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Beyond the Candles

  • #1,921
  • Jun 16, 2014 3:44am Jun 16, 2014 3:44am
[quote=Beertje;7535818]
Quoting fxgroup
{quote} How do you manage your trades in this situation? when you trade the range market you will get a bad R/R. When you take 50% of your profit at the R level you make some money... My biggest question is, when the price reach the R level give you the stop in BE?
As I said the main TGs are thouse identified on higher TF, but the trade been triggered on D chart, I use to identify the first D TG in order to put my trade in safe giving me the space and mentally conditions to keep the trade as long as possible....I have more ways to manage a trade and these Money Management concepts will be discussed further in the thread !
Nothing personal,just business
  • #1,922
  • Jun 16, 2014 10:35am Jun 16, 2014 10:35am
[quote=fxgroup;7538221]
Quoting Beertje
{quote} As I said the main TGs are thouse identified on higher TF, but the trade been triggered on D chart, I use to identify the first D TG in order to put my trade in safe giving me the space and mentally conditions to keep the trade as long as possible....I have more ways to manage a trade and these Money Management concepts will be discussed further in the thread !
THX
  • #1,923
  • Jun 16, 2014 11:08am Jun 16, 2014 11:08am
Hi Beertje...this is another way to enter the market that i'm testing to improve the R:R ratio.

Note that is more risky and sometimes you will miss a trade, you must try and see if you feel comfortable with this kind of entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2014-06-16 alle 18.15.29.png Size: 34 KB
  • #1,924
  • Jun 16, 2014 11:32am Jun 16, 2014 11:32am
Here's another sweet spot on the same chart to place the buy limit after the price action candles, tiny SL, huge R:R
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2014-06-16 alle 18.36.08.png Size: 33 KB
  • #1,925
  • Jun 16, 2014 2:09pm Jun 16, 2014 2:09pm
Quoting Redbullish
Here's another sweet spot on the same chart to place the buy limit after the price action candles, tiny SL, huge R:R {image}
Thank you! Good Idea!
  • #1,926
  • Jun 17, 2014 8:26am Jun 17, 2014 8:26am
Just a closer look of how important the high TF levels are...NZDUSD on W chart the P doesn't close above the R level..let's see it on D where we clearly notice how none of the candles close above the R:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NUW.png Size: 60 KB
Click to Enlarge Name: NUD.png Size: 44 KB
Nothing personal,just business
  • #1,927
  • Jun 17, 2014 3:18pm Jun 17, 2014 3:18pm
The last weekly candle can be seen as an exhaustion, right? It runs through the whole RM and it doesn't close above...
  • #1,928
  • Jun 18, 2014 3:11am Jun 18, 2014 3:11am
Quoting Redbullish
The last weekly candle can be seen as an exhaustion, right? It runs through the whole RM and it doesn't close above...
Yes...but seeing that the trend is bullish with the close above the triangle, I would rather prefer a bearish exhaustion in order to buy with the main trend !
Nothing personal,just business
  • #1,929
  • Jun 18, 2014 3:54am Jun 18, 2014 3:54am
RF...last week the buyers closed above an important W level ( 10.62 )...so all we have to do is waiting for a RET on the level + buyers confirmation in order to push the P higher to 11.16 !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RFW.png Size: 50 KB
Click to Enlarge Name: RFD.png Size: 65 KB
Nothing personal,just business
  • #1,930
  • Jun 18, 2014 6:18am Jun 18, 2014 6:18am
RHI...Just take a closer look of where the P made RET after closing above the R levels with the bullish main trend !
Attached Image (click to enlarge)
Click to Enlarge Name: RHI.png Size: 63 KB
Nothing personal,just business
  • #1,931
  • Jun 19, 2014 5:55pm Jun 19, 2014 5:55pm
USDSGD
Monthly: Small monthly range, the last month candle closed below it. On the weekly you can see the price go slow down, but no really good retrace to enter. On the daily you will see the price try to retrace, entry at the M level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eursgdmonthly.png Size: 64 KB
Click to Enlarge Name: eursgddaily.png Size: 74 KB
  • #1,932
  • Jun 22, 2014 12:07pm Jun 22, 2014 12:07pm
Quoting fxgroup
EURGBP This pair is in very strong bearish trend. 0.8340-strong M level. 2011.12.21-doji-the sellers reached the level and the first buyers reaction 2011.12.22-doji/ IB-sellers exhaustion and fight for the level. 2011.12.23-bullish candle-the buyers turn the P above the level 2011.12.26.IB-buyers exhaustion at first R (what is S for the the previous D RM also) 2011.12.27.-beob-the sellers take the R control, buy can't close bellow the level 2011.12.28-bullish candle-the buyers take the level's control and push the P to the old RM's S 2011.12.29-bullish...
Excellent explanation I am very much interested and willing to learn your best trading method Thanks Ajentha
  • #1,933
  • Jun 23, 2014 2:53am Jun 23, 2014 2:53am
Quoting ajentha
{quote} Excellent explanation I am very much interested and willing to learn your best trading method Thanks Ajentha
Hi Ajentha and welcome !...the best way to learn reading the P is putting some charts and discuss about it !
Nothing personal,just business
  • #1,934
  • Jun 23, 2014 5:34am Jun 23, 2014 5:34am
Strong and clear levels....I am expecting to see a close above the 560.74 + RET+ buyer's confirmation in order to reach the identified TRGs....very important...I will put my plan in practice ONLY if the P will respect it !
Attached Image (click to enlarge)
Click to Enlarge Name: GOOG.png Size: 59 KB
Nothing personal,just business
  • #1,935
  • Jun 23, 2014 9:42pm Jun 23, 2014 9:42pm
Dear FXgroup,

Thank you for your contribution.

First, I will finish all your post, then I will start posting the chat and discuss my doubt.

ajentha
  • #1,936
  • Jun 24, 2014 10:28am Jun 24, 2014 10:28am
From 6.25.2014 to 7.16.2014 I will be out for the hollydays...I wish good trading all of you !
Nothing personal,just business
  • #1,937
  • Jun 24, 2014 11:00pm Jun 24, 2014 11:00pm
Dear FX Group,

Sholom with U and Happy holiday.

I am return back Forex trading very long break. So I want learn basic onwards.

I like long term and stress free trading method. Thank you for your precious trading method. Please help me to learn and trad in your system.


EURUSD:
1) Weekly overall trend is UP,
2) The price closed bellow the RM 1 support and becomes resistance and form another RM 2
3) Now the Price around RN 1.3600
4) So I can place buy limit order @ 1.3626

Could you please help me: any body can give your valuable comment for my understandings and improve my trading skill
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_W_25June14_1.jpg Size: 160 KB
  • #1,938
  • Jun 24, 2014 11:07pm Jun 24, 2014 11:07pm
Dear Team,

The daily chart setup
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_D_25June14_1.jpg Size: 158 KB
  • #1,939
  • Jun 25, 2014 9:42am Jun 25, 2014 9:42am
Quoting ajentha
Dear Team, The daily chart setup {image}
Your box is ok. Now the EURUSD is in a small downtrend, I will entry only when the weekly close above the lower box. On my chart the red line is weekly level the blue is monthly, 1 and 2 is possible place to find an entry. Draw my lines on your chart and you will see what I say. I suggest you to use different colors for the monthly and weekly levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 80 KB
  • #1,940
  • Jun 25, 2014 9:28pm Jun 25, 2014 9:28pm
Dear Beertje,

Thank you so much for your explanation. Really I get the point if weekly must close above the Weekly BCA.
I will post many post please teach me. Thanks you
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