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Beyond the Candles

  • #1,621
  • Feb 8, 2014 2:44am Feb 8, 2014 2:44am
Thank you very much for the webinar !

Before I head in to the weekend here is a M, W and D chart of USDCAD.

Greetings,

M.
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Be like water.
  • #1,622
  • Feb 8, 2014 9:46am Feb 8, 2014 9:46am
Great webinar yesterday, thank you again Fxgroup.

Bye.
  • #1,623
  • Feb 8, 2014 1:19pm Feb 8, 2014 1:19pm
Quoting msmarple
Thank you very much for the webinar ! Before I head in to the weekend here is a M, W and D chart of USDCAD. Greetings, M. {image} {image} {image}

Very nice crucial levels Mike !

As M close was very strong bullish which I guess make all M RM,

So nw to see short opportunity we need to see RET till TL and then wait for any bearish signal, but it is not so easy as last M candle close strong bullish and is on bullish run .
But W we see some bearish signals, but we are in range up 1.12386 and bottom 1.10288.

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  • #1,624
  • Feb 8, 2014 1:46pm Feb 8, 2014 1:46pm
Quoting fxgroup
EURCAD......It sounds crazy...but I will still be here where it will reach 1.6973 ! {image}
M price closed above R level and we seen RET W, but should we wait for and bullish candle ?

Space is really nice

Attached Image
  • #1,625
  • Feb 10, 2014 2:26am Feb 10, 2014 2:26am
Quoting Dariusz
{quote} M price closed above R level and we seen RET W, but should we wait for and bullish candle ? Space is really nice
The P is ritestting the 1.53 !

I would like to thanks all the partecipants of the live webinar !
Nothing personal,just business
  • #1,626
  • Feb 10, 2014 5:31am Feb 10, 2014 5:31am
Quoting fxgroup
EURSGD Here is a simple reason why NON to make a trade....the P get within the old RM and put a PB as a RET in order to retest the old S: {image} {image}
Have you had the curiousity to follow the pair after this post....now let's take a look together !!!
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Nothing personal,just business
  • #1,627
  • Feb 10, 2014 8:40am Feb 10, 2014 8:40am
Hey fxgroup,
its good to be back home.
i love that post but cant figure out the currency pair.

fxdonchris
  • #1,628
  • Feb 10, 2014 10:46pm Feb 10, 2014 10:46pm
Never mind i got it
  • #1,629
  • Feb 11, 2014 2:00am Feb 11, 2014 2:00am
Quoting fxgroup
{quote} Have you had the curiousity to follow the pair after this post....now let's take a look together !!! {image}
This is the result of what I explain in this thread and how to use in a profitable way these concepts !
Profit allready locked and put the trade in safe !
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Nothing personal,just business
  • #1,630
  • Feb 11, 2014 8:17am Feb 11, 2014 8:17am
Very nice with EURSGD- did you wait for a daily candle close or enter right as the retrace was moving higher again in the direction of the RM`s MM level ?

I see with many MAJOR FX pairs ( especially GBPUSD ), that we have retracements to an initial breakout area. This is often the safest area to enter ( big boys made already the stop hunt and retrace ), but often would require a switch to 4 hour or 1 hour.

I personally wait for entry and take the movement as such, but this requires a larger stop.

But it could be an interesting question for other members.

I will post some examples where I notice this again and again.

================

In the meantime, here is a W and D chart of USDCHF. We can see how it REALLY has to move higher now if there is any chance for bullishness.

A lot of so-called strength in EUR and GBP really only came from the rangebound USD, which is ranging in the USD Index and USDCHF on low levels, without going much lower in a decisive way. We will see in the coming weeks.

M
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Be like water.
  • #1,631
  • Feb 11, 2014 3:00pm Feb 11, 2014 3:00pm
Hi fxgroup.
Is it possible to watch the recorded webinar? (if it has been recorded)

Thx
  • #1,632
  • Feb 11, 2014 3:42pm Feb 11, 2014 3:42pm
Hello!

Stay tuned Beertje. ;-)
  • #1,633
  • Feb 12, 2014 2:58pm Feb 12, 2014 2:58pm
Hi everyone!

Since November, I did not feel ready myself mentally for trading. It is important to recognize the state of mind, and also to have a good strategy!
The first trade was in this month a looser, and 2 in breakeven. This is not a good start, but if you trust in yourself and in what you do, you're ready to go. Yesterday I entered in EURGBP . Look at the arrows, where the price change direction. The Monthly and Weekly speaks for itself.
On the daily, the box shows you what the price do at the line. Watch the candle's in january at the line! The level pushed down.
The price comes back and make a nice shootig star, whitch was my entry.
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  • #1,634
  • Feb 13, 2014 3:58am Feb 13, 2014 3:58am
Quoting Beertje
Hi everyone! Since November, I did not feel ready myself mentally for trading. It is important to recognize the state of mind, and also to have a good strategy! The first trade was in this month a looser, and 2 in breakeven. This is not a good start, but if you trust in yourself and in what you do, you're ready to go. Yesterday I entered in EURGBP . Look at the arrows, where the price change direction. The Monthly and Weekly speaks for itself. On the daily, the box shows you what the price do at the line. Watch the candle's in january at the line!...
Hi

The P is doing LL+LH on W+ D charts...here is a D interpretation:
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Nothing personal,just business
  • #1,635
  • Feb 13, 2014 8:06am Feb 13, 2014 8:06am
Live webinar -video 1.

Inserted Video
Nothing personal,just business
  • #1,636
  • Feb 13, 2014 6:03pm Feb 13, 2014 6:03pm
Thx the video!!!!!!

And my new trade:GBPAUD

The M is in uptrend, W is in RM.
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  • #1,637
  • Feb 14, 2014 4:39am Feb 14, 2014 4:39am
Quoting Beertje
Thx the video!!!!!! And my new trade:GBPAUD The M is in uptrend, W is in RM. {image}
Hello for everybody, hello Fxgroup, happy to follow here too. One question. We can say RM in W if the last candle is not clouse?? Cause we don't have SW low before candle clouse. It's only a tecnical question for to be sure, the trade is good the same cause S is a strong L ( R to a RM in W 2009 ).PS: Sorry for my english ,it's a first time i try to write and i study myself!!!
  • #1,638
  • Feb 14, 2014 6:16am Feb 14, 2014 6:16am
Quoting uidro
{quote} Hello for everybody, hello Fxgroup, happy to follow here too. One question. We can say RM in W if the last candle is not clouse?? Cause we don't have SW low before candle clouse. It's only a tecnical question for to be sure, the trade is good the same cause S is a strong L ( R to a RM in W 2009 ).PS: Sorry for my english ,it's a first time i try to write and i study myself!!!
Watch the candles at the arrows. We already have a range market. Previous week candle close in this range too. We don't need to wait this week candle close. On this week the daily candles tried to go down, but failed.

Hope I helped.
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  • #1,639
  • Feb 14, 2014 6:22am Feb 14, 2014 6:22am
Yes Beertje, thank you.
  • #1,640
  • Feb 14, 2014 9:41am Feb 14, 2014 9:41am
Quoting uidro
{quote} Hello for everybody, hello Fxgroup, happy to follow here too. One question. We can say RM in W if the last candle is not clouse?? Cause we don't have SW low before candle clouse. It's only a tecnical question for to be sure, the trade is good the same cause S is a strong L ( R to a RM in W 2009 ).PS: Sorry for my english ,it's a first time i try to write and i study myself!!!
Hello uidro

We can not make the analises with the candle still in act....but the W candle that doesn't close below a cartain gives us theinformation that the buyers are still in level's control !.....A trade directly from the D chart will requires a RET after the W candle will form...evventually a DB / DT or the P start forming HL / LH !
Nothing personal,just business
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