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Attachments: Beyond the Candles
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Beyond the Candles

USDJPY


The controlling bar still in charge !

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Nothing personal,just business
Quoting dra794
Ehy fxgroup, you're right. I was just going to write an update here and i found your comment! I evaluated to close my USDPLN trade, even if it was losing. Considering the trade i just did on GBPNOK , i made a slight profit overall. So overall i'm satisfied, but i'm really "angry", or to better say, "frustrated" for the USDPLN trade. Here is a new graph of the same pair.. There's a strong zone ABOVE the daily Rm you were talking about. The easiest plan i could follow was to wait for the price to break above, retest and wait for a D PA on the level,...
Your trade just reached the TG !
Nothing personal,just business
Quoting fxgroup
{quote} Your trade just reached the TG !

Dearest Ian,
unfortunately not: i did close my trade with a slight loss. My SL was placed under the BUOB when i posted the trade. I felt i had to close the trade because i didn't like how the price moved after that buob. Some days after that, the price reached the price where the stop loss were positioned.. So i was right to close the trade. But in the long run, the direction was right!
Trading idea: price hits R at 1.86273. After that, we've had a doji.. But, to me, the market has decided with that dynamic RM, and the DBHLC.
Where does the price go? 1.81798.


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UPDATE GBPSGD: Still observing this pair without any trade being done for now. However, the market has given us further informations. At the moment, in my humble opinion, a trader should be REALLY careful if he/she's evaluating a short trade. I'm glad i didn't open that short trade at last. There's a strong support where the price reacted strongly bullish after a lot of liquidity has been spent with the previous bearish swing without any major correction. Probably it's wiser to wait and wait for a clear decision of the market. For now, i'm expecting a bullish correction..

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This is my PTT&TTP on GBPUSD

The P reached the RM's R and we have to wait for an information if the sellers will push the P down back to the RM's S or if the buyers will go beyond the R..wait...wait..wait

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Nothing personal,just business
I think you're right. I thought we had the opportunity for a short trade but it seems like now the GBP is gonna rally bullish.. Luckily i didn't get in, i didn't trust totally that trade.
Better to wait.
UPDATE: Seems like the bullish correction happened really fast at last!!! Thankful i didn't short ..

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Sorry..I wrote GBPUSD...I was meaning GBPSGD !
Nothing personal,just business
greetings to everyone, mainly to fxgroup, I'm happy with your return.
I tried on the Italian forum, but nothing. returning to us gbpusd I see it like this.
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Nice analysis, Peppe! Unfortunately, the italian forum has been close due to the lack of active members. Me and other 2 users were the only one posting there, so it was not worth keeping it online.
Back to GBPUSD, your analysis is great! But i would prefer to wait for the close of the monthly candle in order to wait for a retracement on the resistance level of the range market.
tank you dra.
I found the old user.
I notice a dull situation here too, or am I wrong?
You're not wrong. This methodology requires years of practice, especially the "psychological component" of it. I guess not many traders are willing to work for years on their personality and create a mindset based on waiting, having patience and wait for the right moment to get in the market. I also lack of this patience, but i'm still trying.
Quoting peppe.999
greetings to everyone, mainly to fxgroup, I'm happy with your return. I tried on the Italian forum, but nothing. returning to us gbpusd I see it like this. {image} {image}
Hi Peppe...nice to see you again !

GBPUSD...the M is telling all the sory we really need !
Nothing personal,just business
that the price will come first up to the LM, M .
True? :-)
Quoting fxgroup
{quote} Hi Peppe...nice to see you again ! GBPUSD...the M is telling all the sory we really need !
Can you kindly explain more clearly with the chart.
Thanks
Novice
Hi novice

The M chart shows us that the P is in RM and now the buyers reached the RM's R. We do not know yet if the buyers will push the P higher and will close above the RM's R or if the sellers will take the P controll. All we have to do is to wait for the P to make the first step in order to have the information.

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Nothing personal,just business
Quoting fxgroup
Hi novice The M chart shows us that the P is in RM and now the buyers reached the RM's R. We do not know yet if the buyers will push the P higher and will close above the RM's R or if the sellers will take the P controll. All we have to do is to wait for the P to make the first step in order to have the information. {image}
Hi Fxgroup,
Thanks for the explanation. As I would be planing to Trade on a Daily Chart, Therefore, should we be looking at the Monthly Highest close area, Or monthly Highest point, or Daily Highest close area for clues to Go Short. Should we be looking for double top in this area for going short. Needless to state if the Price blows through the are Resistance, then we should be looking for the Price to come back and retest the Resistance ( which will become support) for going long.

Sometime back you had floated the idea of having some webinars, therefore, will you hold the webinar in near future. Maybe one to explain your strategy as well as to go over your last few trades to know the setup and reasons why you took the trade.

Thanks
Novice
USDTRY:
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M: On the M chart we have a NCA information + doji. Momentum slows down. Moreover, the candle before the doji seems an exhaustion candle to me, since it occupies all the space from S to R without closing above.




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D: On the D chart we can see 2 pinbars: the first one is still "valid", and the second one yesterday on the lower timeframes is a H&S. I've opened a short trade at 8.28039 with SL at 8.37470 and TP at 8.01913.

Let's see how it goes, i'll update.
Quoting dra794
USDTRY: {image}M: On the M chart we have a NCA information + doji. Momentum slows down. Moreover, the candle before the doji seems an exhaustion candle to me, since it occupies all the space from S to R without closing above. {image} D: On the D chart we can see 2 pinbars: the first one is still "valid", and the second one yesterday on the lower timeframes is a H&S. I've opened a short trade at 8.28039 with SL at 8.37470 and TP at 8.01913. Let's see how it goes, i'll update.

UPDATE: I didnt' like how the price moved today.. So i decided to close my position with a tiny profit.
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