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THE only Pattern

  • #7,381
  • Nov 8, 2018 12:52am Nov 8, 2018 12:52am
Quoting Inthebox
{quote} tp {image}
hi Inthebox,

was that S/R indicator a fractal?

ty,

spijack
"bad trades at times do happen even when the set up are good"
  • #7,382
  • Nov 8, 2018 1:19am Nov 8, 2018 1:19am
Quoting witowito
{quote} I hope u took profits for it.Something very similar happen last week with the GBP before it makes new highs. I would like to see price breaking the pivot point(grey rectangle) to confirm the theory. Fast move that stopped at a key point, and then reverse... I guess is a flash sell to catch some stops and people who sell beacuse of the fast move so the big hands can get some liquidity and then... boom north side. Its is just my theory so dont take me so serious LOL I scalped some pips there There u have last week move( 1st November)...
Ok.Update from yesterday post:
Price clearly could not break the grey box that I said it should brek to complete my theory. Instead the price was rejected strongly from that box wich means for me that lot of sell orders was remaning at that levels.
This morning when i Saw how it unfolds the short was clear cause it broke the support(purple line) + beautifull price action.
I tryed to find a entry with tight stop lost wich was the one u can see in the pic...
Price drop strongly to my first TP (grey box with that brown line(nose pattern) and stop it there so I took most of the trade out cause an inneficiency move like that needs to pull back probably again to the daily opening(blue line) in confluences with order block...
There if prices react I will try to re-entry looking for the 1.309xx 1.308xx area.
Attached Image (click to enlarge)
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  • #7,383
  • Nov 8, 2018 1:48am Nov 8, 2018 1:48am
Quoting spijack
{quote} hi Inthebox, was that S/R indicator a fractal? ty, spijack
yes. mtf fractal.
https://www.forexfactory.com/showthr...8#post11562258
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,384
  • Nov 8, 2018 1:56am Nov 8, 2018 1:56am
Quoting Inthebox
{quote} yes. mtf fractal. https://www.forexfactory.com/showthr...8#post11562258
nice s/r indi you have...
i'm using old KG s/r indi, but your's has option..
i might started using it
"bad trades at times do happen even when the set up are good"
  • #7,385
  • Nov 8, 2018 1:56am Nov 8, 2018 1:56am
Quoting witowito
{quote} There if prices react I will try to re-entry looking for the 1.309xx 1.308xx area. {image}
situation change. pin bar forming.....
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,386
  • Nov 8, 2018 1:58am Nov 8, 2018 1:58am
GBP bulls will be targeting 1.3184 today
It's in fear when people show what they truly value.
  • #7,387
  • Nov 8, 2018 2:02am Nov 8, 2018 2:02am
Yep price clearly reverse with massive strength and broke the level forming a beautiful pin bar, so idea of new shorts get invalidate... i will try to get on board in a pullback to that area
  • #7,388
  • Nov 8, 2018 2:16am Nov 8, 2018 2:16am
Quoting witowito
Yep price clearly reverse with massive strength and broke the level forming a beautiful pin bar, so idea of new shorts get invalidate... i will try to get on board in a pullback to that area
If im honest Still bearish... not clear that reversal, after where it stops... its looks that was a bull trap.
Need to see price unfold a bit more cause im confuse but for me still bearish ATM
  • #7,389
  • Nov 8, 2018 2:17am Nov 8, 2018 2:17am
Quoting Inthebox
{quote} situation change. pin bar forming.....
tp
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,390
  • Nov 8, 2018 2:22am Nov 8, 2018 2:22am
Quoting Inthebox
{quote} tp {image}
classic EU open, whip up/down then flip trend
"bad trades at times do happen even when the set up are good"
  • #7,391
  • Nov 8, 2018 2:57am Nov 8, 2018 2:57am
comparison of 4 fractals - 2 highs and 2 lows.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,392
  • Nov 8, 2018 3:08am Nov 8, 2018 3:08am
buy
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,393
  • Nov 8, 2018 3:22am Nov 8, 2018 3:22am
tp sell
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,394
  • Nov 8, 2018 3:34am Nov 8, 2018 3:34am
Quoting witowito
{quote} Ok.Update from yesterday post: Price clearly could not break the grey box that I said it should brek to complete my theory. Instead the price was rejected strongly from that box wich means for me that lot of sell orders was remaning at that levels. This morning when i Saw how it unfolds the short was clear cause it broke the support(purple line) + beautifull price action. I tryed to find a entry with tight stop lost wich was the one u can see in the pic... Price drop strongly to my first TP (grey box with that brown line(nose pattern) and...
Nice one! Shows the value of living further east!!

I just could not get up this morning - but looks like the bears are in control again?
  • #7,395
  • Nov 8, 2018 3:41am Nov 8, 2018 3:41am
Quoting Inthebox
tp sell {image}
Wow!

You need to put up TE - would be an inspiration to us (and we can follow when you open a trade!)
  • #7,396
  • Nov 8, 2018 3:46am Nov 8, 2018 3:46am
Quoting jmtini
{quote} Wow! You need to put up TE - would be an inspiration to us (and we can follow when you open a trade!)
i did not intend to sell until i saw ej gj m15 pin bar at d1 resistance.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,397
  • Nov 8, 2018 5:38am Nov 8, 2018 5:38am
Quoting witowito
{quote} Ok.Update from yesterday post: Price clearly could not break the grey box that I said it should brek to complete my theory. Instead the price was rejected strongly from that box wich means for me that lot of sell orders was remaning at that levels. This morning when i Saw how it unfolds the short was clear cause it broke the support(purple line) + beautifull price action. I tryed to find a entry with tight stop lost wich was the one u can see in the pic... Price drop strongly to my first TP (grey box with that brown line(nose pattern) and...
Well and after messing around up and down a bit and taking out long and shorts finally reached the final TP 1.309xx-1.308xx area, now it could reversal but Im not sure if is what it wants or if dollar has bottomed and its going north side now on
  • #7,398
  • Nov 8, 2018 6:00am Nov 8, 2018 6:00am
Quoting witowito
{quote} Well and after messing around up and down a bit and taking out long and shorts finally reached the final TP 1.309xx-1.308xx area, now it could reversal but Im not sure if is what it wants or if dollar has bottomed and its going north side now on
Yes could be but could be a bear trap! I lot of people will be enticed to buy now but I think it's going down more. IMHO anyway

EDIT
Spoke too soon - you were right!
  • #7,399
  • Nov 8, 2018 6:07am Nov 8, 2018 6:07am
Quoting witowito
{quote} Well and after messing around up and down a bit and taking out long and shorts finally reached the final TP 1.309xx-1.308xx area, now it could reversal but Im not sure if is what it wants or if dollar has bottomed and its going north side now on
1.309 Holds perfectly
  • #7,400
  • Nov 8, 2018 6:17am Nov 8, 2018 6:17am
Quoting jmtini
{quote} Yes could be but could be a bear trap! I lot of people will be enticed to buy now but I think it's going down more. IMHO anyway EDIT Spoke too soon - you were right!
I wasnt sure anyway but some confluences build the Idea...Eurusd at key level and Gold also bottomin at a key point, if we finish this hour engulfing I think that eur will make new highs of the week.probably cable and gold aswell... so there as plenty of space to jump in this trades, no rush and also carefully case later on is FOMC bullshit....
This is my Idea of course we need to see how price unfolds but this confluences are making the idea stronger
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