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Beyond the Candles

  • #21
  • Oct 1, 2011 11:53pm Oct 1, 2011 11:53pm
Quoting fxgroup
hi tradpat

p.s. gold-the long term buyers start to close their positions and re-bought to a lower price. Still HH+HL and with buyers on weekly(W), I'm looking for a consolidation.
silver-the sellers are looking for the dynamic support(S).
e-u-sellers channel
g-u-sellers till the triangle will start the congestion.

p.s.2 fxpro& others for charts.

Thanks for your partecipation.
good. tq. have a gr8 pipping week ahead
  • #22
  • Oct 2, 2011 3:55am Oct 2, 2011 3:55am
[quote=oconnor365;5004110]
Quote
Excellent thread...looking forward to learning more..

Thank you sir.
If you have questions, comments, charts, analyses, I'm sure that it will be interesting and a very useful experience for all of us.

Regards.
Nothing personal,just business
  • #23
  • Oct 2, 2011 10:54am Oct 2, 2011 10:54am
All the best TS, i'm camping here in your thread for good. Price action is the king.
I wish you all a good trading week ahead!
  • #24
  • Oct 2, 2011 5:06pm Oct 2, 2011 5:06pm
[quote=kedridder;5004924]
Quote
All the best TS,
Thanks
Quote
i'm camping here in your thread for good. Price action is the king.
And the king is ALWAYS right !

P.S. What is TS coming from ?
Nothing personal,just business
  • #25
  • Oct 2, 2011 5:45pm Oct 2, 2011 5:45pm
O.K. Let's talk about levels !

The supports and resistences are those levels where the traders enter in the market, are taking profits, the traders turns back to find more buyers/sellers or close their positions, demand, supply, etc.The Price is attracted/pushed to/by these levels.

There are 2 types of support/resistance levels: static and dynamic. At this stage of the thread, we will use the first criteria to identify the best static support/resistence levels that could give us an early advantage in the market: the candle/swing's OPEN/ CLOSE.

Here are some charts !
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Nothing personal,just business
  • #26
  • Oct 2, 2011 7:15pm Oct 2, 2011 7:15pm
[quote=fxgroup;5005389]
Quoting kedridder
Thanks And the king is ALWAYS right !

P.S. What is TS coming from ?
oh, TS = Thread starter
  • #27
  • Oct 2, 2011 8:12pm Oct 2, 2011 8:12pm
Nice to have another pa-patterns-TL's chartist on board. I prefer Gann Fans to fib retraces, but each to their own.

A hastily done contribution (on the daily, to obey thread restrictions):
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  • #28
  • Oct 3, 2011 10:14am Oct 3, 2011 10:14am
[quote=ha-pattern;5005654]
Quote
Nice to have another pa-patterns-TL's chartist on board.
Nice to have you arround !
Quote
I prefer Gann Fans to fib retraces, but each to their own.
I tried to study some Gann stuffs, but personally it just doesn't fit me ! INMHO.
I have more rules: for trading and life, but in top of all the rules is THE SIMPLICITY , and in this thread I'll try to show how the simplicity works for me !

Quote
A hastily done contribution
....but a useful one !

GBPUSD-strong bearish trend in all the TF, but very close to a very strong triangle .
The weekly candle closed as an inside bar to 1.5340.At this moment, I wait to see who is in triangle+ level control: buyers or sellers and after a confirmation in higher TF, I'm looking for a daily retracement.
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Nothing personal,just business
  • #29
  • Oct 3, 2011 3:32pm Oct 3, 2011 3:32pm
Let's see an exemple of how we read the price but most of all how we put in practice the method.
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Nothing personal,just business
  • #30
  • Oct 3, 2011 4:48pm Oct 3, 2011 4:48pm
Retracement with the trend and the importance of the swing's open/close.
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Nothing personal,just business
  • #31
  • Oct 4, 2011 8:09am Oct 4, 2011 8:09am
My trading is based on two questions:
1-WPD= what the price doing ?
2-WPG= where the price is going ?

gbpjpy exemple

WPD- the price is making range market (consolidating) in bearish overall trend.
1= The sellers pushed the price back into monthly range market,the buyers try to defend the resistance level, but the sellers are strong, closing with a pin bar with the trend bellow the resistence= sellers confirmation.

WPG- to support level of the monthly range market.

P.S. We don't need fancy stuffs on our charts, just a very few important levels and knowing how to read the price is all we really need !
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Nothing personal,just business
  • #32
  • Oct 5, 2011 6:04am Oct 5, 2011 6:04am
Monthly levels are are very strong on daily chart .
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Nothing personal,just business
  • #33
  • Oct 5, 2011 1:00pm Oct 5, 2011 1:00pm
This is clear exemple of safety trading reading the price with well known target.
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Nothing personal,just business
  • #34
  • Oct 5, 2011 3:14pm Oct 5, 2011 3:14pm
Very important level, the most safety entry with the main trend is to wait the sellers confirmation of our level.
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Nothing personal,just business
  • #35
  • Oct 6, 2011 5:01am Oct 6, 2011 5:01am
The price reached a very important level.
The buyers succeded to close above the level, but the sellers have shown their forses at the level.
Now, the buyers turned the price back to the level.
It will be interesting to watch and learn from the battle's development for the level !
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Nothing personal,just business
  • #36
  • Oct 6, 2011 3:21pm Oct 6, 2011 3:21pm
The weekly close will tell us everything we need to know.
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Nothing personal,just business
  • #37
  • Oct 8, 2011 2:31am Oct 8, 2011 2:31am
Quoting fxgroup
The price reached a very important level.
The buyers succeded to close above the level, but the sellers have shown their forses at the level.
Now, the buyers turned the price back to the level.
It will be interesting to watch and learn from the battle's development for the level !
Do you remember this post ? Let's see the price today !
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Nothing personal,just business
  • #38
  • Oct 9, 2011 9:04am Oct 9, 2011 9:04am
Waiting for " Plan the Trade& Trade the Plan " .
This is what I'm looking for:
Monthly in bearish overall trend,weekly in range market and daily in range market. I will wait the price to close bellow the weekly level what act as supports for the daily range market and to see the sellers confirmation of 1.3678 as resistance.
1.3284+1.2934 are the MM levels (1° and 2° targets for taking profit).
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Nothing personal,just business
  • #39
  • Oct 10, 2011 2:40pm Oct 10, 2011 2:40pm
Quoting fxgroup
The weekly close will tell us everything we need to know.
The price is getting back into the weekly range market, under the pressure of the weekly inverted pin bar. Untill now, the price did exactly what we plan, right now all we have to do is to wait the buyers confirmation at the range market's support.
It will be fun to follow the price evolution !
Nothing personal,just business
  • #40
  • Oct 10, 2011 3:36pm Oct 10, 2011 3:36pm
Quoting fxgroup
The price is getting back into the weekly range market, under the pressure of the weekly inverted pin bar. Untill now, the price did exactly what we plan, right now all we have to do is to wait the buyers confirmation at the range market's support.
It will be fun to follow the price evolution !
ma hai aperto un altro thread!?!?!?!?!?
su The Price non scrivi piu?
e su James16?
poi scrivi ancora su quello italiano
ma quanto scrivi!!!
:-)
Don't give up
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