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THE only Pattern

  • #81
  • Sep 15, 2016 11:24am Sep 15, 2016 11:24am
Quoting liberty71
{quote} Does this mean we should always look for trades only on 1Minute chart?
Always you have a better R/R on one minute chart,but the most difficult time frame for the inexperienced trader.......My advice is take important levels from higher time frame 1hour and higher,then watch 1 min chart for reaction to these levels and entries there after.Always take some profit early to flourish your equity and keep some to run when it is in your direction.Do not hesitate to cut your losses.................

The most difficult part of this,is to know how.........
atheer1
  • #82
  • Sep 15, 2016 11:47am Sep 15, 2016 11:47am
Attached Image (click to enlarge)
Click to Enlarge Name: 336.png Size: 63 KB
atheer1
  • #83
  • Sep 15, 2016 12:04pm Sep 15, 2016 12:04pm
So........................
take the hit of the line by upper wicks as level of R
take the hit of the line by lower wicks as level of s
take more than one hit to the line to have stronger S or R
take close of a bar above or below these levels as breaks
In our setup a bar is forming a R by its upper wick then next bar is changing direction to close below the open of the 1st indicating a significant change in bias of the price from up to down which could initiate change in the direction at important levels...........the exact opposite is true.............
atheer1
  • #84
  • Sep 15, 2016 12:05pm Sep 15, 2016 12:05pm
Quoting atheer1
{image}
Ohhh thanks! I Will try that!
  • #85
  • Sep 15, 2016 12:07pm Sep 15, 2016 12:07pm
Quoting Kubiasty
{quote} Ohhh thanks! I Will try that!
I am glad that you are happy my friend
atheer1
  • #86
  • Sep 15, 2016 12:08pm Sep 15, 2016 12:08pm
Quoting atheer1
{image}
So is this correct Support Line ?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 73 KB
  • #87
  • Sep 15, 2016 12:13pm Sep 15, 2016 12:13pm
Just tried this system for the very first time; live
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 50 KB
  • #88
  • Sep 15, 2016 12:20pm Sep 15, 2016 12:20pm
Let me summarize this system for new, If im wrong, please Atheer1 correct me...

1. So first we search Support/Ressistance Lines where we will take action in near future: (Timeframe H1)

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 67 KB


2. If price will go down to support, we switch our chart to M1 Timeframe, and we search for these setup similiar, or something like that: (Timeframe M1)

Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 32 KB


3. EXIT is on your own.

Am I right Atheer ? please correct what is wrong...
let me summarize
  • #89
  • Sep 15, 2016 12:32pm Sep 15, 2016 12:32pm
Quoting Kubiasty
{quote} So is this correct Support Line ? {image}
yes right
atheer1
  • #90
  • Sep 15, 2016 12:33pm Sep 15, 2016 12:33pm
Quoting Kubiasty
Let me summarize this system for new, If im wrong, please Atheer1 correct me... 1. So first we search Support/Ressistance Lines where we will take action in near future: (Timeframe H1) {image} 2. If price will go down to support, we switch our chart to M1 Timeframe, and we search for these setup similiar, or something like that: (Timeframe M1) {image} 3. EXIT is on your own. Am I right Atheer ? please correct what is wrong... let me summarize
nothing wrong you are right
atheer1
  • #91
  • Sep 15, 2016 12:40pm Sep 15, 2016 12:40pm
Quoting Golfingchef
Just tried this system for the very first time; live {image}
For me it was not showing enough reaction to the R.....................You can see that on one minute chart
atheer1
  • #92
  • Sep 15, 2016 12:47pm Sep 15, 2016 12:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: 337.png Size: 35 KB
atheer1
  • #93
  • Sep 15, 2016 12:52pm Sep 15, 2016 12:52pm
now about 70+ pip on NY trade UJ
If we close the daily below 102.00 S more down move to come...........
atheer1
  • #94
  • Sep 15, 2016 1:15pm Sep 15, 2016 1:15pm
Quoting atheer1
{image}
But when we search to enter on M1 we dont have bar 2 closed on that AUDUSD chart screen...
So how we can enter there sell when it is after ? hmmm
  • #95
  • Sep 15, 2016 1:45pm Sep 15, 2016 1:45pm
Quoting Kubiasty
{quote} But when we search to enter on M1 we dont have bar 2 closed on that AUDUSD chart screen... So how we can enter there sell when it is after ? hmmm
Would you mind to clarify your question more?
As I did not support selling now in this pair
The price go up as I said
atheer1
  • #96
  • Sep 15, 2016 3:36pm Sep 15, 2016 3:36pm
Quoting atheer1
{quote} Would you mind to clarify your question more? As I did not support selling now in this pair The price go up as I said
Lets go back in time. Couple hours back. On audusd you mark with circle 2 candle. Suppose it doesnt paint yet so what would you do?
  • #97
  • Sep 15, 2016 3:49pm Sep 15, 2016 3:49pm
Quoting Kubiasty
{quote} Lets go back in time. Couple hours back. On audusd you mark with circle 2 candle. Suppose it doesnt paint yet so what would you do?
Attached Image (click to enlarge)
Click to Enlarge Name: 338.png Size: 64 KB
atheer1
  • #98
  • Sep 15, 2016 6:03pm Sep 15, 2016 6:03pm
Quoting atheer1
{quote} {image}
Thx
  • #99
  • Sep 15, 2016 6:31pm Sep 15, 2016 6:31pm
UJ

Break of support at 102.00 triggered buy orders below 101.80.

Next major support 101.50
atheer1
  • #100
  • Sep 15, 2016 7:19pm Sep 15, 2016 7:19pm
Dang it! Missed a nice entry on AU, bouncing off the monthly open
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