The Captains Chest - Naked Trading & Other Stuff

dar34 · Post by **dar34** » Sun Jul 24, 2016 7:47 pm

Piter80 » Sun Jul 24, 2016 7:02 pm wrote:Looks good for me

Or yes.

Post by **szfxtrader** » Tue Jul 26, 2016 11:18 am

AUDCAD is forming a beautiful M, stay tuned!

paniczklos · Post by **paniczklos** » Wed Jul 27, 2016 12:25 pm

waiting for the FOMC?

eurusd.png

Mathewslade · Post by **Mathewslade** » Wed Jul 27, 2016 2:28 pm

Hello, chaps.

Fantastic thread. I wonder, could anyone tell me how I treat a gap going against the cycle?

I.e say we are on the third push up in a larger cycle, after a 50 pip drop following an M, it gaps up on the Monday, BUT doesn't take out the previous high of level three. Would I count the drop as the first drop or do I expect three additional drops after not including the first?

I don't want to misjudge my count down.

For reference I'm talking about the gap up after the peak on a zoomed out 15m GBP/JPY chart (image attached).

Thanks.

ikdenk · Post by **ikdenk** » Fri Jul 29, 2016 6:26 am

Plenty of action in the Asian Session on usdjpy today.

Managed to get 861 pips.

Piter80 · Post by **Piter80** » Fri Jul 29, 2016 3:38 pm

USDJPYH1.png

EURUSDH1.png

ikdenk · Post by **ikdenk** » Fri Jul 29, 2016 9:38 pm

usdjpy could still drop another 150 pips.

4h chart:

Piter80 · Post by **Piter80** » Sat Jul 30, 2016 5:59 am

Yes of course.

ikdenk · Post by **ikdenk** » Sat Jul 30, 2016 9:54 pm

Piter80 » Sat Jul 30, 2016 5:59 pm wrote:Yes of course.

Piter,

went through some of your old posts.

Do you still use pattern matching?

If you do, what pattern are you using for usdjpy, please?

I saw your triangle on the earlier post.

Piter80 · Post by **Piter80** » Sun Jul 31, 2016 7:13 am

ikdenk » Sat Jul 30, 2016 9:54 pm wrote:
Piter,

went through some of your old posts.

Do you still use pattern matching?

If you do, what pattern are you using for usdjpy, please?

I saw your triangle on the earlier post.

No.Don't mapping price any more.Too many times I was wrong.I had long break,and now start again with levels.
Maybe will back to mapping in future.