AtTheMeadowsEdge » Wed Jan 06, 2016 9:42 pm wrote:What do you think? UJ 3L peak low?

Tom822 » Thu Jan 07, 2016 2:55 pm wrote:Welcome in the New Year

On the start I would like to send my personal thanks for CJ, for me you are an angel for retail traders and devil for the foxes I worked hard a couple last weeks and the results are amazing. First I reached $6500 in 1,5 week. For me that was a truly "wow time". Next, in only one day I reached $5800...I traded smooth and that was a really pleasure for me because I just saw every move of these foxy bastards. I would like to say even more, that was a game for me, no stress just fun. And then at the end of the day I counted all profits But today my account reached the sky.

Generally, my biggest mistake was to treat CJ method as "there must be 3 days of 3 cycles level" method. Yes, in many cases it exist for real but in many cases we will face against a 5 or even 6 levels move. The key to success of this method is a clear and open mind. Anyway, this method works and is really powerful.

Oh, and I would add something from me. CJ you should change the title of this thread on something like this "The Captains Chest - change your computer in ATM machine"
I think that we also should change the call "foxes" on "Madoff's" he also was a deceive and rude person, meanwhile foxes are lovable animals

Anyway, once more I would like to thank you, as well as all community, for this great thread

sukui » Thu Jan 07, 2016 2:10 pm wrote:Hi Tom!!

It's nice to see you being succesfull!! I think the most important part of this game is the big AHA moment. I don't think I achieved it... So could you help us to reach it as well, eg. by posting charts with your thoughts.

Thanks

Peter

Tom822 » Thu Jan 07, 2016 7:42 pm wrote:

sukui » Thu Jan 07, 2016 2:10 pm wrote:Hi Tom!!

It's nice to see you being succesfull!! I think the most important part of this game is the big AHA moment. I don't think I achieved it... So could you help us to reach it as well, eg. by posting charts with your thoughts.

Thanks

Peter

Sure, but please keep in mind that I am not so good as, for example, Sympathy or Xrismak. I do not try to catch perfect cycle on start of this cycle, moreover after my last experiences with USD/JPY I don't even try anymore to do that. Moreover, I also mix CJ method with Elliot wave's strategy. Oh, and I don't want to stay on market longer than 2 days because this is my comfort limit I know that may be stupid but personally I prefer lost even bigger part of move but I would like to get out of my position even at the same day when I entered.

For example check my chart of GBP/CAD from today. I recognized market direction (down in short term) and I entered on the first long candle. Why I did not enter on the edge ? Because I saw beautiful long pin on short candle, so for me its a confirmation for direction. Of course "market" went up but it was not a big deal for me but only opportunity to add some more shorts, I realized some of them on this second short candle with pinbar so you will not see all my positions on this chart.

Anyway, I closed all my positions on this ADR level which you can find on my chart. Of course, I lost a nice part of move but I do not care I am profitable and I made nice amount on my part of move. Moreover, market come back now so if I will be interested then I can go short once again on better (highest) level and earn more than holding this position by all day. And now I see on GBP/USD the possibility of 3rd down level but for sure I will not go short, why ? Because I do not like this pin which created on H4 and D1, this is the main reason of my decission why I will not go to short on GBP/CAD at this moment.

ncoyte - you asked about USD/JPY. I have no idea what this pair will do next, I went short yesterday beacause I believed that their created L-LL-LH formation moreover I was sure that they want to do nice pin to down on D1 and unload their positions after several days of down move but after that I went long they made spike down and I lost some pips on this one. From yesterday I only observe what they want to do next on this USD/JPY pair.