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  • #7,321
  • Nov 2, 2018 12:31pm Nov 2, 2018 12:31pm
Quoting atheer1
Hello everyone..............hope that all are doing well............. Let us start at the end of the week with GU...............although looks very bullish this day...........but 1.3030-40 is a nice short........Tomorrow NFP let us see
very nice. wasn't awake for the UJ long but at least i got in on this. weeeEEEeeee all the way down haha

great call.
  • #7,322
  • Edited 1:24pm Nov 2, 2018 12:45pm | Edited 1:24pm
Congrat's to all on the dollar long... cbd07d was good interacting with you this week...

Inthebox PDF on this post.
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File Type: pdf The Way I See It.pdf   2.5 MB | 531 downloads

Inthebox series/pdf Below.
It's in fear when people show what they truly value.
  • #7,323
  • Nov 3, 2018 4:32am Nov 3, 2018 4:32am
Hi everyone

I found this video on how to draw support and resistance levels. It's very good indeed. The approach is to start at the very highest time frames (monthly!) and work down. Makes a lot of sense as support/resistance levels on the high time frames are far more reliable.

Looking at EURUSD for instance, the reversal on Friday occured at a strong rsistance level on H4 and Daily. Looks like a nice one for the bears on Monday!

Inserted Video
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  • #7,324
  • Nov 3, 2018 4:49am Nov 3, 2018 4:49am
Quoting jmtini
Hi everyone I found this video on how to draw support and resistance levels. It's very good indeed. The approach is to start at the very highest time frames (monthly!) and work down. Makes a lot of sense as support/resistance levels on the high time frames are far more reliable. Looking at EURUSD for instance, the reversal on Friday occured at a strong rsistance level on H4 and Daily. Looks like a nice one for the bears on Monday! https://www.youtube.com/watch?v=48eo5kr6tnk {image}
Very useful for newbies Ido also switch a lot to line charts to recognize some patterns that looks much more clear than in candles chart.
Also very useful using different colors or different types of lines to recognize immediately the time frame.
Cheers mate.
Simple and useful.
  • #7,325
  • Edited 3:29pm Nov 4, 2018 7:31am | Edited 3:29pm
Quoting witowito
{quote} Very useful for newbies Ido also switch a lot to line charts to recognize some patterns that looks much more clear than in candles chart. Also very useful using different colors or different types of lines to recognize immediately the time frame. Cheers mate. Simple and useful.

Yes. Excellent ideas too.

I think the big problem we all have of course is that trying to watch numerous trading pairs on mulitiple times especially in the heat of battle (when the trading session has started) is very difficult indeed. I think that one has to try to utilise a "compromise" time frame - not too high so that one misses important intraday moves but also not too low so that one gets caught out by a lot of unnecessary "noise". I have settled on M30 (some people prefer M15) which I've found by experience is not too high and not too low for this S/R intraday strategy. I still have 10 pairs open - that is more then enough I think - I concentrate on EUR/GBP pairs (A,Z,J,U,C) mainly because I like like fast movers!

I suppose one can add XAUUSD to the list too. I also think perhaps that traders are not realising the true potential of this great little strategy of identifying and trading intraday S/R levels. Taking XAUUSD as an example once that level had been established at 1236.00 there were some great scalps available if one trusts in the level and takes multiple trades off it using a tight SL (one can scale in of course as an alternative or go down to M1/M5 to open a trade after the bounce). The same thing could be said in connection with the AUD pairs last friday too of course.
  • #7,326
  • Nov 5, 2018 12:29am Nov 5, 2018 12:29am
Morning everyone.
Lets see how the week unfolds. Personally right now I am not clear if this dollar stregh from friday was profit taken and we gonna see again eur and gbp rally or If Dollar gonna continue north and eu/cable gonna still falling.
The way it looks DXY and eur I will bet for dollar stregh and I will be lookin for shorting Eu again.
Right now is holding at some Trend walls wich could push the price a bit higher (1.141xx I guess) and then I will look for shorts again. Cable is a bit harder cause of brexit News is so manipulate it.Anyway Lets see how price goes and we will take some decissions.
Wish u all good trading week.
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  • #7,327
  • Nov 5, 2018 3:19am Nov 5, 2018 3:19am
Quoting witowito
{quote} Very useful for newbies Ido also switch a lot to line charts to recognize some patterns that looks much more clear than in candles chart. Also very useful using different colors or different types of lines to recognize immediately the time frame. Cheers mate. Simple and useful.
EDITING:
I forgot to say that after doing that I go and Look for the closest round number to set the lines...
  • #7,328
  • Nov 5, 2018 3:35am Nov 5, 2018 3:35am
slow moving monday.
i am looking at gbp.
the momentum from last week should give some idea especially gj.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,329
  • Nov 5, 2018 3:41am Nov 5, 2018 3:41am
Quoting Inthebox
slow moving monday. i am looking at gbp. the momentum from last week should give some idea especially gj.
U mean for shorting it? or the momentum that shows its a clear sign of reversal for u?
  • #7,330
  • Nov 5, 2018 3:47am Nov 5, 2018 3:47am
Quoting witowito
{quote} U mean for shorting it? or the momentum that shows its a clear sign of reversal for u?
h4 it's a strong v or w up.
no matter how it range, momentum still up.
normally monday just scalp up.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,331
  • Nov 5, 2018 4:12am Nov 5, 2018 4:12am
Quoting Inthebox
{quote} h4 it's a strong v or w up. no matter how it range, momentum still up. normally monday just scalp up.
tp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,332
  • Nov 5, 2018 4:16am Nov 5, 2018 4:16am
witowito
no gym and lunch yet?
oh time shift.
me going dinner.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,333
  • Edited 4:35am Nov 5, 2018 4:22am | Edited 4:35am
Quoting Inthebox
witowito no gym and lunch yet? oh time shift. me going dinner.
hahaha was trying to catch some move to start properly the week but i was not lucky yet, i think u are right Its time for the daily workout
Enjoy ur meal.
  • #7,334
  • Nov 5, 2018 6:20am Nov 5, 2018 6:20am
Hi everyone


EURAUD Well that level (1.5840) held up well didn't it! My goodness, that is most definitely what we're looking for, not so!

Euro looks nice and weak today - Bears in control as we thought. EURJPY looks interesting having just broken through Asian low. EU heading down to 1.1350 - worth a punt I think
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  • #7,335
  • Edited 7:25am Nov 5, 2018 7:15am | Edited 7:25am
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my analysis
broke trend line. retraced to around trend line plus h4 support.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,336
  • Nov 5, 2018 8:54am Nov 5, 2018 8:54am
Quoting Inthebox
{image} my analysis broke trend line. retraced to around trend line plus h4 support.
tp buy
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,337
  • Nov 5, 2018 9:01am Nov 5, 2018 9:01am
Quoting Inthebox
{quote} tp {image} {image}
tp another buy.
Attached Images
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,338
  • Nov 5, 2018 9:30am Nov 5, 2018 9:30am
Quoting Inthebox
{quote} tp buy {image} {image}
Well done - yes new session and a totally new situation!

Funny enough I get this every week and pretty spot on except he is talking about 1.1300 but it reversed at S1 - 1.1354

https://dailypriceaction.com/weekly-...340c7d90952032
  • #7,339
  • Nov 5, 2018 9:31am Nov 5, 2018 9:31am
waiting for planets to be aligned for shorting eur/longing dollar in 3...2...1...
I would like to see last fast move up to 1.141xx /129.04
  • #7,340
  • Nov 5, 2018 9:32am Nov 5, 2018 9:32am
What about this one?

GU back at that resistance level!


EURAUD

Look at all those scalps off support ( which I had drawn from much earlier this morning)
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