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  • #725,941
  • Dec 1, 2012 10:56pm Dec 1, 2012 10:56pm
Quoting tashkent
lets test something. where the next few candles (lets say from 5-10) will be?
for chartists this must be very simple.
Two things. One, what's the TF? Two, is that the end of the chart, where the last candle stick is at?
Time turns trend. - W.D. Gann
  • #725,942
  • Dec 1, 2012 11:03pm Dec 1, 2012 11:03pm
Quoting ForExtraPips
Two things. One, what's the TF? Two, is that the end of the chart, where the last candle stick is at?
is not that interesting chart?
when you do not see the dates below it is absolutely impossible to tell the TF. This is even more interesting.
yes, this is the end of the chart. suppose market is opening right now. can you point the next moves on the chart in reference to candles? the numerical point of the last candle is not important.
As Above, So Below
  • #725,943
  • Dec 1, 2012 11:07pm Dec 1, 2012 11:07pm
Quoting tashkent
lets test something. where the next few candles (lets say from 5-10) will be?
for chartists this must be very simple.
Wild guess, it'll go down.
  • #725,944
  • Dec 1, 2012 11:08pm Dec 1, 2012 11:08pm
Quoting tashkent
is not that interesting chart?
when you do not see the dates below it is absolutely impossible to tell the TF. This is even more interesting.
yes, this is the end of the chart. suppose market is opening right now. can you point the next moves on the chart in reference to candles? the numerical point of the last candle is not important.
I know where it's going. It's going down. But before it does, it will go up just a little. Since you don't have that other info in there, I can't tell you preciously where.
Time turns trend. - W.D. Gann
  • #725,945
  • Dec 1, 2012 11:10pm Dec 1, 2012 11:10pm
Quoting tashkent
is not that interesting chart?
when you do not see the dates below it is absolutely impossible to tell the TF. This is even more interesting.
yes, this is the end of the chart. suppose market is opening right now. can you point the next moves on the chart in reference to candles? the numerical point of the last candle is not important.
I know one thing, if you were my broker, I'd be switching.
Time turns trend. - W.D. Gann
  • #725,946
  • Dec 1, 2012 11:10pm Dec 1, 2012 11:10pm
Quoting tashkent
lets test something. where the next few candles (lets say from 5-10) will be?
for chartists this must be very simple.
Attached Image


No, really. None of us can predict the future. This is about choosing levels that are likely to react and playing them. If we could predict the future like you ask, especially something as ridiculous as what the next x candles are going to do, we wouldn't need a stop loss and we could leverage our entire accounts to make a soros sized killing in no time. We've gone over this.
  • #725,947
  • Dec 1, 2012 11:11pm Dec 1, 2012 11:11pm
Quoting Kanzler
Attachment

No, really. None of us can predict the future. This is about choosing levels that are likely to react and playing them. If we could predict the future like you ask, especially something as ridiculous as what the next x candles are going to do, we wouldn't need a stop loss and we could leverage our entire accounts to make a soros sized killing in no time.
There are some clues there.. Now I'm just curious if I was right or not..
  • #725,948
  • Dec 1, 2012 11:12pm Dec 1, 2012 11:12pm
Quoting Kanzler
Attachment

No, really. None of us can predict the future. This is about choosing levels that are likely to react and playing them. If we could predict the future like you ask, especially something as ridiculous as what the next x candles are going to do, we wouldn't need a stop loss and we could leverage our entire accounts to make a soros sized killing in no time. We've gone over this.
Good point. Because if it was this easy, we'd all be millionaires.
Time turns trend. - W.D. Gann
  • #725,949
  • Dec 1, 2012 11:14pm Dec 1, 2012 11:14pm
good guesses guys. here is your last candle in blue box
and this is a weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard05.jpg Size: 36 KB
As Above, So Below
  • #725,950
  • Dec 1, 2012 11:14pm Dec 1, 2012 11:14pm
Quoting attila
There are some clues there.. Now I'm just curious if I was right or not..
Yes. Clues, indeed.
Time turns trend. - W.D. Gann
  • #725,951
  • Dec 1, 2012 11:15pm Dec 1, 2012 11:15pm
Quoting ForExtraPips
Yes. Clues, indeed.

haha, I knew it . Anybody wants to know why?
  • #725,952
  • Dec 1, 2012 11:16pm Dec 1, 2012 11:16pm
how about the last chart, where is it heading?
As Above, So Below
  • #725,953
  • Dec 1, 2012 11:16pm Dec 1, 2012 11:16pm
Quoting attila
haha, I knew it . Anybody wants to know why?
I do. I do. (waving hand, over here).
Time turns trend. - W.D. Gann
  • #725,954
  • Dec 1, 2012 11:17pm Dec 1, 2012 11:17pm
Quoting attila
There are some clues there.. Now I'm just curious if I was right or not..
I figured it was some sort of trap where the price did something completely unexpected.
  • #725,955
  • Dec 1, 2012 11:18pm Dec 1, 2012 11:18pm
Quoting attila
haha, I knew it . Anybody wants to know why?
attila, you could have guessed that simply looking at recent lower high and lower lows.
what is your explanation?
As Above, So Below
  • #725,956
  • Dec 1, 2012 11:19pm Dec 1, 2012 11:19pm
Quoting Kanzler
I figured it was some sort of trap where the price did something completely unexpected.
well, this is now cheating. i asked what the chart was telling
As Above, So Below
  • #725,957
  • Dec 1, 2012 11:19pm Dec 1, 2012 11:19pm
Quoting tashkent
good guesses guys. here is your last candle in blue box
and this is a weekly chart.
I know where it's going, but can't tell you, since there's no price on there.
Time turns trend. - W.D. Gann
  • #725,958
  • Dec 1, 2012 11:21pm Dec 1, 2012 11:21pm
Quoting tashkent
how about the last chart, where is it heading?
Best guess it hits this support turned resistance and heads south again. Would need more evidence to make a call though (ripped through first level and momentum still appears strong).
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard05.jpg Size: 68 KB
  • #725,959
  • Dec 1, 2012 11:24pm Dec 1, 2012 11:24pm
Quoting ForExtraPips
I know where it's going, but can't tell you, since there's no price on there.
i can not give the price, because you may figure out which pair this is. but you can draw on the chart in reference to candles you have
As Above, So Below
  • #725,960
  • Dec 1, 2012 11:24pm Dec 1, 2012 11:24pm
Quoting ForExtraPips
I do. I do. (waving hand, over here).
Looking at the original chart.. Yes, we have a shooting star to the left there, or I don't know what that is, it actually has a spinner at the top, but that's not that important.. What's important is what the price did the next green candle, the one after the long red one. It spiked up and it was immediately pushed down and it closed on the low. It doesn't matter that it's still green, there were heavy sellers at the top of that spike. From what I can see, our last candle didn't even make it to the top of that spike and it was pushed down strongly (although still a green one in the end.. not important).

So we should not take the candle formations in isolation, but try to understand what happened there..
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