Another thing I notice in W chart is the dynamic TL ...
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- #1,323
- Jul 3, 2013 7:30am Jul 3, 2013 7:30am
- | Commercial User | Joined Nov 2010 | 1,178 Posts
Nothing personal,just business
Hi guys, that's my first post here. I'm looking for a method that suits me and I absolutely think that this is the right one for me. I'm going to exercise as much as possible, trying to find the consistency I've always lacked.
Here's my first analysys, please take a look and insult me
GPUSD
M: RM (Seems clear), IMHO with a bearish sentiment right now, as I can notice from the strong 2008 down-move and strong bearish candles in last period.
Anyway it seems there's a hot battle last months, so it's a bit dangerous.
W: RM Here despite the down moves of previous weeks, there's a short term bullish trend, which could anyway be a RET for reaching then the bottom of the RM. As I drawn, if price goes past the 1st resistance I could look a for a Daily entry on PA, considering anyway that's little space and lot of past traffic in that zone. If it brakes the dynamic support I could trade a retest of it or even of the static resistance I marked. TG would be the last support I've drawn and then 2nd TG the bottom of the RM.
D: There's a DBLHC today, that proves the strongness of bulls, waiting for approach to RM Median line.
Question: Buying on this DBLHC would be CT?
Here's my first analysys, please take a look and insult me
GPUSD
M: RM (Seems clear), IMHO with a bearish sentiment right now, as I can notice from the strong 2008 down-move and strong bearish candles in last period.
Anyway it seems there's a hot battle last months, so it's a bit dangerous.
W: RM Here despite the down moves of previous weeks, there's a short term bullish trend, which could anyway be a RET for reaching then the bottom of the RM. As I drawn, if price goes past the 1st resistance I could look a for a Daily entry on PA, considering anyway that's little space and lot of past traffic in that zone. If it brakes the dynamic support I could trade a retest of it or even of the static resistance I marked. TG would be the last support I've drawn and then 2nd TG the bottom of the RM.
D: There's a DBLHC today, that proves the strongness of bulls, waiting for approach to RM Median line.
Question: Buying on this DBLHC would be CT?
Hi guys, that's my first post here. I'm looking for a method that suits me and I absolutely think that this is the right one for me. I'm going to exercise as much as possible, trying to find the consistency I've always lacked. Here's my first analysys, please take a look and insult me
Hi GiuFab,
When I look at your analyses it looks like you have experience from other thread "PREZZO" as Mitomane86 ;-) and other members .
Very nice indeed
.You have spoted very nice RM@ M tf. From perspective of HL,HH etc. W,D swings looks up as we have HL, but for me situation is too choppy and better to stay away.
I would wait till W close to see any BU PA at support level to think about L.
OK, thanks for you help! I have to say I should dedicate a little bit more on swings and trends recognition, it's a basic requirements I can't ignore
I agree with you as for the choppyness of price, just looking at M's last 4 bars we can see a lot of fight around that level.
You got it right, I also follow "PREZZO" by fxgroup, but I'm a newbie!!
I agree with you as for the choppyness of price, just looking at M's last 4 bars we can see a lot of fight around that level.
You got it right, I also follow "PREZZO" by fxgroup, but I'm a newbie!!
- #1,328
- Jul 4, 2013 7:20am Jul 4, 2013 7:20am
- | Commercial User | Joined Nov 2010 | 1,178 Posts
OK, thanks for you help! I have to say I should dedicate a little bit more on swings and trends recognition, it's a basic requirements I can't ignore
Regarding GBPUSD we are waiting for more information about the dynamic RM even if the M told us something about the sellers intention !
Nothing personal,just business
GBPNZD - update
A lot can happen in a short time.
I've attached a couple demand zones as they seem to stick out. The first one appears to coincide with W Support. Curious to know what your take on Supply/Demand approach is? Some say its the same as S/R others beg to differ. S/R seems more to be about key levels. Whereas S/D about lilquidity gaps where when P returns likes to bounce. I would say they are very similar as they are basically areas where there is a lot of money still on the table.
A lot can happen in a short time.
I've attached a couple demand zones as they seem to stick out. The first one appears to coincide with W Support. Curious to know what your take on Supply/Demand approach is? Some say its the same as S/R others beg to differ. S/R seems more to be about key levels. Whereas S/D about lilquidity gaps where when P returns likes to bounce. I would say they are very similar as they are basically areas where there is a lot of money still on the table.
- #1,332
- Jul 5, 2013 3:17am Jul 5, 2013 3:17am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Hello livindaylite,
thanks for the great charts. Referring to your entry question, I would wait with a buy.
a) NFP Friday is a maximum risk day, we only want to take the lowest risk trades possible, after checking M + W
b) P is getting near this almost 2-Day PB, which in BTC terms means : sellers clearly overcame buyers in this zone.
c) the picture is mixed, I would wait until a clearer BREAK of higher highs and higher lows ( HH + HL ) has been established.
Thank you all for the great info & be careful today.
Mike
thanks for the great charts. Referring to your entry question, I would wait with a buy.
a) NFP Friday is a maximum risk day, we only want to take the lowest risk trades possible, after checking M + W
b) P is getting near this almost 2-Day PB, which in BTC terms means : sellers clearly overcame buyers in this zone.
c) the picture is mixed, I would wait until a clearer BREAK of higher highs and higher lows ( HH + HL ) has been established.
Thank you all for the great info & be careful today.
Mike
Be like water.
- #1,334
- Jul 5, 2013 10:06am Jul 5, 2013 10:06am
- | Commercial User | Joined Nov 2010 | 1,178 Posts
Nothing personal,just business
- #1,337
- Jul 8, 2013 3:52pm Jul 8, 2013 3:52pm
- | Commercial User | Joined Nov 2010 | 1,178 Posts
Nothing personal,just business
Hi sodiska, I also checked AUDUSD and I'll try give you my view on that. Here's my W:
In my opinion such reaction is caused by the reaching of 1st TG after the exit from the RM. Possibly the TP of some sellers ( or part of their positions)?
I thought that the down move could continue until the projection of the RM, which is an interesting level too. That's my humile opinion, I could ( and it's probable) be wrong, also considering I'm new to all this. Have a nice day!
EDIT:I've just seen fxgroup answer, anyway I'll keep this to know what's wrong and what's right (if there's something!)
In my opinion such reaction is caused by the reaching of 1st TG after the exit from the RM. Possibly the TP of some sellers ( or part of their positions)?
I thought that the down move could continue until the projection of the RM, which is an interesting level too. That's my humile opinion, I could ( and it's probable) be wrong, also considering I'm new to all this. Have a nice day!
EDIT:I've just seen fxgroup answer, anyway I'll keep this to know what's wrong and what's right (if there's something!)