The Captains Chest - Naked Trading & Other Stuff

rambo06 · Post by **rambo06** » Tue Sep 01, 2015 10:08 pm

xrismak » Tue Sep 01, 2015 9:59 pm wrote:
rambo06 » Tue Sep 01, 2015 8:06 pm wrote:
Xrismak & Sympathy,

If you don't mind me asking, which is this pattern that you speak of?
I see an ABC + W pattern on the M15 USD/CAD over a support area. Is this simply the pattern or are you looking for something else as well?

Thanks in advance.
Hi Rambo 06,

This how I see it things from my End.
The Chart does the Analysis without me saying too much.....

Happy Trading Y'all,
xrismak.

Hahaha ok great, thank you as always guys. Its much appreciated. My eyes are opening more and more each day. I will continue to learn and look over all of your charts.

Post by **xrismak** » Tue Sep 01, 2015 10:23 pm

rambo06 » Tue Sep 01, 2015 10:08 pm wrote:
Hahaha ok great, thank you as always guys. Its much appreciated. My eyes are opening more and more each day. I will continue to learn and look over all of your charts.

Rambo06,

Take a Look at the M5 Chart and your Eyes Might Pop Open even Better but Normally from what I understand most folks like to Take Trades off the M15 Time Frame or Charts because there is much less Noise...Price Action Wise...

USD-CAD M5 ... Illustrated for Rambo 06 on 01-09-15.jpg

Happy Trading Y'all,

xrismak

rambo06 · Post by **rambo06** » Wed Sep 02, 2015 3:58 am

xrismak » Tue Sep 01, 2015 10:23 pm wrote:
rambo06 » Tue Sep 01, 2015 10:08 pm wrote:
Hahaha ok great, thank you as always guys. Its much appreciated. My eyes are opening more and more each day. I will continue to learn and look over all of your charts.

Rambo06,

Take a Look at the M5 Chart and your Eyes Might Pop Open even Better but Normally from what I understand most folks like to Take Trades off the M15 Time Frame or Charts because there is much less Noise...Price Action Wise...

Happy Trading Y'all,

xrismak

Xrismak,

You are right my friend, eyes popped wide open

Although I do try and look at most timeframes when trading this strategy I have never gone as low as the 5m chart. But the pattern really presents itself on that one. hard to miss in fact hahah

Post by **fahedksa** » Wed Sep 02, 2015 4:35 am

sympathy » Tue Sep 01, 2015 4:40 pm wrote:
fahedksa » Tue Sep 01, 2015 12:36 pm wrote:Hi All,
Fistful am very grateful to all you guys here specially CJ for these great thread and help.
I am still reading all PDF and posts here but i have a question regarding EURUSD today
Today price break above Asia range more than 30 pips and form pins on top but i don't take these trade because i think we are now finish the down side and we looking to go long ,Can please anyone correct me ?
sorry for late reply bro. EU is doing his job well we are already at level 2 up. eyes open after the accumulation it extended up and trap longs then the fox moves to its path.

Thank you sympathy for your reply and help.
I want ask about level , If we have 3 down levels so we may have another up or down 3 levels after that or after 3 down levels we most have 3 up levels?
Another question:
If we in level 3 down trend and as we know its started with M (which in higher TF it's RRT) ,We will wait W developing to go in up trend .So,Is it matter if W developed in Asia session or usually its not happen there?

IanN · Post by **IanN** » Wed Sep 02, 2015 7:13 am

websie » Tue Sep 01, 2015 6:21 pm wrote:Ok thanks Sympathy and IanN ( er except Ian, it really looks like your level 1 is in the same place as mine ), good to see where the levels should be, I'll wait I attach the M15 showing what I thought was TV, adr low, day low which made me think it was time. thanks guys, you are all such an inspiration.

Websie, apologies for that, I mistakenly used Sympathy's chart/count. However it did lead me to a couple of questions.

In the chart below, where I have marked a W formed, do you start counting at point A or point B. I've been taking point B as the starting point (i.e. count 0) and counting from there.

Second question (and it supposes that I have counted three up waves correctly - lets assume for now that I have): Is point C the top of the first leg of an M or do we wait for foxy to get into the hen house before we start counting.

Appreciate any assistance - I am learning so much in such a short space of time.

Post by **forexgeeker** » Wed Sep 02, 2015 12:29 pm

IanN » Wed Sep 02, 2015 7:13 am wrote:
websie » Tue Sep 01, 2015 6:21 pm wrote:Ok thanks Sympathy and IanN ( er except Ian, it really looks like your level 1 is in the same place as mine ), good to see where the levels should be, I'll wait I attach the M15 showing what I thought was TV, adr low, day low which made me think it was time. thanks guys, you are all such an inspiration.
Websie, apologies for that, I mistakenly used Sympathy's chart/count. However it did lead me to a couple of questions.

In the chart below, where I have marked a W formed, do you start counting at point A or point B. I've been taking point B as the starting point (i.e. count 0) and counting from there.

Second question (and it supposes that I have counted three up waves correctly - lets assume for now that I have): Is point C the top of the first leg of an M or do we wait for foxy to get into the hen house before we start counting.

Appreciate any assistance - I am learning so much in such a short space of time.

Hi Ian,

Your chart will be a lot more clear if you save it directly from Empty4..
Go to File-->Save as picture-->Active chart(as is)-->Untick the 'post pic online'-->then save.

Cheers

p.s : I'm noobies too so can't really help you with the question..Others will..

caveywoolpert · Post by **caveywoolpert** » Wed Sep 02, 2015 12:29 pm

maybe i'll catch a correction on NU

Post by **fahedksa** » Wed Sep 02, 2015 12:33 pm

Hi All,
Today i open trade on USDCHF 15M becuase we finished 3 up levels and we start down level , So after Asia session breakout above with 21 pips and after hours shaped M on top HOD but after i lost these trade and hit my SL.
Can you please explain to me if my entry wrong ?

caveywoolpert · Post by **caveywoolpert** » Wed Sep 02, 2015 12:41 pm

fahedksa » Wed Sep 02, 2015 12:33 pm wrote:Hi All,
Today i open trade on USDCHF 15M becuase we finished 3 up levels and we start down level , So after Asia session breakout above with 21 pips and after hours shaped M on top HOD but after i lost these trade and hit my SL.
Can you please explain to me if my entry wrong ?

imho you sold from level 2 counting from W on m 15

Post by **sympathy** » Wed Sep 02, 2015 12:44 pm

xrismak » Tue Sep 01, 2015 11:23 pm wrote:
rambo06 » Tue Sep 01, 2015 10:08 pm wrote:
Hahaha ok great, thank you as always guys. Its much appreciated. My eyes are opening more and more each day. I will continue to learn and look over all of your charts.

Rambo06,

Take a Look at the M5 Chart and your Eyes Might Pop Open even Better but Normally from what I understand most folks like to Take Trades off the M15 Time Frame or Charts because there is much less Noise...Price Action Wise...

Happy Trading Y'all,

xrismak

don't take levels on 5mins time frame. i don't even take on 15mins bcos they don't respect level count. hope your stoploss is wide.