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THE only Pattern

  • #7,681
  • Nov 20, 2018 3:36pm Nov 20, 2018 3:36pm
Quoting Inthebox
{quote} tp {image}
Yes - great trade - I also don't follow the pair - maybe I should!

Just wondering how you trusted that it wouldn't break through that bottom trend line - for a while it looked like it was going to!
Attached Image (click to enlarge)
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  • #7,682
  • Nov 20, 2018 4:18pm Nov 20, 2018 4:18pm
Quoting atheer1
{quote} 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
Thank you very much for the explanations.
I will look at it carefully.
  • #7,683
  • Nov 20, 2018 11:36pm Nov 20, 2018 11:36pm
Quoting witowito
{quote} 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
1. the op lines shown were drawn on d1. at times price reaction happens about 20 pips off that.
2. actually it happened on the h4 op lines if one were to draw it. a horizontal lying "s".
3. if further look on h1, 2 pins were already formed before. i still holding some entries around the level there but were not shown.
4. the entries were not that good as can be seen price dropped further. i would further cost averaged later but i was not around.
5. support of d1 and h4 uptrend. also upward trend line below.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,684
  • Nov 20, 2018 11:48pm Nov 20, 2018 11:48pm
Quoting jmtini
{quote} Yes - great trade - I also don't follow the pair - maybe I should! Just wondering how you trusted that it wouldn't break through that bottom trend line - for a while it looked like it was going to! {image}
my explanation above.
different perspectives of drawing trend lines.
1. on the apex (yellow)
2. on the close (blue)
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,685
  • Nov 20, 2018 11:56pm Nov 20, 2018 11:56pm
enjoying my favorite kind of music ........
just slow singing voices with guitar only ........ or piano.
Inserted Video
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,686
  • Nov 21, 2018 12:09am Nov 21, 2018 12:09am
in my opinion, the best kind of entries for myself (not bullet proof) for more accuracy:
- requires at least 3 confluence of trade signals.
for example: pin bar at support resistance and trend line.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,687
  • Nov 21, 2018 1:22am Nov 21, 2018 1:22am
Quoting Inthebox
{quote} status update. {image}
bad entries but recovering. price staying above day open so far.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,688
  • Nov 21, 2018 2:05am Nov 21, 2018 2:05am
I have the impression that today is gonna be the day wich Eu falls and gu goes UP.
Expecting eur to make a push up also till levels 1.141xx more or less and then we will see how it reacts but the idea is falling down again.I belive yesterdays high was high of the week... Let see
  • #7,689
  • Nov 21, 2018 2:58am Nov 21, 2018 2:58am
Quoting witowito
I have the impression that today is gonna be the day wich Eu falls and gu goes UP. Expecting eur to make a push up also till levels 1.141xx more or less and then we will see how it reacts but the idea is falling down again.I belive yesterdays high was high of the week... Let see
eu gu are now inside bars in d1.
not sure on this ..... may go up around 40 pips before coming down.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,690
  • Nov 21, 2018 4:06am Nov 21, 2018 4:06am
it's a joke. but i caught it
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,691
  • Nov 21, 2018 4:37am Nov 21, 2018 4:37am
Quoting Inthebox
it's a joke. but i caught it
What do u mean? Which joke?
  • #7,692
  • Nov 21, 2018 5:08am Nov 21, 2018 5:08am
Quoting witowito
{quote} What do u mean? Which joke?
look at the eu gu m1. shot up 20 pips and the next moment down fast.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,693
  • Nov 21, 2018 5:37am Nov 21, 2018 5:37am
Quoting jmtini
{quote} 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!! {image}
I understand .. and yes often there is.. but the pullback on pairs like this are decent.. so one must time their entry properly .. so when you tell other's there is more availble .. its best they dont just jump on the move but time their entries.. just my thoughts


and good shouts
It's in fear when people show what they truly value.
  • #7,694
  • Nov 21, 2018 5:40am Nov 21, 2018 5:40am
Quoting cdb07d
{quote} 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 {image}
You are right and often there is something related to volume.. ..lets hear more when possible
It's in fear when people show what they truly value.
  • #7,695
  • Nov 21, 2018 6:17am Nov 21, 2018 6:17am
Quoting Inthebox
{quote} my explanation above. different perspectives of drawing trend lines. 1. on the apex (yellow) 2. on the close (blue) {image}

Oh right - very good

Well I've joined you! Forget about indi's etc - just naked chart and we'll give it a go!

EURJPY hit resistance at 129.00 and bounced - perhaps back down to 128.50?
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  • #7,696
  • Nov 21, 2018 6:22am Nov 21, 2018 6:22am
Quoting ensale
{quote} You are right and often there is something related to volume.. ..lets hear more when possible

Recipe for disaster IMHO - I've looked at using volume but doesn't always mean after a high volume bar that price is going to jump back in the other direction. Often signals a continuation
  • #7,697
  • Nov 21, 2018 7:00am Nov 21, 2018 7:00am
Quoting jmtini
{quote} Oh right - very good Well I've joined you! Forget about indi's etc - just naked chart and we'll give it a go! EURJPY hit resistance at 129.00 and bounced - perhaps back down to 128.50? {image}
be conservative. ascending traingle and resistance tested more than 4 times.
you are right going small to get familiarize.
will feel safer when price below m15 trend line.
focus on 3 confluence set ups: support resistance, trend line and pin bar/engulfing.
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Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,698
  • Edited 7:51am Nov 21, 2018 7:35am | Edited 7:51am
Sold time has begun now after this show, if is not doing it soon... I believe that bears are not in control yet of eu....
  • #7,699
  • Nov 21, 2018 8:00am Nov 21, 2018 8:00am
Quoting Inthebox
{quote} be conservative. ascending traingle and resistance tested more than 4 times. you are right going small to get familiarize. will feel safer when price below m15 trend line. focus on 3 confluence set ups: support resistance, trend line and pin bar/engulfing. {image} {image}
Yes of course - I'm still hanging in there - I suppose that the next hour or so will be the acid test!!
Attached Image (click to enlarge)
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  • #7,700
  • Nov 21, 2018 8:01am Nov 21, 2018 8:01am
Quoting jmtini
{quote} Yes of course - I'm still hanging in there - I suppose that the next hour or so will be the acid test!!
US session coming hungry and angry? lol
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