Hi Porfirio,Originally Posted by ;
To understand your TSL egy somewhat better, on this preceding EURJPY trade did you proceed your SL up after the 4hr TMA pivot on the 15th Sept, or did you take the full reduction at the first SL position?
Hi Porfirio,Originally Posted by ;
To understand your TSL egy somewhat better, on this preceding EURJPY trade did you proceed your SL up after the 4hr TMA pivot on the 15th Sept, or did you take the full reduction at the first SL position?
Hello AF,Originally Posted by ;
The reason why I posted all of the above charts was to provide everyone a general image. As I mentioned previously in one of my articles, what is really important is to take a look at the bigger picture. If I wished to provide a bias I'd have shown a yearly chart starting from 2007 for example. But that wouldn't be the entire story... We are in the close of the month and also in the end of the 3rd quarter. How bearish does the overall CHART (not candle) look on bigger tfs? Perhaps you have broken any major lows up to now? Consider the charts; look at the entire thing starting all of the way from the left starting with yearly chart.... We have struck a major WDZ and price . Now will we have the ability to bounce back up from here, we'll see.... Will we breach this zone and print new lows, we find out. I am here on this pair awaiting to see price will digest this specific area. For me, price this is cheap to sell, I wait to buy once the dust settles. We cannot forecast the future. We do this by being reasonable, objective and flexible through eyes.
Below is an alternative view of higher tfs...
Hope this helps...
Cheers,
CB
This is also something I like to perform. Those give me a rough image of a 5 year and 3 year candle chart.
I don't understand why, but strange numbers have consistently worked better for me, and these two are those I use in most of my TA.
Great weekend to you,
Chantal
Chantalb, thanks to the individual explanation. The pics with your notes really help! I feel like SUCH a noob! HAHA! (But I am studying, with your aid and several other here in FF.) Well, not a noob anymore, but maybe a sophomore.Originally Posted by ;
It seems so obvious when you see it laid out like that! I think that it's because you're a teacher, too. There are few bars on a yearly chart that I never thought there was whatever else, or any fad, to see! Now I can view it. It makes sense that each OHLC degree on yearly has to be a major degree on a lowly TF. Same for Rs to monthly/weekly, etc..
I do remember you posted this in the start of the thread. I'm learning how to actually do it!
I need to practice this particular perspective.
Everyone have a nice weekend!
If you go the sl, shandy
the tendendencia is your friend .... You should go with the trend ... your uses a sma or ema 100 or 200
I know I am going against the trend I ... I never would in real ... I am just practicing
h4 practiced with peers that are going to tendency (article 690) ... because now there are not any in d1
also it won't reevaluate your life
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You stay with all the teachings of chantalb
must use the creativity, think!
I have served my chantalb grand egy? ... when I visit a d1 configuration on I know I will go and make a lot pips in reduced tf
if you just you just copy what you see . . You will lose
gbp-cad example .... There was a configuration in d1 ... I have gone into a easy sma 100 (BB100) in h4 and have entered
you have to produce your egies . . that works for you
For trading nowadays with pivots Pivots are acting . .But basically you cant exchange with pivots . .Use some Sort of pivots and less risk and reward to acquire this Sort of trading
AUDUSD
Closed my AU short for 134 pips. For me that's spectacular! Now price is currently retracing. Waiting for PP high sign and market.
Monthly: Either broke a service TL or made a new low point. But large bearish candle appears great for bear. 0.9500 is montly SR therefore it may bounce.
Weekly: 5 bear weeks in a row. Went through consolidation zone and is at the base of the zone. Last week was a large rejection bar, bearish outlook
Daily: Consolidation last 2 weeks. Retrace a week, high bounce around 8/7 low. Waiting for price this week, to reveal the manner.
Hi Guys
Thank you Chantalb - great system and thread.
I noticed PPs on the Aud/ Cad/ AudJpy and CadJpy that would have triggered now but didn't retrace enough for entry. I am nevertheless assuming that state in
the event of Aud in which a good looking low test bounced off the 0.94 level (and infact the others too) that the overall tendency would have gone and so there was no trade?
Looking back at resistance and encourage these markets seem to be at the expansion of broad channels. In the instance of the Cad strong resistance around 1.06 (top of station) has a bottom around 0.94. The 200 ma is currently 0.9889.
Does this mean that we cannot short this market until it is under the 200 ma.
If so then the majority of the channel transfer is going to be dropped. Am I confusing the meaning of 'the tendency' or is it just below or above the 200 ma on the Daily chart.
Many thanks to any help.