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The Captains Chest - Naked Trading & Other Stuff
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Author:  PolishQueen [ Thu Aug 04, 2016 8:46 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

sympathy » Tue Aug 02, 2016 4:40 pm wrote:some of you are still counting this stuff wrongly. use your one hour tf to get the real level count then move down to 15mins and wait for M/W pattern OK. its easier to see the levels in 1hour tf. Welcome guys......

We are happy you are back Sypmathy! :clap: :cheer:
Author:  fiox [ Fri Aug 05, 2016 8:28 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Hi guys, nice movement today

:clap:
Author:  xrismak [ Fri Aug 05, 2016 10:33 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

sympathy » Tue Aug 02, 2016 4:40 pm wrote:some of you are still counting this stuff wrongly. use your one hour tf to get the real level count then move down to 15mins and wait for M/W pattern OK. its easier to see the levels in 1hour tf. Welcome guys......

Soulful Sympathy,

How far my Guy, ehhh somehow they will Eventually Get the Concept if we keep on Posting Charts with Results that Inspire them to think Hard, Look and Learn...

Yesterday GBP-CAD :
GBP-CAD Eventual TRADE Outcome on 08-04-2016@16-07-09.png
First Bunch of Buys Today on GBP-CAD:
GBP-CAD Trade Buys-Longs 05-08-16 (A).png
Second Phase of Buys Today on GBP-CAD :
GBP-CAD Trade Buys-Longs 05-08-16 (I).png

Happy Trading Folks,

xrismak ;)
Author:  maperdel [ Fri Aug 05, 2016 11:11 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Hey guys, I want to ask a question regarding level count:

When price forms and a-b-c pattern,do you count the "c" part as level 1??

Three recent images as an example:
USDJPYH4.png
EURUSDH1.png
EURUSDDaily.png
Author:  BobbyT [ Sat Aug 06, 2016 11:28 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

maperdel » Sat Aug 06, 2016 9:11 am wrote:Hey guys, I want to ask a question regarding level count:

When price forms and a-b-c pattern,do you count the "c" part as level 1??

Two recent images as an example:





This is a damn fine question. One that I have often wondered about myself.

I'm still unclear about this and take these comments with a grain of salt (especially considering the results I've had over the past fortnight) but this is what I see:

USDJPY: C has not moved beyond the level 3 'range' nor has it closed lower than the day opened

EURUSD(1st one): I would probably call this a level as it has had 1-2 days of downward price which has clearly broken the level 3 formation

EURUSD(2nd one): this one I'm not too sure on. I'm inclined to say you've marked it up correctly. There was a sizable break but then price pulled back, formed an M then moved lower again. I'm still trying to understand level resets but I think this is what has happened here, a reset. So your '2' should also be a '1', that is, there are two level '1'.

Cheers,
BobbyT
Author:  BobbyT [ Sat Aug 06, 2016 11:30 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

xrismak » Sat Aug 06, 2016 8:33 am wrote:
sympathy » Tue Aug 02, 2016 4:40 pm wrote:some of you are still counting this stuff wrongly. use your one hour tf to get the real level count then move down to 15mins and wait for M/W pattern OK. its easier to see the levels in 1hour tf. Welcome guys......

Soulful Sympathy,

How far my Guy, ehhh somehow they will Eventually Get the Concept if we keep on Posting Charts with Results that Inspire them to think Hard, Look and Learn...

Yesterday GBP-CAD :


First Bunch of Buys Today on GBP-CAD:


Second Phase of Buys Today on GBP-CAD :



Happy Trading Folks,

xrismak ;)
Hi Xrismak,

In your 3rd chart, it looks like the bottom positions (
Author:  Piter80 [ Sat Aug 06, 2016 6:04 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

USDCHFH1.png
Author:  dydynamic [ Sat Aug 06, 2016 8:40 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Mapping
Author:  ikdenk [ Sat Aug 06, 2016 9:08 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Why would you sell against a level 1? Maybe for a scalp?
Author:  dydynamic [ Sat Aug 06, 2016 9:17 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

mapping 2
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