The Captains Chest - Naked Trading & Other Stuff

[Forexfux]

how long have you traded this account and what was the starting balance?

It was a nearly a month since my first trade. Unfortunately I had sporadic time to trade so that I often could only take 1 set up a day. .

[forex23]

Hey I hope someone can answer this for me.

For every 3 days up does there have to be 3 days down? Or can It go 3 days up then have a 3 level down and continue 3 days up again?

Also is the weekly cycle 3 weeks up or down or something else?

I am just trying to make sure I understand that Correctly.

[waza]

forex23 yes it's all depends which way the fox wants to move the market, remember it's not always exactly 3 days sometimes it can be more or less, that's why the Captain always say's look at all the timeframes so you can see exactly what point your at in the cycle.

[Forexfux]

Hey I hope someone can answer this for me.

For every 3 days up does there have to be 3 days down? Or can It go 3 days up then have a 3 level down and continue 3 days up again?

Also is the weekly cycle 3 weeks up or down or something else?

I am just trying to make sure I understand that Correctly.

I think this SS posted by Sympathy should answer your question

[eaymon]

Hey I hope someone can answer this for me.

For every 3 days up does there have to be 3 days down? Or can It go 3 days up then have a 3 level down and continue 3 days up again?

Also is the weekly cycle 3 weeks up or down or something else?

I am just trying to make sure I understand that Correctly.

I think this SS posted by Sympathy should answer your question

no comprende

[Forexfux]

The shown counting was done by Sympathy. He counted 3 up levels 1 down level and again 3 up levels.

When 3 down levels would always follow after 3 up levels and vice versa we all would be rich

[forex23]

The shown counting was done by Sympathy. He counted 3 up levels 1 down level and again 3 up levels.

When 3 down levels would always follow after 3 up levels and vice versa we all would be rich

OK great . Thank you

Nobody answer the weekly cycle.

Is that the same thing as the 3 day cycle. 3 weeks up or down?

[imp]

Weekly, using h4 chart i take it. And, yes. From my observation, it is the same, on h4 one complete cycle for me takes anywhere from 3 -5 weeks. If you view daily chart, it is also the same, but on daily the cycles are bigger, and one complete cycles take anywhere from 3-5 months. It is what i see and my understanding. I am using h4 chart as my main by the way, just a matter of preferences since i like it when i am in big green pips, 400pips on one entry for example, and i can leave it like that for 2-3 weeks. But it is not as effective as m15 or h1 though. Because on m15 and h1 you can effectively use bigger lot sizes with smaller stoplosses.

[jedrula]

Sometimes is not a simple

[jedrula]

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