The Captains Chest - Naked Trading & Other Stuff

IanN · Post by **IanN** » Fri Oct 23, 2015 5:45 pm

Joe, Captain Jack placed a lot of emphasis on ensuring that you were not trading counter to what the higher time frame was showing - well until you got really really good at this stuff.

Somewhere along the way, Sympathy responded to someone's post that they should look at the Daily chart and check for three days up or down to confirm what they were seeing at the hour level.

Looking at the daily charts I think that:

USDJPY started the latest three move up on 21st following a period of accumulation on the 20th after the previous three moves up
USDCHF - the first leg doesn't start until 20th
GBPCHF - first leg starts on 21st
EURUSD - First leg started on 15th and completed on 16th followed by accumulation during 19th to 21st and into the 22nd when the second leg starts

I'm still learning this stuff so wait until someone like the Captain, Sympathy, Dudest or one of the other guys that are trading successfully day-in day-out can confirm what I am seeing. That way both you and I can learn from the same set of trades

Regards

Ian N.

joe1980 · Post by **joe1980** » Fri Oct 23, 2015 5:58 pm

IanN » Fri Oct 23, 2015 5:45 pm wrote:
I'm still learning this stuff so wait until someone like the Captain, Sympathy, Dudest or one of the other guys that are trading successfully day-in day-out can confirm what I am seeing. That way both you and I can learn from the same set of trades

Regards

Ian N.

Ian, thanks very much for looking at my charts and your analysis. I'll take it away and study the level count again in the context of what you've said, which all makes sense to me.

Really appreciate you taking the time to respond.

Joe

Post by **sympathy** » Fri Oct 23, 2015 7:20 pm

santos » Fri Oct 23, 2015 5:43 pm wrote:Hello everyone, my first post here, I started my real "manipulation" insight in forex thanks to martin coles book but it just didnt have enough details on some aspects. Fortunately I saw CJ's posts on another forum which i wont mention but im sure you all know, anyway i started reading some last night and viewing some charts too. I have attached a chart can someone experienced tell me how close I am or where I went wrong? Many thanks and I hope i can help people in the near future.

and another

I dont understand your question but from the above chart everything is clear

Post by **sympathy** » Fri Oct 23, 2015 7:27 pm

joe1980 » Fri Oct 23, 2015 5:14 pm wrote:First of all, my thanks to all of the contributors on this thread. I've read every post as well as the summary PDFs a couple of times. However, I'm still struggling to put the theory into practice on my demo account. Most of my trades over the last few days have been losers.

Here are some of my level counts up to today. Am I just completely off the mark?

Thanks. I appreciate any help/advice anybody can give :hi:

you are on track bro, you just need little practice to meet up. good job. keep practicing ok

Post by **sympathy** » Fri Oct 23, 2015 7:30 pm

forexgeeker » Fri Oct 23, 2015 1:10 pm wrote:Hi Guys,

I'm doing some homework on spread monitoring this few days to see how it behaves when reversal is about to happen...What I find difficult is everytime I'm viewing another pair,I always need to change the Tick chart manually to the current pair I'm viewing..It's a bit troublesome when monitoring so many pairs...

So this afternoon,I tried PM's Tommaso and ask him whether he have any 'tools' in his collection that can make this easier..Guess what.?Few hours later he come up with this tick chart indicator (as usual he's fast) and it works absolutely brilliant..

I have it now running on multiple pair on one of my Empty4 platform and it works smoothly..What makes it even more great is we can also scroll back to see the spread history...I believe this will help us tremendously to spot the reversal sign...Here it is guys,Enjoy!!

All credit goes to Tommaso for his Brilliant work.!!!

forexgeeker, please try and put your findings on chart so we will understand what you are saying ok. thanks for the info

Captain Jack · Post by **Captain Jack** » Fri Oct 23, 2015 7:40 pm

joe1980 » Fri Oct 23, 2015 12:14 pm wrote:First of all, my thanks to all of the contributors on this thread. I've read every post as well as the summary PDFs a couple of times. However, I'm still struggling to put the theory into practice on my demo account. Most of my trades over the last few days have been losers.

Here are some of my level counts up to today. Am I just completely off the mark?

Thanks. I appreciate any help/advice anybody can give :hi:

Always remember that there is usually a stop hunt between levels 2 and 3.... never count this as a level!

-CJ-

Post by **xrismak** » Fri Oct 23, 2015 10:59 pm

Peeps,
These days I seem to just Plan my Trades and Trade my Plan irrespective of what the Fox decides to do...

Before @ the Planning Stage....

The Draw Down on GBP-NZD 21-10-15.jpg

The Structure of the Trade Plan....I Spoke to the Fox in my own Language.... the 3 Pushes.....

GBP-NZD Talking to the FOX in MY Language 23-10-15 (A).jpg

and Finally Took what was Offered......

Took what was Offered This Time 23-10-15.jpg

Sometimes in Trading Life, one just has to have a Plan and Stick to it No Matter what get's thrown at One by the Fox.....

Happy Trading Folks,

xrismak

Captain Jack · Post by **Captain Jack** » Sat Oct 24, 2015 12:23 am

xrismak » Fri Oct 23, 2015 6:59 pm wrote:Peeps,
These days I seem to just Plan my Trades and Trade my Plan irrespective of what the Fox decides to do...

Before @ the Planning Stage....

The Structure of the Trade Plan....I Spoke to the Fox in my own Language.... the 3 Pushes.....

and Finally Took what was Offered......

Sometimes in Trading Life, one just has to have a Plan and Stick to it No Matter what get's thrown at One by the Fox.....

Happy Trading Folks,

xrismak

Well done! Now I suspect you will be looking for the "W" to form at the peak low here and maybe play the levels back up?? Anyway, the 1st penetration to the low and the formation of the "W" can be followed by a small retrace and then the drop to the 1st leg of the "W"... just a thought.

-CJ-

Piter80 · Post by **Piter80** » Sat Oct 24, 2015 8:56 am

Hi
CJ could You say something more about price mapping?How You know which pattern is this right one?Couse it's
quite easily to find map for monthly chart on D1.But when I try to find map for d1 or h4 on m15,m30 the similar patterns are usually a few.What then?how to recognize the right one pattern.

All the best

Captain Jack · Post by **Captain Jack** » Sat Oct 24, 2015 8:59 am

Piter80 » Sat Oct 24, 2015 4:56 am wrote:Hi
CJ could You say something more about price mapping?How You know which pattern is this right one?Couse it's
quite easily to find map for monthly chart on D1.But when I try to find map for d1 or h4 on m15,m30 the similar patterns are usually a few.What then?how to recognize the right one pattern.

All the best

In all honesty, you should not be mapping price. No one seems to be successful in doing so although some have come so close at times.

Learn the levels and trade from those, that's where you will profit.

-CJ-