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Beyond the Candles

  • #1,261
  • May 15, 2013 5:19pm May 15, 2013 5:19pm
Last days I learned how important is redraw the trendlines and levels. You can get a very another picture... Thank fxgroup!
  • #1,262
  • May 20, 2013 3:04pm May 20, 2013 3:04pm
EURUSD-W chart
WPD-The P closes bellow the small RM
WPG-to the RM's S
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Nothing personal,just business
  • #1,263
  • May 22, 2013 4:42am May 22, 2013 4:42am
Why the higher TF's S/ R levels are so important..let's take a look at MGA !
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  • #1,264
  • May 24, 2013 6:27am May 24, 2013 6:27am
EURNZD

M-RM with indecision at S level
W-RM with strong R levels
Notice where the P did RET after the W candle that closes above the W RM !
D-we have 2 BUOBs as buyers confirmations at the old R level that now acts as S !
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  • #1,265
  • May 24, 2013 4:38pm May 24, 2013 4:38pm
What do you think about this. GBPNZD, The last 2 week candles close above the M Resistance and the last week candle is a Pinbar. The last 2 days candles are IB pattern. I'm waiting for marketopen.
Attached Image(s) (click to enlarge)
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  • #1,266
  • May 27, 2013 6:20am May 27, 2013 6:20am
Quoting Beertje
What do you think about this. GBPNZD, The last 2 week candles close above the M Resistance and the last week candle is a Pinbar. The last 2 days candles are IB pattern. I'm waiting for marketopen. {image} {image}
The P is stuck between 2 important levels...this is an important factor for RMs development !
Nothing personal,just business
  • #1,267
  • May 28, 2013 7:24am May 28, 2013 7:24am
AUDUSD

The P reached a very important level..now all we have to do is waiting for further information within the triangle ! Look how important is to identify the S/ R levels using the swing's O/C !
Attached Image (click to enlarge)
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  • #1,268
  • May 29, 2013 3:20pm May 29, 2013 3:20pm
EURGBP
The P reached the middle level of the RM, a level what we could use it as S after the P would close above it in order to reach the RM's R !..in this case we have to be carefully because it would be a trade with tight space for MM !
A close bellow the RM with its confirmation as R it would be a reversal confirmation , meanwhile a close above it with its confirmation as S, it would be a continuation confirmation !
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  • #1,269
  • May 30, 2013 12:31am May 30, 2013 12:31am
Thank you fxgroup, we will have to wait with EURGBP a bit more until a decision is made.

All the AUD pairs look a bit similar after this big drop to the bottom of a RM, we will see if a rebound off S is successful or not, I will however NOT buy from S yet, it is too risky for me.

Another exampe here, AUDCAD Monthly :

Michael
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Be like water.
  • #1,270
  • May 31, 2013 4:16am May 31, 2013 4:16am
GBPNZD pending order is opened.
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  • #1,271
  • May 31, 2013 4:23am May 31, 2013 4:23am
And another trades on CHF, the USDCHF come back from R at M level. Last week was a pinbar, and the entry was the outside bar on 05.29. NZDCHF the same Method, already closed.
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  • #1,272
  • May 31, 2013 5:25am May 31, 2013 5:25am
Be carefully with USDCHF..after the buyers closed above the RM the sellers put a bearish PB in order to retest the old RM !
NZDCHF back in the old RM.....the AUDCHF is what I like most for its H&S pattern !
GBPNZD-nice one, but watch the confluence between the dynamic TLs+ BRN and the old RM what the P is turned back into.....I buy it to but from another perspective !
Attached Image (click to enlarge)
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  • #1,273
  • May 31, 2013 12:39pm May 31, 2013 12:39pm
Quoting fxgroup
Be carefully with USDCHF..after the buyers closed above the RM the sellers put a bearish PB in order to retest the old RM ! NZDCHF back in the old RM.....the AUDCHF is what I like most for its H&S pattern ! GBPNZD-nice one, but watch the confluence between the dynamic TLs+ BRN and the old RM what the P is turned back into.....I buy it to but from another perspective ! {image}

Can you tell us more about your perspective, why did you enter?
  • #1,274
  • Jun 3, 2013 8:52am Jun 3, 2013 8:52am
Quoting Beertje
{quote} Can you tell us more about your perspective, why did you enter?
Here is a video where I explain the reasons why I bought it !

Inserted Video
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  • #1,275
  • Jun 4, 2013 2:08am Jun 4, 2013 2:08am
INFN
The fact that the P get back above the level and none of the candles close bellow the level gives us a bullish information.
On D chart the P is doing a bullish flag, so all we have to do is waiting a RET to the identified level and its confirmation as S level !
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Nothing personal,just business
  • #1,276
  • Jun 4, 2013 1:59pm Jun 4, 2013 1:59pm
Many thanks the video! Your entry was better like my. My next trade was on the GBPUSD. I entered after the market open. M is in right direction, and the last 2 week candles are pinbars, at RN!
Attached Image (click to enlarge)
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  • #1,277
  • Jun 4, 2013 8:54pm Jun 4, 2013 8:54pm
thx for this,fxgroup.im feel so lucky to found your trade method. im new,and still learn it. right now.i m waiting for confim either bounce to buy,or break support to sell.
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  • #1,278
  • Jun 5, 2013 2:31am Jun 5, 2013 2:31am
Quote
My next trade was on the GBPUSD. I entered after the market open. M is in right direction, and the last 2 week candles are pinbars, at RN!
You shoul be carefully with GBPUSD right now...inside the market are now bouth buyers and sellers and this fact will put you in some MM problems !
Nothing personal,just business
  • #1,279
  • Jun 6, 2013 9:28am Jun 6, 2013 9:28am
USDNOK

The P is in triangle doing a RM right bellow the bearish TL what acts as R !
A close above the RM will be a very strong bullish information, meanwhile a close bellow it will identify the bullish TL of the triangle as the main TG !
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-06-06_15-50 USDNOK.png Size: 49 KB
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  • #1,280
  • Jun 8, 2013 2:23pm Jun 8, 2013 2:23pm
Next week: GOLD, AUDNZD
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