DoNotFollowThis | Page 19 | Forex Factory

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DoNotFollowThis

  • #361
  • Sep 13, 2017 4:57am Sep 13, 2017 4:57am
Lots of wicks.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 analysis 7.png Size: 27 KB


UJ H4
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A trade should be based on an assumption based on facts
  • #362
  • Sep 13, 2017 5:10am Sep 13, 2017 5:10am
Possible buy on GBP/CAD .
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A trade should be based on an assumption based on facts
  • #363
  • Sep 13, 2017 6:34am Sep 13, 2017 6:34am
resistance line
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Click to Enlarge Name: UJ 15M analysis 41.png Size: 27 KB
A trade should be based on an assumption based on facts
  • #364
  • Sep 13, 2017 7:04am Sep 13, 2017 7:04am
Need to think more about the equilibrium candle.
A trade should be based on an assumption based on facts
  • #365
  • Edited 7:49am Sep 13, 2017 7:28am | Edited 7:49am
Technically speaking the candles with arrows on top should not occur.
So, what does it mean when they showup?
These would be price levels people would have sold/buy on against the trend. To have a move against the trend would require large volume. These levels can be called possible price reversal levels.
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Click to Enlarge Name: UJ H4 analysis 13.png Size: 23 KB
A trade should be based on an assumption based on facts
  • #366
  • Sep 13, 2017 7:53am Sep 13, 2017 7:53am
Consolidation.
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A trade should be based on an assumption based on facts
  • #367
  • Sep 13, 2017 7:54am Sep 13, 2017 7:54am
Market moves when something wrong about the market gets discovered.
A trade should be based on an assumption based on facts
  • #368
  • Sep 13, 2017 7:56am Sep 13, 2017 7:56am
EUR/USD and AUD/USD charts have almost same PA
A trade should be based on an assumption based on facts
  • #369
  • Sep 13, 2017 8:42am Sep 13, 2017 8:42am
What is the difference between ticks and candles?
A trade should be based on an assumption based on facts
  • #370
  • Sep 13, 2017 10:29am Sep 13, 2017 10:29am
Quoting maverick2017
Lots of wicks.{image} UJ H4{image}
new bull rally on UJ H4 spotted
A trade should be based on an assumption based on facts
  • #371
  • Sep 14, 2017 12:02am Sep 14, 2017 12:02am
Quoting maverick2017
Consolidation. {image}
correct.
A trade should be based on an assumption based on facts
  • #372
  • Sep 14, 2017 12:07am Sep 14, 2017 12:07am
Equilibrium/uncertainty candle.
Can be thought as a pivot level.
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Click to Enlarge Name: UJ H4 analysis 14.png Size: 33 KB
A trade should be based on an assumption based on facts
  • #373
  • Sep 14, 2017 5:03am Sep 14, 2017 5:03am
UJ M15. Possible.
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A trade should be based on an assumption based on facts
  • #374
  • Sep 14, 2017 5:05am Sep 14, 2017 5:05am
There is always a trade in the market. It depends on your skill if you can trade in market's direction.
A trade should be based on an assumption based on facts
  • #375
  • Sep 14, 2017 5:56am Sep 14, 2017 5:56am
An assumption.
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A trade should be based on an assumption based on facts
  • #376
  • Sep 14, 2017 6:05am Sep 14, 2017 6:05am
Why are Open, high, low and close so important?

Open is when there is a disagreement between buyers and sellers, the equilibrium is disturbed.

Close is when there is an agreement between buyers and sellers.

High is the highest level price checked to find an equilibrium or agreement.

Low is the lowest level price checked to find an equilibrium or agreement.
A trade should be based on an assumption based on facts
  • #377
  • Sep 14, 2017 6:25am Sep 14, 2017 6:25am
What does a candle with same open and close signify?

Doji form when a security's open and close are virtually equal.
A trade should be based on an assumption based on facts
  • #378
  • Sep 14, 2017 6:36am Sep 14, 2017 6:36am
After doji price can move in either direction. Therefore, direction of the long term can be assumed after doji.
A trade should be based on an assumption based on facts
  • #379
  • Sep 14, 2017 6:46am Sep 14, 2017 6:46am
UJ can rise upto 111.00
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Click to Enlarge Name: UJ Daily analysis 9.png Size: 33 KB
A trade should be based on an assumption based on facts
  • #380
  • Sep 14, 2017 6:53am Sep 14, 2017 6:53am
Quoting maverick2017
UJ M15. Possible. {image}
I guess this happened here.
A trade should be based on an assumption based on facts
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