QB's Reversal Method | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is There Any Simplest Method To Success In Forex? 63 replies

bo7a method... method for GBP/JPY 205 replies

(Method) Trading Systems 1 reply

Inquiry of 400:1 leverage method 11 replies

Simple trading method 49 replies

Attachments: QB's Reversal Method
Exit Attachments

QB's Reversal Method

  • #121
  • May 6, 2020 9:10am May 6, 2020 9:10am
Quoting FxQB15
I have not posted here for a while but I will from now on. I have a few live trades going in the chart below is my short trade on EUR/USD. I took this based on engulf, but I did have a nice failure off the DT to take action on one candle prior. I typically look for 100 pips which in this case should be right around the support line below but I will as always wait to see if it crashes through that if not then I bank. {image}
Closed for +85... it approached a key support level coincided with pretty close to recent support. so good enough profit to bank right there.. if it drops much lower so be it, it's got a lot of hurdles tho.
Nobody ever made a dime by panicking. Jim C
  • #122
  • May 6, 2020 9:24am May 6, 2020 9:24am
EUR/GBP long... just too this long as I had missed the entry late last week so now I saw price bounced off the recent sup for the third time so I took it once it crossed the apr30th P-candle.
I look to bank at the res on top well good enough +100 but if does break away it could see mega profit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 22 KB
Nobody ever made a dime by panicking. Jim C
  • #123
  • May 6, 2020 9:43pm May 6, 2020 9:43pm
I did well on all trades I have taken this week except this one USD/CAD. When a trade goes FO I just look to survive it, therefore I set the TP at BE I let it get there... even if I have to reenter I want to be hit out of this trade, it's a psyche thing.
My ace for this week so far is the G/U trade looking strong at +130, one more leg up today will be great, then I have the luxury to lock my 100 and let it ride for more possibly 300+.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 24 KB
Nobody ever made a dime by panicking. Jim C
  • #124
  • May 7, 2020 11:46am May 7, 2020 11:46am
Quoting FxQB15
I did well on all trades I have taken this week except this one USD/CAD. When a trade goes FO I just look to survive it, therefore I set the TP at BE I let it get there... even if I have to reenter I want to be hit out of this trade, it's a psyche thing. My ace for this week so far is the G/U trade looking strong at +130, one more leg up today will be great, then I have the luxury to lock my 100 and let it ride for more possibly 300+. {image}
Survived this one from 100pips FO. I did not expect it to drop so soon I thought it will take a few days. Now I wish I was still in my short trade not only survived dropped another 100 almost. However I don't worry about that since in the long run, it's the right play. The fact is we can only go by what we see and make decisions for the moment. I did not like the strong bull candle against my trade so I moved the BE move and totally fine with it.
I look at it this way: I basically survived a 100pips being hit if my style of trading was with Stops. another great example of how much it saves you when you don't limit yourself in this fx market. so the trade is actually a +100 for me.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 25 KB
Nobody ever made a dime by panicking. Jim C
  • #125
  • May 7, 2020 7:11pm May 7, 2020 7:11pm
EUR/USD long... just got triggered on this pair with my p-candle formation and the triple bottom does not hurt for extra confirmation. I made 85pip on the way down this week now hopefully get my 100+ on the way up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 24 KB
Nobody ever made a dime by panicking. Jim C
  • #126
  • May 8, 2020 9:24am May 8, 2020 9:24am
Jpy is getting hammered for time being across the board... I took action on NZD/JPY & CAD/JPY both doing great at 75+ a chance to get to recent resistance and possibly breakout for mega-profits. Both trade with P-Candle formation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 23 KB
Click to Enlarge Name: NZDJPYDaily.png Size: 22 KB
Nobody ever made a dime by panicking. Jim C
  • #127
  • May 11, 2020 9:58am May 11, 2020 9:58am
This is a trade that went wrong for me and when that happens I only try to survive it for first and most before anything else, therefore I have my tp BE. In this situation, the price has bounced off the recent resistance engulfing pretty nicely. However, even in such a situation, I will still let it kick me out even though most likely I will enter short as a new trade in the same area depending on where the D1 candle closes.

Good week of trading for all.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 23 KB
Nobody ever made a dime by panicking. Jim C
  • #128
  • May 11, 2020 10:12am May 11, 2020 10:12am
EUR/CAD long... just got triggered long on this pair. I made money with it on the way down now looks like heading up to test the recent res. All the confluences are there, p-candle, engulf, DB.


Trade well.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 22 KB
Nobody ever made a dime by panicking. Jim C
  • #129
  • May 11, 2020 11:41am May 11, 2020 11:41am
Following.. make a pdf for your strategy..
Nice thread
  • #130
  • May 11, 2020 12:04pm May 11, 2020 12:04pm
i have read your whole thread... i ahve sone confusions
Attached Image (click to enlarge)
Click to Enlarge Name: 1589223814042.jpg Size: 109 KB
  • #131
  • May 11, 2020 7:01pm May 11, 2020 7:01pm
Quoting BDfx77
Following.. make a pdf for your strategy.. Nice thread
Thank you and good on pdf
Nobody ever made a dime by panicking. Jim C
  • #132
  • May 11, 2020 7:13pm May 11, 2020 7:13pm
Quoting FxQB15
{image}
Love that.. You're 100% right.
  • #133
  • Edited 8:10pm May 11, 2020 7:18pm | Edited 8:10pm
Quoting BDfx77
i have read your whole thread... i ahve sone confusions {image}
The quick answer is simple I go short on the first box and long on the second box... in between, there are a couple of more opportunities going long and short.. and I will close for profit once I see constant bounce off from levels... you know I look for 100 pips unless it gives me more without too much stress.. I don't look to take a direction and a stay with it till next great thing comes out, lol.
However, it is not your duty to trade every pair nor the one that looks as chaotic as this one by just simply looking at the chart. I mean good-god you got a 700pips wick, lol it's wise to stay away from such charts, basically, there are 3 months of crazy long wicks action to this day... during the same time you got at least 20 other pairs that are smooth as butter to trade on. However, if you would have traded all the opportunities you still would have come out ahead counting the last long trade that you would be in the dog fight surviving mood atm.
I do not trade this pair at all and for two reasons... 1. the spread is very high 2. It is generally a very wild pair, simply you got two very wild currency going at each other pound and newyzy.
Now, since you are following my method you would want to exercise the P-candle formation more than others. If you apply that in this very chart you would be better off as wild as this is.
if you really want I can post up a chart with marked pcandle signals to make clear.

Trade well.
Nobody ever made a dime by panicking. Jim C
  • #134
  • May 11, 2020 7:42pm May 11, 2020 7:42pm
Quoting FxQB15
This is a trade that went wrong for me and when that happens I only try to survive it for first and most before anything else, therefore I have my tp BE. In this situation, the price has bounced off the recent resistance engulfing pretty nicely. However, even in such a situation, I will still let it kick me out even though most likely I will enter short as a new trade in the same area depending on where the D1 candle closes. Good week of trading for all. {image}
Ok so I survived the beast, it went against me for 130+pips or so likely bounced off the top which I was watching that level to see how it reacts. However, as I have mentioned above even though it's a perfect signal short at the pretty much same price but I rather get kicked out of that doomed trade and reenter at a new trade. It is a psyche thing for me, I take joy and pride when I survive a loser, it pumps me, in fact, it is as good as a winner for me bcz I have saved a stop-out and I save a lot of them which makes up for occasional big one that I will give away at some point in a year.
If you count your stop-outs and the profit opportunities that you have lost on due to getting stopped to only go in your direction later on you see why I trade without it.
anyways, my stuff is out of the box and may not be recommended, but if you are following here I gotta lay it out, its all live-action too. There are some silent followers how pm me but I only reply back in the thread for the benefit of all I hope no one get offended.

Trade well,
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 23 KB
Nobody ever made a dime by panicking. Jim C
  • #135
  • May 11, 2020 8:05pm May 11, 2020 8:05pm
Quoting BDfx77
i have read your whole thread... i ahve sone confusions {image}
Hi buddy, for furthermore to make my point... in the same duration which I call it the March madness, lol (all craziness due to corona) if you look at the GBP/USD, GBP/JPY, GBP/CHF, EUR/GBP (I was in a several of these trades and made mega profit, the charts are in the thread) and a few other pairs you witness much much more smoother action... one short signal straight shot for 1000+... so you can easily avoid the chaotic one like GBP/NZD and such.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 38 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 33 KB
Click to Enlarge Name: GBPJPYDaily.png Size: 34 KB
Nobody ever made a dime by panicking. Jim C
  • #136
  • May 11, 2020 8:17pm May 11, 2020 8:17pm
Quoting FxQB15
Jpy is getting hammered for time being across the board... I took action on NZD/JPY & CAD/JPY both doing great at 75+ a chance to get to recent resistance and possibly breakout for mega-profits. Both trade with P-Candle formation. {image} {image}
I closed both of these trades for +70 each as jpy-against did not quite pan out... struggled to break out the recent resistant convincingly.. 70+ is cool with me for 3day work.
Nobody ever made a dime by panicking. Jim C
  • #137
  • May 11, 2020 8:24pm May 11, 2020 8:24pm
I am triggered for two new trades today nzd/usd as I have posted already and aud/usd... in this one I got both formations Engulf and pcandle with a DT extra confluence on top of it, I feel good about it and hopefully this time it goes for the support 200 pips out and of course the possible breakout.
I look to book about some 300+ profits in the span of a year to offset the occasional big losses that I may/will endure.
This is a war for me that I go at it with a passion to win therefore you atta plan ahead by a few steps, if not more... if it does A & B to me I got C & D for it and E and F to put the hammer on it and round and round we go. I love it
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 22 KB
Nobody ever made a dime by panicking. Jim C
  • #138
  • May 11, 2020 10:38pm May 11, 2020 10:38pm
A picture worth a thousand words.
If you stay the course you will taste success, because the beast will not move as smoothly as we like. That means surviving all those curves and deceives by sticking to your game plan, trusting it, believing it, and growing confidence within it and within.
Ask for me as an example, it came down to removing the Stops-loss completely from my trading in order to bypass the hurdles in this picture. I learned to know I can not figure out the beast's evil nature accurate enough to be a consistent earner, in the long run, period. It took years for such notice, it came to a point to confront myself with the truth, the truth about me and market behavior as the way I saw it and experienced, assessing me; the skill level, the psychological tolerance. I can not bear through getting stopped out consistently to only watch the market go in my intended direction almost every damn time, it kills me in every possible way you can imagine, but, I can bear through a 500 pips DD for a month if what it takes to exit on my term, profit or loss. So, I replaced the No SL style with sounder Risk Management, better Trade Management, longer TF (D1+) trading, finer entry point yet a simple one, and above all, trading at psychological ease, longer TF, and shorter screen time will give you that luxury.
It's different for everyone. I simply was not good enough to profit consistently inside the curves and learned to know I don't even want too, or to spent most of my life in front of the screen. You trade to live not live to trade.

Trade well.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-05-11 QB's Reversal Method - Page 7 Forex Factory.png Size: 81 KB
Nobody ever made a dime by panicking. Jim C
  • #139
  • May 11, 2020 11:05pm May 11, 2020 11:05pm
thankyou QB..
one more question pcandle can be traded on lower tf?
  • #140
  • May 11, 2020 11:15pm May 11, 2020 11:15pm
Quoting BDfx77
thankyou QB.. one more question pcandle can be traded on lower tf?
NO NO... D1 and above.
I consider one full day of data as somewhat reliable enough to take action depending on formations loaction (swing H/L, structure levels, macd divergence etc,)
Nobody ever made a dime by panicking. Jim C
1 trader viewing now