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The Captains Chest - Naked Trading & Other Stuff
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Author:  santos [ Wed Oct 28, 2015 10:56 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

IanN » Wed Oct 28, 2015 9:50 pm wrote:
santos » Wed Oct 28, 2015 9:03 pm wrote:Id like to ask anyone here if they would like to talk to me in detail about the cycle counting or point me to very detailed posts about it?, its the only aspect of this that i need, and cant seem to understand it fully yet, my regards :hi:
Santos, the only thing I can say is do what I am doing - practice, practice, practice.

Look over the last five to ten pages on this thread and you will get some really great advice about counting.

The thing that has been killing me is jumping into trades before the 'M' or 'W' has been confirmed. I've seen a pin, jumped in and only to see the market move against me. I then come back the next day and see that what I have counted as a level has been a stop hunt and I've then seen that the 'M' or 'W' that I was expecting didn't actually print.

I'm now doing what many guys have said already: Demo Account trading - learn what CJ has provided (surely one of the worlds greatest teachers :clap: ) and keep a record of your daily analysis.

Seeing where I (emphasis on I ) have made a mistake in level counts teaches me more than reading posts from some of the great traders on this site - because it shows me that I am still trading emotionally rather than logically. :idea:

I could (and probably am) speaking a load of old rubbish, but one day I will be here helping other people along the journey. For now, I'll study and, if I have any questions, I just know that there are some great people on this site that will answer those questions.

Regards

Ian N.
Ian, thank you so much for taking the time to write such a long and caring message, its special individuals like yourself to keep me going and that i wont forget, ill take your advice on board, thanks again.
Author:  WhoKnows [ Thu Oct 29, 2015 1:35 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

sympathy » Wed Oct 28, 2015 9:19 pm wrote:When it comes to level counting, i normally use 1hr timeframe, 3days of rise/fall in price. you don't need to concentrate on 2days or 3days number all you need is to know were you are in the circle. once price rises a day, it becomes level one, next day rise is level2 etc
Thanks mate, I will try it that way and M15 to take trades.

(I was trying to do longer term trades based on H4 and H, but success was only just above break-even. if I couldn't get my level counts perfect it caused big draw-downs.
Will try to do some trading on M15 during the night based on 3 day cycle and see if that works better. Thanks. In the end I would like to get to 4H trading, but better get the counting right first.)
Author:  Piter80 [ Thu Oct 29, 2015 5:51 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Hi CJ I have a question.
What if levels tell me Buy and it's looks quite good.Pattern map shows sell.What now?
Chart_NZD_USD_Hourly_snapshot.png
Chart_NZD_USD_Daily_snapshot.png
Chart_NZD_USD_30 Mins_snapshot.png
All the best
Author:  dudest [ Thu Oct 29, 2015 5:52 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

forexgeeker » Wed Oct 28, 2015 10:55 pm wrote:
PogMeme » Wed Oct 28, 2015 3:37 pm wrote:
forexgeeker » Wed Oct 28, 2015 5:32 pm wrote:Oh,don't you guys feel excited to wait for the topping pattern...I can't wait..lol
Beautiful isn't it... :lol:
Genuinely curious.. Now what?

I have no idea,but i'm still in...as usual it's FOMC..spike is normal,but anything can happen..I've set a mental stop...
I agree. I think the Fox was breaking backs, but the downfall will still happen.
FOMC bloodied my nose. Now it's my turn... <cue Eye of the Tiger theme>

8-)
Author:  Piter80 [ Thu Oct 29, 2015 5:55 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

The best idea it's close all trades before big news.
Yesterday before news almost 150% account on profit,after news 70%.It's still quite good,but it's no point to risk.
usdchf print nice M on top.We will see.

All the best
Author:  Lara [ Thu Oct 29, 2015 7:20 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff


As CJ has often said these patterns occur time and time again - quite scary to think how rigged this so-called "market" actually is. With all the amazing coders out there you would think that some bright spark would develop "pattern recognition" software for Empty4. Surely there's got to be a better way than relying on ye olde eyeball :lol: Just imagine........... :mrgreen:
Author:  sympathy [ Thu Oct 29, 2015 7:34 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Hello guys gudmorning, hope you guys made money last night :D if you follow the normal strategy you will always make money. there is noting hard inside its just like a song playing from a CD tape. if you understand the song you will enjoy it :D :D

Am gona play one song that i know very well to you guys this morning. this song has been playing in my brain since a year so am very very used to it. you can join me in playing it :D :D :D

Here is the song.......GU
Author:  Jemook [ Thu Oct 29, 2015 7:51 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Lara » Thu Oct 29, 2015 6:20 pm wrote:

As CJ has often said these patterns occur time and time again - quite scary to think how rigged this so-called "market" actually is. With all the amazing coders out there you would think that some bright spark would develop "pattern recognition" software for Empty4. Surely there's got to be a better way than relying on ye olde eyeball :lol: Just imagine........... :mrgreen:
My question is how much of is it is rigging by the foxies and how much of it is fractal. The fox may be able to manipulate but if we are talking about the same price pattern shappening on a tick chart toH4 charts then really what's actually moving the market? The fox might be playing around.. but how are the tick charts showing the same price patterns?
Author:  Captain Jack [ Thu Oct 29, 2015 7:52 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Jemook » Thu Oct 29, 2015 3:51 am wrote:
Lara » Thu Oct 29, 2015 6:20 pm wrote:

As CJ has often said these patterns occur time and time again - quite scary to think how rigged this so-called "market" actually is. With all the amazing coders out there you would think that some bright spark would develop "pattern recognition" software for Empty4. Surely there's got to be a better way than relying on ye olde eyeball :lol: Just imagine........... :mrgreen:
My question is how much of is it is rigging by the foxies and how much of it is fractal. The fox may be able to manipulate but if we are talking about the same price pattern shappening on a tick chart toH4 charts then really what's actually moving the market? The fox might be playing around.. but how are the tick charts showing the same price patterns?
Every builder needs a blueprint....

-CJ-
Author:  blazej [ Thu Oct 29, 2015 7:55 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

EURUSD 3 levels on h1. Is that correct? Now looking for reversal pattern.
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