The Captains Chest - Naked Trading & Other Stuff

[InfiniteLoop]

AUDUSD and NZDUSD

they should move down even further, that wasn't a bottom

EDIT

there will probably be a bounce/retrace on USDCAD at 1.3549 before it moves down again

[PipTrawler]

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

Thanks Infinite I am already in buddy. Taken half position for 10 and covered other half. If get stopped will get back in higher. I agree with your view about accumulation and that's what I was trying to point out in my second post here, my target may be bit wild but just what I see happening but really like this concept of cycles within cycles and fractal nature of looking at things. And of course I am seriously trying to figure out your approach to recognising accumulation of specific order types be it longs or shorts. Cheers

Half Pos.png

[sukui]

Sympathy

How do you count the levels on a chart like this ?

Thx

Peter

[Tom822]

I think that AUD/USD reached 3rd level today and now there is forming "W". If this "W" will be formed successfully then trend will go up.

[sukui]

I think that AUD/USD reached 3rd level today and now there is forming "W". If this "W" will be formed successfully then trend will go up.

Thanks, that's what I saw as well, but InfineLoop - whose posts I like very much - wrote that it could go further to the downside. I'm a little bit confused.

[InfiniteLoop]

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

Thanks Infinite I am already in buddy. Taken half position for 10 and covered other half. If get stopped will get back in higher. I agree with your view about accumulation and that's what I was trying to point out in my second post here, my target may be bit wild but just what I see happening but really like this concept of cycles within cycles and fractal nature of looking at things. And of course I am seriously trying to figure out your approach to recognising accumulation of specific order types be it longs or shorts. Cheers

I can't tell you how to recognize type of acc. just from price, but it's easy to recognize acc., just look at the amount of bearish bars in uptrend on EURUSD, how many times there was a switch from bear-bull-bear,...

[InfiniteLoop]

AUDUSD and NZDUSD aren't set for a move, not even a short one

[Tom822]

InfineLoop has right - it also can go down, it's forex and that what we are doing here is speculation...of course, we all trying to increase our chances and take more good than bad decisions. Generally, today is a mid-week and this also increase the chance that AUD/USD will go up but only if this "W" will be formed.

[InfiniteLoop]

InfineLoop has right - it also can go down, it's forex and that what we are doing here is speculation...of course, we all trying to increase our chances and take more good than bad decisions. Generally, today is a mid-week and this also increase the chance that AUD/USD will go up but only if this "W" will be formed.

I don't speculate, I interprete the current state of market position, interpretation can be wrong or right, but it's not a speculation

speculation implies that decision is not based on knowledge or facts

W might form, but only if they acc. enough orders on the leg down, which I doubt will be enough

[Bippo]

still in the learning process here

CADJPY H1 entry long
any comment from expert hunters is truly appreciated

thx