Beyond the Candles

Hi dra

Remember that the PA location is one of the most important factor in picking the right one . If we have a DT we like to see the second PA candle not so much lower from the previous swing because the P almost always retrace to it.

Hi fxgroup, i've opened that trade because the pinbar was near the R of the M RM. But you are 100% right, i've noticed that too. Thank you really much for the advice!

EURUSD

M: DT



D: DT+ bearish PB

I didn't like how EURUSD W candle has closed, so i've closed the trade today with a little profit.

USDCAD

On the M TF, we have a PB at the R level of the RM:


On the D TF, we have a PB on the R level of the RM after a RET:


I am going to open a short trade, SL will be above the maximum level of the PB, TP will be at the S of the RM, at 1.2380.

But we notice something else. The H&S's target is at 1.23 RN, which is one of the most important levels for this pair (USDCAD) . We may consider to close 1/2 or 2/3 of the trade at 1.2380, and the rest of the trade at the target of the H&S (1.23 RN):

UPDATE: I didn't like the double bottom at the trendline, so i've decided to close the trade on USDCAD. I've made 50% of the profit i expected to, but now i was not confident anymore.

Hi dra

USDCAD nice and simple...with an eye on 1.3658 as MM level

Dearest fxgroup,
What about this interpretation instead? The price may have been re-entered inside a huge past range market.

The old RM gives us the information of market dynamic 2 but this is just an information, we trade the actual RM.

On my radar

My comments about the pairs on your radar:

EURAUD:

Regarding this pair, we see the exact same thing. I just want to add that the price has just broken a dynamic range market, which was a battle for the dynamic level (trendline) which was won by the sellers. We have a first target at the target of the range market, then a second target at 1.38196:


CADCHF:

Price did just re-enter inside a huge M range market, then retested it and now it's headed to 0.77577. In my humble opinion, the most wise choice is to wait for the price to break 0.75 BRN, wait for a retest and enter there LONG until 0.77577.





Seems like this time our analysis is almost the same, fxgroup! Im proud of this.

Did you see USDCAD? Price dropped hard!


EDIT: What about USDNOK? Here's my plan.

M:


D:


My plan is to wait for the close of the M candle, then wait for a RET+PA at the level, then go short until the support.

I agree with you on EURAUD and CADCHF.
USDCAD droped hard because of the M candle.
USDNOK P in RM with no pace, heavy traffic.

A simple chart worths more then thousans words...NESTLE.
If you have any doubts about it just post it !

Nice situation. I see that the PB's body is really far from the level, so there is a huge probability of a retracement at the R.

Just one question: what is your trading plan at the level? I would like to know, especially where you are going to set the take profit (your target). Thank you!

The main information is the PB did not closed below the level but at the same time I have to admit the MM must be very agressiv, the BUOB would have been the best entry in confluence with bullish D TL

This is a simple example of PTT&TTP in stock market.....CEDAR M chart on my radar

@fxgroup How do you find / preselect candidates like this one?

Hi

I have a long list of various stocks and passing throu I put them on the watch list oance I identify a possible opportunity.

Simple and very effective trading is just I try to explain in this thread....ELS


If you want to trade with me just send me a messagge..let's make a community and trade together !

P.S. I would like to mention that I don't have anymore the subscribtion trading education site, no youtube channel or something like this....EVERYTHING IS FREE TRADING /EDUCATION !

Do you want to see one more ?...very simple !.....PBT

If you have already understood WPD&WPG you know what to do on D chart !...but if you don't , just get involved,ask and you will get some answers !


If you want to trade with me just send me a messagge..let's make a community and trade together !

P.S. I would like to mention that I don't have anymore the subscribtion trading education site, no youtube channel or something like this....EVERYTHING IS FREE TRADING /EDUCATION !