your last batch of longs were at level 2, right?

321321.png

Post by **sympathy** » Thu Mar 31, 2016 1:38 pm