The Captains Chest - Naked Trading & Other Stuff

[caveywoolpert]

here is one of foxxy's patterns - pins between second and third levels:

[ChristianK]

Posting my EU

Hi Sympathy,
Could you pls let me know that do you expect eurusd will go down to level 3 after this spike up? Because so far there are 2 levels down. May be (very likely) my leveling is wrong ?
Thanks for the help.
Chris

EU has completed its levels ok. they even dropped one leg down because the last low didn't hold price. Am expecting price to form double bottom and holds then push upward. we are already in level3.

Sorry if sounds vry basic. This is exactly where i confuse. In this case, M15 chart giving lvl 2 down over 2 days and still can go down, while H1 chart shows we are already in level 3 down. So which one to follow?

With the current eurusd chart, the price moving wide, so may be it is indeed the behaviour before reversal as you said.

I will start to re-read from begining.

Thanks you for help.

[Jurij]

Time to buy S&P soon.
All markets are rigged.

(idea source)

SP500 update:
and the price rallied back up but
according to map a rotation lower on S&P 500 is possible

sp500 2011 2015 d1 2.png

update on USDJPY map:
based on the 15m chart the next step on 4H could be


not that great, the pattern is distorted but there, very difficult trading on such as small TF

update UJ map: FOMC gave a bit of SH but now 4H is going down but then expect up move beyond latest highs (of course as long as price follows the rhythm, which with each swing point decreses in probability).

uj 4h 15m map4.png

[sukui]

Hi Symphaty

I like your charts very much. But could you attach some explanation to them? E.g. I don't see why you went long on this pair (GU). thanks

Peter

GU

[sympathy]

Posting my EU

Hi Sympathy,
Could you pls let me know that do you expect eurusd will go down to level 3 after this spike up? Because so far there are 2 levels down. May be (very likely) my leveling is wrong ?
Thanks for the help.
Chris

EU has completed its levels ok. they even dropped one leg down because the last low didn't hold price. Am expecting price to form double bottom and holds then push upward. we are already in level3.

Sorry if sounds vry basic. This is exactly where i confuse. In this case, M15 chart giving lvl 2 down over 2 days and still can go down, while H1 chart shows we are already in level 3 down. So which one to follow?

With the current eurusd chart, the price moving wide, so may be it is indeed the behaviour before reversal as you said.

I will start to re-read from begining.

Thanks you for help.

Some pairs are in level 3 now, even EU is in level3 but you have to understand price action that if the road is not clear price will consolidate. As you can see price has been moving up and down so we have to look for a clear signal.I already know EU will consolidate because we have too much levels/Accumulations ahead.

[sympathy]

Hi Symphaty

I like your charts very much. But could you attach some explanation to them? E.g. I don't see why you went long on this pair (GU). thanks

Peter

GU

[sympathy]

Levels...... after level3 they dropped one more legdown and rally

[sympathy]

Ready for this? lets see if it works

[ZumZum]

Hey guys, was busy this week so couldn't trade.
Here's my attempt today:

EURNZDM15.png

[ZumZum]

Ready for this? lets see if it works

Took this setup earlier today, but already out with small profit.