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The Captains Chest - Naked Trading & Other Stuff
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Author:  sympathy [ Fri Oct 30, 2015 5:00 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Captain Jack » Fri Oct 30, 2015 5:49 pm wrote:
Darkst » Fri Oct 30, 2015 12:25 pm wrote:I would like to ask about second chart. Will it be a good setup for go long on gold if "W" will form?
I offer no trade advice... trade your views on a demo account and learn the levels that way... if anybody is trading live without knowing the levels and cycles, and I know you are, it's going to cost you....

-CJ-
I have said this many times. trade on your own. even if you ask questions from now till next year without practice,your are wasting your time. when i was learning, i didn't ask CAPTAIN a single question because i knew everything is in the thread.Its just as simple as that, Open your chart, mark your levels and trade all of them ok. that is how to learn fast.
Author:  Madmoney [ Fri Oct 30, 2015 5:07 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
sympathy » Wed Oct 28, 2015 2:13 pm wrote:
Wisznu » Wed Oct 28, 2015 2:34 pm wrote:
sympathy » Wed Oct 28, 2015 12:19 pm wrote:
fahedksa » Wed Oct 28, 2015 12:58 pm wrote:If the price pull back to Asia range and close inside it ,Do we count it as level?
it depends how far they push the accumulation extension process. sometimes they push half of the level and complete it during the run. Hey for you to ask this question it means you are almost there :D keep it up bro i like your question. seems you are getting the level count. always ask question with chart ok so that i can show you the once you don't understand.
Hi Sympathy!

I've got a question about making an entry. I'm always trying to make entry as high as I can, but I'm still too often wrong about M&W's (or maybe counting the levels? - probably too). I remember U wrote that you are waiting for H4/D1(?) candle close, am I right? Could You write something about it again? I'm sorry, I can't find it.
GU for example here. I went long here right now. Do You think It's gonna drop more, or it's here? How do You determine this? Or maybe my level count is wrong?

I found myself way more comfortable with trading H&S pattern, and just looking for M/W at second shoulder, but I trying to get these too.
just use your chart seperator to count your levels soon you will understand them. count 3days of rise and fall in price ok.first 3days is level 1 and second 3days is level2 etc, we still have 3 more days or so to end GU movement, for now we are in level2 :D
For people still not understanding how to count levels, read sympathy's post. CJ already stated this, which is also in the thread document.
Author:  sympathy [ Fri Oct 30, 2015 5:07 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
I just took this trade now, i marked my levels, waited for the setup and take the trade thats all. if i loose, i look for another setups and correct myself. to correct myself, i will go back to my Empty4 and recount my levels again to see where i went wrong.
Author:  Darkst [ Fri Oct 30, 2015 5:15 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
sympathy » Fri Oct 30, 2015 5:00 pm wrote:
Captain Jack » Fri Oct 30, 2015 5:49 pm wrote:
Darkst » Fri Oct 30, 2015 12:25 pm wrote:I would like to ask about second chart. Will it be a good setup for go long on gold if "W" will form?
I offer no trade advice... trade your views on a demo account and learn the levels that way... if anybody is trading live without knowing the levels and cycles, and I know you are, it's going to cost you....

-CJ-
I have said this many times. trade on your own. even if you ask questions from now till next year without practice,your are wasting your time. when i was learning, i didn't ask CAPTAIN a single question because i knew everything is in the thread.Its just as simple as that, Open your chart, mark your levels and trade all of them ok. that is how to learn fast.
You have absolutely right but I am only ask about my thinking process in these two charts (gbpchf and gold).
Author:  sympathy [ Fri Oct 30, 2015 5:20 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Some of you didn't read this thread at all :arrrg: :arrrg: you guys refused to start from the scratch which is accumulation....stop-hunt and M/W pattern that is why you guys are finding it difficult to understand. Almost all my trades are from that particular process, i will never forget that pattern because that is the root of this methodology.if you don't understand the beginning, am sorry you are not going anywhere. After RRT/M/W pattern, price will move in 3 pushes/ levels......go back to that same pattern and practice them. May GOD bless CAPTAIN :hi:
Author:  sympathy [ Fri Oct 30, 2015 5:25 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Darkst » Fri Oct 30, 2015 6:15 pm wrote:
sympathy » Fri Oct 30, 2015 5:00 pm wrote:
Captain Jack » Fri Oct 30, 2015 5:49 pm wrote:
Darkst » Fri Oct 30, 2015 12:25 pm wrote:I would like to ask about second chart. Will it be a good setup for go long on gold if "W" will form?
I offer no trade advice... trade your views on a demo account and learn the levels that way... if anybody is trading live without knowing the levels and cycles, and I know you are, it's going to cost you....

-CJ-
I have said this many times. trade on your own. even if you ask questions from now till next year without practice,your are wasting your time. when i was learning, i didn't ask CAPTAIN a single question because i knew everything is in the thread.Its just as simple as that, Open your chart, mark your levels and trade all of them ok. that is how to learn fast.
You have absolutely right but I am only ask about my thinking process in these two charts (gbpchf and gold).
I don't trade Gold bro. GCHF made a new high so next week we are going to have a new high then trade from there
Author:  simcom [ Fri Oct 30, 2015 5:26 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
I've been doing quite well trading the levels so far on a demo account, thanks to CJ, sympathy and all of the others here who've generously given their time and effort to help others.

One thing I've noticed though is that I've fallen into a bad habit (at least so far as conventional trading wisdom goes), which is 'averaging down'.

I find that when I'm confident in my level count and trying to enter at a peak high/low in the pins, sometimes when I end up being wrong about the precise reversal timing I hold my trades into drawdown instead of closing them for a small loss. I then continue re-entering the market, stacking trades in the forming pins that I believe are about to reverse. This is effectively 'averaging a loser' which I know many people say is the death of novice traders.

However, it's worked to great effect for me so far as I've ended up being right about the imminent reversal but just slightly off on the timing. I know that with real money on the line I am probably going to want to cut my losses sooner though.

I should say that I don't just blindly average down every drawdown trade I have; it's only when I'm confident in my level count and I can see the reversal structure in formation.

Does anybody else do this or is it better in the long-run just to cut losers and re-enter later? I know that CJ said on the FF thread that he sometimes stacks entries at a more favourable price if he gets a slight move against him, but then again he's much better at reading the patterns than I am!
Author:  sympathy [ Fri Oct 30, 2015 5:39 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
I believe you guys understand the pattern
Author:  rambo06 [ Fri Oct 30, 2015 5:45 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
sympathy » Fri Oct 30, 2015 5:20 pm wrote:Some of you didn't read this thread at all :arrrg: :arrrg: you guys refused to start from the scratch which is accumulation....stop-hunt and M/W pattern that is why you guys are finding it difficult to understand. Almost all my trades are from that particular process, i will never forget that pattern because that is the root of this methodology.if you don't understand the beginning, am sorry you are not going anywhere. After RRT/M/W pattern, price will move in 3 pushes/ levels......go back to that same pattern and practice them. May GOD bless CAPTAIN :hi:
Sympathy,

This is exactly what were are looking at on GU right now, correct? Price left the range/accumulation with 3 level drop. now it is reverting back to range/ next to be followed with the true direction/real 3 levels.

Rambo
Author:  ZumZum [ Fri Oct 30, 2015 5:47 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
sympathy » Fri Oct 30, 2015 7:39 pm wrote:I believe you guys understand the pattern
Trying very hard:
AUDUSDH1.png
:geek:
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