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THE only Pattern

  • #2,001
  • Jun 8, 2017 5:13am Jun 8, 2017 5:13am
We have an interesting situation on last two posts.

ensale says: "in terms of preference for buying or selling... you want to be buying"

But dragonexpert says opposite:"Strong resistance line is never lie. In support area there was another story"

It would be useful if you guys could to make a little bit deeper explanation of your standpoints.

Thanks
  • #2,002
  • Jun 8, 2017 5:25am Jun 8, 2017 5:25am
would like dragonexpert to clarify his support point... I assume he is not disagreeing with me.. just saying that support lower is stronger then resistance above that you traded..

"In support area there was another story"
It's in fear when people show what they truly value.
  • #2,003
  • Jun 8, 2017 7:28am Jun 8, 2017 7:28am
Quoting ensale
would like dragonexpert to clarify his support point... I assume he is not disagreeing with me.. just saying that support lower is stronger then resistance above that you traded.. "In support area there was another story"
I wouldn't say, but we will see his answer.

I would also like to hear something more about your attitude that be a buyer is better than be a seller.
  • #2,004
  • Jun 8, 2017 1:17pm Jun 8, 2017 1:17pm
losses are unavoidable in fact my loss of few pips in UJ trade this morning gave me an alert of a change in direction of the day............. the idea behind OP is to cut your loss short when you are wrong
atheer1
  • #2,005
  • Jun 8, 2017 1:54pm Jun 8, 2017 1:54pm
UJ down direction started from the beginning of May still intact as long as 110.30-40 is intact.............retest of April low at around 108.20 is needed to clarify the direction............
atheer1
  • #2,006
  • Jun 8, 2017 3:27pm Jun 8, 2017 3:27pm
Quoting Mare
{quote} I wouldn't say, but we will see his answer. I would also like to hear something more about your attitude that be a buyer is better than be a seller.
in terms of why I want to be buyer rather then a seller, it just how smart money likes to operate.. below I explain further.

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So in a downtrend,uptrend, range market we all know we get the up and the down (market breathes) and smart money operates in a way that buy's cheap.. etc.. that's why I am more willing to buy.. aggressive seller's will be entering at the low areas...

I agree with atheer also, that we R in a downtrend for a while, I am prepared to sell again when the market offer's this opportunity higher..

Last thing, stocks are at high's, and keep pushing higher, everyone is trying to predict the top, that normally does not work normally on all time high's, so as a result UJ will benefit from stock rallies and that's what I am taking advantage off buying in the low area's..

ensale..

FYI.. Take a look at US crude oil, the price moves between 55-45..
It's in fear when people show what they truly value.
  • #2,007
  • Jun 8, 2017 4:50pm Jun 8, 2017 4:50pm
EU great bearish pressure to break 1.12....................
atheer1
  • #2,008
  • Jun 8, 2017 4:56pm Jun 8, 2017 4:56pm
I did notice that 250 pip bearish bar in GU related to election news............avoided GU trading this day because of this...............anyone was selling
atheer1
  • #2,009
  • Jun 8, 2017 5:05pm Jun 8, 2017 5:05pm
Quoting atheer1
I did notice that 250 pip bearish bar in GU related to election news............avoided GU trading this day because of this...............anyone was selling
Did not sell, OP sell setup just before rollover.. although risky with gaping usually happens on rollover's ..

One thing we know, and can say with confidence is the coming days and weeks will be good for volatility and moves for GBP market
It's in fear when people show what they truly value.
  • #2,010
  • Jun 8, 2017 5:14pm Jun 8, 2017 5:14pm
Thank you guys, everything is clear.
  • #2,011
  • Jun 8, 2017 5:51pm Jun 8, 2017 5:51pm
GU 1.2830-50 will be an interesting sell zone
atheer1
  • #2,012
  • Jun 8, 2017 6:55pm Jun 8, 2017 6:55pm
this GU volatility is insane............we may see 1.26 soon.............GU S is around 1.27
atheer1
  • #2,013
  • Jun 8, 2017 8:54pm Jun 8, 2017 8:54pm
volatility is very good indeed.. still not over. GBP.
It's in fear when people show what they truly value.
  • #2,014
  • Jun 9, 2017 4:10am Jun 9, 2017 4:10am
Sell UJ from 110.40...............scalp
atheer1
  • #2,015
  • Jun 9, 2017 4:23am Jun 9, 2017 4:23am
Quoting atheer1
EU great bearish pressure to break 1.12....................
broke well and sell was nice,, now more down but not today in my opinion..
It's in fear when people show what they truly value.
  • #2,016
  • Edited 5:23am Jun 9, 2017 5:06am | Edited 5:23am
Quoting ensale
{quote} broke well and sell was nice,, now more down but not today in my opinion..
1.1160-70 is the S now should break to go down further..............more likely to retrace for more sellers from above............revisit of 1.1230-40 may be on the play
atheer1
  • #2,017
  • Jun 9, 2017 6:07am Jun 9, 2017 6:07am
Quoting atheer1
{quote} 1.1160-70 is the S now should break to go down further..............more likely to retrace for more sellers from above............revisit of 1.1230-40 may be on the play
agreed.
It's in fear when people show what they truly value.
  • #2,018
  • Jun 9, 2017 7:16am Jun 9, 2017 7:16am
UJ at R and EU at S at the beginning of NY
atheer1
  • #2,019
  • Jun 9, 2017 8:02am Jun 9, 2017 8:02am
Quoting atheer1
UJ at R and EU at S at the beginning of NY
both are breaking
atheer1
  • #2,020
  • Jun 9, 2017 8:20am Jun 9, 2017 8:20am
UJ targeting 111..........while EU still trying to break 1.1160 if so 1.1120 next
atheer1
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