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THE only Pattern

  • #5,921
  • Sep 20, 2018 9:41am Sep 20, 2018 9:41am
Quoting atheer1
Short GU from 1.328xx...........target 1.3230...........counter trend
How did you come up with this target? The next one marked is 1.3210.
Buy low, sell high.
  • #5,922
  • Sep 20, 2018 9:51am Sep 20, 2018 9:51am
Quoting HappyMan
{quote} How did you come up with this target? The next one marked is 1.3210.
1.3210 from daily ..........1.3230 from 1H/4H.................
atheer1
  • #5,923
  • Sep 20, 2018 10:58am Sep 20, 2018 10:58am
Quoting HappyMan
{quote} How do you mark your R/S? I guess I can practice on USDJPY, where I can't make the grid to show.
after you have grasp the concept of post 1, go to the following post 5,727 and read from there onwards till now.
https://www.forexfactory.com/showthr...9#post11475749
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,924
  • Sep 20, 2018 11:12am Sep 20, 2018 11:12am
Today mark's a key point for the dow.. meeting it's all time high after a down quarter. hence the bullishness in the xjpy pairs..
It's in fear when people show what they truly value.
  • #5,925
  • Sep 20, 2018 12:15pm Sep 20, 2018 12:15pm
Quoting Inthebox
in order to expedite, why not from tomorrow onward, we all compare support and resistance lines D1 (in red), H4 (in blue), H1 (in green), as this is the most important. put up a chart for D1 or H4 or H1 in the pairs that you are interested in. I am hoping that more will join in to learn from each other.
Ok check this out please. Hourly support drawn to trade on m1 chart. The additional chart is the entry I would have looked for today off this s/r level since price action was bullish from open????

Thanks for any feedback!

Attached Image (click to enlarge)
Click to Enlarge Name: gu hourly sr level.jpg Size: 456 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gu entry on hourly support line.jpg Size: 389 KB
Blessed is the one who takes refuge in Him.
  • #5,926
  • Sep 20, 2018 12:30pm Sep 20, 2018 12:30pm
Quoting HappyMan
{quote} Caught it as well. A question, the R line is 1.3300 and not 1.3290 even though techically the price did not touch it, right? {image}
Yes R at 1.33-1.3310...........just being approached...........
atheer1
  • #5,927
  • Sep 20, 2018 12:49pm Sep 20, 2018 12:49pm
Quoting Inthebox
in order to expedite, why not from tomorrow onward, we all compare support and resistance lines D1 (in red), H4 (in blue), H1 (in green), as this is the most important. put up a chart for D1 or H4 or H1 in the pairs that you are interested in. I am hoping that more will join in to learn from each other.
This one too please.

Attached Image (click to enlarge)
Click to Enlarge Name: eu hourly sr levels.jpg Size: 470 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu entry on hourly sr.jpg Size: 384 KB
Blessed is the one who takes refuge in Him.
  • #5,928
  • Sep 20, 2018 12:52pm Sep 20, 2018 12:52pm
Ok, guys, I am now confused about S/R lines. At first, there was a grid, follow a candle with a long wick, if its reversed, the mark the furthest grid-line as the S or R line. Then, there was a notion to mark the extremes of the previous day at the tails or shadows of candles which are turning points. Is there a simple outline how to mark S/R levels that people can follow? Wink-wink @ inthebox

I read and saved to my notes this,

"levels 10 pips apart are drawn at tails or shadows of candles which are also turning points. lines at least passing through 2 or 3 candles."

and this,

"this is not for newbies, I am going to explain how I make my m1 (m5/m15) entries for those who are interested.
1. first and foremost and most important draw your d1 (or h4 or h1) support and resistance.
trade around these zones and not all over the place.
2. around the zone, be an observer and see what m1 (m5/m15) is doing. be patient and do not force a trade.
3. if at support zone, look for price higher high as in today's usdjpy m1 chart shown.
4. I have 2 types of m1 entries: a) head and shoulder in yellow, b) 2b in red. if you do not know please google. I will not explain.
5. first head n shoulder yellow horizontal line entry not triggered (no right shoulder). first 2b red horizontal line entry triggered.
6. second head n shoulder yellow horizontal line entry triggered. second 2b red horizontal line entry triggered.
7. 2b entry got into the trade earlier but more risky.
"
Buy low, sell high.
  • #5,929
  • Sep 20, 2018 1:01pm Sep 20, 2018 1:01pm
Quoting Inthebox
in order to expedite, why not from tomorrow onward, we all compare support and resistance lines D1 (in red), H4 (in blue), H1 (in green), as this is the most important. put up a chart for D1 or H4 or H1 in the pairs that you are interested in. I am hoping that more will join in to learn from each other.
And UJ. I would have been looking long as this was the hourly trend but I honestly would have been stopped out several times unless my target was < 5pips. There were valid setups just going off the 2 s/r lines and using "the only pattern".

Attached Image (click to enlarge)
Click to Enlarge Name: uj hourly sr levels.jpg Size: 477 KB
Blessed is the one who takes refuge in Him.
  • #5,930
  • Sep 20, 2018 1:13pm Sep 20, 2018 1:13pm
Quoting Inthebox
in order to expedite, why not from tomorrow onward, we all compare support and resistance lines D1 (in red), H4 (in blue), H1 (in green), as this is the most important. put up a chart for D1 or H4 or H1 in the pairs that you are interested in. I am hoping that more will join in to learn from each other.

Ucad

Attached Image (click to enlarge)
Click to Enlarge Name: uc hourly sr levels.jpg Size: 469 KB
Blessed is the one who takes refuge in Him.
  • #5,931
  • Edited 1:37pm Sep 20, 2018 1:27pm | Edited 1:37pm
My method is to find S/R at whole number and that is to say numbers ending with 10s..........10,20,30,40,50,60,70,80,90,100...........so on...........and that is why we have the grid to make it clear to our eyes.........that will fit all time frames from 1H to monthly...............as for the lower time frames like 1M 1pip is our grid.........watch the reaction of candles wicks to those lines and hence S/R............

for analysis start marking R/S at the daily..........mostly it will suffice .............but if you want to trade lower time frames for targets less than 50 pips then you have to mark lower time frames like 4H and 1H surely those marks will go in between the daily S/R..........

For entry watch lower TF for OP to get in the trade around those levels.......
atheer1
  • #5,932
  • Sep 20, 2018 1:43pm Sep 20, 2018 1:43pm
Every day you trade you will get more experience............and once you start to do the same thing over and over again you will master it..............it is a profession no matter how it looks simple at the 1st glance..........
atheer1
  • #5,933
  • Sep 20, 2018 1:50pm Sep 20, 2018 1:50pm
Quoting atheer1
My method is to find S/R at whole number and that is to say numbers ending with 10s..........10,20,30,40,50,60,70,80,90,100...........so on...........and that is why we have the grid to make it clear to our eyes.........that will fit all time frames from 1H to monthly...............as for the lower time frames like 1M 1pip is our grid.........watch the reaction of candles wicks to those lines and hence S/R............ for analysis start marking R/S at the daily..........mostly it will suffice .............but if you want to trade lower time frames...
Hi Atheer1,

could you plz upload a latest screen shot supporting this post.
I am learning your method, that would help me if you could plz.
thanks.
  • #5,934
  • Edited 3:50pm Sep 20, 2018 2:59pm | Edited 3:50pm
Quoting loveandpeace
{quote} Hi Atheer1, could you plz upload a latest screen shot supporting this post. I am learning your method, that would help me if you could plz. thanks.
Let us have this chart 1st................

Attached Image (click to enlarge)
Click to Enlarge Name: EU levels.png Size: 47 KB
where the daily levels are marked

let us concentrate at 1.1730-40 level

see how this level was chosen by just looking at daily highs and lows
Attached Image (click to enlarge)
Click to Enlarge Name: eu1730-40.png Size: 71 KB


let us look at this day opportunity to buy twice from this level with good R/R
Now time for 5M chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu5M1730-40.png Size: 59 KB

Now if you are not marking this level and others here surely you will not notice what happened here
atheer1
  • #5,935
  • Sep 20, 2018 3:22pm Sep 20, 2018 3:22pm
You are the best, thanks a lot.
  • #5,936
  • Sep 20, 2018 3:24pm Sep 20, 2018 3:24pm
what is the parameter for this BB??
  • #5,937
  • Sep 20, 2018 3:34pm Sep 20, 2018 3:34pm
Quoting loveandpeace
what is the parameter for this BB??
standard 20,0,2
atheer1
  • #5,938
  • Sep 20, 2018 4:36pm Sep 20, 2018 4:36pm
Quoting reo4ua
{quote} This one too please. {image} {image}

Hi Reo,

Take a look at the chart see if it makes sense...
Attached Image (click to enlarge)
Click to Enlarge Name: 20th sept 18 GBP:USD M5 Observations.png Size: 140 KB
  • #5,939
  • Sep 20, 2018 5:26pm Sep 20, 2018 5:26pm
Quoting stevepatt
{quote} Hi Reo, Take a look at the chart see if it makes sense... {image}

Absolutely. Structure built by hh/hl, lh/ll. What I'm not sure of is how you use this to setup trades other than identifying that an uptrend has changed to a downtrend or vice versa.
Blessed is the one who takes refuge in Him.
  • #5,940
  • Sep 20, 2018 5:56pm Sep 20, 2018 5:56pm
Quoting atheer1
{quote} Let us have this chart 1st................ {image} where the daily levels are marked let us concentrate at 1.1730-40 level see how this level was chosen by just looking at daily highs and lows {image} let us look at this day opportunity to buy twice from this level with good R/R Now time for 5M chart {image} Now if you are not marking this level and others here surely you will not notice what happened here

Do you plot these manually?
Blessed is the one who takes refuge in Him.
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