THE only Pattern | Page 208 | 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

  • #4,141
  • Feb 22, 2018 8:58am Feb 22, 2018 8:58am
Quoting Inthebox
{quote} SL is 20 pips below H1 fractal of 1.3896. So I may close if H1 close below 1.3876.
So, your stop loss is practically dynamical.
  • #4,142
  • Feb 22, 2018 9:03am Feb 22, 2018 9:03am
Quoting Mare
{quote} So, your stop loss is practically dynamical.
Yes. At times I am not at my computer to see the close like meal time. But most time I take a look every 30m to 60m during day trading.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,143
  • Feb 22, 2018 9:19am Feb 22, 2018 9:19am
Quoting Mare
I just closed UJ on +60. Still holding UsdChf short.
Nice trade. good to see trader's make good pips. and other's too.
It's in fear when people show what they truly value.
  • #4,144
  • Feb 22, 2018 9:23am Feb 22, 2018 9:23am
It is the day of trend resumption I assume
atheer1
  • #4,145
  • Feb 22, 2018 9:26am Feb 22, 2018 9:26am
boy oh boy some of these moves.
It's in fear when people show what they truly value.
  • #4,146
  • Feb 22, 2018 9:29am Feb 22, 2018 9:29am
Quoting ensale
boy oh boy some of these moves.
Ya. Like you put through such a hugh order that made GU dipped. Lol.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,147
  • Feb 22, 2018 9:36am Feb 22, 2018 9:36am
Quoting Inthebox
{quote} Ya. Like you put through such a hugh order that made GU dipped. Lol.
hahaah.. I went for your stop loss.. knew there was some juicy money there.
It's in fear when people show what they truly value.
  • #4,148
  • Feb 22, 2018 9:42am Feb 22, 2018 9:42am
Quoting ensale
{quote} hahaah.. I went for your stop loss.. knew there was some juicy money there.
You done the same thing to USDCAD. Those happily bought them and held now think otherwise.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,149
  • Feb 22, 2018 10:02am Feb 22, 2018 10:02am
Quoting Inthebox
{quote} You done the same thing to USDCAD. Those happily bought them and held now think otherwise.
When i get out I cause a storm. Can't help it.


I gotta hide now.. people will be wanting revenge. that USDCAD finally hit that target high. off last week.. really good buy latley .. cheap and want's to launch at any opportunity
It's in fear when people show what they truly value.
  • #4,150
  • Feb 22, 2018 10:26am Feb 22, 2018 10:26am
Guyz i want to ask if someone can help me because i dont know where to put the stop loss ..this week all my trades hit the stop loss and some of them around 25 pip and others more but also hit ..i dont know thats why if there is a problem i make or because mainly i traded eurusd this week and it was very bad
thanks in advance
  • #4,151
  • Feb 22, 2018 10:32am Feb 22, 2018 10:32am
USDCAD.

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-02-22_15h54_02.png Size: 61 KB


Day's ahead will see how this level plays. bullish above this level.
It's in fear when people show what they truly value.
  • #4,152
  • Feb 22, 2018 10:49am Feb 22, 2018 10:49am
Quoting Rowad
Guyz i want to ask if someone can help me because i dont know where to put the stop loss ..this week all my trades hit the stop loss and some of them around 25 pip and others more
I don't know how helpful can this be because this is after the fact.
The truth is that this week is a down week. May start reversing today.
When a day candle high/low is broken, then we use the H4 to draw trend line.
At times we may be wrong on the direction, just price deciding to turn or not, but most time should be right.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fxpro-financial-services-3.png Size: 25 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,153
  • Feb 22, 2018 11:00am Feb 22, 2018 11:00am
Quoting Inthebox
{quote} I don't know how helpful can this be because this is after the fact. The truth is that this week is a down week. May start reversing today. When a day candle high/low is broken, then we use the H4 to draw trend line. At times we may be wrong on the direction, just price deciding to turn or not, but most time should be right. {image}
thanks man
I know this week was the opposite of what we expected so its ok but also today i entered eurusd and gbpusd and both hit the stop loss although it went up so i feel that i dont know where to put the stop loss perfectly
  • #4,154
  • Feb 22, 2018 11:23am Feb 22, 2018 11:23am
Quoting Rowad
{quote} thanks man I know this week was the opposite of what we expected so its ok but also today i entered eurusd and gbpusd and both hit the stop loss although it went up so i feel that i dont know where to put the stop loss perfectly
Today is such a day we are not sure price is turning or not. Until maybe about 10 GMT we saw some sign.
But still not sure going up trend or not because do not know whether today's candle will close above yesterday's high.
If you have bot EU and GU, your case is similar as mine. My entries were really off, lousy. You can read and see how I place my SL.
That case was when the price is still below my entries.
But when price is 20 - 25 pips above your entry, you can either put to BE or a hard SL 20 pips below the H1 fractal. It's up to your discretion, not a hard and fast rule.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,155
  • Feb 22, 2018 11:52am Feb 22, 2018 11:52am
Quoting Inthebox
{quote} Today is such a day we are not sure price is turning or not. Until maybe about 10 GMT we saw some sign. But still not sure going up trend or not because do not know whether today's candle will close above yesterday's high. If you have bot EU and GU, your case is similar as mine. My entries were really off, lousy. You can read and see how I place my SL. That case was when the price is still below my entries. But when price is 20 - 25 pips above your entry, you can either put to BE or a hard SL 20 pips below the H1 fractal. It's up to your...
Aha..so when you enter trade at first you dont put stop loss?..until its above ur entry by 20-25 pips?
  • #4,156
  • Edited 1:14pm Feb 22, 2018 12:01pm | Edited 1:14pm
Quoting Rowad
Guyz i want to ask if someone can help me because i dont know where to put the stop loss ..this week all my trades hit the stop loss and some of them around 25 pip and others more but also hit ..i dont know thats why if there is a problem i make or because mainly i traded eurusd this week and it was very bad thanks in advance
Rowad.........a hard stop is where do you think the price should not go.............work on your entries and the stop will be evident.....for example when I said earlier this day buy Gold from 1321-1322...............my stop was just few points below 1320...........why because I don not want to be a buyer when this S is broken............what makes my stop tight is that I entered just at the S...............so what is the reason to wait more than that..........think about it

The less precise the entry the wider the stop........so prepare your postulated entry levels ahead of your trading session and wait for the price to tell you whether to take the trade or not...............do not jump into trades at every move...............try to sell from high and buy from low and BB there to tell you if the price is high or low relative to time frame you are looking at.........or buy and sell breakouts preferably a retest of that broken level...........
atheer1
  • #4,157
  • Feb 22, 2018 12:58pm Feb 22, 2018 12:58pm
Quoting atheer1
{quote} Rowad.........a hard stop is where do you think the price should not go.............work on your entries and the stop will be evident.....for example when I said earlier this day buy Gold from 1321-1322...............my stop was just few points below 1320...........why because I don not be a buyer when this S is broken............what makes my stop tight is that I entered just at the S...............so what is the reason to wait more than that..........think about it The less precise the entry the wider the stop........so prepare your postulated...
thanks Atheer for your help
  • #4,158
  • Feb 22, 2018 1:04pm Feb 22, 2018 1:04pm
In unfamiliar territory, lol woke up to my TP hit. 108 pips, thankfully I added to it, was my best trade in a very long time. Not bragging, just very pleased and thankful.
  • #4,159
  • Feb 22, 2018 1:23pm Feb 22, 2018 1:23pm
Quoting Rlc2269
In unfamiliar territory, lol woke up to my TP hit. 108 pips, thankfully I added to it, was my best trade in a very long time. Not bragging, just very pleased and thankful.
Well done! I assume UJ, Nice run. especially impressed that fomc bull's did not deter you. good work.

Don't see it as bragging at all.
It's in fear when people show what they truly value.
  • #4,160
  • Feb 22, 2018 1:32pm Feb 22, 2018 1:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: breakout1.png Size: 61 KB
atheer1
0 traders viewing now