The Captains Chest - Naked Trading & Other Stuff

[dawidforex]

EURAUD+M30

[rewand]

EURAUD+M30

Good call Dawid, do you think it leads the EU pair? I started looking at this pair from that perspective : )

[intcust]

1 m shows a stop hunt right before the box dawidforex drew that is not on the 30m chart so look for that to happen on the way up. I think it will go up another 200 pips but will have a sh along the way which will skew the charts to look different. without peak high and peak low drawn hard to say. But the overlay idea is excellent and very close match. so far move has been up not quite as quick as 1m chart but I think that is the sh is about to happen. Good call dawidforex there was 100 pips there easy for the taking with little down side.

[rewand]

1 m shows a stop hunt right before the box dawidforex drew that is not on the 30m chart so look for that to happen on the way up. I think it will go up another 200 pips but will have a sh along the way which will skew the charts to look different. without peak high and peak low drawn hard to say. But the overlay idea is excellent and very close match. so far move has been up not quite as quick as 1m chart but I think that is the sh is about to happen. Good call dawidforex there was 100 pips there easy for the taking with little down side.

I am looking at this one, not sure of what it is that you are looking at (M1 EA?). The M1 charts can sometimes tell so much.

[intcust]

I am looking at dawidforex post were they are showing the two charts one above the other. the 1m chart is the shorter one on top
look at the area between the circle and the box. You will see it shows a stop hunt that is not there on the 30m chart also the 1m has a better defined w at the bottom than the 30 m. So although they are close they are not exact so the following reaction will be close not exact. In any event there was at least 100 pips there quickly and easily with I think more to come. I think it should be close enough to follow pretty close and get back up so that 300 total pips is likely. But you have watch for a push up after sh which I am sure is coming. So one might want to take the 100 pips and wait for the up move maybe they will give a pin bar or something but 1m shows big move up so 30m will have that as well if they follow one another. You don't want to miss that. Maybe put an order above the sh area (assuming one develops) and then let it take you up another 100-150 pips getting about 200 pips out of the run with little risk.

[intcust]

rewand

I am not sure why the white chart is not current unless you used it to sell the eu. If so then should work but the white chart move down is real close to the eu the move up was not so one might be a little careful and take less out. The closer they match the better they perform. let us know what you did.

[rewand]

rewand

I am not sure why the white chart is not current unless you used it to sell the eu. If so then should work but the white chart move down is real close to the eu the move up was not so one might be a little careful and take less out. The closer they match the better they perform. let us know what you did.

What do you mean by not being current? The m1 moves up right after, although it is true that the downmove is following a shape but not the exact moves from level to level. EA h1 moves have similarities with EU h1 moves and this would be an additinal confirmation for EU long.
I do not look to trade patterns but use them when I do not know where we are in the cycle. I may be wrong but this is what I see.

[intcust]

today is 4-4-17 white chart was 3-31-17 so that is not current especially for a 1m chart.

[intcust]

as far as cycle with eu 1h it is consolidation time or market making or as Chick Hern would say garbage time. That is why you don't know were it is at in the cycle because it is not. They are just gaming you. need five things for cycle right were are they? That should be your first thing you look at. If they are not there it is not in cycle it is sitting on side lines waiting and taking your money. Long it if you want but not because of the CJ method. I was comparing charts previous to current to predict not really CJ method either but it is what dawidforex posted. I thought your white chart was suppose to be saying what is going to happen on the black chart. If so it is a short not a long. If not then I don't know the purpose.

[rewand]

today is 4-4-17 white chart was 3-31-17 so that is not current especially for a 1m chart.

I see, it is from last friday. I never look at it that way, only look at the most recent matching pattern. Because it is a building block for the larger pattern, I may find it anywhere right from where the larger pattern originates. I am just too lazy to go back and start from where the pattern started to develop. So for me, it does not have to be recent.