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Beyond the Candles

  • #1,001
  • Feb 5, 2013 12:18pm Feb 5, 2013 12:18pm
Quoting iulianpojar
EURAUD

M - WPD change trend to bullish
Attachment

W - WPD forming nice head and shoulders
Attachment

D - WPG to monthly resistance in a new range market 1.3857
Attachment

MM @ 1.3295

what do you think?
Thank you julian for the charts, that is just about exactly the same levels I have on my charts. Well done and thank you !


Michael
Be like water.
  • #1,002
  • Feb 5, 2013 4:00pm Feb 5, 2013 4:00pm
Quoting msmarple
NZDUSD Weekly is still looking interesting, and might be good example for studying.

Thank you for all your contributions !

Michael
We have same levels on this pair ;-)

And here is chart from Jan 25 th http://www.forexfactory.com/showthre...45#post6394245



Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-05_22-57_NZDUSD_D.png Size: 19 KB
  • #1,003
  • Feb 5, 2013 4:52pm Feb 5, 2013 4:52pm
Quoting Dariusz
We have same levels on this pair ;-)

And here is chart from Jan 25 th http://www.forexfactory.com/showthre...45#post6394245



Attachment

Yes, lets see what happens this week !



M.
Be like water.
  • #1,004
  • Feb 5, 2013 11:20pm Feb 5, 2013 11:20pm
Hi, anyone looking at GOLD? Seems P is in a tight triangle in W. If P close below or above the triangle, then its a good trade to go into. Hope I got this right.
Attached Image (click to enlarge)
Click to Enlarge Name: gold_weekly.gif Size: 18 KB
  • #1,005
  • Feb 6, 2013 12:34am Feb 6, 2013 12:34am
Quoting sodiska
Hi, anyone looking at GOLD? Seems P is in a tight triangle in W. If P close below or above the triangle, then its a good trade to go into. Hope I got this right.
Yes sodiska, but I won´t trade it as long as 1,710.00 resistance area ( better even 1,800.00 ) or 1,605.00 support has been broken, it is currently quite choppy. I am more bullish for Natural Gas and Soybeans. In the metals, look at Copper, that is not so heavily looked upon ( some say " manipulated "....).

M.
Be like water.
  • #1,006
  • Feb 6, 2013 12:37am Feb 6, 2013 12:37am
NZDUSD Daily. here we have a close-up after my W chart. This open range of the bearish candle might be a bit strange at first sight, but you sometimes have these, look at other examples, like on Yahoo after earnings, or in Stocks for example Deutsche Bank.

Good trading to all !


Michael
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-06_0647_NZDUSD_D.png Size: 53 KB
Be like water.
  • #1,007
  • Feb 6, 2013 1:53am Feb 6, 2013 1:53am
Hi, 1710 and 1605 are based on Weekly charts ?


Quoting msmarple
Yes sodiska, but I won´t trade it as long as 1,710.00 resistance area ( better even 1,800.00 ) or 1,605.00 support has been broken, it is currently quite choppy. I am more bullish for Natural Gas and Soybeans. In the metals, look at Copper, that is not so heavily looked upon ( some say " manipulated "....).

M.
  • #1,008
  • Feb 6, 2013 8:00am Feb 6, 2013 8:00am
NZDUSD

Tha last M candle closed as an indecision candle just as the W candle !
From a D point of view, the 02.04 turn the P back within the old RM !
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-06_14-59_Main@thinkorswim [build.png Size: 36 KB
Nothing personal,just business
  • #1,009
  • Feb 6, 2013 9:08am Feb 6, 2013 9:08am
[quote=sodiska;6422618]
Quote
Hi, anyone looking at GOLD? Seems P is in a tight triangle in W. If P close below or above the triangle, then its a good trade to go into. Hope I got this right.
If it closes bellow the triangle then 1566 becomes the Tg with MM@ 1628 !..notice how the P is stuck within the doji's range and this make the 1628 to be the first MM level !
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD.png Size: 42 KB
Nothing personal,just business
  • #1,010
  • Feb 6, 2013 12:48pm Feb 6, 2013 12:48pm
Hi, how do you define NCA and NCB (criteria for NCA and NCB)?


[quote=fxgroup;6424343]
Quoting sodiska
If it closes bellow the triangle then 1566 becomes the Tg with MM@ 1628 !..notice how the P is stuck within the doji's range and this make the 1628 to be the first MM level !
  • #1,011
  • Feb 6, 2013 12:54pm Feb 6, 2013 12:54pm
[quote=sodiska;6424951]Hi, how do you define NCA and NCB (criteria for NCA and NCB)?

Sodiska,

You should ask about how do you define SR and you got the answer
  • #1,012
  • Feb 6, 2013 2:29pm Feb 6, 2013 2:29pm
[quote=sodiska;6424951]
Quote
Hi, how do you define NCA and NCB (criteria for NCA and NCB)?
NCA& NCB stay for no close above& no close bellow and represents those levels what act as R and S...levels identified using the open/ close of the swing. .....these type of S/ R levels are one of the most powerful levels in trading giving very important information as long as the candle/ swing doesn't close above/ bellow !

P.S. Let me know if it is all clear...put some chart with these kind of levels and we will talk about it !
Look at AUDUSD !
Attached Image (click to enlarge)
Click to Enlarge Name: levels.png Size: 32 KB
Nothing personal,just business
  • #1,013
  • Feb 6, 2013 3:00pm Feb 6, 2013 3:00pm
Let's see an example of how to read the P on GOOGLE chart !
Attached Image (click to enlarge)
Click to Enlarge Name: google.png Size: 46 KB
Nothing personal,just business
  • #1,014
  • Feb 7, 2013 6:54am Feb 7, 2013 6:54am
Hi, thanks for helping. I attached the EURNZD W chart with NCB & NCA. Is my analysis correct?



[quote=fxgroup;6425135]
Quoting sodiska
NCA& NCB stay for no close above& no close bellow and represents those levels what act as R and S...levels identified using the open/ close of the swing. .....these type of S/ R levels are one of the most powerful levels in trading giving very important information as long as the candle/ swing doesn't close above/ bellow !

P.S. Let me know if it is all clear...put some chart with these kind of levels and we will talk about it !
Look at AUDUSD !
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd_weekly.gif Size: 20 KB
  • #1,015
  • Feb 7, 2013 9:40am Feb 7, 2013 9:40am
Hi sodiska
I put some thoughts on the chart !
Attached Image (click to enlarge)
Click to Enlarge Name: S.png Size: 31 KB
Nothing personal,just business
  • #1,016
  • Feb 7, 2013 10:05am Feb 7, 2013 10:05am
Quoting fxgroup
NZDUSD

Tha last M candle closed as an indecision candle just as the W candle !
From a D point of view, the 02.04 turn the P back within the old RM !
Do you remember this post...let's see it ...today !....no surprise when we now how to read Beyod the Candles !
Attached Image (click to enlarge)
Click to Enlarge Name: NU.png Size: 41 KB
Nothing personal,just business
  • #1,017
  • Feb 8, 2013 3:55am Feb 8, 2013 3:55am
EURUSD looks like we are at important levels .... M support

http://www.forexfactory.com/showthre...37#post6414937

CADCHF

1 st TG hittted , now let's see if 2 nd is possible ?

http://www.forexfactory.com/showthre...02#post6415402


Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-08_10-48_CADCHF_D.png Size: 21 KB
  • #1,018
  • Feb 10, 2013 10:05am Feb 10, 2013 10:05am
Hi fxgroup, thanks for the tutorial. You give a good education. I have further question, attached is the GBPCHF chart. I circle 2WPB, is that correct?

Also my analysis:

WPD: P bounce at S RN 1.4200 in W. 2W PB is formed. Means seller not able to sustain and buyer fights back, therefore potentially P will go up.

But P is nearing M R at 1.4563, is this an important R? My though is, it is, because P was bouncing around this R back in 2010 and 2011.

Am I on the right track?



Quoting fxgroup
Hi sodiska
I put some thoughts on the chart !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_weekly.gif Size: 14 KB
  • #1,019
  • Feb 10, 2013 5:13pm Feb 10, 2013 5:13pm
[quote=sodiska;6433519]
Quote
I have further question, attached is the GBPCHF chart. I circle 2WPB, is that correct?
In order to have a 2TFPB the candle must have almost the same dimensions, as for a bullish one we always prefer to see the 2° candle close higher than the 1° candle open.....and....GBPCHF is a really mess right now...don't complicate with it....there are far more interesting pairs !

If you want to see a real 2WPB, take a look at GBPSEK !
Attached Image (click to enlarge)
Click to Enlarge Name: 2WPB.png Size: 39 KB
Nothing personal,just business
  • #1,020
  • Feb 10, 2013 7:02pm Feb 10, 2013 7:02pm
Hi, unfortunately my broker do not have the pair GBPSEK. Btw, how do you interpret GBPCHF is a mess ?



[quote=fxgroup;6434123]
Quoting sodiska
In order to have a 2TFPB the candle must have almost the same dimensions, as for a bullish one we always prefer to see the 2° candle close higher than the 1° candle open.....and....GBPCHF is a really mess right now...don't complicate with it....there are far more interesting pairs !

If you want to see a real 2WPB, take a look at GBPSEK !
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