The Captains Chest - Naked Trading & Other Stuff

[BobbyT]

somebody sent me a pm requesting for my daily routing before taking a trade. i just want to post it here for everybody to read and understand how i do it.

first of all i scan my chart for level one/ level 3.

secondly i confirm it from daily time frame

i mark my levels and make sure they are correct

then after asian section, i wait to see accumulation extensions towards a common ground{ important area]

lastly, i will wait for M/W pattern and hammer the hell out of it.
if you are not patient, you will never see it THANKS TO CAPTAIN

I haven't posted in a few months. Been busy with study and have decided to get naked again but on the h4/d1 timeframes as its a bit more conducive to the time I have.

Its been great following Sympathys development and his willingness to help everyone.

So ti try and get a bit of advice for myself, could you please expand on the second point above?
The whole concept of inter timeframe confirmation is still qjite unclear for me.

Cheers,
BobbyT

[sympathy]

Level3 not confirmed yet.. one leg up until the second holds

What type of action would confirm (or infirm) a level?

That is when the low hold price. Read the thread very well so that you will understand.

So, in that case (EU) did you mean low of level 2? The leg up happened and price is coming back now, does that confirm level2?

Eu is in level3. but it seems they want to bring another leg down. i have taking what is given on my EU trade. every setup was working fine but fox turned it round. remember he is in charge here. am expecting price to drop an pickup again.

[sympathy]

somebody sent me a pm requesting for my daily routing before taking a trade. i just want to post it here for everybody to read and understand how i do it.

first of all i scan my chart for level one/ level 3.

secondly i confirm it from daily time frame

i mark my levels and make sure they are correct

then after asian section, i wait to see accumulation extensions towards a common ground{ important area]

lastly, i will wait for M/W pattern and hammer the hell out of it.
if you are not patient, you will never see it THANKS TO CAPTAIN

I haven't posted in a few months. Been busy with study and have decided to get naked again but on the h4/d1 timeframes as its a bit more conducive to the time I have.

Its been great following Sympathys development and his willingness to help everyone.

So ti try and get a bit of advice for myself, could you please expand on the second point above?
The whole concept of inter timeframe confirmation is still qjite unclear for me.

Cheers,
BobbyT

it means the position of price in the weekly and daily circle.

[sympathy]

lost my GU trade. fox is pushing another leg down. i must wait and see when he will get tired and Run towards my trap.

[BobbyT]

it means the position of price in the weekly and daily circle.

Maybe I have something totally backwards.
I thinK I get what you're saying but isn't d1 the monthly cycle? Each time divder is a month on d1. So going on the 3 level concept of 3 levels over 3-5 periods this would mean 3 levels over 3-5 months (therefore a monthly cycle).
Are you just checking that you're not selling into the end of level 3 d0wn on the higher timeframe or also the end of the 3rd push down in any level.

Seeing so many of ypur charts over the past couple of months has really helped me graspe level counts on a single timeframe. So once again, thank you.

[sympathy]

it means the position of price in the weekly and daily circle.

Maybe I have something totally backwards.
I thinK I get what you're saying but isn't d1 the monthly cycle? Each time divder is a month on d1. So going on the 3 level concept of 3 levels over 3-5 periods this would mean 3 levels over 3-5 months (therefore a monthly cycle).
Are you just checking that you're not selling into the end of level 3 d0wn on the higher timeframe or also the end of the 3rd push down in any level.

Seeing so many of ypur charts over the past couple of months has really helped me graspe level counts on a single timeframe. So once again, thank you.

hey bobby, you don't need to over calculate those stuffs ok. in a week we have five working days so price will always fall or rise 3-5 days withing the week.your job is to locate the pair that has completed its rise/fall then follow it from level3/level 1.

[hannele]

Sometimes we don't catch-up with the pins due to 2much pairs but don't worry about that because the next day, Fox will always bring price back to us

Hi sympathy,

I don't get it, how did you loose in this trade (GU) ? Could you expand please ?
cheers
hannele

[bodring]

Sometimes we don't catch-up with the pins due to 2much pairs but don't worry about that because the next day, Fox will always bring price back to us

Hi sympathy,

I don't get it, how did you loose in this trade (GU) ? Could you expand please ?
cheers
hannele

I guess Sympathy had a tight SL, but price made one more push.

[hannele]

Sorry, referring to this image,
cheers
hannele

[hannele]

Sometimes we don't catch-up with the pins due to 2much pairs but don't worry about that because the next day, Fox will always bring price back to us

Hi sympathy,

I don't get it, how did you loose in this trade (GU) ? Could you expand please ?
cheers
hannele

I guess Sympathy had a tight SL, but price made one more push.

Hi bording

my point was, there is buy and sell, 100pips between
cheers
hannele