The Captains Chest - Naked Trading & Other Stuff

Zoltr1x · Post by **Zoltr1x** » Tue May 31, 2016 9:45 pm

Yigrashill man levels are only a one part of this "method" you need to look where price is going and how price behave, on G/U there was level 3 and also a strong "common ground" + multisession M, they just set a trap for traders who took long trades as you, at G/J there was level 3 and also a nice big ABC. I just can't understand why do you still average down losing positions. Just chill and don't overcomplicate this

Captain Jack · Post by **Captain Jack** » Tue May 31, 2016 10:53 pm

NZDUSD

-CJ-

2016-05-31_18-48-54.jpg

Post by **szfxtrader** » Wed Jun 01, 2016 7:11 am

Captain Jack » Tue May 31, 2016 10:53 pm wrote:NZDUSD

-CJ-

Thank you.

Post by **szfxtrader** » Wed Jun 01, 2016 7:12 am

Today I am selling EURAUD(1.53395), what do you guys think about it?

remora · Post by **remora** » Wed Jun 01, 2016 8:00 am

Captain Jack » Tue May 31, 2016 10:53 pm wrote:NZDUSD

-CJ-

Is this mean short at the M?

Zoltr1x · Post by **Zoltr1x** » Wed Jun 01, 2016 8:35 am

szfxtrader » Wed Jun 01, 2016 7:12 am wrote:Today I am selling EURAUD(1.53395), what do you guys think about it?

Eur/Gbp looks more promising but Eur/Aud sell could work if price hit minor support and they trap enough buyers.

Post by **waza** » Wed Jun 01, 2016 9:01 am

remora this is an M..if you go down to the 5 minute you can see it very clearly.

remora · Post by **remora** » Wed Jun 01, 2016 9:08 am

waza » Wed Jun 01, 2016 9:01 am wrote:remora this is an M..if you go down to the 5 minute you can see it very clearly.

Thanks bro...I have been following this thread for some times. But am still not that clear about the trading concept shared by CJ. Is it after we found M at the top of chart, we will see downtrend, and the downtrend lasts for 3 counts? vice versa to W at the bottom?

Post by **waza** » Wed Jun 01, 2016 9:26 am

yes that's correct but i always check 1 higher time frame and see where that is just in case it's not ready for a reversal.

remora · Post by **remora** » Wed Jun 01, 2016 9:36 am

waza » Wed Jun 01, 2016 9:26 am wrote:yes that's correct but i always check 1 higher time frame and see where that is just in case it's not ready for a reversal.

Alright Thanks a lot!!