I think your lvl 3 is stop hunt, but I'm no expert.sponn » Tue Nov 10, 2015 12:07 pm wrote:Any thoughts about eurgbp ? It is retracement on level 1 uptrend or what ?
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| The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572 |
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| Author: | matt_32 [ Tue Nov 10, 2015 10:25 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Be careful with that one. I see an ABC forming on Weekly. I for one am biased Long Matt |
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| Author: | ZumZum [ Tue Nov 10, 2015 10:27 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
I think your lvl 3 is stop hunt, but I'm no expert. |
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| Author: | sponn [ Tue Nov 10, 2015 10:37 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
That is the biggest problem with this... everybofy has got a different view on this.. EG 4H charts loosk simple but we stil don;t know where are we now.. SH between level 2 and 3 on downtrend, or level 1 in the uptrend... Love this  |
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| Author: | ZumZum [ Tue Nov 10, 2015 10:40 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Dude, solution is very simple - don't trade this pair and wait till you see clear picture |
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| Author: | sponn [ Tue Nov 10, 2015 11:12 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Of course Zumzum you have got right. But this looks like simple structure.. But even then we have got different thoughts... BTW. Really nice trades on EJ. Love tchem. But don't you think that those charts (EJ) looks much more complicated than EGBP ? |
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| Author: | fahedksa [ Tue Nov 10, 2015 11:31 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
My View AUDUSD 4H level 2 Push 3 Down 1H Level 3 Down Please advice me if am wrong |
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| Author: | ZumZum [ Tue Nov 10, 2015 11:37 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Because it's more like an art, rather than strict pack of rules. You have to evaluate situation all the time and enter only when odds are in your favor. This way when you're wrong you lose small amount, but if you're right, it covers everything. At least this is my idea and I'm not advocating it. As for EJ there were 3 pushes up to the top of the consolidation zone, RRT on H4, pins on H1, M on M15 = odds are in my favor, so I enter. :hi: |
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| Author: | ZumZum [ Tue Nov 10, 2015 11:53 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Looks good to me, 2 pushes down, expect for SH and 3rd push. But then again, I'm no expert. |
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| Author: | Jurij [ Tue Nov 10, 2015 1:47 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
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| Author: | LoneWolf [ Tue Nov 10, 2015 6:10 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Ive bought EURUSD, low of the day with W formation Maybe its the start of the uptrend for the week. What im thinking about now? hmm fishy very fishy |
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