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Chart Talk

  • #381
  • Mar 13, 2016 2:25pm Mar 13, 2016 2:25pm
Quoting atheer1
{quote} THE PRICE IS HEADING TO THE NEXT R AT 1.1350 PAWELFX YOU MADE THE SAME MISTAKE THIRD TIME AND NOW ON THE DAILY CHART,YOU ARE A BIG FAN OF COUNTER TREND TRADES
Owww maaannn I give up
  • #382
  • Mar 13, 2016 2:42pm Mar 13, 2016 2:42pm
Quoting pawelfx
{quote} Owww maaannn I give up
Dont give up. I used to make the same mistake, and I am not sure that I ' ve learned how not to make it.
Continue to ask qwestions. We are learning from your questions and Atheer's answers.
  • #383
  • Mar 13, 2016 2:46pm Mar 13, 2016 2:46pm
Quoting atheer1
{quote} THE PRICE IS HEADING TO THE NEXT R AT 1.1350
WHY?

because the last "turn setup" is bulish?
  • #384
  • Edited 3:16pm Mar 13, 2016 3:04pm | Edited 3:16pm
Quoting Elios
{quote} WHY? because the last "turn setup" is bulish?
look at the following daily candles:

17th,Feb,2016
22nd,Oct,2015

those are type 1 bearish candles,the last bear in 1st was taken out..........so who is the next? the bear at the high of the 2nd which is about 1.1350......if you look carefully the 2nd one was hit at the high of this year.....next time this bear may be out of the game...............Not forgetting to mention the bear in the last daily candle he may be a surprise .......

Note:This is just my opinion
take care
atheer1
  • #385
  • Mar 13, 2016 3:07pm Mar 13, 2016 3:07pm
Quoting Elios
{quote} Dont give up. I used to make the same mistake, and I am not sure that I ' ve learned how not to make it. Continue to ask qwestions. We are learning from your questions and Atheer's answers.

Thank Elios for good word and support Of course I wont give up, that was a joke. I do not give up so easily Just when I made same mistake third time in row that is a little bit depressing
  • #386
  • Mar 13, 2016 3:26pm Mar 13, 2016 3:26pm
Quoting atheer1
{quote} (...)the last bear in 1st was taken out..........so who is the next? the bear at the high of the 2nd which is about 1.1350......if you look carefully the 2nd one was hit at the high of this year
Hi atheer1. Above excerpt is unclear to me. Could you to show it in chart please ?

Edit:
22nd Oct candle does not look like type1 in my chart... Did you mean 23rd Oct?
  • #387
  • Mar 13, 2016 4:33pm Mar 13, 2016 4:33pm
Quoting pawelfx
{quote} Hi atheer1. Above excerpt is unclear to me. Could you to show it in chart please ? Edit: 22nd Oct candle does not look like type1 in my chart... Did you mean 23rd Oct?
Attached Image (click to enlarge)
Click to Enlarge Name: 95.png Size: 84 KB
atheer1
  • #388
  • Mar 13, 2016 5:20pm Mar 13, 2016 5:20pm
Quoting atheer1
{quote} {image}
Great! Thanks for the chart

Just to clarify.. so if wick of the candle will not cross boreder (line) of the zone and will not extend into it but just touch the border of the next zone(candle no.6 in chart #95), we can still qualified that candle as a candle type1?
  • #389
  • Mar 13, 2016 5:31pm Mar 13, 2016 5:31pm
Quoting pawelfx
{quote} great! Thanks for the chart Just to clarify.. So if wick of the candle will not cross boreder (line) of the zone and will not extend into it but just touch the border of the next zone(candle no.6 in chart #95), we can still qualified that candle as a candle type1?
candle 6 chart #95 for my broker does extend by 0.5 pip in the zone======= type 1..............(what is about your broker?)
if the high or low is exactly at the line========type 3 for this use your discretion
atheer1
  • #390
  • Mar 13, 2016 6:19pm Mar 13, 2016 6:19pm
Quoting atheer1
{quote} candle 6 chart #95 for my broker does extend by 0.5 pip in the zone======= type 1..............(what is about your broker?) if the high or low is exactly at the line========type 3 for this use your discretion
With my broker (FXCM) this candle(no.6) high is exactly at the line 1.13500
  • #391
  • Mar 13, 2016 6:22pm Mar 13, 2016 6:22pm
atheer1
  • #392
  • Mar 14, 2016 2:58pm Mar 14, 2016 2:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: 96.png Size: 58 KB
atheer1
  • #393
  • Mar 14, 2016 3:05pm Mar 14, 2016 3:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: 97.png Size: 60 KB
atheer1
  • #394
  • Mar 14, 2016 3:15pm Mar 14, 2016 3:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: 98.png Size: 55 KB
atheer1
  • #395
  • Mar 14, 2016 3:19pm Mar 14, 2016 3:19pm
***q/

what is in common between chart 96 and 98 ?
atheer1
  • #396
  • Edited 4:03pm Mar 14, 2016 3:48pm | Edited 4:03pm
Quoting atheer1
***q/ what is in common between chart 96 and 98 ?
I noticed a similarity between charts 96 and 97 (not 98).
In both of them there is not only the "turn setup" but also the formation of a new bear zone by two successive bear candles.
I think that the new zone formation confirms even more the signal you get from the turn setup formation.
Atheer, when you are showing "turn setups" you dont show the 2 candle zones. And when you are showing the 2 candle zones you dont show the "turn setups". But sometimes the two signals coincide.
  • #397
  • Mar 14, 2016 4:12pm Mar 14, 2016 4:12pm
Quoting elios
{quote} i noticed a similarity between charts 96 and 97 (not 98). In both of them there is not only the "turn setup" but also the formation of a new bear zone by two successive bear candles. I think that the new zone formation confirms even more the signal you get from the turn setup formation. Atheer, when you are showing "turn setups" you dont show the 2 candle zones. And when you are showing the 2 candle zones you dont show the "turn setups". But sometimes the two signals coincide.
***you are right,turn setups are one of the ways to enter earlier in anticipation of zone formation which may be immediate or later on upon pullback of the price to area of s or r...........

***chart 96 and 98 share the character that those turns in 2 different currencies occurred at the same time...........
atheer1
  • #398
  • Mar 14, 2016 4:28pm Mar 14, 2016 4:28pm
Why not there sell GU ??

Attached Image (click to enlarge)
Click to Enlarge Name: GU why.png Size: 67 KB
  • #399
  • Edited 5:13pm Mar 14, 2016 4:57pm | Edited 5:13pm
Quoting kubiasty
why not there sell gu ?? {image}
if you are speaking about turn setup.....area highlighted does not contain any one.......
would you clarify your question......... THERE IS A BUY SETUP IN THE AREA BUT NO SELL ONE
Attached Image (click to enlarge)
Click to Enlarge Name: 84.png Size: 57 KB
atheer1
  • #400
  • Mar 14, 2016 5:31pm Mar 14, 2016 5:31pm
Was there any indication to prevent that?

Attached Image (click to enlarge)
Click to Enlarge Name: egh1.jpg Size: 384 KB


Daily trend was bullish
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