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THE only Pattern

  • #9,141
  • Sep 28, 2021 5:35am Sep 28, 2021 5:35am
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Atheer did like the M1 chart, and for this you do see clearly how PA traded arround PWL level.
It's in fear when people show what they truly value.
  • #9,142
  • Oct 11, 2021 1:32am Oct 11, 2021 1:32am
Morning traders
It's in fear when people show what they truly value.
  • #9,143
  • Oct 11, 2021 2:43am Oct 11, 2021 2:43am
Quoting ensale
Morning traders
good morning also...will be a borind day with US bank holiday afternoon.
trading is like dancing, don't think and just listen to the music!
  • #9,144
  • Oct 11, 2021 2:55am Oct 11, 2021 2:55am
Quoting birdland
{quote} good morning also...will be a borind day with US bank holiday afternoon.
morning US bank holiday means day over in 2 hours already.

I hope my charts are ok with you. let me know, I use some feint Moving averages on there.
It's in fear when people show what they truly value.
  • #9,145
  • Oct 11, 2021 3:16am Oct 11, 2021 3:16am
Quoting ensale
{quote} morning US bank holiday means day over in 2 hours already. I hope my charts are ok with you. let me know, I use some feint Moving averages on there.
yes of course, i like them. everything is fine;-)
trading is like dancing, don't think and just listen to the music!
  • #9,146
  • Oct 11, 2021 9:30am Oct 11, 2021 9:30am
Quoting birdland
{quote} yes of course, i like them. everything is fine;-)
Am glad :-), we just keep each other in line with the thread as best possible.
It's in fear when people show what they truly value.
  • #9,147
  • Oct 11, 2021 11:19pm Oct 11, 2021 11:19pm
the 1.3590 level is the "line in the sand":
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trading is like dancing, don't think and just listen to the music!
  • #9,148
  • Oct 12, 2021 1:21am Oct 12, 2021 1:21am
Quoting birdland
the 1.3590 level is the "line in the sand": {image}
if broken likley to lead to good down move so possible switch now
It's in fear when people show what they truly value.
  • #9,149
  • Oct 12, 2021 2:20am Oct 12, 2021 2:20am
Quoting ensale
{quote} if broken likley to lead to good down move so possible switch now
above 1.3610 is also an important level, so we are pending in between atm.
trading is like dancing, don't think and just listen to the music!
  • #9,150
  • Jun 18, 2022 10:21am Jun 18, 2022 10:21am
I appreciate this thread.
This is a no bullshit thing.
So i will try to contribute something similar.
For this will try to carry this "one pattern" idea in mind.
I use this that i will show every trading day.
Somedays i dont have the tenacity and focus to carry it through and i start guessing about something thats not in the chart.
And often it gets me into trouble.
When i DO carry it through it works out.
For this i will be using the most recent eur/usd M5 chart from friday.
First of all i try to avoid trading after london bankers go home.
And i start 30 minutes after they get to work.
Also, i will post this in my own thread so i was going to post it there but maybe some of you guys might find it interesting.
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My signature is: "Classified".
  • #9,151
  • Jun 20, 2022 7:33am Jun 20, 2022 7:33am
Hi atheer1,
I discovered this post of yours and I am reading all the pages slowly.
If I wanted to use 5M what is the value of the grid?
You may have already talked about it but there are 458 pages and it will take a while.
Thank you
  • #9,152
  • Mar 11, 2023 3:35am Mar 11, 2023 3:35am
Quoting yaed
I appreciate this thread. This is a no bullshit thing. So i will try to contribute something similar. For this will try to carry this "one pattern" idea in mind. I use this that i will show every trading day. Somedays i dont have the tenacity and focus to carry it through and i start guessing about something thats not in the chart. And often it gets me into trouble. When i DO carry it through it works out. For this i will be using the most recent eur/usd M5 chart from friday. First of all i try to avoid trading after london bankers go home. And...
I agree, the concept of this trading strategy is very simple, put up lines and then watch how price will react to any of them. I think if we put the lines with appropriate distance we might be able to get more juice from the price movement. I think paying attention to the ADR might also help to know how far must the distance between the lines is.
If you want to make a lot of money, go to where money is in abundance.
  • #9,153
  • Last Post: Oct 7, 2023 3:46am Oct 7, 2023 3:46am
Folks, as usual, really nothing new here. Yet another rediscovery of what Charles Dow found. For example, how about retracement levels? (No Fibonacci numbers ae not at play here. But lots of people like to fit some "trendy" concept or name to make the "discovery" apear very important.).

Or the phases of a trend. (Expanding from 3 phases to 5 or more is just adding some nuance, not anything substantial.)

From Dow Theory, The Market has Three Movements:
The "medium swing", secondary reaction or intermediate reaction may last from ten days to three months and generally retraces from 33% to 66% of the primary price change since the previous medium swing or start of the main movement.

From Dow Theory, Market Trends have Three Phases:
Dow theory asserts that major market trends are composed of three phases: an accumulation phase, a public participation (or absorption) phase, and a distribution phase.

Of course, everyone knows if you take some existing ideas and give them some new names, you can market it to the millions that you know do no independent research on the material.
To free Gazans of Hamas, use whatever it takes.
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