The Captains Chest - Naked Trading & Other Stuff

[zingo]

This is what I see on EURUSD?

Hello TJF
Still learning from you and many others and trying to grasp the core of the pattern
this is how i see it ,can't point E,F and the rest
any comments?

[TraderJoeForex]

Hello TJF
Still learning from you and many others and trying to grasp the core of the pattern
this is how i see it ,can't point E,F and the rest
any comments?

It's confusing because sometimes there are parts of a pattern but it is not the real thing. If you look at the original image there is a lead-in small M or W before A whichever way round you are looking. So if this is a rule then you cannot have A where you started on yours.

I am not sure my earlier W1 chart is right either though because C is lower than A.

I think MN1 is perhaps clearest and that is scary scale (in fact D will be off the chart in the sky) but it gives us an idea so whatever we see on a lower timeframe must fit into this picture?

[MikeB]

The fox has already double dipped at point D, so maybe this will get on down the road to F.

[TraderJoeForex]

what about this for EJ?

[TraderJoeForex]

EG?

[zingo]

It's confusing because sometimes there are parts of a pattern but it is not the real thing. If you look at the original image there is a lead-in small M or W before A whichever way round you are looking. So if this is a rule then you cannot have A where you started on yours.

I am not sure my earlier W1 chart is right either though because C is lower than A.

I think MN1 is perhaps clearest and that is scary scale (in fact D will be off the chart in the sky) but it gives us an idea so whatever we see on a lower timeframe must fit into this picture?

Aha much clearer thank you so much sir

[scalpz]

Thanks TraderJoe! You've renewed my interest in this pattern. I traded this pretty heavy a few months ago with some success but got burned when the breakout of K went the opposite direction of the lead in to point A vs. a continuation. Have you experienced that? or maybe I was seeing an A-K that wasn't there.
Edit: Maybe I should just stick to trading between the points.

Renewed mine too.
Had a look at that EA pair the other day. Was a rough ride for longs from K.

Cheers scalpz

[scalpz]

Then had another think last nite

20171013 A-K EURAUDproDaily.png

and a sleep does wonders, tidied up the pic above this morning and still felt HIJK was a bit rushed still.
Even though it now had better height on H.
So patience - don't rush - wait for the fox

20171013 A-H v3 EURAUDproDaily.png

Now that feels better,
exhaustion before A
A & H - good height
D broke that 200 daily ma, that stirred up the shorts & taped it again later
have E in the tumbler
E - J or K is my balance line, spaced from the ma slope

Christmas is coming, will we get K before or after


cheers scalpz

[TraderJoeForex]

It's funny. I have been redrawing all mine several times too...

[jimbob1406]

Then had another think last nite



and a sleep does wonders, tidied up the pic above this morning and still felt HIJK was a bit rushed still.
Even though it now had better height on H.
So patience - don't rush - wait for the fox



Now that feels better,
exhaustion before A
A & H - good height
D broke that 200 daily ma, that stirred up the shorts & taped it again later
have E in the tumbler
E - J or K is my balance line, spaced from the ma slope

Christmas is coming, will we get K before or after


cheers scalpz

Thx scalpz.
I think we are now in F heading to G. The reason is that the F on your chart is not higher than the A (but I am not sure if this is a rule). Anyway same result as F and H will go to balance line.

Comments on rules are welcome.