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THE only Pattern

  • #241
  • Sep 21, 2016 11:06pm Sep 21, 2016 11:06pm
Hi friends
Just to add one more thing. If you wouLD just move to another thread "monthly profit-daily trading using sma, you wonder why the thread can last till 110 pages and still going strong.
The one who started the thread is the moderator and he does not allow anyone to deviate or shout or make unnecessary comments.
Besides it is a strategy that everyone would love to learn And everyone respect the moderator.
Thank you
  • #242
  • Sep 22, 2016 1:24am Sep 22, 2016 1:24am
Quoting josephkee
But what I think it comes across is the lack of clarity when you see the chart and what the narrator is trying to explain is different. For example is this a strategy of seeing a bullish wick that touches the top BB band followed by a bearish bar that closed below the bullish bar low and we can short it? That's it? If it is this, I see blue lines across the chart that tells me it is not as simple as what I sTate above. So friends, cool down as nobody is cheated in this case. If you feel you don't understand or believe in this, just move on to the...
Hi Joseph
Let me relate my experience in this thread with you. I stuck around here although there are not many participants, because I want to see how others trade around support n resistance.. I like the simplicity of this method using grid lines, bollinger bands and S/R. Simple but not easy.
Not unlike you, I was stuck in the old mind from the beginning, thinking that the main indicator is BB. So I read the thread 3 times in order to realize that the grid lines are the important area to look out for when "a bullish wick that touches the grid line followed by a bearish bar that closed below the bullish bar open" as you mentioned above with some corrections. BB is just secondary acting as added confirmation.

See posts 81, 157, 184 n 195.

If I may gather what I learned here, putting it in a nutshell below, with Atheer1 correcting me if I am incorrect.
1) Look for SR in H1 using the method taught here.
2) Always be mindful of D1 SR, using the same method, is not blocking the intended trade.
3) Look for entries in M1. I myself put SL beyond the H1 bar that pierce the highest/lowest grid line.
4) If price returns to test SR 1 above, proceed to 3 above.
5) TP is up to your own method.

This starts off as scalp trades in M1. Move SL to break even if H1 bar close beyond the previous bar open, for it can develop into a longer term trade.
I think the same can be applied if one trades on higher time frame. Just adjust all the time frames accordingly.
ITB - Seeing Orderliness amongst 'Randomness'
  • #243
  • Sep 22, 2016 1:32am Sep 22, 2016 1:32am
Quoting Inthebox
{quote} Hi Joseph Let me relate my experience in this thread with you. I stuck around here although there are not many participants, because I want to see how others trade around support n resistance.. I like the simplicity of this method using grid lines, bollinger bands and S/R. Simple but not easy. Not unlike you, I was stuck in the old mind from the beginning, thinking that the main indicator is BB. So I read the thread 3 times in order to realize that the grid lines are the important area to look out for when "a bullish wick that touches the...
Hi folks
not to offend anyone. It appears that the grid line was not even mentioned in the first post. It also seems that this strategy itself has a lot of subjectivity and the system to work depending on SR, which itself is full of subjectivity depending on the person who draw it.
When I read the thread I too had the impression that it was just BB, then I realise there is
  • #244
  • Sep 22, 2016 1:40am Sep 22, 2016 1:40am
golden line. Its a miscommunication and therefore no one should feel cheated. I suggest you hop on to a worth while thread which I mentioned just now. it is all about making money and I myself have greatly benefitted many pips from that strategy. I long audnz 4 days a, got out this morning with 300 pips. The are are many many trades which makes all contributors laughing them selves into the bank.

This is not to make Atheer less credible but for any thread to be understood, explanation is most important.

thank you
  • #245
  • Sep 22, 2016 1:53am Sep 22, 2016 1:53am
Quoting josephkee
{quote} Hi folks not to offend anyone. It appears that the grid line was not even mentioned in the first post. It also seems that this strategy itself has a lot of subjectivity and the system to work depending on SR, which itself is full of subjectivity depending on the person who draw it. When I read the thread I too had the impression that it was just BB, then I realise there is
If one were to download the indicators and templates on post 14, and compare with his chart, anybody with some experience would have known. Yes he did not mentioned grid lines, he mentioned lines on post 3. Just that it is not precise. I noticed, may be I spent enough time here?

I am profitable here. Just give it a try for one week watching only the SR on H1. Oh, the appropriate grid line chosen is the SR. As they say, the rest is up to you. All the best to you.
ITB - Seeing Orderliness amongst 'Randomness'
  • #246
  • Sep 22, 2016 2:03am Sep 22, 2016 2:03am
Quoting Inthebox
{quote} If one were to download the indicators and templates on post 14, and compare with his chart, anybody with some experience would have known. Yes he did not mentioned grid lines, he mentioned lines on post 3. Just that it is not precise. I noticed, may be I spent enough time here? I am profitable here. Just give it a try for one week watching only the SR on H1. Oh, the appropriate grid line chosen is the SR. As they say, the rest is up to you. All the best to you.
Hi inthebox, you seems to have alot of anger. Come join us at the other side. I bet you will enjoy and have lower blood pressure.
Its free anyway. But just be careful what you post.
Thanks
  • #247
  • Sep 22, 2016 2:13am Sep 22, 2016 2:13am
Quoting josephkee
{quote} Hi inthebox, you seems to have alot of anger. Come join us at the other side. I bet you will enjoy and have lower blood pressure. Its free anyway. But just be careful what you post. Thanks
Hi Joseph, why would you say that? I lead a carefree life now, no pressure. It's a matter of opinions, each listening to their own tune. That's life on this planet. I shall visit the site you recommend..
ITB - Seeing Orderliness amongst 'Randomness'
  • #248
  • Sep 22, 2016 2:17am Sep 22, 2016 2:17am
Quoting Inthebox
{quote} Hi Joseph, why would you say that? I lead a carefree life now, no pressure. It's a matter of opinions, each listening to their own tune. That's life on this planet. I shall visit the site you recommend..
That's the right attitude man. It will make your trading better. No point getting slamned in a forum meant to make us learn and make money.
  • #249
  • Sep 22, 2016 7:05am Sep 22, 2016 7:05am
Quoting josephkee
Hi friends Just to add one more thing. If you wouLD just move to another thread "monthly profit-daily trading using sma, you wonder why the thread can last till 110 pages and still going strong. The one who started the thread is the moderator and he does not allow anyone to deviate or shout or make unnecessary comments. Besides it is a strategy that everyone would love to learn And everyone respect the moderator. Thank you
the reason why Bk8 attracted many traders is because he explain clearly his strategy and he is posting live trades not historical charts. Anyway, Im out of here now. Goodluck!
  • #250
  • Edited 10:02am Sep 22, 2016 9:49am | Edited 10:02am
Atheer1 is sharing his thoughts and trading ideas in this thread, and several people (from Japan, Singapore, Laos, and China) have decided they would drop by and crap on his work. Very rude, and after atheer1 has asked you to leave, it continues. You people disgust me. Atheer1 should put you on his ignore list if he wants to continue his efforts here.
  • #251
  • Sep 22, 2016 4:17pm Sep 22, 2016 4:17pm
Quoting Inthebox
{quote} Hi Joseph Let me relate my experience in this thread with you. I stuck around here although there are not many participants, because I want to see how others trade around support n resistance.. I like the simplicity of this method using grid lines, bollinger bands and S/R. Simple but not easy. Not unlike you, I was stuck in the old mind from the beginning, thinking that the main indicator is BB. So I read the thread 3 times in order to realize that the grid lines are the important area to look out for when "a bullish wick that touches the...
Good understanding my friend keep up the good work.........If you are doing what you said,then you are doing almost what I am doing around support and Resistance levels............
atheer1
  • #252
  • Sep 22, 2016 4:39pm Sep 22, 2016 4:39pm
For all posters on this thread.............If you think that this method is vague for you........why you don't ask what is vague for you to be cleared by me.........be patient............you will understand everything about and that is the first step to doing it the right way...............
I see that Kubiasty and Inthebox have good understanding of it...........Sorry If I was not clear in my explanation..........Good understanding require good reading of all posts..............I will be here to answer...........when I have the time I will call for trades using the method and I will post explanation from now on.............by the way I have a second job and a family so be patient...............
atheer1
  • #253
  • Sep 22, 2016 4:50pm Sep 22, 2016 4:50pm
I am using a grid on all my charts..............
for 1min it is 1 pip grid
for 1 hour it is 10 pip grid
for daily it is 50 pip grid
for monthly it is 500 pip grid

my S and R lines are at those lines It can not be anywhere else on the chart only at those lines...........the other factor needed to determine those S and R line is the price...........so digest that to go to the next part
atheer1
  • #254
  • Sep 22, 2016 4:52pm Sep 22, 2016 4:52pm
Quoting atheer1
I am using a grid on all my charts.............. for 1min it is 1 pip grid for 1 hour it is 10 pip grid for daily it is 50 pip grid for monthly it is 500 pip grid my S and R lines are at those lines It can not be anywhere else on the chart only at those lines...........the other factor needed to determine those S and R line is the price...........so digest that to go to the next part
Be carefull.. what you are sharing is too powerful and some beginners may not see it, I will share what I can. to help this thread, i Like your work
It's in fear when people show what they truly value.
  • #255
  • Sep 22, 2016 6:15pm Sep 22, 2016 6:15pm
The candle upper wick is the result of selling overcoming buying...........
The candle lower wick is the result of buying overcoming selling............
If one candle upper wick touches or passes through our lines that line is a R..............
If one candle lower wick touches or passes through our lines that line is a S...............
If more than one candle upper wicks touch or pass through the same line that increases the importance of this R line.......
If more than one candle lower wicks touch or pass through the same line that increases the importance of this S line.......
The lower the time frame where these events happen the lower the odd that a R line or S Line will hold the price............the higher the time the more the odds.............
our setup is a candle hitting a R line followed by a candle reversing down to below the 1st open...........so the odds that the price will continue down for some time is higher than the reverse...............
Or a candle hitting a S line followed by a candle reversing up to above the 1st open...........so the odds that the price will continue up for some time is higher than the reverse...........
atheer1
  • #256
  • Sep 22, 2016 6:17pm Sep 22, 2016 6:17pm
Quoting ensale
{quote} Be carefull.. what you are sharing is too powerful and some beginners may not see it, I will share what I can. to help this thread, i Like your work
thanks
atheer1
  • #257
  • Sep 22, 2016 7:09pm Sep 22, 2016 7:09pm
Our entry to a trade:

***find R/S lines in one hour chart..................
***wait for the price to come to those levels...........
*** watch the reaction to those lines on one minute chart............
***if you have the setup on one minute chart at the line or slightly above or below i.e you have a reversal take the trade sell for R and buy for S
***for your stop it can be above the setup in selling or below the setup in buying especially if you are a scalper..........but if you trading for more shot put your stop according to 1 hour chart it is highly variable but one of the ways to do that is to put it above the highest candle upper wick that penetrate the R line in selling and below the lowest candle lower wick that penetrate the S line............
***I prefer to be scalper and the swing trader at the same time buy applying the second method of stop determination......
*** TP take scalp if the market let you and leave some for runner
*** when you have a run protect your trade as soon as suitable
atheer1
  • #258
  • Sep 22, 2016 7:21pm Sep 22, 2016 7:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: 351.png Size: 60 KB
atheer1
  • #259
  • Sep 22, 2016 7:28pm Sep 22, 2016 7:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: 352.png Size: 51 KB
atheer1
  • #260
  • Sep 22, 2016 7:34pm Sep 22, 2016 7:34pm
When Tokyo is open the opportunity is there in JPY pairs
atheer1
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