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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: | mamabear [ Tue Jun 30, 2015 2:23 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi Sympathy, would you take a look at this chart? Is this the right way to find the moves and pushes? and 2nd leg up looks like there were 5 pushes up? So is this a reversal and can we count on price to go down in 3 legs each with 3 pushes? |
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| Author: | sympathy [ Tue Jun 30, 2015 7:05 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
from that M formation, you will see 3pushes down then after that you will see another 3pushes up. if the M pattern holds then it will reverse down. the levels are ok. |
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| Author: | Pandakker [ Tue Jun 30, 2015 7:37 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi, Thank you Sympathy for posting examples, much appreciated. Still reading and looking at the charts. Took two trades today. First on the EUR/AUD Reason was that to me price was following the second push down (higher level yellow lines) after a M pattern. Enter a bit late on the second push on a lower level (red lines). Turned out ok. Second on GBP/JPY. Entered too early had to wait longer for the second leg of W pattern. Should have entered on same level as first leg of W. After all turned out ok. So need more patience. I hope I'm on the right track. Cheers |
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| Author: | sympathy [ Tue Jun 30, 2015 8:31 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
THOSE ARROWS SHOWS CHANGEOVER BETWEEN TWO FOXES. ASIAN AND LONDON FOX |
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| Author: | sympathy [ Tue Jun 30, 2015 8:38 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
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| Author: | sympathy [ Tue Jun 30, 2015 8:42 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
HEY PANDA you are getting the scope ok. weldone. your analysis is cool. let me explain something about M/W pattern. if the first leg pins very well, the second leg will not pin as much as the first and vice vaser... |
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| Author: | Pandakker [ Tue Jun 30, 2015 8:46 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi sympathy, Thanks for your reply. |
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| Author: | sympathy [ Tue Jun 30, 2015 10:48 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
hey mama, it all endup with 3pushes one level so the total of 9pushes 3levels ok. from the second movement, the part you lebel 1 is a stophunt and not a push. |
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| Author: | mamabear [ Tue Jun 30, 2015 11:03 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Thanks Sympathy, appreciate your time and expertise very much. |
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| Author: | sympathy [ Tue Jun 30, 2015 11:26 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
ACHF |
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