The Captains Chest - Naked Trading & Other Stuff

[eaymon]

that red area isnt a level, it is where the price is ranging. during that time its getting ready to set up for the next level.

each level is a strong movement in price.

the chart you shared is a 4 hour chart, its normally easier to see the M and W on the 15min or hourly charts.

Here are some past posts that highlight this :
http://www.stevehopwoodforex.com/phpBB3 ... 00#p134662

http://www.stevehopwoodforex.com/phpBB3 ... 30#p134786

I know all of that, but I asking about bigger cycle, the beggining of the red area is level 1 later I see long side move, but after couple days I see new peak low/w within the range so should I count next level from that new peak? CJ said, count levels from peaks, so now we are on level 3 not 2, I need to know how Sympathy count those bigger cycles, 'cause I think that, this is wrong.

I don't want to trade against bigger cycle so I need to know how to count the bigger cycle right.
For me only red marks are good but maybe I'm wrong.

that i couldn't tell you...

sorry for me miss-understanding your post

[MosDef]

Sympathy...

Would I be correct to say the following on EURUSD? --

1. H1 is on upward Level 2 going to Level 3

2. H4 is on P2 going to P3

3. Daily is on upward Level 1 going to Level 2

4. Monthly is on downward level 1

Please see charts below and correct me appropriately. Kindly rate me on a scale of 1-10 so I know if i'm on track.

[eresz]

Sympathy...

Would I be correct to say the following on EURUSD? --

I'm not Sympathy and I'm still learning but to my mind H1 may look like this:

[fetch]

A suggestion, wouldn't it be nice for us learners if we could all do a study of the same pair?

Say we use the EurUsd for example as has been raised by eresz. If sympathy posts the charts for Weekly, Daily and H4/H1 levels, so we can all draw them the same and be on the same (right) page, in following and trading the pair for the next week or two.

I realise sympathy and others will want to trade many other pairs as opportunities arise, but if he/she could update the one pair each day for a week or two, we could stay on the right side of a trade whilst we get the hang of it.

[ncoyte]

A suggestion, wouldn't it be nice for us learners if we could all do a study of the same pair?

Say we use the EurUsd for example as has been raised by eresz. If sympathy posts the charts for Weekly, Daily and H4/H1 levels, so we can all draw them the same and be on the same (right) page, in following and trading the pair for the next week or two.

I realise sympathy and others will want to trade many other pairs as opportunities arise, but if he/she could update the one pair each day for a week or two, we could stay on the right side of a trade whilst we get the hang of it.

It's a great idea if anyone would support it.

[Innate]

GBPJPY

[desibaba]

GBPJPY

Good eye there

I missed that one for some reason when I was looking for potential setups

[eresz]

A suggestion, wouldn't it be nice for us learners if we could all do a study of the same pair?

Say we use the EurUsd for example as has been raised by eresz. If sympathy posts the charts for Weekly, Daily and H4/H1 levels, so we can all draw them the same and be on the same (right) page, in following and trading the pair for the next week or two.

I realise sympathy and others will want to trade many other pairs as opportunities arise, but if he/she could update the one pair each day for a week or two, we could stay on the right side of a trade whilst we get the hang of it.

It's a great idea if anyone would support it.

im also eagerly for, of course it wont work without sympathy giving direction

[waza]

here's my take on this.

chfjpy.png

also

usdcad.png

[sympathy]

EJ