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THE only Pattern

  • #4,061
  • Feb 21, 2018 3:55am Feb 21, 2018 3:55am
Quoting Mare
{quote} For a while, I've been thinking about this kind of situation. How did you know atheer that price won't reach 108.10 for instance?
Look at the high of 14/2(107.903).......and lower time frames during Asian session...............I call this an educated guess............surely you can add fibs to your reasons to take the trade............
atheer1
  • #4,062
  • Feb 21, 2018 3:57am Feb 21, 2018 3:57am
Quoting Rowad
{quote} if we draw a trend line for EU it shows on the trend it can reach to 1.2277 so what do you think?
i do not know whether Atheer1 uses trendline. You mean price will go down? Can you show on a chart the trendline and SnR.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,063
  • Feb 21, 2018 3:59am Feb 21, 2018 3:59am
Quoting atheer1
{quote} Look at the high of 14/2(107.903).......and lower time frames during Asian session...............I call this an educated guess............
Don't get me wrong. A bit of sense of humour from you..... that's nice.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,064
  • Feb 21, 2018 4:04am Feb 21, 2018 4:04am
Quoting Inthebox
{quote} i do not know whether Atheer1 uses trendline. You mean price will go down? Can you show on a chart the trendline and SnR.
i hope it will not reach there since i have some from 1.23600 but im afraid if it will follow the trend line it reach there then it retrace
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 29 KB
  • #4,065
  • Feb 21, 2018 4:09am Feb 21, 2018 4:09am
@atheer1,what is your TP target for day trading? thanks in advance :]
  • #4,066
  • Feb 21, 2018 4:09am Feb 21, 2018 4:09am
Quoting atheer1
{quote} Look at the high of 14/2(107.903).......and lower time frames during Asian session...............I call this an educated guess............surely you can add fibs to your reasons to take the trade............
Yes, just as we assumed.
  • #4,067
  • Feb 21, 2018 4:19am Feb 21, 2018 4:19am
Quoting nozzer
@atheer1,what is your TP target for day trading? thanks in advance :]
for intraday 50 pip is good primary target..............but always get what you can is the rule............or exit partially at important levels...........leave some if you feel that momentum is with you
atheer1
  • #4,068
  • Feb 21, 2018 4:25am Feb 21, 2018 4:25am
Quoting Rowad
{quote} i hope it will not reach there since i have some from 1.23600 but im afraid if it will follow the trend line it reach there then it retrace {image}
That is quite a distance away using the D1 chart. I will feel the pain using that as SL if I am a day trader. I will be afraid if I have big lots.
Alternative view. Use H4 trendline so that you have smaller SL. I think price has almost touch it and bounce up.
You see. One is inner trendline, the other outer trendline. The inner trendline has to be broken before proceeding to the outer.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,069
  • Feb 21, 2018 4:34am Feb 21, 2018 4:34am
Quoting Inthebox
{quote} That is quite a distance away using the D1 chart. I will feel the pain using that as SL if I am a day trader. I will be afraid if I have big lots. Alternative view. Use H4 trendline so that you have smaller SL. I think price has almost touch it and bounce up. You see. One is inner trendline, the other outer trendline. The inner trendline has to be broken before proceeding to the outer.
ya i got your point..thanks
  • #4,070
  • Feb 21, 2018 4:39am Feb 21, 2018 4:39am
Quoting Rowad
{quote} i hope it will not reach there since i have some from 1.23600 but im afraid if it will follow the trend line it reach there then it retrace {image}
Yes Rowad I can be wrong and 1.2310 breaks down..........as 1.2330-40 still pushing it down..............but if broken up reverse could happen.
atheer1
  • #4,071
  • Feb 21, 2018 6:02am Feb 21, 2018 6:02am
Quoting Inthebox
{quote} At that moment, the price came down very fast. I didn't know what to do. Will explain in M1.{image}
The things that desperate gambler do to get attention but will not change old habits. He pm me to help. I am sure at the same he pm many too. He has a thread that he lost 4k which in his country is quite a big sum. He wanted $10 - $20 per day profit, which is 20 - 40% per month. I advised him to learn from a youtube channel so that he can learn a method himself. He was not interested but wanted signals to regain his lost. Of course I rejected him as he does not want to work hard to learn but shortcuts and quick fixes to regain his loss.
Quite a few came to his help though. Some willing to coach him and assure him that he can regain his loss in 3 months. Some even willing to give him a small amount to start off......
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,072
  • Feb 21, 2018 6:27am Feb 21, 2018 6:27am
Laptop with SSD is great. I hardly feel any heat. My hard disk one burnt out running 15 hours per day.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,073
  • Feb 21, 2018 7:06am Feb 21, 2018 7:06am
EU has to make move now... but it seems doing his thing over shoot before pull up
"bad trades at times do happen even when the set up are good"
  • #4,074
  • Feb 21, 2018 7:09am Feb 21, 2018 7:09am
Quoting spijack
EU has to make move now... but it seems doing his thing over shoot before pull up
Thank you. Buy EU around 1.2305. Been waiting for NY open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,075
  • Feb 21, 2018 7:11am Feb 21, 2018 7:11am
Quoting Inthebox
{quote} The things that desperate gambler do to get attention but will not change old habits. He pm me to help. I am sure at the same he pm many too. He has a thread that he lost 4k which in his country is quite a big sum. He wanted $10 - $20 per day profit, which is 20 - 40% per month. I advised him to learn from a youtube channel so that he can learn a method himself. He was not interested but wanted signals to regain his lost. Of course I rejected him as he does not want to work hard to learn but shortcuts and quick fixes to regain his loss....
He must have been making major risk errors to lose that much or bad trading. Hope he learns. trader's should/have be warned of taking too much risk.
It's in fear when people show what they truly value.
  • #4,076
  • Feb 21, 2018 7:16am Feb 21, 2018 7:16am
Quoting ensale
{quote} He must have been making major risk errors to lose that much or bad trading. Hope he learns. trader's should/have be warned of taking too much risk.
He is 28 years old, still young. He is now in a maze. He does not have final destination to aim for. Hope he comes to his senses soon. Ya...... time is the greatest healer....
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,077
  • Feb 21, 2018 7:28am Feb 21, 2018 7:28am
Counter trend entries for the day need to go up above today's open in 3 hours time. Or else who knows what will happen after London closes.......
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,078
  • Feb 21, 2018 7:47am Feb 21, 2018 7:47am
I expect GBP inflation hearing in half hour to be key for GBP. especially after last week with USD. What I can tell you about UK, and being in touch with businesses is that inflation and prices have increased, europe has being a part of that even though we are not out of EU Yet.

Don't expect GBP strong or weak. just trade price.
It's in fear when people show what they truly value.
  • #4,079
  • Feb 21, 2018 7:52am Feb 21, 2018 7:52am
Quoting Rowad
I think short usdcad from around 1.26400 is good now with tight stop loss
Thanks for posting. only comment I have, is this lost because you went against the momentum. With the OP we do step infront of train's but try do it smartly . each loss can teach trader's a lesson. so keep posting your views. thank you.
It's in fear when people show what they truly value.
  • #4,080
  • Feb 21, 2018 7:53am Feb 21, 2018 7:53am
Quoting ensale
I expect GBP inflation hearing in half hour to be key for GBP. especially after last week with USD. What I can tell you about UK, and being in touch with businesses is that inflation and prices have increased,
Yeah. Not touching it. Look GU head is peeking above water now......some indication......... but first must get above yesterday's low.
ITB - Seeing Orderliness amongst 'Randomness'
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