The Captains Chest - Naked Trading & Other Stuff

[eaymon]

M formed, accumulation coming to an end (i noticed a little 'pop' up before it goes down).

NZDUSD

Screen Shot 2016-02-09 at 8.06.39 PM.png

[desibaba]

Hey bro,

Sympathy was saying this,

when you measure your levels (1 2 3). Take the trade when level 3 is completing .

And if you miss the level 3 entry, then get in on the level 1 finishing so you have a chance at the level 2 and 3 waves that will form.

Correct me if what I said is wrong Sympathy

Sympathy;
Excuse me for asking, but why are you opening new account from time to time with different broker? Are you not trusting the old ones?

Also, could you please describe/show the proccess how you draw the levels you expect the three pushes/levels to end?

And I have read everything in this thread over and over about daily stop hunts after daily low/high but still just don't get it. Could you show examples when they are happening? I can see those after they have happened, but then it's already too late...

Sorry for late reply bro. I have been using only two accounts since i started forex business, I only wanted to build one for my friend and some guys i trade for ok.
The best way to trade this method is trading away from level3 and level 1. once you know how to count levels you will understand the way it works.

hey,
I didn't quite understand the wording of "trading away from level3 and level 1" ?

Could you elaborate?

[eaymon]

Hey bro,

Sympathy was saying this,

when you measure your levels (1 2 3). Take the trade when level 3 is completing .

And if you miss the level 3 entry, then get in on the level 1 finishing so you have a chance at the level 2 and 3 waves that will form.

Correct me if what I said is wrong Sympathy

ah ok.

I'm too much of a chicken to wait past a level

ex:

Screen Shot 2016-02-09 at 9.20.09 PM.png

[desibaba]

I had similar exits

It will come to us with experience

Hey bro,

Sympathy was saying this,

when you measure your levels (1 2 3). Take the trade when level 3 is completing .

And if you miss the level 3 entry, then get in on the level 1 finishing so you have a chance at the level 2 and 3 waves that will form.

Correct me if what I said is wrong Sympathy

ah ok.

I'm too much of a chicken to wait past a level

ex:

[desibaba]

Giving NZDCAD M15 a go.

[eaymon]

GBPJPY - has started its level...

i got in too early(after stop hunt), lost a little then i saw the strong reversal pattern

Screen Shot 2016-02-09 at 11.23.35 PM.png

[desibaba]

Got stopped out of this one. Lesson learned...

Going to be patient finding my next trade. The gains at the start of the week got my confidence too high which has resulted in me entering two bad trades back to back.

Giving NZDCAD M15 a go.

[Forexfux]

Now that I think about it his scout and money management could be the way he enters when the 3 level is finish.

This is how I think he might do it.

He enters his scout when he believes level 3 is finish.

If it goes up forming level 1 up he probably adds more for the 2 leg up and the same goes for the 3 leg up.

or

He enters his scout when he believes level 3 is finish.

If it continues to go down he looks for any signs that is just a extend leg down or a stop hunt.

If he believe it will go up then he will add to his position to average down and if he doesn't he gets out and he only looses a scout.

What do you think?

Hello forex23,
honestly I can't give any comment regarding your post. Like I said I have read only a few posts by FTI und my knowledge about his teaching is too rudimentary. What I read was really interessting but I haven't the time to study the whole thread. Have you read it from the beginning? I mean it's a really huge thread.

Greetings

ForexFux

[mtl]

Sympathy,

Do you now have any new transactions? : :

hmm, I do not see anything currently

[szfxtrader]

GJ is preparing a new drop.