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Beyond the Candles

Quoting iulianpojar
EURAUD

M - WPD change trend to bullish
Attachment 1130527

W - WPD forming nice head and shoulders
Attachment 1130528

D - WPG to monthly resistance in a new range market 1.3857
Attachment 1130529

MM @ 1.3295

what do you think?
Thank you julian for the charts, that is just about exactly the same levels I have on my charts. Well done and thank you !


Michael
Quoting msmarple
NZDUSD Weekly is still looking interesting, and might be good example for studying.

Thank you for all your contributions !

Michael
We have same levels on this pair ;-)

And here is chart from Jan 25 th http://www.forexfactory.com/showthre...45#post6394245



Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-05_22-57_NZDUSD_D.png Size: 19 KB
"Patience is bitter, but its fruit is sweet" Jean-Jacques Rousseau .
Quoting Dariusz
We have same levels on this pair ;-)

And here is chart from Jan 25 th http://www.forexfactory.com/showthre...45#post6394245



Attachment 1130708

Yes, lets see what happens this week !



M.
Hi, anyone looking at GOLD? Seems P is in a tight triangle in W. If P close below or above the triangle, then its a good trade to go into. Hope I got this right.
Attached Image (click to enlarge)
Click to Enlarge Name: gold_weekly.gif Size: 18 KB
Quoting sodiska
Hi, anyone looking at GOLD? Seems P is in a tight triangle in W. If P close below or above the triangle, then its a good trade to go into. Hope I got this right.
Yes sodiska, but I won´t trade it as long as 1,710.00 resistance area ( better even 1,800.00 ) or 1,605.00 support has been broken, it is currently quite choppy. I am more bullish for Natural Gas and Soybeans. In the metals, look at Copper, that is not so heavily looked upon ( some say " manipulated "....).

M.
NZDUSD Daily. here we have a close-up after my W chart. This open range of the bearish candle might be a bit strange at first sight, but you sometimes have these, look at other examples, like on Yahoo after earnings, or in Stocks for example Deutsche Bank.

Good trading to all !


Michael
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-06_0647_NZDUSD_D.png Size: 53 KB
Hi, 1710 and 1605 are based on Weekly charts ?


Quoting msmarple
Yes sodiska, but I won´t trade it as long as 1,710.00 resistance area ( better even 1,800.00 ) or 1,605.00 support has been broken, it is currently quite choppy. I am more bullish for Natural Gas and Soybeans. In the metals, look at Copper, that is not so heavily looked upon ( some say " manipulated "....).

M.
NZDUSD

Tha last M candle closed as an indecision candle just as the W candle !
From a D point of view, the 02.04 turn the P back within the old RM !
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-06_14-59_Main@thinkorswim [build.png Size: 36 KB
Nothing personal,just business.
[quote=sodiska;6422618]
Quote
Hi, anyone looking at GOLD? Seems P is in a tight triangle in W. If P close below or above the triangle, then its a good trade to go into. Hope I got this right.
If it closes bellow the triangle then 1566 becomes the Tg with MM@ 1628 !..notice how the P is stuck within the doji's range and this make the 1628 to be the first MM level !
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD.png Size: 42 KB
Nothing personal,just business.
Hi, how do you define NCA and NCB (criteria for NCA and NCB)?


[quote=fxgroup;6424343]
Quoting sodiska
If it closes bellow the triangle then 1566 becomes the Tg with MM@ 1628 !..notice how the P is stuck within the doji's range and this make the 1628 to be the first MM level !
[quote=sodiska;6424951]Hi, how do you define NCA and NCB (criteria for NCA and NCB)?

Sodiska,

You should ask about how do you define SR and you got the answer
"Patience is bitter, but its fruit is sweet" Jean-Jacques Rousseau .
[quote=sodiska;6424951]
Quote
Hi, how do you define NCA and NCB (criteria for NCA and NCB)?
NCA& NCB stay for no close above& no close bellow and represents those levels what act as R and S...levels identified using the open/ close of the swing. .....these type of S/ R levels are one of the most powerful levels in trading giving very important information as long as the candle/ swing doesn't close above/ bellow !

P.S. Let me know if it is all clear...put some chart with these kind of levels and we will talk about it !
Look at AUDUSD !
Attached Image (click to enlarge)
Click to Enlarge Name: levels.png Size: 32 KB
Nothing personal,just business.
Let's see an example of how to read the P on GOOGLE chart !
Attached Image (click to enlarge)
Click to Enlarge Name: google.png Size: 46 KB
Nothing personal,just business.
Hi, thanks for helping. I attached the EURNZD W chart with NCB & NCA. Is my analysis correct?



[quote=fxgroup;6425135]
Quoting sodiska
NCA& NCB stay for no close above& no close bellow and represents those levels what act as R and S...levels identified using the open/ close of the swing. .....these type of S/ R levels are one of the most powerful levels in trading giving very important information as long as the candle/ swing doesn't close above/ bellow !

P.S. Let me know if it is all clear...put some chart with these kind of levels and we will talk about it !
Look at AUDUSD !
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd_weekly.gif Size: 20 KB
Hi sodiska
I put some thoughts on the chart !
Attached Image (click to enlarge)
Click to Enlarge Name: S.png Size: 31 KB
Nothing personal,just business.
Quoting fxgroup
NZDUSD

Tha last M candle closed as an indecision candle just as the W candle !
From a D point of view, the 02.04 turn the P back within the old RM !
Do you remember this post...let's see it ...today !....no surprise when we now how to read Beyod the Candles !
Attached Image (click to enlarge)
Click to Enlarge Name: NU.png Size: 41 KB
Nothing personal,just business.
EURUSD looks like we are at important levels .... M support

http://www.forexfactory.com/showthre...37#post6414937

CADCHF

1 st TG hittted , now let's see if 2 nd is possible ?

http://www.forexfactory.com/showthre...02#post6415402


Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-08_10-48_CADCHF_D.png Size: 21 KB
"Patience is bitter, but its fruit is sweet" Jean-Jacques Rousseau .
Hi fxgroup, thanks for the tutorial. You give a good education. I have further question, attached is the GBPCHF chart. I circle 2WPB, is that correct?

Also my analysis:

WPD: P bounce at S RN 1.4200 in W. 2W PB is formed. Means seller not able to sustain and buyer fights back, therefore potentially P will go up.

But P is nearing M R at 1.4563, is this an important R? My though is, it is, because P was bouncing around this R back in 2010 and 2011.

Am I on the right track?



Quoting fxgroup
Hi sodiska
I put some thoughts on the chart !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_weekly.gif Size: 14 KB
[quote=sodiska;6433519]
Quote
I have further question, attached is the GBPCHF chart. I circle 2WPB, is that correct?
In order to have a 2TFPB the candle must have almost the same dimensions, as for a bullish one we always prefer to see the 2° candle close higher than the 1° candle open.....and....GBPCHF is a really mess right now...don't complicate with it....there are far more interesting pairs !

If you want to see a real 2WPB, take a look at GBPSEK !
Attached Image (click to enlarge)
Click to Enlarge Name: 2WPB.png Size: 39 KB
Nothing personal,just business.
Hi, unfortunately my broker do not have the pair GBPSEK. Btw, how do you interpret GBPCHF is a mess ?



[quote=fxgroup;6434123]
Quoting sodiska
In order to have a 2TFPB the candle must have almost the same dimensions, as for a bullish one we always prefer to see the 2° candle close higher than the 1° candle open.....and....GBPCHF is a really mess right now...don't complicate with it....there are far more interesting pairs !

If you want to see a real 2WPB, take a look at GBPSEK !
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