The Captains Chest - Naked Trading & Other Stuff

Tom822 · Post by **Tom822** » Fri Dec 11, 2015 3:01 pm

If these 3 days cycle exist for real then how to explain this situation which can be observed on AUD/USD 1H chart ? It looks like there is no exist ANY days cycle.

caveywoolpert · Post by **caveywoolpert** » Fri Dec 11, 2015 3:23 pm

Tom822 » Fri Dec 11, 2015 3:01 pm wrote:If these 3 days cycle exist for real then how to explain this situation which can be observed on AUD/USD 1H chart ? It looks like there is no exist ANY days cycle.

what's wrong with AU? we got 3 levels done last week, peak formation high last friday, accumulation, monday-tuesday-wednesday: levels 1-2-3 on 1h, and level 1 on 4h, wednesday abc formation after three levels, midweek reversal, then again accumulation and level 2 started on 4h.

Tom, post a chart a mark AU how u see it

ncoyte · Post by **ncoyte** » Fri Dec 11, 2015 3:27 pm

caveywoolpert » Fri Dec 11, 2015 3:23 pm wrote:
Tom822 » Fri Dec 11, 2015 3:01 pm wrote:If these 3 days cycle exist for real then how to explain this situation which can be observed on AUD/USD 1H chart ? It looks like there is no exist ANY days cycle.

what's wrong with AU? we got 3 levels done last week, peak formation high last friday, accumulation, monday-tuesday-wednesday: levels 1-2-3 on 1h, and level 1 on 4h, wednesday abc formation after three levels, midweek reversal, then again accumulation and level 2 started on 4h.

AUDUSD H1 is about to establish it's W formation. You have to be patient until you see this formation properly setup before thinking of trading it.

Post by **sympathy** » Fri Dec 11, 2015 3:35 pm

sukui » Fri Dec 11, 2015 1:30 pm wrote:
HI Sympathy,

What does it mean, if level 3 not holds? Does a new 1-2-3 cycle begin towards the same direction? Or Just a strech and afterthat begins the reversal?

Thx

Yes a new circle will start but sometimes they push one leg up/down after level3 and revers to it.

Wisznu · Post by **Wisznu** » Fri Dec 11, 2015 3:57 pm

caveywoolpert » Fri Dec 11, 2015 3:23 pm wrote:
Tom822 » Fri Dec 11, 2015 3:01 pm wrote:If these 3 days cycle exist for real then how to explain this situation which can be observed on AUD/USD 1H chart ? It looks like there is no exist ANY days cycle.

what's wrong with AU? we got 3 levels done last week, peak formation high last friday, accumulation, monday-tuesday-wednesday: levels 1-2-3 on 1h, and level 1 on 4h, wednesday abc formation after three levels, midweek reversal, then again accumulation and level 2 started on 4h.

Tom, post a chart a mark AU how u see it

There was no level down for me, they are still holding 0.7169 level, just a tv. As ncoyte said, it looks like it's going to go north.

Tom822 · Post by **Tom822** » Fri Dec 11, 2015 4:07 pm

caveywoolpert » Fri Dec 11, 2015 3:23 pm wrote:
Tom822 » Fri Dec 11, 2015 3:01 pm wrote:If these 3 days cycle exist for real then how to explain this situation which can be observed on AUD/USD 1H chart ? It looks like there is no exist ANY days cycle.

what's wrong with AU? we got 3 levels done last week, peak formation high last friday, accumulation, monday-tuesday-wednesday: levels 1-2-3 on 1h, and level 1 on 4h, wednesday abc formation after three levels, midweek reversal, then again accumulation and level 2 started on 4h.

Tom, post a chart a mark AU how u see it

Ok, I post a chart in which way I saw this AUD/USD pair on a H1 chart.

caveywoolpert · Post by **caveywoolpert** » Fri Dec 11, 2015 5:05 pm

i expect au to be bearish, something as fox drew in the left box: on monday some uplift and back to the bottom

LoneWolf · Post by **LoneWolf** » Fri Dec 11, 2015 5:53 pm

Hey guys just a few tips I hope will help.

Bank traders trade in a very simple way and more longer term, they use fundamentals news to follow trade direction and simple trend lines as my image below shows in higher timeframe charts 1hour upwards.

If we can plot these onto our charts we can get in when the market makers push the price against the direction of the institutions. Its very simple to draw these lines, move your charts from the hourly to the 4 hour to the daily and you will see where the lines clearly go

Personally i would be carefull once the price reaches these lines as they can either continue the trend or change it, so when the price does get near take some time and let the fundamentals decide first where its continuing.

Screenshot_1.jpg

This is todays AUDUSD 4 hour chart, the price has hit perfectly against the longer term trendline so far.

LoneWolf · Post by **LoneWolf** » Fri Dec 11, 2015 6:00 pm

The market is all about deception, We have to start thinking like thieves to suceed, Think where would you place your stops?

and then look for the M or W entry on the 15.

The 15M chart is too zoomed in to show the whole image you need higher timeframe charts to show you more past price action.

USDJPY hourly below.

Screenshot_2.jpg

LoneWolf · Post by **LoneWolf** » Fri Dec 11, 2015 6:12 pm

Whats going on in the EURUSD?

Things are a little hectic right now because its december and all the interest rate fundamentals are coming out, but this is just a little view of mine below on the daily timeframe.

There is still a small chance it can find a new trend up though so I wouldnt be 100%

Screenshot_3.jpg