The Captains Chest - Naked Trading & Other Stuff

[dudest]

Oh right... For some reason cTrader has fib level set at 76.4. So weird.

Thanks mate!

No worries bro

I had to add 73.6 (0.736) to Empty4 Fib (double-click Fib > right-click > Fibo Properties)

I'm guessing the cTrader one should also allow editing the levels

Cheers!

[dudest]

@blazej: you have no idea how much good you did when you posted that channel pattern a few pages back
Bless you man

==

Peeps, does below chart remind you of anything?

20141203_nzdusd_h4_.png

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[dudest]

@blazej: you have no idea how much good you did when you posted that channel pattern a few pages back
Bless you man

==

Peeps, does below chart remind you of anything?



.

OK, coz next leg is beginning, I'll post what it reminds me of [ incase someone would like to jump in as well ]

PS: screenshots below were taken a few hours ago

20141203_gbpnzd_nzdusd_h4_channel_patterns_gbpnzd_leading.png

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[blazej]

Hi,

I'm glad that I helped. Lots of things going on, when it gets quiet, I'll search for patterns again. Tried HGI today. I hour of trading, one trade, +26 pips. Nice tool, but I would like to trade without any ads. Thats my goal.

All the best for You and others.

Blazej

[Direwolf]

Hi Dudest. Is this channel pattern pretty common? You'll be expecting leg 14, 15 and 16? Are there any confirmation you're waiting for at the reverse level?

[dudest]

Hi,

I'm glad that I helped. Lots of things going on, when it gets quiet, I'll search for patterns again. Tried HGI today. I hour of trading, one trade, +26 pips. Nice tool, but I would like to trade without any ads. Thats my goal.

All the best for You and others.

Blazej

Goodstuff Blaze!, best to you too!

[dudest]

Hi Dudest. Is this channel pattern pretty common? You'll be expecting leg 14, 15 and 16? Are there any confirmation you're waiting for at the reverse level?

Since Blaze posted it, have noticed it used very recently on AUDCAD, GBPNZD and currently being used on EURJPY, EURSEK, CHFJPY, NZDUSD. Seems at some points in time, they use it alot

I'm expecting the NZDUSD H4 to play out just like the GBPNZD H4 [ of course inversely though; GN was down, NU is up ]

I'm waiting for no other confirmation. When I looked at the 2 charts and SAW, that was it [ just like when you look at level counts and SEE, and decide where you'll jump in ]. All that remains is STACKING it like nobody's business! If I happen to be wrong, and the pattern is invalidated, I simply cut the losses ( like USDJPY yesterday ) and the winners take care of the losers

Cheers

[Direwolf]

Thank you for explaining to me Dudest. Really appreciate... Normally do you expect these pattern to repeat exactly to the count? I mean, 16-17-18 are the profit release phase. Can it also happen after 13 without 14-15 for example? :O

Am I pushing it too much on CAD/JPY? Not as perfect but the wave count just lined up... Amazing.

2014-12-04_1230.png

And thank you Blaze!

[dudest]

Thank you for explaining to me Dudest. Really appreciate... Normally do you expect these pattern to repeat exactly to the count? I mean, 16-17-18 are the profit release phase. Can it also happen after 13 without 14-15 for example? :O

Am I pushing it too much on CAD/JPY? Not as perfect but the wave count just lined up... Amazing.


And thank you Blaze!

You nailed it dude!!, hadn't even noticed it on the CADJPY, goodstuff

The numbering I was using was just to track the GBPNZD -vs- NZDUSD but the PATTERN IS THE SAME

As it looks: CADJPY is leading CHFJPY which is around #17 in your chart now in the opp direction

[Direwolf]

Thank you! Interesting point about CHF. I can't identify the pattern on that one tho.

Does this pattern lead anywhere? AUD/CAD h1.