The Captains Chest - Naked Trading & Other Stuff

Post by **sympathy** » Mon Apr 11, 2016 10:16 am

I LOVE FX..........GU

drammen · Post by **drammen** » Mon Apr 11, 2016 10:30 am

sympathy » Mon Apr 11, 2016 10:16 am wrote:I LOVE FX..........GU

eyecandy

Btw, is this how you would see the GU?

Untitled.png

Post by **fahedksa** » Mon Apr 11, 2016 11:29 am

Hi Sympathy,
Could you help me here ,
Previous down wave (1,2,3) (3 levels down total 300 pips)then we have 1 day SH and then
start another down wave (4,5) was thinking today we will have the 3rd level down but looks like not.
What do you see here?
the level 4,5 already passed 320 pips , Should these indicate that we may have only 2 level down and may be new wave up or SH will show before the new wave start?
Thank you

Post by **sympathy** » Mon Apr 11, 2016 3:22 pm

fahedksa » Mon Apr 11, 2016 12:29 pm wrote:Hi Sympathy,
Could you help me here ,
Previous down wave (1,2,3) (3 levels down total 300 pips)then we have 1 day SH and then
start another down wave (4,5) was thinking today we will have the 3rd level down but looks like not.
What do you see here?
the level 4,5 already passed 320 pips , Should these indicate that we may have only 2 level down and may be new wave up or SH will show before the new wave start?
Thank you

sorry for late reply bro. the pair already completed its 3levels(5waves) so we are expecting up move to another 3level or 1level up before any other decision ok.

Post by **fahedksa** » Mon Apr 11, 2016 3:41 pm

sympathy » Mon Apr 11, 2016 6:22 pm wrote: sorry for late reply bro. the pair already completed its 3levels(5waves) so we are expecting up move to another 3level or 1level up before any other decision ok.

Thank Sympathy your answers always help a lot

Zaleske · Post by **Zaleske** » Mon Apr 11, 2016 4:43 pm

sympathy » Mon Apr 11, 2016 4:22 pm wrote: sorry for late reply bro. the pair already completed its 3levels(5waves) so we are expecting up move to another 3level or 1level up before any other decision ok.

Hey symp! Sorry for being thick, but could you elaborate on that reply?

Are you waiting for a stop hunt low? 3 small pushes up? What do you mean by one level up before any decision?

Post by **Lowphat** » Tue Apr 12, 2016 3:03 am

Zaleske » Mon Apr 11, 2016 11:43 am wrote: Hey symp! Sorry for being thick, but could you elaborate on that reply?
Are you waiting for a stop hunt low? 3 small pushes up? What do you mean by one level up before any decision?

i believe he just means he's waiting for price to get to the next area or level to confirm if its going to complete a cycle up or if there is a reset for a cycle down.

Post by **fahedksa** » Tue Apr 12, 2016 2:24 pm

Just open trades CADJPY
New wave down -M on top - pins on top - Test first leg and failed .
What do you think ?Is it right call ?

Update:
Exit the trade

Post by **Reaper** » Tue Apr 12, 2016 2:34 pm

I wouldn't sell there myself. It looks like you're in the second push of move 2 which could go as high as 84.80.

I could be wrong though. I just had a quick look at the chart.

Post by **waza** » Tue Apr 12, 2016 2:50 pm

it could do this.