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Beyond the Candles

  • #1,941
  • Jun 25, 2014 9:35pm Jun 25, 2014 9:35pm
Dear Beertje,

I have posted weekly & Monthly NCA and NBC
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  • #1,942
  • Jun 25, 2014 9:51pm Jun 25, 2014 9:51pm
Dear Beertje,

I have posted EURGBP Weekly, Why We not place buy, due to down trend or Retrenchment. Please give your valuable comments.
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  • #1,943
  • Jun 26, 2014 3:30am Jun 26, 2014 3:30am
Quoting ajentha
Dear Beertje, I have posted EURGBP Weekly, Why We not place buy, due to down trend or Retrenchment. Please give your valuable comments. {image}
When you have enough time you can trade on lower timeframe too, but you have good chance to overtrade. It isn't easy to make a long trade on 15M and in the same time waiting on daily to enter short. On EURGBP you need to wait until the price come back to the range high, this is the picture when you enter on daily. I see too there is a retracement, but I will take only the trades witch runs with the trend. I tried your way, but I found the best is to trade with more patience and take only the best trades. On the EURGBP I am waiting since 7 weeks for an entry, but the price didn't retrace now....
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  • #1,944
  • Jun 26, 2014 6:10pm Jun 26, 2014 6:10pm
The place where the M W and D lines meet together, the best place to enter. Be patience until the market give us a long entry signal.
Dark blue =Monthly level
Light Blue=weekly level
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  • #1,945
  • Jun 26, 2014 8:09pm Jun 26, 2014 8:09pm
Dear Beertje,

Thank you so much.

EURGBP SELL: 0.8185 price when it reach to it. Then only you take sell order. Yes!

You have mentioned M = W = D price meeting point. How to find that point. Please give some example.

Thank you so much for your explanation well.

bye
Ajentha
  • #1,946
  • Jun 26, 2014 9:57pm Jun 26, 2014 9:57pm
Dear Beertje,

Please give your valuable comment for EURAUD:

This price move monthly down trend.

Price reach near Monthly NCB, So if Price reach @ 1.4323, can I sell with SL = ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_W_27June14.jpg Size: 155 KB
  • #1,947
  • Jun 27, 2014 5:18am Jun 27, 2014 5:18am
Quoting ajentha
Dear Beertje, Please give your valuable comment for EURAUD: This price move monthly down trend. Price reach near Monthly NCB, So if Price reach @ 1.4323, can I sell with SL = ? {image}
I haven't this pair really on my radar now. At first wait until M close. It would be the best M close below the lowest M level. When not we will stay in RM. The M levels make small ranges what I don't like, bad R/R...
Attached Image(s) (click to enlarge)
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  • #1,948
  • Jun 27, 2014 5:23am Jun 27, 2014 5:23am
Quoting ajentha
Dear Beertje, Thank you so much. EURGBP SELL: 0.8185 price when it reach to it. Then only you take sell order. Yes! You have mentioned M = W = D price meeting point. How to find that point. Please give some example. Thank you so much for your explanation well. bye Ajentha
M and W levels often create a zone where the entry to look for. In this case fell one point.
Dark blue M
Light blue W
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  • #1,949
  • Jun 27, 2014 12:00pm Jun 27, 2014 12:00pm
Dear Beertje,

Thanks a lot. Now I got the point, which means the price between @91.56 to 91.01 can I sell?
  • #1,950
  • Jun 27, 2014 1:11pm Jun 27, 2014 1:11pm
Very nice thread, clean and simple...
Thank you for sharing

Subscribed...
  • #1,951
  • Jun 28, 2014 8:57am Jun 28, 2014 8:57am
Quoting ajentha
Dear Beertje, Thanks a lot. Now I got the point, which means the price between @91.56 to 91.01 can I sell?
yes when higher timeframe close below...
Attached Image (click to enlarge)
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  • #1,952
  • Jun 29, 2014 4:12am Jun 29, 2014 4:12am
Thank you Beertje
  • #1,953
  • Edited 5:21am Jul 3, 2014 4:54am | Edited 5:21am
AUD/CAD, W1 - price broke strong support level also forming Double Top pattern. Please comment and help me understand if i am correctly drawing lines and understanding what the price is doing.
P.S - didn't mention that it is Weekly pattern so needs to stay that way till the end of the week.
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  • #1,954
  • Jul 3, 2014 5:18pm Jul 3, 2014 5:18pm
Quoting savoy
AUD/CAD, W1 - price broke strong support level also forming Double Top pattern. Please comment and help me understand if i am correctly drawing lines and understanding what the price is doing. P.S - didn't mention that it is Weekly pattern so needs to stay that way till the end of the week. {image} {image}


You only need to do to wait until weekly close. But enter only when you see a clear setup!
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  • #1,955
  • Jul 6, 2014 7:50pm Jul 6, 2014 7:50pm
AUDUSD
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  • #1,956
  • Jul 7, 2014 12:29am Jul 7, 2014 12:29am
AUDUSD

I think M price just closed with nice PB, but in RM.
W retrace to S level and now we might see move up till next R 0.95687.

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  • #1,957
  • Jul 7, 2014 11:15am Jul 7, 2014 11:15am
NZDUSD_D1

Another attack on strong R by buyers if they succeed we have to wait for retrace and R flip into S for this pair .

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  • #1,958
  • Jul 10, 2014 5:27am Jul 10, 2014 5:27am
Hi, guys! My first post here on FF. Firstly, I want to thank fxgroup for the wonderful thread and all of you guys who keep it going with integrity and good tone.
I went through the whole thread, now I am reading it again trying to grasp the basic concepts of this method. I will post some charts of my recent practice and I hope that fxgroup and the more experienced of you will analyse my trades and tell me if I am doing it right. I am looking forward to be part of this thread!
  • #1,959
  • Jul 10, 2014 5:34am Jul 10, 2014 5:34am
In the following example I would like to ask if I have M and W trend bullish and I see bullish PA on W at confluence of M level and dynamic S could I place buy order without further D confirmation? See the charts
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  • #1,960
  • Jul 10, 2014 6:51am Jul 10, 2014 6:51am
Here is another trade that I find with 2 entry scenarios. I would like to hear your thoughts.
This is the first one, it's safer but offers less profit
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