The Captains Chest - Naked Trading & Other Stuff

[Kruspe]

I think you can still trade this successfully without caring about the "3" levels at all.

An important thing to say is that 3 pushes aren´t an unbreakable rule. 3 pushes are in average. Sometimes it is 2, 4 etc. It depends on how many positions fox loaded. You also can´t define how long does accumulation/ distribution take in time. In that case it would be very easy vissible, measurable, tradeable and foxy doesn´t want it like that. But some moves she just can´t hide and our role is track this moves.

[Pueo]

The levels are good to know but don't make or break the method in my opinion. I think you can still trade this successfully without caring about the "3" levels at all. One of the ways is to simply find M's that happen at previous highs or W's that happen at previous lows (on 4h is easiest).

I recommend you open your Empty4 to a 4 hour chart and then unclick autoscroll (properties) and press home til you go way back in time, then press F12 and go bar by bar. Watch what happens as price makes an M at a previous high, a W at a previous low. You can build your confidence this way and get a feel for which M/W patterns are higher probability.

Thanks Pueo thats another piece of the puzzle I was missing the previous high or low,

so on the 4h I look for previous high or low then a pin bar or rrt forming , do I only look for w or m on the

15min or can I look for these on the 4h as well

thanks again

Sean, if you read what I wrote and then read your reply, you'll see that your question indicates you didn't actually listen to what I said. Are you rushing through this? CJ's thread here is about mastering the trading game. Nobody becomes a master of any field without putting in the hours and working for it. I've put over over 5000 hours into FX in the last 5 years (although a lot of it was wasted on "indicator only" based strategies) so it's been easy for me to pick this up and roll with it. If you are willing to spend 500 hours on reading and testing the info CJ has presented in this thread, you have a great shot at being a successful trader. That is an amazing opportunity. The alternative is to go look for the latest and greatest indicator strategy at FF. It's your choice.

[Wkcfx]

If you are willing to spend 500 hours on reading and testing the info CJ has presented in this thread, you have a great shot at being a successful trader. That is an amazing opportunity. The alternative is to go look for the latest and greatest indicator strategy at FF. It's your choice.

Well said Pueo. I started trading equities in 99, I too have pretty much been through the ringer. I have read and re-read this thread several times and am amazed at what I learn each time! CJ is definitely showing all here the right side of the glass to be on! Of course all the other great contributors reinforce and it some cases clarify the principals CJ is sharing.

My hat is off to all and Steve for making it happen!

Bill

[Kruspe]

Hi guys, how are you.. I should study today (I´ve got 3 exams this week - final year at the university), but I rather stare at the offline charts and I´m going to watch KHL final

I can´t help myself, but I see M/W patterns everywhere. I attach GBPNZD chart from friday. Yes, there was NFP, but the scenario is the same. Range, breakout, M pattern and back to the consolidation zone. I didn´t trade it, I´m just trying to get this pattern into my eyes. Some kind of visual training

[Kruspe]

Eur/Nzd 15M

[bernard]

Please see the two screen shots.
One is posted by CJ GBPCHF M15 March 13th.
The other GBPCHF M15 April 5
Amazing similarity.
Can we conclude that the Fox does not really have too many tricks in his/her bag?

Bernard

[Kruspe]

It looks like 3 pushes on AUD/CHF

[bluedog23]

It looks like 3 pushes on AUD/CHF

aud chf h1.gif

My sentiment also; I was just looking at this one.

[bluedog23]

It looks like 3 pushes on AUD/CHF

aud chf h1.gif

My sentiment also; I was just looking at this one.

aud chf m15.gif

Here's the M15.

[kwanann]

Have an open position for audchf as well as pending at lowest low and lvl 1.

For those selling jpy, beware price exhaustion. Thinking back, it kinds of make sense what is happening with jpy, fundamentals, cj trading and nb.

Will add in more later on, traveling to work soon.

You might think I.m trying to predict the future, but in these of jpy, everyone already knows it will reach 100 against usd. It's just that from the past few months record, it's quite clear what is happening. After 100 is anyone's guess. But for now, it's clear as day

On a side note, anyone else knows a 1:500 ECN broker? Today fxprimus just did a very bad thing to me. As I usually trade off my iPad rather than pc, I.m getting crashes all the time when accessing Empty4, which it never did. Lol so this is what happens when you increase your account by 50% in a few days.