The Captains Chest - Naked Trading & Other Stuff

Post by **sympathy** » Mon Jul 06, 2015 10:24 am

fiox » Mon Jul 06, 2015 11:17 am wrote:Eur/Usd - 3 push + M, maybe we can expect trapping volume now? What do you think guys?

HEY FIOX what else do you want to see. they have giving us stuphunt at the top so we don't need trapping volume anymore. the direction has been established by mr fox so we have to follow him ok.

Post by **sympathy** » Mon Jul 06, 2015 10:32 am

Am expecting one more push up to complete level 3 on this pair.

Occam · Post by **Occam** » Mon Jul 06, 2015 10:34 am

klaatu » Mon Jul 06, 2015 5:58 pm wrote:
Occam » Sat Jul 04, 2015 5:37 am wrote:
I'm not much more experienced than you David at levels, so don't take this as gospel but I remember looking at the GA M15 pin at the time and thinking that that area was not the real level 3. Here's how I had the levels at the time. After that strong M15 move in one push I was expecting at least the previous M15 wick and the previous H1 highs to get tested or at least a higher second leg on your M than you had the time of your entry and then a reversal (which didn't happen), and thought it was more likely there might be another M15 push - and PA just pushed higher and I didn't see a nice entry long other than just taking the break.

Edit: I should have added that level on H1 looks like a stop hunt, which CJ said you don't count as a level
Hy Occam,

what indicator do you use for showing RDH, RDL, RWH and RWL?
I searched for a simpler one but all of them have too unnecessary additional lines.

Thanks and give us more comments on charts, they are great

Hey Klaatu

No problem. Attached is the indicator I've been using for RDL RDH etc. It's got a stack of things in it including a kitchen sink though (eg Fib levels, sessions, info panel) but I've switched most of them off. I also use it to put the 00 BRN levels on my charts and the main pivot line but that's it. It was created by Traderathome at Forexfactory and he has an explanation of the options over there if I remember correctly.

Here's a setup I followed today. An nice ABC at level 3 to go short on EA M15. Cheers.
[Edit: And if you look at the bottom where PA is now on the chart you have a 2nd leg of W to go long at a BRN and demand zone]

websie · Post by **websie** » Mon Jul 06, 2015 11:10 am

Hi, I've been lurking for a long time and would like to post this as a potential buy trade

Edit: I do think now that I put the levels 1 level up so should be down 1 level

Occam · Post by **Occam** » Mon Jul 06, 2015 11:53 am

websie » Mon Jul 06, 2015 9:10 pm wrote:Hi, I've been lurking for a long time and would like to post this as a potential buy trade

Edit: I do think now that I put the levels 1 level up so should be down 1 level

Hey Websie. Good to see some lurkers coming out of the woods! Here's how I had the AN levels, as you said, one level down from yours (with stop hunts in between). I had the W slightly different though and which also had a mini W in the second leg. And now it seems more of an ABC, but the A is not really standing out, I think a bigger wick for the A might have been better for an ABC...there have been 3 pushes down on M15 now so it may be ready to turn back up... the fox may be filling long orders just under the BRN
[Edit: also noticed that it's still making LHs though, last high was LH]

klaatu · Post by **klaatu** » Mon Jul 06, 2015 12:16 pm

Occam » Mon Jul 06, 2015 12:34 pm wrote:
klaatu » Mon Jul 06, 2015 5:58 pm wrote:
Occam » Sat Jul 04, 2015 5:37 am wrote:
I'm not much more experienced than you David at levels, so don't take this as gospel but I remember looking at the GA M15 pin at the time and thinking that that area was not the real level 3. Here's how I had the levels at the time. After that strong M15 move in one push I was expecting at least the previous M15 wick and the previous H1 highs to get tested or at least a higher second leg on your M than you had the time of your entry and then a reversal (which didn't happen), and thought it was more likely there might be another M15 push - and PA just pushed higher and I didn't see a nice entry long other than just taking the break.

Edit: I should have added that level on H1 looks like a stop hunt, which CJ said you don't count as a level
Hy Occam,

what indicator do you use for showing RDH, RDL, RWH and RWL?
I searched for a simpler one but all of them have too unnecessary additional lines.

Thanks and give us more comments on charts, they are great
Hey Klaatu

No problem. Attached is the indicator I've been using for RDL RDH etc. It's got a stack of things in it including a kitchen sink though (eg Fib levels, sessions, info panel) but I've switched most of them off. I also use it to put the 00 BRN levels on my charts and the main pivot line but that's it. It was created by Traderathome at Forexfactory and he has an explanation of the options over there if I remember correctly.

Here's a setup I followed today. An nice ABC at level 3 to go short on EA M15. Cheers.
[Edit: And if you look at the bottom where PA is now on the chart you have a 2nd leg of W to go long at a BRN and demand zone]

thank you

websie · Post by **websie** » Mon Jul 06, 2015 12:46 pm

Occam » Mon Jul 06, 2015 11:53 am wrote:
websie » Mon Jul 06, 2015 9:10 pm wrote:Hi, I've been lurking for a long time and would like to post this as a potential buy trade

Edit: I do think now that I put the levels 1 level up so should be down 1 level
Hey Websie. Good to see some lurkers coming out of the woods! Here's how I had the AN levels, as you said, one level down from yours (with stop hunts in between). I had the W slightly different though and which also had a mini W in the second leg. And now it seems more of an ABC, but the A is not really standing out, I think a bigger wick for the A might have been better for an ABC...there have been 3 pushes down on M15 now so it may be ready to turn back up... the fox may be filling long orders just under the BRN
[Edit: also noticed that it's still making LHs though, last high was LH]

Thanks Occam. I did look left on H1 and see that it's at a level, but having said that there is 1 more support level below which which it seems to have had difficulty getting below in the past. As I'd said my levels were out, so looking at your levels that would appear to indicate there is indeed 1 more level down to complete level 3 on the H1 before reversing around 1.1160.

Post by **szfxtrader** » Mon Jul 06, 2015 4:14 pm

adp » Mon Jul 06, 2015 2:10 pm wrote:Hi Everyone. I have some crazy situations going on at home at the moment, and this is why I haven't been able to be active here posting charts etc. I will be returning shortly though hopefully. You are in good hands with Sympathy anyway. Hope everyone is doing OK.

Thank you for taking time out of your busy schedule, all the best!

Post by **sympathy** » Mon Jul 06, 2015 5:29 pm

Levels