The Captains Chest - Naked Trading & Other Stuff

Piter80 · Post by **Piter80** » Sun Aug 07, 2016 6:04 am

ikdenk » Sat Aug 06, 2016 9:08 pm wrote:
Piter80 » Sun Aug 07, 2016 6:04 am wrote:
Why would you sell against a level 1? Maybe for a scalp?

USDCHF-h1.png

Piter80 · Post by **Piter80** » Sun Aug 07, 2016 6:09 am

maperdel » Fri Aug 05, 2016 11:11 pm wrote:Hey guys, I want to ask a question regarding level count:

When price forms and a-b-c pattern,do you count the "c" part as level 1??

Three recent images as an example:

Hi
For me it's one pattern/level,same as W or M

Piter80 · Post by **Piter80** » Sun Aug 07, 2016 6:16 am

USDJPYDaily.png

USDJPYM30.png

Piter80 · Post by **Piter80** » Sun Aug 07, 2016 6:30 am

GBPUSDH1.png

GBPJPYH4.png

GBPJPYM5.png

Post by **dydynamic** » Sun Aug 07, 2016 9:20 am

Mapping 3

Wisznu · Post by **Wisznu** » Mon Aug 08, 2016 1:09 pm

Big news on NZD are coming this week. Seems like some moves about to happen. Waiting for wednesday...

maperdel · Post by **maperdel** » Mon Aug 08, 2016 4:46 pm

Piter80 » Sun Aug 07, 2016 12:09 am wrote: Hi
For me it's one pattern/level,same as W or M

Thanks for your answers,Piter & Bobby.

Hey Piter, do you mean that you consider a-b-c as level 3/PH/PL and from that pattern you start to count?

Piter80 · Post by **Piter80** » Tue Aug 09, 2016 3:04 am

maperdel » Mon Aug 08, 2016 4:46 pm wrote:
Piter80 » Sun Aug 07, 2016 12:09 am wrote: Hi
For me it's one pattern/level,same as W or M
Thanks for your answers,Piter & Bobby.

Hey Piter, do you mean that you consider a-b-c as level 3/PH/PL and from that pattern you start to count?

Yes

Post by **BobbyT** » Tue Aug 09, 2016 10:30 am

Piter80 » Tue Aug 09, 2016 1:04 pm wrote: Yes

Piter,

Could you maybe confirm this for the second EURUSD chart that was posted by maperdel. That chart confuses me somewhat (see my reply above)

Post by **BobbyT** » Tue Aug 09, 2016 10:33 am

BobbyT » Sat Aug 06, 2016 9:30 pm wrote:
Hi Xrismak,

In your 3rd chart, it looks like the bottom positions (

Not sure what happened with this post. It seems to be missing half of it

Anyway, I was asking about those lowest trades. How do you keep your skin on with several trades going ~200pips in the red? That's hairy business.

Cheers,
BobbyT