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THE only Pattern

  • #3,461
  • Jan 10, 2018 8:38am Jan 10, 2018 8:38am
Shorting GBPJPY, 150.940 holding nicely so far.

EDIT: Formed H&S on m1 chart and broke neckline. Let see will it test it or ride without testing. Anyways im still on trade.

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  • #3,462
  • Jan 10, 2018 9:03am Jan 10, 2018 9:03am
Quoting medIce
Shorting GBPJPY, 150.940 holding nicely so far. EDIT: Formed H&S on m1 chart and broke neckline. Let see will it test it or ride without testing. Anyways im still on trade. {image}
Yes it was fueled by the yen rise
atheer1
  • #3,463
  • Jan 10, 2018 9:05am Jan 10, 2018 9:05am
Heres my analyse on GBPJPY and How i manage the trade. Took half out of table and letting rest run.

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  • #3,464
  • Jan 10, 2018 9:13am Jan 10, 2018 9:13am
Quoting medIce
Heres my analyse on GBPJPY and How i manage the trade. Took half out of table and letting rest run. {image}
Good analysis and trade management medIce
atheer1
  • #3,465
  • Jan 10, 2018 9:40am Jan 10, 2018 9:40am
GBPJPY going retest R at 150.90-151................actually it was approaching and down again
atheer1
  • #3,466
  • Jan 10, 2018 9:53am Jan 10, 2018 9:53am
Quoting atheer1
GBPJPY going retest R at 150.90-151................actually it was approaching and down again

Now it was proper test of neckline. Failed and another waterfall. Took allready my positions out.
  • #3,467
  • Jan 10, 2018 6:35pm Jan 10, 2018 6:35pm
UJ 2 levels to look for selling.............111.60-70 ...........111.90-112
atheer1
  • #3,468
  • Jan 10, 2018 7:13pm Jan 10, 2018 7:13pm
Gold ..............1319-1320 is the key..............below 1314-1315.................1309-1310..............above 1325.............1330
atheer1
  • #3,469
  • Edited 7:22am Jan 11, 2018 5:17am | Edited 7:22am
Shorting GU here. 1.34970 Holding so far. Let see how long its holding. H1 Is in downtrend.

EDIT: H1 Chart Bull candles are all with upper wicks. Showing Weakness of bulls.

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Closed half of the position at 1.34880.

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And here is screen of H1, I have H1 and M1 chart on different brokers. I execute on H1 Broker. Here you see my execution.

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Price is heading to test 1.34500 Key level. If you look left on H1 chart it did work as Resistance before. Now resistance can change to support. My TP is little above 1.34500

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Still holding half of position. SL is moved below entry so its still bullet proof trade for me. And allready collected nice profit.

Price retraced from 1.34600 and hit my SL. Anyway good trade, and collected nice profit of it.
  • #3,470
  • Jan 11, 2018 5:27am Jan 11, 2018 5:27am
Quoting medIce
Shorting GU here. 1.34970 Holding so far. Let see how long its holding. H1 Is in downtrend. EDIT: H1 Chart Bull candles are all with upper wicks. Showing Weakness of bulls. {image} Closed half of the position at 1.34880. {image}
nice trade..
It's in fear when people show what they truly value.
  • #3,471
  • Jan 11, 2018 5:36am Jan 11, 2018 5:36am
Quoting ensale
{quote} nice trade..

Thank you. Will be updating on my post, how trade is going. and when im out of positions.
  • #3,472
  • Jan 11, 2018 5:49am Jan 11, 2018 5:49am
Quoting medIce
{quote} Thank you. Will be updating on my post, how trade is going. and when im out of positions.
Like how you took the short after the bull's subsided.. and price stayed sideways before you jumped short on the highs of price in the "channel" "sideways movement"..

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quite smart.. and Didn't wait for breakout or too much confirmation. admire this trade.
It's in fear when people show what they truly value.
  • #3,473
  • Jan 11, 2018 6:02am Jan 11, 2018 6:02am
Quoting ensale
{quote} Like how you took the short after the bull's subsided.. and price stayed sideways before you jumped short on the highs of price in the "channel" "sideways movement".. {image} quite smart.. and Didn't wait for breakout or too much confirmation. admire this trade.
Upper wicks on Blue box was enough confirmation for me, and when it did happen at resistance that was sure for me that there will be trade opportunity. Then i just waited bigger bear candle for my execution.

Price is heading to test 1.34500 and my TP is near that. That level also works as support level, if you look left on H1 chart.
  • #3,474
  • Jan 11, 2018 6:30am Jan 11, 2018 6:30am
Quoting medIce
{quote} Upper wicks on Blue box was enough confirmation for me, and when it did happen at resistance that was sure for me that there will be trade opportunity. Then i just waited bigger bear candle for my execution. Price is heading to test 1.34500 and my TP is near that. That level also works as support level, if you look left on H1 chart.
that's enough to take trade indeed..
It's in fear when people show what they truly value.
  • #3,475
  • Jan 11, 2018 6:36am Jan 11, 2018 6:36am
Interesting reading. I'm excited to look into this.
  • #3,476
  • Jan 11, 2018 7:55am Jan 11, 2018 7:55am
Quoting medIce
{quote} Upper wicks on Blue box was enough confirmation for me, and when it did happen at resistance that was sure for me that there will be trade opportunity. Then i just waited bigger bear candle for my execution. Price is heading to test 1.34500 and my TP is near that. That level also works as support level, if you look left on H1 chart.
nice trading..............hope you closed before it went up
atheer1
  • #3,477
  • Jan 11, 2018 8:13am Jan 11, 2018 8:13am
UJ this day approaches 111.90 and down again indicating continued bearish sentiment
atheer1
  • #3,478
  • Jan 11, 2018 8:17am Jan 11, 2018 8:17am
EU 1.1910-20 served as good S and now it is trading around R of 1.2050-60
atheer1
  • #3,479
  • Jan 11, 2018 8:21am Jan 11, 2018 8:21am
Gold trading above 1319-1320...............could weaken bears above
atheer1
  • #3,480
  • Jan 11, 2018 10:22am Jan 11, 2018 10:22am
Quoting atheer1
{quote} nice trading..............hope you closed before it went up
I closed major of my positions before and i did let small portion run.
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