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Beyond the Candles

  • #1,701
  • Feb 28, 2014 4:49am Feb 28, 2014 4:49am
AUDCAD failed to close above the R on Monthly chart.
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  • #1,702
  • Feb 28, 2014 5:03am Feb 28, 2014 5:03am
Quoting fxdonchris
I then moved to Daily chart and initiated a trade {image}

Keep your eyes on BRN too. This entry was risky for me.
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  • #1,703
  • Feb 28, 2014 5:06am Feb 28, 2014 5:06am
Quoting fxdonchris
AUDCAD failed to close above the R on Monthly chart. {image}
Can't say that right now, cause the candle is not closed, we have to wait market close today. It will probably happen but if not happen can change our plan
  • #1,704
  • Feb 28, 2014 8:31am Feb 28, 2014 8:31am
Quoting fxdonchris
Hi, My analysis of the weekly chart of AUDCHF. WPD = RM {image}
Hi Chris....your reading chart is fine and most of all is...profitable ...did you see how simple is waiting for those market concepts you know to read and manage it ???
I would like to ask you why did you put the TP at that level ?...remember...the levels that act as S / R levels within RM become MM levels, where we take MM decision ( partial profits, add positions , etc ) but the final TG is the RM's S/ R level !

The level and TG must always be according with the TF wich you analyse it !
Nothing personal,just business
  • #1,705
  • Mar 2, 2014 1:29pm Mar 2, 2014 1:29pm
Quoting fxgroup
{quote} Hi Chris....your reading chart is fine and most of all is...profitable ...did you see how simple is waiting for those market concepts you know to read and manage it ??? I would like to ask you why did you put the TP at that level ?...remember...the levels that act as S / R levels within RM become MM levels, where we take MM decision ( partial profits, add positions , etc ) but the final TG is the...
Fxgroup I thank you for your respond. However, i want to say i very much understand to a reasonable extent, the S/R within RM as serving as MM decision making tools as taught by you. What i did was nothing but trying to get the practical experience of how to enter the market using the BEYOND THE CANDLE method. Anyway, i promise to, henceforth, post charts showing how they should actually appear. For doing so will help me get corrected by you on areas where i need to improve.Thanks ones again.
  • #1,706
  • Mar 2, 2014 4:59pm Mar 2, 2014 4:59pm
M- BEEB; Bears push price back into Dynamic RM.

D- Await RET & Bears confirmation

By the way great video and charts.

Thanks
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  • #1,707
  • Mar 3, 2014 12:15am Mar 3, 2014 12:15am
Hi self....be carefful with the TL used in such way.....a right TL is identifyied using the candle's highs and lows and non through the candle's bodies !
The TL MUST be used when we identify VERY clear patterns :

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USDCHF....the P is at S level:


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Nothing personal,just business
  • #1,708
  • Mar 3, 2014 4:46am Mar 3, 2014 4:46am
Hi there,
In my view, GBPUSD broke above R on M chart.
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  • #1,709
  • Mar 3, 2014 4:51am Mar 3, 2014 4:51am
Although price earlier broke above the said R on W 3 wks ago, the following wk the sellers pushed price back below the R line. Last wk however, the buyers regained their stand and closed above the M Resistance.
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  • #1,710
  • Mar 3, 2014 6:45pm Mar 3, 2014 6:45pm
EURNZD The candles suggest me will go up, but no entry now.
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  • #1,711
  • Mar 4, 2014 12:54am Mar 4, 2014 12:54am
Yes Beert, you're right, the space for MM is very tight and the P is very close to the triangle's apex !
Nothing personal,just business
  • #1,712
  • Mar 5, 2014 12:21am Mar 5, 2014 12:21am
Quoting fxgroup
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 !
Have you had the curiousity to follow the price and see how it reacted...very nice isn't ?!??!

Notice how the TT ( touch trade ) activated the order and the SL keep the trade in safe till the 1° MM level = 2.7 BRN , acting as LM also :
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Nothing personal,just business
  • #1,713
  • Mar 5, 2014 1:22am Mar 5, 2014 1:22am
Is anyone looking in the way of this pair?
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  • #1,714
  • Mar 5, 2014 1:24am Mar 5, 2014 1:24am
What can be said about this? Interesting, isn't it?
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  • #1,715
  • Mar 5, 2014 1:26am Mar 5, 2014 1:26am
Hi, I need ur help. How can i attach two or more charts on a single post, please.
  • #1,716
  • Mar 5, 2014 2:02am Mar 5, 2014 2:02am
Quoting fxdonchris
Hi, I need ur help. How can i attach two or more charts on a single post, please.
How you attach chart?? do same for the next chart......click "upload from computer" and if want attach anothr chart you click again .......hope to help you
  • #1,717
  • Mar 5, 2014 2:16am Mar 5, 2014 2:16am
Quoting fxdonchris
Hi, I need ur help. How can i attach two or more charts on a single post, please.
You can simply repeat the process " Upload from computer " and then " Insert " ( make sure you point your cursor to the area where the insert should be inserted.... )

M.
Be like water.
  • #1,718
  • Mar 5, 2014 2:39am Mar 5, 2014 2:39am
Quoting msmarple
{quote} You can simply repeat the process " Upload from computer " and then " Insert " ( make sure you point your cursor to the area where the insert should be inserted.... ) M.
Thank you Mike. i will sure give this a try. Thanks againChris
  • #1,719
  • Mar 5, 2014 2:44am Mar 5, 2014 2:44am
hi fxgroup

What do you think about USDJPY?
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ZenTrader , TuanNguyenTrader, WolfForex
  • #1,720
  • Mar 5, 2014 5:27am Mar 5, 2014 5:27am
Quoting traderfx93
hi fxgroup What do you think about USDJPY?
The W PB are trying to push the P higher to 103.36 but is not so easy due to the P betwen 2 important levels: dynamic R + static S:
Attached Image (click to enlarge)
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Nothing personal,just business
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