The Captains Chest - Naked Trading & Other Stuff

Wisznu · Post by **Wisznu** » Thu Dec 10, 2015 3:51 pm

InfiniteLoop, what do you think about N/U right now? To me it seems like they are still accumulating buy orders short term. Do you think it's gonna break higher?
I'm selling it right now, tp at 0.6727

InfiniteLoop · Post by **InfiniteLoop** » Thu Dec 10, 2015 4:04 pm

Wisznu » Thu Dec 10, 2015 3:51 pm wrote:InfiniteLoop, what do you think about N/U right now? To me it seems like they are still accumulating buy orders short term. Do you think it's gonna break higher?
I'm selling it right now, tp at 0.6727

NZDUSD will go down, but don't risk it, the situation is "complex"

take profit and learn for free

InfiniteLoop · Post by **InfiniteLoop** » Thu Dec 10, 2015 4:14 pm

so it looks like tomorrow it's gonna be quite a day, they are messing with people all day

InfiniteLoop · Post by **InfiniteLoop** » Thu Dec 10, 2015 4:22 pm

those who trade CJ method

- you might have a W on M15 USDJPY, check it out for yourself

Bippo · Post by **Bippo** » Thu Dec 10, 2015 5:10 pm

Hello

this seems to be an interesting chart,CADJPY
the same for GBPCAD,not posted

sponn · Post by **sponn** » Thu Dec 10, 2015 5:10 pm

InfiniteLoop » Thu Dec 10, 2015 6:22 pm wrote:those who trade CJ method

- you might have a W on M15 USDJPY, check it out for yourself

The man problem with a setup like this is that we are on level 1 on H4 drop. So i could be a long way to go down before us. Of course it cound work for a cuople of hours but I wouldn't touch longs on this pair now.

sponn · Post by **sponn** » Thu Dec 10, 2015 5:13 pm

Bippo » Thu Dec 10, 2015 7:10 pm wrote:Hello

this seems to be an interesting chart,CADJPY
the same for GBPCAD,not posted

It could go down a little further to collect a lot of shorts below 88.880

Tom822 · Post by **Tom822** » Thu Dec 10, 2015 5:57 pm

caveywoolpert » Thu Dec 10, 2015 2:27 pm wrote:
Tom822 » Thu Dec 10, 2015 2:11 pm wrote:Ok, I think I got it and now I see

I think that all my mistakes were caused by the fact that I devoted too much attention to analyzing M15 charts.

But I have questions to you guys - do you trade also on M15 (for example, against the trend which you locate on higher time frames) ? It's interesting for me because I read this thread and I read CJ posts and he never explain how to do it on M15 but from other side he did that.

If I understand that in right way, I should find asian range first which should have around 40 pips. Ok. Next I should find expand of this range and 25-50 pips move above or below of this range. Next I should find an pattern like M, W, pins, RRT and trade it.

Ok, so today I find something like that on EUR/GBP, the move started at midday London time zone. If I am correct here it is nice pullback or Stop hunt but it goes up, so against the main trend, i.e. downtrend, but there was a really nice W + pins. If you catched this then you could earned around 45 pips.

Now the question is if you trade also in this way or you never go against the higher trend ?

I would just like to know if this is a way for M15 about that CJ wrote. I also know that he trade sometimes from pins to pins on M15 but I am too weak for something like that.

Oh, and I know that the M15 should be use to the perfect entries and exits but I am not talking about it now.

that's what Cj was writing about, get rid of tunnel vision, try to see a bigger picture. as for me i'm using m15 only for entries.

you are not right about eur/gbp, cause it made 3 levels already. look at GBP/USD, here was a setup you are talking about: narrow asian range, fake outs to trap break out traders up and down, then three fat m15 candles down looking like it was true downtrend and revrsal to the top

u need to look at higher TF's to know where u are at weekly cycle, without it all M's and W's are crap.

In my humble opinion EUR/GBP in short term will go down. You can see now on M15 chart something like a "W" initiated, however it's still Stop hunt. They plan a one more big move down and it will be 3rd leg.
Maybe they complete this "W" before of that to trap more long but I am not sure of that. But in a few hours the move should go down, even if it will not happen today they will do that tomorrow, right after Asian range.

But this is just my analysis, so do not bet house on this.

EDIT: Sorry, I almost forgot. We do not count SH as a level, so probably we will get even 2 more down moves on this pair.

Post by **sympathy** » Thu Dec 10, 2015 7:12 pm

This is how level3 fails.

Silweri · Post by **Silweri** » Thu Dec 10, 2015 7:51 pm

I have one question for you Sympathy, if you may...

You said earlier that you have good knowledge about where to expect levels to form. How do you determine these levels? Are you using adr times three as Jack has told from peak high/low to estimate next level to form?

Thanks