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The Captains Chest - Naked Trading & Other Stuff
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Author:  dudest [ Wed Mar 25, 2015 9:29 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Mar 25, 2015 12:19 pm wrote:EURUSD

I'll wait for it to fall down first (if it happens) then enter longs (the dominant cycle) [ + have USD longs going already, so... ]


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OK, the more I look at it, the neater it looks :) Will take the shorts ( small positions first then stacked! if it goes right )
20150325_eurusd_h1_levels_view2.png
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Author:  bodring [ Wed Mar 25, 2015 9:54 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dudest » Wed Mar 25, 2015 9:19 am wrote:EURUSD

I'll wait for it to fall down first (if it happens) then enter longs (the dominant cycle) [ + have USD longs going already, so... ]


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Hi, admire the way you analyze the charts. One question though how do u determine current cycle?
Author:  dudest [ Wed Mar 25, 2015 12:48 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
bodring » Wed Mar 25, 2015 12:54 pm wrote:
Hi, admire the way you analyze the charts. One question though how do u determine current cycle?
Thanks bodring

The current cycle is the direction price is moving in after a recent reversal from a peak low/high[ I know that's very loose, but can't think of a better way to say it ]

For example: EU on H4 made a W, and levels started counting upwards. So it's basically stepping up. At L3, it could reverse, or retrace then resume the levels count

CJ preferred M15 coz 3 cycles every 3-5 days ( with 3 pushes per cycle )
Day 1: Asia: push 1, London: push 2, NY: push 3
3-5 days: 3 cycles each having 3 pushes

I personally prefer counting the cycles/levels on H1, H4 ( I usually only see it on those TFs )

PS: when price starts trending crazily, I lose count (but maybe that's just because I'm lazy)

Sorry for the long post, hope it's not made things worse...
20150325_audusd_h4_levels.png
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Author:  Piter80 [ Wed Mar 25, 2015 12:55 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
:good:

I thought counting start after peak high/low :)
But I'm no expert :)


All the best
Author:  dudest [ Wed Mar 25, 2015 2:02 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Piter80 » Wed Mar 25, 2015 3:55 pm wrote::good:

I thought counting start after peak high/low :)
But I'm no expert :)


All the best
@peak high/low: Very true, have edited post [ I find those type of questions tricky, prefer to put up a chart ]

@expert: neither am I. Lurkers just don't realize how putting your work out - and risking being critiqued / being wrong - clarifies your thinking... (mind = holy grail)

:)
Author:  bodring [ Wed Mar 25, 2015 3:45 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Thank you a lot for your answer. Now a lot is clearer.
Author:  Piter80 [ Wed Mar 25, 2015 4:09 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Very true Dudest.
Mind,MM,patience. That's what is most important.
Author:  blazej [ Wed Mar 25, 2015 8:05 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Thanks for the book Dudest. I already known that now it's me versus me, but this book gave me few hints to solve my problems. Mind games started :smile:
Author:  Piter80 [ Wed Mar 25, 2015 8:07 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
what book?
Author:  hannele [ Wed Mar 25, 2015 8:21 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
I second Pieter, what book ?

I like to thank you dudest, your charts and explanations have helped me tremendously - thank you :good:

cheers
hannele
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