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| The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572 |
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| Author: | intcust [ Wed May 01, 2013 3:58 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
a dragon is a dragon a W is a W a M is a M trade what you see not what you want |
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| Author: | intcust [ Wed May 01, 2013 4:34 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Here is what I get. It looks like a dragon set up on eru $ on daily. But of coarse the fox is at work so I look for it to hit at least 1.28 double top on daily forming a nice M plus May is usually a $ strong month yen has trouble in May so I might short the Yen as well. The fox does not play far so trade what you see. If you are the fox old habits die hard. Suck in everyone over the summer (they claim is slow) then blast them in the fall and take there money. I am always wrong so you should buy the ero since I am selling. |
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| Author: | FlyHighDrifter [ Wed May 01, 2013 9:21 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Granted today is probably a bit of a risky trading day, but I'm giving this a go with a fairly tight virtual stop as in my eyes the levels look pretty clear Cheers, Fly |
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| Author: | intcust [ Wed May 01, 2013 2:29 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Sorry, I reviewed my chart and there is no dragon at least yet. You need a double bottom and we do not have it on the ero$. It does seem to be hitting resitance at current level and could come back and create the double bottom. More lilkley it will move the three levels and and we are in the second level if I am understanding that correctly. CJ you input here. Chart needs to look like below for dragon. |
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| Author: | FlyHighDrifter [ Wed May 01, 2013 5:05 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Intcust, EurUsd is harder to interpret in terms of levels: the master has even mentioned this himself - there seems to be more moves to disguise the foxes work on this pair. I'm not 100% clear as to which level EU is currently at, it is at a very volatile area (near 1.3000 and this end of month week is always going to be an extra choppy one). If it helps anyone then here is my analysis of it at the moment, hopefully not too far off the mark but my closing statement would be this: I am not certain as to the levels of the EU at the moment so in my trading I shall be waiting for a more accurate setup on another pair...go with the high probability trades. Good luck buddy Fly |
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| Author: | chosen.bless [ Wed May 01, 2013 6:55 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
hi captain i have been observing the charts and i notice that sometimes the 3 day levels reverse will take place over 4 or 5 days. one or two days in between not having higher or lower price action(no higher or lower push in some days. if you are 2 day levels up and no push on the 3rd day should i look for the 3rd level on the 4th or 5th. |
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| Author: | intcust [ Wed May 01, 2013 11:26 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Fly, WOW thanks for the chart. Very in depth. I am holding small position on the sell moved target back to just above 1.3050. Probably should cut bait and might if it hits brake even tonight might not also will depend on what the chart looks like at the time. Your chart(s) are helping me see the levels and pushes. I trade mainly short term scalps so this longer term is a little different for me. 1 min all this comes and goes so fast you really have to be on top of it and know it no time to study it. Thanks, intcust |
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| Author: | intcust [ Wed May 01, 2013 11:29 pm ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Fly, I took your eur gbp was up about 10 pips quick now down a few looking for 100 pips. Do you think that is to far out? Not sure how to measure the moves. Thanks, incust |
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| Author: | Captain Jack [ Thu May 02, 2013 12:43 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Yes, 3-5 days, "normally 3".... You should look for signs of reversal, if none appear....then look for further rise....chop arrives at the 3rd level...may cover several days on the 3rd level, gathering new orders before next cycle begins... CJ |
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| Author: | Captain Jack [ Thu May 02, 2013 12:48 am ] |
| Post subject: | Re: The Captains Chest - Naked Trading & Other Stuff |
Nice chart and good work....I'd forget about BARF and work on this..... too much crap in the game ends the game.... Note. A week is 5 days....ANY 5 days....not from Monday to Friday....HOW can be located on Thursday or Friday going forward.... Notice the chop for days at the bottom.... CJ |
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