Greetings dear Dukascopy Traders Community. I hope my Analysis from last Week which contained also the Monthly view (Daily Charts) for the Major Pairs, has helped You to get "another view of the Market" (with the Help of My Timing Solution through Range Bars Charts Article). This Week my article will contain two parts: 1) the usual Analysis with the Weekly View (13-17 th of February) by using the 4Hours Charts in Analogy with the 35/15 Pips Range Bars Charts; and 2) an explanation for the Key-Levels that I use in my Analysis both in times Based charts and in Range Bars Charts. Actually There is also a third "view of the Market" next to Time/Price Action and Price Movement Action, a >Different Market Perception< that I will Expose to You in my next Articles.

>>> 1) The >> Key-Levels << that  I watch in My Technical Analysis are strictly correlated with the Trading tools and Instruments that I use.

What I haven't posted until now is the fact that I use >>2 Time-Frames (4 Hours and 1 Hour, or Daily and 4 Hours) and 2 Constant Range Bars charts setups (35 Pips and 15 Pips)<< to enter the Market.

The Bigger Time Frame or Range Bars Charts Setup is called the SETUP Chart.
The Entry/Timing, smaller time-frame or Range Bars Charts setup is called the TRIGGER Chart.

Key-Levels for the Setup Charts:

- Pivot Points (Daily, Weekly and Monthly - Main Pivots, 3 Supports and 3 Resistences),
- Fibonacci Retracements (during a Trend),
- Simple Moving Averages (30,50,100 and 200 SMA - also effective during an Uptrend or a Downtrend),
- Trendlines and Channel Trendlines (During trends and Congestion areas),
- Support and Resistences

Key-Levels for the Trigger Charts, besides the ones from the Setup Chart:

- Different SMA's (the same setups 30,50,100 and 200SMA) - signal confirmation,
- 5 and 13 EMA cross - signal confirmation,
- RSI - Trendline Break-out, False Break-out - entry/exit confirmation,
- ABCD or 123 Patterns - entry/exit confirmation,
- sometimes MACD (convergence, divergence, trendline break-outs) - confirmation.

I correlate the Instruments Above with Volumes Analysis and Candlestick/Bars Formations.
To enter the Market the Trend on the Setup Chart has to be Correlated with the Trend on the Trigger Chart (correlation of the Signals).

>>IMPORTANT<< : I use Different instruments according to the Market Conditions. I use some of the Instruments - all the Time, Some of the Tools for some of the Time, All of the Instruments for a period of time, Sometimes No Key-Level if I trade "Naked" (Based only on price action and Volumes), but I think to Cannot Trade all the time without using these Tools .(after a Quote from Abraham Lincoln).

>>So, Key-Levels are Market Points that give the Price/Time Movement a certain order for the traders to see the Levels where there could be important changes in the Price Action.<<

I classify my Key-Levels in my Analysis based on their Importance and Impact on the Traders' Psychology:

a) Simple Key-Levels, (I use them only for information purpose )for example:

 Weekly Main Pivot, Monthly S1 Pivot, a certain Support level, the 200 SMA, the Downtrend Line in an Downtrend, a Fibonacci Retracement.

 


b) 1st Level Key-Levels - 2 Simple Key-Levels Confluence:

- 2 Pivots Cross, A pivot and a SMA, A pivot and a Trendline, a Pivot and a Support/Resistence, Two Trendlines, 2 Moving Averages Cross (50 and 200SMA "Red Cross", 100 and 200SMA Cross), a Cross between a Pivot and a Fibonacci Retracement, a Cross Between a Fibonacci and a Trendline, a cross between a Fibonacci and a SMA.
I also use these Key-Levels for an information pupose signal.




c) 2nd Level Key-Levels - 3 Simple Key-Levels Confluence:

 - a Pivot , a Fibonacci and a SMA, 2 Pivots and a Fibonacci, 3 Pivots, 3 Moving averages Cross, a Downtrend Line, an Uptrend Line and a Pivot Confluence.
These Levels are for a Signal Information and have to be sustained by the Trigger Chart Analysis , the Volumes or the candle Formations.Which brings us to the Most Important Key-Levels.

SETUP Chart:

 


 Trigger Chart Confirmation (Volumes and Correlation):

 


d) 3rd Degree Levels, >>CODE RED Key-Levels<<. The Most Important Key-Levels on the Setup Chart are the 2nd Level Key-Levels that are confirmed by the Volumes Analysis / Candlestick/Bar Formations on both charts SETUP and TRIGGER CHARTS.(as shown in the two images above frm the J-forex Dukascopy Platform).

For Example, right now as I write this Article I see a CODE RED KEY-LEVEL tested on the 4Hours Chart on the Eur/Usd at the first our of the New York Trading Session (in the Two images above):

>> SETUP CHART (4 Hours Time Based Chart):

Confluence between Weekly R1 Pivot / 61,8% Fibonacci Retracement from the Daily Chart and
30SMA, confirmed by the last candle (bearish pin-bar) and Volumes (as shown in the Chart).

>> TRIGGER CHART (1 Hour Time Based Chart):

Confirmation of the Bearish Signal, more than that 50 and 100SMA cross, False Bullish Break-Out above Daily R1 Pivot Candlestick Fromation and high Volume on the Last Bearish Candle (last Hour).

This is a great Bearish Signal to Enter Short on the Market.
Of Course You will enter the Market with the Exit (Stop Loss and Take Profit) already established.
But to analyse the Stop Loss and Take Profit for this Trade I would Need another Two articles and it seems that I run out of Words for this Article (1500 Words Limitation).

And one other Secret... The Entry signal has to be also confirmed by the Range Bars Charts in analogy with the time Based charts. For the Example Above this would mean that You have to look also into the analysis on 35 Pips and 15 Pips Range Bars Charts.


>>> 2) Let get to our Weekly Analysis (13th - 17th of February):
I will post the Charts for the Major Pairs in the Article with the Explanation in the comments because I do not have enough words remaining in the Article.


>1) >>> Eur/Usd <<< Weekly view - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart:


 

 



>2) >>> Gbp/Usd <<< Weekly view - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart:


 


   



>3) >>> AUD/Usd <<< Weekly view - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart:



 



4) >>> Nzd/Usd <<< Weekly view - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart:

 


 



5)>>> USD/CHF <<< Weekly view - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart:

 


  



6) >>> Usd/Jpy <<< Weekly view - 4 Hours Chart in analogy with the (15) Pips Range Bars Chart:




 



7) >>> Usd/Cad <<< Weekly view - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart:

  

 


Thank You for Your Patience to Read My Article and My Analysis.

I will post the Written Explanations for the charts in the Comments Section of the Article, as soon as it will be posted.

Disclaimer: Please Take responsability for Your own Trading Decisions.

To Your success,
Doctortyby - Tiberiu
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