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THE only Pattern

  • #7,441
  • Nov 12, 2018 3:31am Nov 12, 2018 3:31am
Quoting ensale
Only thing i am thinking now is counter trend...
I also see dollar moving down from here, at least for a pullback to move eur around 1.129-1.13 but im waiting price for doing this, if not... im not trading it
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  • #7,442
  • Nov 12, 2018 3:39am Nov 12, 2018 3:39am
EU at S of 1.1250-60..........GU at S of 1.2840-50 both look pretty strong bearish ...............US bank holiday may not help for a correction.............let us see
atheer1
  • #7,443
  • Nov 12, 2018 3:49am Nov 12, 2018 3:49am
Quoting atheer1
EU at S of 1.1250-60..........GU at S of 1.2840-50 both look pretty strong bearish ...............US bank holiday may not help for a correction.............let us see
I was thinking because of those levels at same time of gu and eur +dxy level we could see some pullback for later on continue with the drop. Bank holiday in US also affect at londond session? And other question... when there is holidays it means that there is less liquidity so moving counter trend is harder and slippering in the direction of the trend its what normally happen?
Thnks in advance for it.
  • #7,444
  • Nov 12, 2018 4:50am Nov 12, 2018 4:50am
Quoting witowito
{quote} I also see dollar moving down from here, at least for a pullback to move eur around 1.129-1.13 but im waiting price for doing this, if not... im not trading it {image}
Scalping levels.
If we clear break the grey boxe of above i will try to re-enter, if we get reject... i will short it back looking for 1.125 and probably new lows...
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  • #7,445
  • Nov 12, 2018 4:56am Nov 12, 2018 4:56am
Quoting witowito
{quote} I was thinking because of those levels at same time of gu and eur +dxy level we could see some pullback for later on continue with the drop. Bank holiday in US also affect at londond session? And other question... when there is holidays it means that there is less liquidity so moving counter trend is harder and slippering in the direction of the trend its what normally happen? Thnks in advance for it.
Typically in low liquidity situation moves are spiky rather than trendy and it can happen in both directions......but if a major move to happen it is almost always in trend direction
atheer1
  • #7,446
  • Nov 12, 2018 5:11am Nov 12, 2018 5:11am
Quoting witowito
{quote} Scalping levels. If we clear break the grey boxe of above i will try to re-enter, if we get reject... i will short it back looking for 1.125 and probably new lows... {image}
Okey we got rejected so I shorted IT... first TP 1.125... ( abit higher cause i have the pivot box there with the trend line so not sure if it gonna continue or turn around there. Most likely gonna drop further but just in case i took profit and protect the trade.
EJ also TP
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  • #7,447
  • Nov 12, 2018 5:14am Nov 12, 2018 5:14am
Quoting witowito
{quote} Okey we got rejected so I shorted IT... first TP 1.125... ( abit higher cause i have the pivot box there with the trend line so not sure if it gonna continue or turn around there. Most likely gonna drop further but just in case i took profit and protect the trade. EJ also TP {image} {image}
Meanwhile gbp is holding at key levels so it could reverse from there. need more confirmation (h1 OP at least...)
  • #7,448
  • Nov 12, 2018 5:25am Nov 12, 2018 5:25am
Quoting witowito
{quote} Okey we got rejected so I shorted IT... first TP 1.125... ( abit higher cause i have the pivot box there with the trend line so not sure if it gonna continue or turn around there. Most likely gonna drop further but just in case i took profit and protect the trade. EJ also TP {image} {image}
Nice!

Don't see any reason to look for counter-trend - just beware we going into stop hunting period also bear traps as they will try to entice people to start buying!

Is it a holiday in the US today? If so, USD will remain strong all day IMHO
  • #7,449
  • Nov 12, 2018 5:29am Nov 12, 2018 5:29am
Quoting jmtini
{quote} Nice! Don't see any reason to look for counter-trend - just beware we going into stop hunting period also bear traps as they will try to entice people to start buying! Is it a holiday in the US today? If so, USD will remain strong all day IMHO
they can entice me. I am up for it. let's see
It's in fear when people show what they truly value.
  • #7,450
  • Nov 12, 2018 5:34am Nov 12, 2018 5:34am
Quoting ensale
{quote} they can entice me. I am up for it. let's see
Just closed some scalp's +60 pips ..
GCAD/GBPNZD LONG!
It's in fear when people show what they truly value.
  • #7,451
  • Nov 12, 2018 5:41am Nov 12, 2018 5:41am
Quoting ensale
{quote} Just closed some scalp's +60 pips .. GCAD/GBPNZD LONG!

You're a devil!!

Of course retracements can be profitable but I've been caught out too many times - these days I religiously stick with the maiin trend. Hey presto my account balance is growing for a change!

Anyway guys I'm watching GZ like a hawk for re-entry. NZD is strong today

GJ too - retracement looks weak!
  • #7,452
  • Nov 12, 2018 5:49am Nov 12, 2018 5:49am
Quoting jmtini
{quote} You're a devil!! Of course retracements can be profitable but I've been caught out too many times - these days I religiously stick with the maiin trend. Hey presto my account balance is growing for a change! Anyway guys I'm watching GZ like a hawk for re-entry. NZD is strong today GJ too - retracement looks weak!
..Lol.

p.s Your right, when the trend is this strong, it's best to stick with.
It's in fear when people show what they truly value.
  • #7,453
  • Nov 12, 2018 5:49am Nov 12, 2018 5:49am
Gu.................

1.270xx
1.277xx
1.280xx
1.284xx
1.287xx
1.291xx
1.294xx
1.297xx
atheer1
  • #7,454
  • Nov 12, 2018 5:59am Nov 12, 2018 5:59am
GZ / GJ looking better guys - take your pick
  • #7,455
  • Nov 12, 2018 6:04am Nov 12, 2018 6:04am
Quoting jmtini
GZ / GJ looking better guys - take your pick
If i pick , i pick GNZD
It's in fear when people show what they truly value.
  • #7,456
  • Nov 12, 2018 6:07am Nov 12, 2018 6:07am
Quoting ensale
{quote} If i pick , i pick GNZD

Agreed (image)
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  • #7,457
  • Nov 12, 2018 6:46am Nov 12, 2018 6:46am
Quoting jmtini
{quote} Agreed (image) {image}
Good job, nice ride down to the floor.
It's in fear when people show what they truly value.
  • #7,458
  • Nov 12, 2018 6:48am Nov 12, 2018 6:48am
Quoting ensale
{quote} If i pick , i pick GNZD
does GN usually run same direction as GA? I don't really trade those pairs but i am in short G/A now and might hold longer..
  • #7,459
  • Nov 12, 2018 6:49am Nov 12, 2018 6:49am
Quoting cdb07d
{quote} does GN usually run same direction as GA? I don't really trade those pairs but i am in short G/A now and might hold longer..
Usually yes. about 85 percent correlation ..
It's in fear when people show what they truly value.
  • #7,460
  • Nov 12, 2018 7:17am Nov 12, 2018 7:17am
for today nzd is the better choice as it is stronger than aud.
however i concentrate on aud because spread for gn en is really wide.
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ITB - Seeing Orderliness amongst 'Randomness'
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