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  • #1,221
  • Apr 30, 2013 2:23am Apr 30, 2013 2:23am
GBPCHF

The P reached the TL as R so the MM becomes compulsory...notice the TL hold the P bellow it since 2012.7.23...so it's an important dynamic level for MM !
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Nothing personal,just business
  • #1,222
  • Apr 30, 2013 7:32am Apr 30, 2013 7:32am
Quoting fxgroup
GBPCHF The P reached the TL as R so the MM becomes compulsory...notice the TL hold the P bellow it since 2012.7.23...so it's an important dynamic level for MM ! {image}
Hi Fxgroup,

What about horizontal M SR , looks as confluence with TL, but more precise ?

I upload my chart with daily dynamic range in blue.

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  • #1,223
  • Apr 30, 2013 9:06am Apr 30, 2013 9:06am
Hi Dariusz
Let's tell you something...my reading charts ALWAYS starts with the naked chart and I always try to keep on the chart ONLY the levels I really need in order to keep my charts as simple ( clean ) as possible..and that has a very clear goal......I don't have to allow the distract me from the P reading...ONLY the levels (static and dynamic ) that relly influence the P now and the MM / TG levels...nothing more !
Here is a chart as an example of the simplicity....Google M chart after the PB bearish all we need was onye one level to know where waiting for the P...any surprise...not for us !
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  • #1,224
  • Apr 30, 2013 2:01pm Apr 30, 2013 2:01pm
Quoting fxgroup
Hi Dariusz Let's tell you something...my reading charts ALWAYS starts with the naked chart and I always try to keep on the chart ONLY the levels I really need in order to keep my charts as simple ( clean ) as possible..and that has a very clear goal......I don't have to allow the distract me from the P reading...ONLY the levels (static and dynamic ) that relly influence the P now and the MM / TG levels...nothing more ! Here is a chart as an example of the simplicity....Google M chart after the PB bearish all we need was onye one level to know where...
It is very clear example fxgroup , and you're right, but it requires a lot of time with price watching and excercises, but we have a time ;-) Spoofing candle looks like ideal moment for S, but only till SR level as RET in this case, but where you set TG in this case ???
  • #1,225
  • Apr 30, 2013 4:56pm Apr 30, 2013 4:56pm
Hi fxgroup!

What do you think about NZDCAD? I am still waiting for breakdown and confirmation. Or is it risky against the trend?
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  • #1,226
  • May 2, 2013 7:21am May 2, 2013 7:21am
Quoting Beertje
Hi fxgroup! What do you think about NZDCAD? I am still waiting for breakdown and confirmation. Or is it risky against the trend? {image} {image} {image}
The fact that the last two M candles closed within the previous candle's range tells me that we are in front of a strong R !
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Nothing personal,just business
  • #1,227
  • May 2, 2013 9:54am May 2, 2013 9:54am
Quoting fxgroup
{quote} The fact that the last two M candles closed within the previous candle's range tells me that we are in front of a strong R ! {image}
thanks for the reply
  • #1,228
  • May 2, 2013 2:13pm May 2, 2013 2:13pm
Quoting fxgroup
{quote} The fact that the last two M candles closed within the previous candle's range tells me that we are in front of a strong R ! {image}
BUT, the last candle is but a day or two old so lets not get ahead of ourselves here, that is where it opened.
  • #1,229
  • May 2, 2013 4:32pm May 2, 2013 4:32pm
I was talking about the march and april closed within the february's high...on the chart I was pointing where the P did RET at the beggining of this month !
Nothing personal,just business
  • #1,230
  • May 2, 2013 10:53pm May 2, 2013 10:53pm
Quoting fxgroup
I was talking about the march and april closed within the february's high...on the chart I was pointing where the P did RET at the beggining of this month !

Sorry, my misunderstanding. Have to agree though that this looks like we could have some RT upcoming.

But yesterday had a PB at S suggesting at least another test of R.
  • #1,231
  • May 4, 2013 3:28pm May 4, 2013 3:28pm
GOLD just for practice all comments are highly welcome !

M WPG - apr RET till M R
W WPD - dynamic RM since 2010 ??? just an idea
2W PB
this W close as doji made a D RM with SR 1455-1476

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  • #1,232
  • May 5, 2013 4:14pm May 5, 2013 4:14pm
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Hello Fxgroup and everyone!
I'm a new user to Forexfactory, I'm Italian (then sorry for my English and grammar mistake...)
My PTT TTP!
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  • #1,233
  • May 6, 2013 2:38am May 6, 2013 2:38am
Hi mitomane and welcome !
The traffic is not the only problem, but the simple fact that the W candle shows us an indecision within the RM (range market ) is a clue of the battle between the buyers and sellers and how difficult will be for the these sellers !...more then this the CB ( controlling bar ) is a bullish one meanwhile the PB is a bearish information !
The M PB bearish is right after the BUOB !
Nothing personal,just business
  • #1,234
  • May 6, 2013 5:22am May 6, 2013 5:22am
EURJPY a very useful example how important identifying the S/R levels using the O/ C of the SWs... where the nca ( no close above )+ ncb ( no close bellow ) gives us a very important information about who is in level's controll !
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  • #1,235
  • May 7, 2013 9:40am May 7, 2013 9:40am
Hi, you make the right call, P went south all the way. I miss this as I was waiting P in W to close below 1.0550 and do RT. But it did not happen.


Quoting sodiska
Hi, I though it would be safer to trade after W P close below 1.0550? Shown in the attached chart. {quote} {image}
  • #1,236
  • May 7, 2013 3:17pm May 7, 2013 3:17pm
Quoting Dariusz
{quote} Hi Fxgroup, What about horizontal M SR , looks as confluence with TL, but more precise ? I upload my chart with daily dynamic range in blue. {image}
Very interesting how P respecting SR .

Attached Image (click to enlarge)
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  • #1,237
  • May 7, 2013 4:10pm May 7, 2013 4:10pm
I had a nice trade on NZDCAD, but the second trade on EURGBP was a mistake...
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  • #1,238
  • May 7, 2013 4:11pm May 7, 2013 4:11pm
EURGBP, I think the entry was too early.
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  • #1,239
  • May 8, 2013 1:59am May 8, 2013 1:59am
I really apreciate your posts.....NZDCAD...look how the P react and worked at the R level where the 2DPB was the sellers confirmation at the R!
EURGBP-as we allready said the safiest way to sell is bellow the RM ( your 0.8411 ) with PA bearish as sellers confirmation !
Nothing personal,just business
  • #1,240
  • May 8, 2013 3:45am May 8, 2013 3:45am
Hello thread friends,

GBP/USD looks interesting to me:

Monthly and Weekly close above MR = price back into previous RM
Now nice RET is forming at MR (now MS)
Waiting for PA at MS
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