The Captains Chest - Naked Trading & Other Stuff

Post by **sympathy** » Tue Aug 25, 2015 1:10 pm

blazej » Tue Aug 25, 2015 11:28 am wrote:Hi caveywoolpert,

CJ words from pdf provided by nkosi1.

You won't always get "M" and "W"'s on all stages on a move. The best place for them is at the 3rd level. You will get RRT and "pins" which you can use as clues to possible price reversals. You need to watch for stop hunts and don't trade the Asian range....wait for price to move 25-50 pips above or below Asian for a set-up. A 3 push, 50 pip move out of Asian isn't something you want to trade....it's a set-up that draws in breakout traders, you want to watch for price reversals after these "false moves" happen.

There are multiple 3 level rise or drops....On the weekly cycle, there is a 3 day cycle that corresponds to 3 days of rise or fall... reversal may come after the 3rd level....when it does, the 3rd level becomes the 1st level in the new 3 day cycle... You will find more quality "M" and "W" patterns on this 3rd level if it is the reversal level...straight away trades tends to occur from this level as well if they already have adequate volume trapped there already.

Price spikes down once to the low, but fails to form the "W"...price spikes once high but fails to form the "M"....this is after the Asian session when the range has been set.....NO STOP HUNT Failed "W" - straight away up.....failed "M" - straight away down. Sometimes they will blow the range box out to cover this....and what looks like a stop hunt but it not .The FOX is sly and deception is his nature.

Hahahaha dis reminds me when i was struggling to understand mr fox

Post by **sympathy** » Tue Aug 25, 2015 1:12 pm

blazej · Post by **blazej** » Tue Aug 25, 2015 1:19 pm

I am still struggling. But thanks to all of You here I am getting closer each day.

Post by **sympathy** » Tue Aug 25, 2015 1:21 pm

New level one established

Post by **sympathy** » Tue Aug 25, 2015 1:27 pm

blazej » Tue Aug 25, 2015 2:19 pm wrote:I am still struggling. But thanks to all of You here I am getting closer each day.

hey bro, you don't have to struggle anymore just choose a pair, goto daily time frame of that pair then wait until you see a 3day rise or 3day fall in price. the third day will give you a reversal then wait for M/W pattern ok. thats just it. practice with the style ok

Post by **sympathy** » Tue Aug 25, 2015 3:51 pm

EU is back homeTaking profit

Post by **sympathy** » Tue Aug 25, 2015 3:59 pm

USDCHF

Zaleske · Post by **Zaleske** » Tue Aug 25, 2015 4:09 pm

Piter... How about this? Would that work?

Screenshot_2015-08-25-18-07-30.png

blazej · Post by **blazej** » Tue Aug 25, 2015 4:10 pm

Thanks for Your advice Sympathy. We choose the same patterns but I manage only one at a time with different results. But I am really satisfied with learning curve. And really enjoying it.

rambo06 · Post by **rambo06** » Tue Aug 25, 2015 4:25 pm

sympathy » Tue Aug 25, 2015 3:59 pm wrote:USDCHF

Hey Guys,
I have been a long time lurker just reading all of the pdf's and finally made it through this whole thread a few weeks ago. I would like to say thank you to CJ & sympathy and all of the contributors for your non-stop efforts it is unbelievable and greatly appreciated. I started trading a micro account with this method when i was about half way through reading all of the pdf's and found myself doing quite well actually. Now that it has been a month or two of trading this micro account I am hoping I can switch to my real account and have the same results although I still have learning to do before that happens.

If I may ask Sympathy, I saw this last chart you posted of USD/CHF and just have a question about why you decided on this entry. When I look at this chart it appears to me that it is currently at Level 2 on the 4H cycle. Are you trading the retrace here of the 4 hour Level 2? or did you see something else as a reason to take this trade? Thank you in advance for your response, and I truly admire all of your brilliant work.

I wish nothing but pips to all of you,
Rambo