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Law Of Chart

  • #501
  • Feb 15, 2010 3:06am Feb 15, 2010 3:06am
Quoting donfriday
if it break point 2 if not then continuation ...i am currently long on eu 5min point 2 breakout...let see what happen.
Hi don,

On my view EU still bearish until 1.33 just check this EU chart D1, 240M and 60 M this week EU still on bearish camp... let see what happen for this EU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu d1.gif Size: 57 KB
Click to Enlarge Name: eu 240tf .gif Size: 54 KB
Click to Enlarge Name: eu 60tf .gif Size: 50 KB
  • #502
  • Feb 15, 2010 3:39am Feb 15, 2010 3:39am
now just check Euro lfx index 3 month moving down still on the bearish camp euro .... Identical Three Crows candle on Monthly TF
Attached Image (click to enlarge)
Click to Enlarge Name: eulfx index d1.gif Size: 57 KB
  • #503
  • Feb 15, 2010 3:49am Feb 15, 2010 3:49am
Quoting my30marahaba
now just check Euro lfx index 3 month moving down still on the bearish camp euro .... Identical Three Crows candle on Monthly TF
yes eu is bearish...i dont like to analys EU at all so i made decision i will only be scalping eu, it doesnt work for me when i try to analys that pair...i am doing eu 10-20 pips ...consistence with it and am happy ...
MY OPINION NOT FINANCIAL ADVISE
  • #504
  • Feb 15, 2010 4:50am Feb 15, 2010 4:50am
Quoting my30marahaba
Hi don,

On my view EU still bearish until 1.33 just check this EU chart D1, 240M and 60 M this week EU still on bearish camp... let see what happen for this EU
very helpful and informative, thank you ! I wish lots of success.
Be like water.
  • #505
  • Feb 15, 2010 8:27pm Feb 15, 2010 8:27pm
Quoting donfriday
yes eu is bearish...i dont like to analys EU at all so i made decision i will only be scalping eu, it doesnt work for me when i try to analys that pair...i am doing eu 10-20 pips ...consistence with it and am happy ...

hi don,

look at the chart may be this to be able to assist you to analyst the eu
"it doesnt work for me when i try to analys that pair.." this could be working for all currency
Now we are working at the high and low TLOC with 123 set up, ledge and trading range, good luck bro ....
Attached Image (click to enlarge)
Click to Enlarge Name: eu 240 tf.gif Size: 47 KB
  • #506
  • Feb 16, 2010 1:41am Feb 16, 2010 1:41am
Quoting my30marahaba
hi don,

look at the chart may be this to be able to assist you to analyst the eu
"it doesnt work for me when i try to analys that pair.." this could be working for all currency
Now we are working at the high and low TLOC with 123 set up, ledge and trading range, good luck bro ....
thankx bro....like i said i only trade 10-20pips on eu which make me happy...i have done it several times and i have been consistence with it..same like i did yesterday when i long on point 2 breakout it gave me my profit ....eu is more easy to trade that way as i have been doing here....no time to analys where it is going i always get burn when u predict eu..
cheers...trade your chart.
MY OPINION NOT FINANCIAL ADVISE
  • #507
  • Feb 17, 2010 12:03am Feb 17, 2010 12:03am
hi don,

GBPCAD 15MTF 123 set up TLOC on dailly TF PB looking the long entry from 15M TF using the 123 set up TLOC....

any opinion of this don?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad-1440mtf.gif Size: 69 KB
Click to Enlarge Name: gbpcad-15mtf.gif Size: 65 KB
  • #508
  • Feb 17, 2010 2:29am Feb 17, 2010 2:29am
Quoting my30marahaba
hi don,

GBPCAD 15MTF 123 set up TLOC on dailly TF PB looking the long entry from 15M TF using the 123 set up TLOC....

any opinion of this don?
sorry bro for now i trade eu, gj and gu more......
MY OPINION NOT FINANCIAL ADVISE
  • #509
  • Feb 17, 2010 3:02am Feb 17, 2010 3:02am
GU trading range breakout on 60M TF
Attached Image (click to enlarge)
Click to Enlarge Name: gu60 m tf 123 set up.gif Size: 54 KB
  • #510
  • Feb 18, 2010 12:42am Feb 18, 2010 12:42am
AUDUSD 15M TF 123 set up TLOC
Attached Image (click to enlarge)
Click to Enlarge Name: audusd15mtf.gif Size: 30 KB
  • #511
  • Feb 18, 2010 12:52am Feb 18, 2010 12:52am
Quoting my30marahaba
AUDUSD 15M TF 123 set up TLOC
you see why i refuse to analys eu and only seek 10-20pips...eu was suppose to rise more or not even fall to this level....that fell kill alot of people cus eu refuse to hold on yesterday support line and keep falling like stone..
u selling to entry when 1 is not in profit yet, ....first entry should be small comfirmation of ur entry should give u way to add on if first is in profit u dont add into losing position that is not protected with trailing. just my opinion.
MY OPINION NOT FINANCIAL ADVISE
  • #512
  • Feb 18, 2010 1:22am Feb 18, 2010 1:22am
Hi don, Thank you for advise

AUDUSD on 5M TF 123 set up TLOC
Attached Image (click to enlarge)
Click to Enlarge Name: audusd5mtf.gif Size: 34 KB
  • #513
  • Feb 22, 2010 4:08am Feb 22, 2010 4:08am
USDCHF 15MTF - 123 set up TLOC
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 15mtf.gif Size: 25 KB
  • #514
  • Feb 8, 2011 9:27pm Feb 8, 2011 9:27pm
Just seeing this thread. Another very good one no doubt. Wonderful efforts from Don and other contributors. Thank you sooooo much!
  • #515
  • Mar 12, 2011 10:23am Mar 12, 2011 10:23am
Quoting Trendylines
Just seeing this thread. Another very good one no doubt. Wonderful efforts from Don and other contributors. Thank you sooooo much!

you welcome mate..hope u found something to learn.
MY OPINION NOT FINANCIAL ADVISE
  • #516
  • Mar 13, 2011 8:54am Mar 13, 2011 8:54am
Quoting donfriday
you welcome mate..hope u found something to learn.
I also will take part about this lessons "law of chart" ...
only an analysis, and I'm always wrong, don't follow me,
  • #517
  • Mar 13, 2011 5:36pm Mar 13, 2011 5:36pm
On posting 259 u have marked congestions.


My question is how did you avoid trading these RH and 123H patterns without knowing it would become a congestion? What is the technique or method which helped you to wait for a breakout ?

Would really appreciate if you can mark the candles which helped you to stay away from the market?

Please help I am sure all fellow traders will have the same question in mind?

As you know hindsight drawing trends and ranges is a easy!

Please help
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 11-11-2009 10-33-33 PM.png Size: 40 KB
  • #518
  • Edited 1:45am Mar 14, 2011 1:33am | Edited 1:45am
Quoting adler
On posting 259 u have marked congestions.


My question is how did you avoid trading these RH and 123H patterns without knowing it would become a congestion? What is the technique or method which helped you to wait for a breakout ?

Would really appreciate if you can mark the candles which helped you to stay away from the market?

Please help I am sure all fellow traders will have the same question in mind?

As you know hindsight drawing trends and ranges is a easy!

Please help
Thanks
there are times you will be in a trade before congestion occur and there are times u will see congestion before taking a trade ..
there is no way you will know when congestion is about to happen cus todays market could be different from tomorrows market.

when you have 11-20 bars not making new low or high after forming 123 low or high.

but when the bars are more than 21 or more then u are in a range just watch the highest bar or lowest to break to any direction and trade the Ross hook

for RH to form here on this chart price need to break to any direction then test the price and it will form RH for u to be sure the breakout is a good one not shakeout entry at the RH will be safest.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-14-2011 6-41-58 AM.png Size: 15 KB
MY OPINION NOT FINANCIAL ADVISE
  • #519
  • Mar 14, 2011 2:11am Mar 14, 2011 2:11am
Quoting andelumut
I also will take part about this lessons "law of chart" ...

looking forward then ..Trade safe.
MY OPINION NOT FINANCIAL ADVISE
  • #520
  • Jun 24, 2011 10:39pm Jun 24, 2011 10:39pm
I hear an echo, anyone still trading this or have they all gone to another thread??
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