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THE only Pattern

  • #4,481
  • Edited 8:45am Mar 5, 2018 8:19am | Edited 8:45am
Quoting ensale
{quote} I Didn't want to say earlier but seems ali is a rich arab.. who is helping trades. bless him. he even fixed the GBP earlier for you.
It's a joke guy's but never know.

Thank you ali and inthebox for the trade post's
It's in fear when people show what they truly value.
  • #4,482
  • Mar 5, 2018 8:25am Mar 5, 2018 8:25am
Quoting Inthebox
Rowad If you had taken the GU trade. Much higher now. Good for you.
I was in short for it then when you entered for long i closed them at loss and entered for long at 1.3820 then it dropped so i closed them when it returned back to 1.3820 ..so hope to catch smthg soon anyway thanks for clarification coz if i stayed in short my loss will be higher now
  • #4,483
  • Mar 5, 2018 9:11am Mar 5, 2018 9:11am
Quoting Rowad
{quote} I was in short for it then when you entered for long i closed them at loss and entered for long at 1.3820 then it dropped so i closed them when it returned back to 1.3820 ..so hope to catch smthg soon anyway thanks for clarification coz if i stayed in short my loss will be higher now
Maybe you have sold before I sent #Post 4,444. Do you understand that post?
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,484
  • Mar 5, 2018 9:15am Mar 5, 2018 9:15am
Oil/USD
Sell @ 65.50
SL 65.80 (30 pip)
TP 65.10 (33 pip)
There is Light at the End of the Tunnel.
  • #4,485
  • Mar 5, 2018 9:19am Mar 5, 2018 9:19am
Quoting Inthebox
{quote} Maybe you have sold before I sent #Post 4,444. Do you understand that post?
Seriously i didnt get it and i was short at 1.3788 then i wanted to reload at 1.3835 when i asked
  • #4,486
  • Mar 5, 2018 9:23am Mar 5, 2018 9:23am
Sold UJ 105.98. Reason H1 resistance, BRN 106, Ali's fib 38.2.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,487
  • Edited 9:49am Mar 5, 2018 9:39am | Edited 9:49am
Quoting Rowad
{quote} Seriously i didnt get it and i was short at 1.3788 then i wanted to reload at 1.3835 when i asked
Ok I explain. Look at H1 previous day high and low. High was penetrated, low was not. Tendency is for price wanting to go up, but not sure, can be a fake breakout. Look at today's low, the H1 bar shot up from there quite big, which helped to determine it wanted to go up. The actual confirmation for me is breaking the trendline and horizontal red line going up #Post 4460. But I took my chance earlier.
I think you have forgotten what I told you earlier. Price is above H4 trendline, so bias is up. Then you look for every reasons you can find to add confirmation for you to buy only, no sell.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,488
  • Mar 5, 2018 9:39am Mar 5, 2018 9:39am
Quoting Inthebox
Sold UJ 105.98. Reason H1 resistance, BRN 106, Ali's fib 38.2.
that Pair in LOVE with 50 Fibo. retracement . be careful
There is Light at the End of the Tunnel.
  • #4,489
  • Mar 5, 2018 9:44am Mar 5, 2018 9:44am
Quoting Ali.J
{quote} that Pair in LOVE with 50 Fibo. retracement . be careful
Noted thanks. Two small reccee soldiers. Intend to slowly add more.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,490
  • Mar 5, 2018 9:54am Mar 5, 2018 9:54am
Quoting Inthebox
{quote} Ok I explain. Look at H1 previous day high and low. High was penetrated, low was not. Tendency is for price wanting to go up, but not sure, can be a fake breakout. Look at today's low, the H1 bar shot up from there quite big, which helped to determine it wanted to go up. The actual confirmation for me is breaking the trendline and horizontal red line going up #Post 4460. But I took my chance earlier. I think you have forgotten what I told you earlier. Price is above H4 trendline, so bias is up. Then you look for every reasons you can find...
thanks man..first what is the meaning of bias?..second the H4 trendline as im drawing it in the attached picture?..is it right?(im asking about this since its a new trend so i mean by asking is it fair to draw trendline based on a small period of time)
and actual confirmation of breaking the trendline you mean the one you draw in M5 right?..what is the horizontal line why it should be above it to confirm?
Attached Image (click to enlarge)
Click to Enlarge Name: CFABFD6E-C780-490F-83C0-B4E1FF94E4B0.jpeg Size: 221 KB
  • #4,491
  • Mar 5, 2018 10:02am Mar 5, 2018 10:02am
Quoting Rowad
{quote} thanks man..first what is the meaning of bias?..second the H4 trendline as im drawing it in the attached picture?..is it right? {image}
Bias = your intended favored direction up or down.
This one. The one you drawn slanting upward trendline is to tell you your bias will change to down if it is broken.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,492
  • Mar 5, 2018 10:17am Mar 5, 2018 10:17am
Quoting Ali.J
{quote} that Pair in LOVE with 50 Fibo. retracement . be careful
Alright. Game on.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,493
  • Mar 5, 2018 10:20am Mar 5, 2018 10:20am
Quoting Inthebox
{quote} Bias = your intended favored direction up or down. This one. The one you drawn slanting upward trendline is to tell you your bias will change to down if it is broken. {image}
Thank you very much
  • #4,494
  • Mar 5, 2018 10:35am Mar 5, 2018 10:35am
Bot Gold around 1319.5
SL 1317
TP 1327

Good night.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,495
  • Mar 5, 2018 12:26pm Mar 5, 2018 12:26pm
Sold UJ at 105.55 with trailing stop. Looks like strong resistance at 106.300-.400, right between the 50 and 62% retracement level. Placed a sell order at 106.350. I based the resistance off the week chart, 2 places of resistance. Currently it seems glued to the 50% retrace level, Ali's comment about 50% does make me want to sell 1/2 now tho, lol
  • #4,496
  • Edited 7:01pm Mar 5, 2018 6:25pm | Edited 7:01pm
Quoting Rowad
{quote} (im asking about this since its a new trend so i mean by asking is it fair to draw trendline based on a small period of time) and actual confirmation of breaking the trendline you mean the one you draw in M5 right?..what is the horizontal line why it should be above it to confirm? {image}
2nd part of your question, 1st part I have answered. I think it's time for you to know more advance methods of using trend line on multi time frame.
You were just learning, so at first I asked you to focus on the H4 chart red trend line. Above it buy, below it sell.
On H1 chart you can draw the orange trend line. Above it buy, below it sell. In this case, below it you can sell until the upward sloping H4 red trend line or SnR (H1 and above), whichever comes first. Then expect price to bounce up from there.
The smaller M15 white trend line is for your entry. In this case, the H4 and/or H1 trend line indicate that you should buy only, no sell.
When the price bar close above the white trend line you can buy.
For a better confirmation, wait for price bar to close above the horizontal M15 fractal white line. It's up to you to wait or not.

PS. Horizontal support and resistance on D1, H4, H1 is still the best place to look for trade entry as it gives you the best price.
I mentioned trend line because many newbies have a lot of difficulty spotting the right SnR.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fxpro-financial-services-3.png Size: 26 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,497
  • Mar 5, 2018 7:22pm Mar 5, 2018 7:22pm
Whatever they say, I am indeed truly blessed to be here. Would like to stay in Denmark for a month though, to experience life there.
http://www.scmp.com/lifestyle/health...money-security
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,498
  • Mar 5, 2018 8:06pm Mar 5, 2018 8:06pm
Quoting Ali.J
{quote} that Pair in LOVE with 50 Fibo. retracement . be careful
This time is on the 50 fib on H4 weekly.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,499
  • Mar 5, 2018 10:40pm Mar 5, 2018 10:40pm
sell eu 1.2340-50
sell gu 1.3840-50
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,500
  • Mar 5, 2018 10:59pm Mar 5, 2018 10:59pm
Quoting Inthebox
sell eu 1.2340-50 sell gu 1.3840-50
I think short gbpjpy is good what do you think?
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