6 Comments

  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 !
    Adrien

    • 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

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