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THE only Pattern

  • #7,861
  • Dec 3, 2018 2:38am Dec 3, 2018 2:38am
Quoting jmtini
USDCAD Is the channel at an end? Very possible IMHO If so, this is how I see things panning out next week or two: Probably totally wrong of course! {image}
Morning all

Well I was bang on the money there again wasn't I? I must start trading some of my predictions!
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  • #7,862
  • Dec 3, 2018 2:44am Dec 3, 2018 2:44am
EURUSD

Well it's either topped out at this minor resistance (1.1280) or it will carry on up to 1.1400 again in the channel where the bears can climb in big time
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  • #7,863
  • Dec 3, 2018 3:08am Dec 3, 2018 3:08am
commodity currencies having their day.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,864
  • Dec 3, 2018 3:20am Dec 3, 2018 3:20am
take it with a pinch of salt. brc
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,865
  • Edited 5:24am Dec 3, 2018 4:57am | Edited 5:24am
oooh wow GBP ... lol
Nice
I was expecting a big drop from 1.279-1.28 level but instead it went a bit higher looking for more liquidity, making a clear fakeout and then baaaang kissing the M pattern(nose) and droping straigh away...
Very nice move.
No rush for catching pips we are at monday and begginig of month so there will be plenty of opportunities later on.


Some hindsight trading ... people will say lol
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  • #7,866
  • Dec 3, 2018 5:57am Dec 3, 2018 5:57am
Quoting witowito
oooh wow GBP ... lol Nice I was expecting a big drop from 1.279-1.28 level but instead it went a bit higher looking for more liquidity, making a clear fakeout and then baaaang kissing the M pattern(nose) and droping straigh away... Very nice move. No rush for catching pips we are at monday and begginig of month so there will be plenty of opportunities later on. Some hindsight trading ... people will say lol {image}
Yep

But it was predictable - that is the important difference! After the liquidity hunt pre-London open - as we know, the banks often use preceding session to hunt for liquidity before a big move up or down.

But what sealed it was PA coming back below key resistance at 1.2800 (after a falsey - don't you just love them!). Reinstated that level.

Very interesting - notice the time that things got really moving - 9.00am UK time - exactly the same time as last Friday. BB's get down to their desks at 9.00am and start pressing their sell buttons - we have to think like they do guys - only way to win!!
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  • #7,867
  • Dec 3, 2018 6:04am Dec 3, 2018 6:04am
Quoting Inthebox
take it with a pinch of salt. brc {image}
.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,868
  • Dec 3, 2018 6:09am Dec 3, 2018 6:09am
Quoting jmtini
EURUSD Well it's either topped out at this minor resistance (1.1280) or it will carry on up to 1.1400 again in the channel where the bears can climb in big time {image}
Well it was the former!

We didn't know though did we? Whether it would keep going up and stay in the channel or break out. And it stayed in for another hour before the clean breakout.

No hindsight needed here - just a decent chart with a couple of key lines. No need to get complicated and thanks to the people on this thread for leading me away from complicated charts!
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  • #7,869
  • Dec 3, 2018 6:11am Dec 3, 2018 6:11am
tp buy. now sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,870
  • Dec 3, 2018 6:24am Dec 3, 2018 6:24am
GBPNZD

This show's the value of getting up early if you're UK time.

That retest was just after 7.00am

See how the chart shows when PA came back below the resistance level 1.8500 (nice and easy BRN level for them!) how that resistance level is reinstated
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  • #7,871
  • Dec 3, 2018 6:36am Dec 3, 2018 6:36am
Quoting jmtini
GBPNZD This show's the value of getting up early if you're UK time. That retest was just after 7.00am See how the chart shows when PA came back below the resistance level 1.8500 (nice and easy BRN level for them!) how that resistance level is reinstated {image}
thats a nice sell.. selling pullback's and sniper entry
It's in fear when people show what they truly value.
  • #7,872
  • Dec 3, 2018 6:45am Dec 3, 2018 6:45am
Quoting jmtini
GBPNZD This show's the value of getting up early if you're UK time. That retest was just after 7.00am See how the chart shows when PA came back below the resistance level 1.8500 (nice and easy BRN level for them!) how that resistance level is reinstated {image}
probably one hour before frankfurt is middle east.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,873
  • Dec 3, 2018 7:46am Dec 3, 2018 7:46am
Quoting Inthebox
{quote} probably one hour before frankfurt is middle east.
I'm really not sure

But USDCAD was really good during the Asian session. Big gap! Nice for you

Did you see the gap on GA? Huge!
  • #7,874
  • Dec 3, 2018 8:03am Dec 3, 2018 8:03am
Quoting jmtini
{quote} I'm really not sure But USDCAD was really good during the Asian session. Big gap! Nice for you Did you see the gap on GA? Huge!
ucad ea and ga probably won't close gap this week due to strong commodity currencies.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,875
  • Dec 3, 2018 8:11am Dec 3, 2018 8:11am
Quoting witowito
{quote} Here u have the bigger picture of this post from 07-November... {image}
For those who call me just scalper...
there she is, nice and beauty
...
Same sh*t different time frame, thats all... but for me it is all about ratios... i dont care about pips
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  • #7,876
  • Dec 3, 2018 8:17am Dec 3, 2018 8:17am
Quoting witowito
{quote} For those who call me just scalper... there she is, nice and beauty ... Same sh*t different time frame, thats all... but for me it is all about ratios... i dont care about pips {image}
it's where sr tl and brn 1.3150 met.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,877
  • Dec 3, 2018 8:35am Dec 3, 2018 8:35am
Quoting jmtini
{quote} No hindsight needed here - just a decent chart with a couple of key lines. No need to get complicated and thanks to the people on this thread for leading me away from complicated charts! {image}
on the subject of switching over to simple chart. probably all of us when first encountered trading were introduced to lots of indicators and oscillators. they were fascinating so we spend years seeking for the "perfect" one or some green/red signals or arrows.
it will take a great force to move that inertia of giving them up. not to say that those using them are no good but for once give them up for a while to try what we have here. but i know this will take months, not to say years to do so.
now i look back to those days and wonder why not trying earlier. one thing that tip the balance is the entries are much earlier.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,878
  • Dec 3, 2018 4:45pm Dec 3, 2018 4:45pm
UJ ranging at the beginning of the week...........113.7xx to 113.3xx..........I am on the sell side unless we break up
atheer1
  • #7,879
  • Dec 3, 2018 9:42pm Dec 3, 2018 9:42pm
Quoting atheer1
UJ ranging at the beginning of the week...........113.7xx to 113.3xx..........I am on the sell side unless we break up
in a triangle. price just broke through trend line and 30nov low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,880
  • Dec 3, 2018 11:00pm Dec 3, 2018 11:00pm
Quoting Inthebox
tp buy. now sell. {image}
tp
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ITB - Seeing Orderliness amongst 'Randomness'
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