The Captains Chest - Naked Trading & Other Stuff

[LoneWolf]

NZDUSD ?

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[Wisznu]

i expect au to be bearish, something as fox drew in the left box: on monday some uplift and back to the bottom

The same pattern, different story

[LoneWolf]

i expect au to be bearish, something as fox drew in the left box: on monday some uplift and back to the bottom

The same pattern, different story

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[LoneWolf]

still using indicators?

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[Tom822]

Thanks LoneWolf. So I have questions to you guys - if someone on this forum can confirm that started use CJ method and his account is above $0 ? I mean by that - didsomeone earned money and do not loss them in next days ? I do not want to be rude but I do not want to waste my time on a method that brings losses and to be honest, I think that many other users do not want too.

I loved CJ method and I learned this method for three weeks spending on it around 13 hours per day. I was sure around 3 times that I got it, but then suddenly it turns out that either I know nothing about this method or simply I am an idiot who can not learn it.

Generally, CJ wrote that whole market move up through 3 days and then the same market move down through the next 3 days. He also wrote that we should looking for this cycle on H1 chart, and I read that we can trade on M15 chart but never against the higher timeframe move which we find on H1 chart (it's mean, never against this 3 days cycle). It's great but today's example on AUD/USD pair showed that the 3 days cycle on H1 doesn't exist. The same situation we have on these pairs: EUR/GBP, EUR/CAD, USD/CAD (ok, I know the 3rd level could not stand on the USD/CAD and that's what happened).

But everything tends to that this method is simply not working. And on the higher timeframes we only risk a greater loss than on M15 chart.

[caveywoolpert]

Thanks LoneWolf. So I have questions to you guys - if someone on this forum can confirm that started use CJ method and his account is above $0 ? I mean by that - didsomeone earned money and do not loss them in next days ? I do not want to be rude but I do not want to waste my time on a method that brings losses and to be honest, I think that many other users do not want too.

I loved CJ method and I learned this method for three weeks spending on it around 13 hours per day. I was sure around 3 times that I got it, but then suddenly it turns out that either I know nothing about this method or simply I am an idiot who can not learn it.

Generally, CJ wrote that whole market move up through 3 days and then the same market move down through the next 3 days. He also wrote that we should looking for this cycle on H1 chart, and I read that we can trade on M15 chart but never against the higher timeframe move which we find on H1 chart (it's mean, never against this 3 days cycle). It's great but today's example on AUD/USD pair showed that the 3 days cycle on H1 doesn't exist. The same situation we have on these pairs: EUR/GBP, EUR/CAD, USD/CAD (ok, I know the 3rd level could not stand on the USD/CAD and that's what happened).

But everything tends to that this method is simply not working. And on the higher timeframes we only risk a greater loss than on M15 chart.

This method works, but it isnt that easy: 3 days down, 3 days up. Levels are mostly subjective, sometimes they are cristal clear like steps 123, sometimes they are confused. Have a look at eu, level one, 500 pips compressed in one day, then three pushes down in two days, next three days up, that's level two, one day retrace, now it's on level three. There are no strict rules to identify them and you wont learn them in three weeks.
Why should AU go up? Your analisys is wrong, not levels. Why are u buying it, there is no signal to buy. People reread the thread many many times, each time picking up new stuff, and u just write that the whole market is about 3 days up and three days down

There is no method that make u profitable in a month, only pain, losses, busted accounts, much work and maybe u' ll get there.

[Zaleske]

Ok, I post a chart in which way I saw this AUD/USD pair on a H1 chart.

In my very humble opinion, we are in a L1 down if you zoom out a bit.

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[Tom822]

Thanks LoneWolf. So I have questions to you guys - if someone on this forum can confirm that started use CJ method and his account is above $0 ? I mean by that - didsomeone earned money and do not loss them in next days ? I do not want to be rude but I do not want to waste my time on a method that brings losses and to be honest, I think that many other users do not want too.

I loved CJ method and I learned this method for three weeks spending on it around 13 hours per day. I was sure around 3 times that I got it, but then suddenly it turns out that either I know nothing about this method or simply I am an idiot who can not learn it.

Generally, CJ wrote that whole market move up through 3 days and then the same market move down through the next 3 days. He also wrote that we should looking for this cycle on H1 chart, and I read that we can trade on M15 chart but never against the higher timeframe move which we find on H1 chart (it's mean, never against this 3 days cycle). It's great but today's example on AUD/USD pair showed that the 3 days cycle on H1 doesn't exist. The same situation we have on these pairs: EUR/GBP, EUR/CAD, USD/CAD (ok, I know the 3rd level could not stand on the USD/CAD and that's what happened).

But everything tends to that this method is simply not working. And on the higher timeframes we only risk a greater loss than on M15 chart.

This method works, but it isnt that easy: 3 days down, 3 days up. Levels are mostly subjective, sometimes they are cristal clear like steps 123, sometimes they are confused. Have a look at eu, level one, 500 pips compressed in one day, then three pushes down in two days, next three days up, that's level two, one day retrace, now it's on level three. There are no strict rules to identify them and you wont learn them in three weeks.
Why should AU go up? Your analisys is wrong, not levels. Why are u buying it, there is no signal to buy. People reread the thread many many times, each time picking up new stuff, and u just write that the whole market is about 3 days up and three days down

There is no method that make u profitable in a month, only pain, losses, busted accounts, much work and maybe u' ll get there.

Yes because as CJ said, everything referring this bloody 3 days cycle. If you do not believe me check my screenshot with quote from CJ.

And now a puzzle - if foxes are most active during the 1st and 3rd legs ...how to explain what happened on EUR/GBP pair where the 2nd leg looks like there shall be active fox.

The more I read it then I find more and more pointless things. Nothing fits, everything is contradictory. Theory is really beauty and clear but in practice all this stuff DOES NOT WORK.

Oh, and now these levels marked by me are fine because the same levels marked Sympathy. So why this pattern shows that the fox has been active not on 1st or 3rd push but on the 2nd ?

[Zaleske]

No one can teach you patience and experience. You coming here and claim after a measly 3 weeks effort that "this stuff does not work" is nothing short of laughable. Do yourself a favor and stop trying to make hard rules fit where there are none. Look around you. The only rule in forex is is the rule of "the fox": how do I steal the maximum amount, while keeping things running so that I can keep on doing it and not destroy the world economy. What's being taught here are guidelines, to help us see and think for ourselves.

How could the fox profit from us if everything was so plain as 3 moves up/3 moves down? You don't make any sense. Please take your time and reread cavey's reply to you. We don't need that attitude here.

[hannele]

If these 3 days cycle exist for real then how to explain this situation which can be observed on AUD/USD 1H chart ? It looks like there is no exist ANY days cycle.

what's wrong with AU? we got 3 levels done last week, peak formation high last friday, accumulation, monday-tuesday-wednesday: levels 1-2-3 on 1h, and level 1 on 4h, wednesday abc formation after three levels, midweek reversal, then again accumulation and level 2 started on 4h.

Tom, post a chart a mark AU how u see it

Ok, I post a chart in which way I saw this AUD/USD pair on a H1 chart.

Tom 822,

I have been trying to get chart reading correct (CJ's way) but no, Im too blonde for that, so I have devised ways that help me see. Even symphaty uses different tools to "see", evidently (from the charts).
So try and find your own tools that makes sense just for you to "see" more clearly. As CJ said, find you own methodology within the guidelines that he mapped out - none of us can emulate his way exactly.
I have attached some of the ways that help me "see". Looks messy for no indy traders, but works for me.
Good luck on your journey, I wish you well.
hannele