Amit » Wed Feb 12, 2014 2:47 pm wrote:Pardon me CJ... I know you're the expert here... but i have a query. After the PL..there is a SH...then , ur first wave is actually two... going by the normal setups... which means ..we re now on the 4th run up.. ( i know it doesnt happen...but just counting )... so how does one make out... cos am pretty sure.. after the stop run ...your wave 1 ..where it ends...that would have been end of wave 2 for me ...1 up...two up..

thanks..

Captain Jack » Wed Feb 12, 2014 9:50 pm wrote:GBPUSD - The stop hunt usually occurs between the 2nd and 3rd levels, to clear out traders before the last run.

Remember the Fox is running the 1st and 3rd pushes while the retail traders are left to run the 2nd push.

CJ

PvO » Wed Feb 12, 2014 3:30 pm wrote:I am trying to read this GBNZD Daily chart as a means of education and trying to decipher what the next move will be.
The circles are areas where (breakout) longs got trapped. The rectangles are areas where shorts got trapped. The rectangle to the right was higher then before so earlier shorts could not get out BE or with profit. Now this day was a spike up. Is this short covering?
Writing this I remember reading we should not predict what is the next move but jus follow along. So, say we wanted to trade this pair, are we in a waiting mode?
Is my 'story' on the circles and rectangles correct?

Amit » Wed Feb 12, 2014 2:47 pm wrote:Pardon me CJ... I know you're the expert here... but i have a query. After the PL..there is a SH...then , ur first wave is actually two... going by the normal setups... which means ..we re now on the 4th run up.. ( i know it doesnt happen...but just counting )... so how does one make out... cos am pretty sure.. after the stop run ...your wave 1 ..where it ends...that would have been end of wave 2 for me ...1 up...two up..

thanks..

Captain Jack » Wed Feb 12, 2014 9:50 pm wrote:GBPUSD - The stop hunt usually occurs between the 2nd and 3rd levels, to clear out traders before the last run.

Remember the Fox is running the 1st and 3rd pushes while the retail traders are left to run the 2nd push.

CJ

Amit » Wed Feb 12, 2014 6:47 pm wrote:Pardon me CJ... I know you're the expert here... but i have a query. After the PL..there is a SH...then , ur first wave is actually two... going by the normal setups... which means ..we re now on the 4th run up.. ( i know it doesnt happen...but just counting )... so how does one make out... cos am pretty sure.. after the stop run ...your wave 1 ..where it ends...that would have been end of wave 2 for me ...1 up...two up..

thanks..

Captain Jack » Wed Feb 12, 2014 9:50 pm wrote:GBPUSD - The stop hunt usually occurs between the 2nd and 3rd levels, to clear out traders before the last run.

Remember the Fox is running the 1st and 3rd pushes while the retail traders are left to run the 2nd push.

CJ

Captain Jack » Thu Feb 06, 2014 4:43 am wrote:I don't know why you folks TRY to make this harder than it has to be....if you don't understand 3 levels maybe you can follow 1-2-3-4-5 easier....CJ

daggerfall » Thu Feb 13, 2014 9:16 am wrote:I'm done : )
Now I will wait for M
USD/PLN in progress

Captain Jack » Wed Feb 12, 2014 8:57 pm wrote:
Looking toppy here...

CJ