Beyond the Candles | Page 102 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Calculating only buy candles vs sell candles 2 replies

Platform which enables the rewinding of candles 3 replies

Missing candles? 1 reply

I need more candles! 4 replies

Attachments: Beyond the Candles
Exit Attachments

Beyond the Candles

  • #2,021
  • Edited 8:00am Aug 24, 2014 6:45am | Edited 8:00am
GBPNZD
I would like you guys to share your thoughts on this pair.
This is a trade I took a few days ago. M is RM, P is at MM level which coincides with bearish controlling bar R. On W we got bearish PB at MM level 2 weeks ago. On D P evolved to a triple top and broke the neckline. The RET didn't stop at neckline but went higher and paused for 2 days. I used a technique based on the 61.8 fib Ret for tradind double tops and bottoms so That's when I entered. On the next day I saw a big bearish engulfing candle.. If it breaks S at TG1 probably we'll go all the way down to next MM level (TG2)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDMonthly.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDWeekly.png Size: 50 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 47 KB
  • #2,022
  • Aug 25, 2014 5:29am Aug 25, 2014 5:29am
Hi poncho !

At this very moment I don't really like so much the GBPNZD...so much traffic and with M in bullish H&S ( not confirmed ) + W in bearish H&S...so I expect to see a continuation of the RMs and this confusion fase for this pair ( buyers + sellers in the market ) !
You did spot very well the M CB...but where is the P right now ?...in the middle of its range....it would have been much simplier to have more informations at the R / S level !
I don't say that it is impossibile to trade it...I just say from a personal point of view this pair ( as it is now ) it doesn't meet my requirements / selection criteria !
Nothing personal,just business
  • #2,023
  • Aug 25, 2014 8:19am Aug 25, 2014 8:19am
You're right, GBPNZD is very choppy market. 2 days ago I was about 150 pips up, moved my SL to BE, only to see it taken out this morning on a spike and now it's kinda turning down again. It is safer to wait at the RM R and S. I just tried to trade the smaller RM that formed between the MM levels inside the big RM because there was enough room but it didn't work very well. Now I'M just going to watch.
  • #2,024
  • Aug 30, 2014 2:41am Aug 30, 2014 2:41am
EURUSD
We have a M close below RM. Now we wait for RET+ confirmation on D.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 36 KB
  • #2,025
  • Aug 30, 2014 7:13am Aug 30, 2014 7:13am
EURNZD
Bearish overall trend. 2 W bearish PB in a row, now the M candle has printed also bearish PB at M level
This pair has been trading in a choppy fashion lately (indecision) in a RM around M level and slowly is turning down. If it breaks structure support to me the sellers will have control.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDDaily.png Size: 41 KB
  • #2,026
  • Sep 2, 2014 6:07pm Sep 2, 2014 6:07pm
Eurnzd_d1

Attached Image


sr
  • #2,027
  • Sep 6, 2014 9:29am Sep 6, 2014 9:29am
GBPCAD
This is what I would look for in this market
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADMonthly.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADWeekly.png Size: 31 KB
  • #2,028
  • Sep 6, 2014 4:53pm Sep 6, 2014 4:53pm
Quoting ponchofx
GBPCAD This is what I would look for in this market {image} {image}
Looks with sense to me, but down direction I would consider only in range of 2008 hestitation.
At the moment price stopped at strong support.

Attached Image
  • #2,029
  • Sep 8, 2014 6:58am Sep 8, 2014 6:58am
Quoting ponchofx
EURUSD We have a M close below RM. Now we wait for RET+ confirmation on D. {image}
This is what I am looking for
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 52 KB
Nothing personal,just business
  • #2,030
  • Sep 9, 2014 7:16am Sep 9, 2014 7:16am
Quoting fxgroup
{quote} This is what I am looking for {image}
Have you consider ML level in this case, because I think it is one of the crucial point ???
  • #2,031
  • Sep 10, 2014 8:16am Sep 10, 2014 8:16am
This is a video where I explain the technical reasons why I decided to buy the USDSGD :

Inserted Video
Nothing personal,just business
  • #2,032
  • Sep 12, 2014 4:38am Sep 12, 2014 4:38am
AUDSGD...we have seen very often how the RMs are the most important market structure and this pair is a classic of how the RMs form starting with a DT ...the S level is always the final TG meanwhile the most important swings within the RM become MM levels :
Attached Image (click to enlarge)
Click to Enlarge Name: AS.png Size: 58 KB
Nothing personal,just business
  • #2,033
  • Sep 12, 2014 3:39pm Sep 12, 2014 3:39pm
AUDSGD
Thanks FXgroup, I've been also watching this pair. I haven't entered a trade yet because P was in a tight RM within the big one. Now we'll have a W close below W RM and below DT neckline and next week I'll wait for RET on D to W RM S/R and confirmation. Is this the best way to trade it?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDSGDWeekly.png Size: 44 KB
  • #2,034
  • Sep 15, 2014 2:33am Sep 15, 2014 2:33am
Quoting ponchofx
AUDSGD .... Is this the best way to trade it?
Is definetely the saffiest !
Nothing personal,just business
  • #2,035
  • Sep 16, 2014 4:39am Sep 16, 2014 4:39am
Is anybody following AUDNZD? Is it laying the foundation of a long term bullish trend or was this breakout false?
I think these days we should see confirmation if the breakout from dynamic RM is valid. Right now P is below the TL and testing the first major static S at the top of the old RM D. There is also a MS at 1.10 and then the bottom of the RM D at 1.0930. Until that S is taken out I still view current move as RET . On one hand, I am tempted to place an order if I see a bullish confirmation candle. On the other hand, there are too many S/R levels in close proximity and market could stay volatile as the battle between buyers and sellers rages on. I am guessing that Fxgroup's advice would be to wait until P closes again (if it will go up) in the old RM W from last year (see my charts) then test S+confirmation. Am I right?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDMonthly.png Size: 63 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDWeekly.png Size: 35 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 35 KB
  • #2,036
  • Sep 16, 2014 11:51am Sep 16, 2014 11:51am
Quoting ponchofx
Is anybody following AUDNZD? Is it laying the foundation of a long term bullish trend or was this breakout false? I think these days we should see confirmation if the breakout from dynamic RM is valid. Right now P is below the TL and testing the first major static S at the top of the old RM D. There is also a MS at 1.10 and then the bottom of the RM D at 1.0930. Until that S is taken out I still view current move as RET . On one hand, I am tempted to place an order if I see a bullish confirmation candle. On the other hand, there are too many S/R...
I see a messed up situation, with too many close levels and tight RMs.

Attached Image (click to enlarge)
Click to Enlarge Name: SoKZstF.png Size: 17 KB
  • #2,037
  • Sep 16, 2014 3:48pm Sep 16, 2014 3:48pm
Quoting dfumagalli
{quote} I see a messed up situation, with too many close levels and tight RMs. {image}

I see only possible TG at R and maybe bullish attempt after resistance flip into S.

But big messs, right.

Attached Image
  • #2,038
  • Sep 17, 2014 8:07am Sep 17, 2014 8:07am
The trading IS simple...all we have to do is waiting for the P to respect our PTT&TTP and those market conditions when we know exactly WPD+WPG !
Attached Image (click to enlarge)
Click to Enlarge Name: CJ.png Size: 102 KB
Nothing personal,just business
  • #2,039
  • Sep 21, 2014 6:44pm Sep 21, 2014 6:44pm
Greetings,

I drew this chart in 2013. I am no longer surprised at how price respects the lines drawn.


Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 48 KB
  • #2,040
  • Sep 21, 2014 6:56pm Sep 21, 2014 6:56pm
Updated chart.

Will wait for bulls control & RET of Dynamic RM support.

MM: LVL 8148 or Green Line(Resistance of bull flag).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 42 KB
Click to Enlarge Name: EURGBPMonthly.png Size: 42 KB
1 trader viewing now