The Captains Chest - Naked Trading & Other Stuff

[ChristianK]

Would this be the correct level of EU? Really appreciate for help and comments.

Thanks.

Looks proper

-CJ-

Thank you very much CJ for all your time and kind effort in helping us. I am still trying to achieve consistency.

[Captain Jack]

CJ, Do these levels seem to be mapped properly on GBPCAD 240?

Looks good. Label them how best you can see them, I usually label the level, not at the peak of the retrace, but across where price seems to pause.. in this case, price drops from PH, retraces and forms a level of pause, then drops from that level, retraces and pauses, forming the 2nd level... As long as that is what you see, label it anyway you like.

-CJ-

[Captain Jack]

So far,so good

Looks like you are starting to see things a little better now! Well done!

-CJ-

Thank You CJ.
all my success will be possible thanks to You.
In this week only one loss on eurgbp yesterday.6 wins,1 loss.

God bless You CJ.

Those trades are history, time to move to the next! Big improvement!

-CJ-

[iamsovereign]

I think I am getting the hang of this. Seems to easy ones you get your head around what CJ has been teaching.

[Captain Jack]

Thank you very much CJ for all your time and kind effort in helping us. I am still trying to achieve consistency.

There are a lot of others here who help as well. We learn from our mistakes, that's called experience. You gain experience when you learn from your mistake but we gain additional experience when we learn from others mistakes as well.

That's why it's important to post trades that did not go as planned... otherwise additional trades will not go as planned for the same reasons, and experience is not gained.

We all learn from our shared experience.

-CJ-

[Captain Jack]

I think I am getting the hang of this. Seems to easy ones you get your head around what CJ has been teaching.

It's always been as easy as 1-2-3. Too many people get all caught up in trying to predict where price is going. All they have to so is look where it's at and you will know where it's going next.

-CJ-

[FXe3]

Looks good. Label them how best you can see them, I usually label the level, not at the peak of the retrace, but across where price seems to pause.. in this case, price drops from PH, retraces and forms a level of pause, then drops from that level, retraces and pauses, forming the 2nd level... As long as that is what you see, label it anyway you like.

-CJ-

Thank you, appreciate everything you do here.

[Silweri]

Maby one level up still?

Edit;
Nope... Closed at BE

[santos]

When I first followed CJ to this thread I used to think that the way to trade was just following stop hunting on the lower timeframes and that there was no real long term, how wrong i was. Without knowing the levels its like driving a car without a steering wheel and the bank tricks on the 15M is just important for a decent entry. :hi:

[santos]

Maby one level up still?

Edit;
Nope... Closed at BE

another peak high? pair reset. if tommorow ends lower than the start id say its reversing.