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THE only Pattern

  • #8,041
  • Dec 11, 2018 12:51pm Dec 11, 2018 12:51pm
I don't mean to pollute the thread, but this a G/U chart from 2~ hours ago. Would this be a possible setup of the pattern?
(Note: I'm not so focused on the strength of the levels for now, just trying to get a grasp on the way the pattern looks)

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  • #8,042
  • Dec 11, 2018 12:52pm Dec 11, 2018 12:52pm
Quoting Rfs199
Hey, newcomer here . So I've read the .PDFs and many, many pages. This might sound silly, but I'm having trouble understanding the entries and identifying the pattern in some of the charts. So, I'll try to recap what I think I've understood. Defining S/R levels: - When wicks "touch" a line within the grid, that means price is being rejected from that level (by buyers overcoming sellers or the other way around). - The more "touches" it gets, the stronger the level. Setup: Long: - 1st candle goes through a S level. - 2nd candle closes above...
Real level is 1.259 and there u have 2 entries(arrows) at that line(purple)price try to break thru,fail and next candle engulf the candle wich test the level...
Later on i have my own way of looking at the markets for re-entries so i look for the pivot zone(green line) and follow the same criteria... try to break,fail, and get engulfed... again and again and again thats it.
Levels are made of 10pip zone and try to look them at daily h4 and h1... as u said i have to be significant point where price make swim lows/highs...
Dont over complicate it, try to make it as easier as u can, thats all
  • #8,043
  • Dec 11, 2018 12:59pm Dec 11, 2018 12:59pm
Quoting Rfs199
I don't mean to pollute the thread, but this a G/U chart from 2~ hours ago. Would this be a possible setup of the pattern? (Note: I'm not so focused on the strength of the levels for now, just trying to get a grasp on the way the pattern looks) {image}
look for levels in h4 and h1 at least...
then observe levels in that time frames, m1 m5 m15... is for triggering and i believe when u get a experienced eye with the method...(my opinion)
  • #8,044
  • Dec 11, 2018 1:10pm Dec 11, 2018 1:10pm
Quoting Rfs199
I don't mean to pollute the thread, but this a G/U chart from 2~ hours ago. Would this be a possible setup of the pattern? (Note: I'm not so focused on the strength of the levels for now, just trying to get a grasp on the way the pattern looks) {image}
Hello,
If you mean just the pattern..........your understanding is right
atheer1
  • #8,045
  • Dec 11, 2018 5:54pm Dec 11, 2018 5:54pm
Short...........UJ..........from 113.4xx..........risky trade.........but I am taking it for long term target.......
atheer1
  • #8,046
  • Dec 11, 2018 9:44pm Dec 11, 2018 9:44pm
Quoting atheer1
Short...........UJ..........from 113.4xx..........risky trade.........but I am taking it for long term target.......
Hey atheer, is this the level you picked? I tried looking from H1 to D1 but I'm not sure I'm able to identify why would that be a strong level. Would you mind giving some insight on why you picked it?

(Sorry if I'm asking too many questions)
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  • #8,047
  • Dec 12, 2018 1:24am Dec 12, 2018 1:24am
same modus operandi from gbp? pullback for liquidity in a kind of flag and later on dropping like there is no tomorrow?
  • #8,048
  • Dec 12, 2018 1:36am Dec 12, 2018 1:36am
Quoting witowito
same modus operandi from gbp? pullback for liquidity in a kind of flag and later on dropping like there is no tomorrow?
well... and there u are
Said and done...
Fast move
  • #8,049
  • Dec 12, 2018 1:41am Dec 12, 2018 1:41am
Quoting witowito
{quote} well... and there u are Said and done... Fast move
Pay ur self and leave a bit for trying to catch the home run... but first pay ur self(my opinion of course)

ADDING:
Price could not even close below last swim low in m5 (gu nd ga)... gj is the only one so i dont feel confortable at all with this move, watch out cause they could be catching liquidity today in the other direction...

I attached some pics... patience cause if it wants to drop there is a lot of opportunity to jump in... just let the price confirm it
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  • #8,050
  • Dec 12, 2018 2:25am Dec 12, 2018 2:25am
well... and there u are again...
Boom

Some live fast trading switching ideas cause price is screaming u whats next...
  • #8,051
  • Dec 12, 2018 2:52am Dec 12, 2018 2:52am
getting ready.
Looks like liquidity its already in... wait for confirmation(on ur on system i mean lol)
also let see how the hourly candle close...
  • #8,052
  • Edited 3:20am Dec 12, 2018 3:04am | Edited 3:20am
ok and for me the drop is gonna be hilarious. its going to sink to hell...
They gonna hold it as yesterday did but at one point....bang... please the last one shut off the light cause its going to get dark.
lol...
be carefull cause spikes up are allow in all this show looking for liquidity and killing early adopters... with high leverage
  • #8,053
  • Dec 12, 2018 5:58am Dec 12, 2018 5:58am
is someone on the other side?? reading... too quiet for me.. i would like to read someone lol...

I know very choppy slow boring market... but thats the calm before th storm...
  • #8,054
  • Dec 12, 2018 6:14am Dec 12, 2018 6:14am
Quoting witowito
is someone on the other side?? reading... too quiet for me.. i would like to read someone lol... I know very choppy slow boring market... but thats the calm before th storm...
actually if i make a comment.. i think gbp will be more resilient today .. not as weak like before.. with a final flush down move.. it will hold these up moves better inmho
It's in fear when people show what they truly value.
  • #8,055
  • Dec 12, 2018 6:17am Dec 12, 2018 6:17am
Quoting ensale
{quote} actually if i make a comment.. i think gbp will be more resilient today .. not as weak like before.. with a final flush down move.. it will hold these up moves better inmho
I have to agree with u in that... is moving strongly up breaking all the levels...

In the time i was writting this... gbp exploid up...
Lucky me that im not shorting it yet, but as yesterday...lossing the up momentum aswell
  • #8,056
  • Dec 12, 2018 6:18am Dec 12, 2018 6:18am
pound is listening to me.. really nice further pushes up now.
It's in fear when people show what they truly value.
  • #8,057
  • Dec 12, 2018 6:22am Dec 12, 2018 6:22am
Quoting ensale
pound is listening to me.. really nice further pushes up now.
yep... i hope u catched it... it make that patter that the guy trade...
But not is in a reversal area
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  • #8,058
  • Dec 12, 2018 6:24am Dec 12, 2018 6:24am
Quoting witowito
{quote} yep... i hope u catched it... it make that patter that the guy trade... But not is in a reversal area {image}
of course its a bit dangerous to short it blind with this momentum so let see
  • #8,059
  • Dec 12, 2018 6:26am Dec 12, 2018 6:26am
Quoting witowito
{quote} of course its a bit dangerous to short it blind with this momentum so let see
to short the best time is after a pop when buyers tking profit... op or whatever gets you in..

you talking about quasi?
It's in fear when people show what they truly value.
  • #8,060
  • Dec 12, 2018 6:28am Dec 12, 2018 6:28am
Quoting ensale
{quote} to short the best time is after a pop when buyers tking profit... op or whatever gets you in.. you talking about quasi?
nope... about that guy wich have the thread and trade the pattern from the pic... he got a bear picture on FF i forgott the name... market bottom or something like that
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