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Beyond the Candles

[quote=sodiska;6602276]
Quote
Hi, I don't understand what you mean by point 3: the buyers take the levels control...
Sorry my mistake....I want to say the SELLERS .........note where the P did its RET (where we decided to wait for sell it ) !
Nothing personal,just business.
Quoting Beertje
Interesting Area. Weekly and Monthly resistance. {image}
GPBUSD daily ? yes that is a retracement to fibo level, if there is a price action confirmation with today(16.04.2013) candle, it will be a good entry for long.
Quoting fxgroup
Hi Mike...at this moment I like very much AUDCHF & AUDJPY...and USDCHF gives me great satisfactions ! {image}
Do you remember this post...I made it a while ago and I had a plan on it. The sellers turned the P back within RM so all I had to do is to wait the P to the old R where the sellers showed me their confirmation...with 0.9440 as TG !
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-16_14-32_AUD-CHF.png Size: 49 KB
Nothing personal,just business.
Quoting iulianpojar
GPBUSD daily ? yes that is a retracement to fibo level, if there is a price action confirmation with today(16.04.2013) candle, it will be a good entry for long.
In this case i'm loking for short entry. There is a region between 1.52-1.53, watch the weekly candle on 2013.02.17 closed below this area , and the monthly also did . I watch for short entry at 1.5400 or 1.5550.
Beertje, i don't look for shorts on GPBUSD because:
on M we have a pinbar on monthly level:
Attached Image (click to enlarge)
Click to Enlarge Name: gpbusd_m.png Size: 27 KB

on W a pinbar on the same level:
Attached Image (click to enlarge)
Click to Enlarge Name: gpbusd_w.png Size: 22 KB

and on D a retracement to a fibo level and a good BUOB setup:
Attached Image (click to enlarge)
Click to Enlarge Name: gpbusd_d.png Size: 25 KB
Quoting fxgroup
Do you remember this post...I made it a while ago and I had a plan on it. The sellers turned the P back within RM so all I had to do is to wait the P to the old R where the sellers showed me their confirmation...with 0.9440 as TG ! {image}
Yes, and thank you master fxgroup!
Many pips have come to me these days of good RM,

I know i am offtopic, but how do you think what will happen with gold (XAUUSD) ?
Quoting iulianpojar
Beertje, i don't look for shorts on GPBUSD because: on M we have a pinbar on monthly level: {image} on W a pinbar on the same level: {image} and on D a retracement to a fibo level and a good BUOB setup: {image}
I know that, but I'm looking for good R/R. When it will go downward, you can get better R/R. When not, stay out of the market.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-trading-point-of-3.png Size: 250 KB
[quote=iulianpojar;6610966]
Quote
I know i am offtopic, but how do you think what will happen with gold (XAUUSD) ?
You are not off topic at all....it was not a surprise the bearish evolution of gold...it was with the main trend in a bearish fase within the RM with no buyers information at the S level !
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD.png Size: 44 KB
Nothing personal,just business.
Quoting iulianpojar
Beertje, i don't look for shorts on GPBUSD because: on M we have a pinbar on monthly level: {image} on W a pinbar on the same level: {image} and on D a retracement to a fibo level and a good BUOB setup: {image}

Very good what julian says, we would have to have a confirming close below 1.5270 zone for bearisness; upside target would be about 1.56296.

His charts show how important the top-down analysis is, we will then not fall in to the traps on lower time-frames.

Best wishes to all, and fxgroup " mille grazie " for the Gold chart !

Mike
EU is range bound on 1H. I am looking for an hourly candle to close outside of this limit and will then place a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 63 KB
----------------------------- Daily Target = 50 Pips!
AUDCHF

This is a video where I explain the main reasons I sell this pair.....much more to come !

Inserted Video
Nothing personal,just business.
  • Aj2
    Joined Apr 2013
Nice video.
Thank u 4 that. Your target is based on higher time frame according to video as weekly support.however do u change your target on the basis of recent or significant news events? as there may be many things happen during week. How do u lock profits?
Cheers
How could I find this thread and this great trader so late?

Thanks for the sharing, fxgroup. Just fund ur threads yesterday, finishing reading the other thread of the price, and on page 2 of this one. Will join in u and post charts here as soon as possible.

Thanks for the wisdom video!
Hi fxgroup, great video, appreciate your time and effort. I got a question: for confirmation of a trade setup, is RT based on D charts be used? Or always based on RT in W & M charts ?



Quoting fxgroup
AUDCHF This is a video where I explain the main reasons I sell this pair.....much more to come ! http://youtu.be/1WFuHdiuVqM
great video!

hope to see more coming!

thanks for sharing fxgroup!
Quoting sodiska
Hi fxgroup, great video, appreciate your time and effort. I got a question: for confirmation of a trade setup, is RT based on D charts be used? Or always based on RT in W & M charts ?
Hi
We use the M/ W as information waiting the PA confirmation on D charts. The M/ W levels are far more powerful the D levels !...as you have seen on my video I waited the RET to the RM's R= W levels as the RM is based on W chart !
Nothing personal,just business.
Hi, I didn't get a lot of abbreviations at all since it wasn't updated in the first post. Like BH, MPB, etc. can you please update the first post with all the abbreviations you use and their full forms

Thanks.
Hi Fxgroup, I am looking at EURUSD with a sell setup. In W chart, P is bouncing around 1.3148, is this an RT signal for short as shown in W chart? Also, in P, there is a PB and a 2 days PB as shown in D chart, are those PA for short too?
Attached Images (click to enlarge)
Click to Enlarge Name: eurusdweekly.png Size: 36 KB Click to Enlarge Name: eurusddaily.png Size: 32 KB
Quoting sodiska
Hi Fxgroup, I am looking at EURUSD with a sell setup. In W chart, P is bouncing around 1.3148, is this an RT signal for short as shown in W chart? Also, in P, there is a PB and a 2 days PB as shown in D chart, are those PA for short too?
My bias is bullish for this week. Here:

If you look at weekly too, you can see that price bounced off that level and closed
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmdaily.png Size: 34 KB
Umm .. interesting, lets see what fxgroup and others opinion on this ...


Quoting needtolearn
{quote} My bias is bullish for this week. Here: If you look at weekly too, you can see that price bounced off that level and closed {image}
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