The Captains Chest - Naked Trading & Other Stuff

[kwanann]

Well hopefully this line drawing can help to unify everyone chart like how an indicator does.

One thing though, those lines can move and readjust depending on PA so don't treat them as cast in stone once drawn

[Gertje]

EU just made the intra day 3rd push, today is not D3 of the "weekly cycle", in fact i like the current PA so much, i'm in another sell EU (which will definately be in SOME DD since the pair should reverse back into range)

The fox has limited tricks, everyone's expecting Frankie test and turn, he goes straightaway, when everyone is expecting straightaway he goes try some other trick instead (think yesterday's 1K pip SH in GU, and then think WHAT you would have done back then)

Stop hunts are only 1 of the tricks in their bag, look at the past few pages, some of us were conned into thinking EURUSD was forming a W.

At this point, EURUSD would have got the whole world selling, even 10.x would have screamed SELL. Since everyone is selling why fight the trend, get everyone in the mood to sell and sell, stop at critical points to stress them out so that they will exit and the MM would have won.

Taking a look at the bigger picture, seeing where CJ build his house from. These moves make at least 2xADR before retracing. Even the retrace can be traded profitable.

Based on this, I expect EURUSD to retrace to appr. 1.33 and then make a 150-200 pip drop.

Opinions?

[kwanann]

EU just completed the M on the H4, it will range for a while before it drop, nice round numbers at 1.325 and 1.33. my guess 1.325

either way as mentioned in yesteday i;m in sell eu and have some dd, will enter sell at pins when it appears then ride the wave down (if i happen to see it)

[monty]

Hi kwanann.

Let me first thank you and the other members whom helps guys like me.

I wounder if I got the au/us,levels right,in either 1H or 4H charts.as below.

Thank you all for your inputs.

[Gertje]

Hi kwanann.

Let me first thank you and the other members whom helps guys like me.

I wounder if I got the au/us,levels right,in either 1H or 4H charts.as below.

Thank you all for your inputs.

I believe on your H1, the 2 last pushes are 1, and the 'future' level will be L2.

[Gertje]

Hi kwanann.

Let me first thank you and the other members whom helps guys like me.

I wounder if I got the au/us,levels right,in either 1H or 4H charts.as below.

Thank you all for your inputs.

I believe on your H1, the 2 last pushes are 1, and the 'future' level will be L2.

Thank you Gertje.

I'll have to work harder on getting the levels right.

Appreciate your helps.

Not saying I have the power of knowledge, just my view....
It helps to zoom out more, making the bars smaller.

[kwanann]

Actually I have marked au as sell, will post the chart when I have acces to my pc, now on my iPad.

I don't really mark the h1 chart since it can be quite subjective. The h4 is worse since everyone can have different h4 depending in our broker gmt offset

Eu seems to be done, not much movement, could be a retracement coming

[monty]

Actually I have marked au as sell, will post the chart when I have acces to my pc, now on my iPad.

I don't really mark the h1 chart since it can be quite subjective. The h4 is worse since everyone can have different h4 depending in our broker gmt offset

Eu seems to be done, not much movement, could be a retracement coming

Hi Kwanann.

It seems that I realy got this one AU/US totaly wrong.

I thought the 3d push has allready taken place,and the first upward move finished yesderday,hence the second push upward I entered.
But it looks like it's on the 3d level down.
Oh boy got it tottaly wrong again.

[ciliano]

I am a bit skeptical that AUD pairs follow the 3-day push pattern as closely as many of the other pairs.

Also, nice spike downward on the last minute of the month in AUDUSD. Looks like it has a 53 pip spread to end the month.

[kwanann]

@monty

Remember what I said about l2 being fuzzy and typically get everyone trapped in all the wrong place

Look again now in hindsight, how would your lines be drawn now based on what you have seen?

Is that second yellow line supposed to be there or is this just simply l2 and trapping volume? It's a nice range trade of u have the balls, else just sell at the peak highs and take what is given

I know I promised a chart but u pretty much drew that last line in so it's the same as mine already

@zentauro

Let's see what bloodbath happens on Monday, it could be the weekend will cause big spikes both direction and everyone suffers, then the mm or cb have the funds for their war chest

@ciliano

The 3 day is just a reference, it all depends on the mm, e.g eurusd had a 5 day drop this week, so if u had entered at week opening, you would be sitting pretty on 160pips at closing