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THE only Pattern

  • #7,461
  • Nov 12, 2018 7:50am Nov 12, 2018 7:50am
Quoting Inthebox
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. {image}

Depends on your broker - Tickmill is not too bad about 2 pips including the commission (widens during the night of course!). GZ and EZ can be nice to trade on days like today. Having said that I notice that things are getting a bit messy now. Could be time to pack up and go play a round of golf!
  • #7,462
  • Nov 12, 2018 7:51am Nov 12, 2018 7:51am
Look at these nice buy Bounces .. gbpnzd etc... buetifull market..
It's in fear when people show what they truly value.
  • #7,463
  • Nov 12, 2018 7:54am Nov 12, 2018 7:54am
Quoting ensale
Look at these nice buy Bounces .. gbpnzd etc... buetifull market..
It was news again ensale...........but it is always part of the game
atheer1
  • #7,464
  • Nov 12, 2018 7:54am Nov 12, 2018 7:54am
Quoting witowito
{quote} Meanwhile gbp is holding at key levels so it could reverse from there. need more confirmation (h1 OP at least...)
Bang and there she goes...
  • #7,465
  • Nov 12, 2018 8:06am Nov 12, 2018 8:06am
Quoting witowito
{quote} Bang and there she goes...
Im just monitoring gu and gj but when i wrote that... both of them bottomed at drawn lines, then they give a beaituful OP set up.
Later on they accumulate and wait for that news impulse to get to the levels... now it could continue its way
  • #7,466
  • Nov 12, 2018 8:12am Nov 12, 2018 8:12am
Quoting atheer1
{quote} It was news again ensale...........but it is always part of the game

This? https://www.forexfactory.com/news.php?do=news&id=846753

Yes the game is counter-trend or liquidity hunt? I suppose both could be true!
  • #7,467
  • Nov 12, 2018 9:31am Nov 12, 2018 9:31am
Quoting HappyMan
{quote} Anything else you can add would be helpful.
I use only 6 patterns in trading. In fact according to this Chart Patterns in Forex article, they are really useful. They are Double Top, Head and Shoulders, Wedges, Rectangles, Pennants and Triangles.
  • #7,468
  • Nov 12, 2018 9:49am Nov 12, 2018 9:49am
yeah i have hard time trading g/n because the spread is 2x the spread of g/a for me. but maybe makes sense for others w/ different broker.


g/j have been watching but i'll wait to see what happens around the middle/bottom of this buying bar from news. first thought news spike up in a downtrend probably a shakeout but unless theres a good op entry i'll stay flat until tomorrow. already hit it's daily range and bounced back to the middle
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  • #7,469
  • Nov 12, 2018 10:02am Nov 12, 2018 10:02am
Quoting witowito
{quote} Im just monitoring gu and gj but when i wrote that... both of them bottomed at drawn lines, then they give a beaituful OP set up. Later on they accumulate and wait for that news impulse to get to the levels... now it could continue its way
Back to origin point...
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  • #7,470
  • Nov 12, 2018 10:36am Nov 12, 2018 10:36am
tp
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,471
  • Nov 12, 2018 10:50pm Nov 12, 2018 10:50pm
tp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,472
  • Nov 13, 2018 1:38am Nov 13, 2018 1:38am
Well I have the impression after price action that Pound want to rally from this levels(gu gj...)
  • #7,473
  • Nov 13, 2018 2:06am Nov 13, 2018 2:06am
Quoting witowito
Well I have the impression after price action that Pound want to rally from this levels(gu gj...)
seems that unable to take out previous ny high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,474
  • Nov 13, 2018 2:08am Nov 13, 2018 2:08am
Quoting Inthebox
{quote} seems that unable to take out previous ny high.
Yes u are right i was looking at that, it stops extactly as yesterday levels(gj) and inmidiatly react so not good for longs...
  • #7,475
  • Nov 13, 2018 2:10am Nov 13, 2018 2:10am
and eurusd looks like it want to do one more push for new fresh lows so gu also dangerous longing it...
  • #7,476
  • Nov 13, 2018 2:24am Nov 13, 2018 2:24am
at the moment, ldn session,
eur weaker than gbp, jpy weaker than usd
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,477
  • Nov 13, 2018 2:40am Nov 13, 2018 2:40am
still brexit news driving. waiting for yesterday's high and brn.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,478
  • Nov 13, 2018 2:42am Nov 13, 2018 2:42am
Quoting witowito
Well I have the impression after price action that Pound want to rally from this levels(gu gj...)
Fck and there she goes without me...
I Had that move in mind cause price was showing it clearly but then it stops at the key levels for small retracment and reading u it made me doub about it...
Well one more lesson today: When u have something in ur mind stick to it and dont hear no body, for the good and for the bad...
Now at this level it could reversal again, but at least i was expecting 147.4 and 1.291...
MY FAULT
  • #7,479
  • Nov 13, 2018 2:54am Nov 13, 2018 2:54am
Quoting witowito
{quote} Fck and there she goes without me... I Had that move in mind cause price was showing it clearly but then it stops at the key levels for small retracment and reading u it made me doub about it... Well one more lesson today: When u have something in ur mind stick to it and dont hear no body, for the good and for the bad... Now at this level it could reversal again, but at least i was expecting 147.4 and 1.291... MY FAULT
lol. yes form your opinion since you had analyse it.
mine may differ from yours since you are scalping and i day trading for one direction.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,480
  • Nov 13, 2018 2:58am Nov 13, 2018 2:58am
Quoting Inthebox
{quote} lol. yes form your opinion since you had analyse it. mine may differ from yours since you are scalping and i day trading for one direction.
Agree
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