| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
|
| Years too late but still interested https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=5914 |
Page 1 of 9 |
| Author: | DerNick52 [ Sat Aug 22, 2020 1:59 pm ] |
| Post subject: | Years too late but still interested |
Hello, just posting setups for interested users who want to understand the ideas. Maybe someone will find it useful. I don't want to say that my understanding of the strategy from CJ is perfect, but it should be close enough and I don't want that his ideas will be forgotten. Future discussions would be amazing too. Nick  PAIR: SGDJPY |
|
| Author: | DerNick52 [ Sun Aug 23, 2020 11:17 am ] |
| Post subject: | Years to late but still interested |
Hello, an additional principle is, that the pairs are all connected to each other. If a pair is ranging another pair moves and vice versa. There are leading pairs and the pairs which are following. Many people saying, that there should be only a certain amount of risk for each pair, for this example 2%. So if we got two entries in the pair AUDJPY and EURJPY, the risk for each pair should be 1%. This things said, I've got a second setup in EURJPY, with the same conditions. Both are at Level 3, with a typical BARF-setup and a wondful abc-pattern. We should wait for the asia-session breaking the LOD and then enter. For the greedy ones, sl at b and than scaling in if price moves our way. Fast tp at the lead in line, or ride the pushes if you are at the screen. What I've forgot to say. I will post the results of the setup and mention my mistakes. This is by far the most important thing, what all should do. Nick :hi: |
|
| Author: | DerNick52 [ Tue Aug 25, 2020 1:57 pm ] |
| Post subject: | Years to late but still interested |
Time to discuss the trades: SGDJPY Buy: This pair did a special move which give me the confidence to be in really good trade. Look at the new week gap. The price started well below the common ground, retraced and did go down again. An additional ABC-Pattern. Price moves with intend! But I want to mention that I did a little mistake. The first abc-pattern didn't represent the peak low. Nothing dramatic, but it reminds me to not trade this little cycles over the weekend! Wait for the asia session. I think currently we see the stop hunt. So wait for the PH and then short. EURJPY Nothing special. But you can count the levels better. Currently at the stop hunt. So wait for the PH and then short. The fall can be amazing considering the bigger cycles. If I'm right, we have completed level 2 in d1. I will post another interesting entry in the near future! Nick :hi: EDIT: Level 2 in d1 in EURJPY not SGDJPY |
|
| Author: | DerNick52 [ Wed Aug 26, 2020 5:02 am ] |
| Post subject: | Years to late but still interested |
Hi, in EURJPY we see a nice M in the asia range which is the PH. So stop hunt completed and everything as thought. I look for a big fall considering the bigger timeframe. If the big fall doesn't come I will take the profit at the lead in line. The setup is the same as the cycle before. PH + BARF. So you can stack the hell out of it if you are at the pc. Let's see how it goes. Nick :hi: |
|
| Author: | DerNick52 [ Sun Aug 30, 2020 1:48 pm ] |
| Post subject: | Years to late but still interested |
Hello, In the last post I've said that we've reached the peak high in the daily which was wrong. In d1 it looks like a big abc pattern. Then we can expect a retrace and then the rise to ph in d1. But like always, I'm not the master, and not that confident in the higher timeframes. My new entry which I want to present is in GBPCAD. It should look familiar. I think we are still in the stop hunt and with the start of the market price will start higher, build an abc pattern and then retraces to the lead in line minimum. It can go lower for sure, but I remember that a big part of "my game" (original CJ's game) is winning by not loosing. Nick :hi: |
|
| Author: | DerNick52 [ Mon Aug 31, 2020 12:48 pm ] |
| Post subject: | Years to late but still interested |
Hello, GBPCAD: Didn't form a nice abc, but nevertheless moves like expected. All of you should got some nice pips if you trailed or take the profit at the lead in line. At this time we see an abc-pattern in the opposite site. Could be a stop hunt. One thing for sure, it gives room for speculation and that's the point were you should get out and "take whats given" (Trademark CJ). CHFJPY: "SETUP": ADR: Max M15: Completed 3 Pushes H1: ABC - Pattern H4: High interest zone, look at the patterns before at this price D1: Railway tracks, with a magical wick W1: Tested this area a fourth time, every time a bit lower I'm honest, I would never suggest anyone to trade this. But I want to encourage you to test new things out. I see trading as an art. And you should always try new things out, in a relative safe area. @The technical traders, searching for new instruments and changing parameters is the same. GBPUSD: We are at the PH. I'm confident with my level count, should be pretty obvious. For those who have problems counting. Search for the stop hunt between level 2 and the PH/PL. This helps me most of the time. But the best idea is to watch the posts of sympathy in the original thread. He was godlike. I need always the help of another clue, like abc or barf  Nick :hi: |
|
| Author: | littlereddot [ Wed Sep 02, 2020 2:57 pm ] |
| Post subject: | Years to late but still interested |
Thanks for sharing Nick. I tried to follow the original CJ post but never quite acquired the ability to see the abc pattern. How do you tell when the "a" is formed? |
|
| Author: | DerNick52 [ Sat Sep 05, 2020 10:55 am ] |
| Post subject: | Years too late but still interested |
Hello, I want to encourage you to read the thread of CJ over and over. Most of the people don't know that there is much more to know as you see at first glance. He's not telling you one strategy or one system. He's telling you a way how to see the chart in a different way. You should see it as a toolbox to create your own system. That said... I will answer this question in different ways, because everyone has his own approach. Dudest would say that it is a matter of symmetry, Fib-Level and the bigger picture. Symmetry because the a and the c are overall in the price range and have a similar ranging in between. Fib level cause a and c touching 61,8 til 73,6. The bigger picture means counting Level/pushes and only trading at the top or at the bottom. Search for his posts at the original thread. Much to learn... That said, the key elements are for me the picture of the pattern, CJ would call it the face. At some point, if you traded the way like CJ did, you start to see patterns that look familiar. If you look at tick charts, they are way more accurate ( little hint  ).A little example. Look how the price moves, a bit curved. Look at the wicks! This tiny little wicks, which are looking like they are not there. Another face of the abc: Look at this big bars, which look like little "random news spikes". See how a and c rejecting at the same price. Higher TF: ---------------------------------------------- Sure, random chart posts. Nothing new to telegram groups BUT! Here is how to enter this abc's, remember I'm not the master! -Count the levels in m15, h1, h4 -Only enter at c if you are not confident in your level count, like me -Wait till the price rejects and forms complete the pattern and then enter, place the sl a bit below/above c -Look at this god damn wicks to be sure -c should be symmetric to a This rules should be provide the highest amount of success and a good R:R Special moves: Remember my invention, the gap-abc where we see a big spike which forms the b. CJ has a special abc pattern too, look at his original thread. It looks like a butterfly I wrote a plenty amount of text. My idea was to post my ideas how to enter like sympathy but this will be posted in the future. Have a nice weekend, Nick :hi: |
|
| Author: | DerNick52 [ Sun Sep 06, 2020 2:43 pm ] |
| Post subject: | Years too late but still interested |
Hello, I want to share with you some quick tips how to identify a good M/W pattern. 1. Trade only the PH/PL means level 3 2. The M/W should be above/below the ranging price 3. The first and second leg should be in different sessions/days 4. A little stop hunt should be appeared before 5. Take the trade in the pins of the first leg Nick :hi: |
|
| Author: | DerNick52 [ Tue Sep 08, 2020 1:57 pm ] |
| Post subject: | Years too late but still interested |
Hello, I've an interesting setup to share. It's the typical Level 3 - Barf Setup in GBPCHF. I want to wait til a M is formed an then enter a little position, than scaling in. The thing which is interesting is the big gap, which has formed between the weeks. I'm curious if we will see a nice ramp up. Maybe I will trail, not really sure. Does somebody has any experience? Nick :hi: EDIT: If I look at tick charts, there is no gap. So it could be a trap. TP at the lead in line. Oh and it looks like we do see at this moment the stop hunt, so be aware |
|
| All times are UTC | Page 1 of 9 |
|
Powered by phpBB® Forum Software © phpBB Limited |
|