The Captains Chest - Naked Trading & Other Stuff

[intcust]

how is that working for you

[rewand]

as far as cycle with eu 1h it is consolidation time or market making or as Chick Hern would say garbage time. That is why you don't know were it is at in the cycle because it is not. They are just gaming you. need five things for cycle right were are they? That should be your first thing you look at. If they are not there it is not in cycle it is sitting on side lines waiting and taking your money. Long it if you want but not because of the CJ method. I was comparing charts previous to current to predict not really CJ method either but it is what dawidforex posted. I thought your white chart was suppose to be saying what is going to happen on the black chart. If so it is a short not a long. If not then I don't know the purpose.

I am really not arguing for anything, just telling what I see. But I got curious of what the five things are for you to look at when trying to identify where you are in the cycle. Do you mind sharing it? Just a short list would do.

[rewand]

how is that working for you

That is my understanding of patterns and I explained it in this thread in details why it should work that way. No one said it was wrong and I have no better explanations of how patterns work even after reading nearly the whole thread. If there is a better logic for them, I am willing to accept. But I do not trade patterns, I only use them when in doubt.

[intcust]

let me try and help then

five things you need
are
peak high ph
level 1 l1
level 2 l2
level 3 l3
peak low pl

price when cycling goes either from pl to ph and beyond or from ph to pe and beyond. using the three levels with one or two stop hunts (sh) along the way . Then is consolidates garbage time. if at pe then an "m' should form and and entrance candle should be created sell sell sell. if at pl then "w" is created with pin bar or entrance candle then buy buy buy. if not at either of these go to a different pair. Note what might be consolidation on day chart is clear cycle on 1h chart. Or maybe it is in level 2 with stop hunt on week chart maybe good cycle on 30m. Could even be a ph on 30m but long term is up. Ride the cycles on 30m get out then wait for a cycle to show up somewhere on some pair at some time frame. The lower the time frame the less movement per cycle but will complete the cycle any how. Sometimes well most time the lower time frame cycles are result of stop hunt or consolidation on higher time frame. both sh and garbage time are a lot of like but different intent of fox. sh is to get you to close a good trade and consolidation is the fox putting on positions at your expense to the next cycle. hope this helps.

[intcust]

everyone that is my take on CJ method. CJ might disagree or agree and that is fine it is his system and he would know best. I am just trying to make it simple and break it down to easy to understand parts. The main point is wait for cycle start on any pair and time frame just don't think you are in London when you are actually in Paris. That is what the fox wants. Know what part of the cycle you are in for the time frame you are trading or don't trade it is my idea.

incust

[rewand]

Hi Incust, thanks for sharing your view. I am aware of all the information shared, just thought I might have missed something with the 5 things. My view is slightly different as I never look at garbage time but look for the combinations of how things can play out at all. At or near PL/PH these are the SHs, the Ws, the Vs, the fake moves and their combinations, and the intraday cycle. In the EU case, I do not mind that there was no extreme movement today but we did have an abc pattern, we did have volume trapping, and we do have 3 days down after the reset. All moving slow, maybe preparing for some tricks before friday. Yes, not the best time for entry but may be good for 50 pips from current PL. We are left alone to figure out few things that have not been said and explained, so we all have our own interpretations. I have read and taken notes up to page 1150 and feel quite confident in my trading style. When I make a mistake I always know the reasons and 9 out of 10 mistakes are results of human error.

Posting my way of looking at the pattern, I am not that strict with them and never follow them in my trading, just use them as confirmation. Where do you think we are in the EU cycle?

[intcust]

I am short the eu currently

[intcust]

looked at eu 15 m just finished cycle down. so look for new start I think it will continue down to have higher time frames cycle no sell signal yet need m and candle for entry that is my take on eu cycles

[tradeitforex]

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[intcust]

Au 1h is set for last of cycle I just sold it looking for it to hit pl only 40 pips but hey put on another trade with around 150 pips in case non farm really moves