Relation between 450 and 30 minute candle chart in AUD/CAD

Corelation between 450 and 30 minute candle chart

In order to see the trend, we need to check out the big chart.

In order to see the real time movement of the wave, we need to compare both big and small chart.

It is one of very important rule of mine, no satisfying with this condition, I am very scared to enter this game.

I wish you to be one of mine after prudently reading it, because it is essential knowledge to know chart world, unless we are meant to entirely bland for comparison with size of wave and its displacement.

This AUD/CAD(audcad)is displaying for good example of meaning of timeframe and it’s relationship. After Contrasting to both 450 and 30 minute chart to catch the sensation of time as well as of size of wave, we may feel not only where we are but also how it is big and small of wave.  Let us compare timeframe with Relation between 450 and 30 minute candle chart.

450 minute candle chart

To know first the trend I love to review big chart and zoom in/out the inside circle of 5ma in 450 minute chart. Consequently to know the inside live show of this big chart, I never stingy about inquirer to 30 minute chart.    

For insistence

See carefully 5ma inside of 5ma

Do you think that 5ma is turning up or down?

If you are sure, you may be a big fortune.

To my knowledge, it will be up

But.  

1) How big wave? (Shortly it will be double size of ② so that another duplicated triangle size of ③

2) How come?  (it is a long story ,let us see the chart)

①     is my formation of moving average(ma) 5,10,20,60,120,240ma. I wish you to remember it and its color too, specially 5ma of purple line  

②     is symmetrical triangle, tracing ④⑤②( Can you get it?)

③     is supposed to same length of ②

④     is upper trend line of symmetrical triangle

⑤     are both down trend line of symmetrical triangle and ladder pattern trend line

⑥     is upper trend line of ladder pattern trend line

Hence

With the macro view of 450 minute chart, you may know where you are and what size of wave you are swimming now.

Regardless of its target price of ③ which is another equivalent size of ②, let us play with ladder pattern until the upper ladder pattern trend line of ⑥ is breakout. As soon as the ⑥ is breakthrough, it will be signal of ②

30 minute candle chart

In order to tease the ladder pattern of ⑤⑥, it may be very convenience for us to see detail information in 30 minute chart  

How do you feel from this 30 minute chart?

Dizzy?

All the line such as moving average (ma) and trend line is simultaneously enlarged. We can see more comfortably what it is going on.

Especially do not miss the 120ma (grey line) which is equivalent of 10ma in 450 minute chart.

It has been happening to superposition of double tops as well as positive arrangement of all moving average (ma)      

15 days later of EUR/GBP 30 minute chart

15 days later of

EUR/GBP

30 minute chart

It was First day mentioned (July 6) that someone asked for proper timing for bullish phase.

Please review preview post to remember what I said

The issue of this EURGBP is whether it is possible to take a position for downtrend line again or not?

Yes!    

It is providing with another opportunity for down trend position

I draw it

You check it

①     is First day mentioned (July 6) which I asked by Mr. David

②     is 15 candle since then.

③     Expected downtrend line, providing with another opportunity for down trend position

So that you may take a chance again

Good luck!

Yours Cassandra 

9 days later Daily chart of USD/CAD

9 days later 

Daily chart of

USD/CAD

I have posted it since 9days ago ( USDCAD )

I wish you to review the previous post and check out what I said

And to hand over this item with this final post

Because I want to anchor this journey for another trip

Good luck!

①     is triple bottom since I mentioned

②     is double top confluence with ④

③     is retesting signal of stochastic ,supposed to keep on downtrend

④     is down line of Bollinger bands “V” signal (please review the past blog)  

Daily chart of EUR/CAD

Daily chart of

EUR/CAD

This is another good example for stochastic “Dead cross” signal in the combination with Bollinger 

bands

①     is dead crossed signal of stochastic

②     is the down line of Bollinger bands which is supposed to be reacted by the supported line

Therefore

This ( EUR CAD)  information will be useful for you if you make up your mind for downtrend line.

Good luck !  

Two days later Daily chart of USD/CAD

Two days later 

Daily chart of

USD/CAD

Yesterday I said about USD CAD

“You may keep it until the dead cross of the stochastic”

What is meaning of that?

Let us see this signal

  

①     is stochastic and signal of “Dead cross”

②     is the down line of Bollinger bands for signal of “V”

Both signals have been simultaneously confluence     

Seven days days later of EUR/GBP 30 minute chart

Seven days later of

EUR/GBP

30 minute chart

Do you respect the trend according to monthly chart (see previous chart and how it has been begun?)

As long as you never do defiance downtrend (bearish phase)

You must be enjoying this!

Keep going until what I said on the monthly chart 

One day later Daily chart of USD/CAD

One day later 

Daily chart of

   USD/CAD

Not too much talk  but just contrast to A day ago chart.(usd cad)

Also i wish you Compare always between real posted time and this Korean time

since it is real time ( on air show)   

You may keep it until the dead cross of the stochastic  

Five days later of EUR/GBP 30 minute chart

Five days later of

EUR/GBP

30 minute chart

Hello again 

I need to come back here to 

Withdraw my Apology!?

Once I apology here for my tiny difference of calculation

Do you remember it?

 “① is highest price reached today 0.79699 but I expected with 0.797468. it is a big difference or more or less forgivable error?”

It was calculated as the originally expected price 0.797468

And I did Apology so that I modified price 0.79699

Slightly, very slightly it was error  

But by and large it is almost reached at original price which I told you five days ago

Because today it is reached 0.79805 which is closer than 2days ago (Final price 0.79805)

Hence

I may withdraw my Apology!?

As you can see

The price has deeply and startlingly been falling down by way of recoiling reaction. This is reason why we should respect the trend but not defiance or rebel against it     

Daily chart of USD/CAD

Daily chart of

USD/CAD

This is USD dollar against Canadian dollar (USDCAD) of daily chart

Shall we see what is going on?

I have known so many traders, Elliot wave and even Fibonacci fellows

Perhaps some of my readers so do them or will do as fellows of that theory

I have been dying for asking them

” is it working? I means truly? Nothing but truly?”

It is assuredly bizarre for me whenever I heard from them that it works well.

This is what they said E wave of Elliott’s wave principle

To me it is a most dangerous tool to entry with it

I would rather ignore E wave

But this.     

①    is stochastic first bottom

②    is second bottom, so called, the double bottom and so to speak it is happened “divergence” with candle

③    is Bollinger bands which is about to open it

④    is the previous 13day ago candle

This is question for you

Is it opening of Bollinger bands 4days later?

Since it is a big issue of candle’s up

The hint!

I am using middle line of BBS of 13 period  

30 minute chart of EUR/NZD

30 minute chart of

EUR/NZD

Is it breakthrough the trend?

If not so

Enjoy it!

Unless what else we can do?

This game seems “very easy as a pie” if we respect its trend.

But the true is not.

It is not easy at all, especially in terms of “fear and greed” since it is 70% of mentality game rather than just technically issue of the trend.

We all are the slave of instinct and emotion. Perhaps it is a reason why we are superior to machines or perhaps, why we are not superior to machines in this game.

This is EURNZD of 30 minute chart.

It may be good for intraday traders.

Shall we see it

①     is 120ma which is supposed resisted line. if not, it is slightly lower than 240ma. It will not be a big issue considering the power of trend since we knew that the trend can’t be break out.

②     is symmetrical triangle which is supposed that some majors player have been battle and supposed that the winners are fellows of down trend(bearish phase)

Hence

Todays it is Saturday in Korean time July 12.2014 and is closed price (1.54365). As soon as opening the market, I wish you to take a position for downtrend.

 Until when?

 It is about to be seen by the double top of 60ma or break out the 120ma strongly           

Two day later of EUR/GBP

Two day later of

EUR/GBP

30 minute chart

This is last opportunity for a small uptrend inside of a big downtrend

Let us contrast with what I said “before and after” in both 30 minute chart and daily chart

Did I say that I will be reached at (0.797468)?

It is actually reached at what I said?

See the 30 minute chart and daily chart   

①    is highest price reached today 0.79699 but I expected with 0.797468. it is a big difference or more or less forgivable error?

②    is derailed the uptrend. It means that this uptrend wave inside of downtrend wave is fulfilled fully of its function  

Therefore

This information is no more useful for buying positon but only considering of selling position, as what I said in monthly chart.

However

Let us compare with daily chart  

Two day later of

EUR/GBP

Daily chart

①    is the Bollinger Bands of upper line, signal of “^”.

②    is The Yellow (20ma) line was predicted as resisted line 3days ago (refer to previous post)    

I have searched out this item the 3days for David Horton’s requisition.

He issued it as being preparing bullish phase.

But I said “not now but later”

Later is now!

Hence

I wish you to enjoy bearish phase again

And to remember that this is end of journey about EURGBP

Bon voyage 

Yours odyssey lee    

  

One day later of EUR/GBP 30minute chart

One day later of

EUR/GBP

30 minute chart

This is one day journey of EUR GBP

Not remembering how it is started, I wish you to look it back from monthly chart and daily chart and 30 minute chart again

It was ignited by Mr. David Horton

He said this will be prepared for being downtrend after bullish phase

I said it is true but the time is not now

So that I have ferret out this wave from macro view to micro view of Wave due to “Every tide has its ebb”

After reaching its peak of wave (0.797468) it will be return back to downtrend again

Shall we see the detail of chart “before and after”?  

①     is ideal entry point which I said yesterday

②     is the level which you must ensure the profit

③     is signifying Korean real time chart. (please always compare this time with my posting time on my Blog) wishing for it is real time relay or live show  

30 minute chart of EUR/GBP in real time

30 minute chart of EUR/GBP in real time

At the Previous Blog I posted about EUR/GBP in monthly chart and daily chart

And I said in big wave of monthly chart. It will be downtrend

And in relatively small size of daily chart wave it will be uptrend

Therefore

You can take advantage of uptrend of daily chart inside of downtrend (Please refer previous post)

You may require to me when it is best time of upper trend inside of Daily chart?   

It was Before 2 hours ago that was best timing to enter here

Let us see the 30 minute chart of EUR/GBP in real time

Dear: Sir, David Horton (EUR/GBP)

Dear: Sir, David Horton

I am glad to be asked as below question of (EURGBP)

As long as I know about your requisition, I would unpretentiously explain my idea (EUR/GBP).

But sorry for my poor English sine I am a Korean, English is forever alien to me   

Having forgiving intention of my poor English, you may obtain what you want to look for

At any rate

This is what you asking for  

 

Here you said it will be uptrend?

If you are talking about long terms view, supposing that you might be looking at monthly chart.  Indeed sir! You are light It is preordained to shift heavily gravity from downtrend to uptrend.

By and large I agree with you except you calculate too earlier to profit it    

The difference between you and me are:

When it will be happened to and how come?

The answer is the downward is supposed to stop at the point of 0.77868 on the condition of prior settlement as below of monthly chart but not 0.8262 point which you pointed ( I mean if you mention to big wave and long terms of monthly chart)  

If you have same frequency and protocol with me, let us skip the meaning of monthly chart, because you have known what size, what displacement of it. Even I presume that you know the meaning of 1 and 5minte chart and even 30 minute chart.

To make long story short answer, the downward is supposed to stop at the point of 0.77868 on the condition of prior settlement

How?

Because of monthly and daily chart is insinuating the movement?

Let me tell you the prior settlement, step by step.

Monthly chart of EUR/GBP

①     is stochastic for 5ma (moving average) see the double top signal

②     is same index for 10ma as precede signal as 1~2 candles earlier than 10ma.

③     is expected with the shape of ①. Yes it is the divergence or double top or W pattern of index. But it does not look like ① yet. Therefore  you wait when ③ looks like ①

④     is also the oversold stage. therefore if you are intraday or scalper you may enjoy of this down trend until the previous lower point (0.77868)

⑤     is the previous lower point (0.77868) which I presume it’s adjustment

⑥     is the signal for you to entry for long terms view investigation. Dear Sir! Could you see the inside of circle and, Indigo blue line (10 ma) which is last blow single of down trend. Hence I wish you to jump in when it is golden cross between 5ma and 10ma. Whenever candles are settling on those moving averages, you will be safety stage of uptrend.       

Conclusion of monthly chart:

The gravity of downtrend is heavy so that “one swallow does not make a spring”

Please respect the trend

And do not defiance against trend until new starting of uptrend. Especially if you are very conservative long terms trader, wait the shape of⑥    

Daily chart of EUR/GBP

Let us zoom in and see more detail inside of monthly chart by Daily chart.

I overlap another index, Bollinger bands to see when the corrective wave is happen.

It may be useful information for intraday traders seeking for 5 days candle movements

Actually it is huge money even if daily chart’s size and its wave and displacement because of the result of the leverage  

Anyway here is sequential movement daily chart

You may enjoy down trend not from now but a week later

It is supposed to rebound up to yellow line of 20ma

And then

It is downtrend again because it is attribution of “the power of trend”

You may enjoy it until the end of signal ⑥ of monthly chart.

Nevertheless

You may be interesting in size of its fluctuation and displacement but not far away from now on

Sequentially I will illustrated it again       

    

①     is 20ma yellow line which is reacting  as a resistance line

②     is just normal trend line which is reacting  as a supported line

③     is Bollinger band signal of “^”. When is happened to inversed signal of “V” or “^”, the candle will be about to act the corrective movement at least 3 candles up.

④     is what I am waiting for “^”signal same ③. As soon as you see the signal you would better enjoy the rebound up to the level of ⑤

⑤     is previous higher point which I am expecting with rebound, slightly lower than this level  I guess.

⑥     is date when I write and post it on my Blog so that it will evidence when I write a book as real time analysis for my future job.    

Conclusion of Daily chart:

I have explain only size of wave, monthly and daily

If anyone wants to know more specific or detail, you have to process what I have shown you. Because the wave of charts are absolutely same process and same methodology but the difference are size of wave. I wish you to keep going on as same way, as using 60,30, 5 or even 1 minter chart.   

Thank for listen to my poor English

Yours odyssey lee