The Captains Chest - Naked Trading & Other Stuff

[Wisznu]

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.

If you think, that after 3 weeks of hard learning, you're gonna learn all this stuff, YOU'RE WRONG!
This is not a method or system.There's nothing that happens everytime.

I've got a question to all you guys selling A/U. WHAT IS THE REASON TO DO IT right now? Seriosly.

[Captain Jack]

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 ?

So you think in 3 weeks you are a pro at this? It took me hundreds if not thousands of hours looking at charts to do this.... those looking for those quick riches should look elsewhere...

And you sum up everything by saying it moves up for 3 days and it moves down for 3 days.... those are your words, not mine. I have explained it in detail and that is what you are missing...all those details within the thread... you and your money will soon be parted my friend.

I'm not going to go over all this stuff yet again for those who lack the patience and do not put forth the effort to study this thread... but I have stated that the price cycles occurs over a 3-5 day period on the 15M time frame.... and many more days on the higher one...wtf is so hard about that??

I would suggest you look else where for whatever it is that you are not finding here. if it does not work for you, then move along.

-CJ-

[Captain Jack]

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.

Where's the peak low? Where's the peak high? Where are you in the cycle??? That chart shows nothing that I've talked about in this thread????

-CJ-

[Captain Jack]

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.

Why are you taking a buy at the top of the cycle? Why are you not paying attention to the "RRT's and pin directions? Why are you not looking for and trading only from the "M" and "W"'s that indicate the 3rd levels? Why are you not looking at the time periods above and below the time period you are trading?? Why are these trades still open when price has moved far away from you?? WHY? WHY? WHY? I can go on and on but all this stuff has been covered, as well as much more, in this thread and these are the details you fail to see. You fail to see it because to you, you believe price moves up for 3 days and then down for 3 days.... these are your beliefs, not my teachings.

This is why these methods don't work for you. Until you can read a chart correctly, you should stop trading or spend your money on something before you lose it. The FOX loves traders like you....

-CJ-

[Silweri]

Hopefully I'm starting to catch the grip here.

I'm still going through thread and much to read still.
Some higlights here;

[Silweri]

And seeing it on charts;

[Silweri]

Also here;

[Silweri]

And Captain, you said earlier to me that these three levels of yours are referring to same thing as "elliott waves".

So applying elliott wave basics should bring more confidence about how many levels or how far they should go.
For example "wave 4 cannot overlap with wave 2"
Maby applies on EURUSD here;

[Silweri]

And forgive me for using many posts for this one thing I wanted to talk about. It's just that iPhone only allows one attachment to be posted per post

[Zaleske]

Thank you Captain, I'm glad I seem to be correct on AU cycle

As for Eliott Waves, be careful Silweri. It's one of those theories that's been out there for so long that it's more likely to be used against us.