stevehopwoodforex.com • The Captains Chest - Naked Trading & Other Stuff

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dudest [ Wed Dec 31, 2014 6:48 pm ]

Post subject:

The Captains Chest - Naked Trading & Other Stuff

Jurij » Wed Dec 31, 2014 8:21 pm wrote:
Hey daggerfall what is your experience with this kind of setups. Are they more often correct than not? I tried to look for hours on the 1 min and 5 min chart for repeating pattern on 1H and 4H chart. Have yet to find one. Really hard .

...

You're not alone. Tried and tried. Finally quit and decided to stick with what worked for me

I was making one big mistake though...pattern matching instead of pattern recognition ( same,same but different)

After that eye-opener not too long ago, started saving tick charts from NetDania. Slowly by slowly I hope I'll start seeing the progression from tick chart (baby) maturing into old man (D1)

I used to wish guys already doing it like @daggerfall would post more & show things plainly [ e.g, like show the reference pattern along with projected map, etc ].

FWIW, I'm past that now. Patterns are patterns, whether taken from smaller TF and applied to higher TF, or used repeatedly by the Fox on the same TF (channels, A-Ks, Fib retracements, TVs, whatever). I'll make money with the tools I have available

Will be sure to post anything interesting I see on the tick charts side...

Cheers

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The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572	Page 504 of 1600

Author:	dudest [ Wed Dec 31, 2014 4:51 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Dec 31, 2014 12:51 pm wrote: dudest » Tue Dec 30, 2014 9:48 pm wrote:I'm not very good at BARF yet but that doesn't stop me from trying... ... The BARF seemed to present itself on several JPY pairs ( e.g USDJPY also ) ... Done 20141230_gbpjpy_h1_tracking_barf_3.png 20141231_gbpjpy_h1_tracking_barf_6.png .

Author:	Jurij [ Wed Dec 31, 2014 5:00 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Dec 31, 2014 9:16 am wrote: Jurij » Tue Dec 30, 2014 10:44 pm wrote: Jurij » Tue Dec 30, 2014 9:44 am wrote:Are we at level 3? Did not work out. I think fox is after resistance to accumulate more sells before going down... Hi Jurij, Looked like an 'M' was forming there, might still be in-play Personally though, I think the NZDUSD may be going higher...alot higher If I'm reading this correctly, NZDUSD H4 has just cleared Level 1 rise, currently doing Level 2 rise Lemme know what you think Cheers! Yes, could be that this is only a retracement and not a complete reversal. The M you pointed out on the 1H chart was followed by typical level 3 chop I think. My entry was on the retracement after asia consolidation. Won't hold it for other 2 levels down because of the 4H level count. Download.png Download (1).png

Author:	Jurij [ Wed Dec 31, 2014 5:15 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Dec 31, 2014 9:46 am wrote: Jurij » Tue Dec 30, 2014 10:53 pm wrote: Jurij » Tue Dec 30, 2014 1:53 pm wrote: tricky fox Hi again Jurij, GU may yet go down PS: as a personal rule, if the levels are not obvious to me when I look at the chart, I skip over to the next chart. Been skipping GU for weeks now... Unless someone posts something ( or I post something ) that triggers a second look at the chart, I don't bother [ that's why I have 25+ pairs open on my platform; it is rare not to find a trade-able setup among them all... ] Cheers Right, if not clear, better leave it alone. But this is still interesting: level3 chop 4h gbpusd.png

Author:	dudest [ Wed Dec 31, 2014 5:25 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
EURSEK H4: 20141230_eursek_h4_channel_shorts_closed.png 20141231_eursek_h4_back-to-channel_longs.png .

Author:	dudest [ Wed Dec 31, 2014 5:40 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
tienbanker » Wed Dec 31, 2014 7:49 pm wrote:The pattern repeat same with 2 cycle. Whooaah! Totally wicked! Good stuff, thanks tien

Author:	dudest [ Wed Dec 31, 2014 5:57 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
Jurij » Wed Dec 31, 2014 8:15 pm wrote: Right, if not clear, better leave it alone. But this is still interesting: I'm really praying it goes down first ( like 80pips down to the bottom of the range! ) before heading up!

Author:	dudest [ Wed Dec 31, 2014 8:18 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Dec 31, 2014 8:57 pm wrote: Jurij » Wed Dec 31, 2014 8:15 pm wrote: Right, if not clear, better leave it alone. But this is still interesting: I'm really praying it goes down first ( like 80pips down to the bottom of the range! ) before heading up! Closed all for 16% when it became apparent that a TV is in effect 20141231_gbpusd_h4_huge_pin_shorts_end_m30_view.png .

Author:	dudest [ Wed Dec 31, 2014 10:24 pm ]
Post subject:	The Captains Chest - Naked Trading & Other Stuff
Jurij » Wed Dec 31, 2014 8:00 pm wrote: Yes, could be that this is only a retracement and not a complete reversal. The M you pointed out on the 1H chart was followed by typical level 3 chop I think. My entry was on the retracement after asia consolidation. Won't hold it for other 2 levels down because of the 4H level count. 20150101_nzdusd_h4_rising_wedge.png .

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