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  • #40,741
  • Nov 30, 2012 8:53pm Nov 30, 2012 8:53pm
.......I see we hit that red doted line resistance and bounce hard down, 3022 still being a hard habit to break......but it already hit the yellow ema 5 also, so let see if we get more up next week or the bounce is solid, is a classic rail road track Peter Bain style.......
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The Chonchy
  • #40,742
  • Nov 30, 2012 10:41pm Nov 30, 2012 10:41pm
.......Hello out there, anybody out there, lol.......
The Chonchy
  • #40,743
  • Dec 1, 2012 1:50am Dec 1, 2012 1:50am
Quoting chonchy
.......Hello out there, anybody out there, lol.......
So this worked pretty much - but the pullback was not that heavy and it stopped at 2968.. instead of 2940.. well its price action that decides what to do - so anyways atleast that monthly candle close came there with a nice picture of formation - that trade even looks better now - 2995 to 2920 and Sl of 3042.. loading some charts in a meanwhile

Quoting prashant7
Dow at RR - will again re look at it - but if bulls had potential then we had been well above 3022 - but its still not even touched - remember once this pair crosses 1.3 .. it becomes nervous and its friday and also a monthly closing day

Edit - Dow looks good for a move down - we may close monthly as well around 2930.. levels making monthly a doji - even there is a slight chance of closing the monthly candle near 2991 as well but looking at daily 2930.. has better chance than 2991.. dow may retrace today
finding A M S
  • #40,744
  • Dec 1, 2012 1:57am Dec 1, 2012 1:57am
Quoting prashant7
So this worked pretty much - but the pullback was not that heavy and it stopped at 2968.. instead of 2940.. well its price action that decides what to do - so anyways atleast that monthly candle close came there with a nice picture of formation - that trade even looks better now - 2995 to 2920 and Sl of 3042.. loading some charts in a meanwhile
.......good some one to talk, not sleepy and bored, have read half of FF, lol, how are you prashant7?
The Chonchy
  • #40,745
  • Dec 1, 2012 1:59am Dec 1, 2012 1:59am
Quoting chonchy
.......I see we hit that red doted line resistance and bounce hard down, 3022 still being a hard habit to break......but it already hit the yellow ema 5 also, so let see if we get more up next week or the bounce is solid, is a classic rail road track Peter Bain style.......
weekly closed doji - monthly also closed doji ( within 50 pips ) its almost a doji - see almost same pattern on earlier retracement also on monthly
finding A M S
  • #40,746
  • Dec 1, 2012 2:02am Dec 1, 2012 2:02am
Quoting chonchy
.......good some one to talk, not sleepy and bored, have read half of FF, lol, how are you prashant7?


Sad to hear that - am fine - can you post monthly and weekly charts
finding A M S
  • #40,747
  • Dec 1, 2012 2:18am Dec 1, 2012 2:18am
Quoting prashant7
Sad to hear that - am fine - can you post monthly and weekly charts
........as you know by know prashant7 I'm a fan of 1,2,3 patherns, only that I only use them on small Time frames, but just to waiste time, here is a monthly, don't laugh about my shorts, ok, remember is just a project, lol........
The Chonchy
  • #40,748
  • Dec 1, 2012 2:26am Dec 1, 2012 2:26am
Quoting chonchy
........as you know by know prashant7 I'm a fan of 1,2,3 patherns, only that I only use them on small Time frames, but just to waiste time, here is a monthly, don't laugh about my shorts, ok, remember is just a project, lol........

where ? - no attachments

wanted to see that pattern on monthly and analyze - is this price action still in that same zone
finding A M S
  • #40,749
  • Dec 1, 2012 2:29am Dec 1, 2012 2:29am
......Ok here we go with the 1,2,3 pathern for the monthly........

......Notice how the red and green arrows mark s/r levels, but the funy thing is that they don't go out for nothing on this time frame, I mean on the smaller times frames they come too aften, but here when they come out, they mean something, so if the arrows mark support and resistance, then 3 is next, tenchicaly supouse to.....if that green last arrow wouldn't be there then I will say we will be coming down soon, but with that green arrow there.........is another story prashan7, in another words, I'm for a long wait on those shorts me think, but of course, anything can happen in forex.........but the chart is up big time, a retrace?...... maybe, but that it will keep going up, is my humble opinion........
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The Chonchy
  • #40,750
  • Dec 1, 2012 2:40am Dec 1, 2012 2:40am
Quoting chonchy
......Ok here we go with the 1,2,3 pathern for the monthly........

......Notice how the red and green arrows mark s/r levels, but the funy thing is that they don't go out for nothing on this time frame, I mean on the smaller times frames they come too aften, but here when they come out, they mean something, so if the arrows mark support and resistance, then 3 is next, tenchicaly supouse to.....if that green last arrow wouldn't be there then I will say we will be coming down soon, but with that green arrow there.........is another story prashan7,...
So here it is - this is not at all a same pattern - that three bullish green candles have turned it all the way - just wanted to know about that arrows when exactly would you get that - like after how many candles and around what time in price action
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finding A M S
  • #40,751
  • Dec 1, 2012 2:41am Dec 1, 2012 2:41am
........Now weekly is down, when i say down, up and all that, it means that price is under red ema 100 and usualy stays under for a while, but daily, 4h and one hour are UP, price is over ema red 100........so based on that I asume price will be knocking on that red ema 100 on the weekly next week, maybe not in a straight line but it will hit that red ema 100 some time next week, in my poor judgement.........
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The Chonchy
  • #40,752
  • Dec 1, 2012 2:46am Dec 1, 2012 2:46am
Quoting chonchy
........Now weekly is down, when i say down, up and all that, it means that price is under red ema 100 and usualy stays under for a while, but daily, 4h and one hour are UP, price is over ema red 100........so based on that I asume price will be knocking on that red ema 100 on the weekly next week, maybe not in a straight line but it will hit that red ema 100 some time next week, in my poor judgement.........
Price action closed around 2985.. but you have above 1.3.. thats not clear to analyze weekly and daily - even h4 is not looking clear - you don't use oanda
finding A M S
  • #40,753
  • Dec 1, 2012 2:50am Dec 1, 2012 2:50am
Quoting prashant7
So here it is - this is not at all a same pattern - that three bullish green candles have turned it all the way - just wanted to know about that arrows when exactly would you get that - like after how many candles and around what time in price action
.......I'm sorry prashant7 but i don't follow you well here......

the three green candles are there presicely on the points where price turn for the UP.......zoom on the chart so you will see them correctly........and the red arrows will come when price turn for the down, but they are very good signals and they don't lag in this long time frames, so technicaly we should be going UP big time to look for number tree of the 1,2,3 pathern now next week, with the respectives up and down of course because is a big time frame.......
The Chonchy
  • #40,754
  • Dec 1, 2012 2:55am Dec 1, 2012 2:55am
Quoting prashant7
Price action closed around 2985.. but you have above 1.3.. thats not clear to analyze weekly and daily - even h4 is not looking clear - you don't use oanda
it don't mather in this long term time frames a few pips more or less prashant7, if it closed on a doji or a Hamer it don't mean nothing for what I'm saying, no I don't use oanda, I will love to go to the oanda forum to fight with the people there that say that the dove_alliance system doesn't work, lol, but to many forums make me little money......
The Chonchy
  • #40,755
  • Dec 1, 2012 2:57am Dec 1, 2012 2:57am
Quoting prashant7
Price action closed around 2985.. but you have above 1.3.. thats not clear to analyze weekly and daily - even h4 is not looking clear - you don't use oanda

......all you need to look at is that price be under or over red ema 100 to understand what I'm saying, but is all moving averages techniques that i learn from the Dove_Alliance......when they are all i sinc, they could go places, I have seeing it, beleive me........so we are not in sinc to go anywhere far yet, we need the market in sinc, all charts up or all charts down.........
The Chonchy
  • #40,756
  • Dec 1, 2012 2:58am Dec 1, 2012 2:58am
Quoting chonchy
.......I'm sorry prashant7 but i don't follow you well here......

the three green candles are there presicely on the points where price turn for the UP.......zoom on the chart so you will see them correctly........and the red arrows will come when price turn for the down, but they are very good signals and they don't lag in this long time frames, so technicaly we should be going UP big time to look for number tree of the 1,2,3 pathern now next week, with the respectives up and down of course because is a big time frame.......
This example is fine to exactly understand that price action is due to change and yes you are right - its big this time - and i suspect its up - it may go more that 1.35.. also - if we follow this technicals of patterns then i just don't know exactly where its heading but i can almost expect well beyond 1.4..

weekly
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finding A M S
  • #40,757
  • Dec 1, 2012 3:03am Dec 1, 2012 3:03am
Quoting chonchy
.......I'm sorry prashant7 but i don't follow you well here......

the three green candles are there presicely on the points where price turn for the UP.......zoom on the chart so you will see them correctly........and the red arrows will come when price turn for the down, but they are very good signals and they don't lag in this long time frames, so technicaly we should be going UP big time to look for number tree of the 1,2,3 pathern now next week, with the respectives up and down of course because is a big time frame.......
NO - i was referring to candle patterns on monthly for retracements and just to remind you that our discussions here have attracted more than 100 of non members that too on a non trading day lol

Edit - compare that weekly chart with monthly which was posted earlier with changes and you will identify some clear intentions( psychology) of price action - hints of a coming next big moves
finding A M S
  • #40,758
  • Dec 1, 2012 3:06am Dec 1, 2012 3:06am
Quoting prashant7
This example is fine to exactly understand that price action is due to change and yes you are right - its big this time - and i suspect its up - it may go more that 1.35.. also - if we follow this technicals of patterns then i just don't know exactly where its heading but i can almost expect well beyond 1.4..

weekly
.....well it all depend on the funnymentals, price could easily just bounce at the red ema 100 there and go down a bunch of pips and monthly can still be up, or going up with the respective retraces......

.......remember that red ema 100 is at the 3170 level and that is a place where price is being and will remember to revisit in the future.........
Attached Image (click to enlarge)
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The Chonchy
  • #40,759
  • Dec 1, 2012 3:13am Dec 1, 2012 3:13am
Quoting prashant7
NO - i was referring to candle patterns on monthly for retracements and just to remind you that our discussions here have attracted more than 100 of non members that too on a non trading day lol

Edit - compare that weekly chart with monthly which was posted earlier with changes and you will identify some clear intentions( psychology) of price action - hints of a coming next big moves
.......Well like I say on a mothly chart you will see a bunch of signals or patherns but those green arrows don't come out unless price is realy comited like in the two lows before that.......do you see the two previus times they came out, what happens after that?
The Chonchy
  • #40,760
  • Dec 1, 2012 3:16am Dec 1, 2012 3:16am
[quote=prashant7;6252258]NO - i was referring to candle patterns on monthly for retracements and just to remind you that our discussions here have attracted more than 100 of non members that too on a non trading day lol

Edit - compare that weekly chart with monthly which was posted earlier with changes and you will identify some clear intentions( psychology) of price action - hints of a coming next big moves[/quote]


......I don't understand this part prashant7 could you please explain.......thanks in advance......
The Chonchy
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