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Up and under price pattern

  • #2,181
  • Apr 25, 2019 4:51am Apr 25, 2019 4:51am
Hi guys,

i am in this gbpjpy trade but no reaction so far. My stop might be too tight. Let's see.
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  • #2,182
  • Apr 25, 2019 5:00am Apr 25, 2019 5:00am
Quoting gopal33200
QM ACCURACY IS LESS THAN 50 PERCENT ONLY it works good in few pairs some pairs it will make many loss then win choose usd pairs alone and trade not all 28 pairs choose 1 time frame alone sl will hit many times more than 50 percent to 60 percent 40 percent you win that the game here if you cannot win not even 40 percent then leave qm there is no secret or special code in qm
The key to the QM is an engulfing bar.
  • #2,183
  • Apr 25, 2019 6:14am Apr 25, 2019 6:14am
Quoting mallee
{quote} The key to the QM is an engulfing bar.

Can you give an example mallee ?
  • #2,184
  • Apr 25, 2019 12:56pm Apr 25, 2019 12:56pm
Quoting mallee
{quote} The key to the QM is an engulfing bar.
How do you mean this?
  • #2,185
  • Apr 25, 2019 10:39pm Apr 25, 2019 10:39pm
Quoting mallee
{quote} The key to the QM is an engulfing bar.


engulfing bar is an stragety related to qm so its also fail many times in many pairs i know people money for engulfing bar alone it also an stragety not any special theory of trading
  • #2,186
  • Apr 26, 2019 12:21am Apr 26, 2019 12:21am
Quoting gopal33200
{quote} engulfing bar is an stragety related to qm so its also fail many times in many pairs i know people money for engulfing bar alone it also an stragety not any special theory of trading
I know the engulfing bars.
But how do you combine the qm and engulfing?
  • #2,187
  • Apr 26, 2019 3:06am Apr 26, 2019 3:06am
Quoting Pervaz
{quote} Can you give an example mallee ?
Best I could come up with atm.
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  • #2,188
  • Apr 26, 2019 5:33am Apr 26, 2019 5:33am
Quoting gopal33200
{quote} engulfing bar is an stragety related to qm so its also fail many times in many pairs i know people money for engulfing bar alone it also an stragety not any special theory of trading
Y must be positive ok...if u have anything better then speak up not criticise
  • #2,189
  • Apr 29, 2019 11:15pm Apr 29, 2019 11:15pm
Good Stuff
  • #2,190
  • Apr 30, 2019 1:18am Apr 30, 2019 1:18am
Thoughts anyone? DM looks like in play taking out those stops on top on SPX

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Entities should not be multiplied without necessity - Occam's razor
  • #2,191
  • May 2, 2019 9:27am May 2, 2019 9:27am
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  • #2,192
  • May 2, 2019 9:32am May 2, 2019 9:32am
Sometimes worth posting clean setups that still fail. To me this was a good setup but almost instantly failed!
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  • #2,193
  • May 2, 2019 9:41am May 2, 2019 9:41am
Quoting Staffry
Sometimes worth posting clean setups that still fail. To me this was a good setup but almost instantly failed! {image}
Sure as shit,,,It happens
  • #2,194
  • May 2, 2019 9:46am May 2, 2019 9:46am
Asleep at the wheel on this one
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  • #2,195
  • May 2, 2019 9:49am May 2, 2019 9:49am
30 piper stop
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  • #2,196
  • May 2, 2019 9:53am May 2, 2019 9:53am
Pending JY
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  • #2,197
  • May 2, 2019 9:56am May 2, 2019 9:56am
Pending EC Tested once
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  • #2,198
  • May 4, 2019 6:19am May 4, 2019 6:19am
Quoting Staffry
Sometimes worth posting clean setups that still fail. To me this was a good setup but almost instantly failed! {image}
I think that we should always check the QM pattern with the supply and demand levels. When we have a strong supply level above a QM level, there is high probability that price will go past the QM level and ultimately reverse at the supply level. So we can use the QM level information to increase our confidence that a supply or demand level is going to hold.
  • #2,199
  • May 5, 2019 10:22pm May 5, 2019 10:22pm
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Hopefully the DM is really in play, LOL.
Entities should not be multiplied without necessity - Occam's razor
  • #2,200
  • May 5, 2019 10:30pm May 5, 2019 10:30pm
Quoting Pipsometer
{quote} I think that we should always check the QM pattern with the supply and demand levels. When we have a strong supply level above a QM level, there is high probability that price will go past the QM level and ultimately reverse at the supply level. So we can use the QM level information to increase our confidence that a supply or demand level is going to hold.
I'm on the same thought on this one....hence why I observe that the DM is the higher quality & probability play...
DM is explained by Mertch a few pages back (for those that doesn't know)....

...but this is a noob talking....discretion is advised
Entities should not be multiplied without necessity - Occam's razor
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