THE only Pattern | Page 335 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Can you trade only one pattern and be profitable? 61 replies

Script to change EA to long only/ short only at a price level? 1 reply

Price pattern scanner where I choose the pattern 4 replies

Pattern programs 1 reply

Attachments: THE only Pattern
Exit Attachments

THE only Pattern

  • #6,681
  • Oct 19, 2018 3:12am Oct 19, 2018 3:12am
Quoting Inthebox
{quote} there were 2 d1 resistance above and that the trend was down in that time frame plus also the higher time frame. usually when 2 sr zones are close together, price will tend to go for the higher one. about stop loss. you use what suits you. for me tight stop loss does not suit me. in my mind it will be above the upper d1 resistance. i exit (and it's not a hard stop loss when it is triggered when price hit it) when the m30 or h1 candle close above the upper resistance. now this may open up to controversies as my exit points may be far away....
Nice explanation about ur way of trading and the way u see the market, i like it.
  • #6,682
  • Oct 19, 2018 3:19am Oct 19, 2018 3:19am
cost averaging .......... but not martingale.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,683
  • Oct 19, 2018 3:28am Oct 19, 2018 3:28am
Quoting Inthebox
cost averaging .......... but not martingale.
Yep i understood. i also divide the trades when trying to catch a top or bottom but i prefer to wait for some price action and confirmation to open a full positions but u know sometimes i have the feeling of a quick reverse so i open the position divided without confirmations. but if im honest it normally works better for me to wait for confirmation and open the whole trade than divided....
  • #6,684
  • Oct 19, 2018 3:41am Oct 19, 2018 3:41am
Cheff daddy is in a d1 R and looks like ready for droping, this last leg up its too beauty to be real lol... reversal coming up
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
  • #6,685
  • Oct 19, 2018 3:44am Oct 19, 2018 3:44am
Quoting witowito
{quote} Yep i understood. i also divide the trades when trying to catch a top or bottom but i prefer to wait for some price action and confirmation to open a full positions but u know sometimes i have the feeling of a quick reverse so i open the position divided without confirmations. but if im honest it normally works better for me to wait for confirmation and open the whole trade than divided....
lol.
to tell you the truth ..... i don't actually know what is price action and what does it mean. is there any website that explains it well?
my closest knowledge of price action is higher high, higher low ...........
but to me, if you have found a sr zone that is truly strong, then in my ej scalp i don't have any price action.
meaning i don't even have a m1 lower high, lower low ........
that is why my emphasis is always on d1 support and resistance.
lol.

hahaha ..... i go put on the fractals, probably i have a couple. but i made the entries without the fractals.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,686
  • Edited 4:06am Oct 19, 2018 3:56am | Edited 4:06am
Quoting Inthebox
{quote} lol. to tell you the truth ..... i don't actually know what is price action and what does it mean. is there any website that explains it well? my closest knowledge of price action is higher high, higher low ........... but to me, if you have found a sr zone that is truly strong, then in my ej scalp i don't have any price action. meaning i don't even have a m1 lower high, lower low ........ that is why my emphasis is always on d1 support and resistance. lol. hahaha ..... i go put on the fractals, probably i have a couple. but i made the entries...
Well yeah basically thats what i call price action, the start of new trend even in a m1 so about HH HL or LL and LH , also i look at pullbacks and where they reverse and so on.
I also trade some patterns around the S and R areas to help me for setting the stop. basically thats it.
aaah and I am also trend line lover, Trend wall and all those kind of lines that I have fun drawin and watchin how price react at them... LOL
  • #6,687
  • Oct 19, 2018 4:10am Oct 19, 2018 4:10am
nothing much happening london open.
guess main event today is cad and some usd.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,688
  • Oct 19, 2018 6:03am Oct 19, 2018 6:03am
some price movement now.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,689
  • Oct 19, 2018 6:09am Oct 19, 2018 6:09am
Quoting Inthebox
some price movement now.
yep, im looking to short cheff at this pullback
  • #6,690
  • Oct 19, 2018 6:19am Oct 19, 2018 6:19am
main event is about an hour or so away.
usdcad may drop to minor support just before the announcement.
present trend is still up with retracement at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-19_1915.png Size: 21 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,691
  • Oct 19, 2018 6:32am Oct 19, 2018 6:32am
weekend's here. take and go.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-19_1931.png Size: 28 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,692
  • Oct 19, 2018 6:39am Oct 19, 2018 6:39am
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,693
  • Oct 19, 2018 7:32am Oct 19, 2018 7:32am
Quoting Inthebox
main event is about an hour or so away. usdcad may drop to minor support just before the announcement. present trend is still up with retracement at the moment. {image}
beautiful .....
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,694
  • Oct 19, 2018 7:48am Oct 19, 2018 7:48am
short ES 2779-80
atheer1
  • #6,695
  • Oct 19, 2018 7:49am Oct 19, 2018 7:49am
Quoting Inthebox
{quote} beautiful .....
did u trade it?
Im not so fan of trading news even if is cristal clear set up, i prefer to avoid that... very bad experiences
  • #6,696
  • Oct 19, 2018 7:54am Oct 19, 2018 7:54am
Quoting Inthebox
weekend's here. take and go. {image}
good things come in pears .... i mean pairs
best trade 207 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-19_2050.png Size: 36 KB
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,697
  • Oct 19, 2018 7:58am Oct 19, 2018 7:58am
Quoting witowito
{quote} did u trade it? Im not so fan of trading news even if is cristal clear set up, i prefer to avoid that... very bad experiences
no. you could not even catch it even in m1.
but i have something called dual currency deposit with the bank betting usdcad to go up.
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,698
  • Oct 19, 2018 7:59am Oct 19, 2018 7:59am
Quoting atheer1
short ES 2779-80
Hello,

Shorted at 2781-82. Cannot wait to hear your analysis of yesterday's trade.
Buy low, sell high.
  • #6,699
  • Oct 19, 2018 8:06am Oct 19, 2018 8:06am
Shorted AUSJPY 128.89
Buy low, sell high.
  • #6,700
  • Oct 19, 2018 8:42am Oct 19, 2018 8:42am
Quoting atheer1
short ES 2779-80
stopped..............waiting for a dip to 2782- 2783 to buy..............buy target around 2825
atheer1
14 traders viewing now