THE only Pattern | Page 377 | Forex Factory

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THE only Pattern

  • #7,521
  • Nov 14, 2018 5:14am Nov 14, 2018 5:14am
Quoting kellycml
{quote} Hi Inthebox, Actually my strategy is always enter in microlots, I added when I thought I was in the right trend. So what I did is cut some of the trades and try to preserve my capital. Yes, time to reflect what I did wrong.
please take this positively.
then there is another aspect to adding on trades at certain fractals and placement of exit points if doesn't go you way.
happy triggerring of 10 clicks of microlots can turn bad. so maybe maximum 3 to 5?
yesterday my buy gbp trades turned bad, today turned good. really can't tell. analysis later.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,522
  • Nov 14, 2018 5:14am Nov 14, 2018 5:14am
Quoting jmtini
{quote} I think we can all sympathise with you kellycml - to be honest I've lost count of how many accounts I've blown over the years. I turned things around only when I stopped over-leveraging - Inthe box is quite right in what he says.
Takes few times before Risk is really understood and taken seriously. Something you learn yourself with the big mistakes..
It's in fear when people show what they truly value.
  • #7,523
  • Nov 14, 2018 6:00am Nov 14, 2018 6:00am
Hi guys (I am assuming all gentlemen here),
Sorry for late reply, need to cook dinner for family 1st.

Appreciate the kind words and encouragement ... I shared my 'failure' so hopefully other new traders can learn a thing or two. Actually I spent the last few days going over this thread from page one till current page 377. Will post some charts and seek comments once I get my account back to 'normal'. I am refraining from trading for now.

Green pips to all of you!
  • #7,524
  • Nov 14, 2018 6:01am Nov 14, 2018 6:01am
Quoting Inthebox
averaging into selling gbp spike
i made the above statement based rightly or wrongly on what i previously observed that every time they get excited about brexit, price will relay then back to reality. sometime like buy the rumour sell the fact. i misjudged the impetus this time.
then i added on more spikes up thinking that that could be an exhausted spike, but no.
the last entries of which was at a strong resistance area and brn 1.3050.
on looking back, none of the m5 candle closed below the lower fractals. only when the one closed below the blue fractal, price started going down.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,525
  • Nov 14, 2018 6:22am Nov 14, 2018 6:22am
Quoting Inthebox
{quote} i made the above statement based rightly or wrongly on what i previously observed that every time they get excited about brexit, price will relay then back to reality. sometime like buy the rumour sell the fact. i misjudged the impetus this time. then i added on more spikes up thinking that that could be an exhausted spike, but no. the last entries of which was at a strong resistance area and brn 1.3050. on looking back, none of the m5 candle closed below the lower fractals. only when the one closed below the blue fractal, price started...
This is why I said there are oppurtunities both sides, depends what side you want to do ...

Beggining of week when GBP was selling and showing massive weakness, I was looking for buy, buying cheap Pound knowing it had value and having confidence in the level's, weekly range level's being hit... also evidence of the bounces from the area..

When everyone is excited looking one way, I start to consider the other way. Also atheer is pretty good at this , and monday I highlited the oppurtunity to make some good buys..
It's in fear when people show what they truly value.
  • #7,526
  • Nov 14, 2018 6:34am Nov 14, 2018 6:34am
Quoting kaneutaka
{quote} 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.
Nice share Kaneutaka
It's in fear when people show what they truly value.
  • #7,527
  • Nov 14, 2018 6:45am Nov 14, 2018 6:45am
Quoting ensale
{quote} Nice share Kaneutaka
Conventional wisdom will tell you to trade these patterns a certian way, Don't be afraid to go away from that and learn your way of approaching it.

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https://www.forexbrokerslab.com/char...erns-in-forex/
It's in fear when people show what they truly value.
  • #7,528
  • Nov 14, 2018 6:52am Nov 14, 2018 6:52am
GJ, GU

Are they pushing it up to get some liquidity for the US session? Looks like it!
  • #7,529
  • Nov 14, 2018 7:04am Nov 14, 2018 7:04am
Quoting jmtini
GJ, GU Are they pushing it up to get some liquidity for the US session? Looks like it!
It's euro turn now
It's in fear when people show what they truly value.
  • #7,530
  • Nov 14, 2018 7:14am Nov 14, 2018 7:14am
cpi soon.
positioning.....
usdcad in range.
usdjpy in triangle.
get your usd cue if you are trading eur or gbp.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,531
  • Nov 14, 2018 7:28am Nov 14, 2018 7:28am
Quoting jmtini
GJ, GU Are they pushing it up to get some liquidity for the US session? Looks like it!
I was expecting a drop in eu/ej gu/gj but it looks like it in stregh mode, no down move...
  • #7,532
  • Nov 14, 2018 7:34am Nov 14, 2018 7:34am
Quoting witowito
{quote} I was expecting a drop in eu/ej gu/gj but it looks like it in stregh mode, no down move...
And there it goes... UP UP :S
  • #7,533
  • Nov 14, 2018 7:38am Nov 14, 2018 7:38am
expecting eur gbp to go down later. watching m1 and m5.
do not know how relevant CPI year on year is.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,534
  • Nov 14, 2018 7:39am Nov 14, 2018 7:39am
and usdjpy stay's clueless..she does'nt know which way she want to go
It's in fear when people show what they truly value.
  • #7,535
  • Nov 14, 2018 7:41am Nov 14, 2018 7:41am
uj is going up. ucad starting to to go up.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,536
  • Nov 14, 2018 7:50am Nov 14, 2018 7:50am
Quoting Inthebox
uj is going up. ucad starting to to go up.
I was thinking in a strong jpy but looks like a weaker m*therf*cker
  • #7,537
  • Nov 14, 2018 8:17am Nov 14, 2018 8:17am
Time to call it a day..... Good day guys
It's in fear when people show what they truly value.
  • #7,538
  • Nov 14, 2018 8:20am Nov 14, 2018 8:20am
Quoting ensale
Time to call it a day..... Good day guys
Congrats buddy...
Lucky u...
today I got caught on the wrong side...
  • #7,539
  • Nov 14, 2018 8:28am Nov 14, 2018 8:28am
Quoting witowito
{quote} Congrats buddy... Lucky u... today I got caught on the wrong side...
Let see what US bells brings...
  • #7,540
  • Nov 14, 2018 8:56am Nov 14, 2018 8:56am
EUR going WILD
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