THE only Pattern | Page 78 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Can you trade only one pattern and be profitable? 61 replies

Script to change EA to long only/ short only at a price level? 1 reply

Price pattern scanner where I choose the pattern 4 replies

Pattern programs 1 reply

Attachments: THE only Pattern
Exit Attachments

THE only Pattern

  • #1,541
  • Apr 30, 2017 11:07pm Apr 30, 2017 11:07pm
I've been studying charts all day, looking at openings and opportunities, I know its a Monday but is a completely free day I had so thought I would see what I could find, am struggling with entry visions, I have re read a lot of posts from you guys re chart info and its so easy to see, after the fact, but while its all happening on the spot, I am finding it hard to grasp it, any comments or ideas? I feel like I just need that 'Ahhhh thats it' kind of feeling you know..?

Thanks in advance,
  • #1,542
  • Apr 30, 2017 11:48pm Apr 30, 2017 11:48pm
Quoting jamesrs59
I've been studying charts all day, looking at openings and opportunities, I know its a Monday but is a completely free day I had so thought I would see what I could find, am struggling with entry visions, I have re read a lot of posts from you guys re chart info and its so easy to see, after the fact, but while its all happening on the spot, I am finding it hard to grasp it, any comments or ideas? I feel like I just need that 'Ahhhh thats it' kind of feeling you know..? Thanks in advance,
This is the only one seeming to catch my eye, am I on the right track? Originally had paper traded the last 1 hour candle but was stopped out on the 1min,

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H1.jpeg Size: 352 KB


Have just moved SL to new highest candle to take some profit out, no major moves but please any feedback would be great,

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY M1.jpeg Size: 476 KB
  • #1,543
  • May 1, 2017 1:43am May 1, 2017 1:43am
Quoting jamesrs59
{quote} This is the only one seeming to catch my eye, am I on the right track? Originally had paper traded the last 1 hour candle but was stopped out on the 1min, {image} Have just moved SL to new highest candle to take some profit out, no major moves but please any feedback would be great, {image}
you did a sell from a good level...........but there was no pattern on lower time frames
Try to use 5 minutes instead of 1 minutes chart if you find it difficult
the level was about to break and that is why
atheer1
  • #1,544
  • May 1, 2017 1:52am May 1, 2017 1:52am
Quoting atheer1
{quote} you did a sell from a good level...........but there was no pattern on lower time frames Try to use 5 minutes instead of 1 minutes chart if you find it difficult the level was about to break and that is why
Thanks for the reply, the same 'Grid Lines' are fine for M5 Charts?

Thanks Again,
  • #1,545
  • May 1, 2017 1:55am May 1, 2017 1:55am
Quoting jamesrs59
{quote} Thanks for the reply, the same 'Grid Lines' are fine for M5 Charts? Thanks Again,
yes..............
but always watch where the attackers close relative to a level before joining the defenders
atheer1
  • #1,546
  • May 1, 2017 2:03am May 1, 2017 2:03am
Quoting atheer1
{quote} yes.............. but always watch where the attackers close relative to a level before joining the defenders
Understood, thank you, I can see it all in hindsight, just hard to wrap my head around it in the moment, I also think Patience is a part I need practice in.
  • #1,547
  • May 1, 2017 2:07am May 1, 2017 2:07am
Quoting jamesrs59
{quote} Understood, thank you, I can see it all in hindsight, just hard to wrap my head around it in the moment, I also think Patience is a part I need practice in.
with time and practice you will get used to it
atheer1
  • #1,548
  • May 1, 2017 2:14am May 1, 2017 2:14am
GJ is good example now
atheer1
  • #1,549
  • May 1, 2017 2:37am May 1, 2017 2:37am
Quoting atheer1
GJ is good example now
selling took place from 144.60-70.............that is not necessarily hold but it is very important for the time being
atheer1
  • #1,550
  • May 1, 2017 2:54am May 1, 2017 2:54am
Quoting atheer1
{quote} selling took place from 144.60-70.............that is not necessarily hold but it is very important for the time being
why it is important...................??

around the same level GJ turned down for about 800 pips
atheer1
  • #1,551
  • May 1, 2017 3:42am May 1, 2017 3:42am
Quoting atheer1
{quote} why it is important...................?? around the same level GJ turned down for about 800 pips
Now that I am all caught up and I can get on and see what you see, will be a good learning style for me, thank you
  • #1,552
  • May 1, 2017 5:15am May 1, 2017 5:15am
jamesrs59

you watched that GJ action from above 144.60.........
Big orders when triggered can not be hidden
but at the same time buyers are pushing to break.........
It is at that point of price action when both buyers and sellers are pushing from levels which are 10 pips adjacent to each other when the battle culminate into reversal or breakout
atheer1
  • #1,553
  • May 1, 2017 5:20am May 1, 2017 5:20am
Quoting atheer1
jamesrs59 you watched that GJ action from above 144.60......... Big orders when triggered can not be hidden
I am watching indeed, would you anticipate it going down? I notice also, AudJpy is currently sitting around last weeks high also,
  • #1,554
  • May 1, 2017 5:34am May 1, 2017 5:34am
Quoting jamesrs59
{quote} I am watching indeed, would you anticipate it going down? I notice also, AudJpy is currently sitting around last weeks high also,
Also just made a Slightly LH on M1, if thats anything to go by?
  • #1,555
  • May 1, 2017 5:37am May 1, 2017 5:37am
Quoting jamesrs59
{quote} I am watching indeed, would you anticipate it going down? I notice also, AudJpy is currently sitting around last weeks high also,
I am joining sellers at least for a scalp if possible
atheer1
  • #1,556
  • May 1, 2017 6:13am May 1, 2017 6:13am
Quoting atheer1
{quote} I am joining sellers at least for a scalp if possible
Good call well worth it and I did the same taken half out, let rest run, learning on demo for now ..
  • #1,557
  • May 1, 2017 6:38am May 1, 2017 6:38am
GJ 144.20 Next R Level ? Just checking my eyes are in focus and that I am seeing this right Atheer, cheers
  • #1,558
  • May 1, 2017 6:42am May 1, 2017 6:42am
Quoting jamesrs59
GJ 144.20 Next R Level ? Just checking my eyes are in focus and that I am seeing this right Atheer, cheers
YES

Next S 144.10-20...........143.80-90
atheer1
  • #1,559
  • May 1, 2017 6:47am May 1, 2017 6:47am
Quoting atheer1
{quote} YES Next S 144.10-20...........143.80-90
Awesome, I will be sure to just focus on a few Majors over the next few weeks to get my eyes in the game,

Again, thank you
  • #1,560
  • May 1, 2017 6:54am May 1, 2017 6:54am
One more thing,

Thoughts on A/U, seems to be as a dominant SR Line
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 01052017.jpeg Size: 261 KB
2 traders viewing now