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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: | sympathy [ Tue Dec 08, 2015 8:38 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
in EG we are heading to level 3. we have completed level2 retrace so by tomorrow we sell from level3. |
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| Author: | michosz [ Tue Dec 08, 2015 9:28 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
My levels on eur/gbp. |
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| Author: | PipTrawler [ Tue Dec 08, 2015 10:32 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi Sympathy no problem thanks for replying, it must be a pain answering questions all the time and trying to trade, I do appreciate it. I have read the whole thread and CJ's posts again but I am still uncertain of the cycle. Will you please confirm if my understanding is correct. 1. CJ says 3 to 5 days of bullish or bearish PA. Each push for that day will produce new level. L1, L2, L3.... 2. Am I correct in understanding that within each level there is generally 3 smaller pushes on 15min chart 3. We then wait for Asia to complete and in uptrend look for the new L.O.D to form. 4. Once we have a L.O.D. we are then looking for three pushes on 15min time frame which will culminate in another larger level being formed. 5 This process repeats for 3 larger levels then looking for reversal signs. 6. We may or may not get stop hunts in between levels. 7. A level is only considered to be a level once there is visible accumulation/ranging ? Or in uptrend is H.O.D considered the next level ? 8. I am confused as you tend to mark the peak low as level 1 and not the first swing high or H.O.D ? I have attached an EU 1hr & 15 min Chart to try and explain my questions. I have directed these questions to Sympathy as he has been kind enough to reply but would appreciate the view of any senior FOX Hunters. Thank You. |
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| Author: | scalpz [ Wed Dec 09, 2015 1:23 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
7. Both accumulation or visible HOD/LOD can flag a level. 8. I tend to put lines through accumulation and count, but still imagine Sympathy's 1 below, 2 below, 3 above (got him) when I look at my charts. cheers scalpz 14:23 |
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| Author: | PipTrawler [ Wed Dec 09, 2015 8:26 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
JH or not thanks for your input Scalpz. |
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| Author: | sympathy [ Wed Dec 09, 2015 8:53 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Everything you wrote is correct but for EU we are almost in level3 now, so we should be planning for sell soon. there are some pairs that don't range especially in level2 they normally move straight away and you don't need to trade them. trade the top/low for good entries. 3pushes makes one level in 1hr/15mins time frame ok. |
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| Author: | Bippo [ Wed Dec 09, 2015 8:58 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hello I'm a newbie here in this thread please a question for more experienced Traders what do u think about my entry,trading the "W" to the upside? I know maybe I'm a little late,but what could it be your next target? TP at horizontal yellow line ? thx |
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| Author: | sympathy [ Wed Dec 09, 2015 9:07 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
This pair moves with EU so here are the levels |
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| Author: | sympathy [ Wed Dec 09, 2015 9:10 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
I Didnt take that trade because i was late like yours but its a nice trade. the yellow line above is your target so weldone |
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| Author: | sympathy [ Wed Dec 09, 2015 9:27 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
ACAD DAILY |
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