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  • #49,041
  • Oct 1, 2018 9:39am Oct 1, 2018 9:39am
We arrived back at London opening price and Steep TL breakout area.. Careful bears.. Looks like some sort of "Triple Bottom" is forming..

Stay Green
Focus only on what truly matters!
  • #49,042
  • Oct 1, 2018 9:41am Oct 1, 2018 9:41am
TP my short.

Let see if the market turns to the upside in the next couple of hours.

Attached Image (click to enlarge)
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This is not investment/trading advise. Will not hold accountable for loss
  • #49,043
  • Oct 1, 2018 9:42am Oct 1, 2018 9:42am
Quoting yousername
{quote} Looks like it will go to 1.200-1.2100 because the volume was low there.

It look's to be heading to Friday's low to retest in at 1.15696, if the bears wish to stay in control then they need to breach this level IMHO


  • #49,044
  • Oct 1, 2018 9:42am Oct 1, 2018 9:42am
Quoting Caifas
{quote} I was thinking that a Blue TL BO at that level would invalidate the steep buy setup and not the other way. But we should assume the other way around I supposed
Invalidation of Steep TL happens only when any candle closes below Steep TL breakout level, the BLUE TL alone doesn't play such an important role when thinking together with Steep trendline setups..

Stay Green
Focus only on what truly matters!
  • #49,045
  • Oct 1, 2018 9:43am Oct 1, 2018 9:43am
Quoting MzansiObi
{quote} Looking at 1.15700 then retest of of previous high........the way price has been consolidating today firts in well with Mr Browns 1.1625 handle for a short before going north.....my 2cents worth.
Agreed. I have 1570 as the first pause level, followed by 1558 then 1544 and then price falling off a cliff to 14xx.
  • #49,046
  • Oct 1, 2018 9:45am Oct 1, 2018 9:45am
Eu h1
Do we get triple bottom ?
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yes yes yes
  • #49,047
  • Oct 1, 2018 9:49am Oct 1, 2018 9:49am
Quoting Moty
Eu h1 Do we get triple bottom ? {image}
momentum and consolidation will break that support Montgomery.
4&1 All Time Profit: $37,496
  • #49,048
  • Oct 1, 2018 9:50am Oct 1, 2018 9:50am
Quoting mbrown
{quote} Agreed. I have 1570 as the first pause level, followed by 1558 then 1544 and then price falling off a cliff to 14xx.
im with you, there ol chap
4&1 All Time Profit: $37,496
  • #49,049
  • Oct 1, 2018 9:52am Oct 1, 2018 9:52am
15M BO
Sell 1.1600 & 1.1596 (Both SL +10)
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  • #49,050
  • Oct 1, 2018 9:52am Oct 1, 2018 9:52am
Quoting yousername
TP my short. Let see if the market turns to the upside in the next couple of hours. {image}
doesnt the falling wedge pattern signals possible upside breakout
4&1 All Time Profit: $37,496
  • #49,051
  • Oct 1, 2018 9:53am Oct 1, 2018 9:53am
Quoting MzansiObi
{quote} momentum and consolidation will break that support Montgomery.

And Mr T speech later. He will be focusing on all the "make USA strong" results to push his pills higher
  • #49,052
  • Oct 1, 2018 9:53am Oct 1, 2018 9:53am
Quoting mzansiobi
{quote} doesnt the falling wedge pattern signals possible upside breakout

most times yes but not always
  • #49,053
  • Oct 1, 2018 9:54am Oct 1, 2018 9:54am
Quoting MzansiObi
{quote} momentum and consolidation will break that support Montgomery.
Bad news for dollar. I belive the eu wil make one move up at least
yes yes yes
  • #49,054
  • Oct 1, 2018 9:57am Oct 1, 2018 9:57am
Quoting MzansiObi
{quote} doesnt the falling wedge pattern signals possible upside breakout
If i'm not mistake the picture I drew is not a falling wedge.
More like a equidistant triangle or potentially a bearish descending triangle.
As of at the moment, looks like it's forming a bearish descending triangle
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This is not investment/trading advise. Will not hold accountable for loss
  • #49,055
  • Oct 1, 2018 9:58am Oct 1, 2018 9:58am
Quoting Ata-Turkoglu
We arrived back at London opening price and Steep TL breakout area.. Careful bears.. Looks like some sort of "Triple Bottom" is forming.. Stay Green
All my indicators signal weakness. Why would anyone Buy here is beyond me. There may be a period of consolidation, but I see little to no chance of a strong move higher.
Observation is the path to discovery.
  • #49,056
  • Oct 1, 2018 10:01am Oct 1, 2018 10:01am
You can't just copy/paste somebody's system and expect positive results.
The system must be either built by yourself from scratch or tweaked to fit your personality, trading habits and your lifestyle conditions.
People use different time-frames they are comfortable with. Some people scalp, some swing trade and some trade only daily or weekly candles with wide sl/tp and do not spend much time on the screen. Some people like high leverage, some are very conservative. I can go on with the list forever but you get the idea.

As a conclusion, if you are copycatting somebody else's system, make sure that you know the system completely in and out including the person who has built it. Basically, you have to become that person.
As Above, So Below
  • #49,057
  • Oct 1, 2018 10:02am Oct 1, 2018 10:02am
Quoting Alorente
{quote} All my indicators signal weakness. Why would anyone Buy here is beyond me. There may be a period of consolidation, but I see little to no chance of a strong move higher.
That's the mystery of steep trendline buy level.. it often shocks majority..

Marking 1.15945 on M15 as resistance.. If M15 candles can close above that level more hope for bulls.. Otherwise still bearish!

Stay Green
Focus only on what truly matters!
  • #49,058
  • Oct 1, 2018 10:05am Oct 1, 2018 10:05am
Quoting Ata-Turkoglu
{quote} That's the mystery of steep trendline buy level.. it often shocks majority.. Stay Green
Hi, ata! From what i saw today it seems that by strong moves blue and red tl both was broken?haha it seems that autumn virus ate my brain trough the past week btw i think i noticed some divergences around lo at morning.
  • #49,059
  • Oct 1, 2018 10:07am Oct 1, 2018 10:07am
Quoting From0toHero
whole day i was waiting for this move down, nice...
Its going to be side ways in H4 couple day
Profit growth tells you the trader ability.
  • #49,060
  • Oct 1, 2018 10:07am Oct 1, 2018 10:07am
Quoting tashkent
You can't just copy/paste somebody's system and expect positive results. The system must be either built by yourself from scratch or tweaked to fit your personality, trading habits and your lifestyle conditions. People use different time-frames they are comfortable with. Some people scalp, some swing trade and some trade only daily or weekly candles with wide sl/tp and do not spend much time on the screen. Some people like high leverage, some are very conservative. I can go on with the list forever but you get the idea. As a conclusion, if you are...
Yes, you are right but still the system that ATA shared is so simple and very usefull and i can easily combine it with my indicators and help improve my trading.
btw
i also still waiting for ATA youtube video and i can't thank him enough for sharing his system since i almost give up on forex.

god bless you ATA
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