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THE only Pattern

  • #7,821
  • Nov 28, 2018 12:21pm Nov 28, 2018 12:21pm
Quoting witowito
watching carefully... show could be over
well it looks like must go on... no fighting this momentum is the best choice i guess
  • #7,822
  • Nov 28, 2018 12:36pm Nov 28, 2018 12:36pm
Quoting Inthebox
buy {image}
tp
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,823
  • Nov 28, 2018 4:21pm Nov 28, 2018 4:21pm
Quoting Inthebox
{quote} tp {image}
Really good again although the drawdowns trading H4 are a bit more then I could handle

I was short GA when the news broke and it shot down so caught a few pips - only 35 because my TP was triggered!
  • #7,824
  • Nov 28, 2018 6:30pm Nov 28, 2018 6:30pm
NU Long from 6840-50
atheer1
  • #7,825
  • Nov 28, 2018 8:53pm Nov 28, 2018 8:53pm
Quoting jmtini
{quote} Really good again although the drawdowns trading H4 are a bit more then I could handle I was short GA when the news broke and it shot down so caught a few pips - only 35 because my TP was triggered!
yes when trading h4, got to accept the relative exit points.
frequently like in this case if there were 2 support levels near to each other, price tends to be attracted to the lower one.
the first level was executed due to fear of losing out. lol ......
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,826
  • Nov 28, 2018 9:38pm Nov 28, 2018 9:38pm
example of lousy trades but managed to get out of the hole.
i realized later was due to entries on the 6th wave on d1 and 8th wave on h4, where trend tends to lose momentum going for the last push if there is one.
downward movement limited again by 2nd level of h4 support (although a distance apart) and 2nd level of trend line support.
i have to qualify here that at times i held on to losing trades because of above reasons and my weekly profit is enough to cover the lost.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,827
  • Edited 10:55pm Nov 28, 2018 10:16pm | Edited 10:55pm
on usdjpy
https://www.bloombergquint.com/marke...ead#gs.NLAuyrk
https://www.reuters.com/article/us-j...-idUSKCN1NY01C

losing momentum of 7th wave of w1. amplitude becomes smaller.
d1 doji previous day. kind of evening star without the gaps forming?
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Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,828
  • Nov 29, 2018 7:33am Nov 29, 2018 7:33am
Yep - after the early morning excitement it's turned messy

EURJPY at resistance level - will it hold?
  • #7,829
  • Nov 29, 2018 7:39am Nov 29, 2018 7:39am
sell
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,830
  • Nov 29, 2018 7:53am Nov 29, 2018 7:53am
Quoting jmtini
Yep - after the early morning excitement it's turned messy EURJPY at resistance level - will it hold?

Perhaps! Nice pin bar there - but will wait for the cross and retest of course
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  • #7,831
  • Nov 29, 2018 8:26am Nov 29, 2018 8:26am
Quoting jmtini
{quote} Perhaps! Nice pin bar there - but will wait for the cross and retest of course {image}
check your pm, got something for you shortly
It's in fear when people show what they truly value.
  • #7,832
  • Nov 29, 2018 9:09am Nov 29, 2018 9:09am
Quoting ensale
{quote} Dumb money Lose 50 pips- Sell limit trader's, get the best part of a 100 pip move.. telling you there is 70 % dumb money paying for the 30 percent that are trading this move profitably. {image}
Now I find time, in relation to this quoted hindsight post
Inserted Video
here is the sfp video.. that I have shared in this thread several times.. works really well with OP setup...

The setup looks the same in hindsight and on the right hard edge!
It's in fear when people show what they truly value.
  • #7,833
  • Nov 29, 2018 9:55am Nov 29, 2018 9:55am
Quoting ensale
{quote} Now I find time, in relation to this quoted hindsight post https://www.youtube.com/watch?v=NrIXfv94Jgs here is the sfp video.. that I have shared in this thread several times.. works really well with OP setup... The setup looks the same in hindsight and on the right hard edge!
ensale, we take you point friend! Let's just let this thing rest now

Have replied to your PM

regards
JM
  • #7,834
  • Nov 29, 2018 10:13am Nov 29, 2018 10:13am
Quoting jmtini
{quote} ensale, we take you point friend! Let's just let this thing rest now Have replied to your PM regards JM
Ok laying it to rest.. better to clarify everything to move on.. don't want to be misunderstood.
It's in fear when people show what they truly value.
  • #7,835
  • Nov 29, 2018 10:19am Nov 29, 2018 10:19am
Peace ...buddys...peace...
we are few writting here on a daily basis so we better do it in a peacefull enviroment.
Lets make some pips...
Eu going looking for 1.141/2 level ... let see if it reverse from there, I dont really belive that this up move is the beggining of a new trend, but as atheer told me... A new trend always look as a pullback at beggining...
  • #7,836
  • Nov 29, 2018 1:16pm Nov 29, 2018 1:16pm
Quoting witowito
Peace ...buddys...peace... we are few writting here on a daily basis so we better do it in a peacefull enviroment. Lets make some pips... Eu going looking for 1.141/2 level ... let see if it reverse from there, I dont really belive that this up move is the beggining of a new trend, but as atheer told me... A new trend always look as a pullback at beggining...
I second that ! A peaceful environment would be nice and we have a great thread.

I really enjoy swopping S/R levels with all the guys on this thread and I have learned a lot - never really looked at S/R levels before this thread

Looking at EU do you agree on 1.1400 BRN as a good resistance level? See how price was rejected strongly and since then the action has all been below.
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  • #7,837
  • Nov 29, 2018 6:56pm Nov 29, 2018 6:56pm
Short GJ from 145
atheer1
  • #7,838
  • Nov 29, 2018 7:29pm Nov 29, 2018 7:29pm
Quoting jmtini
{quote} I second that ! A peaceful environment would be nice and we have a great thread. I really enjoy swopping S/R levels with all the guys on this thread and I have learned a lot - never really looked at S/R levels before this thread Looking at EU do you agree on 1.1400 BRN as a good resistance level? See how price was rejected strongly and since then the action has all been below. {image}
I think EU more to the up side as buyers intention was tested at 1.1350-60 yesterday......I think GU is weaker in contrast to EU
atheer1
  • #7,839
  • Nov 30, 2018 2:33am Nov 30, 2018 2:33am
Quoting atheer1
{quote} I think EU more to the up side as buyers intention was tested at 1.1350-60 yesterday......I think GU is weaker in contrast to EU

Well I think I was right (occasionally!) - tested 1.1400 again and broke down beautifully. EUR fairly weak today . Only 2.7
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  • #7,840
  • Nov 30, 2018 2:49am Nov 30, 2018 2:49am
My point os view is a last rally on eu to 1.141-1.142 at least and then later on we have to observe the price what will tell us.
That round number as u said is holding the price but i dont really bealieve that they would make it that easy if price want to drop ...(IMO)
About GBP I also see further drops, much furthers but at the moment its holding at a point where eu could turn weaker than gbp(eurgbp based)
DXY is suggesting another leg down wich could confirm my theory, anyway I must be flexible at this point cause anything could happen and a switch of trends could be on so i need to be ready for that and dont sell all the way up.
all this opinion is based in the actual price action and in a personal impression ofwhat happened last days with trump and FED... but for the other side trump said cheaper oil... ann take a look at chart... they even kill someone on turkey to make saudi arabia drop the oil price or get sanctioned ... BIG SHOWS MADE BY BIG PEOPLE(MY OWN OPINION)
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