Hi Outman, Thanks for your inputs. Note taken. Makes alot of sense, especially the D charts. For this trade, lesson i learnt was, to wait for D RET AFTER the W candle CLOSED above the R. I took the trade based on the last D bar last week, which ...

Beyond the Candles

Update on USDCHF. M Chart : WPD - uptrend, with HH HL W Chart: WPD - uptrend, with HH HL, but the last RM was a LL? or the 2nd RM should not be counted as a HL? Last week candle closed above RM + W R, but price was below the Trendline. D Chart: WPD ...

Beyond the Candles

Hello to everybody. Just want to ask is there anyone trading with Oanda here? because I"m using Oanda's MT4 demo, and I noticed the close of each bar is at 00.00 EST. And I tried to compare my charts with the charts posted by members here, and it's ...

Beyond the Candles

Hi fxgroup, do you mind looking back into this post, and tell me, whether the confirmation of the Daily bars must come AFTER the weekly close (means the bars on the following week) or it can be represented by the LAST daily bar of the week itself ...

Beyond the Candles

[quote=fxgroup;6190110] Totally agreed and accepted. Thanks for enlightening me. well the W + M looks like forming a BULL wedge, let's see if the price would close above the upper channel with some bullish PA for Long entry . Once again, THANKS!

Beyond the Candles

[quote=fxgroup;6187671] Hi fxgroup, From your chart, there was a BUOB on the 3rd Daily bar after the price broke out of the RM/SW, and there was nca for confirmation. notice that the BUOB would signal a LONG entry, which possibly triggered the next ...

Beyond the Candles

[quote=fxgroup;6187671] Hi fxgroup, thanks alot for the reply. The Line i've drawn was from the M chart and it was a RN 103, and from the W chart, it respected that line quite well. I didn't draw any lines from the D chart as i assume it's less ...

Beyond the Candles

Hello FXGroup and fellow traders. Today, I did some backtesting on the EURJPY and i found something interesting. M: In RM. Price was in a long term downtrend, with RN103 being the passed through a few times. W: In RM, after a small uptrend. W price ...

Beyond the Candles

Hi FxGroup and all, this is my first post EVER in FF, after lurking around reading AWESOME threads like James16 and this. I've decided to apply this strategy because of it's simplicity and clear objective. I'm new to FOREX trading, and I'm still in ...

Beyond the Candles