Law Of Chart | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

tick chart vs minute chart 17 replies

What is the difference between an "interday" chart and "intraday" chart? 2 replies

1 bar in 1H chart = how many bar in 5min chart? 3 replies

gbpjpy tick chart difference with 5m chart 0 replies

Attachments: Law Of Chart
Exit Attachments

Law Of Chart

  • #221
  • Nov 5, 2009 3:00am Nov 5, 2009 3:00am
Quoting lolis
Inspiring topic Don. but.. now I am confused, I thought you trade naked charts, but in newest charts I see some line. Is that moving averge? So you trust some lines too? =]
Welcome Bro..
I have 2 Horizontal lines of prio day high and low and vertical line of daily candles....that is 50ema on my chart for channel only on pull back and breakout of ledge, trading range ,consolidation and RH ...i dont use MA for entry or TP my entry is law of chart and exit often trail or when i feel like closing ....
MY OPINION NOT FINANCIAL ADVISE
  • #222
  • Nov 5, 2009 8:00pm Nov 5, 2009 8:00pm
hi don,

usdcad what is your opinion, i'm waiting for long this currency

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 1-2-3 setup.gif Size: 28 KB
  • #223
  • Nov 5, 2009 8:23pm Nov 5, 2009 8:23pm
Quoting my30marahaba
hi don,

usdcad what is your opinion, i'm waiting for long this currency

brgds,
my30marahaba

congestion for now until is break point 2...i think u have 50ema on your chart right? ...that is what i use it for breakout...todays high can also be point 1 bro so we need to break 1 of this direction so we are still in congestion...
Thanks for you support bro..
MY OPINION NOT FINANCIAL ADVISE
  • #224
  • Nov 5, 2009 8:26pm Nov 5, 2009 8:26pm
I would like the GJ to breakout the current consolidation on the upper side, but set the trigger on both sides.

Sorry for stepping in, my30marahaba. In my experience, many Asian breakouts on CAD pairs are false (off course sometimes they are right). But, you know, you can't get anything without risking small pips so I think it's nothing wrong to go for it. But today both CAD Employment figure and NFP are coming, both of which move the market like crazy. So I personally will try to secure some pips by the time.
Attached Image
  • #225
  • Nov 5, 2009 10:06pm Nov 5, 2009 10:06pm
Quoting donfriday
congestion for now until is break point 2...i think u have 50ema on your chart right? ...that is what i use it for breakout...todays high can also be point 1 bro so we need to break 1 of this direction so we are still in congestion...
Thanks for you support bro..
yes bro 45EMA/50EMA that for break out purpose which the ema as secondary trend line
  • #226
  • Nov 5, 2009 10:09pm Nov 5, 2009 10:09pm
Quoting Far East Man
I would like the GJ to breakout the current consolidation on the upper side, but set the trigger on both sides.

Sorry for stepping in, my30marahaba. In my experience, many Asian breakouts on CAD pairs are false (off course sometimes they are right). But, you know, you can't get anything without risking small pips so I think it's nothing wrong to go for it. But today both CAD Employment figure and NFP are coming, both of which move the market like crazy. So I personally will try to secure some pips by the time.
noted with thank's bro for your kindly info of this cad curr
  • #227
  • Nov 5, 2009 11:20pm Nov 5, 2009 11:20pm
Bro,

Keep the light shinning and may this no stop shinning, i m just too happy for u and i m glad u re in the club finally.

You re welcome to the club of 123.

prince_larri
  • #228
  • Nov 6, 2009 12:46am Nov 6, 2009 12:46am
Quoting my30marahaba
noted with thank's bro for your kindly info of this cad curr
My pleasure, mate. CAD pairs are good when you are in a right direction.

As for the GJ long brekout, I only took 10 pips and got away before the retracement happened. I normally don't close too early, but there was no momentum as I wanted. If it was a real breakout, the price must have moved really fast, but it wasn't. So I'm glad I closed it with a little bit of profit.

I don't know what to do next. I won't carelessly jump in, but I'll ride on it when I see the right price action like Don and my30marahaba do here.
  • #229
  • Nov 6, 2009 1:31am Nov 6, 2009 1:31am
Quoting Far East Man
My pleasure, mate. CAD pairs are good when you are in a right direction.

As for the GJ long brekout, I only took 10 pips and got away before the retracement happened. I normally don't close too early, but there was no momentum as I wanted. If it was a real breakout, the price must have moved really fast, but it wasn't. So I'm glad I closed it with a little bit of profit.

I don't know what to do next. I won't carelessly jump in, but I'll ride on it when I see the right price action like Don and my30marahaba do here.
hi FEM,

I'm still watching this cad currency not yet taken IN the trade waiting until the pa break out the consolidation area 1st then i will see the good entry point

now see the updated cad chart nicely if the pa break out to upward D1,H4 and 1hrs TF is on the bullish camp

cheer
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad1.JPG Size: 90 KB
Click to Enlarge Name: cad2.JPG Size: 83 KB
Click to Enlarge Name: cad3.JPG Size: 84 KB
  • #230
  • Nov 6, 2009 1:39am Nov 6, 2009 1:39am
Quoting my30marahaba
hi FEM,

I'm still watching this cad currency not yet taken IN the trade waiting until the pa break out the consolidation area 1st then i will see the good entry point

now see the updated cad chart nicely if the pa break out to upward D1,H4 and 1hrs TF is on the bullish camp

cheer
Hi my30marahaba,

Yea, looking for an entry after the breakout of the consolidation would be much better, I guess, especially for CAD. Just be cautious about CAD Emp figure.

FEM
  • #231
  • Nov 6, 2009 2:49am Nov 6, 2009 2:49am
short 1-2-3H closed 5 green and now waiting for point 2 or we remain in congestion if next bar cant go above point 2
Attached Image (click to enlarge)
Click to Enlarge Name: 11-6-2009 8-47-37 AM.png Size: 13 KB
MY OPINION NOT FINANCIAL ADVISE
  • #232
  • Nov 6, 2009 3:08am Nov 6, 2009 3:08am
hi don & all,
What is your view for this NU on daily TF, in my view down trend to be in progress next week is the important for this NU see the 1-2-3 set up,
what do you opinion for it don?
Attached Image (click to enlarge)
Click to Enlarge Name: nu 1-2-3 set up h&l.gif Size: 28 KB
  • #233
  • Nov 6, 2009 3:19am Nov 6, 2009 3:19am
Quoting my30marahaba
hi don & all,
What is your view for this NU on daily TF, in my view down trend to be in progress next week is the important for this NU see the 1-2-3 set up,
what do you opinion for it don?
i think the decision should come from this eu daily on ur NU ....we need not to make new high above thursday candle...fine i dont trade NU but EU havea lot of decision to make on it and if this pattern is not destroy ur decision is right but 2day is a day for many pair to have some direction ..
thursday bar need to hold but if not this current 1-2-3H might destroy EU is still Billish but we are just having some reversal sign. IMO..
Attached Image (click to enlarge)
Click to Enlarge Name: 11-6-2009 8-47-37 AM.png Size: 13 KB
MY OPINION NOT FINANCIAL ADVISE
  • #234
  • Nov 6, 2009 3:37am Nov 6, 2009 3:37am
Quoting donfriday
i think the decision should come from this eu daily on ur NU ....we need not to make new high above thursday candle...fine i dont trade NU but EU havea lot of decision to make on it and if this pattern is not destroy ur decision is right but 2day is a day for many pair to have some direction ..
thursday bar need to hold but if not this current 1-2-3H might destroy EU is still Billish but we are just having some reversal sign. IMO..
thanks don for your advise 2day is the important day of some currency
and to be observation when the US news tonight and NY open

cheer
  • #235
  • Nov 6, 2009 4:21am Nov 6, 2009 4:21am
Quoting donfriday
short 1-2-3H closed 5 green and now waiting for point 2 or we remain in congestion if next bar cant go above point 2

hi don,

GJ H3 ........ waiting for good entry point
Attached Image (click to enlarge)
Click to Enlarge Name: gj h3.JPG Size: 84 KB
  • #236
  • Nov 6, 2009 4:37am Nov 6, 2009 4:37am
Quoting my30marahaba
hi don,

GJ H3 ........ waiting for good entry point

GJ on Congestion 15tf,30,1hr
small tf will be fine for me i dont use 4hrs much ..price is between buy and sell nothing is clear cus we need higher high and lower low of today and price might give some more clue...PA is boring now so i have platform closed with i read some books.
Cheers
MY OPINION NOT FINANCIAL ADVISE
  • #237
  • Nov 6, 2009 2:22pm Nov 6, 2009 2:22pm
Quoting donfriday
GJ on Congestion 15tf,30,1hr
small tf will be fine for me i dont use 4hrs much ..price is between buy and sell nothing is clear cus we need higher high and lower low of today and price might give some more clue...PA is boring now so i have platform closed with i read some books.
Cheers
Time to take some rest..it was awesome friday can't complain......you have a peaceful weekend c ya sunday ..I might update the first page over weekend i am not sure yet but if i am free and complete what i am doing i will do it..
Cheers...Don
MY OPINION NOT FINANCIAL ADVISE
  • #238
  • Nov 7, 2009 7:40am Nov 7, 2009 7:40am
Quoting Far East Man
My pleasure, mate. CAD pairs are good when you are in a right direction.

As for the GJ long brekout, I only took 10 pips and got away before the retracement happened. I normally don't close too early, but there was no momentum as I wanted. If it was a real breakout, the price must have moved really fast, but it wasn't. So I'm glad I closed it with a little bit of profit.

I don't know what to do next. I won't carelessly jump in, but I'll ride on it when I see the right price action like Don and my30marahaba do here.

hi for the rec. u can use the fibo. its great method to use ....if u want i will post in the next week the way that i work with and its great with also the mae and ma .....have a nice weekend.
  • #239
  • Nov 7, 2009 1:17pm Nov 7, 2009 1:17pm
Quoting prince_larri
Bro,

Keep the light shinning and may this no stop shinning, i m just too happy for u and i m glad u re in the club finally.

You re welcome to the club of 123.

prince_larri

Thnx, you already know the plans it set for 2010 so let roll..thanx son..
MY OPINION NOT FINANCIAL ADVISE
  • #240
  • Nov 8, 2009 10:10pm Nov 8, 2009 10:10pm
Hii Guys....Price just had a pull back from friday High...Have a safe trading..
Attached Image (click to enlarge)
Click to Enlarge Name: 11-9-2009 4-12-23 AM.png Size: 14 KB
MY OPINION NOT FINANCIAL ADVISE
2 traders viewing now