Outcome is not important at all, but correct technique is what only matters
M candles / Custom candles for second charts 1 reply
Calculating only buy candles vs sell candles 2 replies
Platform which enables the rewinding of candles 3 replies
Missing candles? 1 reply
I need more candles! 4 replies
DislikedLet's see Lufthansa....
M-RM with PB at R level that nca (no close above), the SW inside the RM is the most important MM level and the TG (target) is the RM's S level.Ignored
DislikedWelcome binwang2 and thanks for posting here !
The DBHLC was the first opportunity to get in, but not the only !
You are right and the yestarday PB will push the P up to retest the bearish channel at 1.62.Ignored
Disliked
Thanks Fxgroup.
Does yesterday (04/10) bar fit ur definition of PB?Ignored
DislikedNotice how in this method the candles MUST HAVE CLOSED before you can declare that you found a patternIgnored
Dislikedhi,
i using
daily to draw support & resistance.
n i look at 4 hours & i narrow down to 1 hour.
currently i am looking at 16th april 2012 , 8am price buy at 1.30123.
is this the right analysis?
assume it will still range..
please advise..
ty v much.
if i ask the wrong thing, please correct me too.
ty ty.
=)Ignored
Disliked"It failed because buyers started gathering liquidity from the middle."
can u explaqin this " gathering liquidity" point more? thanks for the post, BTW.Ignored
DislikedIn line of principle you are more or less following part of the method, but this method is focused at trading on daily bars, not hourly.
Therefore we use monthly and weekly chart to discern the market scenario and the daily chart to find the entries. The entries will be done by using price action patterns that sit on a weekly / monthly support / resistance (and NOT anywhere else) and only if all three time frames are concordant.
Same advice as above. We'll never see "1 hour wicks" because our minimum range is the day.Ignored
DislikedThis needs Tonnes of Patience...i will follow Monthly, Weekly & Daily as Entry.
Does it means it working on all pairs?
Thank you for the kind reply.Ignored
DislikedSure.
How to detect strong vs weak levels? I hope FXGroup will talk about it, it's a topic that requires some theory and practice, practice, practice and more practice.Ignored
DislikedHi fxgroup, great thanks for your valuable thread. I am following silently, because I am in learning and practising mode. From your GBPUSD chart, your implication are:
1- Price is going UP and approaching to the descent upper trendline. (WPD and WPG).
2- Our action: can buy in expecting profit taken near the decent upper trendline as long as R:R is allowable we take the trade. Or in this context we just wait and see WPD at the decent upper trendline before we take action.
Great thanks for your explanation.
Regards,
Exciter135....Ignored
DislikedHi 135 and thanks for your partecipation.
Since we identified WPD+WPG, all we have to do is to wait RET in order to get in till or MM/ targets levels....beeing carefully at important levels as 1.6170.
The software I use for capture the screenshots and work with them is JetScreenshot..is free and very easy to handle.
P.S. Don't be silent...pull your thoughts out http://www.forexfactory.com/images/icons/icon7.gif !Ignored
DislikedUSDCHF_D
sellers took control.
BRN 90 hard resistance, more buyers so more sellers welcome to cross this level.Ignored
DislikedBy the way what is image processing software you here are using to put arrow/text/shapes/... to make annotation to chart to post to the thread. Many thanks for your instruction.
Regards,
Exciter135.Ignored
DislikedHi fxgroup, great thanks for your reply and encouragement . I am dreaming to reach to your level in one day , then I will flood your thread with bundles of posts and pictures . Good day to you.Ignored