The Captains Chest - Naked Trading & Other Stuff

[Captain Jack]

El Capitaine CJ,

So this means we can watch or rather veiw a 3 Day Cycle unfold on the H1 timeframe as opposed to going to view this on a D1 time frame or am I missing something out here .

Cheers,
xrismak.

It means you watch and view it on "any" time frame that it is most visible to you. 3 day cycles are nothing more than 3 day of rising price or 3 days of falling price. There tends to be a reversal after either one but that does not mean a reversal is 100% sure to occur. Strong trending pair may only consolidate or have a small pullback for a few days...but the fox has to retrace his steps, sooner or later, in order to book his profit.

I can see these as well on a 15M time frame as any but for some, eliminating the extra noise of the lesser time frames helps to clear the fog.

As I've said many times, these patterns repeat themselves on all time frames. The 3 day cycle and the 15M time frame tend to coincide. The pattern of 3 rising legs or 3 falling legs will be greater than 3 days on the higher time frames. Nonetheless, the patterns remain the same and what you see on the15M you will eventually see on the 1H, 4H, D1 and higher... look for them.

CJ

[Captain Jack]

If you are having trouble seeing the levels, try switching your charts to "line" from candle. You will need the candles to see the pins, but switching to a line chart can sometimes help locate the levels.

CJ

[xrismak]

As I've said many times, these patterns repeat themselves on all time frames. The 3 day cycle and the 15M time frame tend to coincide. The pattern of 3 rising legs or 3 falling legs will be greater than 3 days on the higher time frames. Nonetheless, the patterns remain the same and what you see on the15M you will eventually see on the 1H, 4H, D1 and higher... look for them.

CJ


El Capitaine CJ,

Thank you very very much, that last bit of the Explanation has been Engraved in my Trading Brain, between Your Goodself, Nanningbob, Steve Hopwood and Jemook and Not Forgetting My Guy for Always "AWESOME BALUDA" what I have Learn't within the last 10 Months about Trading with and Without Indicators is Mind Boggling, But in terms of Seeing things from a Totally Different Perspective as in What the NAKED Eye Refuses to see unless there are Indicators on the CHART..... CJ you ROCK. I like the NB 10 Series Systems, that Thought me loads of Stuff about Pivots and whatever, but if I mix that and Trading Naked together, I have a Pretty Good Idea of where I want to be Trading in 6 Months from Now... thank you @ so verymuch.com...

You are a GIGANTILUS and I am GRATEFUL...

Gracious Goodness ,
xrismak

[Mescalitofx]

Hi guys.

It seems several post of me didnt get posted last week, due some network issues. I just wondered where are my posts now...


I found a nice indicator that records the spread. the indicator needs to be placed per TF on the pair u trade. but I was surprised how it help me see the spread widdening in the Spike areas. together with Higher volume U are sure FOXY is playing. and u can have the fox with the balls.

Let me explain.

I found the Indicator on http://codebase.mql4.com/6183 . but ill attach it here also.

Lets focus 20 March. what do we see.
NOT MUCH..... some spikes in price down before we move up further...

Coincidence NO. FOXY at work.

whatDoWeSee20mars2013.PNG

NOw LOOK the volume.... strange higher Volume... the Big Boy (Foxy is doing something apperently).

We are not sure at this moment FOXY is playing, BUT how can we see deeper...

Attached the spread recorder and lets check again.

whatDoWeSee20mars2013-4.PNG

whatDoWeSee20mars2013-5.PNG

whatDoWeSee20mars2013-6.PNG

Thanks CJ and hope this tool to the arsenal can help u guys decide better and "see better when we have spread widening", And by all means i dont want to clogg up the naked chart. just easier to read between the mist. the rest we all need to learn more Price action. next step combine it with some good moneymangement. And we have a Precious pearl here ( a winner).

have a Great Weekend

Greetings
Gerry

[Captain Jack]

Hi guys.

It seems several post of me didnt get posted last week, due some network issues. I just wondered where are my posts now...


Greetings
Gerry

I thought I saw this in another post Gerry. It might have made it into the thread and gotten lost as we are adding a lot of pages daily here. Thanks again though, and this does show the widening when they are pinning high or low.

CJ

[Captain Jack]

I was reading Bob's thread and saw he made a post on a pair that I have on my watch list for this coming week. This is a weekly chart, and it gives some clues as to the longer term direction of EURAUD....

CJ

[lvdfx888]

Hi CJ

On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the chart what I have done wrong here.

Thank you
Ron.

[mobthehop]

CJ,

I still have problems to visualize the three day cycle and three push up / down on charts...

In your example (marked peak low) the first candle is actually a red candle on D1 tf - why is this the start of three day up ?

Thks for your patience

Mop

could you please explain three day cycle for me? I am looking for example NDUSD.
hannele

Here you go...
CJ

[Captain Jack]

Hi CJ

On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the chart what I have done wrong here.

Thank you
Ron.

Sometimes it helps to look at the picture from a different perspective...consider the following charts...

You have assigned a level to a stop hunt at the 3 position....stop hunts don't count as levels...

Notice how the levels form...expect a peak in price on level 3 and then consolidation.....price tends to "chop" at the top or bottom....

CJ

[Captain Jack]

CJ,

I still have problems to visualize the three day cycle and three push up / down on charts...

In your example (marked peak low) the first candle is actually a red candle on D1 tf - why is this the start of three day up ?

Thks for your patience

Mop

could you please explain three day cycle for me? I am looking for example NDUSD.
hannele

Here you go...
CJ

What time frame are you looking for trades upon and why are you looking for the cycle on the D1 chart?

A single D1 candle is comprised or 24-1H candles, 48-30M candles or 96-15M candles.....

I stated earlier the 3 day cycle coincides with the 15M time frame.....and that on the higher time frames, the 3 legs up or down are longer than 3 days....

If you look at the daily periods on the chart I marked, you will clearly see on day one, price ended the day higher, than it began the day. On day 2, price closed higher than it opened, and on day 3 it did the same. On my charts, I see 3 green D1 candles???

There are no red D1 candles on the days I marked up??? 20-21-22

I'm not sure what you are looking at Mop?

Tell me what I'm missing??

CJ