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QB's Reversal Method

  • #161
  • May 13, 2020 11:22am May 13, 2020 11:22am
Quoting FxQB15
{quote} 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...
nzd/usd short trade is looking good now. This is my second try in recent times to capitalize on the bear move, it's been messing around in this tight area for couple weeks now and it's about time to break out of this weak support head on to test the stronger support down lower. I like the strong d1 candle close at that level, now I can have a realistic expectation for the possible breakout. I really like to profit from the NZD because it has stagnant my capital for about 2weeks for no profit.

Capital Stagnation is one other element to keep track of when it comes to market trading, is your money flowing? measurement of time vs reward... it is a big part of risk management, it does not much to do with technical X's and O's but rather the health and flow of your portfolio (trading acc)... is it take too long to profit or to survive, maybe better to free up the capital for new opportunities, swap costs, etc.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 23 KB
Nobody ever made a dime by panicking. Jim C
  • #162
  • May 13, 2020 11:54am May 13, 2020 11:54am
write something about three inside up and down candle
  • #163
  • May 13, 2020 1:46pm May 13, 2020 1:46pm
Quoting BDfx77
write something about three inside up and down candle
I actually removed the 3inside from the 1st post bcz P-candle covers that. so we got two formations here; Engulf and P-candle... which P-candle is the dominating one. stick to it you all and you will be better off.

Trade well.
Nobody ever made a dime by panicking. Jim C
  • #164
  • May 13, 2020 1:51pm May 13, 2020 1:51pm
I am getting geared up for daily close candles to see if there are new opportunities to place an order for. I will talk about them in the following posts.

Trade well,
Nobody ever made a dime by panicking. Jim C
  • #165
  • May 13, 2020 4:21pm May 13, 2020 4:21pm
I see five pairs with the possible signal to set an order for. By the way, never set your orders in the 1st hour of d1 open candle. The reason is due to the wide spreads which could trigger you before the price even gets there at a higher price. So, I use the 1st hour to do my analysis and 2nd hr to place the orders.
The pairs I have placed an order on are: GBP/USD long, EUR/GBP short, GBP/CHF long, GBP/JPY short, AUD/CAD short.
Now if you notice GBP against usd,eur, chf are correlated so you may just want to take action on one of them, but I place order on all and assess afterward.

The following posts I'll show the charts of each pair why and where.

Mean time if you all could post charts of these pairs based on which formation am I going by and entry point would be good.


Trade well,
Nobody ever made a dime by panicking. Jim C
  • #166
  • May 13, 2020 7:19pm May 13, 2020 7:19pm
GBP/USD long order place based on P-candle formation (the blue box is the signal). I recognize the last prominent or strong candle in this recent bear move is what I have marked which I intend to long if its rejected wiped and covered with a new bull candle. The bounce off would also be noted as a DB on top of it for extra confirmation. So far that's the P-Candle to long off of.
The entry point from the closed price of the P-candle.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 22 KB
Nobody ever made a dime by panicking. Jim C
  • #167
  • May 13, 2020 8:45pm May 13, 2020 8:45pm
EUR/GBP short placed. This one is also P-candle but not a usual strong candle to account for one. Agree it's just a spinner and I would not have considered it a P-candle if it was not at a structure level. This is clearly a rejection of the recent resistance which if PA follows to break the low it is more than ok to take a shot at for possible bear move.

The same explanation goes for GBP/CHF except it is a long trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 22 KB
Click to Enlarge Name: GBPCHFDaily.png Size: 22 KB
Nobody ever made a dime by panicking. Jim C
  • #168
  • May 13, 2020 9:22pm May 13, 2020 9:22pm
AUD/CAD short order placed. I tag the spinner hanging off the resistance as a go-to P-candle. Many touches with long wicks but not follow up for the bear move maybe this time who knows, the last thing I want to see is a major drop here without me in the ride, painful to watch, lol... if your not the first on the bus you be nothing but an audience. This is the P-candles whole purpose, your ticket to the bus.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 22 KB
Nobody ever made a dime by panicking. Jim C
  • #169
  • May 13, 2020 11:11pm May 13, 2020 11:11pm
Quoting FxQB15
Short on Gbp/Jpy, this is one of my Ace. I took this a little time before the chaos. I had all kinds of confluences... solid engulf of doji and the bar before, DT, mac divergence and M-formation. The full drop on this is ridiculous, 1800+ pips I am still in it at about 1300 now. at every 400 pips drop there is a hiccup but due to magnitude of trend strength and outside factor it was easy to stay in it for more gain. at the moment i see the strongest reversal move against it but Thursdays first bull candle against it close weak displays with huge...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_49.jpg Size: 59 KB
antimartingale is the best
  • #170
  • May 14, 2020 7:36am May 14, 2020 7:36am
Quoting Arttrade
{quote}{image}
Yes, why not? that is valid too and good for some profit. I just happen to not mark it in that particular pic bcz subject matter was the very last signal.
Good observation and thanks for posting.

Trade well,
Nobody ever made a dime by panicking. Jim C
  • #171
  • May 14, 2020 7:38am May 14, 2020 7:38am
i am trading p candle and engulf... Making good pips.. thanks QB
  • #172
  • May 14, 2020 7:41am May 14, 2020 7:41am
I want to learn more .. plz give me some reversal candelistcs thats works fine
  • #173
  • May 14, 2020 7:41am May 14, 2020 7:41am
Quoting BDfx77
i am trading p candle and engulf... Making good pips.. thanks QB
Good on you brotha... Your welcome.

Trade well,
Nobody ever made a dime by panicking. Jim C
  • #174
  • Edited 8:54am May 14, 2020 7:49am | Edited 8:54am
Quoting BDfx77
I want to learn more .. plz give me some reversal candelistcs thats works fine
Keep it simple. Just stick to the two here (engulf & P-candle), you be more than busy and fine. Plenty of examples throughout the thread and more to come as I live trade and post them, also the TE is there to check previous entry and exits footsteps to the tee.
I highly advise you to stick to D1... candlesticks formation works best in higher TF, you need one full day of data to account it as reliable. Engulf in 1h & 4h TF means nothing.
Nobody ever made a dime by panicking. Jim C
  • #175
  • May 15, 2020 8:48am May 15, 2020 8:48am
nzd/usd short trade paying off big time into 140+ profit and looking strong. When it was at the first resistance at about +80 I looked for a break out which yesterday end up with a Doji but the previous days strong close convinced me to keep it for the test of next level which where we at atm about +140 profit. Now if I get a strong close I will still keep it for more drop. Now if it was not Friday I would place a TP at BE but due to over weekend gap possibility I wait till Monday to do that. You trade with force and to win and not scared or too conservative otherwise your whole trading career becomes a fkn grind.

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
  • #176
  • May 15, 2020 8:55am May 15, 2020 8:55am
Quoting FxQB15
GBP/USD long order place based on P-candle formation (the blue box is the signal). I recognize the last prominent or strong candle in this recent bear move is what I have marked which I intend to long if its rejected wiped and covered with a new bull candle. The bounce off would also be noted as a DB on top of it for extra confirmation. So far that's the P-Candle to long off of. The entry point from the closed price of the P-candle. {image}
The g/u long order should be removed now since it dropped to a new level, the same goes for the other three GBP orders as well.

Trade welll,
Nobody ever made a dime by panicking. Jim C
  • #177
  • May 18, 2020 5:12pm May 18, 2020 5:12pm
Hi folks, I am not going to post much but I am heavily trading and you can follow along with the live TE. If you got questions I will reply to your posts.

Trade well,
Nobody ever made a dime by panicking. Jim C
  • #178
  • May 18, 2020 11:41pm May 18, 2020 11:41pm
Hello FxQB15. I see you are new in FF. Have you been trading this system for some months or is a new test?
It seems extremely easy to be consistent. Dont you think so?
  • #179
  • Edited 9:45am May 19, 2020 6:31am | Edited 9:45am
Quoting tbarper
Hello FxQB15. I see you are new in FF. Have you been trading this system for some months or is a new test? It seems extremely easy to be consistent. Don't you think so?
I have been a FF lurker for many years just never became member till recently due to quarantining and having time to contribute.
I have been trading since I was 19 years old and forex since 2005. I was not a consistent earner trading fx for the first a few years till I stoped trading short term and dropping Stop-loss out of my trading. So the answer to your question is, No it's not a test been trading this way for about 10 years and NO it's not easy, you still have to execute in a consistent manner. Trading successfully is not systematic nor automatic, at least not for me.
Nobody ever made a dime by panicking. Jim C
  • #180
  • May 19, 2020 7:34am May 19, 2020 7:34am
Quoting FxQB15
{quote} I have been a FF lurker for many years just never became member till recently due to quarantining and having time to contribute. I been trading since I was 19 years old and forex since 2005. I was not a consistent earner trading fx for the first a few years till I stoped trading short term and dropping Stop-loss out of my trading. So the answer to your question is, No it's not a test been trading this way for about 10 years and NO it's not easy, you still have to execute in a consistent manner. Trading successfully is not systematic nor...
I understand. In this case IŽll be following your TE. At least you are acting honestly and showing your trading. This is not easy to find nowadays.

Good Luck
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