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  • #181
  • Jul 20, 2011 4:13am Jul 20, 2011 4:13am
Quoting Dariusz
Hi All,

I am glad to join Ur thread, I am quite new to PA, but my first trades were very profitable without any indicators. Since early morning in eu time zone all my trades mostly eur/usd were really good, but when US traders started in europen aftrnoon I constantly traded wrong way. So psychology in trades behavior between different nations from my point of view makes difference in traders behavior. Btw I will observe and lern from You and expirenced Ppl in price. Let see Ur next moves ...
Hi Dariusz! The fact that your first post is in this thread it's overwhealming me.Thanks.
Perssonaly I really don't think that the difference nations could make the difference in traders psychology.The discipline and self education are crucial and all of these depend on any of us.
We are loking forward for your charts! Thanks again.
Nothing personal,just business
  • #182
  • Jul 20, 2011 5:25am Jul 20, 2011 5:25am
NZDCAD

After the buyers taking profit, now we are seeing the seller's first reaction!
Nothing personal,just business
  • #183
  • Jul 20, 2011 8:28am Jul 20, 2011 8:28am
Quoting fxgroup
NZDCAD

After the buyers taking profit, now we are seeing the seller's first reaction!
Both M+W+D the P is UP and has reached some very importants levels where sellers in the past (from 2005) took the control.

http://img600.imageshack.us/img600/392/nzdcadd.gif

1) Is that the first sellers reaction?
2) We may consider this BUOB as a 2DPB?
  • #184
  • Jul 20, 2011 3:27pm Jul 20, 2011 3:27pm
[quote=Nino;4795370]
Quote
Both M+W+D the P is UP and has reached some very importants levels where sellers in the past (from 2005) took the control.

1) Is that the first sellers reaction?
2) We may consider this BUOB as a 2DPB?
The D RM is the first buyer's taking profit,and the fact that none of the last candle didn't succeded to close above the 07.14 tels me that the sellers put a great pressure on buyers,but the fight is still in act..look at today candle,the buyers are still strong and don't gave up.
I have no buob on my data,yesterday the sellers tried to defend the 0.8121 R and today I see a buyer's attempt to protect the D RM and conquist the R level(failed untill now)!
Nothing personal,just business
  • #185
  • Jul 20, 2011 5:02pm Jul 20, 2011 5:02pm
Quoting fxgroup
This is a post I made 2 weeks ago.....This is today. The patience awards the sellers.
The price reached the taking profit level.
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  • #186
  • Jul 22, 2011 3:26pm Jul 22, 2011 3:26pm
My MM levels.
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  • #187
  • Jul 23, 2011 12:05pm Jul 23, 2011 12:05pm
I must say I appreciate you taking time out to explain your trading method. I find it so clear now. I have always been trading the PB, BUOB and other setup but now I'm fully confident in taking these setups on the daily because I have a logical reason and expectation for doing so.

Just this month alone I have taken trades exactly how I planned it using WPD and WPG.

I will be posting charts here as time goes by.

My main objective is to build multiple positions in the direction of the weekly and monthly trend, so my style is to move my positions to Break even only and let them mature based on the Weekly Trend.

I have much to learn and I'm still on DEMO, after a 1year of practicing and DEMOing J16 and other methods, your topping on the cake make it seems so much clearer to me now for being patient and waiting for confirmation of WPD and WPG.

Thanks a million
  • #188
  • Jul 23, 2011 12:11pm Jul 23, 2011 12:11pm
@ BE. I am Bullish on this pair, but lets see What price is doing at the MM level
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  • #189
  • Jul 23, 2011 12:15pm Jul 23, 2011 12:15pm
Last week I was defending my 1000 pip position. But Friday shows that sellers where out again.
During this flow, I took some positions out at the MM or RM zone. I also lost some during the up days.

Thanks again Fxgroup for your clarity
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  • #190
  • Jul 24, 2011 1:48pm Jul 24, 2011 1:48pm
Quoting chips
I must say I appreciate you taking time out to explain your trading method. I find it so clear now. I have always been trading the PB, BUOB and other setup but now I'm fully confident in taking these setups on the daily because I have a logical reason and expectation for doing so.

Just this month alone I have taken trades exactly how I planned it using WPD and WPG.

I will be posting charts here as time goes by.

My main objective is to build multiple positions in the direction of the weekly and monthly trend, so my style is to move my positions...
I must to thank you for your contribution!
Nice trade your eurnzd,it is a consequences of the M RM!

How could all those indicators help your in trading process?
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Nothing personal,just business
  • #191
  • Jul 25, 2011 12:36am Jul 25, 2011 12:36am
I'm expecting a retracement of the previous week. to the 61.8 for 50% FIB.
A lower retracement would confirm that bulls are out and powerful.
and BUOB or a PB off that level would do. Patience is the key.
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  • #192
  • Jul 25, 2011 4:31pm Jul 25, 2011 4:31pm
Why Dow_Jones is consolidating ? Looking to M, we get the answer!
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  • #193
  • Jul 25, 2011 4:34pm Jul 25, 2011 4:34pm
Quoting chips
I'm expecting a retracement of the previous week. to the 61.8 for 50% FIB.
A lower retracement would confirm that bulls are out and powerful.
and BUOB or a PB off that level would do. Patience is the key.
The buyers are still strong,but tired,they need some rest!
Nothing personal,just business
  • #194
  • Jul 25, 2011 4:39pm Jul 25, 2011 4:39pm
Why I insist so much on RM ? Look at this ..... today!
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  • #195
  • Jul 25, 2011 8:54pm Jul 25, 2011 8:54pm
GBPCHF, Main trend is down, I know that I was looking for the sellers to jump in. I know now the reason for taking this trade.

If it did work out I will Trade my plan. right now I'm at BE and watching the MM area below

BIG THANKS to you fxgroup.
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  • #196
  • Jul 25, 2011 8:57pm Jul 25, 2011 8:57pm
I think if you have time to discuss the ranging markets the ins and out of identifying and trading it.

Thanks again. I will post some charts for your help.
  • #197
  • Jul 26, 2011 1:52am Jul 26, 2011 1:52am
[quote=chips;4809119]
Quote
I think if you have time to discuss the ranging markets the ins and out of identifying and trading it.

Thanks again. I will post some charts for your help.

The RM is a price's consolidation area between a R and a S level.
When we are talking about static S/R levels,we are talking about static RM.
When we are talking about dynamic S/R levels, then we are talking about dynamic RMs as channel or flags patterns.
Nothing personal,just business
  • #198
  • Jul 26, 2011 2:07am Jul 26, 2011 2:07am
The most profitable way to trade the RM is ALWAYS with the main trend. The CT requires a different trading approach.

Here is an example of static RM...same levels,different charts(M+D) and the importance of open/close.
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  • #199
  • Jul 26, 2011 2:18am Jul 26, 2011 2:18am
Some example of dynamic RMs.
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Nothing personal,just business
  • #200
  • Jul 26, 2011 7:21am Jul 26, 2011 7:21am
Quoting fxgroup
My MM levels.
I will wait to see the close,but I have a clue where my SL should be !
Nothing personal,just business
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