The Captains Chest - Naked Trading & Other Stuff

Bippo · Post by **Bippo** » Wed Dec 09, 2015 9:32 am

..and what do you think about this
is it correct to say we are currently in lv 3(rising) for EURAUD ?
and the same question about TP..what do you use for TakeProfit target?

thx for the help

edit= thx for your quick reply,much appreciated

PipTrawler · Post by **PipTrawler** » Wed Dec 09, 2015 9:44 am

sympathy » Wed Dec 09, 2015 8:53 am wrote: 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.

Thanks Very much Sympathy you are a gentleman

Here is my 15 min chart EU now will be looking for clues on this and 5 min chart for entry.

CLUES.png

Tom822 · Post by **Tom822** » Wed Dec 09, 2015 10:00 am

Question to Sympathy - you are really good in recognizing levels so I have question about AUD/USD. I noticed that yesterday AUD/USD reached 3rd level in downtrend. Moreover, yesterday on the end of day on M15 chart there was visible a "W" pattern, so why this pair still is going down ? Any clues ?

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 10:22 am

Tom822

That wasn't 3rd level and there was no W

Tom822 · Post by **Tom822** » Wed Dec 09, 2015 10:35 am

Thx, so which one level is forming now on AUD/USD ? The 2nd level ?

Centrefix · Post by **Centrefix** » Wed Dec 09, 2015 10:43 am

Many thanks InfinateLoop on the GU analysis yesterday. Held on for ride and just closed at 50% up for the week......You and Sympathy rock!

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 10:46 am

Tom822 » Wed Dec 09, 2015 10:35 am wrote:Thx, so which one level is forming now on AUD/USD ? The 2nd level ?

Look I am no expert, so wait for Sympathy to give you advice, but I think this is the state:

yesterday there was a SH of a sort, today will be the bottom for NZDUSD and AUDUSD,
remember there are news comming in the evening/start of the new day

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 10:49 am

Centrefix » Wed Dec 09, 2015 10:43 am wrote:Many thanks InfinateLoop on the GU analysis yesterday. Held on for ride and just closed at 50% up for the week......You and Sympathy rock!

GBPUSD has still a long way to go, and if you took the trade at 1.4956, then that's a great position to be in

PipTrawler · Post by **PipTrawler** » Wed Dec 09, 2015 11:06 am

Hi guys we possibly on level 3 now, pins on 15min chart and maybe we get an M ? I am now looking to short this little pullback.

Could be.png

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 11:20 am

PipTrawler » Wed Dec 09, 2015 11:06 am wrote:Hi guys we possibly on level 3 now, pins on 15min chart and maybe we get an M ? I am now looking to short this little pullback.

EURUSD will change direction, believe it or not this short move up for past 3 days was more acc. of long orders on long term scale, that's the reason why it's so short and slow

SELL EURUSD, if you can get price at 1.0943, or even 1.0917 is still good