The Captains Chest - Naked Trading & Other Stuff

Captain Jack · Post by **Captain Jack** » Fri Oct 30, 2015 2:16 pm

botrak » Fri Oct 30, 2015 9:36 am wrote:
Captain Jack » Fri Oct 30, 2015 5:48 am wrote:
Piter80 » Fri Oct 30, 2015 1:29 am wrote:That You for Your lessons and patience CJ.
I have only one question.
Why it's not level one?

All the best
Why would you call that Level one drop? You draw the levels for me because I've drawn them over and over...

Show me your peak low, the 3 levels or rise and retrace and then show me your level one drop...

-CJ-

I think confusion with levels comes from here:

Confusion also comes from taking charts out of context with the discussions concerning each individual chart and the generalization of those charts.... each has it's own story and are marked accordingly.

So many fail to realize that there are cycles within the cycles and they create their own confusion.

My levels are and always have been marked where price pauses and creates a level...IN NO CHART HAVE I EVER DRAWN A LEVEL AT A CANDLE TOP OR PEAK, AS SOME ARE TRYING TO DO...

If my explanations do not suffice, then so be it... I know no other way to say what I've been saying over and over again

-CJ-

Captain Jack · Post by **Captain Jack** » Fri Oct 30, 2015 2:29 pm

[quote="Piter80 » Fri Oct 30, 2015 10:16 am"][/quote]

Captain Jack · Post by **Captain Jack** » Fri Oct 30, 2015 2:34 pm

It is what it is... quit trying to make it something else...

-CJ-

Post by **ZumZum** » Fri Oct 30, 2015 2:57 pm

sympathy » Fri Oct 30, 2015 3:12 pm wrote:NU

Mine's a bit different:

NZDUSDH1.png

Darkst · Post by **Darkst** » Fri Oct 30, 2015 3:03 pm

I'm newbie.
Am I correct in this case?

Thanks!

Madmoney · Post by **Madmoney** » Fri Oct 30, 2015 4:02 pm

Captain Jack » Fri Oct 30, 2015 2:34 pm wrote:It is what it is... quit trying to make it something else...

-CJ-

Thanks again for your patience CJ.

I'm not the sharpest tool in the shed, but if I can get the rhythm of market anybody can. As it's been reiterated before, take this knowledge and apply it to your own style of trading.

Absolutely killing it today.

prac7.PNG

Darkst · Post by **Darkst** » Fri Oct 30, 2015 4:25 pm

I would like to ask about second chart. Will it be a good setup for go long on gold if "W" will form?

PogMeme · Post by **PogMeme** » Fri Oct 30, 2015 4:30 pm

Madmoney » Fri Oct 30, 2015 10:02 am wrote:
Captain Jack » Fri Oct 30, 2015 2:34 pm wrote:It is what it is... quit trying to make it something else...

-CJ-
Thanks again for your patience CJ.

I'm not the sharpest tool in the shed, but if I can get the rhythm of market anybody can. As it's been reiterated before, take this knowledge and apply it to your own style of trading.

Absolutely killing it today.

Nicely done on GU... I thought I spotted this yesterday as well

Captain Jack » Thu Oct 29, 2015 8:10 am wrote:
PogMeme » Thu Oct 29, 2015 9:44 am wrote:How is my labeling here?
If you can't determine where the you are in a cycle on any given pair, why do you try to force a trade there? Is it not easier to look at one of the other pairs for a clearer picture? I can never understand that....

-CJ-

I can't tell if I got lucky if if I was correct.. May I see your counts here? And perhaps CJ can explain why I'm wrong as well in this spot.

Captain Jack · Post by **Captain Jack** » Fri Oct 30, 2015 4:48 pm

PogMeme » Fri Oct 30, 2015 12:30 pm wrote:
Madmoney » Fri Oct 30, 2015 10:02 am wrote:
Captain Jack » Fri Oct 30, 2015 2:34 pm wrote:It is what it is... quit trying to make it something else...

-CJ-
Thanks again for your patience CJ.

I'm not the sharpest tool in the shed, but if I can get the rhythm of market anybody can. As it's been reiterated before, take this knowledge and apply it to your own style of trading.

Absolutely killing it today.

Nicely done on GU... I thought I spotted this yesterday as well
Captain Jack » Thu Oct 29, 2015 8:10 am wrote:
PogMeme » Thu Oct 29, 2015 9:44 am wrote:How is my labeling here?
If you can't determine where the you are in a cycle on any given pair, why do you try to force a trade there? Is it not easier to look at one of the other pairs for a clearer picture? I can never understand that....

-CJ-
I can't tell if I got lucky if if I was correct.. May I see your counts here? And perhaps CJ can explain why I'm wrong as well in this spot.

Sorry mate, I'm done with that pair...maybe somebody else will answer your question...

-CJ-

Captain Jack · Post by **Captain Jack** » Fri Oct 30, 2015 4:49 pm

Darkst » Fri Oct 30, 2015 12:25 pm wrote:I would like to ask about second chart. Will it be a good setup for go long on gold if "W" will form?

I offer no trade advice... trade your views on a demo account and learn the levels that way... if anybody is trading live without knowing the levels and cycles, and I know you are, it's going to cost you....

-CJ-