Dam late on this one
| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
|
| The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572 |
Page 964 of 1600 |
| Author: | botrak [ Fri Oct 30, 2015 1:36 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
I think confusion with levels comes from here: At some charts you mark Peak High as part of M/W formation and start count from 2nd leg Sometimes you start count right from the peak You also use 2 different drawing techniques at the same chart As for Piter80 question i think that its SH, looks familiar to CJ's old chart It also could be part [2nd leg] of stretched M at top, correct me if Im wrong. |
|
| Author: | sympathy [ Fri Oct 30, 2015 1:37 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Dam late on this one |
|
| Author: | sympathy [ Fri Oct 30, 2015 1:42 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Like my boss CAPTAIN said, we have 3 captains that pushes price. i know how they moves and targets but they can only dirty it. Remember they are price owner you have to build that confidence in holding price ok. |
|
| Author: | fiox [ Fri Oct 30, 2015 1:45 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Quote all. I'm fighting with the same problem. From last charts by CJ, I can't define clear rules to distinguish the peak from level 1. |
|
| Author: | Jurij [ Fri Oct 30, 2015 1:49 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hey botrak regarding the first 2 images, those are the exact same chart. The same cycle is shown only more compressed to filter out the noise. Don't forget that RRT on a daily time frame is a M on a lower time frame (4H /1H). I think level 1 follows after 3 pushes from the highest/lowest point in the topping/bottoming formation. Peak High -> (p1 + p2 +p3) then level1 consolidation/retrace and then the next 3 pushes to level 2 etc... |
|
| Author: | botrak [ Fri Oct 30, 2015 2:00 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Its not the same chart. Same currencies, same timeframe but 1st chart represent 8 monthes 2nd one month. I do understand that pin=rrt=m but levels were drawn at this timeframe not lower ones, that adds confusion. |
|
| Author: | Captain Jack [ Fri Oct 30, 2015 2:01 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
CONFUSION COMES FROM THOSE WHO PILOT PRICE - PEOPLE CONTINUE TO PICK THE DIRTIEST PATTERNS WITHIN THE CHARTS AND TRY TO FORCE TRADES ONTO THOSE CHARTS Levels are as they always have been... a place where price pauses after a rise or drop...that is why they are called Level 1 Rise or Level 1 Drop.... but you can never make a Level 1 Drop by moving above a Level 3 Rise.... as he is trying to do... Levels are created up and down when price leaves one level and establishes a new level... You also confuse my charts that indicate 3 pushes with a level. Peaks are labeled to indicate the number of pushes... levels are always indicated where price pauses.... -CJ- |
|
| Author: | Piter80 [ Fri Oct 30, 2015 2:07 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
That's my chart.Looks better when I look at h4 chart |
|
| Author: | Madmoney [ Fri Oct 30, 2015 2:08 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Here are my practice trades for today, not as good as Sympathy yet. |
|
| Author: | Piter80 [ Fri Oct 30, 2015 2:16 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
| All times are UTC | Page 964 of 1600 |
|
Powered by phpBB® Forum Software © phpBB Limited |
|
after being in the green 70 pips. That stuff happens too often when I try to do other work and don't have the time the attend the charts all the time. Ah well ... next trade ... GBPCHF looks interesting.