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Daily Chart 3-Candle

  • #281
  • May 15, 2018 11:48am May 15, 2018 11:48am
Hi Sinoneg,

What did you EDIT yesterday on page 1 ???

BUYING & SELLING REJECTION LEVELS??

What else plz, let me know. thanks,
  • #282
  • May 15, 2018 12:01pm May 15, 2018 12:01pm
Quoting loveandpeace
Hi Sinoneg, What did you EDIT yesterday on page 1 ??? BUYING & SELLING REJECTION LEVELS?? What else plz, let me know. thanks,
Hi loveandpeace,

Only the buying and selling rejection levels section was added.
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  • #283
  • May 15, 2018 12:20pm May 15, 2018 12:20pm
Quoting simoneg
Long Bullish 123 on EURUSD Daily. It may go a bit lower to the bar#2 close price, if it does I will buy again! USDX also at the sell price of the Daily bearish 123 from last week. {image}
EURUSD H4 has now closed back above the SELLING REJECTION LEVEL and the DAILY 123 BUY SETUP remains valid.
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  • #284
  • May 15, 2018 12:23pm May 15, 2018 12:23pm
Quoting simoneg
USDCAD still has some more room to go up, heading into critical buying rejection levels. Zooming out on the H4 you can also see a huge bear crown, so watching keenly for shorting in this area, keeping buying short term right now. {image}
USDCAD has failed to go higher at all BUYING REJECTION LEVELS and H4 just created another buying rejection level. Coupled with that, the USDX has failed at last weeks BUYING REJECTION LEVEL creating a double top. Let's see how these levels hold up on the 1 hour.
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  • #285
  • May 15, 2018 12:53pm May 15, 2018 12:53pm
Long EURUSD at H4 SELLING REJECTION LEVEL.
Attached Image (click to enlarge)
Click to Enlarge Name: EULONG.png Size: 90 KB
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  • #286
  • May 15, 2018 12:55pm May 15, 2018 12:55pm
Short USDCAD at Daily, H12 & H4 BUYING REJECTION LEVELS.
Attached Image (click to enlarge)
Click to Enlarge Name: ucSHORT.png Size: 88 KB
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  • #287
  • May 15, 2018 1:15pm May 15, 2018 1:15pm
Out of these trades -8pips folks. We're back below EU H4 SELLING REJECTION LEVEL. Selling continues. Also H1 Bearish 123
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  • #288
  • May 15, 2018 10:24pm May 15, 2018 10:24pm
My next homework:

Buying Rejection levels are found at the HIGHEST BULLISH CLOSE PRICE of a Swing Low.
Selling Rejection levels are found at the LOWEST BEARISH CLOSE PRICE of a Swing high.

can i interpret like this:

Determine the direction
these level are the valid setup on daily timeframe, and we inspect it on smaller timeframe like H4 and H1, draw the daily level, and we switch to smaller TF, apply the 123 pattern and see the reaction for these level to determine the direction of the price either reject up (to sell), or reject down (to long).

Important level to watch out in future?
once we had those level drawn, when price revisit these level in future, we need to pay attention to its reaction?

is that correct?
  • #289
  • May 16, 2018 4:44am May 16, 2018 4:44am
Audusd 1h buy
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180516-124306.png Size: 159 KB
  • #290
  • May 16, 2018 7:00am May 16, 2018 7:00am
Quoting EVolta
My next homework: Buying Rejection levels are found at the HIGHEST BULLISH CLOSE PRICE of a Swing Low. Selling Rejection levels are found at the LOWEST BEARISH CLOSE PRICE of a Swing high. can i interpret like this: Determine the direction these level are the valid setup on daily timeframe, and we inspect it on smaller timeframe like H4 and H1, draw the daily level, and we switch to smaller TF, apply the 123 pattern and see the reaction for these level to determine the direction of the price either reject up (to sell), or reject down (to long)....

Hi EVolta,

That is correct. Also watch these areas on newly formed/forming swings.
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  • #291
  • May 16, 2018 7:11am May 16, 2018 7:11am
Quoting ficibald
Audusd 1h buy {image}
Nice looking trade ficibald. Sitting above three H1 buying rejection levels, in favor of buying.
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  • #292
  • May 16, 2018 7:18am May 16, 2018 7:18am
Happy trading everyone. I'm off today.

Bless.
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  • #293
  • May 16, 2018 7:22am May 16, 2018 7:22am
i bought NU because of weekly selling rejetion line and a 123 H4 buy signal
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 62 KB
trading is like dancing, don't think and just listen to the music!
  • #294
  • Edited 10:18am May 16, 2018 8:03am | Edited 10:18am
Looking like strong reversals likely today. EU at two WEEKLY SELLING REJECTION LEVELS at 1.17714 and 1.17609.
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  • #295
  • May 16, 2018 8:53am May 16, 2018 8:53am
Quoting simoneg
{quote} Nice looking trade ficibald. Sitting above three H1 buying rejection levels, in favor of buying.
Thanks simoneg. TP hit
  • #296
  • May 16, 2018 9:00am May 16, 2018 9:00am
Quoting ficibald
{quote} Thanks simoneg. TP hit
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  • #297
  • May 16, 2018 12:47pm May 16, 2018 12:47pm
Sell usdjpy 4h
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180516-204616.png Size: 157 KB
  • #298
  • May 16, 2018 12:54pm May 16, 2018 12:54pm
First attempt, entry based long rule, but the opposite (sell), because long rule does not valid.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.PNG Size: 27 KB

not sure is pure luck or what very interesting strategy.. thanks Simon
  • #299
  • May 17, 2018 1:34am May 17, 2018 1:34am
Forming short setup on 4h?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180517-093312.png Size: 140 KB
  • #300
  • May 17, 2018 3:01am May 17, 2018 3:01am
Quoting ficibald
Forming short setup on 4h? {image}
Maybe a long.. see H1
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