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THE only Pattern

  • #321
  • Oct 1, 2016 5:08pm Oct 1, 2016 5:08pm
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atheer1
  • #322
  • Edited 6:03pm Oct 1, 2016 5:38pm | Edited 6:03pm
question:

Can we predict which direction UJ is more likely to go in October?Please tell me your answer and analysis...................
atheer1
  • #323
  • Oct 1, 2016 7:23pm Oct 1, 2016 7:23pm
UP Maybe
weekly showing triple bottom - maybe the yearly down trend is turning, maybe-
Live today like theres no tomorrow-- Prioritize like you will die today
  • #324
  • Oct 1, 2016 7:42pm Oct 1, 2016 7:42pm
Quoting atheer1
question: Can we predict which direction UJ is more likely to go in October?Please tell me your answer and analysis...................
i think ranging after a strong downtrend, if the price can crack 105 i would bet long. UJ looks too hesitant i better stay away the next time because i only trade the higher time frames.
  • #325
  • Oct 1, 2016 7:43pm Oct 1, 2016 7:43pm
Guys,
This is an oppurtune time to learn best by participating. Atheer1 is here now and willing to impart his years of experience to us. Do it before he leaves this thread due to his other busy schedules. I shall answer the question at the end of the day.
ITB - Seeing Orderliness amongst 'Randomness'
  • #326
  • Oct 1, 2016 7:52pm Oct 1, 2016 7:52pm
no such thing as a pattern in markets. its a hallucination. its called randomness.
  • #327
  • Oct 1, 2016 7:54pm Oct 1, 2016 7:54pm
by the way that's all I have to say.......bwwwwhahahahaha lose that money
  • #328
  • Oct 1, 2016 8:40pm Oct 1, 2016 8:40pm
wouldn't surprise me if ming, twee and all of the trolls here are the same person
  • #329
  • Oct 1, 2016 9:05pm Oct 1, 2016 9:05pm
Quoting thjw
by the way that's all I have to say.......bwwwwhahahahaha lose that money
mr random.. get out!
It's in fear when people show what they truly value.
  • #330
  • Oct 1, 2016 9:18pm Oct 1, 2016 9:18pm
Love this thread. Well done to all the participants! I have been using a similar entry technique for those days or months where the currency is not trending, and instead, moving from level to level. The skill is identifying the different levels on each currency. But the technique (exhaustion candle followed by a confirming candle) is highly useful. I use fibs for multiple entries when they are appropriate, but I know you want to avoid discussion on fibs. I'd be happy to post a sample of my trades from last week, if you are open to it, but if not, that's ok too. Keep up the good work.
  • #331
  • Oct 1, 2016 9:26pm Oct 1, 2016 9:26pm
Quoting ensale
{quote} mr random.. get out!
some people tend to give others (people,systems...) the fault for they failures.
its a humanly reaction to not fall in a deep depression because they cant handly the fact that they dont have the skills to reach their, too high, goals and trading needs alot of different skills.
  • #332
  • Oct 2, 2016 4:16am Oct 2, 2016 4:16am
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
Hi Ateer,
I have read all of your thread and tried it with some success. I was just using S+R on 1H charts as I saw it and then going down to 5 min and 1 min for your candle pattern. I don't understand your grid pip system can you explain it in more detail. You say you have an indicator to put it on the chart but what is the logic behind it. Thanks for you help
  • #333
  • Oct 2, 2016 7:11am Oct 2, 2016 7:11am
Expecting price to go south to buy zone 100 when reaching sell zone 102.
This will be the 9th attempt to break 100 so the chance of breaking it has increase as the previous rebound was lower with a series of lower highs. However 100 big round number is a large psychological barrier.
It is likely range trading between 100 - 102 area until US interest rate expectation can be better determined.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #334
  • Oct 2, 2016 4:25pm Oct 2, 2016 4:25pm
Quoting Inthebox
Expecting price to go south to buy zone 100 when reaching sell zone 102. This will be the 9th attempt to break 100 so the chance of breaking it has increase as the previous rebound was lower with a series of lower highs. However 100 big round number is a large psychological barrier. It is likely range trading between 100 - 102 area until US interest rate expectation can be better determined. {image}
nice analysis
atheer1
  • #335
  • Oct 2, 2016 4:27pm Oct 2, 2016 4:27pm
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atheer1
  • #336
  • Oct 2, 2016 4:52pm Oct 2, 2016 4:52pm
Quoting Brian214
{quote} Hi Ateer, I have read all of your thread and tried it with some success. I was just using S+R on 1H charts as I saw it and then going down to 5 min and 1 min for your candle pattern. I don't understand your grid pip system can you explain it in more detail. You say you have an indicator to put it on the chart but what is the logic behind it. Thanks for you help
Grid is 1 pip in one M chart............10 pip in 1 hour chart.............50 pip in daily chart..........500 pip in monthly..............

Logic comes from the following facts..............
Range of candles in those time frames and so choosing an appropriate grid interval so that the change in price by this grid interval is significant........1 pip is significant in 1 min chart and so on.............
Big players tend to put there orders around round no.............and all my gird are round no..........
grid interval can fit all currency pairs at the same time............
From my experience the reaction of price to those grid intervals gives more clear picture to market participants intentions at multiples of 10s than any other price ending with more than 000000
It will give you an easy method to spot R an S so that different traders could have the same view,as all other methods I encountered were discretionary and not precise.......
atheer1
  • #337
  • Oct 2, 2016 4:57pm Oct 2, 2016 4:57pm
Quoting GEfx
Love this thread. Well done to all the participants! I have been using a similar entry technique for those days or months where the currency is not trending, and instead, moving from level to level. The skill is identifying the different levels on each currency. But the technique (exhaustion candle followed by a confirming candle) is highly useful. I use fibs for multiple entries when they are appropriate, but I know you want to avoid discussion on fibs. I'd be happy to post a sample of my trades from last week, if you are open to it, but if not,...
Go ahead my friend...........I am an open minded person..........
atheer1
  • #338
  • Oct 2, 2016 5:01pm Oct 2, 2016 5:01pm
Quoting iamsovereign
UP Maybe weekly showing triple bottom - maybe the yearly down trend is turning, maybe-
Yes it could be.........
Still not my view till now..............
atheer1
  • #339
  • Oct 3, 2016 2:35am Oct 3, 2016 2:35am
Short term day trading.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #340
  • Oct 3, 2016 8:23am Oct 3, 2016 8:23am
Sold on retracement.
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ITB - Seeing Orderliness amongst 'Randomness'
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