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DoNotFollowThis

  • #261
  • Edited 10:09am Sep 4, 2017 9:52am | Edited 10:09am
lots of bids here
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Guessing
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A trade should be based on an assumption based on facts
  • #262
  • Sep 4, 2017 10:10am Sep 4, 2017 10:10am
When and where buying and selling pressure found in a chart?
A trade should be based on an assumption based on facts
  • #263
  • Sep 4, 2017 10:54am Sep 4, 2017 10:54am
Quoting maverick2017
When and where buying and selling pressure found in a chart?
use market profile.
  • #264
  • Sep 4, 2017 12:19pm Sep 4, 2017 12:19pm
Quoting rekon67
{quote} use market profile.
how do I put market profile on a chart?
If my understanding is correct then if price is below the central price i.e. where price traded for most time then price could rise further. So, a buy trade will make sense. Similarly for when price is above it can be sold.
Correct me if this observation is wrong or something is missing.
A trade should be based on an assumption based on facts
  • #265
  • Sep 4, 2017 9:52pm Sep 4, 2017 9:52pm
Theory - Market is always trying to find a price agreed by both buyers and sellers. This equilibrium can be seen in a candle stick with almost same open and close. As soon as this equilibrium is attained, price will start moving in the direction of following move. Following move can be a result of buying pressure candle or selling pressure candle at the equilibrium point. If equilibrium is attained after buying pressure candle then next candle maybe a bull candle and opposite for selling pressure candle. Next candle can also be a uncertainty candle.
At times the candle following buying pressure candle maybe followed by selling pressure candle. In such cases assumption can be made that all buying pressure has been consumed by the new candle and new sellers have entered the market.
A trade should be based on an assumption based on facts
  • #266
  • Edited Sep 5, 2017 12:33am Sep 4, 2017 10:12pm | Edited Sep 5, 2017 12:33am
How do you look at these three candles?
Normal body candle preceded by selling pressure candle and followed by buying pressure candle.

This can be understood as not enough bids found at normal body candle so price is moving in opposite direction in the next candle. So, if the pin bar at the top of the price showing selling pressure is correct then normal body candle will be followed by another normal body candle or selling pressure candle. This action has happened in the candle following buying pressure candle.

How to understand the buying pressure candle?
The low of the candle is the price at which buyers appeared. So, this low can be assumed to be the price at which buyers were more than sellers. And a support line can be made at this low.

But how does this buying pressure candle relate to previous normal body candle?
Buying pressure candle shows weakness at bear normal body candle. But candle following the buying pressure candle is a selling pressure candle. This new selling pressure searched for bids till normal body candle high. So, the sell position is now re-enforced.
Attached Image (click to enlarge)
Click to Enlarge Name: EU daily analysis 1.png Size: 24 KB
A trade should be based on an assumption based on facts
  • #267
  • Sep 5, 2017 12:57am Sep 5, 2017 12:57am
EU H1 shows upward trend continues.
EU D1 shows selling i.e. downwards
A trade should be based on an assumption based on facts
  • #268
  • Sep 5, 2017 1:56am Sep 5, 2017 1:56am
Quoting maverick2017
Trade idea - If a new LH LL is to be made then a bearish engulfing like candle might form (without wicks) when trading opens. Candle with wicks followed by only bid/offers candle can be used to determine direction. {image}
looks like LH LL is being made on this UJ daily. Therefore maybe price will be moving down
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A trade should be based on an assumption based on facts
  • #269
  • Sep 5, 2017 2:15am Sep 5, 2017 2:15am
A bull candle in a bear trend/rally means the bull candle has equalised the previous bear candle trend.

How would the price move next?
Price would start to move again in a direction that can be assumed by the bull candle in a bear trend/rally.
A trade should be based on an assumption based on facts
  • #270
  • Edited 7:57am Sep 5, 2017 6:50am | Edited 7:57am
Market looks indecisive. EU H1
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Decreasing buying pressure. 15M. Uncertainty may follow.
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waiting for uncertainty but it might never happen

Find how did the candle convert
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Uncertainty
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A trade should be based on an assumption based on facts
  • #271
  • Sep 5, 2017 8:06am Sep 5, 2017 8:06am
Question - What is the arrowed candle doing there?
Attached Image (click to enlarge)
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A trade should be based on an assumption based on facts
  • #272
  • Sep 5, 2017 8:21am Sep 5, 2017 8:21am
Predicting EU 15M
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predicting UJ H1
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A trade should be based on an assumption based on facts
  • #273
  • Sep 5, 2017 8:42am Sep 5, 2017 8:42am
Quoting maverick2017
Predicting EU 15M {image} predicting UJ H1 {image}
EU 15M was correct.
Waiting for UJ H1
A trade should be based on an assumption based on facts
  • #274
  • Sep 5, 2017 8:44am Sep 5, 2017 8:44am
Need to find a way to define/find reference candle
A trade should be based on an assumption based on facts
  • #275
  • Edited 9:35am Sep 5, 2017 9:16am | Edited 9:35am
Anyone with a 1.17300 price on EU chart ?
A trade should be based on an assumption based on facts
  • #276
  • Sep 5, 2017 9:22am Sep 5, 2017 9:22am
EU H1
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A trade should be based on an assumption based on facts
  • #277
  • Sep 5, 2017 9:36am Sep 5, 2017 9:36am
Quoting maverick2017
Predicting EU 15M {image} predicting UJ H1 {image}
Wrong on both.
A trade should be based on an assumption based on facts
  • #278
  • Sep 5, 2017 9:37am Sep 5, 2017 9:37am
EU needs to break 1.18200 to move lower.
A trade should be based on an assumption based on facts
  • #279
  • Sep 5, 2017 9:46am Sep 5, 2017 9:46am
Quoting maverick2017
EU H1 shows upward trend continues. EU D1 shows selling i.e. downwards
H1 trend continues.
A trade should be based on an assumption based on facts
  • #280
  • Edited 11:44am Sep 5, 2017 11:26am | Edited 11:44am
selling pressure -- buying pressure -- selling pressure -- buying pressure -- buying pressure -- market moves down.

Has this ever happened. Why? How to make sense of this?
A trade should be based on an assumption based on facts
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