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THE only Pattern

  • #5,381
  • May 17, 2018 10:33pm May 17, 2018 10:33pm
Quoting Xeniz
{quote} I'm looking for around the 110.4 level as first stop if she does wake up, but on the daily/weekly that 111 level (approx) could provide some resistance, so potentially a lot more downside on the higher timeframes.
Agree if 111-111.10 holds then it should test 110.20-30 may be this day........longer term it could be down from here if we have more down action next week..........but if that R is broken then it may be going up to 111.5xx-6xx..........
atheer1
  • #5,382
  • May 18, 2018 12:52am May 18, 2018 12:52am
For me I also liked it because of the divergence - and good potential downside long term. It might test the 111 a couple of times first before continuing down, or could simply go right through it.
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Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #5,383
  • May 18, 2018 4:52am May 18, 2018 4:52am
London very quiet. Thing's slowing down lately. summer trading is here early
It's in fear when people show what they truly value.
  • #5,384
  • May 18, 2018 8:47am May 18, 2018 8:47am
how often do you see this. 3 days opening forming almost a straight line.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,385
  • May 18, 2018 8:52am May 18, 2018 8:52am
Quoting Inthebox
sell ga 1796x
Quoting Inthebox
buy aj 830x. buy cadj 863x.
all BE
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,386
  • May 18, 2018 12:04pm May 18, 2018 12:04pm
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Buyer's trying again . GOLD.

When a new trend start's you can thank us.
It's in fear when people show what they truly value.
  • #5,387
  • May 18, 2018 6:48pm May 18, 2018 6:48pm
Quoting atheer1
{quote} Agree if 111-111.10 holds then it should test 110.20-30 may be this day........longer term it could be down from here if we have more down action next week..........but if that R is broken then it may be going up to 111.5xx-6xx..........
I got out just above the 110.60 level, looked like it was holding there and struggling to go further, so took the small profit on offer and ran before weekend close. Looking at how it ended up it could well test that 111 again.
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #5,388
  • May 18, 2018 7:50pm May 18, 2018 7:50pm
Quoting Xeniz
{quote} I got out just above the 110.60 level, looked like it was holding there and struggling to go further, so took the small profit on offer and ran before weekend close. Looking at how it ended up it could well test that 111 again.
Good exit.........although it can go further next week.......agree on risk of holding over weekend.....
atheer1
  • #5,389
  • May 22, 2018 2:56am May 22, 2018 2:56am
Gold buy ON dips. working everytime ... Buy buy. but the real break happens soon.
It's in fear when people show what they truly value.
  • #5,390
  • May 22, 2018 4:19am May 22, 2018 4:19am
Quoting ensale
Gold buy ON dips. working everytime ... Buy buy. but the real break happens soon.
if resistance R broken, A will be the area of interest.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,391
  • May 22, 2018 4:42am May 22, 2018 4:42am
most of the euro pairs are at or approaching area of resistance.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,392
  • May 22, 2018 7:38am May 22, 2018 7:38am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5,393
  • May 22, 2018 7:52am May 22, 2018 7:52am
Quoting Inthebox
{image}{image}
Good scalp's.. watch wti for a small 25 pip scalp upwards.
It's in fear when people show what they truly value.
  • #5,394
  • May 22, 2018 8:00am May 22, 2018 8:00am
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as long as lower Trendline not breached. Long remain's. acts as trail stop .
It's in fear when people show what they truly value.
  • #5,395
  • May 22, 2018 8:15am May 22, 2018 8:15am
Quoting ensale
{image} as long as lower Trendline not breached. Long remain's. acts as trail stop .
so far long's are kicked out playing out a potential double bottom.
It's in fear when people show what they truly value.
  • #5,396
  • Edited 10:51am May 22, 2018 10:18am | Edited 10:51am
Quoting ensale
{quote} so far long's are kicked out playing out a potential double bottom.
double bottom played out. 40 point move, previous week high bounce.. oil bulls keep buying dip's
It's in fear when people show what they truly value.
  • #5,397
  • May 22, 2018 11:47am May 22, 2018 11:47am
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One Way to time entry, is to look for bullish close above Trend-Line. note the wick candle previous to it that marks the low. That add's probability to entry..

I don't use trend-lines like I used too, but it's useful perhaps for some Trader's.
It's in fear when people show what they truly value.
  • #5,398
  • May 22, 2018 11:54am May 22, 2018 11:54am
Quoting ensale
{image} One Way to time entry, is to look for bullish close above Trend-Line. note the wick candle previous to it that marks the low. That add's probability to entry.. I don't use trend-lines like I used too, but it's useful perhaps for some Trader's.
If your thinking ?! where Is double bottom. Draw lines. it helps see the pattern's of price. It help's improve your pattern recognition in your brain. and you'll see as it's developing.
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It's in fear when people show what they truly value.
  • #5,399
  • May 22, 2018 10:52pm May 22, 2018 10:52pm
eu at support area
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,400
  • May 22, 2018 11:09pm May 22, 2018 11:09pm
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ITB - Seeing Orderliness amongst 'Randomness'
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