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Beyond the Candles

  • #1,101
  • Mar 14, 2013 8:29am Mar 14, 2013 8:29am
USDTRY-PTT&TTP...all depends by Trading Psychology !
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Nothing personal,just business
  • #1,102
  • Mar 15, 2013 9:44pm Mar 15, 2013 9:44pm
I'm sure the issue is ways to seek hint. once the fad is usually grasp underside or possibly major, definitely will the cost slow or possibly go on all the tendency once break our by merging region. whenever a large is usually drained or unrealistic or maybe good?
You may well enlighten us . what type of hint you take advantage of. Could it be basically S/R, Fibo replacement and / or another thing completely new?

Thank you & Peace of mind!!
  • #1,103
  • Edited 7:15am Mar 16, 2013 6:48am | Edited 7:15am
Hope everyone is having a good weekend.
AUDCHF is a pair I am looking at for next week if sellers confirmation shows up.
On the Daily there is already a BEOB + PB (sellers confirmation) but it had to clear 2 M levels close together so I am looking for extra confirmation
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Always Learning
  • #1,104
  • Mar 16, 2013 7:18am Mar 16, 2013 7:18am
Looks good

We will have to wait and see how AUD strength in general develops. In AUDUSD there was a bounce off the lows, and AUDJPY touched 100.00 but retreated slightly ( in the wake of USDJPY retrace ).

But even if 100.00 is high or AUDCHF looks overbought we have to wait for fxgroup´s confirmation signals, as " too high " can even go higher, especially if all retail traders are convinced of a reversal.....

Have a nice weekend everyone !
Be like water.
  • #1,105
  • Mar 16, 2013 8:15am Mar 16, 2013 8:15am
Quoting JayTrader
Hope everyone is having a good weekend.
AUDCHF is a pair I am looking at for next week if sellers confirmation shows up.
On the Daily there is already a BEOB + PB (sellers confirmation) but it had to clear 2 M levels close together so I am looking for extra confirmation
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Attachment
Jay...

Daily has closed down and below daily s/r... BUT... weekly still closed up, so Bulls still in charge on weekly for now...

Monday tuesday most likely see some daily moves down to weekly s/r before a retest of the high at least..

Weekly chart attached
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tradewith60
  • #1,106
  • Mar 16, 2013 8:19am Mar 16, 2013 8:19am
AU daily and weekly closing up and over s/r... confirms a move up to a monthly sr at least... we are right at a level on monthly now and just above (see daily chart with monthly s/r marked) Expect a grind up to the monthly line then sharp correction when we hit

Daily chart attached, monthly sr
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tradewith60
  • #1,107
  • Mar 17, 2013 2:47pm Mar 17, 2013 2:47pm
Hi Fxgroup, EURAUD P in W close below neckline with strong bearish candle. First sign of bear taking control?




[quote=sodiska;6507632]Noted. Thank you again.



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  • #1,108
  • Mar 17, 2013 3:10pm Mar 17, 2013 3:10pm
[quote=sodiska;6521090]Hi Fxgroup, EURAUD P in W close below neckline with strong bearish candle. First sign of bear taking control?




Quoting sodiska
Noted. Thank you again.

at the moment in confluence of resistence. maybe better to stay aside till we get a clear confirmation.
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trading is not an addiction. it's a profession.
  • #1,109
  • Mar 18, 2013 9:18am Mar 18, 2013 9:18am
Quoting 60minuteman
AU daily and weekly closing up and over s/r... confirms a move up to a monthly sr at least... we are right at a level on monthly now and just above (see daily chart with monthly s/r marked) Expect a grind up to the monthly line then sharp correction when we hit

Daily chart attached, monthly sr
You don't need those ugly lines...all you you need is simple price !...and your M levels are so close that is impossible to make MM.
The W closed above 1.0362 and is toward to the W RM's R....where we will wait to see somo furthers information. A close above it makes 1.08 and 1.10 the next TGs.
I will consider to sell it only bellow 1.0150 till the dynamic S !
Nothing personal,just business
  • #1,110
  • Mar 19, 2013 5:07am Mar 19, 2013 5:07am
[quote=haimber;6521187][quote=sodiska;6521090]
Quote
Hi Fxgroup, EURAUD P in W close below neckline with strong bearish candle. First sign of bear taking control?
at the moment in confluence of resistence. maybe better to stay aside till we get a clear confirmation.
At this moment I have only 2 levels on my chart: 1.30 for buy it and 1.22 for sell it !
Nothing personal,just business
  • #1,111
  • Mar 19, 2013 12:42pm Mar 19, 2013 12:42pm
EURGBP M shows a bullish flag formed. M trend is bullish but on Feb, a PB is formed with long head and P close above TL. Indecision here. In W chart, P is stuck around 0.8670. If this W P close below bearish TL, opportunity to short with TG at 0.8290.
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  • #1,112
  • Mar 19, 2013 3:34pm Mar 19, 2013 3:34pm
Quoting sodiska
EURGBP M shows a bullish flag formed. M trend is bullish but on Feb, a PB is formed with long head and P close above TL. Indecision here. In W chart, P is stuck around 0.8670. If this W P close below bearish TL, opportunity to short with TG at 0.8290.
I'm newbie here..I'm trying to better understand this methodology. Sorry for stupid remarks and/or questions.
In my opinion your bullish flag is bearish channel. Now M trend is bullish but we have NCA..Feb candle is doji..so it means indecision as you said. In W chart last week closed with a BEOB below 0.8681 level, so we need a confirmation and PA candle on D chart in order to perfom a short trade with 1°TG 0.8415 and 2°TG 0.8184, even if we are countertrend in M and W.
Could be correct my point of view?
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  • #1,113
  • Mar 19, 2013 4:34pm Mar 19, 2013 4:34pm
AUDCAD
Here is a pair I am watching. Pair is testing the top of the M RM . Still a week early but watching to see if buyers push it out of the RM or if sellers push it back in. Buy would be a close above 1.065 and sell would be a close below 1.055 on M, with appropriate daily PA to support the trade MM and TGTs are marked on the chart. Final TGT for sell would be where TL and RM S meet.
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Always Learning
  • #1,114
  • Mar 20, 2013 2:30am Mar 20, 2013 2:30am
Quoting wolf304
I'm newbie here..I'm trying to better understand this methodology. Sorry for stupid remarks and/or questions.
In my opinion your bullish flag is bearish channel. Now M trend is bullish but we have NCA..Feb candle is doji..so it means indecision as you said. In W chart last week closed with a BEOB below 0.8681 level, so we need a confirmation and PA candle on D chart in order to perfom a short trade with 1°TG 0.8415 and 2°TG 0.8184, even if we are countertrend in M and W.
Could be correct my point of view?
Flags that contain enough swings or retrace back deep enough (can check that with Fibonacci tool) reveal to actually be channels.
In the specific example, if the current monthly swing is confirmed by a PA pattern, then we are in a bearish channel.
  • #1,115
  • Mar 20, 2013 3:46am Mar 20, 2013 3:46am
Quoting dfumagalli
In the specific example, if the current monthly swing is confirmed by a PA pattern, then we are in a bearish channel.
That means if the current M candle close with a PB below TL and M level, bearish channel is confirmed. Right?
If the current M candle close with a simple bearish candle (not PA pattern) below TL and M level, can we consider bearish channel confirmed?
  • #1,116
  • Mar 20, 2013 5:48am Mar 20, 2013 5:48am
[quote=JayTrader;6528831]
Quote
AUDCAD
Here is a pair I am watching. Pair is testing the top of the M RM . Still a week early but watching to see if buyers push it out of the RM or if sellers push it back in. Buy would be a close above 1.065 and sell would be a close below 1.055 on M, with appropriate daily PA to support the trade MM and TGTs are marked on the chart. Final TGT for sell would be where TL and RM S meet.
Hi Jay
This is what I'm looking too..nice chart...the P is in a strong bullish long term and a close above the RM's R will push the P to the next important TGs...note how the P reached the R level after the BUOB confirmation at the RM's S level !

AUDJPY
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Nothing personal,just business
  • #1,117
  • Mar 23, 2013 8:15am Mar 23, 2013 8:15am
Quoting wolf304
That means if the current M candle close with a PB below TL and M level, bearish channel is confirmed. Right?
If the current M candle close with a simple bearish candle (not PA pattern) below TL and M level, can we consider bearish channel confirmed?
The best setup would be a bearish PA pattern that also closes below the previous bar.
If it closed as it's today it'd be an inside bar and that's a less certain outcome.

Basically price does what it wants, including forming PA-less swings but we are after the clear ones or "confirmed ones".
The so called "selection criteria" are a very important tool for a trader's safest choices.
  • #1,118
  • Mar 24, 2013 3:40pm Mar 24, 2013 3:40pm
Quoting dfumagalli
The best setup would be a bearish PA pattern that also closes below the previous bar.
If it closed as it's today it'd be an inside bar and that's a less certain outcome.

Basically price does what it wants, including forming PA-less swings but we are after the clear ones or "confirmed ones".
The so called "selection criteria" are a very important tool for a trader's safest choices.
ok thank...very clear
  • #1,119
  • Mar 25, 2013 12:21pm Mar 25, 2013 12:21pm
EURNZD, W & D trend bearish. Last week P in W NCB 1.5477 which is the bottom of W RM. If end this W P close below 1.5477, short this pair with TG at around 1.5203. What do you guys think ?
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  • #1,120
  • Mar 25, 2013 1:01pm Mar 25, 2013 1:01pm
[/quote]
Quoting sodiska
EURNZD, W & D trend bearish. Last week P in W NCB 1.5477 which is the bottom of W RM. If end this W P close below 1.5477, short this pair with TG at around 1.5203. What do you guys think ?
In my opinion just to be sure on who will get level (1.5470) wait close below for M & W and then wait a PA candle on D chart. So short trade till 1.5100 level. That is the minimun level never reached by the pair (or my historian is not update).
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