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Beyond the Candles

  • #1,981
  • Jul 22, 2014 5:19pm Jul 22, 2014 5:19pm
Quoting fxgroup
{quote} Hi Thenew...and welcome to the thread ! You right ..the AUDCAD wants to put a buyers information to a very important level and I am expecting to see a RM forming betwen 1.0050 and 1.0320...but all this anlyse ( very important ! ) only with the M cande closed ! {image}
Very nice an clean charts...itīs a pleasure being here, thanks for sharing.
Tryng to develop my PATIENT skills here...
  • #1,982
  • Jul 22, 2014 5:28pm Jul 22, 2014 5:28pm
This one is a bit messy on LTF but here on monthly, looks bullish to me, waiting for a nice candle
as a confirmation of support holding.

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  • #1,983
  • Jul 23, 2014 6:11am Jul 23, 2014 6:11am
This is how I see the USDJPY on long term
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Nothing personal,just business
  • #1,984
  • Jul 24, 2014 3:47am Jul 24, 2014 3:47am
Fxgroup,
What are your thoughts on USDCAD. P is at S and TL with nice reverse candle on W. Do we have to wait for D to come all the way down to M level for confirmation
or if it makes bullish PA at current D S would still be good.
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  • #1,985
  • Jul 24, 2014 10:13am Jul 24, 2014 10:13am
The USDCAD is in a complicate situation...we have the W in bearish trend but at the M at the strong support level !..more then this...the M IB havs just reached its TG !
Nothing personal,just business
  • #1,986
  • Jul 30, 2014 5:06am Jul 30, 2014 5:06am
Quoting fxgroup
The USDCAD is in a complicate situation...we have the W in bearish trend but at the M at the strong support level !..more then this...the M IB havs just reached its TG !
I am sorry fxgroup, could you explain what IB and what TG you are referring to, I can't see any recent meaningful IBs.
Could you please comment on the GBPSGD. The way I see it we have a tight RM on M formed by the January controlling candle.
WPD - P was at RM R and got rejected. If this M prints a bearish candle as it looks (I know we have to wait for tomorrow's C so the month will be over that's why I say IF) to me will mean that P is heading towards the bottom of that range (WPG) so my bias will be bearish, so on D I would start looking for a RET to the nearest D R and watch for bearish PA to enter short. Does my analysis sound reasonable to you?
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  • #1,987
  • Jul 30, 2014 8:20am Jul 30, 2014 8:20am
Hello guys, this is what i see at AudUsd. Price at monthly fail to closed above 0.95, and stop at 23.6% Monthly Fibonacci level. If it is, How to enter this trade ? :S
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  • #1,988
  • Jul 30, 2014 9:09am Jul 30, 2014 9:09am
Quoting ponchofx
I am sorry if this has been discussed before. I was reading through the thread and I have a question. quote: "This - as said above - involves another FXGroup method called "Daily". It's a fairly high risk method though so not suitable to be used by new and even "medium experience" traders". This is taken from DFUMAGALLI'post a couple of years ago. Is there any other methods by fxgroup and if yes where can I read about them? Thanks
Hello,

It's a long time FXGroup trades the Forex. Some guys knew him before he started posting here and had the opportunity to read more of his stuff on a non English spoken website. Let's hope he'll keep adding things as time goes on.
  • #1,989
  • Jul 30, 2014 2:49pm Jul 30, 2014 2:49pm
Quoting ponchofx
{quote} I am sorry fxgroup, could you explain what IB and what TG you are referring to, I can't see any recent meaningful IBs. Could you please comment on the GBPSGD. The way I see it we have a tight RM on M formed by the January controlling candle. WPD - P was at RM R and got rejected. If this M prints a bearish candle as it looks (I know we have to wait for tomorrow's C so the month will be over that's why I say IF) to me will mean that P is heading towards the bottom of that range (WPG) so my bias will be bearish, so on D I would start looking...
Hi ponchofx.....from a technical point of view an IB has as 1°TG the higher / low of the previous candle / bar...and on USDCAD, this is was I meant:

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Regarding GBPSGD....I fully agree with your analyse and you did a nice job seeing the January doji as CB ( controlling bar ) , except one thind....I see HH+HL on both higher TFs ( M+W )...so that's why I prefer waiting for the P's reaction at the doji's low as S of the RM..a second option you could wait for The P to close below the ML ( middle level of the RM ) and then for the ML to become R as information of the bearish continuation:

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Nothing personal,just business
  • #1,990
  • Jul 31, 2014 1:02am Jul 31, 2014 1:02am
Thank you guys for your replies!
1)Indeed, GBPSGD has been trading in the upper half of the range so I understand why you want to see a C below ML + confirmation.
2) Fxgroup I see now the IB on USDCAD. I hope you don't mind me asking though, is this 1TG rule a general rule for any IB anywhere on the chart or just for those which present us with a trade opportunity? Was this IB a short signal? Because what I see is a big full bullish bar (that shows some momentum to me) that decisively breaks multiyear R and then comes the IB but no major SR near it. Of course it's normal to anticipate some reaction and testing of previous R now S. So being that conservative in your approach, would you have traded that IB?
  • #1,991
  • Aug 1, 2014 12:45am Aug 1, 2014 12:45am
Hi,
I have a question for the experienced traders here.
Here is a M chart of AUDCAD. P has entered all the way to the ML of the old RM defined by fxgroup, RET to S and formed 2 consecutive PBs - one IPB and one regular. Is this enough confirmation to buy this pair or we need to see additional test of S on D?
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  • #1,992
  • Aug 1, 2014 3:50am Aug 1, 2014 3:50am
And how about this one
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  • #1,993
  • Aug 1, 2014 8:49am Aug 1, 2014 8:49am
SGDHKD? It's only the mirror of USDSGD with an higher spread!
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  • #1,994
  • Aug 4, 2014 7:21am Aug 4, 2014 7:21am
Hi guys,
What is your opinion of EURNZD. P broke M S in June and now RET to MR and formed PB
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  • #1,995
  • Aug 4, 2014 1:42pm Aug 4, 2014 1:42pm
Price is choppy at EURNZD and it is not safe place for trade, suspended between W levels and ret to W support.
I would wait for ret at 1.5809 for long with TG 1.6050 or 1.5655 as crucial level for long or short.

Attached Image
  • #1,996
  • Aug 4, 2014 4:43pm Aug 4, 2014 4:43pm
Quoting ponchofx
Hi guys, What is your opinion of EURNZD. P broke M S in June and now RET to MR and formed PB {image}
The EURNZD is in dynamic RM with the 1° buyers reaction at the S level
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Nothing personal,just business
  • #1,997
  • Aug 5, 2014 5:19am Aug 5, 2014 5:19am
Quoting fxgroup
{quote} The EURNZD is in dynamic RM with the 1° buyers reaction at the S level {image}
Thanks for your view.

http://jpeg.cz/images/2014/08/05/5bH07.png
  • #1,998
  • Aug 6, 2014 2:16am Aug 6, 2014 2:16am
Quoting Inkvizitor
{quote} Thanks for your view. http://jpeg.cz/images/2014/08/05/5bH07.png
Hi Ink....amd welcome !

I post a chart of EURNZD in order to suggest that the P start going from S to R into dynamic RM...that means BULLISH !

I do not want to seem rough this is not my intention at all..but could you explain how the EMAs help you in your analyses and how it influnce your trading decision...repeat ...all I want is trying to show you that for every reason sustained by the EMAs I will give you 3 reasons based ONLY on PRICE !

For me the indicators show the past...ONLY the PRICE and the MARKET show the future !
Nothing personal,just business
  • #1,999
  • Aug 6, 2014 4:28am Aug 6, 2014 4:28am
fxgroup: I follow your posts for a few days.Your view on the market is brilliant, it's simple and functional.I have saved your pictures in my PC and I learn from them every day...

My EMAs (10,20,30) show me the direction/major trend.If the market closes strongly above my EMAs - it's bullish signal.EMAs are dynamic S/R levels too.I don't know whether it's a good system.Iam a beginner and i try everything...
  • #2,000
  • Aug 6, 2014 5:40pm Aug 6, 2014 5:40pm
NZDSGD

M-bearish exhaustion with the main trend after closing above the RM
W-bullish PB...weak momentum beeing a PB by proxy and very weak to make a direct inversion
D-bullish PB @BRN
Nothing personal,just business
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