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Beyond the Candles

  • #1,541
  • Dec 10, 2013 3:28pm Dec 10, 2013 3:28pm
Hi Red...there are 2 aspect very important:
1-tecnical-where Peppe showed a realy good reason on his chart as P's reaction at the TL
2-psicological reason--we don't have to understand everything and every market's situation...we have to adapt to market and to get in only when we understand clearly and now for sure WPD+WPG....we have to accept the market is the only one witch has the control !
Nothing personal,just business
  • #1,542
  • Dec 10, 2013 4:45pm Dec 10, 2013 4:45pm
AUDCAD

On the monthly chart you can see an Ib pattern, that means we are in range market on the lower timeframe.
We can identify the support on the weekly chart.
There were two entries , the first stopped out, but i reentered.
On the last pict. you can see the W pattern, what very important is. I hope the best!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audcaddaily 2.png Size: 73 KB
  • #1,543
  • Dec 10, 2013 4:56pm Dec 10, 2013 4:56pm
What I forgot, the second entry. The price tried break out downward, but faild.
Attached Image (click to enlarge)
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  • #1,544
  • Dec 11, 2013 7:40am Dec 11, 2013 7:40am
Quoting Beertje
What I forgot, the second entry. The price tried break out downward, but faild. {image}
As you pointed out the M candle gives us a strong bearish information so I think in such cases every long trade is a risky one !
Nothing personal,just business
  • #1,545
  • Dec 11, 2013 10:30am Dec 11, 2013 10:30am
Quoting fxgroup
Hi Red...there are 2 aspect very important: 1-tecnical-where Peppe showed a realy good reason on his chart as P's reaction at the TL 2-psicological reason--we don't have to understand everything and every market's situation...we have to adapt to market and to get in only when we understand clearly and now for sure WPD+WPG....we have to accept the market is the only one witch has the control !
Today Breakout of the TL, let's see how the price react at RN ML 1.45!
PTT: Wait for a weekly close below then ret + pa on daily!

NZDCHF EURNZD are on their way!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Chart_EUR_NZD_Daily_snapshot.png Size: 35 KB
  • #1,546
  • Dec 11, 2013 11:38am Dec 11, 2013 11:38am
Quoting Beertje
What I forgot, the second entry. The price tried break out downward, but faild. {image}
hello,
the price have a bearish direction , driven by monthly .

is only slowed down by the neckline of the H & S bearish and the BRN 0.95

We have a bearish M and H & S d surely it means that the market has a bearish sentiment!

Buying is a little 'how to commit suicide
Attached Image (click to enlarge)
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  • #1,547
  • Edited 12:23pm Dec 11, 2013 11:45am | Edited 12:23pm
For Beertje
The W pattern must be at the end of a bearish trend.

On the cross there isn't a w Pattern but there is H&S!
Attached Image (click to enlarge)
Click to Enlarge Name: audcadweekly.png Size: 47 KB
  • #1,548
  • Dec 11, 2013 4:16pm Dec 11, 2013 4:16pm
Quoting fxgroup
{quote} As you pointed out the M candle gives us a strong bearish information so I think in such cases every long trade is a risky one !

you have right master!
  • #1,549
  • Dec 11, 2013 4:57pm Dec 11, 2013 4:57pm
Example of dynamic S/R
M-Downtrend
Wkly- Sellers break through TL
D- Buyers RET to TL. Wait for valid PA
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cadchfweekly.png Size: 38 KB
Click to Enlarge Name: cadchfdaily.png Size: 36 KB
  • #1,550
  • Dec 12, 2013 4:22am Dec 12, 2013 4:22am
Hi Self

Nice TLs you got there !!!...remember...when we are looking for dynamic level / pattern , more it influnced the P in the past stronger it is.....as for dimensions: bigger the pattern is stronger the P will react at its levels !
Attached Image (click to enlarge)
Click to Enlarge Name: H&S.png Size: 46 KB
Nothing personal,just business
  • #1,551
  • Dec 12, 2013 6:39am Dec 12, 2013 6:39am
Quoting Dariusz
USDCAD_D I think we need still wait patiently as I see R level. If price close above and make RET till SR. Now, price reacted at this level. {image}

Do you remember this pair USDCAD ?

Price reacted at R level.

Attached Image
  • #1,552
  • Dec 12, 2013 9:00am Dec 12, 2013 9:00am
Quoting peppe.9999
{quote} hello, the price have a bearish direction , driven by monthly . is only slowed down by the neckline of the H & S bearish and the BRN 0.95 We have a bearish M and H & S d surely it means that the market has a bearish sentiment! Buying is a little 'how to commit suicide {image}
HERE IS THE explosion of the bearish sentiment!
Attached Image (click to enlarge)
Click to Enlarge Name: audcaddaily.png Size: 31 KB
  • #1,553
  • Dec 12, 2013 9:53am Dec 12, 2013 9:53am
Look where today candle made its RET after the yesterday candle closed below your yellow RM !....no surprise !...we know WPG !
Nothing personal,just business
  • #1,554
  • Dec 12, 2013 12:35pm Dec 12, 2013 12:35pm
Quoting fxgroup
Look where today candle made its RET after the yesterday candle closed below your yellow RM !....no surprise !...we know WPG !
  • #1,555
  • Dec 16, 2013 6:10am Dec 16, 2013 6:10am
Quoting peppe.9999
Hello everyone, I'm a student of price action I want to excuse my language but I hope to be clear. For sodiska: Usd / jpy is located in a zone of resistance highlighted with the presence of both buyers that sellers. PB bearish+ PB bullish. Ii max and min of the candles PA will form a RM with median level that marked the resistance for convenience 'could be the BRN 100.00 Is only hypothesis {image}
do you remember this?
Attached Image (click to enlarge)
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  • #1,556
  • Dec 16, 2013 10:00am Dec 16, 2013 10:00am
Yup, watching lower TF for opportunity.



Quoting peppe.9999
{quote} do you remember this? {image}
  • #1,557
  • Dec 16, 2013 11:38am Dec 16, 2013 11:38am
Quoting sodiska
Yup, watching lower TF for opportunity. {quote}

for now i see a bullish trend!
there are a few information !
  • #1,558
  • Dec 17, 2013 3:20am Dec 17, 2013 3:20am
Here is a new way to identify why and where the buyers are stronger that sellers at a certain level or vice versa.

A level where buyers failled is a clear clue about the sellers are in level's control !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 53 KB
Nothing personal,just business
  • #1,559
  • Dec 17, 2013 2:09pm Dec 17, 2013 2:09pm
Quoting fxgroup
Here is a new way to identify why and where the buyers are stronger that sellers at a certain level or vice versa. A level where buyers failled is a clear clue about the sellers are in level's control ! {image}

Do you mean that when the buyers failed, in 2007, the sellers were in level's control, or that now, in 2013, is more likely that sellers are in level's control due to the previous pa?

In case of price will give us bearish/reversal informations, here is the plan for action!
Attached Image (click to enlarge)
Click to Enlarge Name: CAD_Spot.png Size: 38 KB
  • #1,560
  • Dec 17, 2013 2:14pm Dec 17, 2013 2:14pm
Monthly- Downtrend in descending triangle
Weekly- Sellers in control of RM
Daily- Sellers confirm with Beob
This is great system I am thankful for. Price reacted at purple line, this is when I practiced MM. The purple line is middle RM of daily. However , my plan was to take profit at target. Price did what is was suppose to. I didn't TTP. Got out too early..?
Is MM usually practiced using higher TF info?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpchfweekly.png Size: 45 KB
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