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THE only Pattern

  • #7,661
  • Nov 20, 2018 1:59am Nov 20, 2018 1:59am
GBPAUD/GBPNZD...

Bounce up 50+ pip's..

Without Gu doing a thing but sittting there.. NU/AU weakness on gold/commodoties.
It's in fear when people show what they truly value.
  • #7,662
  • Edited 4:07am Nov 20, 2018 3:24am | Edited 4:07am
Quoting ensale
GBPAUD/GBPNZD... Bounce up 50+ pip's.. Without Gu doing a thing but sittting there.. NU/AU weakness on gold/commodoties.
On completion of short GU move.. Buyers across gbp pairs feasted

GU 35 pip's move
GCAD 55 pip's
GBPJPY 50 Pip's
GBPNZD 90 Pip's
GBPAUD 120 Pip's

Below I highlight The Price Action, the profit taking + buying taking place..

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P.S The hope is that you start seeing these setup's and spotting the big player's.. be objective and use not just one factor but multiple factor's to get you into a trade. for example, Sign's of accumulation + trend slowdown + Strong OP setup = A Top Setup with good probabitlties
It's in fear when people show what they truly value.
  • #7,663
  • Nov 20, 2018 4:02am Nov 20, 2018 4:02am
Quoting jmtini
{quote} GJ will target 144 possibly 143.50 on the horizon GZ look for 186.50
Yep - the market had other ideas!
  • #7,664
  • Nov 20, 2018 4:07am Nov 20, 2018 4:07am
Quoting ensale
{quote} On completion of short GU move.. Buyers across gbp pairs feasted GU 35 pip's move GCAD 55 pip's GBPJPY 50 Pip's GBPNZD 90 Pip's GBPAUD 120 Pip's Below I highlight The Price Action, the profit taking + buying taking place.. {image} {image} {image} {image} {image} P.S The hope is that you start seeing these setup's and spotting the big player's.. be objective and use not just one factor but multiple factor's to get you into a trade. for example, Sign's of accumulation, trend slowdown + Strong OP setup = A Top Setup with good probabitlties
Going down again after retracement. What goes up must come down!

GBPJPY sentiment is bearish - bounced nicely off 12 ema and daily pivot - H4
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  • #7,665
  • Nov 20, 2018 4:11am Nov 20, 2018 4:11am
Quoting jmtini
{quote} Going down again after retracement. What goes up must come down! GBPJPY sentiment is bearish - bounced nicely off 12 ema and daily pivot - H4 {image}
GJ pretty on point at 144.. Gbp really good to trade atm.. back to the cove for me... saying that .. perhaps will slow down now
It's in fear when people show what they truly value.
  • #7,666
  • Nov 20, 2018 4:28am Nov 20, 2018 4:28am
Quoting ensale
{quote} GJ pretty on point at 144.. Gbp really good to trade atm.. back to the cove for me... saying that .. perhaps will slow down now

GBP has been difficult to trade quite honestly. But you spotted the retracement nicely- well done

I think GBP is dangerous though these days due to Brexit going one way then the other - any positive/negative news no matter how indignificant can cause a nasty spike!

I think Witowito was right about EUR being the better option today!
  • #7,667
  • Nov 20, 2018 4:47am Nov 20, 2018 4:47am
Quoting jmtini
{quote} GBP has been difficult to trade quite honestly. But you spotted the retracement nicely- well done I think GBP is dangerous though these days due to Brexit going one way then the other - any positive/negative news no matter how indignificant can cause a nasty spike! I think Witowito was right about EUR being the better option today!
Back from gym...
I just saw that eur still pushing down but i would like to see price close (h1) 1.1394 at least, so then I will start shorting all the way down, looking for pullbacks.
If we can not close below those levels... I belive we have to continue buying.
What do u guys think?
Price just stoped now at weekly open level, a break thru and close below level that i said... would give as the opportunity of the body of the candle and yesterday and today was just the wick of the wekly candle...
Let see how it unfolds
  • #7,668
  • Nov 20, 2018 4:50am Nov 20, 2018 4:50am
Quoting jmtini
{quote} GBP has been difficult to trade quite honestly. But you spotted the retracement nicely- well done I think GBP is dangerous though these days due to Brexit going one way then the other - any positive/negative news no matter how indignificant can cause a nasty spike! I think Witowito was right about EUR being the better option today!
We are different.. brexit trained me well.. for me gbp is my specialty.. (for now,)

Today it's a beut .. other day's can be difficult..ofcourse..
It's in fear when people show what they truly value.
  • #7,669
  • Nov 20, 2018 5:09am Nov 20, 2018 5:09am
Quoting jmtini
Just scalped 20 pips in hurry GZ and GJ - plenty more available guys
How did you decipher there was more availble, the momentum?

Just trying to figure out how you interperet that.
It's in fear when people show what they truly value.
  • #7,670
  • Nov 20, 2018 7:17am Nov 20, 2018 7:17am
Ok Im closing the whole position.
Price could not close below the level, just a wick so it could easy be a stop run
I believe that dollar has bottomed and it will go for new HH but no rush for that, lets wait for more confirmation and in case of that We will try to find a good point for shorting it back.
If not... We will look for buying opportunities.
Thats it.Thats all
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  • #7,671
  • Nov 20, 2018 7:20am Nov 20, 2018 7:20am
Quoting ensale
{quote} How did you decipher there was more availble, the momentum? Just trying to figure out how you interperet that.
Sorry for the delay I was just scalping a few pips on the dramatic rise just now on GZ

Do forgive me for not taking into account today's incredible volatility on GBP pairs! Yes at that time the momentum for sure - NZD and JPY were very strong at that stage and GBP/EUR opposite. The move down was fast and furious. Unfortunately currency-strength-wise things have been swinging around wildly today that's for sure. That is not something one sees every day

When I made that post around 8.55am (UK time) there was still around 30 pips available on the move down GZ or GJ - 30 pips is not too bad is it? GZ S1 is at 1.8684 but they will take it where they want!!
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  • #7,672
  • Nov 20, 2018 7:41am Nov 20, 2018 7:41am
Quoting ensale
{quote} On completion of short GU move.. Buyers across gbp pairs feasted GU 35 pip's move GCAD 55 pip's GBPJPY 50 Pip's GBPNZD 90 Pip's GBPAUD 120 Pip's Below I highlight The Price Action, the profit taking + buying taking place.. {image} {image} {image} {image} {image} P.S The hope is that you start seeing these setup's and spotting the big player's.. be objective and use not just one factor but multiple factor's to get you into a trade. for example, Sign's of accumulation + trend slowdown + Strong OP setup = A Top Setup with good probabitlties...

that's one of my favorite setups to trade. shakeout on high volume followed by OP. in a daily uptrend works even better for TP but these setups happen over and over and offer great r/r. because smart money has stopped the downward momentum and the OP is a confirmed test of that buying to see if they've taken enough of the sellers out to drive price up.

this happened yesterday in GBP pairs too
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  • #7,673
  • Nov 20, 2018 8:08am Nov 20, 2018 8:08am
EU reacted to S at 1.1380-90 which is a typical pullback of its last daily up move....... may have another test.......
atheer1
  • #7,674
  • Nov 20, 2018 9:11am Nov 20, 2018 9:11am
Quoting witowito
Ok Im closing the whole position. Price could not close below the level, just a wick so it could easy be a stop run I believe that dollar has bottomed and it will go for new HH but no rush for that, lets wait for more confirmation and in case of that We will try to find a good point for shorting it back. If not... We will look for buying opportunities. Thats it.Thats all {image}
Updating it.
After trying to make a new rally up, price fail to break thru first Resistence area and instead reverse and continue it way down, now we have a break of market structure in h1 wich means ( FOR ME) that the down side its already open.
I will try to get on board in the way down. First TP level would be 1.135 and as real TP is break the lows of last week 1.121
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  • #7,675
  • Nov 20, 2018 10:02am Nov 20, 2018 10:02am
Quoting atheer1
EU reacted to S at 1.1380-90 which is a typical pullback of its last daily up move....... may have another test.......
EU just breaking that and is moving toward next S of 1.1350-60...........this is the cut line between continuation of the long term downtrend and anything the bulls have to say..............
atheer1
  • #7,676
  • Nov 20, 2018 10:35am Nov 20, 2018 10:35am
Quoting Inthebox
{image}
tp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,677
  • Edited 11:10am Nov 20, 2018 10:58am | Edited 11:10am
Quoting atheer1
{quote} EU just breaking that and is moving toward next S of 1.1350-60...........this is the cut line between continuation of the long term downtrend and anything the bulls have to say..............
Why do u consider this levels as key point between trends?


For me this is the ideal scenario but i dont think that they will make it that beauty and perfectly nice...
(if bears are already in control they wont lose time to make it drop, no time for hesitation i guess)
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  • #7,678
  • Nov 20, 2018 11:16am Nov 20, 2018 11:16am
Quoting Inthebox
{quote} tp {image}
Congrats for this lovely trade mate, really nice one. but i have a question, from the point of view of OP and ur lines in the chart... Why did u buy when the level was broken?
I dont trade usdcad and i dont have idea about levels or behavior of it so im curious about it and for improving, please dont take me wrong.
I really like ur explanations ...
Cheers buddy
  • #7,679
  • Nov 20, 2018 11:30am Nov 20, 2018 11:30am
Quoting witowito
{quote} The thing is that eu looks as a better short than gu for my point of view... eurgbp is showing a pattern that could suggest weaker eur than gu but of course is just my idea DXY is also at a key level wich react very good so it could even be the bottom for it and look for new highs. Its too early for that but it suggest that. Also thinking about how market made me switch my idea yesterday is a clear sign of what u said(the picture that u posted)... selling all the way up and when i really should be selling, i switch to buy... I dont know...
Very nice reaction from the channel at DXY that we saw this early morning...
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  • #7,680
  • Nov 20, 2018 12:28pm Nov 20, 2018 12:28pm
Quoting witowito
{quote} Why do u consider this levels as key point between trends? For me this is the ideal scenario but i dont think that they will make it that beauty and perfectly nice... (if bears are already in control they wont lose time to make it drop, no time for hesitation i guess) {image}
Look at this month using the daily chart.............from 7th of Nov. to 11th of Nov. down swing from 1.15 to 1.1215 then up swing to around 1.1472 so almost equal swings............1.135xx is around 50% of this............and here both parties bulls and bears have to decide where the month will close bearish or bullish.....and although long term it is bearish and more likely to make new swing low..........but this behavior of the daily this month worried me about early signs of bear weakness
atheer1
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