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THE only Pattern

  • #2,121
  • Jun 19, 2017 12:32pm Jun 19, 2017 12:32pm
Quoting Mare
{quote} Hi atheer1, Based on entry numbers, you don't pay attention to pattern anymore, just on strength of levels?
not exactly..........but I see old patterns in relation to my entry..........and I enter upon retest of the level
atheer1
  • #2,122
  • Jun 19, 2017 1:08pm Jun 19, 2017 1:08pm
GU next S 1.27-1.2710 then 1.2650
atheer1
  • #2,123
  • Jun 19, 2017 1:11pm Jun 19, 2017 1:11pm
EU testing 1.1140-50 then 1.1120
atheer1
  • #2,124
  • Jun 19, 2017 1:36pm Jun 19, 2017 1:36pm
UJ R 111.50-60................112.00-10
atheer1
  • #2,125
  • Jun 19, 2017 1:40pm Jun 19, 2017 1:40pm
For GU failure of price to test 1.27 till London next day means that GU may look for up move again further than 1.28
atheer1
  • #2,126
  • Jun 19, 2017 6:17pm Jun 19, 2017 6:17pm
I traded the E/$ and G/$ today, as well as, the $/Yen which is noted below. I enter and exit on the 10M so my entries are not the same as others, but it works for me. Slightly different entry rules from this thread, but it's close enough.
Attached Image (click to enlarge)
Click to Enlarge Name: $Y.gif Size: 298 KB
  • #2,127
  • Jun 19, 2017 6:55pm Jun 19, 2017 6:55pm
Quoting GEfx
I traded the E/$ and G/$ today, as well as, the $/Yen which is noted below. I enter and exit on the 10M so my entries are not the same as others, but it works for me. Slightly different entry rules from this thread, but it's close enough. {image}
Nice trading...............would you mind to elaborate more on your technique
atheer1
  • #2,128
  • Jun 20, 2017 4:19am Jun 20, 2017 4:19am
Quoting atheer1
{quote} Nice trading...............would you mind to elaborate more on your technique
Sure. My trades are based on market structure on the 4H and 1H charts, and once that is clear to me, I use a combination of fib extensions, previous support and resistance levels and candle patterns to plan my trades. Entries are based on what PA is doing relative to structure, with technical analysis used to approximate what the bankers are doing, and will likely do, with TA limited to include a fib retracements hit or an exhaustion pattern, which is what I posted yesterday. I like to see that the patterns are playing out on the 10M chart, which often means letting the first one go but waiting for all the preceding patterns as they develop. I will continue to enter trades in a pair as the patterns develop to create a position, spread out across several trading accounts, which is my way of letting winners run (and if I am wrong, the losses are cut quickly). It's early so that may not be as complete an explanation as possible, but it's a start. Back to work, and good trading!
  • #2,129
  • Jun 20, 2017 4:53am Jun 20, 2017 4:53am
Quoting GEfx
{quote} Sure. My trades are based on market structure on the 4H and 1H charts, and once that is clear to me, I use a combination of fib extensions, previous support and resistance levels and candle patterns to plan my trades. Entries are based on what PA is doing relative to structure, with technical analysis used to approximate what the bankers are doing, and will likely do, with TA limited to include a fib retracements hit or an exhaustion pattern, which is what I posted yesterday. I like to see that the patterns are playing out on the 10M chart,...
thanks GEfx.............your response is greatly appreciated
atheer1
  • #2,130
  • Jun 20, 2017 5:04am Jun 20, 2017 5:04am
GU breaks through 1.27 and may test 1.2650 this day............... while EU still not breaking 1.1140-50.................for EU 1.1170 may be an obstacle to 1.12 retest.................UJ pulling back from 111.80 R to retest 111.30-40 then 110.90-111 area
atheer1
  • #2,131
  • Jun 20, 2017 8:00am Jun 20, 2017 8:00am
EU small range of 1.1140-60 waiting for the break
atheer1
  • #2,132
  • Jun 20, 2017 8:04am Jun 20, 2017 8:04am
EURUSD is in range since 2015 if you are asking me..bad market to be on if you are not scalper with sideways trading strategy
  • #2,133
  • Jun 20, 2017 8:15am Jun 20, 2017 8:15am
GU about to break recent low around 1.2650..................next S 1.26
atheer1
  • #2,134
  • Jun 20, 2017 8:24am Jun 20, 2017 8:24am
Lot of EU buyers from 1.1140-50.............are they betting on the losing horse?................we will see
atheer1
  • #2,135
  • Jun 20, 2017 8:32am Jun 20, 2017 8:32am
Quoting atheer1
Lot of EU buyers from 1.1140-50.............are they betting on the losing horse?................we will see
They are strong, seem to be.. possibly a break either way before a charge another way.. like UCAD yesterday... summer range play.. as we test the high/low a little break to take tight stops is expected either way...
It's in fear when people show what they truly value.
  • #2,136
  • Jun 20, 2017 8:40am Jun 20, 2017 8:40am
Quoting ensale
{quote} They are strong, seem to be.. possibly a break either way before a charge another way.. like UCAD yesterday... summer range play.. as we test the high/low a little break to take tight stops is expected either way...
I think it is a matter of time and they will loose............it is an exhaustion battle............always I am prepared to be wrong
atheer1
  • #2,137
  • Jun 20, 2017 8:45am Jun 20, 2017 8:45am
Quoting atheer1
{quote} I think it is a matter of time and they will loose............it is an exhaustion battle............always I am prepared to be wrong
Value the thought's .. thank you.
It's in fear when people show what they truly value.
  • #2,138
  • Jun 20, 2017 9:05am Jun 20, 2017 9:05am
EU bulls by gathering early at 1.1140-50 will make 1.1120 vulnerable to the attack so we may see 1.1080 soon
atheer1
  • #2,139
  • Jun 20, 2017 10:08am Jun 20, 2017 10:08am
Quoting atheer1
{quote} I think it is a matter of time and they will loose............it is an exhaustion battle............always I am prepared to be wrong
It's in fear when people show what they truly value.
  • #2,140
  • Jun 20, 2017 11:36am Jun 20, 2017 11:36am
Traded the GBP/$ and GBP/Yen this morning, and took the $/Yen trade from yesterday off. Here is the GBP/$ trading, all three trades are off on the hit of the target:
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