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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: | rambo06 [ Tue Sep 01, 2015 10:08 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hahaha ok great, thank you as always guys. Its much appreciated. My eyes are opening more and more each day. I will continue to learn and look over all of your charts. |
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| Author: | xrismak [ Tue Sep 01, 2015 10:23 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Rambo06, Take a Look at the M5 Chart and your Eyes Might Pop Open even Better but Normally from what I understand most folks like to Take Trades off the M15 Time Frame or Charts because there is much less Noise...Price Action Wise... Happy Trading Y'all, xrismak |
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| Author: | rambo06 [ Wed Sep 02, 2015 3:58 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Xrismak, You are right my friend, eyes popped wide open Although I do try and look at most timeframes when trading this strategy I have never gone as low as the 5m chart. But the pattern really presents itself on that one. hard to miss in fact hahah |
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| Author: | fahedksa [ Wed Sep 02, 2015 4:35 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Thank you sympathy for your reply and help. I want ask about level , If we have 3 down levels so we may have another up or down 3 levels after that or after 3 down levels we most have 3 up levels? Another question: If we in level 3 down trend and as we know its started with M (which in higher TF it's RRT) ,We will wait W developing to go in up trend .So,Is it matter if W developed in Asia session or usually its not happen there? |
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| Author: | IanN [ Wed Sep 02, 2015 7:13 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Websie, apologies for that, I mistakenly used Sympathy's chart/count. However it did lead me to a couple of questions. In the chart below, where I have marked a W formed, do you start counting at point A or point B. I've been taking point B as the starting point (i.e. count 0) and counting from there. Second question (and it supposes that I have counted three up waves correctly - lets assume for now that I have): Is point C the top of the first leg of an M or do we wait for foxy to get into the hen house before we start counting. Appreciate any assistance - I am learning so much in such a short space of time. |
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| Author: | forexgeeker [ Wed Sep 02, 2015 12:29 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi Ian, Your chart will be a lot more clear if you save it directly from Empty4.. Go to File-->Save as picture-->Active chart(as is)-->Untick the 'post pic online'-->then save. Cheers p.s : I'm noobies too so can't really help you with the question..Others will.. |
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| Author: | caveywoolpert [ Wed Sep 02, 2015 12:29 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
maybe i'll catch a correction on NU |
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| Author: | fahedksa [ Wed Sep 02, 2015 12:33 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi All, Today i open trade on USDCHF 15M becuase we finished 3 up levels and we start down level , So after Asia session breakout above with 21 pips and after hours shaped M on top HOD but after i lost these trade and hit my SL. Can you please explain to me if my entry wrong ? |
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| Author: | caveywoolpert [ Wed Sep 02, 2015 12:41 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
imho you sold from level 2 counting from W on m 15 |
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| Author: | sympathy [ Wed Sep 02, 2015 12:44 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
don't take levels on 5mins time frame. i don't even take on 15mins bcos they don't respect level count. hope your stoploss is wide. |
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