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THE only Pattern

  • #8,721
  • Jan 31, 2019 3:21am Jan 31, 2019 3:21am
Quoting witowito
looking to sell gu/eu Well actually...selling
Morning all

Yep GBP in full retreat

Trading GJ and GA downwards
  • #8,722
  • Jan 31, 2019 3:59am Jan 31, 2019 3:59am
Quoting witowito
{quote} You can compare this two and look for similarities... {image}
notice that the ranging or coiling was more significant in the beginning of the downtrend. the longer it coiled (as like a spring ready to release) the longer distance it traveled. the first one ranging for 1 month, the second one for one and a half month. looks like the present down trend has more room to travel down.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,723
  • Jan 31, 2019 4:01am Jan 31, 2019 4:01am
Quoting Inthebox
{quote} notice that the ranging or coiling was more significant in the beginning of the downtrend. the longer it coiled (as like a spring ready to release) the longer distance it traveled. the first one ranging for 1 month, the second one for one and a half month. looks like the present down trend has more room to travel down.
agree with u, i did not notice that but i was expecting price to make a new LL so basically... longer drop

Let see if the CAD numbers today move the price higher for retesting weekly open mayve or at least 1.319/1.32 area for opening some trades... tomorrow NFP so...
  • #8,724
  • Jan 31, 2019 4:04am Jan 31, 2019 4:04am
Scalping some levels...
Attached Image (click to enlarge)
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  • #8,725
  • Jan 31, 2019 4:08am Jan 31, 2019 4:08am
Quoting witowito
{quote} agree with u, i did not notice that but i was expecting price to make a new LL so basically... longer drop Let see if the CAD numbers today move the price higher for retesting weekly open mayve or at least 1.319/1.32 area for opening some trades... tomorrow NFP so...
look at aug 2016 coiled for 3 months and how far up it went. no body liked to trade uj during that 3 months. lol.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,726
  • Jan 31, 2019 4:29am Jan 31, 2019 4:29am
eu reminds me to take my shower.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,727
  • Jan 31, 2019 5:02am Jan 31, 2019 5:02am
Quoting ensale
if your looking to short equities .. short dax today.. between now and end of US session... been weak and the short trade IF It set's up dax will be a good mover for that..
Dropped 100 points from opweek resistance today.. dax.

like others say is about waiting for oppurtunties to play out.. g
It's in fear when people show what they truly value.
  • #8,728
  • Jan 31, 2019 5:03am Jan 31, 2019 5:03am
Quoting Inthebox
eu reminds me to take my shower. {image}
LOL, good one.
It's in fear when people show what they truly value.
  • #8,729
  • Jan 31, 2019 6:01am Jan 31, 2019 6:01am
Quoting Inthebox
eu reminds me to take my shower. {image}
While Inthebox had his shower, I had a nice scalp
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 14 KB
  • #8,730
  • Jan 31, 2019 6:41am Jan 31, 2019 6:41am
Quoting witowito
{quote} agree with u, i did not notice that but i was expecting price to make a new LL so basically... longer drop Let see if the CAD numbers today move the price higher for retesting weekly open mayve or at least 1.319/1.32 area for opening some trades... tomorrow NFP so...
Are you expecting negative numbers?
  • #8,731
  • Jan 31, 2019 6:45am Jan 31, 2019 6:45am
Quoting kellycml
{quote} While Inthebox had his shower, I had a nice scalp {image}
after the fact analysis.
it was a risky trade. look at the support below.
though it was a brc.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,732
  • Jan 31, 2019 6:58am Jan 31, 2019 6:58am
just an observation. not to trade before the news.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,733
  • Jan 31, 2019 7:35am Jan 31, 2019 7:35am
Quoting jmtini
{quote} Are you expecting negative numbers?
Dont know much about fundamentals, just i was wishing to go higher to short it lol... not idea of numbers
  • #8,734
  • Jan 31, 2019 9:44am Jan 31, 2019 9:44am
Quoting ensale
{quote} Dropped 100 points from opweek resistance today.. dax. like others say is about waiting for oppurtunties to play out.. g
Dax tumbles like nothing, don’t say the OP team are not helpful or anything
It's in fear when people show what they truly value.
  • #8,735
  • Jan 31, 2019 10:17am Jan 31, 2019 10:17am
Well finished for today. Net 40 pips so reasonably happy

Interesting - bounced off support - channel is valid I think so could be going up again

(It's my favourite pair which is why I spend so much time analysing it!)
Attached Image (click to enlarge)
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  • #8,736
  • Jan 31, 2019 10:23am Jan 31, 2019 10:23am
Quoting witowito
{quote} Dont know much about fundamentals, just i was wishing to go higher to short it lol... not idea of numbers
Well done on a good call - It did exactly that!

I did take a small chance and scalped the intitial drop for a few very quick pips.
Attached Image (click to enlarge)
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  • #8,737
  • Jan 31, 2019 10:25am Jan 31, 2019 10:25am
Quoting jmtini
Well finished for today. Net 40 pips so reasonably happy Interesting - bounced off support - channel is valid I think so could be going up again (It's my favourite pair which is why I spend so much time analysing it!) {image}
I Had 1.806/5 as a flip zone but looks like ur support is much better draw...
Red scenario was what i was expecting... but hell no... it went lower
Attached Image (click to enlarge)
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  • #8,738
  • Jan 31, 2019 10:36am Jan 31, 2019 10:36am
Quoting witowito
{quote} I Had 1.806/5 as a flip zone but looks like ur support is much better draw... Red scenario was what i was expecting... but hell no... it went lower {image}
Yes may even go down a bit more - channel line is 17930/50 area. That would tick all the boxes! Let's see what happens overnight - tomorrow morning may see a strong reversal (all IMHO of course)
  • #8,739
  • Jan 31, 2019 1:00pm Jan 31, 2019 1:00pm
Still scalperooing GJ - been a great day for sell scalps - tomorrow NFP so probably going to be a dangerous day!
Attached Image (click to enlarge)
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  • #8,740
  • Feb 1, 2019 1:56am Feb 1, 2019 1:56am
Attached Image


Kick starting the day with this quote...
It's in fear when people show what they truly value.
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