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THE only Pattern

  • #3,681
  • Feb 8, 2018 8:30am Feb 8, 2018 8:30am
Quoting Inthebox
{quote} Approaching yesterday's low.
you think it'll bounce? 70 pips all told.. out.
It's in fear when people show what they truly value.
  • #3,682
  • Feb 8, 2018 8:40am Feb 8, 2018 8:40am
Quoting ensale
{quote} you think it'll bounce? 70 pips all told.. out.
Bounce 30 pips. Sometimes the day open will be a magnet.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,683
  • Feb 8, 2018 8:46am Feb 8, 2018 8:46am
Quoting Inthebox
{quote} Bounce 30 pips. Sometimes the day open will be a magnet.
good chance to get back in there?
It's in fear when people show what they truly value.
  • #3,684
  • Feb 8, 2018 8:54am Feb 8, 2018 8:54am
Quoting ensale
{quote} good chance to get back in there?
I am not trading anymore. Risky if it breaks the W formation in M1.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,685
  • Feb 8, 2018 8:57am Feb 8, 2018 8:57am
Quoting Inthebox
{quote} I am not trading anymore. Risky if it breaks the W formation in M1.
okay. volume and action will start to get quiet now too.
It's in fear when people show what they truly value.
  • #3,686
  • Feb 8, 2018 9:05am Feb 8, 2018 9:05am
108.80-90 UJ S but it should not hold for long time........although bounce on lower time frames is significant
atheer1
  • #3,687
  • Feb 8, 2018 10:05am Feb 8, 2018 10:05am
UJ bears want to trigger long orders around 108.50
atheer1
  • #3,688
  • Feb 8, 2018 10:24am Feb 8, 2018 10:24am
USDCAD you can consider Short...........as long as 1.2620 is intact
atheer1
  • #3,689
  • Feb 8, 2018 11:27am Feb 8, 2018 11:27am
Gold the second day in a row where it failed to close below 1315...............this could be a sign of reversal on the daily.............We may start to think north from here.........
atheer1
  • #3,690
  • Feb 8, 2018 11:47am Feb 8, 2018 11:47am
atheer if you were trading monthly zones on the daily for swing trades, how many pip stop loss would you use?
  • #3,691
  • Edited 12:12pm Feb 8, 2018 11:59am | Edited 12:12pm
Quoting mmb91
atheer if you were trading monthly zones on the daily for swing trades, how many pip stop loss would you use?
50-100 pips is possible.........but not always feasible............but more than that is not practical at all..........

For example I could short USDCAD from 1.26 relying on that 1.2620-30 Could hold and for that I will put my stop at around 1.2640-50............so if you are risking 50 pip you must expect 100-200 to be practical.........
atheer1
  • #3,692
  • Feb 8, 2018 2:49pm Feb 8, 2018 2:49pm
108.50 looks to me to be the low, looking at month and week and a dominate collapsing triangle there long term and it shows good support at 108.5. I went long at 108.74, set SL at 108.44. lol life as a trader
  • #3,693
  • Feb 8, 2018 3:09pm Feb 8, 2018 3:09pm
Quoting Rlc2269
108.50 looks to me to be the low, looking at month and week and a dominate collapsing triangle there long term and it shows good support at 108.5. I went long at 108.74, set SL at 108.44. lol life as a trader
Bearish momentum is still there.............so I expect a test to 108.50 during the Asian session.............If this level is not capable of sending UJ back to above 109.20..........apparently it can not be the low and more to the south is expected
atheer1
  • #3,694
  • Feb 8, 2018 3:23pm Feb 8, 2018 3:23pm
Quoting atheer1
{quote} Bearish momentum is still there.............so I expect a test to 108.50 during the Asian session.............If this level is not capable of sending UJ back to above 109.20..........apparently it can not be the low and more to the south is expected
Lol, I'm going it holds, positive thought
  • #3,695
  • Feb 8, 2018 3:38pm Feb 8, 2018 3:38pm
Quoting Rlc2269
{quote} Lol, I'm going it holds, positive thought
I Like your confidence
atheer1
  • #3,696
  • Feb 8, 2018 3:55pm Feb 8, 2018 3:55pm
EU as long it is trading above 1.2240-50.............the Up move will reestablished again..............
atheer1
  • #3,697
  • Feb 8, 2018 5:37pm Feb 8, 2018 5:37pm
2 weekly inside bars.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,698
  • Feb 8, 2018 5:46pm Feb 8, 2018 5:46pm
Sell UJ from 108.9XX
atheer1
  • #3,699
  • Feb 8, 2018 5:48pm Feb 8, 2018 5:48pm
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  • #3,700
  • Feb 8, 2018 6:07pm Feb 8, 2018 6:07pm
UJ simply loves triangle. The grandfather of it all on monthly.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
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