kroghd » Sat Jul 04, 2015 10:11 am wrote:Hi Everyone,
My first post - been reading this thread with much enthusiasm now up to around page 350 and must say many thanks to everyone including CJ who took the time & effort to share their experiences & build the thread early on.
I am starting to look at following the fox myself & would like to post some charts which I thought might have produced a trading opportunity but the reversal never happened.
I was sitting on my hands because I was waiting for a possible reversal as per 1h - I wasnt sure if there was actually Level 1 before the Level 1 that I had marked.
Just wondering of some of the more experienced people could share with us some insight for what I was missing - this would have been a real juicy trade for the experts who could see what was happening.
Many Thanks
-David
Waiting for the fox on 5M
I'm not much more experienced than you David at levels, so don't take this as gospel but I remember looking at the GA M15 pin at the time and thinking that that area was not the real level 3. Here's how I had the levels at the time. After that strong M15 move in one push I was expecting at least the previous M15 wick and the previous H1 highs to get tested or at least a higher second leg on your M than you had the time of your entry and then a reversal (which didn't happen), and thought it was more likely there might be another M15 push - and PA just pushed higher and I didn't see a nice entry long other than just taking the break.
Edit: I should have added that level on H1 looks like a stop hunt, which CJ said you don't count as a level
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Last edited by Occam on Sat Jul 04, 2015 12:08 pm, edited 1 time in total.
On AC, AJ, AN and AU is the same pattern (the same are EA and GA), about 3 levels on H1 and could be an W and a reverse at the bottom, but every pair contains AUD.
The problem is, maybe, if 1 will not reverse every one of them could fail.
In this situation it is advisable to open only 1 trade that contains a CCY where the pattern is the same, or does anyone know a better strategy?
Thanks everybody for the charts and CJ for the forum.
kroghd » Sat Jul 04, 2015 1:11 am wrote:Hi Everyone,
My first post - been reading this thread with much enthusiasm now up to around page 350 and must say many thanks to everyone including CJ who took the time & effort to share their experiences & build the thread early on.
I am starting to look at following the fox myself & would like to post some charts which I thought might have produced a trading opportunity but the reversal never happened.
I was sitting on my hands because I was waiting for a possible reversal as per 1h - I wasnt sure if there was actually Level 1 before the Level 1 that I had marked.
Just wondering of some of the more experienced people could share with us some insight for what I was missing - this would have been a real juicy trade for the experts who could see what was happening.
Many Thanks
-David
Waiting for the fox on 5M
nice chart bro. from your analysis, you sold at level 2 which is wrong. when you fail at first attempt, you try another one ok. seems you are getting the scope Weldon.
klaatu » Sat Jul 04, 2015 9:17 am wrote:On AC, AJ, AN and AU is the same pattern (the same are EA and GA), about 3 levels on H1 and could be an W and a reverse at the bottom, but every pair contains AUD.
The problem is, maybe, if 1 will not reverse every one of them could fail.
In this situation it is advisable to open only 1 trade that contains a CCY where the pattern is the same, or does anyone know a better strategy?
Thanks everybody for the charts and CJ for the forum.
you have already answered the question. choose only one ok.
Hi Sympathy, thanks for posting your charts. Especially liked the GCad before and after charts from this latest group (previous page).
On this EurGbp trade, wonder if you could fill us in a little bit.
When did you realise it was not going as expected and when did you close it out.
It is important for me to learn how to manage loosing trades as I can pick more of them at the moment
cheers scalpz
my stop was hit then I realized that the pair is trying achieve a full 3levels, I taught its gona stop at level 2. so when trade goes against us, we wait for another good setup to recover our loss.
kroghd » Sat Jul 04, 2015 10:11 am wrote:Hi Everyone,
My first post - been reading this thread with much enthusiasm now up to around page 350 and must say many thanks to everyone including CJ who took the time & effort to share their experiences & build the thread early on.
I am starting to look at following the fox myself & would like to post some charts which I thought might have produced a trading opportunity but the reversal never happened.
I was sitting on my hands because I was waiting for a possible reversal as per 1h - I wasnt sure if there was actually Level 1 before the Level 1 that I had marked.
Just wondering of some of the more experienced people could share with us some insight for what I was missing - this would have been a real juicy trade for the experts who could see what was happening.
Many Thanks
-David
Waiting for the fox on 5M
I'm not much more experienced than you David at levels, so don't take this as gospel but I remember looking at the GA M15 pin at the time and thinking that that area was not the real level 3. Here's how I had the levels at the time. After that strong M15 move in one push I was expecting at least the previous M15 wick and the previous H1 highs to get tested or at least a higher second leg on your M than you had the time of your entry and then a reversal (which didn't happen), and thought it was more likely there might be another M15 push - and PA just pushed higher and I didn't see a nice entry long other than just taking the break.
Edit: I should have added that level on H1 looks like a stop hunt, which CJ said you don't count as a level
hey ocaam, why are you afraid of explaining what you have read in this thread. what you have just done was what we have been saying right from page one. you did a nice analysis bro. that level you pointed out was a stophunt and we don't count it as levels. thanks for your contribution. you are almost there.
kroghd » Sat Jul 04, 2015 1:11 am wrote:Hi Everyone,
My first post - been reading this thread with much enthusiasm now up to around page 350 and must say many thanks to everyone including CJ who took the time & effort to share their experiences & build the thread early on.
I am starting to look at following the fox myself & would like to post some charts which I thought might have produced a trading opportunity but the reversal never happened.
I was sitting on my hands because I was waiting for a possible reversal as per 1h - I wasnt sure if there was actually Level 1 before the Level 1 that I had marked.
Just wondering of some of the more experienced people could share with us some insight for what I was missing - this would have been a real juicy trade for the experts who could see what was happening.
Many Thanks
-David
Waiting for the fox on 5M
hey krog, welcome to the forum. pls don't take trades from 5min tf ok. because you will see plenty levels and get confused. just stick to 15mins for now until you understand the process. thanks.
Occam » Sat Jul 04, 2015 4:37 am wrote:
I'm not much more experienced than you David at levels, so don't take this as gospel but I remember looking at the GA M15 pin at the time and thinking that that area was not the real level 3. Here's how I had the levels at the time. After that strong M15 move in one push I was expecting at least the previous M15 wick and the previous H1 highs to get tested or at least a higher second leg on your M than you had the time of your entry and then a reversal (which didn't happen), and thought it was more likely there might be another M15 push - and PA just pushed higher and I didn't see a nice entry long other than just taking the break.
Edit: I should have added that level on H1 looks like a stop hunt, which CJ said you don't count as a level
hey ocaam, why are you afraid of explaining what you have read in this thread. what you have just done was what we have been saying right from page one. you did a nice analysis bro. that level you pointed out was a stophunt and we don't count it as levels. thanks for your contribution. you are almost there.
Lol thanks sympathy, I must say I had an 'aha' moment last week after your reply to my question on GU H1 levels and suddenly the light come on with identifying levels and stop hunts, then needed a few days to confirm it on live charts and it all worked out. Feeling much more confident with my analysis now, hopefully that will be reflected in my future posts! Cheers!
patmontes » Sat Jul 04, 2015 2:22 am wrote:Hello all...
Just had this wild idea... Any of you use Viber or whatsapp? We can make a group chat and share insights as they happen within the trading week about the moves of the fox then post our success charts and trades here in the thread to share with everyone.
Hi,
You have a good idea there.
I know there are a few of us over at BoldTraders free FX1D system skype room & we discuss trades that follow his system over there.
Perhaps you might want to look to setup a Naked Trading skype group?
I think realtime discussion of possible setups might help people who are new.
