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THE only Pattern

  • #7,981
  • Dec 7, 2018 4:43am Dec 7, 2018 4:43am
GU keeps coming back and testing that open .. now looks a new low will be made like the above gent's have mentioned.
It's in fear when people show what they truly value.
  • #7,982
  • Dec 7, 2018 7:20am Dec 7, 2018 7:20am
Quoting ensale
GU keeps coming back and testing that open .. now looks a new low will be made like the above gent's have mentioned.

https://dailypriceaction.com/daily-s...181c70ef5e674a

That's a factor to consider
  • #7,983
  • Dec 7, 2018 7:22am Dec 7, 2018 7:22am
Quoting jmtini
{quote} https://dailypriceaction.com/daily-s...181c70ef5e674a That's a factor to consider
quite right.. rightly pointed out..

edit: still reading the post.
It's in fear when people show what they truly value.
  • #7,984
  • Dec 7, 2018 7:23am Dec 7, 2018 7:23am
Have a feeling it's going down but NFP in a few minutes!

P.S.: I am not a pattern trader but trendline break is a good signal
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  • #7,985
  • Dec 7, 2018 7:53am Dec 7, 2018 7:53am
only a couple of weeks away from christmas/new year. going to have liquidity issue when those guys go on leave.
trade safe and trade as small a lot as possible to quench itchy fingers.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,986
  • Dec 7, 2018 8:29am Dec 7, 2018 8:29am
Quoting jmtini
Have a feeling it's going down but NFP in a few minutes! P.S.: I am not a pattern trader but trendline break is a good signal {image}

Well, it didn't break that trendline that's for sure.


My goodness those who were trading the UC channel short were richly rewarded - let's see your trade Inthebox - don't keep us in suspense !


Like the look of GBP pairs , GBP is red on the currency meter
  • #7,987
  • Dec 7, 2018 8:34am Dec 7, 2018 8:34am
Quoting jmtini
{quote} Well, it didn't break that trendline that's for sure. My goodness those who were trading the UC channel short were richly rewarded - let's see your trade Inthebox - don't keep us in suspense ! Like the look of GBP pairs , GBP is red on the currency meter
lol. later when i tp. just before that i had a hugh loss as it went north.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,988
  • Dec 7, 2018 8:48am Dec 7, 2018 8:48am
Quoting Inthebox
{quote} lol. later when i tp. just before that i had a hugh loss as it went north.

Oh sorry. But hopefully you've regained your losses. I'm not trading live until next week. Totally agree on reducing lot size in this "silly season"!

When PA re-entered the channel it was probably going to go up to the trendline - I'm just the same though - one doesn't always think about everything when one enters a trade
  • #7,989
  • Dec 7, 2018 8:49am Dec 7, 2018 8:49am
Quoting Inthebox
{quote} https://www.theglobeandmail.com/busi...ate-hike-path/ accepted the big loss. {image}
paradise lost. paradise regain.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,990
  • Dec 7, 2018 8:51am Dec 7, 2018 8:51am
i dont agree with silly season.
we have a great liquidity so far and i see no reason to reduce my position size.
of course the week before 24.december till first week after new year is a bit funny and less liquid, but not now.

by the way we have tremendous volume in the stock markets because of kind of crash risk and end of year investment fund trading.
trading is like dancing, don't think and just listen to the music!
  • #7,991
  • Dec 7, 2018 9:05am Dec 7, 2018 9:05am
Quoting ensale
{quote} quite right.. rightly pointed out.. edit: still reading the post.
Interesting post. Big buying and selling on both sides of channel but..you have NFP today that came out bad for the dollar - highest volume of the week and what does G/U do? Pops up and stalls then heads lower.

I would have expected it to skyrocket ...

If weakness next week and an OP test of that area I will be shorting the snot out of it got to get the christmas gifts
  • #7,992
  • Dec 7, 2018 2:50pm Dec 7, 2018 2:50pm
Quoting Inthebox
{quote} paradise lost. paradise regain. {image}
Well done - thought you would be short

Just look how that channel is holding firm - quite amazing!
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  • #7,993
  • Dec 7, 2018 2:55pm Dec 7, 2018 2:55pm
Quoting cdb07d
{quote} Interesting post. Big buying and selling on both sides of channel but..you have NFP today that came out bad for the dollar - highest volume of the week and what does G/U do? Pops up and stalls then heads lower. I would have expected it to skyrocket ... If weakness next week and an OP test of that area I will be shorting the snot out of it got to get the christmas gifts

Brexit in a word!

https://www.forexfactory.com/news.php?do=news&id=857086
  • #7,994
  • Dec 9, 2018 8:05pm Dec 9, 2018 8:05pm
Quoting Inthebox
uj tp buy. now sell. {image}
uj tp sell. level to level with confluence of trend line.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,995
  • Dec 9, 2018 8:08pm Dec 9, 2018 8:08pm
i will be going for a 2 week year end vacation soon. meanwhile just scalping.
ITB - Seeing Orderliness amongst 'Randomness'
  • #7,996
  • Dec 9, 2018 10:56pm Dec 9, 2018 10:56pm
scalping of 3 pairs level to level in m5 with usdjpy taking the lead in asian session.
buy uj pin bar around trend line with previous week low below.
decided to hold until next m5 level resistance above when price broke trend line, retraced and broke up minor fractal and continue upward. (brc)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,997
  • Dec 10, 2018 12:13am Dec 10, 2018 12:13am
Quoting Inthebox
i will be going for a 2 week year end vacation soon. meanwhile just scalping.
Enjoy your holiday!

See you around next year.
  • #7,998
  • Dec 10, 2018 1:20am Dec 10, 2018 1:20am
more of the same type of m5 brc sell scalp in pre-frankfurt session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #7,999
  • Dec 10, 2018 6:56am Dec 10, 2018 6:56am
going for a longer haul after the news.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,000
  • Dec 10, 2018 7:09am Dec 10, 2018 7:09am
well i belive after the news from gbp... selling each pullback is the best way of making money today, isnt?
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