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THE only Pattern

  • #8,461
  • Jan 15, 2019 8:32am Jan 15, 2019 8:32am
Quoting jmtini
{quote} Yes the problem with most EA's is that they only work in a trending market and also if there is too much volatility (spikes) one loses big time! However the nice thing about automated trading is that it does force one to be more disciplined as the EA's normally set a defiinite SL and TP and also one can set a trailing stop to lock in some profit
i don't use one. never use it as turn on and forget. could use it as semi auto. when see set up or snr turn it on. turn off when job is done.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,462
  • Jan 15, 2019 8:49am Jan 15, 2019 8:49am
eu at shorting levels but draghi speaking in 10min... :S
  • #8,463
  • Jan 15, 2019 8:59am Jan 15, 2019 8:59am
do not want to mess with draghi.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,464
  • Jan 15, 2019 9:11am Jan 15, 2019 9:11am
tp usdcad sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,465
  • Jan 15, 2019 9:29am Jan 15, 2019 9:29am
Quoting jmtini
{quote} Totally agree. Well the morning session was very nice actually. I think we all made a few pips on our live accounts? So better to watch some TV or play video games like Inthebox for the rest of the day IMHO!
we could have had it all ......
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,466
  • Jan 15, 2019 11:46pm Jan 15, 2019 11:46pm
no setup yet.
this one is a tricky one. what do you think?
got to have patience to let it play out.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,467
  • Jan 15, 2019 11:53pm Jan 15, 2019 11:53pm
this one though looks good, but there is the danger of the 3rd bounce.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,468
  • Edited 2:20am Jan 16, 2019 1:37am | Edited 2:20am
Quoting Inthebox
no setup yet. this one is a tricky one. what do you think? got to have patience to let it play out. {image}
for me those are the pivot points that are on playing right now...
I see further drop.

((I have deleted some post cause i dont want to overcharge the thread with scalpin explanations...)
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  • #8,469
  • Jan 16, 2019 2:38am Jan 16, 2019 2:38am
Hi guys

Looking mainly at EJ, EZ and EC - all look very bearish and further falls likely
  • #8,470
  • Jan 16, 2019 2:46am Jan 16, 2019 2:46am
short term gbp is weaker than eur at the moment.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,471
  • Jan 16, 2019 2:48am Jan 16, 2019 2:48am
Quoting jmtini
Hi guys Looking mainly at EJ, EZ and EC - all look very bearish and further falls likely
Waiting for GJ to break lnd opening(clearly) and i will look for a setup for selling it
  • #8,472
  • Jan 16, 2019 3:00am Jan 16, 2019 3:00am
sell gj
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,473
  • Jan 16, 2019 3:10am Jan 16, 2019 3:10am
mark carney speaking soon... same shit as yesterday with euro
  • #8,474
  • Jan 16, 2019 5:30am Jan 16, 2019 5:30am
tight range so far for gu and gj... Aud weak as f*ck ... now im pullback mode so maybe is a good choice for shorting it...
inthebox where do u normally look at power/weakness of currencies?? cheers
  • #8,475
  • Jan 16, 2019 6:19am Jan 16, 2019 6:19am
Quoting witowito
tight range so far for gu and gj... Aud weak as f*ck ... now im pullback mode so maybe is a good choice for shorting it... inthebox where do u normally look at power/weakness of currencies?? cheers
the choice of d1/h4 snr we made is important. when come to that:
1. observe one of the currency strength indicator available in ff, preferably the one with options on lower time frame.
something like the htf showing red, the ltf green, when near snr see whether the m1/m5 turn red.
or
2. fractals. preferably price breaks the m1 fractal in your direction. then see whether you like the look of m5, m15 or even m30.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,476
  • Jan 16, 2019 6:33am Jan 16, 2019 6:33am
witowito,
later i search ff to show you an example of how to use currency strength.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,477
  • Jan 16, 2019 6:40am Jan 16, 2019 6:40am
Quoting Inthebox
{quote} the choice of d1/h4 snr we made is important. when come to that: 1. observe one of the currency strength indicator available in ff, preferably the one with options on lower time frame. something like the htf showing red, the ltf green, when near snr see whether the m1/m5 turn red. or 2. fractals. preferably price breaks the m1 fractal in your direction. then see whether you like the look of m5, m15 or even m30.
Yes currency strength meter is vital I think. That's why I have one on my main chart all the time. One can also download an smartphone app so that one can keep a constant beady eye on what's strong and what's weak as the position often changes at the blink of an eye as we all know - oh boy! I use one called "FX bar"- it's free
  • #8,478
  • Jan 16, 2019 6:43am Jan 16, 2019 6:43am
mr gbp has gone crazy again.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,479
  • Jan 16, 2019 8:37am Jan 16, 2019 8:37am
Well they shot this one up 150 pips this morning and I'm quite sure it was to give some bank or institution a nice entry price!

It's quite difficult to accept sometimes a sharp change of direction - if one has a good technical chart and one obeys it religiously, one can survive. The old story I suppose - trade what you see, not what you think!
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  • #8,480
  • Jan 16, 2019 8:39am Jan 16, 2019 8:39am
yep hard day so far for me... i catch some good trades early morning but now i took few losses...
Lets see how US session unfolds
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