Beyond the Candles

GOGO / M / FOLD / ADES

hi Fxgroup, so happy to read you here again. I follow you.

Hello old friend, nice to see you too !

Time for profits.......XOMA

Hi All ,

NIce to see activity in this thread after so many years

Hi All,
I have read through the thread and feel I'm very fortunate to receive values from this thread.
This is my plan on AUDUSD.
Please consider my levels on the chart.
Best regards,
Sanji

EURAUD - TRADING PLAN




-David

EURAUD The price has cut the level so hard today! No price action, no enter in the trade.

Note how a range market has formed, and our level is median level. Buyers and sellers are fighting for the price, let's see who will win. My sentiment is that sellers will win, since they have the power of the trend to their part. But we don't trade sentiments.. so, let's sit and see.

It seems yesterday !!!

GBPAUD


Price in RM on W chart with very clear MM levels....this is what I am looking for the P to react at my levels.

PTT&TTP

EURCAD

USDJPY

The P is within the triangle but be carefull because we are still within the M controlling bar

USDSGD


Waiting for the P to make the first step !

EURSGD

AUDNZD: Price tried to break the R at 1.07768.. Then got back in and, after a RET, we had a nice bearish PB in January.. My strategy and plan will be to wait for a RET+PA in the "Supply zone" in the D timeframe, OR if i will not have a reaction there, i'll wait for a PA at the level.




Obviously the target is the low of the bullish candle before the pinbar

The only problem I have with AUDNZD is the fact it is still within the M RM ( bullish fase ) with a lot of traffic !

AUDNZD didn't give me any confirmation so i didn't get in (luckily, since it's rising! LOL).

Now i'm thinking about opening a long trade on GBPNOK.. Today we've had a BUOB in a good point.



This level was really strong as a R before and as a S later.


We can see an head&shoulders pattern on the support level and today we had a BUOB after a retest of the neckline.


Finally, i've opened a long position on USDPLN: M PB and a double bottom with a BUOB on daily.

UPDATE: TP reached on GBPNOK, while the long position on USDPLN is still running. To be honest, i didn't expect the price to make that last swing on USDPLN. Let's see how the trade will go..

My next plan is to look for a close above the LM of the GBPNOK's RM.. then wait for a confirmation and open another long position until the R of the RM.

USPLN is on my radar too but the weak M bullish PB and the W doji tell me that the P will need a strong D PA after a D RM period ...tic tac, tic tac !

Notice how The D PA that triggered your trade didn't closed within the above D RM...beeing so close to it !

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, then wait for the price to reach the R.

But i've choosen the most risky path, and lost money, because i could not see this simple solution to make profit. Sometimes it is frustrating to see things clearly just with the "cold mind", this is an aspect of my trading i MUST work on, or i will never be a better trader.