The Captains Chest - Naked Trading & Other Stuff

[Mescalitofx]

possible 'W' forming here on the cad/jpy ?

higher probability lower, that is the 1st pushdown, at least 2-3 pushes down normally

[Guest]

still reading through the thread.. trying to find where you guys started talking about these M and W formations.. seems now the thread is solely based on these 2 patters.. after 100 pages we finally get to the point

[Captain Jack]

still reading through the thread.. trying to find where you guys started talking about these M and W formations.. seems now the thread is solely based on these 2 patters.. after 100 pages we finally get to the point

What? It doesn't remind you of a Disney movie anymore?

CJ

[Captain Jack]

possible 'W' forming here on the cad/jpy ?

higher probability lower, that is the 1st pushdown, at least 2-3 pushes down normally

I agree Gerry.... looks like an "M" after a 3 level rise. Price has returned to fill the gap, as was discussed earlier in the thread, and has basically completed a stop hunt before it's next move...

Price finished the day in consolidation so that should make it Level 3 complete with a Peak High. Level 3's tend to lead into straight away price moves after consolidation....watch for this...

I don't understand how anybody can read the previous 100+ pages and think that this thread is "only" about "W" and "M" patterns.

CJ

[Captain Jack]

AUDCAD on the Level 3 watch list...looking for a new peak high....

CJ

[Captain Jack]

still reading through the thread.. trying to find where you guys started talking about these M and W formations.. seems now the thread is solely based on these 2 patters.. after 100 pages we finally get to the point

What? It doesn't remind you of a Disney movie anymore?

CJ

Hmmm... Sounds oddly similar doesn't it...? : )

Great job here CJ!

Hi Ash,

Glad to see you aboard!

CJ

[mjws00]

I wondered how long that one and the grasshopper would survive. LOL.

Green Pips. I need some beauty sleep before London cranks up.

[Captain Jack]

Would love to get your insights on that AU long trade. I got a M & a W

Compare this pattern with the current pattern printed by CADJPY Lio.....look familiar?

CJ

[Captain Jack]

I wondered how long that one and the grasshopper would survive. LOL.

Green Pips. I need some beauty sleep before London cranks up.

You missed the one in Bob's thread where you were being "baited" with a question about live and demo results....

CJ

[Captain Jack]

GBPUSD has been held the past few days.....movement is seen in some of the crosses.... there was a question some pages back concerning the drop in the EURO and the lack of movement in the Pound...here's the "holding pattern"....chopping for days now....

CJ