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THE only Pattern

  • #4,501
  • Mar 6, 2018 1:18am Mar 6, 2018 1:18am
Quoting Rowad
{quote} I think short gbpjpy is good what do you think?
If you are thinking this that means you are not sure. Attach a chart to support a sell.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,502
  • Mar 6, 2018 1:25am Mar 6, 2018 1:25am
Quoting Inthebox
{quote} 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...
thanks man..I really appreciate your effort
bless you
  • #4,503
  • Edited 1:50am Mar 6, 2018 1:36am | Edited 1:50am
Quoting Inthebox
{quote} If you are thinking this that means you are not sure. Attach a chart to support a sell.
Ok in the chart the red line when i wanted to sell and i couldnt find a trend for H4 or H1 but i draw the blue line so it seems it couldnt break the previous high..second what i think shorting gbpusd and shorting usdjpy which means shorting gbpjpy and this thought to support my thinking
what do you think?
and now maybe it is too late to enter coz it dropped 33 pip from the time i said and if we want to enter now we have to put huge sl and that what im trying to avoid
sorry for being late
Attached Image (click to enlarge)
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  • #4,504
  • Mar 6, 2018 1:42am Mar 6, 2018 1:42am
Quoting Rowad
{quote} Ok in the chart the red line when i wanted to sell and i couldnt find a trend for H4 or H1 but i draw the blue line so it seems it couldnt break the previous high..second what i think shorting gbpusd and shorting usdjpy which means shorting gbpjpy and this thought to support my thinking what do you think? and now maybe it is too late to enter coz it dropped 33 pip from the time i said and if we want to enter now we have to put huge sl and that what im trying to avoid
I still see no chart attached. Yes too late. What do you think we need to do?
If you are sure you get 25-30 pips already.
In future, attach a chart for discussion if you are not sure.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,505
  • Mar 6, 2018 2:21am Mar 6, 2018 2:21am
Quoting Rowad
{quote} and now maybe it is too late to enter coz it dropped 33 pip from the time i said and if we want to enter now we have to put huge sl and that what im trying to avoid sorry for being late {image}
My view in M5 not necessary the right one.
H4 red trend line up.
H1 orange trend line down.
Remember I mentioned earlier that you can sell until it meet another trend line or SnR.
SnR is the one that is nearest. One or two SnR away is up to you. In this case you should know which is the stronger SnR. Orange is the minor one.
You can see there were quite a number of opportunities to sell (blue arrow) when reverse from the double top.
Which one you feel safer you take. To me the safer one is going up to retest above resistance and come down.
Too late now. You want a small SL. The green lines show a few scenarios what can happen.
Wait for the retracement to the upper resistance and take your entry.
If it does not retrace, wait for other opportunities in other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m5-fxpro-financial-services-2.png Size: 18 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,506
  • Mar 6, 2018 2:29am Mar 6, 2018 2:29am
Whether I am right or wrong, whether it's suitable for you or not, I really hope that today the newbies can learn one or two things I share here.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,507
  • Mar 6, 2018 2:50am Mar 6, 2018 2:50am
Hi
(USD/JPY)
If the price reach 105.8 , there is a high probability that it will correct at a level 106.0
so i suggest to move the SL to the entry point
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There is Light at the End of the Tunnel.
  • #4,508
  • Mar 6, 2018 2:56am Mar 6, 2018 2:56am
Quoting Inthebox
{quote} My view in M5 not necessary the right one. H4 red trend line up. H1 orange trend line down. Remember I mentioned earlier that you can sell until it meet another trend line or SnR. SnR is the one that is nearest. One or two SnR away is up to you. In this case you should know which is the stronger SnR. Orange is the minor one. You can see there were quite a number of opportunities to sell (blue arrow) when reverse from the double top. Which one you feel safer you take. To me the safer one is going up to retest above resistance and come down....
how is the orange trendline is down?
  • #4,509
  • Mar 6, 2018 2:57am Mar 6, 2018 2:57am
Quoting Rowad
{quote} how is the orange trendline is down?
Is price above or below the trend line?
Ok. The English.
The trend line is slanting up. Price is below trend line = down trend
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,510
  • Mar 6, 2018 3:05am Mar 6, 2018 3:05am
Quoting Inthebox
{quote} Is price above or below the trend line? Ok. The English. The trend line is slanting up. Price is below trend line = down trend
Yaa i got your point
  • #4,511
  • Mar 6, 2018 3:08am Mar 6, 2018 3:08am
Is there any good shot ?? I cant see any thing !
There is Light at the End of the Tunnel.
  • #4,512
  • Mar 6, 2018 3:08am Mar 6, 2018 3:08am
Quoting Rowad
{quote} Yaa i got your point
If I go to your country, bring me to the Jordan river to swim ok?
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,513
  • Mar 6, 2018 3:10am Mar 6, 2018 3:10am
Quoting Ali.J
Is there any good shot ?? I cant see any thing !
One hour into London open. May reverse. Or have to wait till NY open. Lol.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4,514
  • Mar 6, 2018 3:18am Mar 6, 2018 3:18am
Thats me after 99999 practice year . LOL
https://www.forexfactory.com/gurangax
There is Light at the End of the Tunnel.
  • #4,515
  • Mar 6, 2018 3:18am Mar 6, 2018 3:18am
Looks like will have to wait.

atheer must be on a much deserved holiday.
It's in fear when people show what they truly value.
  • #4,516
  • Mar 6, 2018 3:22am Mar 6, 2018 3:22am
Not a trade idea. but triangle on dow. Looks like they want to break it higher but frustrate as many as possible before doing that. (m5)
It's in fear when people show what they truly value.
  • #4,517
  • Mar 6, 2018 3:22am Mar 6, 2018 3:22am
Quoting ensale
Looks like will have to wait. atheer must be on a much deserved holiday.
Aether is a doctor, and his responsibilities and duties are many.
There is Light at the End of the Tunnel.
  • #4,518
  • Mar 6, 2018 3:28am Mar 6, 2018 3:28am
Quoting Ali.J
Thats me after 99999 practice year . LOL https://www.forexfactory.com/gurangax
Incredible performance. Wonder why we've not seen him again.
It's in fear when people show what they truly value.
  • #4,519
  • Mar 6, 2018 3:30am Mar 6, 2018 3:30am
Quoting ensale
{quote} Incredible performance. Wonder why we've not seen him again.
I think he is full saturated by money hhhhhhhh LOL
There is Light at the End of the Tunnel.
  • #4,520
  • Mar 6, 2018 3:41am Mar 6, 2018 3:41am
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There is Light at the End of the Tunnel.
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