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Beyond the Candles

  • #1,721
  • Mar 5, 2014 8:14am Mar 5, 2014 8:14am
[B = fxgroup; 7320885] {quote} W PB đang cố gắng để đẩy P cao hơn để 103,36 nhưng không phải là quá dễ dàng do sự P betwen 2 mức độ quan trọng: năng động R + tĩnh S: {ảnh} [/ b]
tks . i like this strategy
ZenTrader , TuanNguyenTrader, WolfForex
  • #1,722
  • Mar 5, 2014 8:55am Mar 5, 2014 8:55am
Quoting fxgroup
Very important level, the most safety entry with the main trend is to wait the sellers confirmation of our level. {image}
Hello fx group,I took time to go thru the thread from beginning to end and even printed out ur posts and some other important ones. However, i have some few questions to ask but let me start with this one:In the chart attached to your post quoted above, a monthly chart, what do you do when1. a candle closes above a RM R on Monthly chart? Do u still wait for confirmation on Wkly chart or you move straight down to Daily chart and wait for a Ret and a confirmation?2. a candle reaches to the RM R or even penetrated it but closes below it.Pls do not feel bad about these questions you may have talked about them before but maybe i over sighted them or maybe they where not clear enough to me.Thank u for sharing Bro
  • #1,723
  • Mar 5, 2014 2:05pm Mar 5, 2014 2:05pm
Plan the trade: USDCAD

You can see, the price is abow two important level on the monthly. The trend is clear uptrend. On the weekly the price is in range market, and hesitate. It is a small range, it isn't easy to find entry in the range. I wait until the price break the upper level, and then I will wait for retest. When the price break down, I will wait until the price go down to the lower level. Now the monthly suggest me strong uptrend, when it will go down, i won't trade against the trend. (no sell trade at the retest of the level). But the plan can change after month and weeks....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcadmonthly.png Size: 73 KB
Click to Enlarge Name: usdcadweekly.png Size: 78 KB
  • #1,724
  • Mar 5, 2014 3:11pm Mar 5, 2014 3:11pm
Quoting fxdonchris
{quote} Hello fx group,I took time to go thru the thread from beginning to end and even printed out ur posts and some other important ones. However, i have some few questions to ask but let me start with this one:In the chart attached to your post quoted above, a monthly chart, what do you do when1. a candle closes above a RM R on Monthly chart? Do u still wait for confirmation on Wkly chart or you move straight down to Daily chart and wait for a Ret and a confirmation?2. a candle reaches to the RM R or even penetrated it but closes below it.Pls...
Hi chris,
1-depends on few factors as momentum, with the main trend or CT,the way the candle closes above the RM's R,etc....if all these factors are acording with my selection criteria, often a D confirmation only is enough for me !
2-if the buyers can not close above the R means the sellers are in R's control..if the overall trend is bullish the information becomes a MM one..if the main trend is bearish the information becomes an opportunity to start building a trading plan !

Don't worry about the questions..are always welcome and represent an opportunity for you and others to achive new knowledge !
Nothing personal,just business
  • #1,725
  • Mar 5, 2014 7:53pm Mar 5, 2014 7:53pm
Quoting fxgroup
{quote} Hi chris, 1-depends on few factors as momentum, with the main trend or CT,the way the candle closes above the RM's R,etc....if all these factors are acording with my selection criteria, often a D confirmation only is enough for me ! 2-if the buyers can not close above the R means the sellers are in R's control..if the overall trend is bullish the information becomes a MM one..if the main trend is bearish the information becomes an opportunity to start building a trading plan ! Don't worry about the questions..are always welcome and represent...
fxgroup, i thank you for the prompt and clear response. it is understood. Thank you
  • #1,726
  • Mar 5, 2014 8:00pm Mar 5, 2014 8:00pm
Quoting fxgroup
{quote} Hi chris, 1-depends on few factors as momentum, with the main trend or CT,the way the candle closes above the RM's R,etc....if all these factors are acording with my selection criteria, often a D confirmation only is enough for me ! 2-if the buyers can not close above the R means the sellers are in R's control..if the overall trend is bullish the information becomes a MM one..if the main trend is bearish the information becomes an opportunity to start building a trading plan ! Don't worry about the questions..are always welcome and represent...
Hey fxgroup, Now it is M R, the M candle has not closed above it but the W candle has. Is that enough confirmation for you or you still have to wait for M close above the said R before waiting for Ret and cPA pattern on Daily chart? Thanks ones again.
  • #1,727
  • Mar 6, 2014 1:27am Mar 6, 2014 1:27am
Quoting Beertje
Plan the trade: USDCAD You can see, the price is abow two important level on the monthly. The trend is clear uptrend. On the weekly the price is in range market, and hesitate. It is a small range, it isn't easy to find entry in the range. I wait until the price break the upper level, and then I will wait for retest. When the price break down, I will wait until the price go down to the lower level. Now the monthly suggest me strong uptrend, when it will go down, i won't trade against the trend. (no sell trade at the retest of the level). But the...
Hi Beertje, nice analysis, pratically the same of my. But why not that too ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadweekly.png Size: 33 KB
  • #1,728
  • Mar 6, 2014 8:55am Mar 6, 2014 8:55am
Quoting fxgroup
USDCHF....the P is at S level:
Yes but respect my plan RET+PA to the S of the RM-W and today have space for entry before this level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchfmonthly.png Size: 26 KB
Click to Enlarge Name: usdchfweekly.png Size: 33 KB
Click to Enlarge Name: usdchfdaily.png Size: 45 KB
  • #1,729
  • Mar 6, 2014 1:49pm Mar 6, 2014 1:49pm
Quoting uidro
{quote} Hi Beertje, nice analysis, pratically the same of my. But why not that too ? {image}
There can be a setup at the lover level... but i like to move my stop the break even, before the price arrive the middle of the range. There can be a strong move downward at the middle level , and i don't want to risk a trade in this case.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily 2.png Size: 69 KB
  • #1,730
  • Mar 6, 2014 1:54pm Mar 6, 2014 1:54pm
Quoting uidro
{quote} Yes but respect my plan RET+PA to the S of the RM-W and today have space for entry before this level. {image} {image} {image}
Nice trade . But i like wait until the price form W or M at the level. Often the first pin bar is the first reaction at the level, after them the market give sometimes a second try. When I see the price try to break up second time and failed, I no it was the confirmation.
  • #1,731
  • Mar 6, 2014 4:21pm Mar 6, 2014 4:21pm
LIVE TRADE

NZDCHF....the P is within the triangle range with PB D at the R level
PTT&TTP = Sell with [email protected]


Disclaimer: This is NON a signal service...it is a trade based on reading the price and only the price and every trade YOU do is YOUR responsability !
Attached Image (click to enlarge)
Click to Enlarge Name: NC.png Size: 85 KB
Nothing personal,just business
  • #1,732
  • Mar 7, 2014 3:25am Mar 7, 2014 3:25am
Quoting Beertje
{quote} There can be a setup at the lover level... but i like to move my stop the break even, before the price arrive the middle of the range. There can be a strong move downward at the middle level , and i don't want to risk a trade in this case.
Yes Beertje , i think you are right......waiting can be more profitable that do trades for impatience, that i need to learn but it's so strong to keep inside my head!!!.
  • #1,733
  • Mar 7, 2014 4:09am Mar 7, 2014 4:09am
EUR-ZAR:

-T up
-CB W + flag inside the CB
-DB with PB bullish D
- Entry with PB - TG1 R of DB with aggressive MM
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurzarweeklyff.png Size: 28 KB
Click to Enlarge Name: eurzardailyff.png Size: 32 KB
  • #1,734
  • Mar 7, 2014 2:07pm Mar 7, 2014 2:07pm
Quoting fxgroup
LIVE TRADE NZDCHF
I got involved into a similar trade on the correlated EURNZD:
The PB collected liquidity from a very important monthly level 1.62 and closed above trendline and strong daily level 1.6330.
First target BRN 1.65 in confluence whit triangle's trendline, if the P will break up we are already inside the market.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzddaily.png Size: 25 KB
  • #1,735
  • Mar 9, 2014 1:45am Mar 9, 2014 1:45am
Nice read fxgroup. i must confess that this is one of the best tread i have seen on NET, the most important thing is how you keep your method clean and perfect and i believe with more practice we will get there soon. thanks FXGROUP, DFUMAGALLI, UIDRO, MSMARPLE, BEERTJE and others. i hope to join you guys soon in posting good information on charts.
  • #1,736
  • Mar 9, 2014 5:26am Mar 9, 2014 5:26am
Quoting fxgroup
LIVE TRADE NZDCHF....the P is within the triangle range with PB D at the R level PTT&TTP = Sell with [email protected] Disclaimer: This is NON a signal service...it is a trade based on reading the price and only the price and every trade YOU do is YOUR responsability ! {image}
Hello,
on M we are in a RM very trafficked.On W the tl + brn 0.75 and a smaller rm.

Besides the dt + brn+tl, has attended that the ipb w reached the target?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdchfmonthly.png Size: 43 KB
Click to Enlarge Name: nzdchfweekly.png Size: 27 KB
  • #1,737
  • Mar 9, 2014 6:10pm Mar 9, 2014 6:10pm
Hi,
Here's my analysis of EURCAD
W: WPD= up trend and price just closed above an important M R and a W TL
PTT =wait for a ret and a PA confirmation on D to initiate a buy
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadweekly.png Size: 14 KB
  • #1,738
  • Mar 9, 2014 6:17pm Mar 9, 2014 6:17pm
When a man has fulfilled his obligation he has nothing to fear.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpymonthly.png Size: 14 KB
Click to Enlarge Name: gbpjpyweekly.png Size: 15 KB
  • #1,739
  • Mar 9, 2014 8:26pm Mar 9, 2014 8:26pm
Quoting fxdonchris
Hi, Here's my analysis of EURCAD W: WPD= up trend and price just closed above an important M R and a W TL PTT =wait for a ret and a PA confirmation on D to initiate a buy {image}
There was a large trend since month on the EURCAD. Now we are in a region where the price haven't clear S/R. What do you think, how far can the price go up?
I thin the price need to retrace . Buy on the top is risky.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadmonthly.png Size: 89 KB
  • #1,740
  • Mar 9, 2014 8:29pm Mar 9, 2014 8:29pm
Quoting fxdonchris
When a man has fulfilled his obligation he has nothing to fear. {image} {image}
yes, here can we have some opportunities.
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