The Captains Chest - Naked Trading & Other Stuff

[caveywoolpert]

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GU

[BenSD]

Please is this a correct count On the NZDUSD and Please Can someone dudest sympathy occam adp help me with adetail count on this pair on a 4hr and daily chart 2015 04 22 down to todays date 2015 07 17

When should we say that the trend from 2015 04 22 has changed and is possibly over?
Thank Guys for your support to a newbie like me.

[Occam]

Please is this a correct count On the NZDUSD and Please Can someone dudest sympathy occam adp help me with adetail count on this pair on a 4hr and daily chart 2015 04 22 down to todays date 2015 07 17

When should we say that the trend from 2015 04 22 has changed and is possibly over?
Thank Guys for your support to a newbie like me.

Hi Ben

I've got the same H1 chart as you. Here's how I have my charts. As to how to tell when the trend is over, well clearly the NU has been in a big trend short for a long time now so we should go to a higher TF to see if we can see where it may meet support/consolidation which may stop the trend. On the W1 I see 2 areas of interest and we nearing these areas now. But remember this is a weekly trend, it probably wont turn on a dime!
W1

20150718_1008 NU W1.jpg

On the D1 we can easily see PA is thru level 2 and making a level 3 fall. But's hard to identify pushes in this last move to make L3.
D1

20150718_1012 NU D1.jpg

On H4 I had an L3 temporarily marked. The counts are a bit difficult to identify on this TF so wasn't sure if I had them right. So I was ready for a W with decent pins to go long if it presented itself. But I will still be looking for M shorts at HOD and in a good areas because of the trend.
H4

20150718_1014 Nu H4.jpg

If you see on left of my H1 chart I had an L2 and L3 fairly close together. This was where I also marked my temporary H4 L3. But I've learnt to be suspicious of levels close together as usually it means one the levels is incorrect (insufficient pushes) so I was still open to shorts. Also haven't seen any decent long pins yet to indicate the end of a trend. Then PA made an L1 short and an L2 short to current lows.
H1

20150718_1021 NU H1.jpg

So yesterday because I figure we are still at H1 L2 looking for L3, I'm looking for an M15 M at HOD. We got a messy M but with lots of pins at range high and HOD, but I didn't take it short because it was just before news. But I'm learning that these setups often occur before news.
M15

20150718_1026 N M15.jpg

Also remember to differentiate between pushes and levels, don't mix your terminology or it can get confusing. Normally 3 pushes to a level whatever the TF. But some pairs it can be hard to see pushes or there are more pushes to an obvious level. I usually look for visual levels first on a TF (I go top down H4 to M15) and then if struggling with that go to the push counts. And then use push counts and HOD/LOD on M15 to identify good W and Ms. It's what's working for me at the moment but I still need to improve a lot on this, still learning, as in this case where my temporary H4 L3 wasn't quite right! I look for my H1 3 level to be the same as a level on H4, if not then something may be wrong with my count.

After a trend like this I would expect some decent pins and a selling climax (using Wyckoff terminology) to indicate the ending of such a big trend. Hope that helps!

[BenSD]

My few thoughts about the hole system are most importantly
1) To Know where u are in the cycle and trade with the cycle
2) Master the Track of the Fox and the Only way to Be good at this is to use your Volume indicator to see the contract that are made and the Price action from the candle stick that follow.
Thanks to CJ and many other article that has thought me Volume analysis and the Wyckoff Accumulation and distribution, and Make up Cycle of The market.
I have done enough reading its time to apply with my Supply and Demand strategy i feel so much good to go less of an aggressive trader now and more conservative..... eeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaa.... .
New bies Can read a little on Wyckoff Primary market Cycle from this FF link http://www.forexfactory.com/showthread.php?t=369763 and watch on youtube the truth behind price movement here it will do you a great deal [youtube]https://www.youtube.com/watch?v=gBQCBnM7SqY[/youtube]

[websie]

I've been re reading again and againg the PDF, here is my take on the EURAUD M15 this morning. Let's see if it works out. I bought a little early the 1st time so have gone in again, Day low, looks as if the sellers are trapped, candles making HL and pinning, plus we are at day low

[websie]

My few thoughts about the hole system are most importantly
1) To Know where u are in the cycle and trade with the cycle
2) Master the Track of the Fox and the Only way to Be good at this is to use your Volume indicator to see the contract that are made and the Price action from the candle stick that follow.
Thanks to CJ and many other article that has thought me Volume analysis and the Wyckoff Accumulation and distribution, and Make up Cycle of The market.
I have done enough reading its time to apply with my Supply and Demand strategy i feel so much good to go less of an aggressive trader now and more conservative..... eeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaa.... .
New bies Can read a little on Wyckoff Primary market Cycle from this FF link http://www.forexfactory.com/showthread.php?t=369763 and watch on youtube the truth behind price movement here it will do you a great deal [youtube]https://www.youtube.com/watch?v=gBQCBnM7SqY[/youtube]

Thanks BenSD for the link to those videos. very helpful

[BenSD]

Thanks BenSD for the link to those videos. very helpful

You are welcome Wesbie. I believe we are here to assist each other succeed at trading its pointless if we hide things from one another it just doesn't make sense to me.
Beside my Empty4 has been experiencing some freezing lately since i started using ''Better Volume indicator'' is anyone experiencing the same thing? I Need help please thanks guys and thanks to CJ and moderator.

[websie]

Thanks BenSD for the link to those videos. very helpful

You are welcome Wesbie. I believe we are here to assist each other succeed at trading its pointless if we hide things from one another it just doesn't make sense to me.
Beside my Empty4 has been experiencing some freezing lately since i started using ''Better Volume indicator'' is anyone experiencing the same thing? I Need help please thanks guys and thanks to CJ and moderator.

Hi BenD I have also had probs with the Empty4 freezing, have you asked your broker about it. Im with GP and both myself and a fellow trader have had some problems. I don't know if he uses the better volumes but I do. They suggested re downloading a new platform. But, before you do that, contact them and ask, they may have an answer

[BenSD]

Thanks BenSD for the link to those videos. very helpful

You are welcome Wesbie. I believe we are here to assist each other succeed at trading its pointless if we hide things from one another it just doesn't make sense to me.
Beside my Empty4 has been experiencing some freezing lately since i started using ''Better Volume indicator'' is anyone experiencing the same thing? I Need help please thanks guys and thanks to CJ and moderator.

Hi BenD I have also had probs with the Empty4 freezing, have you asked your broker about it. Im with GP and both myself and a fellow trader have had some problems. I don't know if he uses the better volumes but I do. They suggested re downloading a new platform. But, before you do that, contact them and ask, they may have an answer

yes i have contacted my broker and they ask if i was having a custom indicator or an EA install on my platform and i told them yes. Hence may be i should look for another custom volume indicator can anyone help?

[society]

yeah i was thinking if a blank chart runs well then its an indi, i use the old sonic volume indi still, btw, eu looks like its putting in some selling volume up here