Outcome is not important at all, but correct technique is what only matters
M candles / Custom candles for second charts 1 reply
Calculating only buy candles vs sell candles 2 replies
Platform which enables the rewinding of candles 3 replies
Missing candles? 1 reply
I need more candles! 4 replies
Dislikedeurnzd, 1.6150 broken up and close above, can we expect a long nearby the 1.6100?
B.R.
RaymondIgnored
DislikedThe NJ, 68.06~69.41 is a zone of weekly high close resistance, and this is the top of the box.
My plan:
1) Waiting for a short if close below 68.06 (actually in H4, close below 68.46, i short it one time already, target 68. The line of 68.46 is also a middle high close resistance)
2) Given 69.41 broken up, waiting for a long when RT
B.R.
RaymondIgnored
DislikedThe first good entry point would be around 126.58, i missed
Now waiting for the 130 entry, i.e. weekly close above and retest entry
I use the high/low point of the candle's extreme point, so the target is 137
Is this computation wrong or ok? Thanks!Ignored
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DislikedHello,
I have finally got some more time to follow this wonderful thread and I think this post could use some clarification.
First of all, you have to make sure you read the thread from the beginning. Your usage of the W graph for trade entries makes me think you skipped something.
This is the "WPD-WPG method" and it's based on understanding WPD (What Price is Doing) on higher time frames (usually M and W) and then finding RET W entries on the daily time frame.
It's rare to be able and trade directly on the W time frame because...Ignored
DislikedHi dfumagalli,
Great post.
Looking forward to more posts from you guys.
I will not use the h1/h4 entry in this thread, sorry about this.
From your post, i think i learn the following:
1) Know WPG/WPD from weekly and monthly
2) waiting for a weekly PA, at least daily PA, then use the daily candle as an entry
(Actually, i understand this from begging from your original posts, but still practice it, got a few SL actually, need more practices)
3) We compute pattern target using the candle close
If i still understand wrong, please let me know, thanks!...Ignored
DislikedBTW, dfumagalli, will you please to post more? You know, we can learn much from your posts (At least my case, i assume same as other guys)
And can you shed more light on how to MM and trade management, thanks!
B.R.
RaymondIgnored
DislikedGBPNZD
Not long time ago ... please check my post from Mar, 3... just 3 weeks ago another improvment of market method.
Patience...patience...patience.
Thanks Fxgroup .Ignored
DislikedGU, short opp?
I wish i was in at the 1.5919, but not. But still, opportunity exists, looks like.Ignored
Dislikedwell, a bit dangerous bro szpowerx.
i refer to the daily chart.
around a week ago, it has tested the lows of last month and rose back up.
it may still carry on an uptrend.
unless you are going against the wave and grab some pips?Ignored
Dislikedwell, a bit dangerous bro szpowerx.
i refer to the daily chart.
around a week ago, it has tested the lows of last month and rose back up.
it may still carry on an uptrend.
unless you are going against the wave and grab some pips?Ignored
DislikedHi Kedridder, You are awesome.
How do you judge there would be a big retrace for this stuff?
I use a big SL for this since it is a daily entry. So far, the position is still alive.
But if it give me a close above 1.5883 (I hate to say H4 close), i will quit with my SL.
B.R.
RaymondIgnored