Beyond the Candles

hi, fxgroup, your answer was highly appreciated, if there were month -line drawed. then we should wait for the month bar close as confirmation. and ingore the week close. take the picture i uploaded as example. i alreadly had month-line drawed on the P 1183, then even if the weekly bar had close below the P 1183, we should ingore it, and wait for the monthly bar close for confirmation. could i say. "when the weekly line was close or near the monthly line, we should ingore the week bar close, and pay attention to monthly bar close for HF confirmation." expect your feedback.

just wait for AG month bar close below the RN 16.00.

HI , fxgroup, the line i drawed on CHF right?

Clean and simple , just wait for the week bar close beyong the line & take action . Wow.

hi, fxgroup , as for gold , should i wait for the month bar close below the 1177 as HF confirmation for sell.

a clean picture i watched closely for cotton, just wait for the monthly bar close above the 0.68.

The silver is at strong dynamic S level and the dicember doji as CB, are telling us that we are in the middle of a battle betwen buyers and sellers forming a RM..very often when the P is betwen 2 strong level, it starts forming RMs !

Hi Kelly...regarding the gold..it is obvious that it is in a very strong bearish trend and my plan is very simple: I will wait for the P to close below the 1154+ its confirmation as R in order to sell it till the 1110 as the first MM level and 1073 as first important Tg

Do you remember this chart...look how the level acted as S.....every RM has a ML ( middle level ) where we aleays see stron price reactions ..let's see it today

The chart of this post shows how important is keeping the simplicity in trading....one of my trading method ( and one of the safiest ) is waiting for the price to close above / below a strong RM ( consolidation ) and a RET on it + its confirmation as S / R...obviously...I always prefer trading with the main trend.

Look on the chart WHERE the price retraced and how it acted at the identifyied levels...REMEMBER...stronger the RM ( consolidation ) is, stronger the level and stronger the P's reaction will be and of course safer too !

The FTSE MIB index with the P that is reaching the static RM's R...notice how the most important R levels turded into S once the P close above them...but not only...notice also how the P reacted and gave us a good opportunity with the bullish PB as DB ( double bottom ) confirmation on D chart

Some hints about the way I read the price

USDCAD is still in RM at its R level..very interesting how the P respect the NCA+NCB concept

Hi FXGROUP, thanks for the video very helpful for my learning.

Welcome....put some higher time frame charts and let's look together where the P did its RET on D chart and how it react at that level also !

EURAUD....we can clearly see the H&S pattern what is forming but having the monthly candle still in act, we have to wait to see if it will close below the neck-line and then a RET+ sellers confirmation at the level or the buyers will be able to keep the level control and the 1.4047 will still act as S.
Remember...in order to trade a pattern we always must have its confirmation !

Stock thaughts

The RM is the most important market structure , most of its time the P is consolidating in range so that’s why is so important to learn it and study how to manage the RM and especially the ways to trade within and out of it.
In this video I speak about a stock title ( TCO ) where the P is stuck in RM and how I PTT&TTP ( plan the trade & trade the plan ) based on this market’s structure with its caracteristics

The M close will give us the information about WPD+WPG...but only if it iwll close below the 1.4963 level..remember the candle's close is only an information and a trade based only on information has a higher risk...in order to trade safety we must wait for the RET on the level + sellers confirmation at the R level

tq fxgroup for your great video.

Thanks your post! I have a question, I see a strong line below your line. I think today can the daily make an entry signal, but the next line can stop it. What do you think about this?