The Captains Chest - Naked Trading & Other Stuff

[sababull]

Re-visiting EA on the H1 might clear some things up. Had the Level 2 drop and a deep pullback, but a look on the M15 shows a good time to get short again? I'll enter this next week in this area if I get a chance. Was so excited to catch the long today I spaced out on the re-short. Guess that's the benefit of the weekend to re-group.

Here is the H1

I'm continuing to work this EURAUD. Here is a different view so I can try and do a better job of staying ahead of the the opportunities. I am long from the area marked "go long from here" and I'll try to enter again if something sets up in the shaded area. If it goes south from here and breaks through all these lows, I'll pick back up from the last picture I posted.

2018-01-04_EA.png

Here is the short I mentioned in the last post

2018-01-04_EAshort.png

[timfrec]

1. find the "W" at the peak low and find the "M" at the peak high...
When you see the "railroad tracks", and pins, there is a "W" or "M" on a LOWER time frame.... And when you find the "M" or "W" forming on your chart, they are making the "railroad tracks" and the pins on the HIGHER time frame....

2. locate the "W" at the peak low and find the "M" at the peak high... then you can

3. KNOW where you are in th e cycle. start trading the levels and can trade accordingly. It doesn't matter when you locate them, once located, even late, use them to determine where you are in the cycle.

4. trade only from the peak high and peak lows... when you can determine your location in the cycle ON A REGULAR BASIS, then you can trade the levels and pushes on the lower time frames... otherwise, stick to the higher ones.

DON'T MAKE THINGS HARDER THAN THEY NEED TO BE!
Check your past charts and you will see this easily.....once seen, it can't be unseen!
Get NAKED or get fooled!!!

[Wavegarrick]

1. find the "W" at the peak low and find the "M" at the peak high...
When you see the "railroad tracks", and pins, there is a "W" or "M" on a LOWER time frame.... And when you find the "M" or "W" forming on your chart, they are making the "railroad tracks" and the pins on the HIGHER time frame....

2. locate the "W" at the peak low and find the "M" at the peak high... then you can

3. KNOW where you are in th e cycle. start trading the levels and can trade accordingly. It doesn't matter when you locate them, once located, even late, use them to determine where you are in the cycle.

4. trade only from the peak high and peak lows... when you can determine your location in the cycle ON A REGULAR BASIS, then you can trade the levels and pushes on the lower time frames... otherwise, stick to the higher ones.

DON'T MAKE THINGS HARDER THAN THEY NEED TO BE!
Check your past charts and you will see this easily.....once seen, it can't be unseen!
Get NAKED or get fooled!!!

Good post. Thanks Timfrec

[woodlands]

DON'T MAKE THINGS HARDER THAN THEY NEED TO BE!
Check your past charts and you will see this easily.....once seen, it can't be unseen!
Get NAKED or get fooled!!!

Good post. Thanks Timfrec

Yup

[woodlands]

EURUSDFri.png

[kola8701]

DON'T MAKE THINGS HARDER THAN THEY NEED TO BE!
Check your past charts and you will see this easily.....once seen, it can't be unseen!
Get NAKED or get fooled!!!

Yes easily seen after the fact

[waza]

Hi Leon,

do you mind sharing that indicator with the M1 , pivot point etc. please

ta

waza

Hi Guys

I have entered some shorts on EURUSD at 1.20484 assuming that my yearly med res 1 might hold and also being in the peaky area. Early days and stability below 1.20484 is needed for a push down to my yearly pivot at 1.14789 or for a push down to med support 1 at 1.11723. Of course the dreaded round number and psychological res now turned support at 1.20000 needs to go.

Early days and failing all this undoubtedly res 1 at 1.26179.

All the best
Leon

[Wavegarrick]

do you mind sharing that indicator with the M1 , pivot point etc. please

ta

waza

Hi Waza, here you go.

Cheers
Leon

Yearly_Pivots.mq4

[waza]

cheers

[waza]

Some trades i'm in just now