The Captains Chest - Naked Trading & Other Stuff

Post by **fahedksa** » Wed Nov 23, 2016 10:28 am

What you think friends for NZDUSD, I open long position as i think we going to level2 UP

fiox · Post by **fiox** » Wed Nov 23, 2016 10:32 am

fahedksa » Wed Nov 23, 2016 12:28 pm wrote:What you think friends for NZDUSD, I open long position as i think we going to level2 UP

I'm also long on NZDUSD. But in my opinion, just level 1 forming

Post by **fahedksa** » Wed Nov 23, 2016 10:41 am

fiox » Wed Nov 23, 2016 1:32 pm wrote: I'm also long on NZDUSD. But in my opinion, just level 1 forming

Well positive side that both in same trade.
What about GBPUSD ,Also i have long position as thinking price will move to level 2 up ,Where is my mistake here?

Post by **rewand** » Wed Nov 23, 2016 10:53 am

fahedksa » Wed Nov 23, 2016 10:28 am wrote:What you think friends for NZDUSD, I open long position as i think we going to level2 UP

I would be long too with tight SL, entering in the pins, after range extention. I am not because I maxed my margin on EURUSD : ) Loved the recent pipmaking move.

fiox · Post by **fiox** » Wed Nov 23, 2016 11:00 am

rewand » Wed Nov 23, 2016 12:53 pm wrote: I would be long too with tight SL, entering in the pins, after range extention. I am not because I maxed my margin on EURUSD : ) Loved the recent pipmaking move.

My view on NZDUSD is similar to your, but I think we are in level 1 up. Let's see...

About GBPUSD, I'm not sure about levels, I can't see clearly the 3 level, just 2 level down

Post by **rewand** » Wed Nov 23, 2016 11:10 am

fiox » Wed Nov 23, 2016 11:00 am wrote: My view on NZDUSD is similar to your, but I think we are in level 1 up. Let's see...

About GBPUSD, I'm not sure about levels, I can't see clearly the 3 level, just 2 level down

NZDUSD, your thinking is the same, we are trading within L1 ready to move 1 level up to L2, after who knows what PA. I just do not like to use lines for level indication, messes up etg when changing TFs.

Post by **fahedksa** » Wed Nov 23, 2016 11:13 am

Thank you Rewand Fiox ,
More practice will make me do better and count levels better.

Post by **dydynamic** » Wed Nov 23, 2016 12:09 pm

dydynamic » Mon Nov 14, 2016 1:10 pm wrote:Been studying this pair for over a month...
GBPUSD H1 MAPPING......

fahedksa » Wed Nov 23, 2016 10:41 am wrote:
fiox » Wed Nov 23, 2016 1:32 pm wrote: I'm also long on NZDUSD. But in my opinion, just level 1 forming
Well positive side that both in same trade.
What about GBPUSD ,Also i have long position as thinking price will move to level 2 up ,Where is my mistake here?

If you saw my GBPUSD H1 mapping above, there is still one more push down(but if the fox has got all he needs to turn then there might be no need for this last push down) before all hell breaks loose upwards...
For me, is buy all the way......

Post by **fahedksa** » Wed Nov 23, 2016 12:17 pm

dydynamic » Wed Nov 23, 2016 3:09 pm wrote:
If you saw my mapping above, there is still one more push down(but if the fox has got all he needs to turn the there might be no need for this last push down) before all hell breaks loose upwards...
For me, is buy all the way......

Mapping is really good thing to learn and study .
One of my repeated mistakes when open trades going to level2 or level3 ,Some times it goes opposite direction 30-40 pips before return back and continue in current cycle direction ( like GBPUSD today price down -40 pips then start retrace and back upside)

Post by **dydynamic** » Wed Nov 23, 2016 12:23 pm

fahedksa » Wed Nov 23, 2016 12:17 pm wrote:
Mapping is really good thing to learn and study .
One of my repeated mistakes when open trades going to level2 or level3 ,Some times it goes opposite direction 30-40 pips before return back and continue in current cycle direction ( like GBPUSD today price down -40 pips then start retrace and back upside)

Yeah, I still have a long way to go in mapping and it is wonderful when you put all the pieces together and see the outcome playing out as you mapped out.....
If I had the kind master mind that CJ has, I will never loose to the fox....