The Captains Chest - Naked Trading & Other Stuff

ckim05 · Post by **ckim05** » Fri Sep 16, 2016 1:29 am

Thank you Dudest for the explanation. Much appreciated.

dudest · Post by **dudest** » Fri Sep 16, 2016 1:55 am

dudest » Fri Sep 16, 2016 4:12 am wrote:I wonder...

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Ah hahahaa!

20160916 - GBP - cycle.jpg

20160916 - gbpusd - h1 - cycle.png

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mtl · Post by **mtl** » Fri Sep 16, 2016 6:41 am

Dudest

Could formation abc, hmm

everything looks the same and familiar

dudest · Post by **dudest** » Fri Sep 16, 2016 7:38 am

mtl » Fri Sep 16, 2016 9:41 am wrote:Dudest

Could formation abc, hmm
everything looks the same and familiar

Nice

PS: i think the ticking down currently on the Yens, Gbp's is a London open hunt.
I think they'll reverse and move up (sooner rather than later) for some nice pippage

THIS IS NOT TRADING ADVICE, just an opinion

Cheers

20160916 - audjpy - m30 - abc longs.png

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mtl · Post by **mtl** » Fri Sep 16, 2016 7:56 am

dudest » Fri Sep 16, 2016 8:38 am wrote:
mtl » Fri Sep 16, 2016 9:41 am wrote:Dudest

Could formation abc, hmm
everything looks the same and familiar
Nice

PS: i think the ticking down currently on the Yens, Gbp's is a London open hunt.
I think they'll reverse and move up (sooner rather than later) for some nice pippage

THIS IS NOT TRADING ADVICE, just an opinion

Cheers

.

my friend exactly too, so I think

you are amazing, thank you

mtl · Post by **mtl** » Fri Sep 16, 2016 10:41 am

Dudest

Please tell me what this cable is now doing???

ckim05 · Post by **ckim05** » Fri Sep 16, 2016 8:34 pm

Once a level is reached, how do you determine how much the retracement is going to be? Do you normally follow a smaller TF cycle for retrace? For example, if you have level 1 on H1, can I take a look at M15 and see if I can find 3 pushes as the retrace? I know CJ talked alot about the asian session, expansion, then stop hunt, and wondering if that's applied for levels...?

Or is it simply the common FIBO lines like 50% and 61.8%? Or is it about RRTs and reversal candle patterns? Or M/W after stop hunt? Or best of all, is it all of these methods to determine the peak of the retrace???

I know nothing is written in stone but some guidance on navigating level retracement would be great when trying to stack trades.... I know beginners shouldn't place their trades within cycles and only place them from peaks but thought I'd ask this anyways...

Thanks again everyone for answers and wishing all a wonderful weekend.

eresz · Post by **eresz** » Sat Sep 17, 2016 6:23 am

mtl » Fri Sep 16, 2016 10:41 am wrote:Dudest

Please tell me what this cable is now doing???

I guess that lvl 1 up was just a huge stophunt...
Hit them LOW, hit them HIGH, then DIE!
But who knew it...

Innate · Post by **Innate** » Sun Sep 18, 2016 9:03 am

Hey guys can anyone give me some input to the attached please? I was expecting price to rise on Friday (EURUSD) but maybe I have my count wrong.

How do you see it??

Thank you.

dudest · Post by **dudest** » Sun Sep 18, 2016 7:39 pm

eresz » Sat Sep 17, 2016 9:23 am wrote:
mtl » Fri Sep 16, 2016 10:41 am wrote:Dudest

Please tell me what this cable is now doing???
I guess that lvl 1 up was just a huge stophunt...
Hit them LOW, hit them HIGH, then DIE!
But who knew it...

I honestly can't believe I counted this wrong

20160918 - gbpusd - h4 - levels.png

Won't be surprised if it goes up back to where the *4* this to form an A-B-C before going back down

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