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Beyond the Candles

  • #2,281
  • Jul 10, 2015 2:57am Jul 10, 2015 2:57am
Quoting rudy5
Thanks for the detailed answer. I understand So far I've gone through about 5 years of back testing using that software. It seems pretty hard to find those textbook entries that fxgroup posts. I get no more than 1 good entry every 2-3 months. I feel like there is still so much I don't see... Like when a big trend starts I usually miss it I'd love to see how you and fxgroup stay organized and keep track of up coming trades possibilities
This is why, like for other famous trading methods (i.e. trend following on daily timeframe), you are meant to keep a number of securities under scrutiny.

I have about 30 currency pairs, a couple of indexes and commodities and even large cap shares CFDs.

With all that stuff, even being decently picky, you get a trade every about 3 days. Considering most trades last more than 3 days, you'll actually have to cherry pick the best setups because your account won't be able to hold many open trades at the same time.
  • #2,282
  • Sep 22, 2015 8:43am Sep 22, 2015 8:43am
EUR/GBP
Time for MM. Price at important LVL. I await further instructions from price.
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  • #2,283
  • Dec 3, 2015 11:04am Dec 3, 2015 11:04am
ooh EU 😲
  • #2,284
  • Dec 7, 2015 10:58pm Dec 7, 2015 10:58pm
The EU seems to be without direction in the short term. However, the major trend is down. Fxgroup pls. Your silence is taking long. dfumagalli I miss ur comments
  • #2,285
  • Jan 14, 2016 6:53am Jan 14, 2016 6:53am
Tq FXGROUP.. you help me a lot in my trading.. simple and profitable
  • #2,286
  • Apr 5, 2016 9:31am Apr 5, 2016 9:31am
This is my first post on this forum & this is the forum i love very much but unfortunately no senior member(Fxgroup,uidro,fx_mig,dfumagalli,many more ..) is here for me ... hope someone will come to help me to learn this method .....
Please correct me IF my analysis is wrong (trying to learn & sorry for my poor English)
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Don't Predict Just React..
  • #2,287
  • Apr 5, 2016 11:02am Apr 5, 2016 11:02am
Quoting Nbr42
This is my first post on this forum & this is the forum i love very much but unfortunately no senior member(Fxgroup,uidro,fx_mig,dfumagalli,many more ..) is here for me ... hope someone will come to help me to learn this method ..... Please correct me IF my analysis is wrong (trying to learn & sorry for my poor English) {image} {image}
Welcome Nbr42. Now i'm in bed near sleep........tomorrow i explain you my view
  • #2,288
  • Apr 5, 2016 8:52pm Apr 5, 2016 8:52pm
Yes Nbr, this scenario it's ok , the P is in a strong downtrend. But WPD?? In M chart??W and D? This downtrend loosing power. This is not mean the P can't go to your TG but only that you have to be careful.
The RM in W chart, watching in D chart possible be H&S. Not sure but possible ,you have to consider this.
In D chart have a RM that give us a new level of S.

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  • #2,289
  • Apr 10, 2016 12:53am Apr 10, 2016 12:53am
Quoting uidro
Yes Nbr, this scenario it's ok , the P is in a strong downtrend. But WPD?? In M chart??W and D? This downtrend loosing power. This is not mean the P can't go to your TG but only that you have to be careful. The RM in W chart, watching in D chart possible be H&S. Not sure but possible ,you have to consider this. In D chart have a RM that give us a new level of S. {image} {image} {image}
Thanks for your nice explanation .... What is your view in USDCAD ? Is it valid H&S ?
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Don't Predict Just React..
  • #2,290
  • Dec 5, 2016 7:48am Dec 5, 2016 7:48am
Nice to be back !!!
Nothing personal,just business
  • #2,291
  • Dec 5, 2016 9:54am Dec 5, 2016 9:54am
On my radar....
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Nothing personal,just business
  • #2,292
  • Dec 5, 2016 3:30pm Dec 5, 2016 3:30pm
If you have read the thread, you know what PTT&TTP means .....and this is mine for Brent Crude Oil
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Nothing personal,just business
  • #2,293
  • Dec 6, 2016 7:28am Dec 6, 2016 7:28am
The M candle closed as PB bearish...as the P is within RM, the PB's tail tells us that the P get out of the RM and turned back. When the P turns back in bearish direction within the RM ,the old R will act again as R in order to push the P lower first to RM's ML and then to its S....
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Nothing personal,just business
  • #2,294
  • Dec 6, 2016 11:13am Dec 6, 2016 11:13am
The safiest way to trade a bullish / bearish H&S is to trade the NL's confirmation as S / R...here is an exemple I keep on my radar. In this case the P was so kind to ofer me a well delimited RM just below the NL as an alternative in case it is not possibile to sell it at the NL level...all I have to di is waiting for sellers information at the RM R or waiting for the P to close below the RM and its confirmation as R
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Nothing personal,just business
  • #2,295
  • Dec 6, 2016 4:09pm Dec 6, 2016 4:09pm
Hi FxGroup, You are my hero. I have been hooked with this thread ever since i read it first and I'm so glad that you have returned. . I have kept revisiting the forum for your return.

Can you please confirm with me. When a bar breaks through a range market resistance level on a higher time frame. Do i have to wait for a ret on the same time frame before i start looking for daily ret?
Many Thanks.
  • #2,296
  • Dec 6, 2016 4:47pm Dec 6, 2016 4:47pm
Hi fxgrad and thanks for your kind words.

We have 2 very important concepts:

Information= what the P is tells us when the higher TF close above / below an important level ( in that case the S / R of a RM ) and we understand that the buyers / sellers are in RM's control

Confirmation= when we have the D PA ONLY AFTER the higher TF information.

Any other trade based directly on D without higher TF information, has a higher risk...I do not say that at some level or in some situations we can not do it, but we have to be aware of the risk and most of all we have to adapt our MM to given circumstances.

Look at the chart below where the W candles close above the level as buyers INFORMATION and 2 weeks after the P gives us the D BUOB as CONFIRMATION
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Nothing personal,just business
  • #2,297
  • Dec 7, 2016 2:46pm Dec 7, 2016 2:46pm
Fantastic FxGroup! Thanks for the explanation. I was confusing myself because i would see chart examples with the breatkout followed by a ret on the same time frame before entering but you have made it clear. Thanks.

I have added some levels and boxes in red in the attached pic below to your original post. Can you tell me if i am finding potential areas of breakout and ret correctly?
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  • #2,298
  • Dec 8, 2016 1:15am Dec 8, 2016 1:15am
Well done...remember to trade breakouts only with the trend !
Nothing personal,just business
  • #2,299
  • Dec 8, 2016 11:38am Dec 8, 2016 11:38am
Nice to see finally some movement
  • #2,300
  • Dec 8, 2016 3:24pm Dec 8, 2016 3:24pm
Great, thanks Fxgroup! I have another question.
When looking for important levels. Is it a good idea to look back at history and draw the level from the very first reversal/price reaction causing for all other price to fluctuate from or do you analyse how the price reacted through out the chart and make a decision from where the price reacted the most?
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