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THE only Pattern

  • #7,721
  • Nov 22, 2018 3:38am Nov 22, 2018 3:38am
Quoting witowito
{quote} I agree with u in that but i belive that 112.7xx area is the zone to reverse in a bigger picture idea
yes good S agree.....but I suspect it not holding on the long run
atheer1
  • #7,722
  • Nov 22, 2018 3:57am Nov 22, 2018 3:57am
Quoting atheer1
{quote} yes good S agree.....but I suspect it not holding on the long run
Look at this curios behavior of price action all the way up in daily chart...
pullback to the daily candle and OP set up, again and again.
Thats why im having this idea.
Could u please if u dont mind explain me why u belive that price is gonna break thru and continue down?
Thnks for it
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  • #7,723
  • Nov 22, 2018 4:29am Nov 22, 2018 4:29am
Quoting witowito
{quote} Look at this curios behavior of price action all the way up in daily chart... pullback to the daily candle and OP set up, again and again. Thats why im having this idea. Could u please if u dont mind explain me why u belive that price is gonna break thru and continue down? Thnks for it {image}
Look at the daily chart of US Indexes
atheer1
  • #7,724
  • Nov 22, 2018 4:41am Nov 22, 2018 4:41am
Quoting atheer1
{quote} Look at the daily chart of US Indexes
I am long on that chart...
At least till 98.3xx levels... HH HL so far
  • #7,725
  • Nov 22, 2018 4:44am Nov 22, 2018 4:44am
Quoting witowito
{quote} I am long on that chart... At least till 98.3xx levels... HH HL so far
No I meant the US stock market indices
atheer1
  • #7,726
  • Nov 22, 2018 4:52am Nov 22, 2018 4:52am
Quoting atheer1
{quote} No I meant the US stock market indices
aaah okey i dont follow indexes.
I will take a look at it.
My broker just allow me to trade full lots on indexes and that doesnt suit my money management at the moment with my account so I prefer to avoid them for not having the tentation...
I will look at then to try to find what u talking about.
Cheers atheer
  • #7,727
  • Nov 22, 2018 4:57am Nov 22, 2018 4:57am
Quoting witowito
{quote} aaah okey i dont follow indexes. I will take a look at it. My broker just allow me to trade full lots on indexes and that doesnt suit my money management at the moment with my account so I prefer to avoid them for not having the tentation... I will look at then to try to find what u talking about. Cheers atheer
S & P down and about to break down more..........correlation
atheer1
  • #7,728
  • Nov 22, 2018 5:06am Nov 22, 2018 5:06am
Quoting ensale
{quote} Price action pal.. i dont look at volume but to clear it up, often there is volume at these turnarround's point's.. with the Price action.. you can tell huge order's are being triggered.. also knowing from experience the repitalian brain gets dumb money involved at certain point's and we can have these tendendies in our brain just the more you experience you gain, the more your logical and trained mind will win.. Hope i make some sense Volume = order's... how Cbd Uses it is up his exp, and how in certain sitiution it help's..
You are on point as usual. And jmtini makes a good point too - it's the reaction to the volume that matters -price action. That's why I wait for the OP as confirmation. because volume is just a measure of interest not direction. There is always buying as the market goes down and there is always selling as market goes up. But whether it's enough buying/selling to change market sentiment enough for entry depends on confirmation. i use volume to screen levels, but the OP entry is always the same
  • #7,729
  • Nov 22, 2018 5:18am Nov 22, 2018 5:18am
Quoting atheer1
{quote} S & P down and about to break down more..........correlation
I just analize a bit the chart((&P), and for me (i dont have that experience that u have, i just try to make it as simple as I can) we are in a clear daily up trend so far, with some big corrections to the main trend line, but so far so good...
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  • #7,730
  • Nov 22, 2018 5:30am Nov 22, 2018 5:30am
GBP...what teh
  • #7,731
  • Nov 22, 2018 5:32am Nov 22, 2018 5:32am
Lovely flash crash looking for liquidity ...
What a show
  • #7,732
  • Nov 22, 2018 5:33am Nov 22, 2018 5:33am
Quoting witowito
{quote} I just analize a bit the chart((&P), and for me (i dont have that experience that u have, i just try to make it as simple as I can) we are in a clear daily up trend so far, with some big corrections to the main trend line, but so far so good... {image}
Always new trends at the beginning looks like a correction........Always I might be wrong
atheer1
  • #7,733
  • Nov 22, 2018 5:35am Nov 22, 2018 5:35am
This is the moment u go to the toilet... aaaand
Come back and see that ur trade wasnt close because of the spreed...
I scalped it looking for some retracement.
Took out most of it at first reaction and leave the rest en break even and at the final TP... Ouuch
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  • #7,734
  • Nov 22, 2018 5:37am Nov 22, 2018 5:37am
Quoting atheer1
{quote} Always new trends at the beginning looks like a correction........Always I might be wrong
Yes of course.
I have to agree with u in that.
100% true.
Let see if this is the time wich price turn around...
  • #7,735
  • Nov 22, 2018 5:59am Nov 22, 2018 5:59am
Quoting witowito
This is the moment u go to the toilet... aaaand Come back and see that ur trade wasnt close because of the spreed... I scalped it looking for some retracement. Took out most of it at first reaction and leave the rest en break even and at the final TP... Ouuch {image}
lol at least you brought it to breakeven. smart play not to give it back... smh 90 pip drop in one minute... all the way back already.

next week's lesson - how to use computer while on the toilet
  • #7,736
  • Nov 22, 2018 6:10am Nov 22, 2018 6:10am
Quoting cdb07d
{quote} lol at least you brought it to breakeven. smart play not to give it back... smh 90 pip drop in one minute... all the way back already. next week's lesson - how to use computer while on the toilet
I believe that the second sell round is coming...
But yet i should had closed it even in the middle of the way when i saw it did not close it automatically ...
  • #7,737
  • Nov 22, 2018 6:24am Nov 22, 2018 6:24am
Time to start looking at a few other pairs that are far less volatile I think!

I posted that chart on USDCAD showing the channel and forgot to see if it held and of course it did. These are the kind of pro trades that Inthebox is taking and I'm missing

I'm pretty sure we'll see another 100 pip trade from Inthebox a bit later - going downwards!
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  • #7,738
  • Nov 22, 2018 6:39am Nov 22, 2018 6:39am
Quoting jmtini
Time to start looking at a few other pairs that are far less volatile I think! I posted that chart on USDCAD showing the channel and forgot to see if it held and of course it did. These are the kind of pro trades that Inthebox is taking and I'm missing I'm pretty sure we'll see another 100 pip trade from Inthebox a bit later - going downwards! {image}
No problem at least u see that u are doing it good.
There are opportunities each day so u will catch some other later on or tomorrow or next week.
I had that feeling many times thats why im focusing in less pairs... just few crosses.
So keep going my man.
There is always tomorrow lol
  • #7,739
  • Nov 22, 2018 7:07am Nov 22, 2018 7:07am
EURJPY

Just look how that level held up over the last few days guys. We could have all banged a lot of nice pips if we had traded it together - unity is strength!

Food for thought?
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  • #7,740
  • Nov 22, 2018 7:45am Nov 22, 2018 7:45am
Quoting jmtini
EURJPY Just look how that level held up over the last few days guys. We could have all banged a lot of nice pips if we had traded it together - unity is strength! Food for thought? {image}
Daily is pretty interesting.. just think if markets continue weakness. .. this s/r could deliver 500 pips in a month.
It's in fear when people show what they truly value.
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