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THE only Pattern

  • #1,721
  • May 13, 2017 2:01am May 13, 2017 2:01am
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...

very smart, simple, useful and well-defined system.
thank you so much.
but a small question; what is your plan for news time?
  • #1,722
  • May 13, 2017 3:21am May 13, 2017 3:21am
Quoting atheer1
{quote} Mare you have to look carefully at setup in 1 min chart around important levels {image}
Ok atheer1, that's absolutely clear to me. But in your post 1,710, you said that you bought after the news.
So, it's a very important difference, did you bought right after candle at 15:29(before news) or after candle 15:37(after the news)?

I'm sorry if I'm boring. I would just like to know how experienced traders act regarding the news.
  • #1,723
  • May 13, 2017 4:52pm May 13, 2017 4:52pm
Quoting Mare
{quote} Ok atheer1, that's absolutely clear to me. But in your post 1,710, you said that you bought after the news. So, it's a very important difference, did you bought right after candle at 15:29(before news) or after candle 15:37(after the news)? I'm sorry if I'm boring. I would just like to know how experienced traders act regarding the news.
I said GU was bought...........not I bought GU...............
atheer1
  • #1,724
  • May 13, 2017 5:01pm May 13, 2017 5:01pm
Quoting forexbillion
{quote} very smart, simple, useful and well-defined system. thank you so much. but a small question; what is your plan for news time?
sometimes I keep my trades during news when that is possible..............
sometimes I enter trades around news but all is related to my reading of price levels using the news as a vehicle to give my a good entry................
sometimes I close my original trades when news are about to be released when the condition is not in my favor...........
So as a summary it all depends about my analysis around the news...............rarely I got disappointing by the net direction after news as it almost always obeys good price levels
atheer1
  • #1,725
  • Edited 8:06am May 14, 2017 5:26am | Edited 8:06am
Quoting atheer1
{quote} I said GU was bought...........not I bought GU...............
Aaah atherr1 that's it, please, sorry for this misunderstanding, it was very important to clarify this position.
So, we could conclude that buying after 15:29 candle don't have to be the mistake at all costs since price reacts on news mostly according to market rules.

I would just like to take this opportunity to say thank you for this amazing and useful thread and for your patience and generosity.

And of course thanks to all the guys who have recognized this value.
  • #1,726
  • May 14, 2017 5:08pm May 14, 2017 5:08pm
Quoting Mare
{quote} Aaah atherr1 that's it, please, sorry for this misunderstanding, it was very important to clarify this position. So, we could conclude that buying after 15:29 candle don't have to be the mistake at all costs since price reacts on news mostly according to market rules. I would just like to take this opportunity to say thank you for this amazing and useful thread and for your patience and generosity. And of course thanks to all the guys who have recognized this value.
welcome
atheer1
  • #1,727
  • May 14, 2017 9:30pm May 14, 2017 9:30pm
this is one of the most sensible / logical / rational systems i have seen. thanks for sharing!!!
  • #1,728
  • May 15, 2017 12:56am May 15, 2017 12:56am
First post in this thread, thank you Atheer.

GBP/JPY H1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 15th May 17 GBP:JPY H1 Observations.png Size: 126 KB
  • #1,729
  • May 15, 2017 1:23am May 15, 2017 1:23am
GBP/USD H1/M1 Long Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15th May GBP:USD H1 Long Trade.png Size: 123 KB
Click to Enlarge Name: 15th May 17 GBP:USD M1 Long Trade.png Size: 109 KB
  • #1,730
  • May 15, 2017 2:10am May 15, 2017 2:10am
Quoting stevepatt
GBP/USD H1/M1 Long Trade {image} {image}

GBP/USD H1/M1 Long Trade Result

+20 Pips +2R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15th May 17 GBP:USD H1 Long Trade Result.png Size: 119 KB
Click to Enlarge Name: 15th may 17 GBP:USD M1 Long Trade Result.png Size: 127 KB
  • #1,731
  • May 15, 2017 2:44am May 15, 2017 2:44am
Quoting stevepatt
{quote} GBP/USD H1/M1 Long Trade Result +20 Pips +2R {image} {image}
great catch
  • #1,732
  • May 15, 2017 2:45am May 15, 2017 2:45am
more than +40 with EJ. typical R turned into S
Attached Image (click to enlarge)
Click to Enlarge Name: TOP15.5.EJ.png Size: 84 KB
trading is like dancing, don't think and just listen to the music!
  • #1,733
  • May 15, 2017 3:21am May 15, 2017 3:21am
Quoting stevepatt
{quote} GBP/USD H1/M1 Long Trade Result +20 Pips +2R {image} {image}
Very Nice !

Incidentally, nice looking trade manager you have there too.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #1,734
  • May 15, 2017 3:22am May 15, 2017 3:22am
Quoting birdland
more than +40 with EJ. typical R turned into S {image}
Sweet trade!
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #1,735
  • May 15, 2017 10:39am May 15, 2017 10:39am
GBP/JPY H1 Observations

This shows my favourite setup it occurs a lot but it helps if you are around to Trade it when it happens

I find a lot of Trades occur around Whole and Half numbers .200 and .800 Numbers also play a role.
Attached Image (click to enlarge)
Click to Enlarge Name: 15th May 17 GBP:JPY H1 Observations 2.png Size: 133 KB
  • #1,736
  • Edited 1:05pm May 15, 2017 12:47pm | Edited 1:05pm
GU may be preparing for a sharp move before May speak...............it is now at 1.2890 S

If that what will happen what do you expect the move will be?........
atheer1
  • #1,737
  • May 15, 2017 1:01pm May 15, 2017 1:01pm
Quoting baldmonk
this is one of the most sensible / logical / rational systems i have seen. thanks for sharing!!!
welcome
atheer1
  • #1,738
  • May 15, 2017 1:51pm May 15, 2017 1:51pm
GU ...................S 1.2880-90...........1.2840-50
............R 1.29-10..............1.2930-40

so ...............I am inclined to bears if there will be a sharp move.................Always be prepared to be wrong
atheer1
  • #1,739
  • May 15, 2017 1:54pm May 15, 2017 1:54pm
Quoting atheer1
GU may be preparing for a sharp move before May speak...............it is now at 1.2890 S If that what will happen what do you expect the move will be?........

Hi Atheer,

We could see 1.29000 come in to play again.

But who knows, too many unknowns to make a prediction.

Just follow PRICE
Attached Image (click to enlarge)
Click to Enlarge Name: 15th may 17 GBP:USD H1 Observations 3.png Size: 120 KB
  • #1,740
  • May 15, 2017 1:57pm May 15, 2017 1:57pm
Quoting stevepatt
{quote} Hi Atheer, We could see 1.29000 come in to play again. But who knows, too many unknowns to make a prediction. Just follow PRICE {image}
nice
atheer1
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