The Captains Chest - Naked Trading & Other Stuff

Thunder123 · Post by **Thunder123** » Tue Mar 08, 2016 5:04 am

I'm looking to short eurusd and gbpusd after break of high.

desibaba · Post by **desibaba** » Tue Mar 08, 2016 7:53 am

Watching USDJPY

USDJPY may be forming a W on lower time frames and may be on level 3 on daily so things line up.

Post by **waza** » Tue Mar 08, 2016 8:18 am

Desibida i think your right.

look

Post by **szfxtrader** » Tue Mar 08, 2016 8:37 am

Hello! AJ has formed a nice M on H1, I have a sell limit @ 84.24

Post by **waza** » Tue Mar 08, 2016 11:28 am

ok guys here's a trade that i thought was going to go down more, so as the Captain says take whats giving i could have made a very nice profit but came out just aboout BE.

Post by **szfxtrader** » Tue Mar 08, 2016 1:13 pm

Hi, I am long GU @ 1.42068, what do you guys think about that?

fisheggs · Post by **fisheggs** » Tue Mar 08, 2016 2:29 pm

I can see "w" and "M " everywherey but i struggle to count the levels. Is someone who has had a similar issue advise on what helped in understanding the levels?

Thanks

imp · Post by **imp** » Tue Mar 08, 2016 6:16 pm

fisheggs » Tue Mar 08, 2016 2:29 pm wrote:I can see "w" and "M " everywherey but i struggle to count the levels. Is someone who has had a similar issue advise on what helped in understanding the levels?

Thanks

Count your levels, mark them and post here. Somebody will give you their insight. Everyone can benefit from that i guess. These past two weeks, there are accumulation everywhere. Something bound to happen sooner or later. I think that is why youre struggling. Only up by 15% this week though. Tough week.

Post by **eaymon** » Tue Mar 08, 2016 6:34 pm

waza » Tue Mar 08, 2016 6:28 am wrote:ok guys here's a trade that i thought was going to go down more, so as the Captain says take whats giving i could have made a very nice profit but came out just aboout BE.

so here is an example that ive been curious about...

I was following the levels as well for ECHF and there are mixed signals...

ECH.png

yesterday we had the end of level 3 and a strong M... we had some movement and then the level came back to the same point. Today we have a clear W....

So is it that :

a.) level 1 of the downward movement is done, there was a strong retracement back to the level for the next leg... we should maintain the course of action that this will continue all 3 levels downward.. the W was a fake

or

b.) a W showed up at the end of some retracement and it resets and we should focus on buying instead?

imp · Post by **imp** » Tue Mar 08, 2016 6:57 pm

eaymon » Tue Mar 08, 2016 6:34 pm wrote:
so here is an example that ive been curious about...

I was following the levels as well for ECHF and there are mixed signals...

yesterday we had the end of level 3 and a strong M... we had some movement and then the level came back to the same point. Today we have a clear W....

So is it that :

a.) level 1 of the downward movement is done, there was a strong retracement back to the level for the next leg... we should maintain the course of action that this will continue all 3 levels downward.. the W was a fake

or

b.) a W showed up at the end of some retracement and it resets and we should focus on buying instead?

My view is, there is a strong support on h1 where the price rebound and h4 already finished 3 levels down. It is either the price will make big w on h4 which the price will drop or heavy accumulation on h4 before moving the price up. I am more to heavy accumulation