The Captains Chest - Naked Trading & Other Stuff

[ikdenk]

audnzd daily

[mtl]

well CJ
but I think you can determine where the cycle if we are to know the mapping prices
Do I think right?

tnx

If you can map then you know exactly where you are.... if you have the correct map pattern.

-CJ-

Thank you for your answer

which of course it is a 3 level and go down now

CJ, can you tell whether it is PL with my calculations, it looks that it is. GBPUSD

for it can not locate the PL for EURUSD, hmm very interesting :

[Captain Jack]

Thank you for your answer

which of course it is a 3 level and go down now

CJ, can you tell whether it is PL with my calculations, it looks that it is. GBPUSD

for it can not locate the PL for EURUSD, hmm very interesting :

I have moved your post... these seem reasonable...

Level 3 is usually an extended consolidation area with plenty of chop and indecision....

-CJ-

2016-09-27_7-05-05.jpg

2016-09-27_7-09-56.jpg

[mtl]

Thank you for your answer

which of course it is a 3 level and go down now

CJ, can you tell whether it is PL with my calculations, it looks that it is. GBPUSD

for it can not locate the PL for EURUSD, hmm very interesting :

I have moved your post... these seem reasonable...

Level 3 is usually an extended consolidation area with plenty of chop and indecision....

-CJ-

I understand and thank you for the clarification
everything begins to fall into place

tnx

[Innate]

Hi CJ,

May I ask how you would read the attached please?

When the L3 reversal pattern is breached with a lower low (or HH) then is the reversal invalidated? e.g. on the attached should we be looking for more downside?

Thanks.

[Captain Jack]

Hi CJ,

May I ask how you would read the attached please?

When the L3 reversal pattern is breached with a lower low (or HH) then is the reversal invalidated? e.g. on the attached should we be looking for more downside?

Thanks.

Just as stated in the previous post, level 3 usually is extended and full of chop....

-CJ-

[Innate]

Just as stated in the previous post, level 3 usually is extended and full of chop....

-CJ-

Is the clue the SH pattern printed on a certain level (what you have circled in red) telling us there will be a LL?

[jksynergyworks]

I have moved your post... these seem reasonable...

Level 3 is usually an extended consolidation area with plenty of chop and indecision....

-CJ-

Hi CJ,

I notice that the level for up or down trend are always drawn at the low point of the wave. Is there any difference if it is drawn differently, like level is at the low point for downtrend and high point for up trend?

2016-09-28_00h21_16-AUDUSD-H1.png

2016-09-28_00h19_51-USDJPY-H1.png

[woodlands]

FWIW here is today on GBPJPY, GBPCAD and EURUSD,
GJ and EU still open, as you see in pics profits booked and positions retaken, comments more than welcome as I am trying hard to learn this.....
Current positions as time of post
Thanks to Dudest for the trapping patterns, something clicked with those.
Big thanks to CJ for the whole thread, I've been in and out for two years now and realise I should have stayed in but there are so many diamonds to mine in the SHF :hi:

GBPJPYH4_270916.png

GBPCADH1_270916.png

EURUSDH1_270916.png

[jksynergyworks]

Hi Woodlands, I am looking for an indicator like the one you have on the top right hand corner of your chart. Is it possible to share with me?