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THE only Pattern

  • #5,081
  • Mar 26, 2018 11:10pm Mar 26, 2018 11:10pm
I'm hoping for the retest of, 105.80. I have a sell order in there and will add to it at 105.40 if all goes well.
  • #5,082
  • Edited 3:31am Mar 27, 2018 3:21am | Edited 3:31am
Quoting Inthebox
{image}
Quoting Inthebox
{quote} gj sl hit. reenter due to last week high.
gj tp 78 pips. risking larger sl as near last week high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,083
  • Mar 27, 2018 3:28am Mar 27, 2018 3:28am
Quoting Inthebox
{image}
gu tp 68 pips. risking larger sl as near last week high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,084
  • Mar 27, 2018 8:39am Mar 27, 2018 8:39am
Quoting Inthebox
{image}
en sl hit. reenter tp 73 pips.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,085
  • Mar 27, 2018 5:02pm Mar 27, 2018 5:02pm
How to arrive at trading decision using the only pattern..................?

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atheer1
  • #5,086
  • Mar 27, 2018 10:33pm Mar 27, 2018 10:33pm
Quoting atheer1
How to arrive at trading decision using the only pattern..................? {image} {image} {image} {image}
good top down multi time frame approach on support and resistance. the more confluence the better.
those learning should really print and file this for reference and look at before they trade.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,087
  • Mar 27, 2018 11:31pm Mar 27, 2018 11:31pm
after identifying the support and resistance, comes the subtle decision to trade or not to trade.
well for the most part, it is waiting.......... no trading, unless you are sure of what you are doing.
the important thing is the timing, so that your risk is kept to the minimum as much as possible.
for example, i will sell only if price reaches the resistance zone, better if it happens to be at europe/london/new york open/session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,088
  • Mar 28, 2018 1:19am Mar 28, 2018 1:19am
watching ga
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,089
  • Mar 28, 2018 7:10am Mar 28, 2018 7:10am
@artheer1,sorry this question might have been answered before,but do you enter at the close of the candle or the high of the candle? thanks in advance :-]
  • #5,090
  • Mar 28, 2018 7:41am Mar 28, 2018 7:41am
ga buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,091
  • Mar 28, 2018 8:16am Mar 28, 2018 8:16am
Quoting nozzer
@artheer1,sorry this question might have been answered before,but do you enter at the close of the candle or the high of the candle? thanks in advance :-]
you might want to wait for atheer to reply.
the following is from post 1.

Our entry to a trade:
***find R/S lines in one hour chart..................
***wait for the price to come to those levels...........
*** watch the reaction to those lines on one minute chart............
***if you have the setup on one minute chart at the line or slightly above or below i.e you have a reversal take the trade sell for R and buy for S
***for your stop it can be above the setup in selling or below the setup in buying especially if you are a scalper..........but if you trading for more shot put your stop according to 1 hour chart it is highly variable but one of the ways to do that is to put it above the highest candle upper wick that penetrate the R line in selling and below the lowest candle lower wick that penetrate the S line............
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,092
  • Mar 28, 2018 11:35am Mar 28, 2018 11:35am
Quoting atheer1
How to arrive at trading decision using the only pattern..................? {image} {image} {image} {image}
Although it was very good setup but it hit the sl sadly!
crazy forex
  • #5,093
  • Mar 28, 2018 1:22pm Mar 28, 2018 1:22pm
Quoting Rowad
{quote} Although it was very good setup but it hit the sl sadly! crazy forex
Yes that was +50 pips ............at least if you are not taking profit you should move your stop to BE
atheer1
  • #5,094
  • Mar 28, 2018 1:24pm Mar 28, 2018 1:24pm
Quoting Inthebox
{quote} you might want to wait for atheer to reply. the following is from post 1. Our entry to a trade: ***find R/S lines in one hour chart.................. ***wait for the price to come to those levels........... *** watch the reaction to those lines on one minute chart............ ***if you have the setup on one minute chart at the line or slightly above or below i.e you have a reversal take the trade sell for R and buy for S ***for your stop it can be above the setup in selling or below the setup in buying especially if you are a scalper..........but...
Thanks for your answer
atheer1
  • #5,095
  • Mar 28, 2018 1:25pm Mar 28, 2018 1:25pm
Quoting nozzer
@artheer1,sorry this question might have been answered before,but do you enter at the close of the candle or the high of the candle? thanks in advance :-]
It should be at close of the OP.........but you may wait for better entry if you like
atheer1
  • #5,096
  • Mar 28, 2018 1:35pm Mar 28, 2018 1:35pm
Quoting Rowad
{quote} Although it was very good setup but it hit the sl sadly! crazy forex
You may ask yourself why this setup returned to our entry..........just have a look at the daily chart and you will have the answer.............
atheer1
  • #5,097
  • Mar 28, 2018 2:10pm Mar 28, 2018 2:10pm
Quoting atheer1
{quote} You may ask yourself why this setup returned to our entry..........just have a look at the daily chart and you will have the answer.............
Ya but the problem that i was shorting at 105.450 so i couldnt make it since it didnt get lower than this by much and yesterday i didnt enter again from higher level but today i entered at a higher level and all closed at the stop loss area
and the answer because it couldnt get lower than yesterday’s low?
Thanks Atheer for your giving and helping you are the best
  • #5,098
  • Mar 28, 2018 5:31pm Mar 28, 2018 5:31pm
What do you think guys of buying gbpusd at this level its above trend and seems there is good support here
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  • #5,099
  • Mar 28, 2018 7:10pm Mar 28, 2018 7:10pm
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atheer1
  • #5,100
  • Mar 28, 2018 9:23pm Mar 28, 2018 9:23pm
Quoting atheer1
{image}
I was just looking at that same level, I also put in a buy order at 106.5, will add to it above 107.05
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