The Captains Chest - Naked Trading & Other Stuff

[dudest]

Can i ask Dudest ,
Why you short EURUSD now? I though we still In 4H level 3 Up- and in 1H frame start Level 3 up .So ,i though we need to have
4H level3 Makes HH than Previous level ?

Thank you

Well, to be honest, I was expecting a "3" up there ( ref. my charts from today morning )

Then there's that wavy pattern that they like using from time-to-time

So when that first pin appeared, started loading up on shorts.

When pins appear, it's time to change direction

PS: I could be wrong about the "3", it could end up in a few hours being a glorified stop-hunt. But those were my reasons

20160908 - eurusd - h1 - levels - shorts2.png

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[fahedksa]

Well, to be honest, I was expecting a "3" up there ( ref. my charts from today morning )

Then there's that wavy pattern that they like using from time-to-time

So when that first pin appeared, started loading up on shorts.

When pins appear, it's time to change direction

PS: I could be wrong about the "3", it could end up in a few hours being a glorified stop-hunt. But those were my reasons


.

Thank you brother

[dudest]

AUD pairs may be setting up a market-maker cycle.

We are still in very early London (perfect time)

Waiting for confirmation PINS or M to form to to short

Taken earlier



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20160908 - audusd - m15 - mmdc - outcome.png

20160908 - audjpy - m15 - mmdc - outcome.png

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[dudest]

The weekly time frame now screaming bullish bullish

True about the 'W' and the bullish cycle that's already done a Level 1

However, there's nothing to stop them from doing a wedge / trapping volume here, before continuing up later...

[ though on the other hand, there's nothing to stop them from shooting price straight up either! ]

Time-frame makes the difference [ M15 -vs- Weekly ]

AUDUSD:

Time-frame makes all the difference

20160908 - audusd - w1 - levels.png

20160908 - audusd - h1 - shorts.png

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[dudest]

EJ and CJ setting up for level shorts

20160908 - eurjpy - h1 - levels - shorts.png

20160908 - chfjpy - h1 - levels - shorts.png

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[dudest]

Observations from past week:

[*]EURUSD is lagging behind GBPUSD
[*]NZDUSD is lagging behind AUDUSD


If I'm not wrong, this is where NZDUSD and AUDUSD are at:

20160908 - audusd - h1 - leading nzdusd.png

20160908 - nzdusd - h1 - lagging audusd.png

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[fahedksa]

Well, to be honest, I was expecting a "3" up there ( ref. my charts from today morning )

Then there's that wavy pattern that they like using from time-to-time

So when that first pin appeared, started loading up on shorts.

When pins appear, it's time to change direction

PS: I could be wrong about the "3", it could end up in a few hours being a glorified stop-hunt. But those were my reasons


.

Dudest,
Just a question, For me i am focus only on trading EURUSD for now to practice and study chart and behavior.
EURUSD as you said fall down inside Asia range and in 1H chart price makes 3 levels up (With note on today level that price return and looks like gone close inside Asia range ).
So,What we are looking now? Do we still looking to level up to finish the 4H cycle at Friday?
Thank in you in advance.

[fiox]

hey guys how are you? I'm back to forex

[dudest]

hey guys how are you? I'm back to forex

Welcome back sir :hi:

Great trades too! ( Post more! )

[dudest]

Dudest,
Just a question, For me i am focus only on trading EURUSD for now to practice and study chart and behavior.
EURUSD as you said fall down inside Asia range and in 1H chart price makes 3 levels up (With note on today level that price return and looks like gone close inside Asia range ).
So,What we are looking now? Do we still looking to level up to finish the 4H cycle at Friday?
Thank in you in advance.

Hi,

I want you to do this:

1) Open GBPUSD, AUDUSD, NZDUSD and EURUSD in H1 only. Remove everthing from your chart.
2) Scroll the first three a few days back
3) Take a long hard look at all 4, one after the other (follow the peaks and troughs, and tell-tale spikes, etc )

Tell me what you see
.