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The Captains Chest - Naked Trading & Other Stuff
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Author:  sympathy [ Wed Jun 24, 2015 8:31 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

patmontes » Wed Jun 24, 2015 6:56 pm wrote:
sympathy » Wed Jun 24, 2015 4:33 pm wrote:
patmontes » Wed Jun 24, 2015 5:27 pm wrote:PPoS took a buy when stop got hit... now I know there will be a drop haha :good:
since this is on D1 it will take awhule awhile i think...
NICE ONE but a bit late. check mine
True!!! :good:

How do we know where to TP? Looks like a long way down looking at D1?
for longer term trade I use the next D1levels as tp. for 15mins trade I wait until price start retracing against me but sometimes I don't use them at all.
Author:  sympathy [ Wed Jun 24, 2015 8:33 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

adp » Wed Jun 24, 2015 6:50 pm wrote:
sympathy » Wed Jun 24, 2015 2:41 pm wrote: hahaha great work adp.nice entry.
Lots of new faces here recently.. It's great to see isn't it. :good:
yeh adp I even invited some guys yesterday.
Author:  sympathy [ Wed Jun 24, 2015 8:57 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

i need to rest for this stuff
Author:  tienhafx [ Thu Jun 25, 2015 4:31 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

sympathy » Tue Jun 23, 2015 10:27 pm wrote: you mean high of the day HOD/LOD
Sympathy,
The word ""flip"" zone means the zone price run around it so many time both up and down right?
and How to you know it is W or M? Because It can change so fast from W to M or reversal.
And your indicator I change all to active but do not have any line was draw?
Thanks for your help
Author:  Occam [ Thu Jun 25, 2015 5:23 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

I have a question regarding levels. Attached is the GU H1. There are 3 three fairly easily identifiable levels and then a substantial stop hunt back into the heart of level 2. PA hesitates for a few candles and then turns with the trend and makes a new lower level. Would this new level be considered Level 4 or reset Level 1?

My understanding is that you reset to Level 1 only when you have a proper level created above the last level 3, but I don't think those few candles at "A" qualify as a new higher level, for that to be new level it should look substantial, quite a few candles. So the lowest level is really a level 4? Any advice much appreciated! Cheers
Author:  sympathy [ Thu Jun 25, 2015 7:31 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Occam » Thu Jun 25, 2015 6:23 am wrote:I have a question regarding levels. Attached is the GU H1. There are 3 three fairly easily identifiable levels and then a substantial stop hunt back into the heart of level 2. PA hesitates for a few candles and then turns with the trend and makes a new lower level. Would this new level be considered Level 4 or reset Level 1?

My understanding is that you reset to Level 1 only when you have a proper level created above the last level 3, but I don't think those few candles at "A" qualify as a new higher level, for that to be new level it should look substantial, quite a few candles. So the lowest level is really a level 4? Any advice much appreciated! Cheers
Hi Occam from your chart level two starts from letter A. so you have two more levels down from A. hope it helps.
Author:  sympathy [ Thu Jun 25, 2015 7:32 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

waiting for this
Author:  szfxtrader [ Thu Jun 25, 2015 7:35 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

sympathy » Wed Jun 24, 2015 4:59 pm wrote: I watch more than 20pairs but I look for perfect signals. I take trades from the tops/bottoms. don't worry when you get used to the method you can handle as many as you can.
Thank you!
Author:  szfxtrader [ Thu Jun 25, 2015 7:39 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

I am also watching it too. : )
Author:  sympathy [ Thu Jun 25, 2015 7:48 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

tienhafx » Thu Jun 25, 2015 5:31 am wrote:
Sympathy,
The word ""flip"" zone means the zone price run around it so many time both up and down right?
and How to you know it is W or M? Because It can change so fast from W to M or reversal.
And your indicator I change all to active but do not have any line was draw?
Thanks for your help
Here is a UJ 15mins chart. you will see a flip area [resistance] were price respect so in this chart am expecting M formation in that area. you just have to train your eyes to see this ok. practice...practice ...practice. CJ calls those areas COMMON GROUND.
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