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THE only Pattern

  • #7,081
  • Edited 8:25pm Oct 29, 2018 7:47pm | Edited 8:25pm
??????????
99% BACKTEST 10 to $ 5000000 in one month
one surely won't be in this forum sharing.
by now i would be busy shopping for islands to buy.

that was fast. membership revoked.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,082
  • Oct 29, 2018 11:12pm Oct 29, 2018 11:12pm
Continue from ............. What type of trader are you? - Which trading style(s) best suit you?
https://www.forexfactory.com/showthr...8#post11624018

Series 4: The way i see it ......... Break Retrace Continue (BRC) - the safer way to enter trades

How to trade this method? The simple answer is to look for significant support/resistance or trend line, watch for the break and then observe price action in intraday time frames.

Look for the retrace of a breakout when price return to re-test the breakout level to see whether it will hold. Unless it is a runaway breakout, as the speed of the breakout slows down or stall, price may retrace due to some short term profit taking. If it does, one can enter a trade in the diection of the breakout.

Price may not retrace and reach the breakout level but rather a zone which may be where a minor support/resistance level, trendline, day open/high/low, big round number, pivot point, fibonacci, moving average, etc is. One could also consider using cost averaging as a strategy to establish a position on the pullback.

In the bigger analysis, always remember a pullback is when price temporarily moves against the underlying trend.
The BRC is applicable to both higher and lower time frames.

Trading the trend pullbacks. Although this was made 8 years ago, i simply love the simplicity and clarity that he explains it all in about 7 min.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,083
  • Oct 29, 2018 11:21pm Oct 29, 2018 11:21pm
i do not know whether this series is my last one or at most the next coming series will be my last one.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,084
  • Oct 30, 2018 12:12am Oct 30, 2018 12:12am
watching whether during ldn session, gj can break yesterdays's high. if unable to, then it's sell for me.
lol ..... actually now is pre ldn due to daylight saving shift.
there is some reaction now.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,085
  • Oct 30, 2018 12:28am Oct 30, 2018 12:28am
Quoting Inthebox
watching whether during ldn session, gj can break yesterdays's high. if unable to, then it's sell for me. lol ..... actually now is pre ldn due to daylight saving shift. there is some reaction now.
I scalped some levels early morning and probably now after this down move one more leg could go up for those high that u talking about... For me its not that clear that it will still dropping.
We will see
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  • #7,086
  • Oct 30, 2018 12:34am Oct 30, 2018 12:34am
Quoting witowito
{quote} I scalped some levels early morning and probably now after this down move one more leg could go up for those high that u talking about... For me its not that clear that it will still dropping. We will see {image}
drop likely because of multi lower lows. target yesterday's ny open.
if goes under 144, next is day pivot.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,087
  • Oct 30, 2018 1:43am Oct 30, 2018 1:43am
Quoting jmtini
GBPJPY The problem was that JPY was weak today so there was very little downward pressure. Well the devils did retest the level which proved to be at 144.30 Nice scalps available off the level which I suppose is the way to go? EURUSD I had that horizontal resistance drawn already from Friday at around 1.1415 and it held beautifully. With USD fairly strong along with GU it was probably one of the better pairs to trade GBPUSD Again I had the resistance line drawn from Friday around 1.2840 - it was breached with that spike but came down in a hurry....
Good shout on the 143.30.. I was thinking I should short that level but without OP it not always advisable... I did a stalking session yesterday but seemed like it was no use to anybody apart from 1/2.
It's in fear when people show what they truly value.
  • #7,088
  • Oct 30, 2018 2:02am Oct 30, 2018 2:02am
gj nice m1 bearish engulfing.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,089
  • Oct 30, 2018 2:28am Oct 30, 2018 2:28am
Quoting Inthebox
{quote} drop likely because of multi lower lows. target yesterday's ny open. if goes under 144, next is day pivot.
both targets hit.
if goes under day open, next target is yesterday's ldn open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,090
  • Oct 30, 2018 2:50am Oct 30, 2018 2:50am
gj m5 bearish body engulfing.
only problem is m15 bullish body engulfing but still a ll lh.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,091
  • Oct 30, 2018 3:21am Oct 30, 2018 3:21am
my longest haul in my history of trading.
profit 604 pips with some multiples.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,092
  • Oct 30, 2018 3:24am Oct 30, 2018 3:24am
Quoting Inthebox
my longest haul in my history of trading. profit 604 pips with some multiples. {image}
Woah, bravo buddy .. Congrat's
It's in fear when people show what they truly value.
  • #7,093
  • Oct 30, 2018 3:28am Oct 30, 2018 3:28am
Quoting Inthebox
my longest haul in my history of trading. profit 604 pips with some multiples. {image}
Nice looking
That should pay a few beers at least lol.
Lets look for the next one
  • #7,094
  • Oct 30, 2018 3:29am Oct 30, 2018 3:29am
Quoting ensale
{quote} Woah, bravo buddy .. Congrat's
held on for slightly less than 3 weeks when the d1 bearish candle after entry fell below the support turned resistance.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,095
  • Oct 30, 2018 3:31am Oct 30, 2018 3:31am
Quoting witowito
{quote} Nice looking That should pay a few beers at least lol. Lets look for the next one
were you in the gj sell?
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,096
  • Oct 30, 2018 3:35am Oct 30, 2018 3:35am
heavy resistance for UCH on the daily chart. also the big round number 1.0000 . maybe helping the euro.
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trading is like dancing, don't think and just listen to the music!
  • #7,097
  • Oct 30, 2018 3:37am Oct 30, 2018 3:37am
Quoting witowito
{quote} Nice looking That should pay a few beers at least lol. Lets look for the next one
maybe an air ticket to Spain ...... just kidding.
what are the 5 places you recommend to visit in Spain?
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,098
  • Oct 30, 2018 3:37am Oct 30, 2018 3:37am
buy gold .. 10 point stop .. 50 point target..

Buy pwl.. previous week low
It's in fear when people show what they truly value.
  • #7,099
  • Oct 30, 2018 3:43am Oct 30, 2018 3:43am
Quoting ensale
buy gold .. 10 point stop .. 50 point target.. Buy pwl.. previous week low
or better yet .. stalk your entry
It's in fear when people show what they truly value.
  • #7,100
  • Oct 30, 2018 3:45am Oct 30, 2018 3:45am
Quoting Inthebox
{quote} were you in the gj sell?
Nope.
I scalped some levels at EJ this morning and later on I went to gym cause It wasnt clear that short for me.
Now im back at desk looking for some opportunity.
I have decide to just operate eu gu uj ej gj.
Those 5 crosses. just 3 currencies. Let see if i can get an edge looking at key levels and confluences.
What do u guys think about it?
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