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1 Attachment(s) GBPCHF The P reached the TL as R so the MM becomes compulsory...notice the TL hold the P bellow it since 2012.7.23...so it's an important dynamic level for MM ! |
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What about horizontal M SR , looks as confluence with TL, but more precise ? I upload my chart with daily dynamic range in blue. |
1 Attachment(s) Hi Dariusz Let's tell you something...my reading charts ALWAYS starts with the naked chart and I always try to keep on the chart ONLY the levels I really need in order to keep my charts as simple ( clean ) as possible..and that has a very clear goal......I don't have to allow the distract me from the P reading...ONLY the levels (static and dynamic ) that relly influence the P now and the MM / TG levels...nothing more ! Here is a chart as an example of the simplicity....Google M chart after the PB bearish all we need was onye one level to know where waiting for the P...any surprise...not for us ! |
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3 Attachment(s) Hi fxgroup! What do you think about NZDCAD? I am still waiting for breakdown and confirmation. Or is it risky against the trend? |
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I was talking about the march and april closed within the february's high...on the chart I was pointing where the P did RET at the beggining of this month ! |
Sorry, my misunderstanding. Have to agree though that this looks like we could have some RT upcoming. But yesterday had a PB at S suggesting at least another test of R. |
1 Attachment(s) GOLD just for practice all comments are highly welcome ! M WPG - apr RET till M R W WPD - dynamic RM since 2010 ??? just an idea 2W PB this W close as doji made a D RM with SR 1455-1476 |
3 Attachment(s) I'm a new user to Forexfactory, I'm Italian (then sorry for my English and grammar mistake...) My PTT TTP! |
Hi mitomane and welcome ! The traffic is not the only problem, but the simple fact that the W candle shows us an indecision within the RM (range market ) is a clue of the battle between the buyers and sellers and how difficult will be for the these sellers !...more then this the CB ( controlling bar ) is a bullish one meanwhile the PB is a bearish information ! The M PB bearish is right after the BUOB ! |
1 Attachment(s) EURJPY a very useful example how important identifying the S/R levels using the O/ C of the SWs... where the nca ( no close above )+ ncb ( no close bellow ) gives us a very important information about who is in level's controll ! |
Hi, you make the right call, P went south all the way. I miss this as I was waiting P in W to close below 1.0550 and do RT. But it did not happen.
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1 Attachment(s) I had a nice trade on NZDCAD, but the second trade on EURGBP was a mistake... |
1 Attachment(s) EURGBP, I think the entry was too early. |
I really apreciate your posts.....NZDCAD...look how the P react and worked at the R level where the 2DPB was the sellers confirmation at the R! EURGBP-as we allready said the safiest way to sell is bellow the RM ( your 0.8411 ) with PA bearish as sellers confirmation ! |
3 Attachment(s) Hello thread friends, GBP/USD looks interesting to me: Monthly and Weekly close above MR = price back into previous RM Now nice RET is forming at MR (now MS) Waiting for PA at MS |
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