The Captains Chest - Naked Trading & Other Stuff

Post by **scalpz** » Wed Nov 11, 2015 1:47 am

Captain Jack » Mon Nov 09, 2015 6:11 pm wrote:GBPJPY is getting ready to release from the topping structure it's making... a story on this later, busy right now....

Target is the 185.20 area or there about....

-CJ-

Hi CJ. 1st off, thanks so much for what you continue to show here, its all very impressive and enlightening.

Do you have time now for your "story" on the GBPJPY release from topping structure. Looks like GJ is still holding that 186+ price area.

Around the 185.20 area, would you be looking to buy from a level 3 & PL or would you be counting that as level 1 & price going down further.

All the best to you & yours
cheers scalpz

fetch · Post by **fetch** » Wed Nov 11, 2015 2:44 am

Jemook » Wed Nov 11, 2015 10:35 am wrote:
Hopefully one of you geniouses can let me know if I'm on the right track.

Cheers Jem

Only because you called me a genius, lol.

IMHO when the pa is spread out like that it can be easier to view on a higher t/f. In this case the H1 but I'm posting an M30 as with my ability I missed the s/h on the H1, but picked it up on the M30.

So I have the Aud/Usd at level 3 @ 6th Nov, with price fannying about since then.

AUDUSDM30.png

Notice it has just formed a nice "W" on H1. Have been hoping sympathy might explain how to read the cluster of the past 3 days.

fetch · Post by **fetch** » Wed Nov 11, 2015 3:07 am

Also - since CJ's earlier posts I have been paying much more attention to stop hunts (something I had never done before). However with my limited experience I need price bars to see these and need to check different time frames.

For example, if you change your A/U M15 chart to candlesticks, you will see very clearly the s/h I have circled on my M30 chart on 6/11, hence level 3. Notwithstanding sympathy is always telling us not to use M15 for level counts, he/she posts M15 to show the trades out of the tight ranges.

Unfortunately I need a few more hints - if you are reading this sympathy!

Post by **Jemook** » Wed Nov 11, 2015 5:56 am

Hey fetch

Thanks heaps for the response. I'm still not sure, on the H1 I see the stop hunt between level 2 and level 3 forming right now:

2015-11-11_1653.png

Who knows, maybe the fox has me trapped

Post by **sympathy** » Wed Nov 11, 2015 6:35 am

Jemook » Wed Nov 11, 2015 6:56 am wrote:Hey fetch

Thanks heaps for the response. I'm still not sure, on the H1 I see the stop hunt between level 2 and level 3 forming right now:

Who knows, maybe the fox has me trapped

I have marked it for you

Post by **babalu4u** » Wed Nov 11, 2015 7:49 am

AUDNZD H1

Post by **babalu4u** » Wed Nov 11, 2015 7:55 am

GBPCAD H1

Post by **babalu4u** » Wed Nov 11, 2015 8:05 am

GBPUSD H1

LoneWolf · Post by **LoneWolf** » Wed Nov 11, 2015 8:15 am

Anyone else find this strange?

1.jpg

2.jpg

Jurij · Post by **Jurij** » Wed Nov 11, 2015 8:38 am

LoneWolf » Wed Nov 11, 2015 9:15 am wrote:Anyone else find this strange?

Nothing strange!
You have a good eye

eu 1m 15m map.png