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THE only Pattern

  • #2,521
  • Edited 8:07pm Aug 14, 2017 7:56pm | Edited 8:07pm
UJ bulls are so strong when the price drop below 110 for the past 6 months..........are they decided now to push strongly up?.................up we have 110.20-30 and down we have 109.80-90 between these the winner is not clear
atheer1
  • #2,522
  • Aug 15, 2017 2:26am Aug 15, 2017 2:26am
Hi atheer, if you don't mind, one question.

How would you be preparing for this situation?
Would you wait for 1h candle to close or looking for entry before that in this R area?
This 1h candle is open just about 10 minutes.

It is not so important for this particular situation but your opinion in general for such kind of situations.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1h.jpg Size: 207 KB
  • #2,523
  • Aug 15, 2017 5:14am Aug 15, 2017 5:14am
Quoting Mare
Hi atheer, if you don't mind, one question. How would you be preparing for this situation? Would you wait for 1h candle to close or looking for entry before that in this R area? This 1h candle is open just about 10 minutes. It is not so important for this particular situation but your opinion in general for such kind of situations. {image}
It turns out that price jump over 40 pips from there.
  • #2,524
  • Aug 15, 2017 8:34am Aug 15, 2017 8:34am
Quoting Mare
Hi atheer, if you don't mind, one question. How would you be preparing for this situation? Would you wait for 1h candle to close or looking for entry before that in this R area? This 1h candle is open just about 10 minutes. It is not so important for this particular situation but your opinion in general for such kind of situations. {image}
not all levels are the same..............i will wait for reversal from important levels or breakout of important one.............if you mean level around 1.1720 eu............we see some reaction from here to the up side on lower time but it was weak for me .....not OP........so if we look at R 1.1750-60 it showed better signs of control
atheer1
  • #2,525
  • Edited 8:55am Aug 15, 2017 8:40am | Edited 8:55am
now EU 1.1720-30 will act as R.............. retest of 1.1690 may be on...............1.1650
atheer1
  • #2,526
  • Aug 15, 2017 9:19am Aug 15, 2017 9:19am
So your thought is more down on EU.. not today in my opinion ... as adr is posing a threat to further down move..

there is no more fuel to take it there..
It's in fear when people show what they truly value.
  • #2,527
  • Aug 15, 2017 9:45am Aug 15, 2017 9:45am
Quoting ensale
So your thought is more down on EU.. not today in my opinion ... as adr is posing a threat to further down move.. there is no more fuel to take it there..
yes may be...............but those who bought EU at 1.1690 are giving some more fuel
atheer1
  • #2,528
  • Aug 15, 2017 9:54am Aug 15, 2017 9:54am
Quoting atheer1
{quote} not all levels are the same..............i will wait for reversal from important levels or breakout of important one.............if you mean level around 1.1720 eu............we see some reaction from here to the up side on lower time but it was weak for me .....not OP........so if we look at R 1.1750-60 it showed better signs of control
Why do you think that 1.17228 is weak level?
We had two decent reactions at this level today.
  • #2,529
  • Aug 15, 2017 9:59am Aug 15, 2017 9:59am
Quoting Mare
{quote} Why do you think that 1.17228 is weak level? We had two decent reactions at this level today.
I meant that bulls show weakness at that level from the 1st reaction up earlier this day.............not as strong as before.................and that is why it breaks down on 2nd attempt.......
atheer1
  • #2,530
  • Aug 15, 2017 10:18am Aug 15, 2017 10:18am
Quoting atheer1
{quote} I meant that bulls show weakness at that level from the 1st reaction up earlier this day.............not as strong as before.................and that is why it breaks down on 2nd attempt.......
aha . understand what you mean.
It's in fear when people show what they truly value.
  • #2,531
  • Aug 15, 2017 11:16am Aug 15, 2017 11:16am
GU.............down from around 1.3270 earlier this month

R 1.2950..............1.29-1.2910
S 1.2840-50................1.28-1.2810
atheer1
  • #2,532
  • Edited 4:19pm Aug 15, 2017 3:18pm | Edited 4:19pm
Eu...................

R 1.1750..................1.1770-80................1.1820-30
s 1690..............1.1650................1.1620...........1.1580
atheer1
  • #2,533
  • Aug 15, 2017 7:44pm Aug 15, 2017 7:44pm
Short EU from 1.1740-50..................long UJ from 110.50-60
atheer1
  • #2,534
  • Aug 16, 2017 2:41am Aug 16, 2017 2:41am
Quoting atheer1
Short EU from 1.1740-50..................long UJ from 110.50-60
Good call on uj, may I see your chart that you used to make that call.
  • #2,535
  • Aug 16, 2017 3:40am Aug 16, 2017 3:40am
Quoting Rlc2269
{quote} Good call on uj, may I see your chart that you used to make that call.
thanks atheer.
It's in fear when people show what they truly value.
  • #2,536
  • Aug 16, 2017 5:45am Aug 16, 2017 5:45am
Quoting Rlc2269
{quote} Good call on uj, may I see your chart that you used to make that call.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ1.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: UJ2.png Size: 50 KB
atheer1
  • #2,537
  • Aug 16, 2017 6:09am Aug 16, 2017 6:09am
Quoting atheer1
Short EU from 1.1740-50..................long UJ from 110.50-60
This looked a good setup to me on the 30min chart. There seemed to be good resistance at the 1.1750 mark in several places much further to the left as well. SL at 1.1756, keeping it quite tight (I thought if it did go through the 1.1750 it would possibly keep going up) and I thought it would touch and probably just push down through the 1.1700 (as it had done yesterday). R/R 3:1.

Well, it did go through the 1.1700. But not without taking out my SL first. Frustrating.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 16Aug.png Size: 62 KB
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #2,538
  • Aug 16, 2017 6:12am Aug 16, 2017 6:12am
Quoting atheer1
{quote} {image} {image}
Another great catch!
  • #2,539
  • Aug 16, 2017 6:32am Aug 16, 2017 6:32am
Quoting Xeniz
{quote} This looked a good setup to me on the 30min chart. There seemed to be good resistance at the 1.1750 mark in several places much further to the left as well. SL at 1.1756, keeping it quite tight (I thought if it did go through the 1.1750 it would possibly keep going up) and I thought it would touch and probably just push down through the 1.1700 (as it had done yesterday). R/R 3:1. Well, it did go through the 1.1700. But not without taking out my SL first. Frustrating. {image}
never mind sometimes 1 pip makes the difference between a win and loss..................and that is why my initial stop always at price ending with 0000
atheer1
  • #2,540
  • Aug 17, 2017 1:26am Aug 17, 2017 1:26am
Quoting atheer1
{quote} never mind sometimes 1 pip makes the difference between a win and loss..................and that is why my initial stop always at price ending with 0000
Thank you Atheer, for that explanation. Could you please explain a little bit in detail how you define your stops? If you say, that your initial stop is always at price ending with 0000, it does mean, that your initial r:r is mostly "worse" than 1:1 isnīt it? But than after your trade goes in the right way, you move sl to be right? I ask because I saw on my own trading, that it could be quite profitable, to have at first a larger stop, to avoid stop hunting......
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