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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:  kwanann [ Mon Dec 02, 2013 2:40 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

could be, like i said, wait for the other ear to form
Author:  Dagu [ Mon Dec 02, 2013 4:35 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Watch

EUR/USD
and
GBP/USD

fox preparing to fall
Author:  kwanann [ Mon Dec 02, 2013 7:09 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

daggerfall wrote:Watch

EUR/USD
and
GBP/USD

fox preparing to fall
i would rather wait for pins to form and then go long..
Author:  Nipponho [ Mon Dec 02, 2013 4:04 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

kwannan de barbrian, i thought we are supposed to trade away from peak formation and not towards it?

I find m & ws analysis is very subjective, different people see differently. Same for level counting, not so simple and straight forward.
Author:  kwanann [ Mon Dec 02, 2013 9:40 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

Nipponho wrote:kwannan de barbrian, i thought we are supposed to trade away from peak formation and not towards it?

I find m & ws analysis is very subjective, different people see differently. Same for level counting, not so simple and straight forward.
Nipponho

For me, its simply a replay of the pattern of GU from around 2 months back..

As for the rest, it all depends on the TF you are looking at. A M on the M15 can play out to a L2 on the H1 to a L1 on the H4 to a W on the D1 etc...

The trade duration also matters as well, for a M15, go ahead and take a short if u see the M. In this case i dont see much of any M, just a spike high to capture the longs, torture them by reversing 60 or so pips (probably to MC some traders)

This *should* be followed by an eventual spike LOW and then reverse back into uptrend on the higher timeframes

I'm only looking for a short at 1.68, anything below for me is still a long position

Cheers :)
Author:  djhenry1981 [ Mon Dec 02, 2013 9:57 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

kwanann wrote:
For me, its simply a replay of the pattern of GU from around 2 months back..
Which TF do you mean?
Author:  kwanann [ Mon Dec 02, 2013 10:10 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

djhenry1981 wrote:
kwanann wrote:
For me, its simply a replay of the pattern of GU from around 2 months back..
Which TF do you mean?
M15 and above..

I'm using H4 to illustrate, but the pattern playout is the same in the other TF. arrow indicates rough location of current pattern playout
Author:  djhenry1981 [ Mon Dec 02, 2013 10:52 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

kwanann wrote:
djhenry1981 wrote:
kwanann wrote:
For me, its simply a replay of the pattern of GU from around 2 months back..
Which TF do you mean?
M15 and above..

I'm using H4 to illustrate, but the pattern playout is the same in the other TF. arrow indicates rough location of current pattern playout
Thanks mate, it's clear as day now!
Author:  SteveHopwood [ Tue Dec 03, 2013 11:35 am ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

I am asking those of you who have not already seen this post http://www.stevehopwoodforex.com/phpBB3 ... =10&t=3302 to read it please.

:D
Author:  Nipponho [ Tue Dec 03, 2013 4:41 pm ]
Post subject:  Re: The Captains Chest - Naked Trading & Other Stuff

NY time 11.40am. GBPCad 3 legs. Many pins on m15
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