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THE only Pattern

  • #2,561
  • Aug 23, 2017 6:51am Aug 23, 2017 6:51am
Quoting Mare
{quote} Unbelievable, what is the secret for this entry?
Your talking about a market mover.. there is no secret but size.
It's in fear when people show what they truly value.
  • #2,562
  • Aug 23, 2017 7:08am Aug 23, 2017 7:08am
Quoting ensale
{quote} Your talking about a market mover.. there is no secret but size.
Ok.. but always must be some level. I have found something on 109.770, this is probably the reason for entry.
  • #2,563
  • Aug 23, 2017 7:36am Aug 23, 2017 7:36am
Quoting Mare
{quote} Unbelievable, what is the secret for this entry?

**Right level
**Right direction
**Right moment
**Right setup

4 elements for a perfect entry
atheer1
  • #2,564
  • Aug 23, 2017 8:18am Aug 23, 2017 8:18am
Quoting Mare
{quote} Ok.. but always must be some level. I have found something on 109.770, this is probably the reason for entry.
atheer has experience. this what i mean by size. and talent.. very talented trader...

Nonetheless your persistence is a good sign you want to figure this out and learn.. keep posting charts.
It's in fear when people show what they truly value.
  • #2,565
  • Aug 23, 2017 8:23am Aug 23, 2017 8:23am
Quoting ensale
{quote} atheer has experience. this what i mean by size. and talent.. very talented trader... Nonetheless your persistence is a good sign you want to figure this out and learn.. keep posting charts.
thanks ensale.......I think that you are better than me
atheer1
  • #2,566
  • Aug 23, 2017 8:34am Aug 23, 2017 8:34am
Quoting atheer1
{quote} thanks ensale.......I think that you are better than me
Don't be silly. I know your not being silly. . but nonetheless we are similar in our style..

I take a look here and many times you're very helpful, I don't contribute near as much.
It's in fear when people show what they truly value.
  • #2,567
  • Aug 23, 2017 8:46am Aug 23, 2017 8:46am
Keep up good and honor work, guys.
  • #2,568
  • Aug 23, 2017 9:07am Aug 23, 2017 9:07am
Hello, can u show how to edit the sweetspot gold for each timeframe? thank you!!
  • #2,569
  • Aug 23, 2017 9:41am Aug 23, 2017 9:41am
Quoting ensale
{quote} Don't be silly. I know your not being silly. . but nonetheless we are similar in our style.. I take a look here and many times you're very helpful, I don't contribute near as much.
thanks ensale for all your contributions to this thread.........you are truly very helpful
atheer1
  • #2,570
  • Aug 23, 2017 2:41pm Aug 23, 2017 2:41pm
Quoting hzs10
Hello, can u show how to edit the sweetspot gold for each timeframe? thank you!!

Just apply this template and switch from one time frame to other and it will change accordingly

https://www.forexfactory.com/showthr...31#post9194331
tell me if you have any problem
atheer1
  • #2,571
  • Aug 23, 2017 7:23pm Aug 23, 2017 7:23pm
UJ bears are taking a deep breath...............while UJ bulls are trying to take the market control from around 108.80..............1st R ahead 109.10-20
atheer1
  • #2,572
  • Aug 23, 2017 7:36pm Aug 23, 2017 7:36pm
so I am looking to short from 109.10-20 if I see good setup...........otherwise I will wait and see
atheer1
  • #2,573
  • Aug 23, 2017 7:44pm Aug 23, 2017 7:44pm
Quoting atheer1
so I am looking to short from 109.10-20 if I see good setup...........otherwise I will wait and see
I am in UJ short now
atheer1
  • #2,574
  • Aug 23, 2017 7:45pm Aug 23, 2017 7:45pm
for the setup, the first candle must be the wick touching the line? cannot be the body? do u use it for trend trading or u use this for counter-trend trading also?
If I use 1H TF, do i just stick to 1H and wait for the 2nd candle to close for confirmation? or when i see the first candle formed, I can go to lower time frame to look for setup? appreciate for your reply!
  • #2,575
  • Edited 9:08pm Aug 23, 2017 8:45pm | Edited 9:08pm
Quoting hzs10
for the setup, the first candle must be the wick touching the line? cannot be the body? do u use it for trend trading or u use this for counter-trend trading also? If I use 1H TF, do i just stick to 1H and wait for the 2nd candle to close for confirmation? or when i see the first candle formed, I can go to lower time frame to look for setup? appreciate for your reply!
typical setup.............1st candle crosses the line or touch it with its wick..............2nd candle to close below open of the 1st in opposite direction...........bull bear.......bear bull............

The idea of the system is to enter early as close to R/S and although looks risky but in fact it reduces your risk to the minimum........so I do not wait for 2 hourly candles to show the setup by closing as OP in hourly chart..........but I use 1H ,4H and daily to find important possible levels of S/R and when price reaches this level I look for OP reaction in lower time frames like 1M,5M to take the trade sell/buy.............for the stop..........most of the times at the next line because if the next line is touched then I regard my level broken and no need to risk any more on the trade.........off course some exceptions apply for that rule not to discuss now.......but that is the general rule for my entry..........for early starters I recommend the 5 min for watching reactions around the level as 1 min chart require more experience to interpret ..........

If you want to trade the setup on 1hour chart solely..........it can be.........but it will change the whole idea of decreasing the risk ....................and you will enter many bad trades when your stop is high.........

Yes I use the system for both directions trend and counter trend...........remember that this system is not only for fading the price but can be used for breakout although I did not discuss that in detail..........because breakout is another story.............and if you are fading an up move intraday you may be trading with the daily trend direction that is down.............

for example in our short in UJ when I say sell from 109.10-20 my stop is at 109.30
hope that helps
atheer1
  • #2,576
  • Aug 23, 2017 9:20pm Aug 23, 2017 9:20pm
Thanks for the reply. I just want to confirm again. So when the first candle formed in 1H chart whereby the wick touches or cross the line. Means first candle closed below or near R, the open of next candle i should go to lower timeframe to find the setup? I use 15M for engage sometime. So first candle closed below resistance on 1H. Open of next candle i go to M15? Ur Stop do u place 10pips above the wick?
  • #2,577
  • Aug 23, 2017 10:00pm Aug 23, 2017 10:00pm
Quoting hzs10
Thanks for the reply. I just want to confirm again. So when the first candle formed in 1H chart whereby the wick touches or cross the line. Means first candle closed below or near R, the open of next candle i should go to lower timeframe to find the setup? I use 15M for engage sometime. So first candle closed below resistance on 1H. Open of next candle i go to M15? Ur Stop do u place 10pips above the wick?
Attached Image (click to enlarge)
Click to Enlarge Name: S changed into R.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 15M op.png Size: 76 KB


hope that helps
atheer1
  • #2,578
  • Aug 23, 2017 10:05pm Aug 23, 2017 10:05pm
Quoting atheer1
{quote} {image} {image} hope that helps
Thanks for the clarification!, I actually did sell at the example level u gave above. How much above the wick do u advise to put for Stop loss?
  • #2,579
  • Aug 23, 2017 10:16pm Aug 23, 2017 10:16pm
Quoting hzs10
{quote} Thanks for the clarification!, I actually did sell at the example level u gave above. How much above the wick do u advise to put for Stop loss?
If you want not to be out of trade early and not in deep loss upon breakout..........I usually put my stop at the next line above that is to say 109.30.......when this price is reached 109.20 is broken according to my definition of breakout............although some may use the high of the highest OP ..............but that is not my way
atheer1
  • #2,580
  • Aug 23, 2017 10:21pm Aug 23, 2017 10:21pm
Quoting atheer1
{quote} If you want not to be out of trade early and not in deep loss upon breakout..........I usually put my stop at the next line above that is to say 109.30.......when this price is reached 109.20 is broken according to my definition of breakout............although some may use the high of the highest OP ..............but that is not my way
And by the way 109.30-40 is my another sell levels..........but if reached I will be suspicious of bears control and may not take another sell.........and if so I will risk less
atheer1
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