Chart Talk | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

You talk the talk I walk the talk 8 replies

Much of Forex talk is illusional esoteric talk 141 replies

What is the difference between an "interday" chart and "intraday" chart? 2 replies

1 bar in 1H chart = how many bar in 5min chart? 3 replies

gbpjpy tick chart difference with 5m chart 0 replies

Attachments: Chart Talk
Exit Attachments

Chart Talk

  • #261
  • Mar 6, 2016 9:02am Mar 6, 2016 9:02am
Quoting atheer1
{quote} would you mind to give an example,so that I know what you mean exactly

Here is an example. The blacK arrow shows a fake breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 23.png Size: 308 KB
  • #262
  • Edited 9:32am Mar 6, 2016 9:10am | Edited 9:32am
Quoting atheer1
{quote} Price is constant formation of zones in one direction and sustaining the same direction by formation of other zones in the same direction.........in other wards pullbacks to zones to continue in the same direction.........then the price instead of reversing from a zone it break through it in order to form the base of change in the direction and so on............ If you apply this concept,you will never see any breakout as false....................
What you say is right when a pair is trending or when the trend revereses. But there are periods when the pair is in a range.
In these periods maybe the breakouts are fake. And the bear and bull zones may be overllaping.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroH1.png Size: 31 KB
  • #263
  • Mar 6, 2016 9:36am Mar 6, 2016 9:36am
An example of overllaping zones and a false breakout is chart 49 (post 243)
Attached Image
  • #264
  • Mar 6, 2016 9:39am Mar 6, 2016 9:39am
Quoting Elios
{quote} Here is an example. The blacK arrow shows a fake breakout. {image}
No it is not false breakout,this is reversal from the red zone followed by reversal from the green zone followed by break of red zones all together
atheer1
  • #265
  • Mar 6, 2016 9:48am Mar 6, 2016 9:48am
Quoting Elios
{quote} What you say is right when a pair is trending or when the trend revereses. But there are periods when the pair is in a range. In these periods maybe the breakouts are fake. And the bear and bull zones may be overllaping. {image}
Yes in range there is an overlap between bull and bear zones,but if you see the price break and close in one direction then reversed back to the other side that does not mean false breakout but it does mean that the price almost always find a zone which you were not aware of (zooming in ) and that acted as reversal zone................
atheer1
  • #266
  • Mar 6, 2016 9:56am Mar 6, 2016 9:56am
Quoting Elios
An example of overllaping zones and a false breakout is chart 49 (post 243) {image}
where is the false breakout.........
Nothing is false about the price...........If orders are there it will move otherwise it will remain the same..............
atheer1
  • #267
  • Mar 6, 2016 10:04am Mar 6, 2016 10:04am
Quoting atheer1
{quote} where is the false breakout......... Nothing is false about the price...........If orders are there it will move otherwise it will remain the same..............
The term false breakout refers to the trader who thinks that the price will follow one direction but in a few bars the price direction changes, so the trader looses money. The price cheats the trader.
  • #268
  • Mar 6, 2016 10:07am Mar 6, 2016 10:07am
Important:

Those zones are a way to analyze price and to have postulated zones for orders presence,those with no means could predict real time orders entering and leaving a zone.

A price can do whatever it wants,orders can enter or leave the market at any instance.Those zones are just an edge to refine our entry and exit in uncertain market like Forex.............

hey traders :JUST USE a stop and put it were you think the price is not heading..............if it was a loss just accept it............
atheer1
  • #269
  • Edited 11:13am Mar 6, 2016 10:47am | Edited 11:13am
Attached Image (click to enlarge)
Click to Enlarge Name: 58.png Size: 47 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 59.png Size: 60 KB
atheer1
  • #270
  • Edited 1:41pm Mar 6, 2016 1:29pm | Edited 1:41pm
Quoting atheer1
{image} {image}

The traders who followed the breaks out of the bull zones in H1 had losses.
A trader should not had taken long trades during this ranging period by looking at H4 and D1 chart, where he can see a clear downtrend. So "the trend is your friend" and never trade against it.
To sum up besides the zones a trader must always have a look at higher TFs.
  • #271
  • Mar 6, 2016 1:40pm Mar 6, 2016 1:40pm
Quoting Elios
{quote} The traders who followed the breaks out of the bull zones in H1 had losses. A trader should not take long trades during this ranging period by looking at H4 and D1 chart, where he can see a clear downtrend. So "the trend is your friend" and never trade against it. To sum up besides the zones a trader must always have a look at higher TFs.
atheer1
  • #272
  • Edited 1:56pm Mar 6, 2016 1:44pm | Edited 1:56pm
Tomorrow morning I am in-charged of outpatient clinic so no time to post
atheer1
  • #273
  • Mar 6, 2016 2:03pm Mar 6, 2016 2:03pm
Quoting atheer1
Tomorrow morning I am in-charged of outpatient clinic so no time to post
So have a good working day and try to help your patients
  • #274
  • Mar 6, 2016 2:12pm Mar 6, 2016 2:12pm
Quoting Elios
{quote} So have a good working day and try to help your patients
Thanks
atheer1
  • #275
  • Mar 7, 2016 8:59am Mar 7, 2016 8:59am
Attached Image (click to enlarge)
Click to Enlarge Name: 60.png Size: 71 KB
atheer1
  • #276
  • Mar 7, 2016 10:19am Mar 7, 2016 10:19am
Attached Image (click to enlarge)
Click to Enlarge Name: 61.png Size: 49 KB
atheer1
  • #277
  • Mar 7, 2016 10:46am Mar 7, 2016 10:46am
Attached Image (click to enlarge)
Click to Enlarge Name: 62.png Size: 56 KB
atheer1
  • #278
  • Mar 7, 2016 2:27pm Mar 7, 2016 2:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: 63.png Size: 60 KB
atheer1
  • #279
  • Mar 7, 2016 3:18pm Mar 7, 2016 3:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: 64.png Size: 60 KB
atheer1
  • #280
  • Mar 7, 2016 4:03pm Mar 7, 2016 4:03pm
Chart 63:

When the price did hit that candle high,it gave us a great probability that the price will continue in the same up direction with good R/R advantage.


Chart 64:

When the price did hit that candle high,it gave us a great probability that the price will turn up and at least it will reach the other side of BB........this point could give rise to a great debate and discussion..........
atheer1
1 trader viewing now