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THE only Pattern

  • #1,601
  • May 4, 2017 8:35pm May 4, 2017 8:35pm
Quoting jamesrs59
{quote} Sorry, what I meant here was the price was below your quoted price, I was meaning would you hold a long position while it climbed to that potential target to open a short position, or wait until the price went up and retested that price, which you clarified here I think, cheers
never mind Jamesrs59......It was me who did not get it from the 1st read
atheer1
  • #1,602
  • May 4, 2017 8:49pm May 4, 2017 8:49pm
Quoting atheer1
{quote} never mind Jamesrs59......It was me who did not get it from the 1st read
All good, am definitely learning a lot more also about reading PA effectively,
  • #1,603
  • Edited 10:09pm May 4, 2017 9:39pm | Edited 10:09pm
Potential Buy on A/U? Or is down trend too strong? - I am never sure weather to trade Fridays? Thoughts on Friday positions?
  • #1,604
  • May 4, 2017 9:44pm May 4, 2017 9:44pm
Quoting atheer1
The only pattern You need to trade............................. 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 The candle upper wick is the result of selling overcoming buying........... The candle lower wick is...
Thanks for this AND ALL your reply's!!!!!
OldGreyGuy
  • #1,605
  • May 4, 2017 9:57pm May 4, 2017 9:57pm
Quoting will4x
{quote} Thanks for this AND ALL your reply's!!!!!
welcome
atheer1
  • #1,606
  • Edited 10:18pm May 4, 2017 10:07pm | Edited 10:18pm
Quoting jamesrs59
Potential Buy on A/U? Or is down trans too strong? - I am never sure weather to trade Fridays? Thoughts on Friday positions?
It is on S 0.7380-90 but in strong down trend...............if broken next 0.7330-40...........if not pull back to around 0.7440-50
atheer1
  • #1,607
  • May 4, 2017 10:09pm May 4, 2017 10:09pm
Quoting atheer1
{quote} It is on S 0.7380-90 but in strong down trend
Thanks for confirming what I suspected I was looking at,
  • #1,608
  • May 4, 2017 11:10pm May 4, 2017 11:10pm
Quoting atheer1
Short UJ from 112.60-70............possible scalp entry next S 112.30.........111.90
Good trade here, big Zone Broken through with BIG Red Candle..
  • #1,609
  • May 5, 2017 1:07am May 5, 2017 1:07am
Quoting ensale
{quote} very nice examples.. indeed. I hope you don't mind me taking those images for self examples...
of course i dont mind;-)

james: today is friday and often non farm numbers are dangerous and can change trends erraticly. thats all,
the other trading days which are dangerous are: monday, tuesday, wednesday, thursday
trading is like dancing, don't think and just listen to the music!
  • #1,610
  • May 5, 2017 1:17am May 5, 2017 1:17am
Quoting birdland
{quote} of course i dont mind;-) james: today is friday and often non farm numbers are dangerous and can change trends erraticly. thats all, the other trading days which are dangerous are: monday, tuesday, wednesday, thursday
Haha good call, still learning the ropes but that I agree with!
  • #1,611
  • May 5, 2017 1:45am May 5, 2017 1:45am
Someone trying to re-initiate the up direction from 112-112.10 for UJ let us see .........
atheer1
  • #1,612
  • May 5, 2017 2:46am May 5, 2017 2:46am
again GU tries to turn 1.2930 into a S
trading is like dancing, don't think and just listen to the music!
  • #1,613
  • May 5, 2017 3:47am May 5, 2017 3:47am
Question,

would you hold trades over over the weekend with this strategy?
  • #1,614
  • May 5, 2017 4:38am May 5, 2017 4:38am
Quoting birdland
again GU tries to turn 1.2930 into a S
Buyer's turning up.
It's in fear when people show what they truly value.
  • #1,615
  • May 5, 2017 4:43am May 5, 2017 4:43am
Quoting jamesrs59
Question, would you hold trades over over the weekend with this strategy?
For me, swing yes. intra day/ close at end of the day..

but if there is risk, elections or additional talk etc no, will not hold.. another consideration is to close and open trade back on sunday
It's in fear when people show what they truly value.
  • #1,616
  • May 5, 2017 4:54am May 5, 2017 4:54am
Quoting ensale
{quote} For me, swing yes. intra day/ close at end of the day.. but if there is risk, elections or additional talk etc no, will not hold.. another consideration is to close and open trade back on sunday
Thanks Ensale, my thoughts exactly,

cheers
  • #1,617
  • May 5, 2017 6:56am May 5, 2017 6:56am
Quoting ensale
{quote} Buyer's turning up.
yes but i am out. dont want to risk the big news coming along...
trading is like dancing, don't think and just listen to the music!
  • #1,618
  • May 5, 2017 7:24am May 5, 2017 7:24am
Quoting birdland
{quote} yes but i am out. dont want to risk the big news coming along...
Smart move.. it has not set up convincingly enough to hold.
It's in fear when people show what they truly value.
  • #1,619
  • May 5, 2017 8:40am May 5, 2017 8:40am
Quoting atheer1
The only pattern You need to trade.................... 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........... Our entry to a trade: ***find R/S lines in one hour chart.....................
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 56 KB


This sounds awfully familiar.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,620
  • May 5, 2017 9:40am May 5, 2017 9:40am
Quoting TooSlow
{quote} {image} This sounds awfully familiar.
??
trading is like dancing, don't think and just listen to the music!
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