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  • #181
  • Aug 30, 2017 9:37pm Aug 30, 2017 9:37pm
Red lines are the LH LL of the bigger rally. Look how the difference between the time of next LL LH is increasing now. I'm thinking continuation of LH LL
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A trade should be based on an assumption based on facts
  • #182
  • Aug 30, 2017 9:48pm Aug 30, 2017 9:48pm
If observation is correct then market will act according to the analyses.
If market was moving up before "candles with wicks" formed then an assumption can be made that market is looking to reverse/consolidate. So, some movement from market to validate this should happen.
A trade should be based on an assumption based on facts
  • #183
  • Aug 30, 2017 10:06pm Aug 30, 2017 10:06pm
Quoting maverick2017
{quote} http://www.thefreedictionary.com/consolidate Okay, retrace is when it makes new HH HL or LH LL and consolidation inside the previous HH HL or LH LL?
Make it simple, the only thing that differs consolidation and retracement is the direction. Consolidation tend to moves in range, you can make channel or box to notice it, while retracement moves against the big trend (counter trend).

Quoting maverick2017
{quote}"Nothing to do with bids/offers" Why?
It doesn't give signals, it's only price to reach your stop levels.
  • #184
  • Aug 30, 2017 10:08pm Aug 30, 2017 10:08pm
Quoting rekon67
{quote} Coming down to support = taking more demand before going up. So a strong USD = USDJPY up or buy But before a strong move it is likely to test supports to gather more demand. So one daily support where you put a sell on UJ, price may rise from here But that rise may not have a potential buyer move If to comes down to monthly support, from there even a big buying move is expected!
Guess, this is going to happen now.
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A trade should be based on an assumption based on facts
  • #185
  • Aug 30, 2017 11:45pm Aug 30, 2017 11:45pm
Quoting IPMan
{quote} Make it simple, the only thing that differs consolidation and retracement is the direction. Consolidation tend to moves in range, you can make channel or box to notice it, while retracement moves against the big trend (counter trend). {quote} It doesn't give signals, it's only price to reach your stop levels.
I would understand more if you can elaborate what you mean when you say "Consolidation tend to move in range". Which range are we talking here?
How will it reach my stop level?

If an only bid/offer candle is followed by a normal size candle in the direction of "only bid candle" then an assumption can be made on the movement of normal size candle that price is behaving the correct or incorrect way.
A trade should be based on an assumption based on facts
  • #186
  • Edited 12:27am Aug 31, 2017 12:16am | Edited 12:27am
But every trade is an agreement between a seller and buyer. How is this different ?
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A trade should be based on an assumption based on facts
  • #187
  • Aug 31, 2017 12:34am Aug 31, 2017 12:34am
How do you predict the future of the market without looking at the past?
A trade should be based on an assumption based on facts
  • #188
  • Aug 31, 2017 12:39am Aug 31, 2017 12:39am
what is a fake market move?
A trade should be based on an assumption based on facts
  • #189
  • Edited 1:37am Aug 31, 2017 1:15am | Edited 1:37am
Quoting maverick2017
{quote} I would understand more if you can elaborate what you mean when you say "Consolidation tend to move in range". Which range are we talking here? How will it reach my stop level? If an only bid/offer candle is followed by a normal size candle in the direction of "only bid candle" then an assumption can be made on the movement of normal size candle that price is behaving the correct or incorrect way.
There's a clear price bounce, top and bottom.
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Quoting maverick2017
{quote} How will it reach my stop level?
Spread widening, or some ppl call stop hunting.

Quoting maverick2017
{quote}If an only bid/offer candle is followed by a normal size candle in the direction of "only bid candle" then an assumption can be made on the movement of normal size candle that price is behaving the correct or incorrect way.
I don't get these lines, we were given bid price candle from the start so what's the difference?

Quoting maverick2017
But every trade is an agreement between a seller and buyer. How is this different ? {image}
What do you mean?

Quoting maverick2017
How do you predict the future of the market without looking at the past?
Fundamental, news. Not a fan tho.

Quoting maverick2017
what is a fake market move?
There's a big difference of price/move in a particular bar/candle but there's less volume, more or less according to Bill Williams.
  • #190
  • Aug 31, 2017 4:25am Aug 31, 2017 4:25am
Quoting IPMan
{quote} There's a clear price bounce, top and bottom. {image} {image} {quote} Spread widening, or some ppl call stop hunting. {quote} I don't get these lines, we were given bid price candle from the start so what's the difference? {quote} What do you mean? {quote} Fundamental, news. Not a fan tho. {quote} There's a big difference of price/move in a particular bar/candle but there's less volume, more or less according to Bill Williams.
This setup will work after a range is made by the price. either price moves inside the range or breaks out. But this range has to be established before one starts trading.
I'm trying to find the move before it happens.

Difference is if price moves in the direction of normal sized candle then we can say that assumption is correct but it will be incorrect if price does not move in the same direction as the normal size candle.

"What do you mean?"
A pin bar candle.

"There's a big difference of price/move in a particular bar/candle but there's less volume, more or less according to Bill Williams."
Thank you for this suggestion.
A trade should be based on an assumption based on facts
  • #191
  • Edited 5:05am Aug 31, 2017 4:32am | Edited 5:05am
EU 1H.
Need to understand how and why
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A trade should be based on an assumption based on facts
  • #192
  • Aug 31, 2017 5:00am Aug 31, 2017 5:00am
Quoting maverick2017
{quote} This setup will work after a range is made by the price. either price moves inside the range or breaks out. But this range has to be established before one starts trading. I'm trying to find the move before it happens.
Learn about pattern, there's a lot of that stuff. Harmonic, Elliott Wave, Wolfe Wave, etc.

Quoting maverick2017
{quote}Difference is if price moves in the direction of normal sized candle then we can say that assumption is correct but it will be incorrect if price does not move in the same direction as the normal size candle.
Single candle means nothing if you want to predict the moves.

Quoting maverick2017
EU 1H. Need to understand how and why {image} {image}
You're lacking of references, books, or articles. You won't find the answer by yourself, and there's a lot of ppl who do this before you. Try to read other's stuff instead of wondering what is happening.
  • #193
  • Aug 31, 2017 5:08am Aug 31, 2017 5:08am
Quoting maverick2017
But every trade is an agreement between a seller and buyer. How is this different ? {image}
Breakout or fakeout?
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A trade should be based on an assumption based on facts
  • #194
  • Aug 31, 2017 5:15am Aug 31, 2017 5:15am
Quoting IPMan
{quote} Learn about pattern, there's a lot of that stuff. Harmonic, Elliott Wave, Wolfe Wave, etc. {quote} Single candle means nothing if you want to predict the moves. {quote} You're lacking of references, books, or articles. You won't find the answer by yourself, and there's a lot of ppl who do this before you. Try to read other's stuff instead of wondering what is happening.
I should try to do these to best of my abilities.
I'm reading price like one reads a book and my assumption is correct then price should move to the direction anticipated. This requires a combination or a series of candles to form in a particular way.
It would be nice if you can post a couple of articles or link to others' stuff.
A trade should be based on an assumption based on facts
  • #195
  • Edited 5:41am Aug 31, 2017 5:21am | Edited 5:41am
EU H4 analysis
target - 1.732
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A trade should be based on an assumption based on facts
  • #196
  • Aug 31, 2017 5:57am Aug 31, 2017 5:57am
EU H1,
I think this is how it is
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A trade should be based on an assumption based on facts
  • #197
  • Aug 31, 2017 6:42am Aug 31, 2017 6:42am
Quoting IPMan
{quote} There's a clear price bounce, top and bottom. {image} {image} {quote} Spread widening, or some ppl call stop hunting. {quote} I don't get these lines, we were given bid price candle from the start so what's the difference? {quote} What do you mean? {quote} Fundamental, news. Not a fan tho. {quote} There's a big difference of price/move in a particular bar/candle but there's less volume, more or less according to Bill Williams.
If candlesticks make a pattern on the chart then why not read candlesticks ?
A trade should be based on an assumption based on facts
  • #198
  • Aug 31, 2017 6:58am Aug 31, 2017 6:58am
Quoting maverick2017
{quote} If candlesticks make a pattern on the chart then why not read candlesticks ?
There's a difference on reading those, while pattern gives you idea about where the price is going, candle gives you levels(S/R, Supply/Demand, etc)
But I personally don't use candlesticks anymore for that purpose because those levels are pure bullshit. I got a good quote from a member here

Quote
Candles are magicians trick. They used to be useful when trading some goods/commodities, past in time. Now, they are focus bogus thing. They completely delude you. Entirely. One needs a professional training to shorten the 10-20 years otherwise required to learn the magicians tricks...
  • #199
  • Aug 31, 2017 7:15am Aug 31, 2017 7:15am
Quoting IPMan
{quote} There's a difference on reading those, while pattern gives you idea about where the price is going, candle gives you levels(S/R, Supply/Demand, etc) But I personally don't use candlesticks anymore for that purpose because those levels are pure bullshit. I got a good quote from a member here {quote}
I think if you look at different time frames then one of them will work better for one type of analysis.
A trade should be based on an assumption based on facts
  • #200
  • Aug 31, 2017 7:17am Aug 31, 2017 7:17am
Quoting maverick2017
{quote} I think if you look at different time frames then one of them will work better for one type of analysis.
LOL, I use custom time frames which are not exist in mt4 platform. But nothing to do with candlesticks analysis.
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