THE only Pattern | Page 154 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Can you trade only one pattern and be profitable? 61 replies

Script to change EA to long only/ short only at a price level? 1 reply

Price pattern scanner where I choose the pattern 4 replies

Pattern programs 1 reply

Attachments: THE only Pattern
Exit Attachments

THE only Pattern

  • #3,061
  • Nov 16, 2017 2:29am Nov 16, 2017 2:29am
Quoting bistolis
{quote} fantastic entry {image}
I hope it will be OK
atheer1
  • #3,062
  • Nov 16, 2017 4:40am Nov 16, 2017 4:40am
Quoting atheer1
{quote} I hope it will be OK
looks pretty good so far
  • #3,063
  • Nov 16, 2017 10:33am Nov 16, 2017 10:33am
both GU and UJ worked out again atheer.. well done.

You found a good area to sell, UJ... it appears to be showing weakness. sell rallies is a term used, and I think it's an apt plan for this pair.. going forward.
It's in fear when people show what they truly value.
  • #3,064
  • Nov 16, 2017 11:36am Nov 16, 2017 11:36am
Quoting ensale
both GU and UJ worked out again atheer.. well done. You found a good area to sell, UJ... it appears to be showing weakness. sell rallies is a term used, and I think it's an apt plan for this pair.. going forward.
Thanks ensale for your encouragement..........have a nice time my friend
atheer1
  • #3,065
  • Nov 17, 2017 4:03am Nov 17, 2017 4:03am
Quoting atheer1
{quote} Thanks ensale for your encouragement..........have a nice time my friend
thanks, I am off for a short winter break for a couple of weeks, I will try to have a good time.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-11-17_09h59_48.png Size: 59 KB


Nice run down on UJ overnight, expected but not traded.. zzzzz for me..
It's in fear when people show what they truly value.
  • #3,066
  • Nov 17, 2017 4:15am Nov 17, 2017 4:15am
Attached Image (click to enlarge)
Click to Enlarge Name: P1.png Size: 8 KB
atheer1
  • #3,067
  • Nov 17, 2017 10:22am Nov 17, 2017 10:22am
Quoting ensale
{quote} thanks, I am off for a short winter break for a couple of weeks, I will try to have a good time. {image} Nice run down on UJ overnight, expected but not traded.. zzzzz for me..
Enjoy your break!
  • #3,068
  • Nov 17, 2017 10:24am Nov 17, 2017 10:24am
Quoting atheer1
{image}
Great runs! Another good week, thanks! Have a good weekend!
  • #3,069
  • Nov 17, 2017 11:03am Nov 17, 2017 11:03am
Quoting ensale
{quote} thanks, I am off for a short winter break for a couple of weeks, I will try to have a good time. {image} Nice run down on UJ overnight, expected but not traded.. zzzzz for me..
Enjoy
atheer1
  • #3,070
  • Nov 17, 2017 11:04am Nov 17, 2017 11:04am
Quoting JvD3
{quote} Great runs! Another good week, thanks! Have a good weekend!
Have a nice weekend
atheer1
  • #3,071
  • Nov 17, 2017 11:08am Nov 17, 2017 11:08am
UJ next station 111.50-60 before some correction
atheer1
  • #3,072
  • Nov 17, 2017 11:15am Nov 17, 2017 11:15am
Gold failed to break S zone of 1260-1265..........we may see it above 1300 again
atheer1
  • #3,073
  • Nov 17, 2017 12:29pm Nov 17, 2017 12:29pm
I have a potential revision to this strategy. Although it is solid, it will give quite a few false runs. Why not wait for a spike, then only buy or sell once the new trend breaks the old trend line. This will be identical to the point where the new trend crosses moving average. You may enter the trade later, and potentially miss profit, but you'll lose less and get stronger signals to enter.
  • #3,074
  • Nov 17, 2017 12:38pm Nov 17, 2017 12:38pm
Quoting Davidhoyle
I have a potential revision to this strategy. Although it is solid, it will give quite a few false runs. Why not wait for a spike, then only buy or sell once the new trend breaks the old trend line. This will be identical to the point where the new trend crosses moving average. You may enter the trade later, and potentially miss profit, but you'll lose less and get stronger signals to enter.
OP
No MA
No trendline
Please show us what you mean
atheer1
  • #3,075
  • Nov 17, 2017 3:09pm Nov 17, 2017 3:09pm
Quoting atheer1
{quote} OP No MA No trendline Please show us what you mean
I will. I'm currently not at a computer, so it's hard to use a pic. Bollinger uses a moving average, and it's included in the metric. It's the line in the middle. You're essentially catching a trend reversal. Since a solid trend has a trendline, why not use ma and trendline to confirm the reversal of the trend before purchasing.
  • #3,076
  • Edited 4:11pm Nov 17, 2017 3:47pm | Edited 4:11pm
Quoting Davidhoyle
{quote} I will. I'm currently not at a computer, so it's hard to use a pic. Bollinger uses a moving average, and it's included in the metric. It's the line in the middle. You're essentially catching a trend reversal. Since a solid trend has a trendline, why not use ma and trendline to confirm the reversal of the trend before purchasing.
Yes you are right..........that BB is on my charts and yes it can be used as a guide to where the price is setting in relation to a MA..........but that is not the essence of the system.........what is essential is what the price did and what it is now doing around certain stations of its journey..........those stations basically are 10 pips apart..........what I was trying to do is to make it crystal clear regarding price action at certain points..............trend lines are subjective and lack the precision which a horizontal line can give you........I am reading your fears of having a wrong entry on reversals because a trend-line still not broken.........but till me how many times you entered a trade on trend-line break only to found that you risked more to confirm and the price did not care of your trend line and reversed totally on you..........Dealing with a bad trades is inherent in trading and our system here give you no subjective way to get out of bad trades as soon as possible.........what you have to work on to make your entry sharp and precise in relation to the system is how to enter on right points which reflect what the price is doing at all time frames at once......and that only come with time and practice.......the more you watch it(price) the more you understand its behavior and the more you trade it with precision..........

I am open to your thoughts........I am sure we will have a nice discussion about those thoughts........looking forward to hear from you
atheer1
  • #3,077
  • Nov 17, 2017 3:48pm Nov 17, 2017 3:48pm
Quoting atheer1
{quote} OP No MA No trendline Please show us what you mean

As you can see, there is a established trendline, a up trend, with a support level. Once the support level is broken, new trend starts. To help confirm a strong downtrend, wait till the regular moving average and price cross. Only buy after a major cross of price and ma. This will confirm movement and prevent loses. Bollinger bands are calculated using 3 mas. average, and a x2 and x-2 standard deviation from ma average to determine the bands location. Wait for ma to confirm the trend. You could also use mac d signals for more confirmation of a true reversal. You'll get less frequent trades, but less stop loses and larger profits. The ma you're looking at is the middle one, or the red line.
Attached Image
  • #3,078
  • Edited 5:05pm Nov 17, 2017 4:52pm | Edited 5:05pm
Quoting Davidhoyle
{quote} As you can see, there is a established trendline, a up trend, with a support level. Once the support level is broken, new trend starts. To help confirm a strong downtrend, wait till the regular moving average and price cross. Only buy after a major cross of price and ma. This will confirm movement and prevent loses. Bollinger bands are calculated using 3 mas. average, and a x2 and x-2 standard deviation from ma average to determine the bands location. Wait for ma to confirm the trend. You could also use mac d signals for more confirmation...
Yes it is up to you to look for confirmation of your trade by this mean or other tools...........it is a matter of risk tolerance...........obviously it comes with drawback of late entry.........but it may or may not impact win rate..............but in my opinion to risk more than 10-20 pips per trade is a non precise way of trading and unnecessary risk to take as far as the OP is concerned with.........
atheer1
  • #3,079
  • Nov 17, 2017 7:23pm Nov 17, 2017 7:23pm
Quoting atheer1
{quote} Yes it is up to you to look for confirmation of your trade by this mean or other tools...........it is a matter of risk tolerance...........obviously it comes with drawback of late entry.........but it may or may not impact win rate..............but in my opinion to risk more than 10-20 pips per trade is a non precise way of trading and unnecessary risk to take as far as the OP is concerned with.........

Agreed. Any more than 5 pips risk is a lot. I normally set my stop loss around 5 or 6. I also wait later to enter a trade to act as a validation of my prediction. As long is I make 30-40 pips every hour of holding a trade I'm good. With commission, in order to attain this risk reward one must catch a trend early on, but while it has upward moment. A 3 pip reversal could force us to cancel a trade prematurely. I want to be pretty sure the trend is in motion before it starts. I also want to know where it will end before hand. Hence why I don't use oscillators or ma much. They tell you of reverses, but not support levels. I need some type of gauge. Like a head and shoulders or wedge pattern where I can take the length of two points and predict trend reversal spots. If the trend is to small, say 10-15 pips, it's a bad buy.
  • #3,080
  • Nov 20, 2017 9:30am Nov 20, 2017 9:30am
Sell UJ from 112.40-50
atheer1
0 traders viewing now