The Captains Chest - Naked Trading & Other Stuff

[sympathy]

Hi sympathy, i have a question. Sorry but i try to understand how do you count the level.
EJ: you count as level 1 the peak high, so we have 2 drop to level 3.
GU: you count level 1 after the first drop (i see a peak high at left) so we have a toral of 3 drop to level 3.
So if you have count in the same way of EJ this is a 4 level down.
Can you explain please?
Do you count the level only on the 4h, it's only a your preference?
Thank again,
Marco.

Hi bro, i count my levels from all time frames but it is easier from 1hour time frame.
EJ is already in level3 sometimes they add one more level down after level3 ok. the swings must be in 3faces to complet level3. 3swings...is desame as 3levels in 4hr. hope it helps.

[sukui]

Hi Sympathy,

Thanks for your answer and I also wanted to ask what marcoff asked from you.
But again, as Marcoff already asked. Could you explain why you started the level count at EJ from the peak (so the peak is level 1) and in case of GU level 1 is only after a drop, so the peak is "level 0". And the timeframes are the same. So in case of EJ there wasn't any drop and it was labeled as level 1, but at GU there was a drop and only after it was it labeled as level 1.

Thanks for your answer

Peter

Hi sympathy, i have a question. Sorry but i try to understand how do you count the level.
EJ: you count as level 1 the peak high, so we have 2 drop to level 3.
GU: you count level 1 after the first drop (i see a peak high at left) so we have a toral of 3 drop to level 3.
So if you have count in the same way of EJ this is a 4 level down.
Can you explain please?
Do you count the level only on the 4h, it's only a your preference?
Thank again,
Marco.

Hi bro, i count my levels from all time frames but it is easier from 1hour time frame.
EJ is already in level3 sometimes they add one more level down after level3 ok. the swings must be in 3faces to complet level3. 3swings...is desame as 3levels in 4hr. hope it helps.

[sympathy]

Hi Sympathy,

Thanks for your answer and I also wanted to ask what marcoff asked from you.
But again, as Marcoff already asked. Could you explain why you started the level count at EJ from the peak (so the peak is level 1) and in case of GU level 1 is only after a drop, so the peak is "level 0". And the timeframes are the same. So in case of EJ there wasn't any drop and it was labeled as level 1, but at GU there was a drop and only after it was it labeled as level 1.

Thanks for your answer

Peter

Hahahaha that is why we need more practice with this level stuffs. Mr fox can not and ever make all pairs look the same ok, they hide many things from us that is why they change levels count from 3 to 4 and 5 but they are always the same. Ej is not GU, different pairs with different pattern of levels so you have to understant how they work. Sometimes its hard for me to count them at times but i normally know where they ends.EJ level 1 did not drop to your eyes but to me it drops that was why i marked it with an arrow ok.just try and practice more on levels counting because that is the gold in this strategy. Please ask any question and i will reply as soon as i see them thanks.

[GoldenFinger]

Hi sympathy, it is truly fortunate for us to have u here teaching us, hope u don't mind a few of my question, it will really benefit all of us who is still learning master cj wisdom

1) from the example of your chart, its seem like almost every trade u take is immediately going to take off, how exactly do u pick your timing to make sure that the trade will take off instead of reverse and consolidating again?

2) i saw a lot of your trade is also taken on support and resistance plus cj method, what if after u placed your trade, it goes back to consolidation, since i heard before u don't use stop loss, how much do u allow your trade reverse against u? how do u know your trade is wrong?

3) Do u stack your position? how do u handle when the trend pause and consolidate after u opened the stacked position, do u close immediately as it might reverse against u ?

Thx master sympathy

[fahedksa]

Hi sympathy,
I want your help regarding support /resistance lines:
Do you mark Daily S/R only or also mark 4H S/R?
Do you use Fibonacci levels?
Do you Pivot S/R?

Thank you again

[sympathy]

Hi sympathy, it is truly fortunate for us to have u here teaching us, hope u don't mind a few of my question, it will really benefit all of us who is still learning master cj wisdom

1) from the example of your chart, its seem like almost every trade u take is immediately going to take off, how exactly do u pick your timing to make sure that the trade will take off instead of reverse and consolidating again?

2) i saw a lot of your trade is also taken on support and resistance plus cj method, what if after u placed your trade, it goes back to consolidation, since i heard before u don't use stop loss, how much do u allow your trade reverse against u? how do u know your trade is wrong?

3) Do u stack your position? how do u handle when the trend pause and consolidate after u opened the stacked position, do u close immediately as it might reverse against u ?

Thx master sympathy

1] The pattern repeats itself,They always follow the same level and the same point of reversal so i wait for them at that same level.
2] The thing is that am always with my system. Anytime price is going against me i close them all as CAPTAIN always say......take what is given. Sometimes i loose because of wrong calculations ie. level counting.
3] As you can see on my charts the highest i can go for now is 10 entries. Am trying to increase my lots size so that i can reduce my entries to 2 or 3. When i place my trades i already know the direction of price so if it start consolidating, i will not touch the trade because i know it will continue in my direction but if not, i close them all. thanks. finally, level1 and level 3 is the best place to take trades ok.

[sympathy]

Hi sympathy,
I want your help regarding support /resistance lines:
Do you mark Daily S/R only or also mark 4H S/R?
Do you use Fibonacci levels?
Do you Pivot S/R?

Thank you again

First of all i draw them from weekly then move down to daily. you have to identify your weekly circle and trade away from the support/resistance levels thanks.

[sympathy]

GCAD

[sympathy]

I just took this one now...lets see how it goes

[forex23]

Hey Sympathy thanks for all your help here

Could You tell me what are your top 5 favorite pairs to trade?