The Captains Chest - Naked Trading & Other Stuff

[eltax100]

Hi guys
just fantastic thread
I guess putting in a lot of screen time will pay off

Barron

[eltax100]

Any thoughts from the experienced hunters ?

[nicoacademia]

Hi Captain,

listing the various irons in the golf bag.
a. 3 drives/level pushes(foxes get involved in push 1 and 3; hedgies in 2)
b. volume exhaustion on 1H
c. Ws/Ms patterns & RRTs on larger timeframes (helps if at end of a BARF?)
d. accumulation/consolidation->trapshorts/traplongs(stophunt)->payoff

starting from larger timeframes on a D1 down to H4 H1 30/15M

anyway just wanted to test what i understand. here is the EJ
my question is. what about the portion at the left most. before they sold it off. they consolidated but in the usual time they still consolidated. they actually marked it up. and then consolidated again. then sold it off.
your thoughts on that Cap?
thank you so much

130329 ej.png

[Reaper]

Hi Captain,

listing the various irons in the golf bag.
a. 3 drives/level pushes(foxes get involved in push 1 and 3; hedgies in 2)
b. volume exhaustion on 1H
c. Ws/Ms patterns & RRTs on larger timeframes (helps if at end of a BARF?)
d. accumulation/consolidation->trapshorts/traplongs(stophunt)->payoff

starting from larger timeframes on a D1 down to H4 H1 30/15M

anyway just wanted to test what i understand. here is the EJ
my question is. what about the portion at the left most. before they sold it off. they consolidated but in the usual time they still consolidated. they actually marked it up. and then consolidated again. then sold it off.
your thoughts on that Cap?
thank you so much

130329 ej.png

Thank you, that helped me. It's so easy to get hung up on Ms and Ws you forget about the basics. Prices ranges overnight, tends to do a couple of fake out moves and then runs the trend for the day. This piece of knowledge can never be underestimated. I think I might need to re-read this thread from the beginning over the weekend.

The Ms and Ws are made up from these moves, its like the atoms within the molecules.

[nicoacademia]

Hi Captain,

listing the various irons in the golf bag.
a. 3 drives/level pushes(foxes get involved in push 1 and 3; hedgies in 2)
b. volume exhaustion on 1H
c. Ws/Ms patterns & RRTs on larger timeframes (helps if at end of a BARF?)
d. accumulation/consolidation->trapshorts/traplongs(stophunt)->payoff

starting from larger timeframes on a D1 down to H4 H1 30/15M

anyway just wanted to test what i understand. here is the EJ
my question is. what about the portion at the left most. before they sold it off. they consolidated but in the usual time they still consolidated. they actually marked it up. and then consolidated again. then sold it off.
your thoughts on that Cap?
thank you so much

130329 ej.png

Thank you, that helped me. It's so easy to get hung up on Ms and Ws you forget about the basics. Prices ranges overnight, tends to do a couple of fake out moves and then runs the trend for the day. This piece of knowledge can never be underestimated. I think I might need to re-read this thread from the beginning over the weekend.

nothing beats homework

overlaying the longer term pushes.

130329 ej.png

[Fable]

Hi Captain,

listing the various irons in the golf bag.
a. 3 drives/level pushes(foxes get involved in push 1 and 3; hedgies in 2)
b. volume exhaustion on 1H
c. Ws/Ms patterns & RRTs on larger timeframes (helps if at end of a BARF?)
d. accumulation/consolidation->trapshorts/traplongs(stophunt)->payoff

starting from larger timeframes on a D1 down to H4 H1 30/15M

anyway just wanted to test what i understand. here is the EJ
my question is. what about the portion at the left most. before they sold it off. they consolidated but in the usual time they still consolidated. they actually marked it up. and then consolidated again. then sold it off.
your thoughts on that Cap?
thank you so much

130329 ej.png

Thank you, that helped me. It's so easy to get hung up on Ms and Ws you forget about the basics. Prices ranges overnight, tends to do a couple of fake out moves and then runs the trend for the day. This piece of knowledge can never be underestimated. I think I might need to re-read this thread from the beginning over the weekend.

nothing beats homework

overlaying the longer term pushes.

130329 ej.png

Hi !

I'm watching EJ closely too and I pretty much agree with your analysis.
Here is my chart. As you can see I'm looking at the blue wedge (Wolfe Waves ?).

Just as you I think the 120.7 or 120.9 will be retest (IF it's a WW, point 4 will be hit again (60-70% odds), wich is at least 120.65). And than the uptrend with 3 push should take place with probably the point 4 of the WW on higher TF, I have already posted as a target (around 123.5).

Moreover it seems to correlated what CJ said:

Hi guys !

Is this a proper M pattern for you ? (EJ M15)

I would expect a higher high on the 2nd leg with some nice long pins to the high if it is....

CJ

Very best regards to you guys ! Have some happy holidays !

EDIT: Accordings to what I see now (before NY open) seems like a M pattern might form with a bounce from the H1 100MA on EJ and EU


Fable

[SteveHopwood]

I was not sure I could spot the M's and W's, so I pulled my charts out so I could see the passage of a lot of time. The shapes leap out at you when you do that.

I placed some vertical lines at the start of the second leg of a few so I could find them again when I went close again to see the detail.

Sure enough, there is a pinbar or rrt there every time.

[eltax100]

Hi Guys

The following link is to my public folder on Dropbox, You will find a pdf summery of the thread so far hope this helps some.

https://www.dropbox.com/sh/dxgt5h2fh6mc ... n=10122712


Barron

[Reaper]

I was not sure I could spot the M's and W's, so I pulled my charts out so I could see the passage of a lot of time. The shapes leap out at you when you do that.

I placed some vertical lines at the start of the second leg of a few so I could find them again when I went close again to see the detail.

Sure enough, there is a pinbar or rrt there every time.

You should watch steve mauro's video off youtube, CJ goes much deeper but that video has some good info.

[Kruspe]

I recommend also Martin Cole´s videos on youtube, here is link (I hope it doesn´t violate the rules)

http://learningtotrade.com/my-training-method/