1. April 11, 2018 at 7:05 am — Reply

    Q1. difference between foundation and consolidation?

    is foundation the same as consolidation but is rising up?
    and we would only know it is a foundation in retrospect.

    Q2. at 13:00 you talk about breakout or breakdown?
    definition breakdown is price falls down support
    breakout prices pushes through resistance

    p.s I enjoyed the tip- if phase isnt clear. move to higher time frame or change currency pair

    • April 11, 2018 at 6:50 pm — Reply

      Yeah! Well done on taking action, Andrew!

      Q1. The name isn’t very important here. What matters is what you look for (same thing in both cases). In the foundation/consolidation, you’ll look for reversals & breakouts/breakdowns.
      Q2. We could see a breakout OR a breakdown on this chart depending if the price goes above or below the range. You got to be prepared for both.

      Keep it up!

      – Etienne

  2. September 12, 2018 at 2:53 am — Reply

    Hi Etienne,
    I has always been mystified by this HHLL sequence, I notice it is pretty much depend on time frame you are looking at. Is there any a rule of thumb on how to look at the market phase?

    • September 12, 2018 at 9:57 pm — Reply

      I found the weekly timeframe to work well in my case. Module #2 of Power Trader goes more in-depth on that but it’s quite simple.

  3. July 25, 2019 at 5:17 pm — Reply

    Hello Etienne,

    Would you consider using the heikin ashi only to analyse market phase, it filters a lot the noise so we can see better the Highs and lows ! What’s your opinion about that ? ;)

    Thanks !

    • July 26, 2019 at 2:30 am — Reply

      Hi Adrien,

      Yes, you could do that!

      However, I don’t think the results will be way different than with regular candlesticks.

      It’s a matter of preference…whatever helps you get a clear picture is helpful.

      Hope that helps!

      Best regards,
      Etienne Crete

  4. December 11, 2019 at 6:30 pm — Reply

    Hi Etienne,
    To define the market phase, use hourly chart for to find out the market phase and then use 5 min chart for trading, is that right?
    Thank you

    • December 11, 2019 at 9:06 pm — Reply

      Hi Prakash,
      That is correct. You use the higher timeframe for the context and market Phase and then you use the lower timeframe for trading. This applies also to longer-term trading. (EG. using weekly chart for Phases and trading on the H4 or daily chart)

  5. June 10, 2021 at 6:11 am — Reply

    Hello Etienne. I am excited to have started the course! If you can identify the market phase as being in consolidation or foundation. Is it a good strategy to open 2 orders, a buy and a sell each with stop losses. If there is a breakdown, the sell order executes and you can close the buy order and vice versa?

    • June 11, 2021 at 5:33 am — Reply

      That’s an idea, but the issue is that price may not break or reverse right away. Waiting for a particular breakout of reversal setup (candlestick pattern or indicator) will help you pin point in which direction the price is likely to go.

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