Options

Search
Search
Search

Subscribe to Thread

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

EA using candles 8 replies

EA with Candles 3 replies

Candles- What do they mean 5 replies

MA Candles 1 reply

I need more candles! 4 replies

Beyond the Candles

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 !
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-30_09-15_Paper@thinkorswim [build.png Size: 30 KB
Nothing personal,just business.
Quoting fxgroup
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 ! {image}
Hi Fxgroup,

What about horizontal M SR , looks as confluence with TL, but more precise ?

I upload my chart with daily dynamic range in blue.

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-30_14-27_GBPCHF_D.png Size: 35 KB
"Patience is bitter, but its fruit is sweet" Jean-Jacques Rousseau .
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 !
Attached Image (click to enlarge)
Click to Enlarge Name: GOOG.png Size: 34 KB
Nothing personal,just business.
Quoting fxgroup
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...
It is very clear example fxgroup , and you're right, but it requires a lot of time with price watching and excercises, but we have a time ;-) Spoofing candle looks like ideal moment for S, but only till SR level as RET in this case, but where you set TG in this case ???
"Patience is bitter, but its fruit is sweet" Jean-Jacques Rousseau .
Hi fxgroup!

What do you think about NZDCAD? I am still waiting for breakdown and confirmation. Or is it risky against the trend?
Attached Images (click to enlarge)
Click to Enlarge Name: nzdcad-mn1-trading-point-of-3.png Size: 46 KB Click to Enlarge Name: nzdcad-w1-trading-point-of.png Size: 39 KB Click to Enlarge Name: nzdcad-d1-trading-point-of.png Size: 41 KB
Quoting Beertje
Hi fxgroup! What do you think about NZDCAD? I am still waiting for breakdown and confirmation. Or is it risky against the trend? {image} {image} {image}
The fact that the last two M candles closed within the previous candle's range tells me that we are in front of a strong R !
Attached Image (click to enlarge)
Click to Enlarge Name: NC.png Size: 43 KB
Nothing personal,just business.
Quoting fxgroup
{quote} The fact that the last two M candles closed within the previous candle's range tells me that we are in front of a strong R ! {image}
thanks for the reply
Quoting fxgroup
{quote} The fact that the last two M candles closed within the previous candle's range tells me that we are in front of a strong R ! {image}
BUT, the last candle is but a day or two old so lets not get ahead of ourselves here, that is where it opened.
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 !
Nothing personal,just business.
Quoting fxgroup
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.
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

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-04_22-27_GLOD_W1.png Size: 29 KB
"Patience is bitter, but its fruit is sweet" Jean-Jacques Rousseau .
Attached Image (click to enlarge)
Click to Enlarge Name: usdtryD.jpeg Size: 122 KB
Hello Fxgroup and everyone!
I'm a new user to Forexfactory, I'm Italian (then sorry for my English and grammar mistake...)
My PTT TTP!
Attached Image (click to enlarge)
Click to Enlarge Name: usdtryM.jpeg Size: 122 KB
Attached Image (click to enlarge)
Click to Enlarge Name: usdtryW.jpeg Size: 157 KB
Attached Image (click to enlarge)
Click to Enlarge Name: usdtryD.jpeg Size: 122 KB
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 !
Nothing personal,just business.
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 !
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 6-5.png Size: 47 KB
Nothing personal,just business.
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.


Quoting sodiska
Hi, I though it would be safer to trade after W P close below 1.0550? Shown in the attached chart. {quote} {image}
Quoting Dariusz
{quote} Hi Fxgroup, What about horizontal M SR , looks as confluence with TL, but more precise ? I upload my chart with daily dynamic range in blue. {image}
Very interesting how P respecting SR .

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-07_21-51_GBPCHF_D.png Size: 20 KB
"Patience is bitter, but its fruit is sweet" Jean-Jacques Rousseau .
I had a nice trade on NZDCAD, but the second trade on EURGBP was a mistake...
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad-d1-trading-point-of3.png Size: 42 KB
EURGBP, I think the entry was too early.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-d1-trading-point-of-2.png Size: 37 KB
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 !
Nothing personal,just business.
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
Attached Images (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 42 KB Click to Enlarge Name: gbpusdweekly.png Size: 53 KB Click to Enlarge Name: gbpusdmonthly.png Size: 51 KB
Thread Tools Search this Thread
Search this Thread:

Advanced Search

0 traders viewing now