The Captains Chest - Naked Trading & Other Stuff

Casey39 · Post by **Casey39** » Fri Nov 06, 2015 4:50 am

IanN » Thu Nov 05, 2015 8:50 pm wrote:
Casey39 » Thu Nov 05, 2015 7:35 pm wrote: Hi Santos.
Sorry what does mean reset?Couldn't we count as 4 day rise?Sorry just curious I Reading CJ thread only a few days.
Casey,

I think what you have shown in your chart is 3 levels, accumulation and stop hunt. 4H chart seems to confirm and the daily trend is down at the moment.

As always, do your own research - I can't see the second pin of an M yet.

Regards

Ian N.

Thanks Ian,
Could be what you said.What I understand for patern''M'' or''W'' doesnt need to have a pin on LH/HL.This kind of patern use many S/D traders as example and call it Quasimondo(but have little bit difer definition)I don't have clue how to draw levels,what they does mean etc.I only post chart and draw what I see on it and ask what santos actually mean with ''reset''.But I guess I will find answears for all my Questions in thread.
Cheers.

Captain Jack · Post by **Captain Jack** » Fri Nov 06, 2015 4:55 am

Pip_Predator » Fri Nov 06, 2015 12:16 am wrote:Captain,

Have I marked the levels right? What are your thoughts about Euro which was moved lower several days in a row? Is NFP something to stay away from or will Euro move up after a solid stop hunt so that the fox can book a profit? OR ...... will he trap orders to cash it in through gap on Sunday?

Thanks

Reconsider the EURUSD....

EURCAD looks to be proper...

The map that I and others have created for EURUSD show deeply lower prices ahead for a long time to come...NFP could lead to stronger USD which will fit that scenario...

The map I created for EURJPY does not show this deep decline, so it appears that the EUR isn't going to be providing the catalyst for the move, that it should be the USD...

-CJ-

Piter80 · Post by **Piter80** » Fri Nov 06, 2015 5:25 am

Chart_USD_CAD_Hourly_snapshot.png

Piter80 · Post by **Piter80** » Fri Nov 06, 2015 5:34 am

Chart_AUD_CAD_4 Hours_snapshot.png

Piter80 · Post by **Piter80** » Fri Nov 06, 2015 5:49 am

Chart_GBP_CHF_4 Hours_snapshot.png

Chart_AUD_JPY_Daily_snapshot.png

Silweri · Post by **Silweri** » Fri Nov 06, 2015 7:13 am

Piter80 » Fri Nov 06, 2015 7:49 am wrote:

I kindly disagree on GBPCHF...

We might still see upside.

Then again, It can be totally wrong

Silweri · Post by **Silweri** » Fri Nov 06, 2015 7:39 am

I just need to try squeeze the last pips from this uprun

Silweri · Post by **Silweri** » Fri Nov 06, 2015 7:44 am

Can price form levels in rapid succession in news events?

Hopefully ^^

santos · Post by **santos** » Fri Nov 06, 2015 8:09 am

Im trading none US pairs today, not worth the volatility risk.

IanN · Post by **IanN** » Fri Nov 06, 2015 8:28 am

Morning all

USDJPY

20151106 USDJPY-sbH1.png

Happy trading.

Regards

Ian N