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  • #1,130,021
  • Edited 5:13am Aug 25, 2017 5:03am | Edited 5:13am
Quoting ZenNy
{quote} Sam Sorry, I was not referring to you in particular.....I read about BO and I thought I could share something........In my daily practice I am also very aware of those patterns.....they repeat themselves often and they work wonders in the right market conditions.......

if you scale down to the 5m, prices were in a bear channel, prices broke below the channel line and below the previous day low coming into the LO, the break did not have any build up.....counter traders smell that and they get ready......some counter traders are really smart.....they only do that...

It was also a opening morning reversal........it was the low of the day until now...the reversal bar was strong confirming the theory.....7 bars after that we had a LH.....which is a second entry and a safer one.....
trading is simple but is simple is not easy.
  • #1,130,022
  • Aug 25, 2017 5:05am Aug 25, 2017 5:05am
theres very high probability for eurusd going up even higher next week the attemp to breakout on udx 1hr chart failed.
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100% KENYAN.
  • #1,130,023
  • Aug 25, 2017 5:11am Aug 25, 2017 5:11am
Quoting Connors
{quote} I dunno mate. However, I seriously doubt that we have seen neither the high nor the low of the day.
We have seen some bars though, haven't we?! EG keeps it contained... for now. Look at the structure of EU last weeks in hourly and look at EG. All the trading happens with EG on mind, EU is directionless, can spike up, down, no technical targets for now, just aimless drawing another chart.

Your SJ long was a success!
  • #1,130,024
  • Aug 25, 2017 5:11am Aug 25, 2017 5:11am
Quoting yanitsa
{quote} The bank dealers trade them with almost 100% success , but have the advantage to know the volumes .
Yes........ I think their advantage is the speed...we cannot compete with that from our home where our kids are screaming and our wives want to have more sex (only kidding, I hope am not offending anyone again)....but if you let the speed settle then it comes down to skills.....

Market movers fight against each other and it is all in the bar.

Yes the best traders only trade based on PA......I think.
trading is simple but is simple is not easy.
  • #1,130,025
  • Aug 25, 2017 5:14am Aug 25, 2017 5:14am
WELL LOOKS LIKE i WAS RIGHT!!!!

Studying pays off!!! The tip of the candle gave it away.
  • #1,130,026
  • Aug 25, 2017 5:16am Aug 25, 2017 5:16am
Quoting Samson85
WELL LOOKS LIKE i WAS RIGHT!!!! Studying pays off!!! The tip of the candle gave it away.

well done mate, great trade.
trading is simple but is simple is not easy.
  • #1,130,027
  • Aug 25, 2017 5:18am Aug 25, 2017 5:18am
Quoting Samson85
WELL LOOKS LIKE i WAS RIGHT!!!! Studying pays off!!! The tip of the candle gave it away.
nice prediction,whats your target price?
100% KENYAN.
  • #1,130,028
  • Aug 25, 2017 5:18am Aug 25, 2017 5:18am
Quoting Connors
{quote} Lol! I assume you are not holding anything, began closing positions already, waiting for 1.1790 to call it a week tbh.
Got many shorts EU, avg around 1.18, many shorts EG, avg around 0.9220. For today they are just offseting each other, will keep it through the weekend and into the next week. EU tgt 1.1620, EG tgt 0.8950 or about there. EU stops 1.1880, EG gonna leave it for long time or .9350. If Draghi decides to close them, then will reevaluate next week.

Since it closed all the mini gaps upside, EUR is free to move south now to close the ones at 1784, 1771 and some lower which I forget. If it doesn't then they will be closed next month (i.e. going 1.19+).
  • #1,130,029
  • Aug 25, 2017 5:20am Aug 25, 2017 5:20am
So here's my theory.. core durable goods will push it up to 45.. down to 1760 and back up to new highs
  • #1,130,030
  • Aug 25, 2017 5:20am Aug 25, 2017 5:20am
Quoting executivefx
{quote} nice prediction,whats your target price?
Lol I dont know. I just know its going down, but it may fly back up now as we have US data release in 10 minutes.
  • #1,130,031
  • Aug 25, 2017 5:20am Aug 25, 2017 5:20am
long at 1.18034

update:

and ready for BE
  • #1,130,032
  • Aug 25, 2017 5:26am Aug 25, 2017 5:26am
Quoting Samson85
{quote} Lol I dont know. I just know its going down, but it may fly back up now as we have US data release in 10 minutes.
if i was you i wud lock some profits,forex is the only business in the world that does not only let you count your chicks before they hatch but also lets you see them before they disappear.
100% KENYAN.
  • #1,130,033
  • Aug 25, 2017 5:27am Aug 25, 2017 5:27am
which first 1750 or 1850?
trading is simple but is simple is not easy.
  • #1,130,034
  • Aug 25, 2017 5:28am Aug 25, 2017 5:28am
Closed both CAD and Gold .
0.3 % loss
  • #1,130,035
  • Aug 25, 2017 5:29am Aug 25, 2017 5:29am
Anyone else on the sidelines for the day? I mean with Draghi and Yellen speaking today...who knows what will happen?? I'm currently 100% cash.
  • #1,130,036
  • Aug 25, 2017 5:30am Aug 25, 2017 5:30am
Quoting Connors
{quote} That would be a great trade set up for me only if it weren't today. Reduce your trading lots and let the dust settle, that is the only thing I have on my mind for today.
Yep, if it would be Wednesday I would agree. It's one direction trade today, but I don't know which one
  • #1,130,037
  • Aug 25, 2017 5:35am Aug 25, 2017 5:35am
I think we should start doing a trader of the week competition rounding up every Friday.

Although I dont think anyone could warrant a deserved win this week.
  • #1,130,038
  • Edited 5:51am Aug 25, 2017 5:39am | Edited 5:51am
Quoting Samson85
I think we should start doing a trader of the week competition rounding up every Friday. Although I dont think anyone could warrant a deserved win this week.
speak for yourself some people made it big this week.
100% KENYAN.
  • #1,130,039
  • Aug 25, 2017 5:41am Aug 25, 2017 5:41am
Quoting executivefx
{quote} speak for yourself some people made it big this week.https://www.forexfactory.com/789878
It's probably a demo .
  • #1,130,040
  • Aug 25, 2017 5:42am Aug 25, 2017 5:42am
Quoting executivefx
{quote} speak for yourself some people made it big this week.https://www.forexfactory.com/789878
I don't think one would have to judge on the income made but overall improvement as a trader.
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