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THE only Pattern

  • #8,601
  • Jan 23, 2019 12:43am Jan 23, 2019 12:43am
gj price broke down the h1 red trend line and retraced to test the back of the trend line.
it is also a test of the bearish h1 candle.
first entry at v shaped reversal above yesterday high
second entry after break of minor trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,602
  • Jan 23, 2019 1:04am Jan 23, 2019 1:04am
USDCAD trade looking better, h4 OP at key zone...
As longer as we stay below 1.33675 (closing h4 candle) I think we are heading 1.205 (swim trade ahead) It just broke the first breaking market structure in h1...breaking in h4 will give much more confident to the trade so no rush for this one, just to have it in mind...
Lets see how it unfolds


USDCAD tend to be a nasty b*tch which ranges for days and takes stops out before dropping but when it drops it drops like there is no tomorrow so we have to consider that
  • #8,603
  • Jan 23, 2019 1:15am Jan 23, 2019 1:15am
Quoting witowito
USDCAD trade looking better, h4 OP at key zone... As longer as we stay below 1.33675 (closing h4 candle) I think we are heading 1.205 (swim trade ahead) It just broke the first breaking market structure in h1...breaking in h4 will give much more confident to the trade so no rush for this one, just to have it in mind... Lets see how it unfolds USDCAD tend to be a nasty b*tch which ranges for days and takes stops out before dropping but when it drops it drops like there is no tomorrow so we have to consider that
broke h4 upward sloping trend line.
good for short staying below day open and day pivot.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,604
  • Jan 23, 2019 1:26am Jan 23, 2019 1:26am
anybody looking to sell ej?
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,605
  • Jan 23, 2019 1:31am Jan 23, 2019 1:31am
Quoting Inthebox
anybody looking to sell ej?
I am in but too early, 124.4. Still holding.
  • #8,606
  • Jan 23, 2019 1:54am Jan 23, 2019 1:54am
Im looking to long EU so... not short ej yet
  • #8,607
  • Jan 23, 2019 1:54am Jan 23, 2019 1:54am
Quoting kellycml
{quote} I am in but too early, 124.4. Still holding.
are you entering on m1? i see no setup for other time frames.
use m1 when you have more experience.
this may help you to filter out trades.
when price above day open and day pivot -> buy only until h4 resistance.
in today's case also yesterday high.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,608
  • Jan 23, 2019 2:05am Jan 23, 2019 2:05am
Quoting Inthebox
{quote} are you entering on m1? i see no setup for other time frames. use m1 when you have more experience. this may help you to filter out trades. when price above day open and day pivot -> buy only until h4 resistance. in today's case also yesterday high. {image}
well... that was fast and nice one...
  • #8,609
  • Jan 23, 2019 2:14am Jan 23, 2019 2:14am
Quoting Inthebox
{quote} are you entering on m1? i see no setup for other time frames. use m1 when you have more experience. this may help you to filter out trades. when price above day open and day pivot -> buy only until h4 resistance. in today's case also yesterday high. {image}
I entered based on M15 resistance, saw the red candle on my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15_LI.jpg Size: 1,017 KB
  • #8,610
  • Edited 2:42am Jan 23, 2019 2:24am | Edited 2:42am
Quoting kellycml
{quote} I entered based on M15 resistance, saw the red candle on my chart. {image}
candlestick reading.
the red candle was actually an inside bar smaller than the previous bullish bar, whether by body or high/low.
better set up is red candle close below the low of previous bullish bar.
or at least close below the open of previous bullish bar.

m15 snr used incorrectly.
use d1, h4 snr. maybe h1 snr.
use m15 snr only in the direction of established trend.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,611
  • Jan 23, 2019 3:51am Jan 23, 2019 3:51am
has the gu topped at 1.30(las week high) and want to fall like there is no tomorrow?
  • #8,612
  • Jan 23, 2019 3:58am Jan 23, 2019 3:58am
Quoting witowito
has the gu topped at 1.30 and want to fall like here is no tomorrow?
h1 pin double top?
the show now is en.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,613
  • Jan 23, 2019 4:13am Jan 23, 2019 4:13am
Quoting Inthebox
{quote} h1 pin double top? the show now is en.
Thats how it looks to me also, as sooner as it took the stops from last week high it reverse so lets see... im waiting for that news coming out saying....NO DEAL BREXIT lol and 400pips drop... just kidding.
But it looks interesting, let see how it goes.
Plenty of opportunities to jump in if it realy wants to drop(waiting for at least H1 confirmation ...
  • #8,614
  • Jan 23, 2019 5:25am Jan 23, 2019 5:25am
Quoting witowito
{quote} Thats how it looks to me also, as sooner as it took the stops from last week high it reverse so lets see... im waiting for that news coming out saying....NO DEAL BREXIT lol and 400pips drop... just kidding. But it looks interesting, let see how it goes. Plenty of opportunities to jump in if it realy wants to drop(waiting for at least H1 confirmation ...
NOt a good idea to short that monster right now...
  • #8,615
  • Jan 23, 2019 8:03am Jan 23, 2019 8:03am
Quoting witowito
{quote} NOt a good idea to short that monster right now...
I’m bull on this one and glad bears are moving , we spoke on this wito month and half back , and in that time it had risen , in self assement I am over biased bull and you are over biased bear. Balance
It's in fear when people show what they truly value.
  • #8,616
  • Jan 23, 2019 4:45pm Jan 23, 2019 4:45pm
Well this worked out more or less exactly as planned! Pulled back to around 1.8135 Unfortunately I only traded a small portion of the move
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15.png Size: 44 KB
  • #8,617
  • Jan 23, 2019 5:58pm Jan 23, 2019 5:58pm
Sell UJ from 109.5xx ...........1st target 109.00-109.10
atheer1
  • #8,618
  • Jan 23, 2019 11:37pm Jan 23, 2019 11:37pm
Quoting atheer1
Sell UJ from 109.5xx ...........1st target 109.00-109.10
Do we have any SL level? Thanks
  • #8,619
  • Jan 24, 2019 1:40am Jan 24, 2019 1:40am
eu gu had moved down
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,620
  • Jan 24, 2019 2:11am Jan 24, 2019 2:11am
Quoting Inthebox
eu gu had moved down

Hi yes - looks like a nice move down on GU and GJ evn GA although I think GA is just a pullback - looking for a place to buy
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