Chart Talk

Quoting atheer1

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type 1...)or a bear candle with upper thread extending into other zone(s) above the candle open zone

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Quoting pawelfx

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Hi atheer1 Is this really candle type1 (please see chart below)? The candle which Elios marked as type1 does not correspond to: {quote} As we can see that particular candle has not got upper wick extend into other zone. The reason why I am asking isnt because I try to discredit analysis made by Elios. I try to find out that maybe there are some exceptions when we can treat candles which do not suit to description as candle type1... {image}

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Quoting pawelfx

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{quote} Hi Elios. Can you tell me what timeframe you took that trade on? H1 or D? I know your analysis was base on multitime frame approach, but tread itself was taken on which timeframe? Cheers

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Quoting Elios

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{quote} The TF was D1. The price movement was so big that it was more convenient to watch it on D1 than on H1. I have aquired the ability of watching the price movement on multiple timeframes. It is like zoom in and zoom out. Big TF = zoom out and small TF = zoom in. One interesting thing about MTF approach is that you can put your SL on a small TF (eg H1) and your TP on a big TF (eg D1).

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Quoting Elios

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{quote} The TF was D1. The price movement was so big that it was more convenient to watch it on D1 than on H1. I have aquired the ability of watching the price movement on multiple timeframes. It is like zoom in and zoom out. Big TF = zoom out and small TF = zoom in. One interesting thing about MTF approach is that you can put your SL on a small TF (eg H1) and your TP on a big TF (eg D1).

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Quoting pawelfx

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{quote} Hi Elios. Thank you for reply. Can you tell me then where was your SL and what was R/R of that trade? Or if you could post chart with trade on it(enter, SL, TP) Cheers

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Quoting Elios

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{quote} When I saw the price coming at the strong support line I thought that it was a great opportunity because my bias was bullish, despite the big move down. I hadn't planned that trade. It was an inspiration of that moment. My bias was bullish because of Atheer's "turn setup"!!! {image}

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Quoting pawelfx

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{quote} As a doctor you are probably very busy and what comes with this you must be tired There is no reason to shout . You did not say that type1 candle was that of the 2nd March, as I did not say you said that as well . What I did say or rather asked is if candle marked by Elios(participan of this thread) in the post #326 as type1 qualify as type1 because it do not suit characteristic type1 according what you said in post #194. But I think I got my answer now. Thanks

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Quoting pawelfx

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{quote} When I saw you analysis from post #326 and you said your bias is bullish I thought you entered the trade right at that moment (after daily close candle of 9th March). But that would required big SL. Instead of that you have wait to price bounce from resistance and enter the trade. Am I get i right? Cheers

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