Two candles same TF 15m(first is made at 6:00 second is made 9:15)
First is made of 468 ticks
Second is made of 2336 ticks
What is this telling us?
First is made of 468 ticks
Second is made of 2336 ticks
What is this telling us?
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DislikedTwo candles same TF 15m(first is made at 6:00 second is made 9:15) First is made of 468 ticks Second is made of 2336 ticks What is this telling us?Ignored
QuoteDislikedMany of you stare out the back
QuoteDislikedlooking out the front of the car to see where you are going
DislikedWhitout reserching this {quote} You could not understand this {quote} I'm I rightIgnored
Disliked{quote} Close, but not right. A candlestick can't show you volume nor spread. I was referring to the sides of the candlestick, as well as their top and bottom, along with possible wicks. I hope you get now that I wasn't being serious about it.Ignored
It also represents a cluster of longs who :
1.498x is a cluster of short Stop Losses, and hence is highly protected by bears, because if it is taken, price will go directly to the next SL cluster at 1.516x area.
DislikedMaking trading decisions based on a single candlestick in isolation of recent PA (S/R, Trend Lines, candle formations... etc) is like entering a dark room with one candle, compared to entering a dark room with as many candles as you can.Ignored
DislikedReferring back to GBPUSD, H1, example chart posted on 1st post, and updated with today PA as below. {image} Why price would go down to "test" 1.486x, or go up and "test" 1.498x. "test" here means bounce or break. Those are the closest areas of interest for the price at the moment. 1.486x represents a cluster of shorts who : Still think the major down trend will continue Have wide stops Will average on a higher price/or already averaged at a higher price It also represents a cluster of longs who : Think that the major trend is reversing, or an up...Ignored
Disliked{quote} So what have we learned from the analysis of the extra candles that you require? {quote} That basically price can either go up or down? GeniusIgnored
Disliked{quote} Of course Genius, the question is where you have your orders, and that can not be based on a single candle. Since your are Laughing on Floor, I'll give you a bonus quote that I saw on a recent thread to Laugh on, it goes "95% of the time price will close above or below the open."Ignored
Disliked{quote} So you know there are orders...but can you tell me what will happen when price hits those orders? Exactly, Price will either move up or down. See I told you the same thing (that price moves up or down from a point) from one candle that it took you multiple candles to explain I also told you that there is an edge in trading a single candlestick. I showed an explorer that demonstrated that. Just because you can't see it and can't be bothered to take the time to find the edge for yourself you decide to waste your time telling us nothing...Ignored
Disliked{quote} So the majority of Profitable technical traders look at multiple candle patterns to form and price levels. And you look at single candle for your trading edge? So do you have just one candle on your chart ?Ignored
Disliked{quote} We can all see patterns and levels so why are we not all profitable? Is that what really makes them profitable? Why is everyone not doing it then and making money? Are we just not seeing the levels or the patterns? Why are so many people getting it wrong? I have shared everything I wish to share in my thread.Ignored
QuoteDisliked"
And you look at single candle for your trading edge?
So do you have just one candle on your chart ?
"
Disliked{quote} We can all see patterns and levels so why are we not all profitable? Is that what really makes them profitable? Why is everyone not doing it then and making money? Are we just not seeing the levels or the patterns? Why are so many people getting it wrong? I have shared everything I wish to share in my thread.Ignored
DislikedSorry, but I can't just help myself and post (and never more on this thread). I just want to point out that those Jokers on the other thread are actually making more money than the Geniuses on this threadIgnored