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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: | caveywoolpert [ Wed Sep 23, 2015 6:02 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Dunno man, your trade is a coin toss, no signals for shorts, there is strong uptrend. Maybe you ll get some pips but Dont think about reversal, there is no nice rr, only counter trend scalp. |
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| Author: | sponn [ Wed Sep 23, 2015 6:21 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hmm I wouldn't say this trade was flipping a coin. I was wrong for sure but IMO trade as taken per rules. 3 levels, nice 1H candle. My reasons here |
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| Author: | IamTHAT [ Thu Sep 24, 2015 5:11 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
My thinking is that reversal depends on maximum activity around the price previously and in this case it is around 1.6110 where there was more participation. Purely my hunch |
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| Author: | sponn [ Thu Sep 24, 2015 5:27 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Trying again. Now it is double top on 1H. Nice rr again. Here is a pic. |
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| Author: | botrak [ Thu Sep 24, 2015 9:42 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Thats what I was talking about in my thread. You already have 2 trades which hit SL [BE at best] trying to trade M and pin at your subjective level 3. You aint get explanation here why your levels are wrong. Best case scenario: "your levels are wrong, this is stophunt between level 2 and level3, look higher timeframe" and maybe someone post "correct" levels. P.S.: Sorry if my post looks offensive. |
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| Author: | Piter80 [ Thu Sep 24, 2015 10:06 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
That's why You should find map for this pair on lower tf.After 3 levels fox CAN not MUST go down,or up another level,or more. |
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| Author: | kpmoney1 [ Thu Sep 24, 2015 10:26 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Has anyone spotted GU yet it seems its finished its levels down. |
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| Author: | caveywoolpert [ Thu Sep 24, 2015 11:06 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
i expect 2 more from this M look at the downmove at the end of august, seems like this is the map |
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| Author: | blazej [ Thu Sep 24, 2015 1:11 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi Piter, I have a question regarding pattern mapping. I have wrote few PMs with daggerfall when he was active here and CJ. Dagger wrote that patterns do repeat and CJ wrote to me that higher timeframe patterns are constructed from layers od lower timeframe pattern. So they do repeat. What is your experience with that? I have mixed results. Hope that You will answer. Thanks. Cheers, Blazej |
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| Author: | Zaleske [ Thu Sep 24, 2015 1:17 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
I'd say start with recognizing the levels inscribed within the weekly cycles. Pattern mapping is a whole 'nother level, "going down the rabbit hole" as per CJ's words. I'm not very good at this either, and as far as I know, neither is sympathy, yet he is proof you can be consistent if you get the cycle right. |
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