i dont think this beast gonna drop this week. It will be maybe next week tuesday/wednesday a nice retracement...
its heading to 1.27xx for sure
its heading to 1.27xx for sure
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DislikedNobody, I think.. Even though I said "they".. Candles represent the the sentiment of the market.. Many times they get changed the last second.. Many times they don't.. Think about it.. Let's say H1 is dropping slowly and it's ready to bearish engulf the previous candle.. What could happen, as it drops it finds a heavy buy right underneath that sends it up.. Does it mean it was manipulated? I don't believe so. It's just what may happen on the lower time frames that makes it change on a dime..
That's the reason we always have to wait for...Ignored
Disliked[b][color="DarkRed"]you newbees here will not understand that.. that only this world means lot for traders..
now you may find this post funny or will not understand it, but if stay long-term in fx like me for over 6 yrs now, u will get that point..
1. Forex = Forgein Currency exchange, we all know that! But it is not trading! Trading is the work, what we do, but market it selfs is an exchange. As i said, most of you think or beleive, that this is fight between traders or you against the banks!
Which is actually totally a wrong view! We...Ignored
Dislikedi dont think this beast gonna drop this week. It will be maybe next week tuesday/wednesday a nice retracement...
its heading to 1.27xx for sureIgnored
DislikedFirst Q: because I have read FF threads occasionally and comments like Attila makes, I've gone from thinking candles were a crutch devised to help traders who weren't able to extract pa from noise or visualize complex relationships and a crutch with a defect: if the sampling offsets shifted relative to price movements (ie: move the time base, and candles form completely different patterns) ===> to thinking I missed something, and the position of the time base is an important part of what it's all about.
I've read comments by Attila, Cloggie and...Ignored
DislikedSorry mate I must have missunderstood your posts before - I am not a native speaker, candles lie on lower TF's but not on H4 or Daily - that rarely happens. H4 swings are often started by rejection & confusion - doji's hammers & pins - a little heads up if you whish to use them.
I refuse to accept that shape of the candle is manipulated for reason to confuse traders. It is just visual representation of price movement, and they work the same way as S&R or pivots - they work cause millions of traders around the world look at them and act "toghether"...Ignored
DislikedSorry mate I must have missunderstood your posts before - I am not a native speaker, candles lie on lower TF's but not on H4 or Daily - that rarely happens....Ignored
Dislikedyes, and the reverse is not true, unfortunately.. a valid candle (or group) doesn't always signal a swing/turn/etc. Taking them out of context (the candles), statistics are pretty dismal..Ignored
Disliked95% of members here dont know what Forex actually is.. it is not only about trading..
its NOT only a fight between traders or banks. Its an exchange, which is happening every second around the global..
so someone is giving you money, you will soon give him backIgnored
Dislikedyes, and the reverse is not true, unfortunately.. a valid candle (or group) doesn't always signal a swing/turn/etc. Taking them out of context (the candles), statistics are pretty dismal..Ignored
DislikedThat's where sup & res plays a key role, these green lines are not properly drawn of course it is just general idea
I am sure you know what I am trying to say.
http://s12.postimage.org/rt11kqzlp/cad.gif
upload pictureIgnored
DislikedI time to time try to contribute here something useful. Since I am not an expert in smaller moves, there is not much to contribute very frequently.
Here is a chart. All lines were drawn several weeks if not months ago and therefore pa has either confirmed or denied their utility.
Pa has responded very well to that Horizontal Yellow Resistance line and also the Diagonal Yellow Resistance line.
The diagonal yellow line is a strong resistance. This seems to have been broken, I expect the pa to travel several hundred pips in direction North....Ignored
Dislikedthis kind of posts always bring me to laugh..! members with no idea of next 10 pips submit stupid comments like this with over 400 pips move.. sick !!Ignored
DislikedBut Chicky - doesnt this directly conflict with what you are attempting to do with your experiment in your other thread?Ignored
DislikedPa has responded very well to that Horizontal Yellow Resistance line and also the Diagonal Yellow Resistance line.
The diagonal yellow line is a strong resistance. This seems to have been broken, I expect the pa to travel several hundred pips in direction North....Ignored
DislikedAll charts will show you S/R , some better than others, but it comes at a cost.
That cost is accuracy - either in Time, or in Price
If you trade lower TF's , you tend to lose the S/R's that were generated on the higher TF due to the internal trending that is occuring on the lower TF's.
if you trade the higher TF's, your missing out on the churn of the lower TF's.
SO...the real question is - can you identify what is trend vs what is a range?Ignored
DislikedThat's why it is a very good idea to have all tf's you use on one screen - it is also a very good exercise on how Tf's work together so you can forget about usual problem you described. You can see that your H4 trade is coming and execute your trade from M1. More precision = less riskIgnored