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Beyond the Candles

  • #2,241
  • Mar 26, 2015 2:18pm Mar 26, 2015 2:18pm
Quoting Tp-link
tq fxgroup for your great video.
Thank you Tp-link for your participation...much more to come....what is really important is start posting,put some charts, make some analyses and let's talk about the P's behaviour !

Here is an example of a clear market situation that respect the methodology WPD+WPG....CVAL ( italian stock ) ...the last monthly candle closed above the 1.18 and we notice how this month the P did RET exactly to the level we expected ( WPD )...a buyers confirmation at the level, will push the P higher to the 1.64 R (WPG ) .

Please notice how the S / R levels are very clear and the P respected exactly the identyfied levels....over the time,this kind of situation became an important selection criteria for me !
Attached Image (click to enlarge)
Click to Enlarge Name: CVAL.png Size: 43 KB
Nothing personal,just business
  • #2,242
  • Mar 26, 2015 2:42pm Mar 26, 2015 2:42pm
Quoting fxgroup
Stock thaughts The RM is the most important market structure , most of its time the P is consolidating in range so thats 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 markets structure with its caracteristics https://www.youtube.com/watch?v=27BG-Fcx_Z8

Nice video! Your post warn always, to not complicate the things. Clear picture, clear plan.
  • #2,243
  • Mar 26, 2015 2:46pm Mar 26, 2015 2:46pm
Quoting fxgroup
{quote} Thank you Tp-link for your participation...much more to come....what is really important is start posting,put some charts, make some analyses and let's talk about the P's behaviour ! Here is an example of a clear market situation that respect the methodology WPD+WPG....CVAL ( italian stock ) ...the last monthly candle closed above the 1.18 and we notice how this month the P did RET exactly to the level we expected ( WPD )...a buyers confirmation at the level, will push the P higher to the 1.64 R (WPG ) . Please notice how the S / R levels...
Many thanks, the stock analyzis! More, more, more!
  • #2,244
  • Mar 30, 2015 7:45am Mar 30, 2015 7:45am
I will post more market analysis , both ( stock and forex ), but this is not the most important thing..I want to be sure that the readers understand that this thread it gives an edge on studying the price behaviour.
I wasn't and I will never be a signal service neither here or on my own site,it is all about studying the technical aspects of the price in those situation with the highest probability of happening how we expect ( selection criteria )..here is a good exemple

ACN...after the P meet a R and did a consolidation below the 83.37, it finaly close above the level....what should we ecpect from now on from the P ??..exactly..to see the level how turns into S, abuyers confirmation to the level !
Notice how the 83.37 was a very strong R and how the P did its consolidation for a long period...more it stas below the level=more important the level become !
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ACN-D.png Size: 78 KB
Nothing personal,just business
  • #2,245
  • Apr 2, 2015 7:20pm Apr 2, 2015 7:20pm
Fxgroup ,many thanks for your trading method,my English is very poor, but also i study a lot from this thread . now there is a question:
EURSGD

Monthly chart
WPD: Close below M level
Attached Image (click to enlarge)
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W chart:
WPD: doji:buyer and seller battle , cann't close above monthly level, seller control this level,
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D chart
waiting PA sell it
but price don't go down trend
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  • #2,246
  • Apr 3, 2015 4:02am Apr 3, 2015 4:02am
hello fxgroup and traders. Here goes NZD JPY
Attached Image(s) (click to enlarge)
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  • #2,247
  • Apr 3, 2015 9:56pm Apr 3, 2015 9:56pm
Quoting Vince.Fu
Fxgroup ,many thanks for your trading method,my English is very poor, but also i study a lot from this thread . now there is a question: EURSGD Monthly chart WPD: Close below M level {image} W chart: WPD: doji:buyer and seller battle , cann't close above monthly level, seller control this level, {image} D chart waiting PA sell it but price don't go down trend {image}

hello frens . this is my understanding of your question. There are few monthly level and Hot Area (Range Market) that you missed.
Will wait for Fxgroup reply as well.
Attached Image(s) (click to enlarge)
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  • #2,248
  • Apr 5, 2015 1:16am Apr 5, 2015 1:16am
I wish all of you a very Happy Easter !
Nothing personal,just business
  • #2,249
  • Apr 5, 2015 9:05am Apr 5, 2015 9:05am
Thank you Fxgroup and happy Easter for you too and for everybody here in this forum.
  • #2,250
  • Apr 8, 2015 3:59am Apr 8, 2015 3:59am
[quote=Tp-link;8183248]hello fxgroup and traders. Here goes NZD JPY

Hi...you are absolutely right and looking to your chart I see that you understand it...strong level where in February the buyers close above and March candle is a doji as the battle for the level. Tha dojie's close above the level gaved us the information that the buyers are still in level's controll...all we had to do is waiting for a D bullish confirmation at the level....your M chart is quite the same as mine
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Nothing personal,just business
  • #2,251
  • Apr 8, 2015 11:20am Apr 8, 2015 11:20am
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  • #2,252
  • Apr 10, 2015 11:51pm Apr 10, 2015 11:51pm
Feel awesome . Thanks Fxgroup for sharing how to look at the big picture of the price.
  • #2,253
  • Apr 12, 2015 3:07pm Apr 12, 2015 3:07pm
Hoi! In march I had some bad trades, but I strarted this month with 2 very good one! I have my trades at another broker wich have bad previous market data,
so I saw it on fxpro MT4. The first is the EURSGD.
M: Clear level
W: Last W candles close below it.
D: The market pushed the daily candle down. Good entry sign.
Attached Image(s) (click to enlarge)
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  • #2,254
  • Apr 12, 2015 3:16pm Apr 12, 2015 3:16pm
Second trade is USDCZK. This is the safiest entry.

M: clear level
W: The W candles close abow the M level. You can see a "pinbar" whitch is agains the trend, but it close above too, and when you watch it on the daily, you will see it made a triangle. The trend is up, so the break out will be upward.
D: And why is it a safe entry? The pinbar close abow the M level, and what important is, we have enough place to the upper line of the triangle. You can be sure that the price will hit this line. And at this point you can close the half of your positin or you can do it in BE.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCCKMonthly.png Size: 74 KB
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  • #2,255
  • Apr 12, 2015 3:27pm Apr 12, 2015 3:27pm
Good opportunitys to go short: GBPJPY, GBPCAD
The blue lines are the M levels. Look on daily for confirmation.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPCADWeekly.png Size: 84 KB
  • #2,256
  • Apr 12, 2015 3:47pm Apr 12, 2015 3:47pm
Hello Beertje. GBP/JPY W1. I see a significant support level around 175.73 area. Nice bearish engulfing candle, but are you concerned with price being able to penetrate this level further south? All the best, G

Attached Image (click to enlarge)
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'Fail to plan, plan to fail'
  • #2,257
  • Apr 12, 2015 4:03pm Apr 12, 2015 4:03pm
Quoting Guitarbloke
Hello Beertje. GBP/JPY W1. I see a significant support level around 175.73 area. Nice bearish engulfing candle, but are you concerned with price being able to penetrate this level further south? All the best, G {image}
I think the uptrend is broken.And the 175.73 is not the w close, it is the lowest point of some w candles.
Attached Image (click to enlarge)
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  • #2,258
  • Apr 12, 2015 4:21pm Apr 12, 2015 4:21pm
Quoting Beertje
{quote} I think the uptrend is broken.And the 175.73 is not the w close, it is the lowest point of some w candles. {image}
GBP/JPY Monthly. Sure is some recent bearish action. I wonder how significant the preceding uptrend is here? Really enjoying and benefiting from all the analysis. Best wishes and safe trading. G.

Attached Image (click to enlarge)
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GBP/JPY Weekly.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly.png13415A.png Size: 30 KB
'Fail to plan, plan to fail'
  • #2,259
  • Apr 14, 2015 5:56am Apr 14, 2015 5:56am
Hi G and welcome !

You really pointed out a very important trading detail....SAFETY...yes...the profitability is essentially but not at any cost.....the levels where we decided to trade must contain space to the next S/R levels in order to manage the trade,traffic and other trading stuff that are part of selection criteria.
Take a look on GBPJPY M chart....would you short it just in front of such S level ???...or it would be safier for a close below 174.50 in order to sell it till the 167.63 ???

The M chart is still in bullish trend and right now the P is the RM above the previous range....trading options on the chart...we need first an information on higher TFs and then a D confirmation:
Attached Image (click to enlarge)
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Nothing personal,just business
  • #2,260
  • Apr 14, 2015 8:56pm Apr 14, 2015 8:56pm
Quoting fxgroup
Hi G and welcome ! You really pointed out a very important trading detail....SAFETY...yes...the profitability is essentially but not at any cost.....the levels where we decided to trade must contain space to the next S/R levels in order to manage the trade,traffic and other trading stuff that are part of selection criteria. Take a look on GBPJPY M chart....would you short it just in front of such S level ???...or it would be safier for a close below 174.50 in order to sell it till the 167.63 ??? The M chart is still in bullish trend and right now...
Hi FXG thx for the welcome. I'm buying the D1 PB on a retrace if/when price goes there. S/L/ just below PB. What do you think? Chart below.

This may not be in line with your methods here, but just commenting on that chart and how i see it. My view is possibly more short term.

Best wishes, G.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png15415C.png Size: 29 KB
'Fail to plan, plan to fail'
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