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Up and under price pattern

  • #3,281
  • Oct 27, 2020 5:13pm Oct 27, 2020 5:13pm
Quoting rmchokku
{quote} Thanks Fex, what are the aspects do you look in HTF, supply/demand zones or support and resistance?
The "aspects" that I look at in HTF are exactly the same as in LTF (both can offer good trades) (consider that HTF and LTF is a way of "simplifying" colloquially speaking ...).
I guess what I am looking for and marking on my graphs is my particular way of looking at PA. After all, I am looking for the confluence of 3 (rarely 2) levels of the "zones" to enter the market (manually or pending orders). Lately (finishing the tests ...).
I have added other "levels" of confluence, based on pure statistics PA, very curious and interesting (what does the PA do 80-90% of the time).
This is just my way of proceeding, each one must develop their own. I don't think there is a faster way.
hope this help
resgards
Newbie trader
  • #3,282
  • Oct 27, 2020 7:10pm Oct 27, 2020 7:10pm
Quoting maziarb
Whats your mind about EURNZD daily
let's see your view and chart first.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,283
  • Oct 28, 2020 11:36pm Oct 28, 2020 11:36pm
Hi. I am done for the week as no time to chart until next week. Lemme share what I did with this strategy this week.
I only identified few QM this week with the 8 pairs I trade: EU, GU, EG, AU, UJ, GJ, UC, EJ. Not as good as others here that can monitor many pairs at a time~

Any thoughts and comments would be welcome

EU: I didn't noticed any QM. In hindsight, maybe there was one on Monday that may have brought 2 wins?
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GU: One loss
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EG: interesting week. Potentially 3 wins. 1 straight win. I was too early to thing the small QM opportunity for buy was expired, so cancelled the order. The QM opportunity for sell supposed to be a win, but missed the entry by a pip. My entries are defined to be the mid-point of the wick zone.
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UJ: Loss 1, Missed 2.
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AU: Win 1, one pending order. Probably will cancel it soon as price dropped a lot. Will you keep it if you were me?
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GJ: Win 1 in 5 min chart
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My eyes are too bad to see any QM on EJ and UC this week

Hope you all have a nice trading week!
  • #3,284
  • Oct 29, 2020 8:22am Oct 29, 2020 8:22am
Quoting tommydoginti
My eyes are too bad to see any QM on EJ and UC this week Hope you all have a nice trading week!
maybe watching qm in higher time frames can help?
or when qm happened on htf, then go to lower time frame to look for qm.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,285
  • Nov 1, 2020 5:59pm Nov 1, 2020 5:59pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,286
  • Nov 1, 2020 7:01pm Nov 1, 2020 7:01pm
Quoting Inthebox
{quote} maybe watching qm in higher time frames can help? or when qm happened on htf, then go to lower time frame to look for qm. {image}
Yes thanks! Lemme try to use MTF confirmation this week!
  • #3,287
  • Nov 2, 2020 3:24am Nov 2, 2020 3:24am
Quoting Inthebox
{image}
upon seeing h1 qm, traded m15 qm during asia session.
TP at m15 support for around 20-30 pips.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,288
  • Nov 2, 2020 5:30am Nov 2, 2020 5:30am
d1/h4 qm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,289
  • Nov 2, 2020 8:36am Nov 2, 2020 8:36am
Quoting Inthebox
d1/h4 qm {image}
found one qm in m5.
day trade to support for around 20-30 pips.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,290
  • Nov 2, 2020 7:02pm Nov 2, 2020 7:02pm
about drawing lines.
horizontal (support/resistance, demand/supply) and slanting (trend line).
i had drawn this to show that there are many types.
quasimodo (qm) is one of them.
it can work out rather well by focusing on qm using mtf, if you missed the htf qm.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,291
  • Nov 2, 2020 7:26pm Nov 2, 2020 7:26pm
Quoting Inthebox
about drawing lines. horizontal (support/resistance, demand/supply) and slanting (trend line). i had drawn this to show that there are many types. quasimodo (qm) is one of them. it can work out rather well by focusing on qm using mtf, if you missed the htf qm. {image}
thanks for sharing more on the qm concept! I am now training myself on the most basic qm pattern, but your other levels are definitely on my watch list to learn more!
  • #3,292
  • Nov 2, 2020 7:29pm Nov 2, 2020 7:29pm
Quoting tommydoginti
{quote} thanks for sharing more on the qm concept! I am now training myself on the most basic qm pattern, but your other levels are definitely on my watch list to learn more!
if you are trading on ltf, remember to look at h1 and upward.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,293
  • Nov 2, 2020 9:08pm Nov 2, 2020 9:08pm
Quoting Inthebox
{quote} if you are trading on ltf, remember to look at h1 and upward.
Will do! Coz I am pretty impatient and cannot help it, so I am more comfortable checking a chart at 15m or lower TF with 2 strategies as of what I am adapting currently. But yes higher time frame as first filter is a help! Thanks for your advice!
  • #3,294
  • Nov 2, 2020 10:09pm Nov 2, 2020 10:09pm
careful on this one as today there was a aud rate cut.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,295
  • Nov 3, 2020 2:01am Nov 3, 2020 2:01am
Quoting Inthebox
careful on this one as today there was a aud rate cut. {image}
i indicated the location to sell.
did you have the patience to wait till price get there?
anyone caught this?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,296
  • Nov 3, 2020 10:04am Nov 3, 2020 10:04am
would this be a valid Quasimodo setup ?
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  • #3,297
  • Nov 3, 2020 10:16am Nov 3, 2020 10:16am
Quoting Tragruel
would this be a valid Quasimodo setup ? {image}
yes. bullish qm. also had one before this (edit: the one before was not qm as the left shoulder high was not taken out at that point in time).
also a potential bearish qm above.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,298
  • Nov 3, 2020 5:59pm Nov 3, 2020 5:59pm
if the above had been traded on m15, it would have gotten 35-45 pips.
another one may be coming.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,299
  • Nov 3, 2020 7:08pm Nov 3, 2020 7:08pm
anyone taken the h4 usdcad qm?
another 35-45 pips.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,300
  • Nov 3, 2020 7:52pm Nov 3, 2020 7:52pm
if price ever comes down, potential bullish qms.
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ITB - Seeing Orderliness amongst 'Randomness'
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