UCHF m1 {image}
This trade was off a nice H1 supply level above some highs with nice PA. DX also in a good supply level on H4.
- #2,741
- Edited 11:26am Oct 1, 2019 10:26am | Edited 11:26am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
This trade was off a nice H1 supply level above some highs with nice PA. DX also in a good supply level on H4.
- #2,745
- Edited 2:48pm Oct 1, 2019 2:24pm | Edited 2:48pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
{quote} hello everyone, first post on FF, been following posts here and hope you don't mind a few questions every now and then. how can I identify an engulfing? trying to understand how you pick the area(s) of entry it seems to be confusing me a bit here's a chart showing QM of your eurusd trade, entry on retest really looking forward to learning from you guys {image}
This thread has evolved over the years with other excellent traders who are also trading Supply / Demand plus Price Action.
The QM pattern is more of a nice to have, the icing on the cake. A tool for the toolbox. The problem I see is traders looking for QM's everywhere and then going to M5 or M1 to find them. The issue here is you can easily lose focus on the bigger picture.
Engulfing is the key as all fresh zones are created via strong engulfing candles. They can be used as entries or they can be use as retest levels.
In terms of EURUSD today, I would recommend focussing in on the PA (H1 or M30) where fresh demand was created and retested.
{quote} I realise this thread started by the legendary founding father Quidsey, primarily to trade the QM pattern. This thread has evolved over the years with other excellent traders who are also trading Supply / Demand plus Price Action. The QM pattern is more of a nice to have, the icing on the cake. A tool for the toolbox. The problem I see is traders looking for QM's everywhere and then going to M5 or M1 to find them. The issue here is you can easily lose focus on the bigger picture. Engulfing is the key as all fresh zones are created via strong...
thank you C-12 for your reply
my blue box on my chart was the engulfing on the H1 actually, I then dropped to lower time-frame for an entry which gave off the QM
As a little exercise, I will state on my charts the engulfing and you can correct me if I make any mistake identifying them as "Engulfing is the key" .....
sorry another question, do you wait for a retest of the engulfing or entry on the break?
- #2,748
- Oct 2, 2019 10:14am Oct 2, 2019 10:14am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
You can do both, zone touch or engulfing. The primary driver for direction is always D1 and H4.
- #2,749
- Oct 3, 2019 11:50am Oct 3, 2019 11:50am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Hit the target at good zone. Now where.
D1 showing some bullish engulfing, perhaps this can go more up.
D1 showing some bullish engulfing, perhaps this can go more up.
{quote} This is a good trade surely you were not sat on a 1 minute chart making these HH LL drawings to find this entry?
Your trade entries are incredible.
Could you please post your "dot"-indicator?
Thanks in advance.
Kind regards,
Thomas
- #2,755
- Oct 4, 2019 3:56am Oct 4, 2019 3:56am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
{quote} Can you show on the HTF why do you take the long trade at 1.08875?
The rest was just waiting for pullbacks and PA.
- #2,759
- Oct 5, 2019 4:31am Oct 5, 2019 4:31am
- Joined Nov 2016 | Status: Trader | 2,361 Posts
{quote} Sorry, don't understand if the demand on D1 who you say is correct. Tnx {image}
