The Captains Chest - Naked Trading & Other Stuff

[sympathy]

Its all desame

Hi sympathy,
Just need ask you regarding EYRGBP chart you post Monday, i was looking for short today not long ?Why you count you levels at appear ? I attached chart for what i was think

in EG we are heading to level 3. we have completed level2 retrace so by tomorrow we sell from level3.

[michosz]

My levels on eur/gbp.

[PipTrawler]

Sorry for late reply ok. we just completed level2 on EU so its remaining one mor level up. that is 3pushes up.

Hi Sympathy no problem thanks for replying, it must be a pain answering questions all the time and trying to trade, I do appreciate it.
I have read the whole thread and CJ's posts again but I am still uncertain of the cycle. Will you please confirm if my understanding is correct.

1. CJ says 3 to 5 days of bullish or bearish PA. Each push for that day will produce new level. L1, L2, L3....

2. Am I correct in understanding that within each level there is generally 3 smaller pushes on 15min chart

3. We then wait for Asia to complete and in uptrend look for the new L.O.D to form.

4. Once we have a L.O.D. we are then looking for three pushes on 15min time frame which will culminate
in another larger level being formed.

5 This process repeats for 3 larger levels then looking for reversal signs.

6. We may or may not get stop hunts in between levels.

7. A level is only considered to be a level once there is visible accumulation/ranging ? Or in uptrend is H.O.D
considered the next level ?

8. I am confused as you tend to mark the peak low as level 1 and not the first swing high or H.O.D ?

I have attached an EU 1hr & 15 min Chart to try and explain my questions. I have directed these questions to Sympathy as he has been kind enough to reply but would appreciate the view of any senior FOX Hunters. Thank You.

Hr1 EU LEVELS.png

15 Min Levels.png

[scalpz]

Hi Sympathy no problem thanks for replying, it must be a pain answering questions all the time and trying to trade, I do appreciate it.
I have read the whole thread and CJ's posts again but I am still uncertain of the cycle. Will you please confirm if my understanding is correct.

1. CJ says 3 to 5 days of bullish or bearish PA. Each push for that day will produce new level. L1, L2, L3....

2. Am I correct in understanding that within each level there is generally 3 smaller pushes on 15min chart

3. We then wait for Asia to complete and in uptrend look for the new L.O.D to form.

4. Once we have a L.O.D. we are then looking for three pushes on 15min time frame which will culminate
in another larger level being formed.

5 This process repeats for 3 larger levels then looking for reversal signs.

6. We may or may not get stop hunts in between levels.

7. A level is only considered to be a level once there is visible accumulation/ranging ? Or in uptrend is H.O.D
considered the next level ?

8. I am confused as you tend to mark the peak low as level 1 and not the first swing high or H.O.D ?

I have attached an EU 1hr & 15 min Chart to try and explain my questions. I have directed these questions to Sympathy as he has been kind enough to reply but would appreciate the view of any senior FOX Hunters. Thank You.

nice post PT. I am not a SFH, only a JH. But my answers;
7. Both accumulation or visible HOD/LOD can flag a level.

8. I tend to put lines through accumulation and count, but still imagine Sympathy's 1 below, 2 below, 3 above (got him) when I look at my charts.

cheers scalpz
14:23

[PipTrawler]

nice post PT. I am not a SFH, only a JH. But my answers;
7. Both accumulation or visible HOD/LOD can flag a level.

8. I tend to put lines through accumulation and count, but still imagine Sympathy's 1 below, 2 below, 3 above (got him) when I look at my charts.

cheers scalpz
14:23

JH or not thanks for your input Scalpz. So am I right in that there are generally 3 x 15 min pushes to make 1 daily level ?

[sympathy]

Sorry for late reply ok. we just completed level2 on EU so its remaining one mor level up. that is 3pushes up.

Hi Sympathy no problem thanks for replying, it must be a pain answering questions all the time and trying to trade, I do appreciate it.
I have read the whole thread and CJ's posts again but I am still uncertain of the cycle. Will you please confirm if my understanding is correct.

1. CJ says 3 to 5 days of bullish or bearish PA. Each push for that day will produce new level. L1, L2, L3....

2. Am I correct in understanding that within each level there is generally 3 smaller pushes on 15min chart

3. We then wait for Asia to complete and in uptrend look for the new L.O.D to form.

4. Once we have a L.O.D. we are then looking for three pushes on 15min time frame which will culminate
in another larger level being formed.

5 This process repeats for 3 larger levels then looking for reversal signs.

6. We may or may not get stop hunts in between levels.

7. A level is only considered to be a level once there is visible accumulation/ranging ? Or in uptrend is H.O.D
considered the next level ?

8. I am confused as you tend to mark the peak low as level 1 and not the first swing high or H.O.D ?

I have attached an EU 1hr & 15 min Chart to try and explain my questions. I have directed these questions to Sympathy as he has been kind enough to reply but would appreciate the view of any senior FOX Hunters. Thank You.

Everything you wrote is correct but for EU we are almost in level3 now, so we should be planning for sell soon. there are some pairs that don't range especially in level2 they normally move straight away and you don't need to trade them. trade the top/low for good entries. 3pushes makes one level in 1hr/15mins time frame ok.

[Bippo]

Hello

I'm a newbie here in this thread
please a question for more experienced Traders

what do u think about my entry,trading the "W" to the upside?
I know maybe I'm a little late,but what could it be your next target?
TP at horizontal yellow line ?

thx

[sympathy]

This pair moves with EU so here are the levels

[sympathy]

Hello

I'm a newbie here in this thread
please a question for more experienced Traders

what do u think about my entry,trading the "W" to the upside?
I know maybe I'm a little late,but what could it be your next target?
TP at horizontal yellow line ?

thx

I Didnt take that trade because i was late like yours but its a nice trade. the yellow line above is your target so weldone

[sympathy]

ACAD DAILY