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THE only Pattern

  • #7,741
  • Nov 22, 2018 8:58am Nov 22, 2018 8:58am
Quoting ensale
{quote} Daily is pretty interesting.. just think if markets continue weakness. .. this s/r could deliver 500 pips in a month.
Yes Daily is too. I wonder though if we are going back down to 128.00

Guys I was looking at this trendline on EURUSD - waiting to be broken - I think the downtrend trend started yesterday morning 114.50 - this recovery looks very shaky! Once broken could drop sharply?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 50 KB
  • #7,742
  • Nov 22, 2018 9:44am Nov 22, 2018 9:44am
Quoting jmtini
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}
you see me very up. lol.
i did not do anything today. just put through 2 trades. usdcad buy. gbpaud sell.
Attached Images
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,743
  • Nov 22, 2018 9:56am Nov 22, 2018 9:56am
Quoting Inthebox
{quote} you see me very up. lol. i did not do anything today. just put through 2 trades. usdcad buy. gbpaud sell. {image} {image}
Looking nice
I have been looking for hiding the lines of the open positions how can I do it?
I saw u did it at usdcad. Thnks
  • #7,744
  • Nov 22, 2018 10:22am Nov 22, 2018 10:22am
Quoting witowito
{quote} Looking nice I have been looking for hiding the lines of the open positions how can I do it? I saw u did it at usdcad. Thnks
do you mean the description details of my trades?
you have to use a snag it tool to take the part of the picture you want to show.
i use a free one which is called Jing. only thing is that you cannot draw curve.
https://www.techsmith.com/jing-tool.html
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,745
  • Nov 22, 2018 3:37pm Nov 22, 2018 3:37pm
Quoting Inthebox
{quote} you see me very up. lol. i did not do anything today. just put through 2 trades. usdcad buy. gbpaud sell. {image} {image}
You bought USDCAD? You didn't put faith in those channel lines I drew for you yesterday did you - still, neither did I!

Your GBPAUD trade looks great - should start motoring once Asia opens up
  • #7,746
  • Nov 22, 2018 3:51pm Nov 22, 2018 3:51pm
Just look at EURAUD today!

Guys we're all missing out on a LOT of pips because we're not collectively keeping an eye on our S/R's across the main pairs!

Right! I've got GA,EA,GC,EC,GJ,EJ,EZ,GZ that's eight pairs all open on H4 - sounds a lot but on H4 shouldn't be too difficult to keep a beedy eye open on all of them - I really think that the problem with most of us is that once we go down to the lower time frames one gets transfixed (almost in a trance!) on that particular trading pair. I'm sure on self-examination we can all identify with this common problem.

I will try to find the video that I watched some time ago and it said that the big boys do not even look at any time frame lower then H4. They don't have the time! On the lower ones the guys are just using algorithms - targeting us of course
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 31 KB
  • #7,747
  • Nov 22, 2018 4:45pm Nov 22, 2018 4:45pm
Quoting jmtini
Just look at EURAUD today! Guys we're all missing out on a LOT of pips because we're not collectively keeping an eye on our S/R's across the main pairs! Right! I've got GA,EA,GC,EC,GJ,EJ,EZ,GZ that's eight pairs all open on H4 - sounds a lot but on H4 shouldn't be too difficult to keep a beedy eye open on all of them - I really think that the problem with most of us is that once we go down to the lower time frames one gets transfixed (almost in a trance!) on that particular trading pair. I'm sure on self-examination we can all identify with this...
Yes EURAUD...........
1.5880-90
1.5820-30
1.5760-70
1.5700-10
1.5650-60
1.5580-90
atheer1
  • #7,748
  • Nov 22, 2018 5:03pm Nov 22, 2018 5:03pm
Quoting jmtini
Just look at EURAUD today! Guys we're all missing out on a LOT of pips because we're not collectively keeping an eye on our S/R's across the main pairs! Right! I've got GA,EA,GC,EC,GJ,EJ,EZ,GZ that's eight pairs all open on H4 - sounds a lot but on H4 shouldn't be too difficult to keep a beedy eye open on all of them - I really think that the problem with most of us is that once we go down to the lower time frames one gets transfixed (almost in a trance!) on that particular trading pair. I'm sure on self-examination we can all identify with this...
I definitely have to agree with u in that.
Once price get in to a level I dive in it and forget about others and as us said I could be wasting many opportunities.
Of course I belive that each one have to find his edge and try to master it. There hundreds of way of trading, I know some trader who make a lot of money trading just one pair, or other trading most of them... I belive it depends on each one.
Anyway thanks for the words cause that made me think.
  • #7,749
  • Nov 22, 2018 6:35pm Nov 22, 2018 6:35pm
Quoting jmtini
Just look at EURAUD today! Guys we're all missing out on a LOT of pips because we're not collectively keeping an eye on our S/R's across the main pairs! Right! I've got GA,EA,GC,EC,GJ,EJ,EZ,GZ that's eight pairs all open on H4 - sounds a lot but on H4 shouldn't be too difficult to keep a beedy eye open on all of them - I really think that the problem with most of us is that once we go down to the lower time frames one gets transfixed (almost in a trance!) on that particular trading pair. I'm sure on self-examination we can all identify with this...
Hi Jmtini,

Is there any particular pairs which you focus on? I am trying to focus on E/U and U/J for now, avoiding GBP for now.
  • #7,750
  • Nov 22, 2018 11:26pm Nov 22, 2018 11:26pm
Quoting jmtini
{quote} You bought USDCAD? You didn't put faith in those channel lines I drew for you yesterday did you - still, neither did I! Your GBPAUD trade looks great - should start motoring once Asia opens up
i was out the whole day. yes i bot and thought that it was too late to sell. prefer to follow the trend and accumulate. normally when i rush to put in entries, they are not so good due to fear of missing out, that's why i have to average them out
they say that gj is the beast. i would add that gz and ga are the father and mother of all beasts.
it's as if the rangings are for the pmi news.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,751
  • Nov 22, 2018 11:39pm Nov 22, 2018 11:39pm
Quoting jmtini
I will try to find the video that I watched some time ago and it said that the big boys do not even look at any time frame lower then H4. They don't have the time! On the lower ones the guys are just using algorithms - targeting us of course {image}
actually i have an idea for scalpers to have the op lines drawn on d1 and monitors the pairs that they are interested in on h4. then you look for opportunities when the op lines in h4 matches somewhat around the ops lines in d1.
although viewing in h4, i think there is no lack in entries of more quality trades if one is monitoring 6 pairs.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,752
  • Nov 23, 2018 12:03am Nov 23, 2018 12:03am
Quoting Inthebox
{quote} actually i have an idea for scalpers to have the op lines drawn on d1 and monitors the pairs that they are interested in on h4. then you look for opportunities when the op lines in h4 matches somewhat around the ops lines in d1. although viewing in h4, i think there is no lack in entries of more quality trades if one is monitoring 6 pairs.
Doing OP lines for USD/JPY - Daily and H4.

Did I do it correctly?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 47 KB
Click to Enlarge Name: USDJPYH4.png Size: 47 KB
  • #7,753
  • Nov 23, 2018 1:23am Nov 23, 2018 1:23am
Quoting kellycml
{quote} Doing OP lines for USD/JPY - Daily and H4. Did I do it correctly? {image} {image}
i have done the op lines for the range of this week high and low for your reference.
it's a challenge trading this pair.
1. price broke last week's low.
2. the retrace broke the downward sloping trend line and was stopped by the d1 op lines.
3. presently price is at h4 op lines.
4. if price is to bounce up, above are the d1 op resistance, upward and downward trend lines.
5. if price is to cut through the h4 op lines, below are the d1 op support and upward sloping lines
6. circled areas are the best places to trade, where you have the sr and trend lines close to each other.
7. direction will be clearer if price is above the top d1 resistance or below the d1 support.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 40 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,754
  • Nov 23, 2018 1:51am Nov 23, 2018 1:51am
Quoting kellycml
{quote} Doing OP lines for USD/JPY - Daily and H4. Did I do it correctly? {image} {image}
when you start to draw the d1 op lines, start from the present price as reference point.
look up and down for the nearest d1 apex points, try to draw horizontal lines touching at least another d1 apex. then slowly branch out.
likewise for h4, using another color.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,755
  • Nov 23, 2018 2:01am Nov 23, 2018 2:01am
Quoting Inthebox
{quote} when you start to draw the d1 op lines, start from the present price as reference point. look up and down for the nearest d1 apex points, try to draw horizontal lines touching at least another d1 apex. then slowly branch out. likewise for h4, using another color.
Thanks.

Do you mind sharing the weekly high/low indicator, if you have?
  • #7,756
  • Edited 2:31am Nov 23, 2018 2:16am | Edited 2:31am
Morning all

JPY strong and GBP weak - make hay while the sun shines on GJ guys
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 45 KB
  • #7,757
  • Nov 23, 2018 2:16am Nov 23, 2018 2:16am
Quoting kellycml
{quote} Thanks. Do you mind sharing the weekly high/low indicator, if you have?
here it is.
Attached File(s)
File Type: mq4 MTF_HI_LOW_v1.1.mq4   21 KB | 359 downloads
File Type: ex4 MTF_HI_LOW_v1.1.ex4   46 KB | 280 downloads
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,758
  • Nov 23, 2018 2:37am Nov 23, 2018 2:37am
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}
it's already 60 pips in profit if you are still holding this.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,759
  • Nov 23, 2018 2:52am Nov 23, 2018 2:52am
Quoting kellycml
{quote} Hi Jmtini, Is there any particular pairs which you focus on? I am trying to focus on E/U and U/J for now, avoiding GBP for now.
Well I look at all those pairs I mentioned, but when I see currency strength weak/strong rather zone in on those particular pairs affected
  • #7,760
  • Nov 23, 2018 2:52am Nov 23, 2018 2:52am
french german mfg pmi red most likely means europe mfg pmi also red.
ITB - Seeing Orderliness amongst 'Randomness'
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