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Beyond the Candles

  • #1,741
  • Mar 9, 2014 10:45pm Mar 9, 2014 10:45pm
Quoting Beertje
{quote} 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. {image}
Thank u Beertie,
i think u are absolutely right. However, remember that if there isn't a ret and PA confirmation on the D there certainly is no entry. But what do u mean when u said "Price haven't clear S/R. I thank you bro.
  • #1,742
  • Mar 9, 2014 10:57pm Mar 9, 2014 10:57pm
What do u think about this Beertie, It looks spicy
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  • #1,743
  • Mar 10, 2014 6:18am Mar 10, 2014 6:18am
Quoting fxdonchris
{quote} Thank u Beertie, i think u are absolutely right. However, remember that if there isn't a ret and PA confirmation on the D there certainly is no entry. But what do u mean when u said "Price haven't clear S/R. I thank you bro.
.
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  • #1,744
  • Mar 10, 2014 10:31am Mar 10, 2014 10:31am
Beertje so many levels ....and have 1.5586 too!!!
  • #1,745
  • Mar 10, 2014 10:58am Mar 10, 2014 10:58am
Quoting uidro
Beertje so many levels ....and have 1.5586 too!!!



yes, you have right. I'm curious to see what level get more importance
  • #1,746
  • Mar 10, 2014 11:13am Mar 10, 2014 11:13am
Quoting fxdonchris
What do u think about this Beertie, It looks spicy {image}
I will wait until monthly give me a clear picture.
Attached Image (click to enlarge)
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  • #1,747
  • Mar 11, 2014 2:47am Mar 11, 2014 2:47am
Here is another example of how important and strong the S / R levels are:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CADCHF-D.png Size: 62 KB
Nothing personal,just business
  • #1,748
  • Mar 11, 2014 6:52am Mar 11, 2014 6:52am
EBAY

It is very important to distinguish the 2 very important concepts: INFORMATION + CONFIRMATION !

Look at the chart below how the candle's close above the level gives us the information that the buyers are in level's controll and all we have to do is waiting for a D confirmation.
On D chart we could see the RM with our levels as S and the PB as D confirmation....the RM's R becomes the first TG meanwhile the level identifyied on M chart is the final TG !
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ebay-d.png Size: 74 KB
Nothing personal,just business
  • #1,749
  • Mar 11, 2014 11:45am Mar 11, 2014 11:45am
Quoting fxgroup
EBAY It is very important to distinguish the 2 very important concepts: INFORMATION + CONFIRMATION ! Look at the chart below how the candle's close above the level gives us the information that the buyers are in level's controll and all we have to do is waiting for a D confirmation. On D chart we could see the RM with our levels as S and the PB as D confirmation....the RM's R becomes the first TG meanwhile the level identifyied on M chart is the final TG ! {image} {image}
Your R/R is amazing...
  • #1,750
  • Mar 11, 2014 2:16pm Mar 11, 2014 2:16pm
Quoting Beertje
{quote} Your R/R is amazing...
It is just a consequence of studing the higher TFs..it gives you good rewards and a lot of space for managing your trades !
Nothing personal,just business
  • #1,751
  • Mar 11, 2014 5:13pm Mar 11, 2014 5:13pm
GBPNZD

M: is in clear range market.
W: The price is under the last important weekly level, need to wait until the candle close below it. (on the weekly picture where the entry and exit is , it isn't an entry signal! Only the level where I want to enter, and exit.)
D: Waiting for clear setup.
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  • #1,752
  • Mar 13, 2014 2:42am Mar 13, 2014 2:42am
The simplicity is what we are looking for !

NZDJPY

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NZDSGD

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Nothing personal,just business
  • #1,753
  • Mar 13, 2014 8:15am Mar 13, 2014 8:15am
PTT Sugar:
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  • #1,754
  • Mar 13, 2014 4:15pm Mar 13, 2014 4:15pm
Quoting fxgroup
The simplicity is what we are looking for ! NZDJPY {image}{image} NZDSGD {image}{image}
Was the pinbar an entry signal for you? When yes, why did you enter without confirmation ? I always wait while the market make a W or M pattern.
  • #1,755
  • Mar 14, 2014 2:49am Mar 14, 2014 2:49am
Quoting Beertje
{quote} Was the pinbar an entry signal for you? When yes, why did you enter without confirmation ? I always wait while the market make a W or M pattern.
We don't need alway a W / M pattern....a higher TF candle's close above / below a certain level is an important information that allows us to start making a trade plan based on the information that requires a D confirmation !
Nothing personal,just business
  • #1,756
  • Mar 15, 2014 5:21pm Mar 15, 2014 5:21pm
Greetings and great charts.

Monthly- Downtrend break of Dynamic RM.

Weekly- Bears control RM R & 92.92LVL & 93BRN

Daily- BUOB confirms Bears control

TG= RM S.

Daily -Await RET to TL S and PA confirmation of Bears control. Next TG 90.26

Thanks,

Any feedback much appreciated.
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  • #1,757
  • Mar 16, 2014 10:26pm Mar 16, 2014 10:26pm
Hello fxgroup, Assume it is a Friday night and the W candle could not close above R in down trend and that same day the D formed a bearish PB on the same W R would you trade that PB?
  • #1,758
  • Mar 17, 2014 3:01am Mar 17, 2014 3:01am
Quoting fxdonchris
Hello fxgroup, Assume it is a Friday night and the W candle could not close above R in down trend and that same day the D formed a bearish PB on the same W R would you trade that PB?
If we are in bearish trend we are looking for the S to become R and the P to close below....I'm not so sure I understood your question...could you please be more precisely !
Nothing personal,just business
  • #1,759
  • Mar 17, 2014 7:22am Mar 17, 2014 7:22am
PTT: GBP-USD:
Attached Image(s) (click to enlarge)
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  • #1,760
  • Mar 17, 2014 7:55am Mar 17, 2014 7:55am
PTT: NZD-SGD
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