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The Captains Chest - Naked Trading & Other Stuff
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Author:  sympathy [ Mon Dec 14, 2015 12:58 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Same pattern
Author:  drunka [ Mon Dec 14, 2015 12:59 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Tom822 » 22 minutes ago wrote:Sympathy - I didn't remember that CJ wrote anywhere to trade on breakouts, because your trade on EUR/GBP that you posted is a classic breakout trade.

Moreover, when you check it on Daily chart then you will see downtrend.
Author:  sympathy [ Mon Dec 14, 2015 1:12 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

drunka » Mon Dec 14, 2015 1:59 pm wrote:
Tom822 » 22 minutes ago wrote:Sympathy - I didn't remember that CJ wrote anywhere to trade on breakouts, because your trade on EUR/GBP that you posted is a classic breakout trade.

Moreover, when you check it on Daily chart then you will see downtrend.
:D :D :D love that indy bro. can i apply for it :D :D
Author:  sympathy [ Mon Dec 14, 2015 1:15 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

AJ.
Author:  drunka [ Mon Dec 14, 2015 1:40 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

sympathy » 15 minutes ago wrote: :D :D :D love that indy bro. can i apply for it :D :D
sure mate, you can find it here http://bysb.comxa.com/en/minicharts-gold
There is a free version (I donated some greens) and recently also a paid version. Sergio seems to be a pretty good coder and is also a nice guy :smile:
Became an integral part of my chart ^^
Author:  sympathy [ Mon Dec 14, 2015 2:08 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

drunka » Mon Dec 14, 2015 2:40 pm wrote:
sympathy » 15 minutes ago wrote: :D :D :D love that indy bro. can i apply for it :D :D
sure mate, you can find it here http://bysb.comxa.com/en/minicharts-gold
There is a free version (I donated some greens) and recently also a paid version. Sergio seems to be a pretty good coder and is also a nice guy :smile:
Became an integral part of my chart ^^
thanks man
Author:  Tom822 [ Mon Dec 14, 2015 2:34 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

sympathy » Mon Dec 14, 2015 12:52 pm wrote: Sorry bro i forgot to label the chart.
You don't follow for 3-5 days cycle ? You marked 1-2-3, you trade on M15 and there was only 2 days within your 1-2-3...

Drunka - thx, I understand. But from other side, this II level looks like SH...
Author:  sympathy [ Mon Dec 14, 2015 3:56 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Tom822 » Mon Dec 14, 2015 3:34 pm wrote:
You don't follow for 3-5 days cycle ? You marked 1-2-3, you trade on M15 and there was only 2 days within your 1-2-3...

Drunka - thx, I understand. But from other side, this II level looks like SH...
you have to do your homework well bro. Am already used to the pattern that was why i took that trade.its all the same process captain taught us in the thread.
Author:  drunka [ Mon Dec 14, 2015 6:17 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Tom822 » Today, 15:34 wrote:
You don't follow for 3-5 days cycle ? You marked 1-2-3, you trade on M15 and there was only 2 days within your 1-2-3...

Drunka - thx, I understand. But from other side, this II level looks like SH...
Yeah it looks like SH but how is the context? describe it here if you like to.

I consider myself a noob, so don't give to much on my 2 cents. But describing what I see helps me to improve, so I mark my charts ^^ (most of the time just for myself).

First I II III, we have a spike late in trend from II to III (peak high) followed by a sell off and a trading range.
Market breaks TL and forms a Level I
Two more Levels form.
Level III (on the right) becomes a huge TR
There is a wedge forming (H1, H2 and H3) H3 pins into bottom of the TR (which is also today's and yesterday's low)
If you missed that entry you could enter on the on the following inside bars with a SL under the inside bars or the pin.

Don't think of this thread as a trading system but as a tool kit from which you can form a trading system yourself. Here you will find different people with different price action approaches. PA is common ground, this is what the thread is about. See dudest for example who is using Fibo and other thinks he adapted a lot of things from Johnathon Fox from baby pips. I myself like to mix in things I got from Al Brooks books.

For a good setup you need context (like being at level 3) and signals (like a pin forming a double top/bottom = W or M

Also don't try to trade the M15 chart but H1. M15 is for fine-tuning the entries and exits and as beginner it's often easier to even stay on the H1. If you don't see something forming on H1 it's not there.

You definitively don't want to enter in a noisy fast market action on M15 like sympathy did unless you got an idea what you are doing. You could trade the same signal with just a slightly worse RR on H1.
Author:  ikdenk [ Mon Dec 14, 2015 10:52 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Intraday count on GBPNZD M15
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