The Captains Chest - Naked Trading & Other Stuff

[sympathy]

apropo AJ
Let's discuss briefly

We bounce from Weekly demand and we are on a small daily Suplly. This may indicate Short but Lets's see H1.

We had two weeks of accumulation, if I counted the levels properly, the last 3 was broken. "M" at 3 level did not hold.

so 8.03 and 9.03 They did reversall "W".

We can play Short but carefully.

What do you think Sympathy?
What price must make us to be confident direction?

edit:

Funny because we can count Levels like this

and then we can take short

Yea you can short it with little pips cos the formation is not that great ok. i will wait for higher price to short. @87.20

[fahedksa]

I will wait for a retrancement then go long. Just 3pushes retracement dats all.

Thank you Sympathy for answer.
But i want your help to clear picture for me here:
Regarding EURUSD
If we look in 1H chart there is looks like M on top with many pins happened in start of today which indicate to go short but we are looking to go long as we in level 2 up and in the current time there is W formed in 15 minute chart above Daily pivot point and also above yesterday resistance line and there is PinBar on 4H chart.So, for these i go long .
What you think ?

[sympathy]

GU

[sympathy]

Thank you Sympathy for answer.
But i want your help to clear picture for me here:
Regarding EURUSD
If we look in 1H chart there is looks like M on top with many pins happened in start of today which indicate to go short but we are looking to go long as we in level 2 up and in the current time there is W formed in 15 minute chart above Daily pivot point and also above yesterday resistance line and there is PinBar on 4H chart.So, for these i go long .
What you think ?

Sorry for late reply bro i was so busy with my other accounts ok. Listen very well... when ever you see a news release always wait for a 3pushes retracement before you follow thr original direction ok. That was what happen on many pairs today. I will show you my EU entry

[sympathy]

I guess you entered too early Am waiting to buy @1.88554

I am learning. : D

No probs am just teasing u ok always count 3pushes from 1hour tf.

[desibaba]

Still holding on to GBPAUD. I noticed a nice pinbar on the 4h so didn't bother closing. Hopefully it hits my target of 1.91455

[fahedksa]

Sorry for late reply bro i was so busy with my other accounts ok. Listen very well... when ever you see a news release always wait for a 3pushes retracement before you follow thr original direction ok. That was what happen on many pairs today. I will show you my EU entry

Thank you Sympathy , Your posts always help .
For me i start last week only one pair (EURUSD) and study the lat 6 month and its really help me very much to understand the theory.

[jedrula]

Is there anyone who plays on the German index DAX30 ?


a concept:

bounce from D1 Suplly and from D1 Demmand

d1`.png

H1 wait to complete the 3 day , foxes choose direction M at top pattern or W for reversal ?

Short is allowed on the top M or slightly above the HOD
and Long is allowed after retracement at the LOD.


?

2016-03-12___17_54_33.png

[szfxtrader]

No probs am just teasing u ok always count 3pushes from 1hour tf.

: )

[szfxtrader]

Hello! Today I am long AJ @ 85.826 - Please let me know what you guys think about that.