The Captains Chest - Naked Trading & Other Stuff

[dudest]

Those inflection points on their 2nd cycles kinda look the same



.

I'm now convinced they're running the same pattern on EU that they've run on GU thus far

20160902 - gpbusd - h1 - leading eu.png

20160902 - eurusd - h4 - lagging gu.png

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[fahedksa]

Hi Freinds,
I wish you help me to understand these points.
EURUSD
Today we was lookinh to Level 2 UP so i wait price retrace to Fib50-76.3 and last M15 candle before news price test Fib61 abd these signal to enter long and price goes up +75 Pips but price retrace and i close trad +20 pips. So,What should give me a hint or clue that i should close these trade?

AUDUSD
As i draw on charts i was expecting Level3 down and before UK open there is small M in Frankfurt so i open short position and these trade turn lost.What is my mistakes here?
SHould i deal with XXXUSD pairs the same way as EURUSD (Leader Pair)?

Thank you all in advance

[dudest]

For example, I'm going to go out on a limb here and say that I expect the circled candle to end up as a pin


.

Didn't pin, so on to plan B, which is hold till 73.6 and if it doesn't turn there, cut losses

[dudest]

Hi Freinds,
I wish you help me to understand these points.
EURUSD
Today we was lookinh to Level 2 UP so i wait price retrace to Fib50-76.3 and last M15 candle before news price test Fib61 abd these signal to enter long and price goes up +75 Pips but price retrace and i close trad +20 pips. So,What should give me a hint or clue that i should close these trade?

AUDUSD
As i draw on charts i was expecting Level3 down and before UK open there is small M in Frankfurt so i open short position and these trade turn lost.What is my mistakes here?
SHould i deal with XXXUSD pairs the same way as EURUSD (Leader Pair)?

Thank you all in advance

@EURUSD:

IMHO, hindsight is always 20-20. A perfect trade is NEVER the goal; the idea is to make money (which you did)

It could have continued going up but maybe Fox needs to pick up more before continuing

For what it's worth, I think it's going UP this coming week

Cheers

[dudest]

20160903 - nzdusd - m30 - levels - longs.png

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[rambo06]

Hi Freinds,
I wish you help me to understand these points.
EURUSD
Today we was lookinh to Level 2 UP so i wait price retrace to Fib50-76.3 and last M15 candle before news price test Fib61 abd these signal to enter long and price goes up +75 Pips but price retrace and i close trad +20 pips. So,What should give me a hint or clue that i should close these trade?

AUDUSD
As i draw on charts i was expecting Level3 down and before UK open there is small M in Frankfurt so i open short position and these trade turn lost.What is my mistakes here?
SHould i deal with XXXUSD pairs the same way as EURUSD (Leader Pair)?

Thank you all in advance

Fahedska,

It was easier to see this move on the 15M but they did make the 3 levels down over 3 days. The last level on day 3 only went slightly below because they got what they needed and turned around quickly. Then they move up and fake the M but stop short at the ABC pattern with a nice solid pin to enter on at the C leg. This is common and happens often and is just another way they muddy up the pattern so if you commit it to memory you will make your coins back tenfold in the future

All the best,

Rambo

[dudest]

Common push formations, esp for the first push from peak low

common push pattern.png

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[Noucha]

My view on USDCAD

[michosz]

My view on USDCAD

It's my view on H1.

[dudest]

My view on USDCAD

It's my view on H1.

My view:

20160903 - usdcad - h1 - levels.png

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