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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: | IanN [ Fri Oct 23, 2015 5:45 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Joe, Captain Jack placed a lot of emphasis on ensuring that you were not trading counter to what the higher time frame was showing - well until you got really really good at this stuff. Somewhere along the way, Sympathy responded to someone's post that they should look at the Daily chart and check for three days up or down to confirm what they were seeing at the hour level. Looking at the daily charts I think that: USDJPY started the latest three move up on 21st following a period of accumulation on the 20th after the previous three moves up USDCHF - the first leg doesn't start until 20th GBPCHF - first leg starts on 21st EURUSD - First leg started on 15th and completed on 16th followed by accumulation during 19th to 21st and into the 22nd when the second leg starts I'm still learning this stuff so wait until someone like the Captain, Sympathy, Dudest or one of the other guys that are trading successfully day-in day-out can confirm what I am seeing. That way both you and I can learn from the same set of trades Regards Ian N. |
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| Author: | joe1980 [ Fri Oct 23, 2015 5:58 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Ian, thanks very much for looking at my charts and your analysis. I'll take it away and study the level count again in the context of what you've said, which all makes sense to me. Really appreciate you taking the time to respond. Joe |
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| Author: | sympathy [ Fri Oct 23, 2015 7:20 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
I dont understand your question but from the above chart everything is clear |
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| Author: | sympathy [ Fri Oct 23, 2015 7:27 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
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| Author: | sympathy [ Fri Oct 23, 2015 7:30 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
forexgeeker, please try and put your findings on chart so we will understand what you are saying ok. thanks for the info |
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| Author: | Captain Jack [ Fri Oct 23, 2015 7:40 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Always remember that there is usually a stop hunt between levels 2 and 3.... never count this as a level! -CJ- |
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| Author: | xrismak [ Fri Oct 23, 2015 10:59 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Peeps, These days I seem to just Plan my Trades and Trade my Plan irrespective of what the Fox decides to do... Before @ the Planning Stage.... The Structure of the Trade Plan....I Spoke to the Fox in my own Language.... the 3 Pushes..... and Finally Took what was Offered...... Sometimes in Trading Life, one just has to have a Plan and Stick to it No Matter what get's thrown at One by the Fox..... Happy Trading Folks, xrismak |
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| Author: | Captain Jack [ Sat Oct 24, 2015 12:23 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Well done! Now I suspect you will be looking for the "W" to form at the peak low here and maybe play the levels back up?? Anyway, the 1st penetration to the low and the formation of the "W" can be followed by a small retrace and then the drop to the 1st leg of the "W"... just a thought. -CJ- |
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| Author: | Piter80 [ Sat Oct 24, 2015 8:56 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi CJ could You say something more about price mapping?How You know which pattern is this right one?Couse it's quite easily to find map for monthly chart on D1.But when I try to find map for d1 or h4 on m15,m30 the similar patterns are usually a few.What then?how to recognize the right one pattern. All the best |
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| Author: | Captain Jack [ Sat Oct 24, 2015 8:59 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
In all honesty, you should not be mapping price. No one seems to be successful in doing so although some have come so close at times. Learn the levels and trade from those, that's where you will profit. -CJ- |
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