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The Captains Chest - Naked Trading & Other Stuff
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572		 Page 797 of 1600
Author:  123Reverse [ Thu Aug 20, 2015 6:15 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Zaleske » Wed Aug 19, 2015 5:31 pm wrote:
Edit: although, we could kind of see 3 pushes down already... It looks on your chart though that a level 1 has to reach a previous level 2... Is that how you do it?
Good question, I've reposted the chart to see if we can get a definitive answer. Is the low highlighted in the circle, L1?

I try to look at the angle/steepness of the up move to see if it has been broken. I use a rough trend line or to show what I'm looking at, I've now added a rough channel. You will see I have now painted an "M" on the chart.

So the question for those with better knowledge than myself - do you count the middle of an "M" as L1?

EURGBPH4.png
Author:  jedrula [ Thu Aug 20, 2015 6:35 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Good question, I've reposted the chart to see if we can get a definitive answer. Is the low highlighted in the circle, L1?

I try to look at the angle/steepness of the up move to see if it has been broken. I use a rough trend line or to show what I'm looking at, I've now added a rough channel. You will see I have now painted an "M" on the chart.

So the question for those with better knowledge than myself - do you count the middle of an "M" as L1?


I am also very interested in the answer :-)

Also in the previous cycle (29.07.2015), they pushed price from L2 to L1

We need to observe what they do at this level at M15
2015-08-20_083532.png
Author:  123Reverse [ Thu Aug 20, 2015 7:07 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
jedrula » Thu Aug 20, 2015 4:35 pm wrote:
I am also very interested in the answer :-)

Also in the previous cycle (29.07.2015), they pushed price from L2 to L1

We need to observe what they do at this level at M15
Yes. I had just turned to the H1 for an answer and found the M30 easier to post a chart off what I saw. So I'll post it anyway!

Your chart already says it all, however on the M30 I have painted a "W", to ask the same question. Should the middle of a "W" have been counted as P1?

EURGBPM30.png
Author:  jedrula [ Thu Aug 20, 2015 7:21 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
[quote=]

Your chart already says it all, however on the M30 I have painted a "W", to ask the same question. Should the middle of a "W" have been counted as P1?

EURGBPM30.png
[/quote]


In my opinion it is not the level 1 because later there was SH and reset the level.

But I'm not sure, I have no such knowledge and training fox hunting only on the demo :-)


ps
sorry for my english
Author:  123Reverse [ Thu Aug 20, 2015 7:35 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
jedrula » Thu Aug 20, 2015 5:21 pm wrote:
In my opinion it is not the level 1 because later there was SH and reset the level.

But I'm not sure, I have no such knowledge and training fox hunting only on the demo :-)

ps
sorry for my english
That's the way I have been charting it. I'm also on a demo. Hope we all get an answer, because there can be a big draw down at times waiting to see if it's a pullback or a reversal! I can see a benefit in learning to hedge.

Your English is good. At least you have learnt a 2nd language, which is more than I have.
Author:  ZumZum [ Thu Aug 20, 2015 8:56 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
cT_cs_3005157_GBPUSD_2015-08-20_11-51-37.png
cT_cs_3005157_GBPJPY_2015-08-20_11-53-08.png
cT_cs_3005157_NZDUSD_2015-08-20_11-54-04.png
Take what ya mama gave ya :clap: :clap: :clap:
P.S. maybe I'm just a lucky bugger though :shock:
Author:  forexgeeker [ Thu Aug 20, 2015 10:05 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
I'm just curious...Isn't this too obvious.? :roll:
It's a trap maybe..I don't know... :uff:
Author:  forexgeeker [ Thu Aug 20, 2015 10:23 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Hi guys,

Noob question here...when CJ says "Asian Session",is that mean a combination of Sydney session and tokyo session.?or sydney alone.? :youknow:
Author:  go4pips [ Thu Aug 20, 2015 10:37 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
USDJPYH1.png
Good morning, here you go, from Tokyo to London.
E.
forexgeeker » Thu Aug 20, 2015 5:23 am wrote:Hi guys,

Noob question here...when CJ says "Asian Session",is that mean a combination of Sydney session and tokyo session.?or sydney alone.? :youknow:
Author:  forexgeeker [ Thu Aug 20, 2015 10:47 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Good morning, here you go, from Tokyo to London.
E
.

I see...thanks a lot man... :smile:
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