Much appreciate Pips400, thank you very much.
On higher time frame you posted, I'm seeing price going back up to complete heads & shoulder pattern? How did you determine levels for the grey box?
The Captains Chest - Naked Trading & Other Stuff
- Direwolf
- Trader
- Posts: 92
- Joined: Mon Nov 17, 2014 5:42 pm
The Captains Chest - Naked Trading & Other Stuff
“Forget the BS you've been told. You have been educated to lose your money. All of it.”
-- CJ
-- CJ
- Direwolf
- Trader
- Posts: 92
- Joined: Mon Nov 17, 2014 5:42 pm
The Captains Chest - Naked Trading & Other Stuff
I have a question about a chart posted in Kwanann's thread. I understand that pairs making lower high are bull traps. But what about the last one where it was making higher high? What trap was that and what was it telling us?
http://www.stevehopwoodforex.com/phpBB3 ... USDCAD.PNG
http://www.stevehopwoodforex.com/phpBB3 ... USDCAD.PNG
“Forget the BS you've been told. You have been educated to lose your money. All of it.”
-- CJ
-- CJ
- pips400
- Trader
- Posts: 279
- Joined: Tue Jan 01, 2013 9:03 pm
The Captains Chest - Naked Trading & Other Stuff
Hi Direwolf, I personally don't see a head and shoulder pattern because the neckline has already been broken. The grey box is basically a retrace box of he fib values 50 to 76.4 of the recent wave high to low, that's why it might change yet if price makes another drop below the current low.Direwolf » Fri Dec 12, 2014 12:43 pm wrote:Much appreciate Pips400, thank you very much.
On higher time frame you posted, I'm seeing price going back up to complete heads & shoulder pattern? How did you determine levels for the grey box?
Trade the edge not the moment
Dragons Lair Trading - My Personal Trading Journal and Strategy
Dragons Lair Trading - My Personal Trading Journal and Strategy
-
dudest
- Trader
- Posts: 1847
- Joined: Tue May 08, 2012 2:37 pm
The Captains Chest - Naked Trading & Other Stuff
Captain Jack (Charter Member) 2012-03-14 00:43
BARF Your Way to Profits!
TRICKERY
Here's 4 ways to say the same thing...BUT PRESENTED To YOU AS 3 DIFFERENT PATTERNS....
The word is the same and the INTENT Is the same...no matter what it looks like to you...it's still the same....
They show you the same thlng, over and over, but present It to you In different ways....
They make it hard to see, otherwise it becomes less effective.
Oh, did I mention they try to hide it as well....
They aRe Intent on trlCKlng us In EveRy waY possible!
John
You do not have the required permissions to view the files attached to this post.
-
tommiho
- Trader
- Posts: 112
- Joined: Wed Nov 21, 2012 12:11 pm
The Captains Chest - Naked Trading & Other Stuff
Hi dudest,
that's the captain for you
We know they lie to us, we know they want to mislead us, we know they want to get the price from point A to point B, but there is a very many ways to do that and they can shake you off like that
along its path.
I haven't understood it and I may say not very many people did.
Well the first step is to realize that the trickery is there.
that's the captain for you
We know they lie to us, we know they want to mislead us, we know they want to get the price from point A to point B, but there is a very many ways to do that and they can shake you off like that
I haven't understood it and I may say not very many people did.
Well the first step is to realize that the trickery is there.
- Reaper
- Trader
- Posts: 476
- Joined: Sat Feb 09, 2013 12:07 am
- Location: UK
The Captains Chest - Naked Trading & Other Stuff
Where is this taken from?dudest » Fri Dec 12, 2014 5:44 pm wrote:Captain Jack (Charter Member) 2012-03-14 00:43
BARF Your Way to Profits!
TRICKERY
Here's 4 ways to say the same thing...BUT PRESENTED To YOU AS 3 DIFFERENT PATTERNS....
The word is the same and the INTENT Is the same...no matter what it looks like to you...it's still the same....
They show you the same thlng, over and over, but present It to you In different ways....
They make it hard to see, otherwise it becomes less effective.
Oh, did I mention they try to hide it as well....
They aRe Intent on trlCKlng us In EveRy waY possible!
John
.
-
lluisitu
- Posts: 2
- Joined: Wed Dec 25, 2013 6:47 pm
The Captains Chest - Naked Trading & Other Stuff
Hi,
I've been reading and learning from the forum for a few time, mostly through other topics and trying to get some wins using some of the popular indicators here. While I had some lucky strikes, I usually end up blowing up my demo account taking trades too late in the cycle and then letting the losers run for too long.
So I thought that reading correctly the charts would be probably wise idea to focus on and hopefully a way to avoid the big losers.
After reading the PDF document, most of the posts and examples, I took a chance and played with the USD CAD.
This is what I see on the H4:
Reaching Level 3, top of the up-trend range and also near a top from '09.
From here I'd go short targeting about 100 pips to reach the first level of the new cycle down.
Does anyone have a similar view?
Thanks!
Lluis
I've been reading and learning from the forum for a few time, mostly through other topics and trying to get some wins using some of the popular indicators here. While I had some lucky strikes, I usually end up blowing up my demo account taking trades too late in the cycle and then letting the losers run for too long.
So I thought that reading correctly the charts would be probably wise idea to focus on and hopefully a way to avoid the big losers.
After reading the PDF document, most of the posts and examples, I took a chance and played with the USD CAD.
This is what I see on the H4:
Reaching Level 3, top of the up-trend range and also near a top from '09.
From here I'd go short targeting about 100 pips to reach the first level of the new cycle down.
Does anyone have a similar view?
Thanks!
Lluis
You do not have the required permissions to view the files attached to this post.
-
tommiho
- Trader
- Posts: 112
- Joined: Wed Nov 21, 2012 12:11 pm
The Captains Chest - Naked Trading & Other Stuff
Hi angat,Angat » Sat Dec 13, 2014 12:10 am wrote:Where is this taken from?dudest » Fri Dec 12, 2014 5:44 pm wrote:Captain Jack (Charter Member) 2012-03-14 00:43
BARF Your Way to Profits!
TRICKERY
Here's 4 ways to say the same thing...BUT PRESENTED To YOU AS 3 DIFFERENT PATTERNS....
The word is the same and the INTENT Is the same...no matter what it looks like to you...it's still the same....
They show you the same thlng, over and over, but present It to you In different ways....
They make it hard to see, otherwise it becomes less effective.
Oh, did I mention they try to hide it as well....
They aRe Intent on trlCKlng us In EveRy waY possible!
John
it's taken from the pdf of CJ posts from another forum and the tread which was dedicated to BARF. I personally see that tread as a birthplace of what he has tried to explain here.
- Reaper
- Trader
- Posts: 476
- Joined: Sat Feb 09, 2013 12:07 am
- Location: UK
The Captains Chest - Naked Trading & Other Stuff
Oh right, can you link pls? or pm perhaps. If you can upload that pdf somewhere that but appreciated too.tommiho » Sat Dec 13, 2014 3:50 pm wrote:Hi angat,Angat » Sat Dec 13, 2014 12:10 am wrote:Where is this taken from?dudest » Fri Dec 12, 2014 5:44 pm wrote:Captain Jack (Charter Member) 2012-03-14 00:43
BARF Your Way to Profits!
TRICKERY
Here's 4 ways to say the same thing...BUT PRESENTED To YOU AS 3 DIFFERENT PATTERNS....
The word is the same and the INTENT Is the same...no matter what it looks like to you...it's still the same....
They show you the same thlng, over and over, but present It to you In different ways....
They make it hard to see, otherwise it becomes less effective.
Oh, did I mention they try to hide it as well....
They aRe Intent on trlCKlng us In EveRy waY possible!
John
it's taken from the pdf of CJ posts from another forum and the tread which was dedicated to BARF. I personally see that tread as a birthplace of what he has tried to explain here.
Cheers
.
- Direwolf
- Trader
- Posts: 92
- Joined: Mon Nov 17, 2014 5:42 pm
The Captains Chest - Naked Trading & Other Stuff
This I believe
https://docs.google.com/file/d/0Bz8Fi4I ... 5pa0U/edit
https://docs.google.com/file/d/0Bz8Fi4I ... 5pa0U/edit
“Forget the BS you've been told. You have been educated to lose your money. All of it.”
-- CJ
-- CJ