Jacque wrote:

djhenry1981 wrote: Hi djhenry1981,

here are my two cents worth from what I have internalized from CJ's teachings:

1. An up or down day can be directly seen on a daily candle - check if the candle close up or down. Although CJ mentioned to reference it to peak low, I feel thatthere is no necessary need to reference it to the peak low.
2. The 3 day cycle which is referring to 3 days of rising/falling price should be taken as a guide not an absolute.
3. What I saw on level 2 was an extended accumulation zone, also note that level 2 is the retail trader's level, fox level is on 1 and 3
4. IMO, when the price went to range at level 2, we can say that the 3 day cycle has been violated and this is all right because it is not absolute. note that daily candle close up on 25 oct and close flat on 28 oct and I would not count 25 oct as rising price, I would take it as price is undergoing extended accumulation.

Btw, I am pretty new here too and I hope other forum members can feel free to add on to the discussion.

djhenry1981 wrote:

Captain Jack wrote:

Unless the close is the high or the low, it does both, so therefore am I correct to assume that the what determines an UP day or a DOWN day is the which part of the daily high or low to the close it moved the most? EG If it moves up more from the low than it does the high, then it's a UP day. If it moves a further distance from the peak high to the close than it did the peak low to the close, then its a down day? In the attached file the M which forms on the larger time frame is evident. However, it retraces down a little from the peak high, but it doesn't seem logical to count them as a down day, given the push up then slight retrace. There's more movement from the low to the close than the high to the close.

I could be completely wrong, but I think the point CJ was trying to make that price on the daily candle may not change much from open to the close, but throughout the day it can move in a direction, eg down then back up again, creating a pin bar, which could be counted as an UP day albeit the open and close were fairly similar.

I apologise for the wordiness of this post. It's hard to explain what I mean, sorry

Captain Jack wrote:It's generally 3 to 5 days of price movement in one direction, higher or lower..... and these patterns are based on the 15M or 1H time frame....

These patterns will repeat across all the time frames.... if you can't determine the PEAK LOW and PEAK HIGH...give up FOREX...

The whole premiss here is to ONLY TRADE FROM THE PEAK HIGH OR THE PEAK LOW!

Your BUY or SELL should only be placed at the PEAK HIGH OR PEAK LOW when it coincides with the HOD or LOD....

PEAK HIGH? Yes.....HOD? Yes......SELL
PEAL LOW? Yes.....LOD? Yes.......BUY

PEAK HIGH? Yes...HOD? Yes.... ADR HIGH? Yes.....SELL THE SHIT OUT OF IT!!!
PEAL LOW? Yes.....LOD? Yes.....ADR LOW? Yes.....BUY THE SHIT OUT OF IT!!!!

These are the trades that run on for days.....these are the trades that will give you R:R of 10-20 or higher and cover all your small losses, where you set that tight stop ABOVE OR BELOW THE PEAK HIGH OR THE PEAK LOW....these are the trades on which to stack additional orders, when it is moving in the intended direction....YOU GOT IT RIGHT SO LAY IT TO THEM!

There are no other trades....do not take them at any other level than PEAK HIGH or PEAK LOW....

Rise or fall is determined from the PEAK HIGH or PEAK LOW, not candle open and candle close.....

CJ

Captain Jack wrote: Your chart is very good for a newcomer here.

You are looking for the PEAK HIGHS AND PEAK LOWS....the cycle runs from 3-5 days, and it has completed in 5 days on your chart. Price rose 5 days from the PEAK LOW TO THE PEAK HIGH, and the "M" pattern formed, across 2 days, and price is falling. This is the 3 day cycle within the weekly pattern. The weekly pattern took 7 days here and the cycle took 5. Sometimes the weekly is 5 days and the cycle is 3.

Don't try to micro analyze this. Just trade the pattern/cycle WHEN it appears.

CJ

intcust wrote:cj good to see your post. been a while. Sell (buy) the shit out of it is what it is all about. I am going to cut and paste it to my notes. I as well as others have been complicating thing trying to make everyday a perfect day instead of trading what we see. Peak high hod sell it. If it gets stopped out wait and sell it again. When it runs load up and take each lot to 20 times the risk and boom your acct. doubles in no time. thanks again

monty wrote:Cj

It's good to see you back every now and then with your valuable advice.

Although I miss your marked up charts you used to post the beginning of the week. But I realize we got to learn and practice it ourself .

Thank you again Cj.