The Captains Chest - Naked Trading & Other Stuff

[kwanann]

could be, like i said, wait for the other ear to form

[Dagu]

Watch

EUR/USD
and
GBP/USD

fox preparing to fall

[kwanann]

Watch

EUR/USD
and
GBP/USD

fox preparing to fall

i would rather wait for pins to form and then go long..

[Nipponho]

kwannan de barbrian, i thought we are supposed to trade away from peak formation and not towards it?

I find m & ws analysis is very subjective, different people see differently. Same for level counting, not so simple and straight forward.

[kwanann]

kwannan de barbrian, i thought we are supposed to trade away from peak formation and not towards it?

I find m & ws analysis is very subjective, different people see differently. Same for level counting, not so simple and straight forward.

Nipponho

For me, its simply a replay of the pattern of GU from around 2 months back..

As for the rest, it all depends on the TF you are looking at. A M on the M15 can play out to a L2 on the H1 to a L1 on the H4 to a W on the D1 etc...

The trade duration also matters as well, for a M15, go ahead and take a short if u see the M. In this case i dont see much of any M, just a spike high to capture the longs, torture them by reversing 60 or so pips (probably to MC some traders)

This *should* be followed by an eventual spike LOW and then reverse back into uptrend on the higher timeframes

I'm only looking for a short at 1.68, anything below for me is still a long position

Cheers

[djhenry1981]

For me, its simply a replay of the pattern of GU from around 2 months back..

Which TF do you mean?

[kwanann]

For me, its simply a replay of the pattern of GU from around 2 months back..

Which TF do you mean?

M15 and above..

I'm using H4 to illustrate, but the pattern playout is the same in the other TF. arrow indicates rough location of current pattern playout

[djhenry1981]

For me, its simply a replay of the pattern of GU from around 2 months back..

Which TF do you mean?

M15 and above..

I'm using H4 to illustrate, but the pattern playout is the same in the other TF. arrow indicates rough location of current pattern playout

Thanks mate, it's clear as day now!

[SteveHopwood]

I am asking those of you who have not already seen this post http://www.stevehopwoodforex.com/phpBB3 ... =10&t=3302 to read it please.

[Nipponho]

NY time 11.40am. GBPCad 3 legs. Many pins on m15