Beyond the Candles | Page 72 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Calculating only buy candles vs sell candles 2 replies

Platform which enables the rewinding of candles 3 replies

Missing candles? 1 reply

I need more candles! 4 replies

Attachments: Beyond the Candles
Exit Attachments

Beyond the Candles

  • #1,421
  • Sep 5, 2013 5:55pm Sep 5, 2013 5:55pm
Gold

1416.18 is a Monthly resistance line. Monthly close below, Weekly pinbar, and M formation at the line on the daily chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: goldweekly.png Size: 74 KB
Click to Enlarge Name: golddaily.png Size: 70 KB
  • #1,422
  • Sep 6, 2013 1:48am Sep 6, 2013 1:48am
Quoting Beertje
Gold 1416.18 is a Monthly resistance line. Monthly close below, Weekly pinbar, and M formation at the line on the daily chart. {image} {image}

I have similar view on gold with some more MM levels.

Very nice trade . Now if enter I would wait for retracment till R to confirm resistance.

Attached Image
  • #1,423
  • Sep 6, 2013 3:53pm Sep 6, 2013 3:53pm
Quoting Dariusz
{quote} I have similar view on gold with some more MM levels. Very nice trade . Now if enter I would wait for retracment till R to confirm resistance. {image}
Thanks
  • #1,424
  • Sep 10, 2013 4:14pm Sep 10, 2013 4:14pm
The gold seems to be ok.

I opened a short position on the cadchf, the monthly level is 0.90170, the weekly closed below that, but is a little bit bullish. The entry point was the engulfing pattern with a spike before. it is a very strong level, but i opened a little bit early , without confirmation...
Attached Image (click to enlarge)
Click to Enlarge Name: cadchfdaily.png Size: 38 KB
  • #1,425
  • Sep 10, 2013 5:08pm Sep 10, 2013 5:08pm
Quoting Beertje
The gold seems to be ok. I opened a short position on the cadchf, the monthly level is 0.90170, the weekly closed below that, but is a little bit bullish. The entry point was the engulfing pattern with a spike before. it is a very strong level, but i opened a little bit early , without confirmation... {image}

If You look at W1 price backed to RM with range up to almost 93 as a strong R level.

As I marked in the circle it was best moment to go long.

Attached Image
  • #1,426
  • Sep 10, 2013 5:37pm Sep 10, 2013 5:37pm
Quoting Dariusz
{quote} If You look at W1 price backed to RM with range up to almost 93 as a strong R level. As I marked in the circle it was best moment to go long. {image}
you're right! An thanks the reply. I alredy know it was a mistake.... But everybody post the winning trades, I thought I post some from my loosing trades. Everyone can learn something from it. Strong resistance, but bullish weekly momentum, without daily confirmation. The only thing what i can to do
  • #1,427
  • Sep 11, 2013 12:22pm Sep 11, 2013 12:22pm
Quoting Beertje
{quote} you're right! An thanks the reply. I alredy know it was a mistake.... But everybody post the winning trades, I thought I post some from my loosing trades. Everyone can learn something from it. Strong resistance, but bullish weekly momentum, without daily confirmation. The only thing what i can to do
I guess there is a possibility that price make an RET on this pair till 0.8966 and there is a chance for MM.
Thanks for your post and keep learing as all of us.
  • #1,428
  • Sep 13, 2013 4:16pm Sep 13, 2013 4:16pm
Keep your eyes on the AUDCAD.
Attached Image (click to enlarge)
Click to Enlarge Name: audcadweekly.png Size: 76 KB
  • #1,429
  • Sep 13, 2013 4:21pm Sep 13, 2013 4:21pm
Same situation on NZDJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpyweekly.png Size: 71 KB
  • #1,430
  • Sep 15, 2013 8:48am Sep 15, 2013 8:48am
Quoting Beertje
Keep your eyes on the AUDCAD. {image}
I though few days ago that price must make RET till 0.9506

Important level on this pair 0.9506 or nearby. As always we have to wait if price make RET and we see new R or buyers took over as higher TF showing.
  • #1,431
  • Sep 16, 2013 1:50am Sep 16, 2013 1:50am
Quoting Beertje
Same situation on NZDJPY. {image}
On my radar too...a RET on 80 BRN it would be a nice buyers confirmation !

USDPLN also on my radar !
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-16_08-39_USDPLN.png Size: 37 KB
Nothing personal,just business
  • #1,432
  • Sep 17, 2013 1:50pm Sep 17, 2013 1:50pm
Some thoughts about the future !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 44 KB
Click to Enlarge Name: GBPUSD.png Size: 43 KB
Click to Enlarge Name: USDCHF.png Size: 43 KB
Nothing personal,just business
  • #1,433
  • Sep 18, 2013 4:32am Sep 18, 2013 4:32am
SILVER_D

WPG+WPD

sellers want to test bottom of RM at 19.84 and then decide.

Attached Image
  • #1,434
  • Sep 18, 2013 4:45am Sep 18, 2013 4:45am
USDCHF_D

USD at R.

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-18_11-44_USDCHF_D.png Size: 15 KB
  • #1,435
  • Sep 18, 2013 5:17pm Sep 18, 2013 5:17pm
EURCAD

Monthly level is 1,37. Last month close abow this level, price return to this line, but the last two weeks didn't close below. Many spikes on the daily chart at the level. I opened the position after market open.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcadmonthly.png Size: 70 KB
Click to Enlarge Name: eurcaddaily.png Size: 68 KB
  • #1,436
  • Sep 18, 2013 5:31pm Sep 18, 2013 5:31pm
And the CADCHF. It goes in the right direction. Why I sad the entry was a fail: it was the first touch, the right entry where at the arrow as a second touch, pinbar or engulfing pattern. I closed in breakeven, and didn't reenter.
Attached Image (click to enlarge)
Click to Enlarge Name: cadchfdaily 2.png Size: 94 KB
  • #1,437
  • Sep 19, 2013 2:05am Sep 19, 2013 2:05am
There is no magican with 100 % right, we need to stick to our main rule PTT & TTP as Ian frequently repeat.
  • #1,438
  • Sep 19, 2013 8:02am Sep 19, 2013 8:02am
Quoting fxgroup
{quote} On my radar too...a RET on 80 BRN it would be a nice buyers confirmation ! USDPLN also on my radar ! {image}
Do you remember this post...if you read it had you the curiousity to look at it...today....I am sure that you will understand why !

CADCHF-is still doing LL+LH
EURCAD-1.4050 is a very important level and the P hasn't reached yet its 1.43 as the main TG !
Nothing personal,just business
  • #1,439
  • Sep 25, 2013 2:14am Sep 25, 2013 2:14am
This is the simplicity I try to explain in this thread...waiting for the higher TFs information folowed by the D confirmation !

MGI-very important level..waiting for the M to close above it, all we have to is trading those opportunities that P gives us as buyers confirmation at the level !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-09-25_09-07_MGI-M.png Size: 41 KB
Click to Enlarge Name: 2013-09-25_09-10_MGI-D.png Size: 40 KB
Nothing personal,just business
  • #1,440
  • Sep 26, 2013 10:22am Sep 26, 2013 10:22am
2 charts that contains many elements of my methodology:

M chart shows the reason why many RMs are formed

D chart has selection criteria elements that make the difference when it comes about beeing selective !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-09-26_16-55_CADJPY.png Size: 41 KB
Click to Enlarge Name: 2013-09-26_17-13_PB.png Size: 52 KB
Nothing personal,just business
0 traders viewing now