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Beyond the Candles

  • #1,341
  • Jul 10, 2013 1:20pm Jul 10, 2013 1:20pm
The PB BEARISH means a sellers attivity so we like to see them on a SW high ,at the end of the bullish fase. When the PBs bearish are on SW low,their caracteristic is lack of momentum and often a deep RET.
Attached Image (click to enlarge)
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Nothing personal,just business
  • #1,342
  • Jul 11, 2013 3:52pm Jul 11, 2013 3:52pm
What I'm trying to explain in this thread is why trading the D confirmation AFTER the higher TFs information is the safiest and profitable way to trade !

EURUSD on D chart we had the P closed below the TL with its confirmation as R ( BEOB ) ....but this is what I am talking about..on W chart we DON'T HAVE a W candle closed below the TL as information in order to make a trade as D retracement of W information !
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Nothing personal,just business
  • #1,343
  • Jul 13, 2013 6:33am Jul 13, 2013 6:33am
Quoting fxgroup
What I'm trying to explain in this thread is why trading the D confirmation AFTER the higher TFs information is the safiest and profitable way to trade ! EURUSD on D chart we had the P closed below the TL with its confirmation as R ( BEOB ) ....but this is what I am talking about..on W chart we DON'T HAVE a W candle closed below the TL as information in order to make a trade as D retracement of W information ! {image}

Hi FxGroup
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  • #1,344
  • Jul 13, 2013 7:35pm Jul 13, 2013 7:35pm
Ehi Magico!
Pay attention!
Take a look to TF W! is a good promoter about P moviments!
  • #1,345
  • Jul 14, 2013 2:27am Jul 14, 2013 2:27am
Quoting mitomane86
Ehi Magico! Pay attention! Take a look to TF W! is a good promoter about P moviments!
Hello mitomane, there is a outside bar W, candle close above rm and brn 1.3, but there is also a controlling bar.

however inside bar it's difficult for me to understand and I think that will not open the trade.

PS. sorry for my bad english.
  • #1,346
  • Edited 1:37pm Jul 14, 2013 1:13pm | Edited 1:37pm
what I see...
http://imageshack.us/a/img585/963/ismk.jpg
  • #1,347
  • Jul 15, 2013 2:21am Jul 15, 2013 2:21am
Hi mitomane....the magicman pointed a very interesting thing.... the W triangle...yes you are right, we allready see some sellers in the upper tail but this is just an information of its RET !
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-15_09-20_EU.png Size: 46 KB
Nothing personal,just business
  • #1,348
  • Jul 15, 2013 4:09am Jul 15, 2013 4:09am
EURUSD - very interesting fake bear move outside of a triangle, but as fxgroup points out NO weekly close. Now I see a possibility of retrace on Daily, which visually often looks like a " gap fill ".

Thank you for the charts !

Mike

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-15 11_05_46-5015773_ [EURUSD,Daily].gif Size: 26 KB
Be like water.
  • #1,349
  • Jul 15, 2013 6:43am Jul 15, 2013 6:43am
NZDCHF

The P is in small RM as part of big RM..notice how the R od the small one acts as middle level for the big RM...!!!...if the P will close below this level,it will act as R in order to push the P lower to the blue RM's S !
Attached Image (click to enlarge)
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Nothing personal,just business
  • #1,350
  • Edited Jul 16, 2013 11:25am Jul 15, 2013 3:18pm | Edited Jul 16, 2013 11:25am
Friday at 3:30 pm eastern time live webinar when I explain with more details the methodology ....who's interested in, please send me a pm/mail for further technicals details !

Thanks.
Nothing personal,just business
  • #1,351
  • Jul 16, 2013 2:43am Jul 16, 2013 2:43am
Quoting fxgroup
Hi mitomane....the magicman pointed a very interesting thing.... the W triangle...yes you are right, we allready see some sellers in the upper tail but this is just an information of its RET ! {image}
Thank's Fx! I'm used BRN to jump in!
  • #1,352
  • Jul 16, 2013 3:37am Jul 16, 2013 3:37am
Let's see USDCHF...the P is stuck in the triangle with the BEOB at the dynamic R, the BEOB closed below a very important level 0.9522...look where the P did RET and how the sellers showed us they took the level's control !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-07-16_10-32_USDCHF.png Size: 34 KB
Click to Enlarge Name: 2013-07-16_10-33_USDCHF-D.png Size: 44 KB
Nothing personal,just business
  • #1,353
  • Jul 16, 2013 4:52am Jul 16, 2013 4:52am
Quoting fxgroup
Let's see USDCHF...the P is stuck in the triangle with the BEOB at the dynamic R, the BEOB closed below a very important level 0.9522...look where the P did RET and how the sellers showed us they took the level's control ! {image} {image}

Hi, in this case, do we wait for PA for confirmation to enter the trade ?
  • #1,354
  • Jul 16, 2013 9:42am Jul 16, 2013 9:42am
Quoting sodiska
{quote} Hi, in this case, do we wait for PA for confirmation to enter the trade ?
Hi sodiska

I as I said in my post the sellers allready have showed us they are in R level's control with yesterday PB...every other bearish RET as confirmation must be traded with careful in order to see if it gives the space for MM !
Nothing personal,just business
  • #1,355
  • Jul 17, 2013 6:52am Jul 17, 2013 6:52am
CHFJPY very simple and efficient

-WPD-The P on W is in RM with the P that initially closes below the RM. The buyers can turn the P back within RM and the 2WPB is the pattern that gives us this precious information..from now on all we have to do is waiting for buyers confirmation at the old RM's S !
On D chart we have a bullsih flag as buyers continuation and on 7.10.2013 the buyers gives us the PB bullish as D confirmation !

-WPG-107 as RM's R level

It is not difficul at all...all you have to do is throwing away all the indicators and start reading the P !
Attached Image(s) (click to enlarge)
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Nothing personal,just business
  • #1,356
  • Jul 17, 2013 11:57am Jul 17, 2013 11:57am
Hi, am looking at USDJPY, W formed 2W PB. So now waiting for D RET and PA to enter short.
Attached Image (click to enlarge)
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  • #1,357
  • Jul 18, 2013 5:36am Jul 18, 2013 5:36am
Quoting sodiska
Hi, am looking at USDJPY, W formed 2W PB. So now waiting for D RET and PA to enter short. {image}
It won't be easy....on W nevertheless the BEOB in triangle the P is still in RM with the close above the middle level...and betwee 99 and 100 we have a zone between 2 important levels and this is one of the factor for RMs formation !
Nothing personal,just business
  • #1,358
  • Jul 18, 2013 9:02am Jul 18, 2013 9:02am
Quoting fxgroup
{quote} It won't be easy....on W nevertheless the BEOB in triangle the P is still in RM with the close above the middle level...and betwee 99 and 100 we have a zone between 2 important levels and this is one of the factor for RMs formation !
Plus, the Bank of Japan is interfering, wanting the yen weak.
Thoughts are things
  • #1,359
  • Jul 19, 2013 2:21pm Jul 19, 2013 2:21pm
ID meeting: 63-428-618

P.S. Remember to keep the " m " at the beggining !
Nothing personal,just business
  • #1,360
  • Jul 20, 2013 3:37pm Jul 20, 2013 3:37pm
Quoting fxgroup
ID meeting: 63-428-618 P.S. Remember to keep the " m " at the beggining !
First of all thanks Fxgroup for your time and great explanation at webinar !

------------------------------------------------------------------------------------------------

I would like to express my outlook for USDJPY.

WPG+WPD

D - price reached RM res. and close below, but we have to be patiance as we see confluence.

Price is still in triangle so we have to wait for confirmation to close below or above triangle R, or price back to trangle bands.

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