The Captains Chest - Naked Trading & Other Stuff

[dudest]

Dudest

you are still on eurusd in sell?

Sorry, just seeing this.

No, closed my shorts last night.

Thought it would retrace more before continuing UP (dominant cycle) but it just bobbed about, so I closed and resumed longs

NB: price could still crash down temporarily ( wicked hunt / pins ) before resuming up. I don't mind the draw-down so long as I'm in the correct cyle

Cheers

20160908 - eurusd - h1 - levels - longs.png

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[mtl]

Dudest

you are still on eurusd in sell?

Sorry, just seeing this.

No, closed my shorts last night.

Thought it would retrace more before continuing UP (dominant cycle) but it just bobbed about, so I closed and resumed longs

NB: price could still crash down temporarily ( wicked hunt / pins ) before resuming up. I don't mind the draw-down so long as I'm in the correct cyle

Cheers


.

Thank you for your explanation

[dudest]

Noucha,

Heres how I see it, just watch out for pins in on the daily chart in this area bc we are approaching a previous level.

I'm not sure about 3-level counts on higher TFs ( daily, weekly )

I think CJ said something about it... lemme see if I can find it

[dudest]

Noucha,

Heres how I see it, just watch out for pins in on the daily chart in this area bc we are approaching a previous level.

I'm not sure about 3-level counts on higher TFs ( daily, weekly )

I think CJ said something about it... lemme see if I can find it

This seems to support you ( on Weekly counts ): http://www.stevehopwoodforex.com/phpBB3 ... 79#p130679

weekly level counts.png

PS: searching through posts reminded me I really need to go over the thread again; alot that didn't makes sense months ago will probably click now

[Noucha]

Noucha,

Heres how I see it, just watch out for pins in on the daily chart in this area bc we are approaching a previous level.

I'm not sure about 3-level counts on higher TFs ( daily, weekly )

I think CJ said something about it... lemme see if I can find it

I remember him kept repeating the same patterns can be found on all time frames.
This is how I view AU on the daily chart. We were trading against a higher time frame cycle as rambo06 said.

[rambo06]

This seems to support you ( on Weekly counts ): http://www.stevehopwoodforex.com/phpBB3 ... 79#p130679



PS: searching through posts reminded me I really need to go over the thread again; alot that didn't makes sense months ago will probably click now

Yeah they work a little differently and take some getting used to. I learned from watching sympathy a while back

& Hahaha Dudest theres so much info on this thread I know exactly where your coming from..

[Noucha]

Noucha,

Heres how I see it, just watch out for pins in on the daily chart in this area bc we are approaching a previous level.

I'm not sure about 3-level counts on higher TFs ( daily, weekly )

I think CJ said something about it... lemme see if I can find it

I remember him kept repeating the same patterns can be found on all time frames.
This is how I view AU on the daily chart. We were trading against a higher time frame cycle as rambo06 said.

The weekly time frame now screaming bullish bullish

[Noucha]

USDCHF update:

The pair is now on its way to 73.6fib/ADR combo level.
1- The agressive trade: Buy limit at that level and TP at 62.8 for 40 pips profit
2- The safe trade: Wait for more confirmation and pin the Fox ass at the 2nd leg of the W
Let's see how it goes

[Noucha]

ADR aligned with 73.6 fib retracement level

Looking good.

Doesn't reconcile with EU to a point [ if EU is still to go up, 'C' on USDCHF won't hold ]

But no matter, we'll trade what we see


.

Dudest,

I don't remember CJ using correlation when trading. Every pair is on its own cycle

[rambo06]

USDCHF update:

The pair is now on its way to 73.6fib/ADR combo level.
1- The agressive trade: Buy limit at that level and TP at 62.8 for 40 pips profit
2- The safe trade: Wait for more confirmation and pin the Fox ass at the 2nd leg of the W
Let's see how it goes

Just keep an eye on the monster T.V. their building..

All the best