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Overlapping Candles

  • #61
  • Jun 8, 2016 7:28pm Jun 8, 2016 7:28pm
"OC"-Life Account; Beginning Date: 2016 June 06
actual: +3.7%
  • #62
  • Jun 8, 2016 7:35pm Jun 8, 2016 7:35pm
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FREDERIC CHOPIN NOCTURNES complete 360p
  • #63
  • Jun 8, 2016 7:52pm Jun 8, 2016 7:52pm
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Debussy, Suite Bergamasque. Claudio Arrau, piano


The final title of Suite bergamasque comes from Verlaine's poem Clair de Lune, which refers to 'bergamasques' in its opening stanza: Votre âme est un paysage choisi / Que vont charmant masques et bergamasques / Jouant du luth et dansant et quasi / Tristes sous leurs déguisements fantasques.
https://en.wikipedia.org/wiki/Suite_bergamasque
  • #64
  • Jun 8, 2016 7:54pm Jun 8, 2016 7:54pm
Quoting Jfx
{quote} It's easier to look up information on the internet when people use the right name instead of making up their own names for chart patterns. Here you go. http://tradingsim.com/blog/stick-sandwich/
nutcase!
  • #65
  • Jun 8, 2016 11:34pm Jun 8, 2016 11:34pm
Quoting Forexcube
{quote} #55 No it is, but engulfing candles are very important but not in the "OC"-concept. In "OC" you could also focus a chunk of candles with a bundle of others and this in fact on another time frame. It must not have to be the same time algorithm. You could also point out different index candles. Engulfing means the candle just before not the e.g. fifth or the twelfth. FXcube
It seems to me that your methodology is very interesting to me.

Please keep it up.

yours,
shunfengcn
The candle pattern is the signal, the inevitability behind it is the key.
  • #66
  • Jun 9, 2016 3:27am Jun 9, 2016 3:27am
Quoting Forexcube
I'm not expecting a great breakout at the Nasdaq tomorrow. So I take a look at NAS100USD, M30 chart and notice that the price is moving around somewhere its middle level (ML). Good aspects for me for a hedging order. The actual price is 4'519 & one open order is still in the market (Short @ 4'514.1). I take one Long order now: NAS100USD, Long @ 4'519.1, Target @ 4'528 Take a look at the M30 chart below, please. (1)Selcet the lowest (L) & highest level (H). (2) Search the next larger quantity of candles in continuation of the line. In this example...
Can you spend some time and explain it in proper way. It is 4th page and I can't understand what you are trying to explain. What is UL ? You making your own words for LH ?

You have S/R or suplly and demands levels, your LL and HH, what next you are doing I have no idea

As far as I understand you are trading range, and trying to buy low of range and sell high, is that correct ?
Even though I walk through the darkest valley, I will fear no evil
  • #67
  • Jun 9, 2016 3:31am Jun 9, 2016 3:31am
Why did you buy it ?
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Even though I walk through the darkest valley, I will fear no evil
  • #68
  • Jun 9, 2016 4:19am Jun 9, 2016 4:19am
Quoting monocor
Why did you buy it ? {image}
#68

You could also buy at deeper prices, monocor, say C2, D3 or E3, in post #33. These points are located more in the extreme zone.
I want earlier get into the market and would buy again some more long orders later on, if the market will really enter into the extreme zone.
The probability seems a little bit smaller, that the market price will enter in this extreme area.
The market could also go just now upwards, maybe coming later back again, eventaully more downstairs. We don't know!
Carry on a trade includes counting in probabilities, to calculate in likelihood ratios.
What I have to do is now to count with a proper risk & money-management & the possible extreme points give me an oriantation of the maximal risk.
FXcube
  • #69
  • Edited 4:37am Jun 9, 2016 4:22am | Edited 4:37am
NAS100USD, H4, 2016 June 09

Long @ 4'507.4, Target @ 4'525

Be aware that the price could go more downside (e.g. ~4'490, ~4'480) albeit with lesse probability values.
It's a long order and therefore all "2" are possible entry points with different likelihood ratios and "1" are exit opportunities.

The solid lines give an overview about the intersection points.
The extreme point "1" traverse only with 3 other candles, so also "2" in this case here.

Maybe I should wait and buy NAS100 at a lower price but it could also be that the market change now in the other direction & I'm left with nothing.
I have decide to take the rik over, to buy at 4'507 with a risk of 4'480, maybe buying then one again but my actual risk tolerance & monmey-management would not accept this decision.

Most part of the currency trading with the "OC"concept is to weigh the odds, to balance reasons, to trade off sth. against sth..
FXcube
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  • #70
  • Edited 4:58am Jun 9, 2016 4:44am | Edited 4:58am
Quoting monocor
{quote} Can you spend some time and explain it in proper way. It is 4th page and I can't understand what you are trying to explain. What is UL ? You making your own words for LH ? You have S/R or suplly and demands levels, your LL and HH, what next you are doing I have no idea As far as I understand you are trading range, and trying to buy low of range and sell high, is that correct ?
#67

In this case you refer to (#60) it is not so, due to the fact that this order was opened in the middle of a range at M30 basis if only because one short order is running still in the market, otherwise I would have opend a hedging order composed of one order long & one order short around 4'519 as described above in post #60.
If you read my comment correctly you would notice that "UL" is accuratley described as "upper line" in contrast of the "lower line". You could also say "superior", "top", "upper...bracket"...

...& the next what I do is described in p.1,#1...
"This should be a thread for traders who have patience and the logic to transfer the examples in a right way.
If you keep watch hard rules (e.g. like fibonacci) or like to hit the ground running (e.g. some simple definitions) so this thread could not be the right place for you.
Maybe that the "TASAYC"-Strategy could fit better for you.
If you have no patience go away at first. Maybe it's better to read in a couple of weeks the first 20 pages or so."
  • #71
  • Jun 9, 2016 9:44am Jun 9, 2016 9:44am
Quoting Forexcube
"OC"-Life Account; Beginning Date: 2016 June 06 actual: +3.7%
#61

"OC"-Life Account; Beginning Date: 2016 June 06
actual: +10%
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  • #72
  • Jun 9, 2016 1:17pm Jun 9, 2016 1:17pm
NAS100USD, H1, 2016 June 09

...maybe some orders more worth in this "1"-"2"-range again here & there.
Possibilities seems to be for a smaller profit.
The market should close soon & smaller volatility till next opening should be expected.
Let's see.
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  • #73
  • Jun 9, 2016 3:19pm Jun 9, 2016 3:19pm
Quoting Forexcube
{quote} #61 "OC"-Life Account; Beginning Date: 2016 June 06 actual: +10% {image}
#71

"OC"-Life Account; Beginning Date: 2016 June 06
actual: +15%
Attached Image
  • #74
  • Edited 8:02pm Jun 9, 2016 7:40pm | Edited 8:02pm
AUDNZD, Weekly, 2016 June 10

Far afield from the "extreme events" (in red "1" & "2") I go Long the first time now, maybe at deeper prices once more again.
The market price is moving around at the top of the bottom third (black "1") which seems a fair price for a first careful action.
Money- & risk management should be adapted for some further "predictive probabilities", - a possbile second entry long (~1.0168) & mabye a third one around 1.00345, if so.

High confidence
There seems also some mathematical reliable values for the "likelihood", for "conditional probability" & for the "Laplace probability".
Let's see.

AUDNZD, Long @ 1.04338, Target @ 1.09280
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  • #75
  • Jun 9, 2016 8:15pm Jun 9, 2016 8:15pm
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The Best Times to Trade the Forex Markets
  • #76
  • Jun 9, 2016 8:16pm Jun 9, 2016 8:16pm
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What the brokers don't tell you - Forex Trading for Beginners
  • #77
  • Jun 9, 2016 8:20pm Jun 9, 2016 8:20pm
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The Importance of Trading Multiple Timeframes

Veröffentlicht am 27.09.2013
People imagine trading like mission control with dozens of screens all round and some traders indeed like that. However in some kind restricting the amount of data helps to clarify the wider picture. I think you can trade perfectly find on delayed charts although clearly if you are trading 5 minute timeframes this wouldn't work. Having discussed patterns and trends, a central pillar of my trading activity surrounds the notion of trading multiple time horizons analysis which is that we look at any one market from the perspective of a daily, weekly and monthly chart and we want them all to be aligned in one direction. That's a perfect trading situation for me. I don't want to see one market with a bull signal and one market with a bear signal.

Many traders will try to look at multiple time frames and wait until all the lights are green. I don't know what they are looking at and they certainly do not have a plan if one light turns red.

In many instances traders are faced with different and contrary signals. A daily or weekly trader would probably be long on a particular stock. While most intraday traders would be short right now...

Intraday and short time frames will have a trader making more trades than a daily or weekly. The shorter intraday trader can trade with less risk per trade than the longer term time frame trader. An intraday trader can use smaller percentage stops than the daily or weekly trader.

Pick one time frame, and make your trading signals in that one time frame. It drives me crazy when these market timing newsletters issue analysis on daily, weekly and 60 minute charts. Who cares? I only care about the time frame in which I need to make a decision.
  • #78
  • Jun 9, 2016 8:22pm Jun 9, 2016 8:22pm
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Risk Management and Technical Analysis in Markets

Veröffentlicht am 24.10.2013
Mark Sturdy comments on managing risk when trading trends and patterns. We've talked about how to recognise trading opportunities in the market whether this is the beginning or end or a trend or the completion of a pattern but discovering an opportunity and exploiting it is only one half of a good trade; the other half being to control risk. It is often said that there are no great traders; only great risk controllers. How do we control risks in terms of trends and patterns. We don't trade the failure of a pattern, we only trade the completion of a pattern. We should cut trades if the completion of a pattern is negated by a negative move and take profits when the target is reached. It should be simple but we know that chart theory is a question of probabilities so we need to manage trades. We also never look in just one pattern in isolation. The risk reward ratio is set by a chart not by the trader.
  • #79
  • Jun 9, 2016 8:23pm Jun 9, 2016 8:23pm
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Reversal Patterns: Bars, Head and Shoulders Reversal

Veröffentlicht am 24.10.2013
Analysing Reversal Patterns. http://www.financial-spread-betting.c... Mark Sturdy Comments. Reversal Patterns are patterns that reverse the preceding trend; they don't necessarily reverse it but they oppose it. What kind of price action can achieve that? The classic is a multiple top or bottom whereby you have a preceding trend and you have a double or triple top or more. They have to reverse at moreorless the same level and the pattern completes on the breakout. The moment of reversal is the moment of completion. A classic is the head and shoulders reversal pattern but there are also other patterns like key reversals.
  • #80
  • Jun 9, 2016 8:25pm Jun 9, 2016 8:25pm
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Bar Charts versus Candlesticks

Veröffentlicht am 13.10.2013
I consider a bar chart to be superior to a candlestick chart. There is no information in a candlestick that you can't find in a bar chart. The first point of difference between bar charts and candlestick is that a candlestick places as much emphasis on the direction of travel between open and close of a day's trade as it does between the high and the low of the day's trade. The bar chart has the open and close but emphasises the high and low of a day's trade. I believe the high and low of the day to be more important than the direction of travel.
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