Beyond the Candles | Page 46 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Beyond the Candles
Exit Attachments

Beyond the Candles

  • #901
  • Dec 18, 2012 11:35pm Dec 18, 2012 11:35pm
You are right. Wise words, appreciate it. I will have to practice and practice. Thanks.



Quoting dfumagalli
What price is doing is the more important. If WPD is doing stuff through a triangle, then the triangle is more important because that's what price wants to play with.
But in the end that's for you to decide, where I see a triangle and plan my trade accordingly, you could see something else and you should plan accordingly. Well made plans will usually work somewhat, even if you did not "get" exactly what price was about to do, only when you don't make or respect a plan then you lose big time.
  • #902
  • Dec 19, 2012 9:41am Dec 19, 2012 9:41am
Hi FxGroup,

There is a triangle in AUDUSD monthly. In weekly, P is not able to close above the trendline. If P reject the trendline and also close below weekly support, wait for daily to enter short, and target TP at 1.023. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_weekly.gif Size: 20 KB
  • #903
  • Dec 19, 2012 2:25pm Dec 19, 2012 2:25pm
[quote=sodiska;6308922]
Quote
Hi FxGroup,

There is a triangle in AUDUSD monthly. In weekly, P is not able to close above the trendline. If P reject the trendline and also close below weekly support, wait for daily to enter short, and target TP at 1.023. What do you think?

Well spotted the TL....the confluence between the TL and the 1.05 BRN is very important ! Before consider a short within the RM be sure of the sellers confirmation of 2 R levels ( TL+ BRN ) !
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-19_21-21_AUD-USD.png Size: 50 KB
Nothing personal,just business
  • #904
  • Dec 20, 2012 6:33am Dec 20, 2012 6:33am
Here a monthly and weekly chart of EURAUD, we can see very well WPD - the hesitant ranging behaviour on Daily for some time looks totally simple and efficient on Weekly.

Happy Holidays to you all, especially to fxgroup and dfumagalli !

Welcome to all new readers and a good 2013 for all of you !

Michael
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-12-20_1314_EURAUD_M.png Size: 28 KB
Click to Enlarge Name: 2012-12-20_1319_EURAUD_W.jpg Size: 67 KB
Be like water.
  • #905
  • Dec 22, 2012 10:05am Dec 22, 2012 10:05am
hi fxgroup , everybody
i thinks about GBP/CHF. Can you help me about it?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 94 KB
Click to Enlarge Name: 2.JPG Size: 80 KB
  • #906
  • Dec 23, 2012 8:19am Dec 23, 2012 8:19am
Quoting chuongio
hi fxgroup , everybody
i thinks about GBP/CHF. Can you help me about it?
Hello,
your setup might work perfectly but I am not going to take it.


Attachment 1: weekly chart.

look at how the bearish channel support is in the way, along with a quite potent weekly (cyan) level.


Attachment 2: daily chart.

Big buyers vs sellers fight = broken bones = stay out.
Also, the last bar did not form any price action pattern (well, it formed a possible 3 bars low but that requires caution) and failed to close below (and thus invalidate) the first, bullish controlling bar (that is, a bar that gives the "tune" to the subsequent bars till it's dominion is broken).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-12-23_GBPCHF_W_01.png Size: 41 KB
Click to Enlarge Name: 2012-12-23_GBPCHF_D_01.png Size: 51 KB
  • #907
  • Dec 24, 2012 4:05am Dec 24, 2012 4:05am
I wish all of you merry christmas and a very happy new year !
Nothing personal,just business
  • #908
  • Dec 24, 2012 12:13pm Dec 24, 2012 12:13pm
Quoting fxgroup
I wish all of you merry christmas and a very happy new year !
hi fxgroup and everybody
thanks you very much. I also wish all of you merry christmas and a very happy new year
Attached Image
  • #909
  • Dec 25, 2012 3:06am Dec 25, 2012 3:06am
Merry Christmas and Healthy in New Year and remember PT&TP
Attached Image
  • #910
  • Dec 25, 2012 9:26am Dec 25, 2012 9:26am
Hi FxGroup,

Attached is the daily AUDUSD. Purple line is monthly support/resistance and trendline, yellow is the weekly. Since P close below the weekly support, this I think confirms short opportunity. I am planning to enter below 1.04139 with target at 1.023. What's your though on this?




[quote=fxgroup;6309717]
Quoting sodiska

Well spotted the TL....the confluence between the TL and the 1.05 BRN is very important ! Before consider a short within the RM be sure of the sellers confirmation of 2 R levels ( TL+ BRN ) !
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_weekly.gif Size: 17 KB
  • #911
  • Dec 25, 2012 10:25am Dec 25, 2012 10:25am
Quoting sodiska
Hi FxGroup,

Attached is the daily AUDUSD. Purple line is monthly support/resistance and trendline, yellow is the weekly. Since P close below the weekly support, this I think confirms short opportunity. I am planning to enter below 1.04139 with target at 1.023. What's your though on this?

If you enter on a RET W then the target should also be W (that is, short term). Imo you are late to the downtrend and there are some potentially dangerous swings and RM to the left.

Finally, you are missing about 30% worth of analysis room by plotting a quite unneded ATR squiggly line.
  • #912
  • Dec 25, 2012 7:25pm Dec 25, 2012 7:25pm
Hi, thanks for the reply. Can you advice, when was the best time to enter since I am late for this trade?



Quoting dfumagalli
If you enter on a RET W then the target should also be W (that is, short term). Imo you are late to the downtrend and there are some potentially dangerous swings and RM to the left.

Finally, you are missing about 30% worth of analysis room by plotting a quite unneded ATR squiggly line.
  • #913
  • Dec 26, 2012 1:18pm Dec 26, 2012 1:18pm
AUSUSD MN

We have to wait till mn confirmation.
MN, W, D looks dwn, but we need Dec close.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-26_20-15_AUSUSD_MN.png Size: 28 KB
  • #914
  • Dec 26, 2012 6:50pm Dec 26, 2012 6:50pm
Hi, thanks for the info. But, dfumagalli has the opinion that its already late for entry. Are you having different view from dfumagalli? Am trying to understand the rationale for the analysis.



Quoting Dariusz
AUSUSD MN

We have to wait till mn confirmation.
MN, W, D looks dwn, but we need Dec close.
  • #915
  • Dec 26, 2012 7:31pm Dec 26, 2012 7:31pm
Hi,

I am looking at another setup at GBPNZD. Purple is monthly S/R, brown is weekly. P is in weekly RM, and doji is formed at weekly support. I take that as a clue to say P is rejecting the upward momentum at 1.9768. In daily chart, notice there are 3 doji for the past 3 days. I take that as signal to enter P below 1.9768 with target at monthly support at 1.9296. Any feedback is welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd_weekly.jpg Size: 127 KB
Click to Enlarge Name: gbpnzd_daily.jpg Size: 133 KB
  • #916
  • Dec 27, 2012 1:09am Dec 27, 2012 1:09am
Quoting sodiska
Hi, thanks for the info. But, dfumagalli has the opinion that its already late for entry. Are you having different view from dfumagalli? Am trying to understand the rationale for the analysis.
We have the same view on this setup and as You see from W perspective it might be to late as price moved half way in triangle, so now we have to wait to see reaction on APEX and confirmation after leaving it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-27_08-04_AUSUSD_W.png Size: 32 KB
  • #917
  • Dec 27, 2012 2:29am Dec 27, 2012 2:29am
Quoting Dariusz
AUSUSD MN

We have to wait till mn confirmation.
MN, W, D looks dwn, but we need Dec close.
Hi Dariusz

This is an advanced interpretation of the M chart with the DOJI candle as controlling.....beeing a doji that means we have a RM between the limits (high and low) of the doji candle.
The W shows us a RM with a DBHLC @ the R ....we have to be carefull= MM at a very important level within the RM as in my chart !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-12-27_AUM.png Size: 47 KB
Click to Enlarge Name: AUW.png Size: 46 KB
Nothing personal,just business
  • #918
  • Dec 27, 2012 7:46am Dec 27, 2012 7:46am
Well, seems I make wrong analysis, the doji is not consider a doji until weekly is close. Damn, need to wake up.



Quoting sodiska
Hi,

I am looking at another setup at GBPNZD. Purple is monthly S/R, brown is weekly. P is in weekly RM, and doji is formed at weekly support. I take that as a clue to say P is rejecting the upward momentum at 1.9768. In daily chart, notice there are 3 doji for the past 3 days. I take that as signal to enter P below 1.9768 with target at monthly support at 1.9296. Any feedback is welcome.
  • #919
  • Dec 27, 2012 8:04am Dec 27, 2012 8:04am
Thank you fxgroup, here is my close-up of AUDUSD Weekly and its level, at least we had a close below 1.0400.

My best wishes to all of you for 2013 !

Best of health, peace and prosperity.


============
Michael
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-27_1501_AUDUSD_W.jpg Size: 184 KB
Be like water.
  • #920
  • Dec 29, 2012 3:01pm Dec 29, 2012 3:01pm
Happy new year to everyone!
1 trader viewing now