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THE only Pattern

  • #3,621
  • Feb 6, 2018 6:19am Feb 6, 2018 6:19am
At BE.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,622
  • Feb 6, 2018 7:33am Feb 6, 2018 7:33am
EU BE hit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,623
  • Feb 6, 2018 8:18am Feb 6, 2018 8:18am
Quoting Inthebox
EU BE hit. {image}
Nice trade!

BE = buy exit?
  • #3,624
  • Feb 6, 2018 8:29am Feb 6, 2018 8:29am
Quoting cometome
{quote} Nice trade! BE = buy exit?
BE = Break Even. 2 to 3 pips profit above my purchase price.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,625
  • Feb 6, 2018 8:35am Feb 6, 2018 8:35am
GU TP hit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,626
  • Feb 6, 2018 1:46pm Feb 6, 2018 1:46pm
Quoting atheer1
UJ at R of 109.50-60..............if not broken up it will send it down
Hey Atheer...are you still short on this??
  • #3,627
  • Feb 6, 2018 7:20pm Feb 6, 2018 7:20pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,628
  • Feb 6, 2018 10:14pm Feb 6, 2018 10:14pm
From the Asian Session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,629
  • Feb 6, 2018 10:44pm Feb 6, 2018 10:44pm
Waiting for something to happen?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,630
  • Feb 6, 2018 11:50pm Feb 6, 2018 11:50pm
Quoting Inthebox
Waiting for something to happen? {image} {image}
Hi..do you think it is good to short now??
  • #3,631
  • Feb 6, 2018 11:56pm Feb 6, 2018 11:56pm
Quoting Rowad
{quote} Hi..do you think it is good to short now??
You have to decide yourself. You learn better. Take a look at H4 chart and draw a trendline. Also you have to see where the momentum is heading not just the trendline.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,632
  • Feb 7, 2018 12:03am Feb 7, 2018 12:03am
Quoting Inthebox
{quote} You have to decide yourself. You learn better. Take a look at H4 chart and draw a trendline. Also you have to see where the momentum is heading not just the trendline.
i asked you coz it shows to go short on the trendline if im not mistaken right??..but can you explain more abbout the momentum i do not know how to use it

it seems that it went short and now im late to enter
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  • #3,633
  • Feb 7, 2018 12:12am Feb 7, 2018 12:12am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,634
  • Edited 12:46am Feb 7, 2018 12:35am | Edited 12:46am
Rowad,

This is my own take:

1) Price below H4 trendline = Sell
2) Red = Impulsive move. Blue = Corrective move.
3) Look for D1 and H1 fractals. As mentioned in Atheer1's thread. To me, D1 fractal more accurate but lesser opportunity.
4) Trade can be breakout or breakout retrace continuation moves.
5) Be careful of the 4th impulsive move. Could be the last one according to Elliot Wave.

Hope that helps in your practice.
Btw, the blue horizon line is a fractal that I draw as mentioned in 3 above.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,635
  • Feb 7, 2018 12:42am Feb 7, 2018 12:42am
Thinking. Wish more people can participate to spot more trade opportunities.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,636
  • Feb 7, 2018 1:02am Feb 7, 2018 1:02am
Quoting Inthebox
Rowad, This is my own take: 1) Price below H4 trendline = Sell 2) Red = Impulsive move. Blue = Corrective move. 3) Look for D1 and H1 fractals. As mentioned in Atheer1's thread. To me, D1 fractal more accurate but lesser opportunity. 4) Trade can be breakout or breakout retrace continuation moves. 5) Be careful of the 4th impulsive move. Could be the last one according to Elliot Wave. Hope that helps in your practice. Btw, the blue horizon line is a fractal that I draw as mentioned in 3 above. {image}
thanks ... i want to ask you how do u know if it is breakout or breakout retrace?? if it is above the trend line so it will be a breakout??..and that is the momentum you told me about??..and for 4th impulsive move according to Elliot wave can you explain more what it does say??
  • #3,637
  • Feb 7, 2018 1:27am Feb 7, 2018 1:27am
Honestly I have no way of knowing whether it is Breakout or BRC. That is why the Stop Loss is there.
Do not concentrate on the trend line. So long price is below the trend line, only sell trades. Above trend line, only buy trades.
After knowing whether to buy or sell, Concentrate on the fractals (just like support and resistance) for Breakout or BRC.
The momentum is the impulsive move. When you see that, wait for the corrective move to the fractal for trade set up.
You can google if you want to know more of EW.
Briefly, price moves in in 5 waves - impulsive corrective impulsive corrective impulsive.
I am not into EW as in a strong trend, it can have 7 waves, 9 waves ..... etc.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,638
  • Feb 7, 2018 1:39am Feb 7, 2018 1:39am
BE hit for EU and NU.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,639
  • Feb 7, 2018 2:08am Feb 7, 2018 2:08am
Close. Do not like the tail.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,640
  • Feb 7, 2018 2:36am Feb 7, 2018 2:36am
All trades closed.
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ITB - Seeing Orderliness amongst 'Randomness'
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