The Captains Chest - Naked Trading & Other Stuff

[xrismak]

Soft Skills will always outlast brashness, consistency will always outclass flashes of brilliance,
the Best is Yet to Come.....

El Capitaine CJ,

Next Year, Trading ETF's and Currency Futures is looking more like A Plan, Now that I have a Grasp of what needs to be to known to an Extent trading FX.....

Proved my Point 2 Myself (A).jpg

Proved D Point 2 Myself (B).jpg

I had a Good Run Trading this Year in Spite of the Tiny Lot Sizes, and I Learn't a Great Deal more than many many MONTHS back, Next Year will be Even Greater....


Have Yourselves a Happy Festive Season and May the Pips be with Y'all Next Year....

Xrismak..

[MosDef]

Sympathy or Captain or anyone who's fully understood this concept , please kindly correct me if I'm wrong... The count should start immediately after the M or W, we count from the first push out of the M or W.... Correct?




Is the above correct?

Yes bro you are correct

Thank you, thank you, thank you!

:hi:

[marcoFF]

i count my levels from daily/ 1 hr time frames then i check for pattern in 15mins before entry ok. i will try and show you some entries next week.

Much appreciated, thank you :hi:

[sukui]

Hi Sympathy or Captain or Anybody

I've got problems whith level count. What do you think about my posted chart. Which is the correct level count. It's a daily chart.

1. magenta lines, so we are currently climbing to level 3

or


2. blue lines, so we are currently climbing to level 2

or

3. this whole are (light blue rectangle) is merely a consolidation zone

And why??

Thanks

Peter

[Zoltr1x]

Hi Sympathy or Captain or Anybody
I've got problems whith level count. What do you think about my posted chart. Which is the correct level count. It's a daily chart.
1. magenta lines, so we are currently climbing to level 3
or
2. blue lines, so we are currently climbing to level 2
or
3. this whole are (light blue rectangle) is merely a consolidation zone
And why??
Thanks
Peter

I always look at h1 and h4, for this daily chart I used the same rules as always.
So Sir I think it should looks like this, so your magenta lines are fairly ok and we are currently climbing to level 3 :hi:

But price still could go a lower before it create a level 3.

[Tom822]

Sympathy - can you tell me which broker do you recommend or even better which broker do you use ? I am just looking for a good one. If you do not want to put such information on public then please just let me know on PM. I ask because I see that you are making trades on nice amounts of money so you for sure have a good broker if you don't have any problem with your transactions.

[sukui]

I always look at h1 and h4, for this daily chart I used the same rules as always.
So Sir I think it should looks like this, so your magenta lines are fairly ok and we are currently climbing to level 3 :hi:

But price still could go a lower before it create a level 3.

Thx Zoltr1x

My problem is where the levelcount to begin. The first ride doesn't begin at the same point on my chart and on yours. For me it it is a problem to detect the end of a rise or a fall. Where is a new a kevel.

[MosDef]

Guys, try and understand that there are levels in levels.

The market is fractal based and so in every cycle there will be cycles within. If you can't identify its beginning, what you can do is stick to specific timeframes for a start (to avoid analysis paralysis) and then finding the W or M before working your way from there depending on price action.

Still learning myself but hope it helps..

Regards

[upandown]

GCAD

Hello my 1st post here , I was reading CJ`s posts at FF and naturally migrated here .. Great stuff :hi:

to meet someone whos see`s the market in this light ....

Then coming over here to see so many traders doing so well , ,i`ve been reading all weekend and have been analyzing some trades , i`m interested in this trade particularly by sympathy ,

I think this is the reason you went short , am I close , L3 :

Thanks everyone for the great thread

Screenshot (292).png

I just noticed something weird , like CJ was saying the patterns repeat from tic right up to weekly / monthly

The patterns in red are the same with the same gap and everything ??

Patterns Repeat.png

[upandown]

The only sense I can see is this , but I can`t understand level 1 at the bottom

Screenshot (293).png