Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Price pattern scanner where I choose the pattern 4 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Price Action and Chart Pattern Trading 5 replies

Am i under under-capitalized? 6 replies

Price action pattern, and random thoughts 6 replies

Attachments: Up and under price pattern
Exit Attachments

Up and under price pattern

  • Post #1
  • Quote
  • First Post: Aug 28, 2013 6:41am Aug 28, 2013 6:41am
Hi, I call this pattern an "Up and Under" (I'm a rugby fan) but you may have seen it with other names, "Quasimodo" on RTM, or as an "Over and Under pattern" explained very well by Steve at NBT.

Call it whatever you want, but if you're looking for a price pattern to trade you might want to give it a look.

It's a very simple pattern so it's easier if I explain by charts, but obviously there are discretionary variables with the pattern that will be different for every trader so this thread is really a 'pattern promo' if you like, then you guys find out what works for you and hopefully go make some money.

I hope traders who already trade this pattern will share their insights.

I've tried to use recent PA in these examples, I use the M30.

The charts

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_EURUSD_2013-08-27_13-37-30.png Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_EURUSD_2013-08-27_15-12-42.png Size: 54 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_EURUSD_2013-08-27_16-54-37.png Size: 60 KB
Don't expect them all to work, they don't, but often if you're willing to be bold you can have a go at getting back what you've lost. This is calculated, it's not a revenge trade.

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_USDJPY_2013-08-27_20-39-24.png Size: 49 KB
The shiny stuff works well.

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_XAUUSD_2013-08-27_20-16-32.png Size: 30 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_XAUUSD_2013-08-27_20-21-40.png Size: 30 KB
The USDJPY today.

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_USDJPY_2013-08-28_09-47-16.png Size: 48 KB


Down on the M10

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_USDJPY_2013-08-28_09-48-42.png Size: 37 KB
usdcad m30

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_USDCAD_2013-08-28_13-07-48.png Size: 40 KB
eurjpy M30

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_EURJPY_2013-08-28_13-40-24.png Size: 26 KB
usdnok m30

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_9348465_USDNOK_2013-08-28_14-15-47.png Size: 30 KB
Thanks!

Quoting Quidsey
The shiny stuff works well. {image} {image}

hello

following

stupid question = do u have an indi ? please

regards
:peace: BROKENGLISH
I love clean charts, and clean price action trading. Quasimodo trading as others like to call it, very nice,I hope this thread is seen by other traders especially new ones before they see indicators... keep it up
Quoting recidiviste
{quote} hello following stupid question = do u have an indi ? please regards
Hi, I only use horizontal lines and sound alerts. The pretty colours on the example charts are just there to help show the different segments of the set-up.

Tu es vraiment un recidiviste?
Thanks
Quoting srt
Thanks!
Hope it helps.
Quoting Paraipan
I love clean charts, and clean price action trading. Quasimodo trading as others like to call it, very nice,I hope this thread is seen by other traders especially new ones before they see indicators... keep it up
Cheers appreciate your support.
Quoting Quidsey
{quote} Hi, I only use horizontal lines and sound alerts. The pretty colours on the example charts are just there to help show the different segments of the set-up. Tu es vraiment un recidiviste?

recidiviste = yes really = i married 2 times.....



dingue !
:peace: BROKENGLISH
Very Good Setup I use Something like this But the main Good thing about this method is we can Set Tight Sl And Set Large Tp
You Must Love CandleSticks ;)
bon courage!

18 years together, 2 kids and still can't face taking mine up the aisle
Quoting AmirShahiN
Very Good Setup I use Something like this But the main Good thing about this method is we can Set Tight Sl And Set Large Tp
Exactly AmirShahiN! the Risk to Reward ratio is often very good. No one likes to take a hit, but we have to accept that it's going to happen, if we can keep it small so much the better.

Please feel free to post any of your set-ups using this pattern.
Quoting Quidsey
{quote} Exactly AmirShahiN! the Risk to Reward ratio is often very good. No one likes to take a hit, but we have to accept that it's going to happen, if we can keep it small so much the better. Please feel free to post any of your set-ups using this pattern.
Tnx . You know these Things in Market Usually Happen at Area When Past Moving Avrages Broken With out Retrace and When in The Future Price will Meet that Area Something like this Will Happen !... Something like your Setups ! I still Study these Phenomena To understand Why this Will happen Bytheway one of The Main reasons is what i said .
I keep Watching your Threat
You Must Love CandleSticks ;)
Quoting AmirShahiN
{quote} Tnx . You know these Things in Market Usually Happen at Area When Past Moving Avrages Broken With out Retrace and When in The Future Price will Meet that Area Something like this Will Happen !... Something like your Setups ! I still Study these Phenomena To understand Why this Will happen Bytheway one of The Main reasons is what i said . I keep Watching your Threat
Hi Amir, this type of move is very often in the market to take as many stops as possible before a proper move is made.
1 trader viewing now