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Beyond the Candles

  • #2,321
  • Edited 4:45pm Dec 12, 2016 4:25pm | Edited 4:45pm
Nederland...ASM INTERNATIONAL-43.84
Nothing personal,just business
  • #2,322
  • Dec 13, 2016 3:00am Dec 13, 2016 3:00am
Quoting fxgroup
Nederland...ASM INTERNATIONAL-43.84
yr sup in this case is 22.78 and consolidation 2013-2014 lev 34 - 35.5 ,but long term trend is bullish, nw depend on yr close .
  • #2,323
  • Edited 4:23am Dec 13, 2016 3:44am | Edited 4:23am
Hi (All)

What do you think about WTI 52.13 RET, too low , I guess gap is not cover , TG 55.77 as very pricised.
We had 1 st ret in bullish strong move .
  • #2,324
  • Dec 13, 2016 5:30am Dec 13, 2016 5:30am
Quoting Dariusz
Hi (All) What do you think about WTI 52.13 RET, too low , I guess gap is not cover , TG 55.77 as very pricised. We had 1 st ret in bullish strong move .
WTI....53.86 on my chart
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  • #2,325
  • Dec 13, 2016 5:39am Dec 13, 2016 5:39am
Quoting Dariusz
{quote} yr sup in this case is 22.78 and consolidation 2013-2014 lev 34 - 35.5 ,but long term trend is bullish, nw depend on yr close .
1 chart worths 1000 words...what about 2 charts ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ASM M.png Size: 48 KB
Click to Enlarge Name: ASM D.png Size: 45 KB
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  • #2,326
  • Dec 13, 2016 6:55am Dec 13, 2016 6:55am
Quoting fxgroup
{quote} 1 chart worths 1000 words...what about 2 charts ? {image} {image}
I operate on numbers in my opinion it is better then candles . Candles are based on price as other indicators ;-)
Old fashioned traders operated only by numbers .
  • #2,327
  • Dec 13, 2016 1:27pm Dec 13, 2016 1:27pm
This a trade that me and my trader colleague we have made last week based on the concepts presented in this thread. The most important market's structure is RM..simple as that.
The P is within the RM with sellers that put the PB as 3T ( Triple Top ) at RM's R and this was the confirmation that the sellers are in RM's control. The RM's S became the TG.
If you have read my previous post about one criteria sellection of the PB you will notice how the PB's body was away from the R level and let to the P the space to RET till the RM's R. Partial profil allready taken and SL in safe...NEVER,NEVER close a winning trade !! BRN end exhaustion BUOB had an important role in trading decision also !!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 58 KB
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  • #2,328
  • Dec 14, 2016 6:36am Dec 14, 2016 6:36am
CTXS

If the P will close above 89.14 then 106.26 will become the next TG. The fact that betwen those levels we do not have S / R levels, will help the bullish momentum.
All we have to do is waiting for the M candle to close above the level as buyers information and then for D confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: CTXS.png Size: 37 KB
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  • #2,329
  • Dec 15, 2016 12:07pm Dec 15, 2016 12:07pm
NZDUSD=bearish cup&handle
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  • #2,330
  • Dec 15, 2016 12:43pm Dec 15, 2016 12:43pm
Quoting fxgroup
NZDUSD=bearish cup&handle
On which TF can you show by a chart please ...
Don't Predict Just React..
  • #2,331
  • Dec 15, 2016 1:15pm Dec 15, 2016 1:15pm
Quoting Nbr42
{quote} On which TF can you show by a chart please ...
W+D
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Click to Enlarge Name: C&H.png Size: 27 KB
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  • #2,332
  • Dec 16, 2016 3:33pm Dec 16, 2016 3:33pm
Quoting fxgroup
{quote} Here we are... the buyers start to put some pressure on 53 level....please do not rush...wait for buyers to take control of the level first !
Have you ever paid atention to this post ?

Have you ever had the curiosity to read the P on your chart ?

Have you ever asked yourself what do I mean with " wait for buyers to take the level's control " ?

Please, take a look on your BCO chart !
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  • #2,333
  • Dec 17, 2016 3:37am Dec 17, 2016 3:37am
Very good points Fxgroup. It makes a lot of sense to trade with market structure of the higher time frame. You made me understand when you explained WPD as what is the market structure (up trend, down trend, static range or dynamic range also patterns such as head and shoulders). I have not come across the cup and handle before.
  • #2,334
  • Dec 19, 2016 6:16am Dec 19, 2016 6:16am
Once you will understand WPD+WPG on higher TF all you have to do is making your list of selection criteria for D entries. It is also important to respect the higher TF's levels and TGs.
Nothing personal,just business
  • #2,335
  • Dec 21, 2016 2:38am Dec 21, 2016 2:38am
Quoting fxgroup
{quote} Have you ever paid atention to this post ? Have you ever had the curiosity to read the P on your chart ? Have you ever asked yourself what do I mean with " wait for buyers to take the level's control " ? Please, take a look on your BCO chart !

On W chart we have a very strong and clear 53 level as R. Once the P close above it as information,all we have to do is waiting for buyers confirmation.

MM allready done and the SL previous the last SW
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BCO W.png Size: 89 KB
Click to Enlarge Name: BCO D.png Size: 104 KB
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  • #2,336
  • Dec 23, 2016 10:53am Dec 23, 2016 10:53am
I would like to wish you and your families HAPPY CHRISTMAS !!!!
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  • #2,337
  • Dec 23, 2016 4:29pm Dec 23, 2016 4:29pm
Merry Christmas Fxgroup and everyone! Hope you all have a great time!
  • #2,338
  • Jan 2, 2017 1:31pm Jan 2, 2017 1:31pm
Happy New Year all of you !
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  • #2,339
  • Jan 3, 2017 3:49am Jan 3, 2017 3:49am
NZDUSD...on this pair we have two patterns: H&S and cup and handle...the TG is 0.6470
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 62 KB
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  • #2,340
  • Jan 3, 2017 10:59am Jan 3, 2017 10:59am
Quoting Dariusz
Hi (All) What do you think about WTI 52.13 RET, too low , I guess gap is not cover , TG 55.77 as very pricised. We had 1 st ret in bullish strong move .
WTI

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