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THE only Pattern

  • #8,021
  • Dec 11, 2018 2:42am Dec 11, 2018 2:42am
I don't feel the need to write anything, wito your doing good coverage of gbp all rounded..
It's in fear when people show what they truly value.
  • #8,022
  • Dec 11, 2018 2:48am Dec 11, 2018 2:48am
Quoting ensale
I don't feel the need to write anything, wito your doing good coverage of gbp all rounded..
hahaha come on mate i feel alone here , just say something lol
I miss reading others and looking at charts with some others perspective.
Boring job being alone at charts
  • #8,023
  • Dec 11, 2018 2:53am Dec 11, 2018 2:53am
Quoting witowito
{quote} hahaha come on mate i feel alone here , just say something lol I miss reading others and looking at charts with some others perspective. Boring job being alone at charts
lol . when i have something usefull to say.... otherwise i will be waffling (pointless talk)

oh that reminds me of a post i read yesterday-- will share it in a second.
It's in fear when people show what they truly value.
  • #8,024
  • Dec 11, 2018 3:18am Dec 11, 2018 3:18am
game over
  • #8,025
  • Dec 11, 2018 3:20am Dec 11, 2018 3:20am
https://paracurve.com/2014/08/quasim...-revision.html

I like paracurve.. know him on twitter, but I stepped on his blog yesterday first time and saw he shares some good info
It's in fear when people show what they truly value.
  • #8,026
  • Dec 11, 2018 3:28am Dec 11, 2018 3:28am
Quoting witowito
game over
f*ck... price gonna shit around for a while so a new highs could be made...
I though price was ready for the drop but the way it is acting now suggest.... more mess around
  • #8,027
  • Dec 11, 2018 3:39am Dec 11, 2018 3:39am
Quoting ensale
https://paracurve.com/2014/08/quasim...-revision.html I like paracurve.. know him on twitter, but I stepped on his blog yesterday first time and saw he shares some good info
very interesting... i used to trade quasimodo pattern before... i do use it osometimes now but not as before, i found out some others wich suit better to my trading methodology, but if u know where to reconize the pattern and select the good ones its is a very profitable one...
  • #8,028
  • Dec 11, 2018 3:52am Dec 11, 2018 3:52am
Quoting witowito
{quote} very interesting... i used to trade quasimodo pattern before... i do use it osometimes now but not as before, i found out some others wich suit better to my trading methodology, but if u know where to reconize the pattern and select the good ones its is a very profitable one...
its one of those price moves that it's good to note.. but to have it on it's own.. not enough. what's your experience of it?

i mean paracurve reccomends good context understanding and fundemantal money flow in the direction you want to trade,
It's in fear when people show what they truly value.
  • #8,029
  • Dec 11, 2018 3:55am Dec 11, 2018 3:55am
Quoting jmtini
USDCAD north for a nice little afternoon trade guys Looks set for 1.3400 ++ {image}
Hi everyone

Well that worked out OK!

EURUSD looks good for bullish continuation this afternoon as USD is weak - can't see any reason for it not retesting 1.1430 area
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 49 KB
  • #8,030
  • Dec 11, 2018 3:56am Dec 11, 2018 3:56am
gbpaud is the one leading the move at the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
  • #8,031
  • Dec 11, 2018 3:59am Dec 11, 2018 3:59am
On the other hand - this would be nice:

GBPAUD (M15)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15.png Size: 44 KB
  • #8,032
  • Edited 4:18am Dec 11, 2018 4:08am | Edited 4:18am
Quoting jmtini
{quote} Hi everyone Well that worked out OK! EURUSD looks good for bullish continuation this afternoon as USD is weak - can't see any reason for it not retesting 1.1430 area {image}
I still see more drops for eur.
Im not convinced of this new up trend, call me idiot but from my point of view they have been ranging for a while and a new high(usd) is more likely needed for the drop...
About gbp, there is a bear paradise, just have to be careful with levels and play one at a time and if price wanna make the home run with u... great but if not, at least pay ur self in the way down.
  • #8,033
  • Edited 6:40am Dec 11, 2018 6:22am | Edited 6:40am
and there she goes...
  • #8,034
  • Dec 11, 2018 6:42am Dec 11, 2018 6:42am
Quoting witowito
and there she goes...
Yep! Sorry you were quite right - and of course I forgot the strong resistance level at 1.1400 which I myself mentioned some time ago and reinstated yesterday of course. That uptrend did look rather shaky!
  • #8,035
  • Dec 11, 2018 6:50am Dec 11, 2018 6:50am
Quoting jmtini
{quote} Yep! Sorry you were quite right - and of course I forgot the strong resistance level at 1.1400 which I myself mentioned some time ago and reinstated yesterday of course. That uptrend did look rather shaky!
nothing to be sorry about...
  • #8,036
  • Dec 11, 2018 6:53am Dec 11, 2018 6:53am
Quoting jmtini
{quote} Yep! Sorry you were quite right - and of course I forgot the strong resistance level at 1.1400 which I myself mentioned some time ago and reinstated yesterday of course. That uptrend did look rather shaky!
EU and specially gu is around daily open so the rest was just the wick of the daily candle... if its gonna tank being in the body of the candle is the best choice... they are just warming up.

A retest of daily open could give a decent re-entry
  • #8,037
  • Dec 11, 2018 6:57am Dec 11, 2018 6:57am
Quoting jmtini
On the other hand - this would be nice: GBPAUD (M15) {image}
Well we got the retracement and re-entry

But looking good for another 80 - 90 pips IMHO looking at the daily chart. Depends of course if the bears really jump in this afternoon big time and we clear this minor support around 1.7430
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 46 KB
  • #8,038
  • Dec 11, 2018 7:06am Dec 11, 2018 7:06am
Quoting jmtini
{quote} Well we got the retracement and re-entry But looking good for another 80 - 90 pips IMHO looking at the daily chart. Depends of course if the bears really jump in this afternoon big time and we clear this minor support around 1.7430 {image}
Thar she blows!!!
  • #8,039
  • Dec 11, 2018 7:29am Dec 11, 2018 7:29am
Quoting witowito
{quote} EU and specially gu is around daily open so the rest was just the wick of the daily candle... if its gonna tank being in the body of the candle is the best choice... they are just warming up. A retest of daily open could give a decent re-entry
Playing levels and let see if we catch a home run...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #8,040
  • Edited 10:25am Dec 11, 2018 10:06am | Edited 10:25am
Hey, newcomer here . So I've read the .PDFs and many, many pages. This might sound silly, but I'm having trouble understanding the entries and identifying the pattern in some of the charts.

So, I'll try to recap what I think I've understood.

Defining S/R levels:
- When wicks "touch" a line within the grid, that means price is being rejected from that level (by buyers overcoming sellers or the other way around).
- The more "touches" it gets, the stronger the level.

Setup:
Long:
- 1st candle goes through a S level.
- 2nd candle closes above the open of the 1st candle.
Question: Does the 1st candle have to close below the level? Or not necessarily?

Short:
- 1st candle goes through a R level.
- 2nd candle closes below the open of the 1st candle.
Question: Does the 1st candle have to close above the level? Or not necessarily?

---

Now, with that said. I'm having trouble identifying the setups and patterns within the charts you guys are posting. I read in one of the .pdfs that sometimes the pattern could be 2/3 (or even sometimes 4) bars long, or like this:

Attached Image


So maybe that's why.

But for example, in witowito's chart from today:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB


Does that entry fit the criteria of the pattern? I don't think I'm seeing it there .

Any explanations are appreciated.

Great thread atheer1!
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