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Beyond the Candles

  • #1,041
  • Feb 22, 2013 4:08pm Feb 22, 2013 4:08pm
Thanks FXgroup I see that P is reacting to the NL like you said so I took 50% of my trade off and moved everything to BE in case Have a good Weekend
Quoting fxgroup
EURAUD

The W chart is what I am interested more because of the H&S pattern....now the P is doing a RET on the NL (neck line)'s pattern...it will be very interesting to watch it !
Always Learning
  • #1,042
  • Feb 22, 2013 4:17pm Feb 22, 2013 4:17pm
London, 22 February 2013 -- Moody's Investors Service has today downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa
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  • #1,043
  • Feb 22, 2013 4:57pm Feb 22, 2013 4:57pm
EA outlook, decisive close on weekly chart signals a move to monthly s/r
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tradewith60
  • #1,044
  • Feb 22, 2013 4:58pm Feb 22, 2013 4:58pm
GOLD BIAS... nothing to stop it until the bottom of the bank
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tradewith60
  • #1,045
  • Feb 24, 2013 11:31am Feb 24, 2013 11:31am
Hi, P didnt close below the neckline. So we wait for RT in D to place a short trade ?




Quoting fxgroup
EURAUD

The W chart is what I am interested more because of the H&S pattern....now the P is doing a RET on the NL (neck line)'s pattern...it will be very interesting to watch it !
  • #1,046
  • Feb 24, 2013 3:31pm Feb 24, 2013 3:31pm
Hello,

as I announced in a previous post, I created a quite rough video where I explain - within my limits - some of the basics of the WPD-WPG method.

I humbly beg pardon for my abusively awful, self taught English, I hope the speech is understandable at last.


The video is in full HD and is 1 hour and 20 minutes long

It covers the following topics:

Method general concepts.
Drawing the price levels and some criteria to place them well.
Some Metatrader little tricks to unclutter price levels.
Checking the monthly, then weekly and finally the daily time frames.
Checking what price is doing.
Visible effects of going with the trend.
Two WPD-WPG trade setups examples.

 

  1. Pin bar first target rule.
  2. Waiting for candles to close.
  3. Stop loss.
  4. Money management by following the price and letting profits run.
  5. Trading from level to level.




Inserted Video
  • #1,047
  • Feb 24, 2013 5:00pm Feb 24, 2013 5:00pm
Thank you for the video dfumagalli

P.s. "I humbly beg pardon for my abusively awful, self taught English, I hope the speech is understandable at last'... Your English is fine.
  • #1,048
  • Feb 25, 2013 1:43am Feb 25, 2013 1:43am
[quote=sodiska;6469506]
Quote
Hi, P didnt close below the neckline. So we wait for RT in D to place a short trade ?
As long as the neckline acts as S we should look for long !
Nothing personal,just business
  • #1,049
  • Feb 25, 2013 2:29am Feb 25, 2013 2:29am
oh very sorry , my mistake, typo error, it should be long not short.



[quote=fxgroup;6470578]
Quoting sodiska
As long as the neckline acts as S we should look for long !
  • #1,050
  • Feb 25, 2013 9:17am Feb 25, 2013 9:17am
Quoting dfumagalli
Hello,

as I announced in a previous post, I created a quite rough video where I explain - within my limits - some of the basics of the WPD-WPG method.
Thankyou dfumagalli - Very good video! Keep up! I'm allready waiting for the next one
  • #1,051
  • Feb 25, 2013 11:25am Feb 25, 2013 11:25am
GBPUSD
This pair is in bearish trend in all the TFs and closed bellow an important RM+ long time TL. All we have to do is to wait a RET in order to get the final TG with MM at these levels !
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Nothing personal,just business
  • #1,052
  • Feb 25, 2013 1:53pm Feb 25, 2013 1:53pm
Quoting dfumagalli
Hello,

as I announced in a previous post, I created a quite rough video where I explain - within my limits - some of the basics of the WPD-WPG method.

I humbly beg pardon for my abusively awful, self taught English, I hope the speech is understandable at last.


The video is in full HD and is 1 hour and 20 minutes long

Very good job, well done Fuma!! Thank you very much.
  • #1,053
  • Feb 25, 2013 4:49pm Feb 25, 2013 4:49pm
S&P.....1440....I really like it !
Nothing personal,just business
  • #1,054
  • Feb 25, 2013 4:52pm Feb 25, 2013 4:52pm
Quoting fxgroup
S&P.....1440....I really like it !
So am I ;-)
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  • #1,055
  • Feb 25, 2013 5:55pm Feb 25, 2013 5:55pm
Apple Inc:

I hope I have drawn this correctly. If so, then the situation does not require words.

Obligatory money management at around 420 (see swing all to the left).
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  • #1,056
  • Feb 26, 2013 2:26am Feb 26, 2013 2:26am
[quote=Dariusz;6473304]
Quote
So am I ;-)

My chart !
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Nothing personal,just business
  • #1,057
  • Feb 26, 2013 4:33am Feb 26, 2013 4:33am
Quoting dfumagalli
Hello,

as I announced in a previous post, I created a quite rough video where I explain - within my limits - some of the basics of the WPD-WPG method.

I humbly beg pardon for my abusively awful, self taught English, I hope the speech is understandable at last.


The video is in full HD and is 1 hour and 20 minutes long

It covers the following topics:

Method general concepts.
Drawing the price levels and some criteria to place them well.
Some Metatrader little tricks to unclutter price levels.
Checking the monthly,...
Well done, excellent video, Your self-taught English is excellent.
  • #1,058
  • Feb 26, 2013 5:13pm Feb 26, 2013 5:13pm
hi dfumagalli,
the video is very very helpful. thanks for sharing it. it gives me answers to most questions about the methodology of the trades.
p.s. your english is perfectly fine, so no need to apologize.
BR
plamen
Quoting dfumagalli
Hello,

as I announced in a previous post, I created a quite rough video where I explain - within my limits - some of the basics of the WPD-WPG method.

I humbly beg pardon for my abusively awful, self taught English, I hope the speech is understandable at last.


The video is in full HD and is 1 hour and 20 minutes long

It covers the following topics:

Method general concepts.
Drawing the price levels and some criteria to place them well.
Some Metatrader little tricks to unclutter price levels.
Checking the monthly,...
  • #1,059
  • Feb 26, 2013 5:40pm Feb 26, 2013 5:40pm
[quote=fxgroup;6457004]
Quoting peichini
..We don't have an idea....we know for sure !
After the M BEOB at the RM's R it was clear that the P is going to the S...with bullish TL as first MM level.
All we have to do is ta wait for confirmation at the 1.5340 in order to see if the buyers will keep the P within the RM or the sellers will close bellow it with TG as in my chart !
thanks fxgroup. very helpful.
by the way my chart looks exactly like your newly posted gbp/usd chart. only my targets are your MM levels. hopefully I start to understand some of the stuff here.
thanks,
BR
plamen
  • #1,060
  • Feb 26, 2013 6:54pm Feb 26, 2013 6:54pm
[quote=peichini;6476367]
Quoting fxgroup

thanks fxgroup. very helpful.
by the way my chart looks exactly like your newly posted gbp/usd chart. only my targets are your MM levels. hopefully I start to understand some of the stuff here.
thanks,
BR
plamen
MM levels are a sort of target. What FXGroup does, however, is to consider a quite distant final target and then tries to keep the trades open at those intermediate MM levels. Sometimes price will bounce back and take him out making him lose 1-2 candles worth of profit, sometimes price goes through and this allows 5-6 more candles worth of profit.
That "get less money quick and for sure" vs "possibly get more money but later" is a choice ultimately left to your ability, practice, wallet and psychological factors.
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