The Captains Chest - Naked Trading & Other Stuff

Post by **sympathy** » Tue Jun 23, 2015 1:56 pm

hahahaha I posted my chart in one forum they said am a scarma. some people are still blind in this forex stuff.anyway by the time they see other members post here, there eyes will open.

Zaleske · Post by **Zaleske** » Tue Jun 23, 2015 2:48 pm

sympathy » Tue Jun 23, 2015 2:19 pm wrote: yeh W is for buy and M is for sell... sometime in a straight away move, you will see a W pattern forming, it means a continuation ok.

Hmm... But how did you know it wasn't reversing around here? Lower low?

Screenshot_2015-06-23-16-44-26.png

fiox · Post by **fiox** » Tue Jun 23, 2015 3:05 pm

Zaleske » Tue Jun 23, 2015 4:48 pm wrote:
sympathy » Tue Jun 23, 2015 2:19 pm wrote: yeh W is for buy and M is for sell... sometime in a straight away move, you will see a W pattern forming, it means a continuation ok.
Hmm... But how did you know it wasn't reversing around here? Lower low?

Low, Low Low, High Low. I can't see High Low on the point that you indicated

Post by **sympathy** » Tue Jun 23, 2015 3:21 pm

Zaleske » Tue Jun 23, 2015 3:48 pm wrote:
sympathy » Tue Jun 23, 2015 2:19 pm wrote: yeh W is for buy and M is for sell... sometime in a straight away move, you will see a W pattern forming, it means a continuation ok.
Hmm... But how did you know it wasn't reversing around here? Lower low?

remember we are following the trend. euro pairs are dropping so we have to follow the fox in this situation. he will always lead you to his destination. that place you circled was a pause in price. his direction is what we need to follow. after accumulation fox will push price away from the accumulation stage in 3pushes in price. he will look for HOD/LOD within that pair and stop the bulls/bears showing the pins. so from my chart I already know were he is going.

let me show you how. after accumulation, locate any flip zone[ where price breaks a level in the past] and wait for the fox around that area. also at weekends when price is not moving check your Empty4 and locate the past M/W, you will see that mostly all of them are located in a flip zone area. hope it helps.

Post by **sympathy** » Tue Jun 23, 2015 3:27 pm

fiox » Tue Jun 23, 2015 4:05 pm wrote:
Zaleske » Tue Jun 23, 2015 4:48 pm wrote:
sympathy » Tue Jun 23, 2015 2:19 pm wrote: yeh W is for buy and M is for sell... sometime in a straight away move, you will see a W pattern forming, it means a continuation ok.
Hmm... But how did you know it wasn't reversing around here? Lower low?

Low, Low Low, High Low. I can't see High Low on the point that you indicated

you mean high of the day HOD/LOD

fiox · Post by **fiox** » Tue Jun 23, 2015 3:37 pm

sympathy » Tue Jun 23, 2015 5:27 pm wrote:
fiox » Tue Jun 23, 2015 4:05 pm wrote:
Zaleske » Tue Jun 23, 2015 4:48 pm wrote:
sympathy » Tue Jun 23, 2015 2:19 pm wrote: yeh W is for buy and M is for sell... sometime in a straight away move, you will see a W pattern forming, it means a continuation ok.
Hmm... But how did you know it wasn't reversing around here? Lower low?

Low, Low Low, High Low. I can't see High Low on the point that you indicated
you mean high of the day HOD/LOD

Nope sympaty, i mean like this image by adp. A reverse pattern, i think, solud be like this. Low, Low Low, High Low (ABC pattern). Maybe I'm wrong ?

http://www.stevehopwoodforex.com/phpBB3 ... 20#p123112

Post by **sympathy** » Tue Jun 23, 2015 3:50 pm

fiox » Tue Jun 23, 2015 4:37 pm wrote:
sympathy » Tue Jun 23, 2015 5:27 pm wrote:
fiox » Tue Jun 23, 2015 4:05 pm wrote:
Zaleske » Tue Jun 23, 2015 4:48 pm wrote:
sympathy » Tue Jun 23, 2015 2:19 pm wrote: yeh W is for buy and M is for sell... sometime in a straight away move, you will see a W pattern forming, it means a continuation ok.
Hmm... But how did you know it wasn't reversing around here? Lower low?

Low, Low Low, High Low. I can't see High Low on the point that you indicated
you mean high of the day HOD/LOD
Nope sympaty, i mean like this image by adp. A reverse pattern, i think, solud be like this. Low, Low Low, High Low (ABC pattern). Maybe I'm wrong ?

http://www.stevehopwoodforex.com/phpBB3 ... 20#p123112

remember we are talking about 15mins tf here. the patter are desame but you cant always see high, higher low or lower low it forms a double top or double bottom. so M/W formation is a double top/bottom. the chart I posted is a continuation pattern looks like M also looks like W pattern but for us to sell, we look for M pattern.

bodring · Post by **bodring** » Tue Jun 23, 2015 3:58 pm

Thank you very much, Sympathy for taking your time and commenting those charts. It helps a lot. One question though how do you locate what is the current trend?

Post by **sympathy** » Tue Jun 23, 2015 4:17 pm

bodring » Tue Jun 23, 2015 4:58 pm wrote:Thank you very much, Sympathy for taking your time and commenting those charts. It helps a lot. One question though how do you locate what is the current trend?

good question..... I check monthly and D1 chart and see if price is in an up trend or down trend then I will check how many levels we have in the tf am trading[normally one hour and 4hours] if the level on my time frame is two [going up] I will enter for level three. after level three, the trend will change or retraces before moving up again. the problem here is how to count the levels, if you know how to count levels you don't have problems. I will post chart soon.

fiox · Post by **fiox** » Tue Jun 23, 2015 5:57 pm

Excellent examples. Thanks a lot sympaty