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THE only Pattern

  • #2,421
  • Jul 28, 2017 7:49am Jul 28, 2017 7:49am
Hi atheer

your set ups work very well when prices meet major levels, they can be S/R, trend line and channel lines especially in the direction of the least resistance....in a slope bull/bear slow market trend lines and channel line from a 5/15m TF can be also effective like in today price action for EU and GU.....

This is my trend line on the hourly and this is a perfect pin point entry for the 5m TF.

I have read a few pages today, working and comparing with my understanding of TA and I will be reading more. Thank you.
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trading is simple but is simple is not easy.
  • #2,422
  • Jul 28, 2017 9:50am Jul 28, 2017 9:50am
Have a good weekend folks!

Thanks again for your info Atheer!

Cheers
  • #2,423
  • Jul 28, 2017 12:33pm Jul 28, 2017 12:33pm
I had no time today, but could manage to take one trade in coffee brake it was a long usdjpy setup from 110.70. Look at nice lower wicks on m1 time frame. Support was taken from h1. It worked nicely.

Have a good weekend

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  • #2,424
  • Jul 28, 2017 12:53pm Jul 28, 2017 12:53pm
Good weekend.. all.. have fun.
It's in fear when people show what they truly value.
  • #2,425
  • Jul 28, 2017 2:35pm Jul 28, 2017 2:35pm
Hey atheer1, thanks for the thread and information you give freely. I respect you a lot.

Can you eleborate on this response(post 2,121) of yours a little bit ? Did your trading change ?

Quoting atheer1
{quote} not exactly..........but I see old patterns in relation to my entry..........and I enter upon retest of the level
  • #2,426
  • Jul 28, 2017 3:51pm Jul 28, 2017 3:51pm
Quoting zamiel
Hey atheer1, thanks for the thread and information you give freely. I respect you a lot. Can you eleborate on this response(post 2,121) of yours a little bit ? Did your trading change ? {quote}
If you see an old Only pattern as long as its level is not broken you can enter...................but I prefer to enter on fresh reaction to certain R/S level.......my trading did not change
atheer1
  • #2,427
  • Jul 30, 2017 6:27pm Jul 30, 2017 6:27pm
sell UJ from 110.60-70
atheer1
  • #2,428
  • Jul 30, 2017 6:32pm Jul 30, 2017 6:32pm
Quoting atheer1
sell UJ from 110.60-70
1st target in this session is 110.20
atheer1
  • #2,429
  • Edited 8:07pm Jul 30, 2017 7:57pm | Edited 8:07pm
Quoting atheer1
{quote} 1st target in this session is 110.20
If bears accelerate around 110.20-30.......I will target 110 this session.............as this level where the most bulls above 110
atheer1
  • #2,430
  • Jul 30, 2017 8:39pm Jul 30, 2017 8:39pm
Quoting atheer1
sell UJ from 110.60-70
Hi Atheer! How are you?

I missed this entry because was doing cooking and house chores in the early morning. LOL!

I think the level between 110.30-40 is hard to break through...

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But the Demand zone there in D1 looks like a nice magnet though...

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Simplicity is the key to brilliance
  • #2,431
  • Jul 30, 2017 8:59pm Jul 30, 2017 8:59pm
Chances for reentries...

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Simplicity is the key to brilliance
  • #2,432
  • Jul 30, 2017 9:00pm Jul 30, 2017 9:00pm
Quoting LinFX
{quote} Hi Atheer! How are you? I missed this entry because was doing cooking and house chores in the early morning. LOL! I think the level between 110.30-40 is hard to break through... {image} But the Demand zone there in D1 looks like a nice magnet though... {image}
I am fine Lin........Missing you my friend.......
I agree with you Lin.........this level is hard to break.............but if you have a look at 5M or 1M chart.........I love the technique of bears..see the 1st hit..........deep hit.........then withdrawal to absorb long orders....surely they will have a second hit..........waiting that

I agree with you on the demand zone............its the last day of the month and I think bears want at least trade for a while below 110
atheer1
  • #2,433
  • Jul 30, 2017 9:19pm Jul 30, 2017 9:19pm
Hi guys, very new in here. I've been trading on and off for over 10 years and basically broke even. Your system is very simple and easy to understand. I'm very excited to watch your posts and compare to the charts and learn. So please post away, lol
  • #2,434
  • Jul 30, 2017 9:33pm Jul 30, 2017 9:33pm
Quoting atheer1
{quote} I am fine Lin........Missing you my friend....... I agree with you Lin.........this level is hard to break.............but if you have a look at 5M or 1M chart.........I love the technique of bears..see the 1st hit..........deep hit.........then withdrawal to absorb long orders....surely they will have a second hit..........waiting that I agree with you on the demand zone............its the last day of the month and I think bears want at least trade for a while below 110
Missing you guys too!

I see. that's indeed a great movement of compression (price breaking trendlines)!

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It's just an idea, so guys please be careful when trying to short this right now, It's too late (for me) and I would want to find new PA before taking any trade now.
Simplicity is the key to brilliance
  • #2,435
  • Jul 30, 2017 9:38pm Jul 30, 2017 9:38pm
Quoting LinFX
{quote} Missing you guys too! I see. that's indeed a great movement of compression (price breaking trendlines)! {image} It's just an idea, so guys please be careful when trying to short this right now, It's too late (for me) and I would want to find new PA before taking any trade now.
nice analysis Lin
atheer1
  • #2,436
  • Jul 31, 2017 1:44am Jul 31, 2017 1:44am
went short GU at the hourly resistance with an up/down/up/down bar(s) (5m) after a fail break out of a down TL, risk was 12 pips, gained 12 covered half and SL now at BE.

Personal support now at 1.3117
trading is simple but is simple is not easy.
  • #2,437
  • Jul 31, 2017 2:00am Jul 31, 2017 2:00am
Quoting ZenNy
went short GU at the hourly resistance with an up/down/up/down bar(s) (5m) after a fail break out of a down TL, risk was 12 pips, gained 12 covered half and SL now at BE. Personal support now at 1.3117
which turned resistance from support....
trading is simple but is simple is not easy.
  • #2,438
  • Jul 31, 2017 3:20am Jul 31, 2017 3:20am
Quoting ZenNy
went short GU at the hourly resistance with an up/down/up/down bar(s) (5m) after a fail break out of a down TL, risk was 12 pips, gained 12 covered half and SL now at BE. Personal support now at 1.3117
stopped out my second half at BE......well I was hoping for a bit better....
trading is simple but is simple is not easy.
  • #2,439
  • Jul 31, 2017 11:31am Jul 31, 2017 11:31am
Quoting ensale
break higher GU.. strong tech's pointing that way.
10 days later or so and GU proving this.. 1.32 .. good move.
It's in fear when people show what they truly value.
  • #2,440
  • Jul 31, 2017 6:51pm Jul 31, 2017 6:51pm
Short GU from 1.32-1.3210 with tight stop
atheer1
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