DoNotFollowThis | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: DoNotFollowThis
Exit Attachments

DoNotFollowThis

  • #161
  • Aug 30, 2017 5:34am Aug 30, 2017 5:34am
How to discover the "What to look for before entering a trade?".
A trade should be based on an assumption based on facts
  • #162
  • Aug 30, 2017 5:34am Aug 30, 2017 5:34am
Quoting LocoGuy
{quote} Naah What's left for a day-trader then?
Pattern.
  • #163
  • Aug 30, 2017 5:36am Aug 30, 2017 5:36am
This is the resistance line which will help me take my analysis and reading further.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GC analysis 3.png Size: 26 KB
Click to Enlarge Name: GC analysis 4.png Size: 26 KB
A trade should be based on an assumption based on facts
  • #164
  • Aug 30, 2017 5:40am Aug 30, 2017 5:40am
Quoting maverick2017
This should mean something. Waiting for HH HL to break. {image}
If price is moving down after touching yellow line then what is my this equation missing.
(engulfing) + (long wick candles) + (only bids/offers) + (end of HH HL or LH LL)= end/beginning of a move
A trade should be based on an assumption based on facts
  • #165
  • Aug 30, 2017 5:43am Aug 30, 2017 5:43am
UJ looks like going down. Don't know how could this be possibly wrong according to technical analysis.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 15M analysis 26.png Size: 30 KB
A trade should be based on an assumption based on facts
  • #166
  • Aug 30, 2017 5:53am Aug 30, 2017 5:53am
Limited analysis not good for entering a position. More detailed chart coming soon.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 15M analysis 27.png Size: 25 KB
A trade should be based on an assumption based on facts
  • #167
  • Aug 30, 2017 6:03am Aug 30, 2017 6:03am
Quoting maverick2017
This is the resistance line which will help me take my analysis and reading further. {image} {image}
Need to find reference candle for this rally.
Attached Image (click to enlarge)
Click to Enlarge Name: GC analysis 5.png Size: 31 KB
A trade should be based on an assumption based on facts
  • #168
  • Aug 30, 2017 6:13am Aug 30, 2017 6:13am
Quoting maverick2017
This is the resistance line which will help me take my analysis and reading further. {image} {image}
Need to find reference candle.

Found it.
What would be the move size?
Attached Image (click to enlarge)
Click to Enlarge Name: GC analysis 6.png Size: 35 KB
A trade should be based on an assumption based on facts
  • #169
  • Aug 30, 2017 6:24am Aug 30, 2017 6:24am
Do not know why but UJ feels like coming down.
A trade should be based on an assumption based on facts
  • #170
  • Aug 30, 2017 6:31am Aug 30, 2017 6:31am
What does it mean when a opposite side candle enters a rally? example - black candle in a bull rally and white candle in a bear rally
A trade should be based on an assumption based on facts
  • #171
  • Aug 30, 2017 6:33am Aug 30, 2017 6:33am
Quoting maverick2017
{quote} Breakout or fake out ? {image}
Breakout downwards
A trade should be based on an assumption based on facts
  • #172
  • Aug 30, 2017 6:37am Aug 30, 2017 6:37am
Quoting maverick2017
{quote} Made a HH so trend is intact {image}
GBP/CAD
Trend is intact.
How to measure the size?
Wait for the next candle OR take hints from history of the pair?
Attached Image (click to enlarge)
Click to Enlarge Name: GC analysis 7.png Size: 32 KB
A trade should be based on an assumption based on facts
  • #173
  • Edited 8:22am Aug 30, 2017 6:47am | Edited 8:22am
Read more in charts.

there are more than three ways this candlestick can be made. Information about the pattern formed during the making of candle can be found in candlesticks forming after the main candle i.e. candle with wicks is formed. If both are similar then the corresponding result price action of the candles formed later can be used to enter profitable trades.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 15M analysis 28.png Size: 24 KB
A trade should be based on an assumption based on facts
  • #174
  • Edited 8:48am Aug 30, 2017 8:24am | Edited 8:48am
Not sure if I'm right or wrong, UJ looks really different in small duration and big duration candles.

What does it mean if price remains within the price range of a particular candle?

If it remains in a price range then it should act similarly to the price action that made that particular candle. So, if the reference is a bull candle then PA should break out of the range with a bull candle and if the price reference is a bear candle then break out should be with a bear candle. I guess there is something missing here. Need to think more.
Attached Image (click to enlarge)
Click to Enlarge Name: Theory 1.png Size: 21 KB
A trade should be based on an assumption based on facts
  • #175
  • Aug 30, 2017 8:51am Aug 30, 2017 8:51am
Need understanding on the difference between retrace and consolidation.
A trade should be based on an assumption based on facts
  • #176
  • Edited 6:30pm Aug 30, 2017 6:07pm | Edited 6:30pm
today's work is to determine how to find a method to determine the reference candle.

1. Only bids/offers + candles with long wick + engulfing = new reference candle
A trade should be based on an assumption based on facts
  • #177
  • Aug 30, 2017 7:04pm Aug 30, 2017 7:04pm
Quoting maverick2017
Not sure if I'm right or wrong, UJ looks really different in small duration and big duration candles. What does it mean if price remains within the price range of a particular candle? If it remains in a price range then it should act similarly to the price action that made that particular candle. So, if the reference is a bull candle then PA should break out of the range with a bull candle and if the price reference is a bear candle then break out should be with a bear candle. I guess there is something missing here. Need to think more. {image}
It's called consolidation, pausing the trend

Quoting maverick2017
Need understanding on the difference between retrace and consolidation.
Seems you still don't get it, it's simple actually. Look at the direction

Quoting maverick2017
today's work is to determine how to find a method to determine the reference candle. 1. Only bids/offers + candles with long wick + engulfing = new reference candle
Nothing to do with bids/offers
  • #178
  • Aug 30, 2017 7:16pm Aug 30, 2017 7:16pm
Quoting IPMan
{quote} It's called consolidation, pausing the trend {quote} Seems you still don't get it, it's simple actually. Look at the direction {quote} Nothing to do with bids/offers
http://www.thefreedictionary.com/consolidate

"Seems you still don't get it, it's simple actually. Look at the direction"
Okay, retrace is when it makes new HH HL or LH LL and consolidation inside the previous HH HL or LH LL?

"Nothing to do with bids/offers"
Why?
A trade should be based on an assumption based on facts
  • #179
  • Aug 30, 2017 7:21pm Aug 30, 2017 7:21pm
Wicks mean market is still searching for a direction aka uncertainty.
So, if a only bids/offers candle is found after a series of candles with wick then this process has some significance.
Engulfing means market has found a direction, I guess. But what happens if engulfing is met with another engulfing?
What is the significance of a long regular body candle here?
A trade should be based on an assumption based on facts
  • #180
  • Aug 30, 2017 7:24pm Aug 30, 2017 7:24pm
One EU prediction.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15M analysis 21.png Size: 24 KB
A trade should be based on an assumption based on facts
0 traders viewing now