The Captains Chest - Naked Trading & Other Stuff

dudest · Post by **dudest** » Wed Mar 25, 2015 9:29 am

dudest » Wed Mar 25, 2015 12:19 pm wrote:EURUSD

I'll wait for it to fall down first (if it happens) then enter longs (the dominant cycle) [ + have USD longs going already, so... ]

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OK, the more I look at it, the neater it looks

Will take the shorts ( small positions first then stacked! if it goes right )

20150325_eurusd_h1_levels_view2.png

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bodring · Post by **bodring** » Wed Mar 25, 2015 9:54 am

dudest » Wed Mar 25, 2015 9:19 am wrote:EURUSD

I'll wait for it to fall down first (if it happens) then enter longs (the dominant cycle) [ + have USD longs going already, so... ]

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Hi, admire the way you analyze the charts. One question though how do u determine current cycle?

dudest · Post by **dudest** » Wed Mar 25, 2015 12:48 pm

bodring » Wed Mar 25, 2015 12:54 pm wrote:
Hi, admire the way you analyze the charts. One question though how do u determine current cycle?

Thanks bodring

The current cycle is the direction price is moving in after a recent reversal from a peak low/high[ I know that's very loose, but can't think of a better way to say it ]

For example: EU on H4 made a W, and levels started counting upwards. So it's basically stepping up. At L3, it could reverse, or retrace then resume the levels count

CJ preferred M15 coz 3 cycles every 3-5 days ( with 3 pushes per cycle )
Day 1: Asia: push 1, London: push 2, NY: push 3
3-5 days: 3 cycles each having 3 pushes

I personally prefer counting the cycles/levels on H1, H4 ( I usually only see it on those TFs )

PS: when price starts trending crazily, I lose count (but maybe that's just because I'm lazy)

Sorry for the long post, hope it's not made things worse...

20150325_audusd_h4_levels.png

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Piter80 · Post by **Piter80** » Wed Mar 25, 2015 12:55 pm

I thought counting start after peak high/low

But I'm no expert

All the best

dudest · Post by **dudest** » Wed Mar 25, 2015 2:02 pm

Piter80 » Wed Mar 25, 2015 3:55 pm wrote:

I thought counting start after peak high/low
But I'm no expert

All the best

@peak high/low: Very true, have edited post [ I find those type of questions tricky, prefer to put up a chart ]

@expert: neither am I. Lurkers just don't realize how putting your work out - and risking being critiqued / being wrong - clarifies your thinking... (mind = holy grail)

bodring · Post by **bodring** » Wed Mar 25, 2015 3:45 pm

Thank you a lot for your answer. Now a lot is clearer.

Piter80 · Post by **Piter80** » Wed Mar 25, 2015 4:09 pm

Very true Dudest.
Mind,MM,patience. That's what is most important.

blazej · Post by **blazej** » Wed Mar 25, 2015 8:05 pm

Thanks for the book Dudest. I already known that now it's me versus me, but this book gave me few hints to solve my problems. Mind games started

Piter80 · Post by **Piter80** » Wed Mar 25, 2015 8:07 pm

what book?

Post by **hannele** » Wed Mar 25, 2015 8:21 pm

I second Pieter, what book ?

I like to thank you dudest, your charts and explanations have helped me tremendously - thank you

cheers
hannele