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Beyond the Candles

  • #1,641
  • Feb 16, 2014 4:46pm Feb 16, 2014 4:46pm
Hi fxgroup


Please, can you explain your exit strategy?
What are your results, and your R/R ratio?
  • #1,642
  • Feb 17, 2014 2:30am Feb 17, 2014 2:30am
My exit strategy is very simple and is based on price.....after partial close and putting the trade on safe all I do is reading the P and its structure and I always keep an eye on higher TF...but when the P reaches an important S/ R level it will react anyway and based on its structure I adapt my MM !
Nothing personal,just business
  • #1,643
  • Feb 17, 2014 2:40am Feb 17, 2014 2:40am
I like your approach, i.e. monthly , weekly and daily charts, one thing I would like to ask ; when drawing S&R lines do you use Fractals and/or line charts or both? would like your advice on this ,because I think is extremely important.
Thxs
  • #1,644
  • Feb 17, 2014 4:21am Feb 17, 2014 4:21am
Quoting macrino
I like your approach, i.e. monthly , weekly and daily charts, one thing I would like to ask ; when drawing S&R lines do you use Fractals and/or line charts or both? would like your advice on this ,because I think is extremely important. Thxs
Hi macrino and welcome !
I don't use Fractals or any other tool..only open / close of the most important M / W swings and wich are according to NCA + NCB concept !

Here is a sample aof the how I identify the S/ R levels and what I'm looking for ( interested in ) :
Attached Image (click to enlarge)
Click to Enlarge Name: NZDSGD.png Size: 65 KB
Nothing personal,just business
  • #1,645
  • Feb 17, 2014 6:37am Feb 17, 2014 6:37am
Live webinar-video 2.

Inserted Video
Nothing personal,just business
  • #1,646
  • Feb 17, 2014 8:59am Feb 17, 2014 8:59am
Quoting fxgroup
Live webinar-video 2. https://www.youtube.com/watch?v=sSg3MOxuj94
  • #1,647
  • Feb 17, 2014 11:36am Feb 17, 2014 11:36am
Quoting fxgroup
Live webinar-video 2. https://www.youtube.com/watch?v=sSg3MOxuj94
Ho visto alcuni tuoi videos su you tube ,complimenti! , é possibile partecipare ai tuoi webinars in diretta?
Ciao
  • #1,648
  • Feb 18, 2014 2:05am Feb 18, 2014 2:05am
Thanks macrino...everytime you want...I will let you know for the next webinar !
Nothing personal,just business
  • #1,649
  • Feb 18, 2014 3:11am Feb 18, 2014 3:11am
Quoting fxgroup
Thanks macrino...everytime you want...I will let you know for the next webinar !
Many thanks
  • #1,650
  • Feb 18, 2014 4:16am Feb 18, 2014 4:16am
Live webinar-video 3.

Inserted Video
Nothing personal,just business
  • #1,651
  • Feb 18, 2014 4:25am Feb 18, 2014 4:25am
AUDJPY Monthly

Here is a short update on AUDJPY - I focus so much on this pair as it reflects very well ( globally ) the risk-on or risk-off mode that is currently traded.

Good trading to all & once again many thanks to fxgroup and the organizers for the webinar !

M.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-18_10-42_audjpy_M.png Size: 40 KB
Be like water.
  • #1,652
  • Feb 18, 2014 6:52am Feb 18, 2014 6:52am
Hello FxGroup. I want to say thank you for your great Threads. It make me a better trader time to time. All tthe best.
  • #1,653
  • Feb 18, 2014 6:54am Feb 18, 2014 6:54am
Hi M...as long as the priche will remain within the triangle it will be nearly hard to trade it...but not imposible. The close above or below the triangle will give us the future long term direction !
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.png Size: 74 KB
Nothing personal,just business
  • #1,654
  • Feb 18, 2014 7:47am Feb 18, 2014 7:47am
NZDCHF...we know where the P is going ( WPG ) !!!
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.png Size: 63 KB
Nothing personal,just business
  • #1,655
  • Feb 18, 2014 3:17pm Feb 18, 2014 3:17pm
Next trade is the EURNZD


Whatch the candles at the arrows, and what are the price doing at the blue line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzdmonthly.png Size: 67 KB
Click to Enlarge Name: eurnzdweekly.png Size: 70 KB
Click to Enlarge Name: eurnzddaily.png Size: 92 KB
Click to Enlarge Name: eurnzddaily2.png Size: 77 KB
  • #1,656
  • Feb 18, 2014 4:01pm Feb 18, 2014 4:01pm
Nice trade...really proud of you !!!

Notice how your S level is the RM's support with the P within the triangle and the buyers give the confirmation with the 2DPB ( 2 days pin bar ) !
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 87 KB
Nothing personal,just business
  • #1,657
  • Feb 18, 2014 4:31pm Feb 18, 2014 4:31pm
LIVE TRADE

AUDPLN= Sell with two options:
1-touch trade @2.7230 [email protected] TP@ 2.66...aggressive entry and aware by the fact that the order could not be trigger
2- Sell limit @ 2.7120 [email protected] [email protected] way,lower risk.


Disclaymer: This in NOT a signal servise.....it is just a demostration of how the methodology works based on reading the price and ONLY the price !
Nothing personal,just business
  • #1,658
  • Feb 18, 2014 6:21pm Feb 18, 2014 6:21pm
Quoting fxgroup
Nice trade...really proud of you !!! Notice how your S level is the RM's support with the P within the triangle and the buyers give the confirmation with the 2DPB ( 2 days pin bar ) ! {image}
Thx! and let us learn more!
  • #1,659
  • Feb 18, 2014 6:28pm Feb 18, 2014 6:28pm
witch broker do you use? I dont have AUDPLN
  • #1,660
  • Feb 19, 2014 11:29am Feb 19, 2014 11:29am
Quoting Beertje
witch broker do you use? I dont have AUDPLN
This is not the point...the right interpretation of a chart is the only thing that matters !!!

RENT....after the M candle's information about the P that closes above the R level, all we have to do is waiting for the P at the level that will become S...with very clear TG !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENT-M.png Size: 42 KB
Click to Enlarge Name: RENT-D.png Size: 38 KB
Nothing personal,just business
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