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THE only Pattern

  • #921
  • Dec 13, 2016 7:46am Dec 13, 2016 7:46am
Quoting atheer1
NICE DROP MY BEAR..............GU
It seems the GBP seller's came in just in time, eurgbp Head and shoulder on 5m illustrates this too..
It's in fear when people show what they truly value.
  • #922
  • Dec 13, 2016 8:36am Dec 13, 2016 8:36am
Quoting ensale
{quote} It seems the GBP seller's came in just in time, eurgbp Head and shoulder on 5m illustrates this too..
yes........let us see if this direction can be sustained
atheer1
  • #923
  • Dec 13, 2016 8:58am Dec 13, 2016 8:58am
Quoting atheer1
{quote} yes........let us see if this direction can be sustained
Hi, at what point of a "pullback" after such a drop would you consider that the move is over? Ofcourse you always want to get the most out of such a run, but I'd like to know your view on when you take profit or when you let it run. Greets!
  • #924
  • Dec 13, 2016 11:01am Dec 13, 2016 11:01am
Quoting JvD3
{quote} Hi, at what point of a "pullback" after such a drop would you consider that the move is over? Ofcourse you always want to get the most out of such a run, but I'd like to know your view on when you take profit or when you let it run. Greets!
It depends on what time frame you are speaking off.........but in general no mathematical value is right for pullback............as price my move from A to B then pull back for about 90% of AB to C and then resume the same direction of AB............In my opinion Fibonacci is pure mathematical delusion of traders............after all Orders what move the price not numbers........... you entered the market at certain price........the market was generous and and move in your favor for 60 pips there is no point of not taking some profit and moving your stop to BE on the rest of your position..so always try to take profit and move your stop to BE...............cut your losses short and when it come to S and R it is not hard to tell if you were wrong to the pip and mostly 10 pip stop may be sufficient...........in cases when you plan to take your trade to longer time frame you may consider S/R zone so your stop above or below the last R/S and here you need more than 10 so if you entering such a trade considering your risk your take profit as I see should aim at least for 1/1 R/R so that to be OK on the long run...........
atheer1
  • #925
  • Dec 13, 2016 11:09am Dec 13, 2016 11:09am
Quoting atheer1
{quote} It depends on what time frame you are speaking off.........but in general no mathematical value is right for pullback............as price my move from A to B then pull back for about 90% of AB to C and then resume the same direction of AB............In my opinion Fibonacci is pure mathematical delusion of traders............after all Orders what move the price not numbers........... you entered the market at certain price........the market was generous and and move in your favor for 60 pips there is no point of not taking some profit and...
Alright , thanks alot for your reply!
  • #926
  • Edited 11:29am Dec 14, 2016 11:16am | Edited 11:29am
the market is doing as expected
GU short
UJ long
EU short
AU short
UCH long
UC long

buying the dollar
atheer1
  • #927
  • Dec 15, 2016 8:56am Dec 15, 2016 8:56am
Any one holding GU short from 1.2720 ?
atheer1
  • #928
  • Dec 15, 2016 9:26am Dec 15, 2016 9:26am
Quoting atheer1
Any one holding GU short from 1.2720 ?
I didn't hold all the way from there.. I got little chunks along the way..

GU good move.. very nice..
It's in fear when people show what they truly value.
  • #929
  • Dec 15, 2016 9:38am Dec 15, 2016 9:38am
Quoting ensale
{quote} I didn't hold all the way from there.. I got little chunks along the way.. GU good move.. very nice..
I am still holding
atheer1
  • #930
  • Dec 15, 2016 10:30am Dec 15, 2016 10:30am
Quoting atheer1
{quote} I am still holding
good holding impressive,,,
It's in fear when people show what they truly value.
  • #931
  • Dec 15, 2016 11:22am Dec 15, 2016 11:22am
Quoting ensale
{quote} good holding impressive,,,
Holding UJ long from 113.20 also
atheer1
  • #932
  • Edited 12:21pm Dec 15, 2016 11:50am | Edited 12:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: 401.png Size: 19 KB
atheer1
  • #933
  • Dec 15, 2016 11:57am Dec 15, 2016 11:57am
Quoting atheer1
{image}
wtg... excellent trading..
It's in fear when people show what they truly value.
  • #934
  • Dec 15, 2016 12:15pm Dec 15, 2016 12:15pm
nice thread Subscribers
  • #935
  • Dec 15, 2016 12:18pm Dec 15, 2016 12:18pm
Quoting saranga
nice thread Subscribers
welcome
atheer1
  • #936
  • Dec 15, 2016 1:16pm Dec 15, 2016 1:16pm
Quoting atheer1
Any one holding GU short from 1.2720 ?

I wish I could hold...it still looks like a strong Bear there...but I'm already out at 1.2462
Waiting for another re-entry if possible
All the best Atheer
  • #937
  • Dec 15, 2016 2:08pm Dec 15, 2016 2:08pm
Quoting HBeeck
{quote} I wish I could hold...it still looks like a strong Bear there...but I'm already out at 1.2462 Waiting for another re-entry if possible All the best Atheer
keep it up
atheer1
  • #938
  • Dec 15, 2016 5:36pm Dec 15, 2016 5:36pm
UJ short 118.20-30
GU long 1.2390

carefull
atheer1
  • #939
  • Dec 16, 2016 12:51am Dec 16, 2016 12:51am
Quoting atheer1
UJ short 118.20-30 GU long 1.2390 carefull
still valid
atheer1
  • #940
  • Dec 16, 2016 2:47am Dec 16, 2016 2:47am
Quoting atheer1
UJ short 118.20-30 GU long 1.2390 carefull
closed both and reverse
atheer1
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