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THE only Pattern

  • #6,461
  • Oct 15, 2018 9:36am Oct 15, 2018 9:36am
Quoting atheer1
{quote} Just hitting important weekly/monthly R of 1235-36..............all markets are reaching critical levels at almost the same time..........
Looking across the pairs your right. critical moment of turn point that set the agenda for the next quarter to 6month's.
It's in fear when people show what they truly value.
  • #6,462
  • Oct 15, 2018 9:40am Oct 15, 2018 9:40am
Quoting ensale
{quote} Looking across the pairs your right. critical moment of turn point that set the agenda for the next quarter to 6month's.
for example eurusd . we test 1.17 .. we either go up a 1000 pip from there or lower for 1500 point's.
It's in fear when people show what they truly value.
  • #6,463
  • Edited 11:12am Oct 15, 2018 10:50am | Edited 11:12am
Quoting ensale
OK new trader's .. gold M5 CHART or m1.. is it a good sell now?.. tell me pro's/con's to this idea..? PRO- good reason's why it a good setup. Con's- bad reason's why it's not a good short.. Chart's also please.
Dropped approx 40 point's/ XAU/gold on m5/m1 post. Although nobody responded to my post on pro's and con's.
It's in fear when people show what they truly value.
  • #6,464
  • Edited 5:49pm Oct 15, 2018 5:10pm | Edited 5:49pm
sell UJ from 111.8xx...............be careful as this is very near to weekly S 111.6xx..............when broken down could open the door for 111-111.10......i failed we may get back to 112.20-30 or even 112.50-60.............the range is 111.90xx-111.60xx
atheer1
  • #6,465
  • Oct 15, 2018 5:44pm Oct 15, 2018 5:44pm
Quoting atheer1
sell UJ from 111.8xx...............be careful as this is very near to weekly S
i know that the momentum is down, however i find the d1 support is rather strong.
also the last up trend moved up from there after a bounce.
h4 with 4 waves down, i think could be over extended.
now is fighting at last week's low.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,466
  • Oct 15, 2018 6:01pm Oct 15, 2018 6:01pm
w1 view provided a bigger picture.
with a pin bar 2 weeks ago and a large bearish candle closing below the previous 2 candles.
it's a 3 bar sell setup.
so the weekly time frame can suggests a longer down trend.
not that there are no buy opportunities, but they appear in lower time frames than w1 as retracements.
overall more sell than buy.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,467
  • Edited 6:25pm Oct 15, 2018 6:11pm | Edited 6:25pm
Quoting Inthebox
{quote} i know that the momentum is down, however i find the d1 support is rather strong. also the last up trend moved up from there after a bounce. h4 with 4 waves down, i think could be over extended. now is fighting at last week's low. {image}
Yes it is very important S.......I am not taking a big shot on it.........especially monthly is doing more that its average range I think...........it may pullback to previous daily upward channel before trying it again......unless we have big selling of indexes tomorrow
atheer1
  • #6,468
  • Oct 15, 2018 6:48pm Oct 15, 2018 6:48pm
how do you think which way will go G / U?
  • #6,469
  • Oct 15, 2018 6:58pm Oct 15, 2018 6:58pm
Quoting atheer1
{quote} Yes it is very important S.......I am not taking a big shot on it.........especially monthly is doing more that its average range I think...........it may pullback to previous daily upward channel before trying it again......unless we have big selling of indexes tomorrow
do you mean 1 or 2?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,470
  • Edited 7:24pm Oct 15, 2018 7:13pm | Edited 7:24pm
Quoting kanmeir
how do you think which way will go G / U?
hard to tell. may be in a range.
in smaller time frame h4 if price close below minor sr zone and trend line, probably sell but only for 40 pips.
if above minor sr zone buy targeting trendline/resistance.
Attached Image(s) (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,471
  • Oct 15, 2018 7:29pm Oct 15, 2018 7:29pm
Quoting Inthebox
{quote} do you mean 1 or 2? {image}
this.............
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atheer1
  • #6,472
  • Oct 15, 2018 8:38pm Oct 15, 2018 8:38pm
Would you take this one on EURCAD daily? Short.
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Buy low, sell high.
  • #6,473
  • Oct 15, 2018 9:04pm Oct 15, 2018 9:04pm
Quoting HappyMan
Would you take this one on EURCAD daily? Short. {image}
ok you intend to sell.
draw you sr lines and tell us why.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,474
  • Oct 15, 2018 9:21pm Oct 15, 2018 9:21pm
short term
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,475
  • Oct 15, 2018 9:34pm Oct 15, 2018 9:34pm
Quoting Inthebox
{quote} ok you intend to sell. draw you sr lines and tell us why.
Conservatively.

SL:1.5051 (yellow Daily High)
TP1: 1.5025 (yellow Daily Low)
TP2: 1.5012 (green Weekly Low)
TP3: 1.5001 (above a sweet spot)
TP4: 1.4761 (orange Monthly Low)

Thoughts?
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Buy low, sell high.
  • #6,476
  • Oct 15, 2018 10:11pm Oct 15, 2018 10:11pm
Quoting HappyMan
{quote} Conservatively. SL:1.5051 (yellow Daily High) TP1: 1.5025 (yellow Daily Low) TP2: 1.5012 (green Weekly Low) TP3: 1.5001 (above a sweet spot) TP4: 1.4761 (orange Monthly Low) Thoughts? {image}
if i were to sell i would take all profits at the nearest support.
since you are using BB be aware that it is near the lower band.

for me, i go with the trend. now it is consolidating.

on a side note. yesterday's d1 pin bar does not matter as it is not at the apex.
qualification: i may be dead wrong of course .........
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,477
  • Oct 15, 2018 11:47pm Oct 15, 2018 11:47pm
Appreciate you sharing your wisdom. Would you say the trend will likely go down because of lower high on daily?

Quoting Inthebox
{quote} if i were to sell i would take all profits at the nearest support. since you are using BB be aware that it is near the lower band. for me, i go with the trend. now it is consolidating. on a side note. yesterday's d1 pin bar does not matter as it is not at the apex. qualification: i may be dead wrong of course ......... {image}
Buy low, sell high.
  • #6,478
  • Oct 16, 2018 12:00am Oct 16, 2018 12:00am
Quoting HappyMan
Appreciate you sharing your wisdom. Would you say the trend will likely go down because of lower high on daily? {quote}
ok lower high. show me a d1 chart and indicate the lower high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,479
  • Oct 16, 2018 12:36am Oct 16, 2018 12:36am
tp
the bottom d1 support helped me to hold the trade.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #6,480
  • Oct 16, 2018 12:38am Oct 16, 2018 12:38am
im bullish gbpusd.. someone asked on gusd so here.. intra day though so not swing ... so etries and exits is your discretion.
It's in fear when people show what they truly value.
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