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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 1329 of 1600
Author:  dudest [ Thu Sep 08, 2016 8:58 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
mtl » Thu Sep 08, 2016 10:30 am wrote: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
.
Author:  mtl [ Thu Sep 08, 2016 9:15 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Thu Sep 08, 2016 9:58 am wrote:
mtl » Thu Sep 08, 2016 10:30 am wrote: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
Author:  dudest [ Thu Sep 08, 2016 9:43 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
rambo06 » Thu Sep 08, 2016 11:38 am wrote: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
Author:  dudest [ Thu Sep 08, 2016 10:06 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Thu Sep 08, 2016 12:43 pm wrote:
rambo06 » Thu Sep 08, 2016 11:38 am wrote: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
Author:  Noucha [ Thu Sep 08, 2016 10:08 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Thu Sep 08, 2016 9:43 am wrote:
rambo06 » Thu Sep 08, 2016 11:38 am wrote: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.
Author:  rambo06 [ Thu Sep 08, 2016 10:10 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Thu Sep 08, 2016 10:06 am wrote:
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..
Author:  Noucha [ Thu Sep 08, 2016 10:16 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Noucha » Thu Sep 08, 2016 10:08 am wrote:
dudest » Thu Sep 08, 2016 9:43 am wrote:
rambo06 » Thu Sep 08, 2016 11:38 am wrote: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
Author:  Noucha [ Thu Sep 08, 2016 10:33 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
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
Author:  Noucha [ Thu Sep 08, 2016 10:41 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Sep 07, 2016 7:11 am wrote:
Noucha » Wed Sep 07, 2016 8:37 am wrote: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
Author:  rambo06 [ Thu Sep 08, 2016 10:43 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Noucha » Thu Sep 08, 2016 10:33 am wrote: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
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