The Captains Chest - Naked Trading & Other Stuff

flywood · Post by **flywood** » Tue Mar 27, 2018 6:30 pm

Hello Leon,

first of all, thanks a lot for doing this and taking the time to let us participate in your journey.
As for EA, if you look a liitle higher on the D1, you can see two important levels to the left that are yet to be hit. We've already had three (messy) levels on D1, but it seems like they're aiming for an extended push to the highs before starting a significant drop...

My two cents.

Cheers,
Frank

Post by **ericjschroeder** » Wed Mar 28, 2018 12:15 am

Wavegarrick » Tue Mar 27, 2018 8:17 am wrote:A trade I took today,

Euraud M patern after a 3 day cycle push. Also reaching a multilevel high since 2015.

Please feel free to correct.

Cheers
Leon

Yes, I took the same trade for the same reason, but it looks like it wants to go a little higher first, doesn't it? Gonna watch it closely.

Post by **dydynamic** » Wed Mar 28, 2018 2:28 am

Wavegarrick » Tue Mar 27, 2018 4:17 pm wrote:A trade I took today,

Euraud M patern after a 3 day cycle push. Also reaching a multilevel high since 2015.

Please feel free to correct.

Cheers
Leon

yes Leon, they are dropping it,this is one of Sympathy's classic move..... :hi:

Post by **rewand** » Wed Mar 28, 2018 4:20 am

Screwed it up first but I recognize it as a-k on level 2.

Post by **Wavegarrick** » Wed Mar 28, 2018 6:22 am

if you look a liitle higher on the D1, you can see two important levels to the left that are yet to be hit. We've already had three (messy) levels on D1, but it seems like they're aiming for an extended push to the highs before starting a significant drop...

Frank, Yes I see those 2 levels to the left on the daily timeframe. Thanks for pointing me to it. Perhaps something I should have considered too as Cj mentions midweek reversals, possibly later today or tomorrow thursday. From my limited knowledge it looks like we could be on level 3 of the extended move on the hourly timeframe. So perhaps another level up retrace and enter.

but it looks like it wants to go a little higher first, doesn't it? Gonna watch it closely.

Eric, yes I was a bit early on this one. Watching closely as well

this is one of Sympathy's classic move.....

Dy, Excellent and I can see that is alot of nice scalps to be made out of those bump lines. Also nice target areas. especially on the longer term Barf trendlines.

but I recognize it as a-k on level 2.

Rewand, textbook example. Many thanks for this.

Guys, thanks for your comments and sharing your knowledge.

I and I am sure others are learning from this.

Cheers
Leon

Post by **rewand** » Wed Mar 28, 2018 8:16 am

One thing about the ak. I got suckered on that one many times and the reason is always the same, preference of a certain price level over pa. So I would say that pa (daily mm routine) should support ak and not the other way around. Also, one has to be flexible with the points. Another thing I realized recently is that one should learn how ak looks on HTFs.
Anyway, I am not so good at ak, so take my aks with a pinch of salt. Sympathy said something interesting in the thread. "If I told you the meaning of that pattern, you would laugh", but he never elaborated what he meant. May someone have figured it and can share. For sure, it is a sequence that happens over and over but to actually recognize it or parts of it... For sure I do not usually laugh when I see it and admit that my best trades do not come from this pattern.

Post by **Wavegarrick** » Wed Mar 28, 2018 9:02 am

I got suckered on that one many times and the reason is always the same, preference of a certain price level over pa. So I would say that pa (daily mm routine) should support ak and not the other way around. Also, one has to be flexible with the points. Another thing I realized recently is that one should learn how ak looks on HTFs.

My first attempt with the A - K pattern on the Daily time frame. I could be way off the mark. Not sure if J should be higher than H for it to be valid and if my baitline in the correct spot?. Will have to monitor as it plays out.

Could be that I will get suckered on this one

Cheers
Leon

Post by **dydynamic** » Wed Mar 28, 2018 9:43 am

Wavegarrick » Wed Mar 28, 2018 6:22 am wrote: Frank, Yes I see those 2 levels to the left on the daily timeframe. Thanks for pointing me to it. Perhaps something I should have considered too as Cj mentions midweek reversals, possibly later today or tomorrow thursday. From my limited knowledge it looks like we could be on level 3 of the extended move on the hourly timeframe. So perhaps another level up retrace and enter.

Eric, yes I was a bit early on this one. Watching closely as well

Dy, Excellent and I can see that is alot of nice scalps to be made out of those bump lines. Also nice target areas. especially on the longer term Barf trendlines.

Rewand, textbook example. Many thanks for this.

Guys, thanks for your comments and sharing your knowledge.

I and I am sure others are learning from this.

Cheers
Leon

The fox is very crafty and wicked

the price will still fall.... :hi:

Post by **Wavegarrick** » Wed Mar 28, 2018 11:32 am

Your CadChf trade playing out brilliantly. Well done Rewand

Post by **rewand** » Wed Mar 28, 2018 12:00 pm

Wavegarrick » Wed Mar 28, 2018 11:32 am wrote:Your CadChf trade playing out brilliantly. Well done Rewand

Yeah, and many more

Nothing can beat naked trading..
All praise is due to CJ!