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Up and under price pattern

  • #3,361
  • Nov 11, 2020 6:52pm Nov 11, 2020 6:52pm
Quoting Inthebox
and now for swing trader, only one question. would you have waited patiently for a probable d1 bearish qm yesterday??? no cheating. {image}
guys, if i were to place one more horizontal line, it will completely change most mindsets.
what is that line?
you will regret not selling at that moment.
which moment?
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,362
  • Nov 11, 2020 7:51pm Nov 11, 2020 7:51pm
Quoting Inthebox
{quote} if you suspect there's a supply zone in d1, why not go down to h4, if still not clear go down to h1. all this is to minimise the zone. d1 qm is also a h4 qm. look at the number of reactions to that line, proving it as good line to trade. h4 has a drop base drop zone. some people don't like to trade dbd zone. then go to h1, it becomes h1 supply zone. h1 placement of SL would become much smaller, with better entry. {image}
The DBD Supply zone (139.65 to 140) is clear in H4 . An entry with relatively tight SL would have been stopped out since price went above the DBD zone by 30 pips and reacted from there. May thats a trap for all sellers!

Assuming the DBD Zone was traded with a limit order @ 139.65, where do you place the SL?
  • #3,363
  • Nov 11, 2020 8:08pm Nov 11, 2020 8:08pm
Quoting Inthebox
{quote} guys, if i were to place one more horizontal line, it will completely change most mindsets. what is that line? you will regret not selling at that moment. which moment?
gosh it is hard please keep the answer until end of day lemme think longer

i thought it was the m30 bearish QM near the peak. Then i was thinking the next support from the drop is at ~138.316 a good >90 pips before price will enter the value zones again.
  • #3,364
  • Nov 11, 2020 8:22pm Nov 11, 2020 8:22pm
Quoting Inthebox
{quote} guys, if i were to place one more horizontal line, it will completely change most mindsets. what is that line? you will regret not selling at that moment. which moment?
Is this the QM in M15? https://www.tradingview.com/x/1fVAEla7/
  • #3,365
  • Nov 11, 2020 8:35pm Nov 11, 2020 8:35pm
Quoting rmchokku
{quote} The DBD Supply zone (139.65 to 140) is clear in H4 . An entry with relatively tight SL would have been stopped out since price went above the DBD zone by 30 pips and reacted from there. May thats a trap for all sellers! Assuming the DBD Zone was traded with a limit order @ 139.65, where do you place the SL?
trading live m15 per charts.

why place limit order at supply zone and not d1 qm?
we are trading qm.
i do not really know what SL allowance to provide for h4 limit order trading.
maybe 30-50 pips SL above qm?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,366
  • Edited 8:59pm Nov 11, 2020 8:44pm | Edited 8:59pm
Quoting Inthebox
{quote} trading live m15 per charts. why place limit order at supply zone and not d1 qm? we are trading qm. i do not really know what SL allowance to provide for h4 limit order trading. maybe 30-50 pips SL above qm?
The Daily QM range is from 140.15 to 142.85. If the QM is traded as is without refinement in shorter timeframes, the SL would be at or above 143.

Considering that big range, if we refine the QM Zone in H4, we don't have a QM but only a DBD Zone (at the QML line).Going with entry & SL based on the DBD zone would have resulted in a SL trade is the scenario referred.

Was your entry based on candlestick in M15? If yes, then the SL would go above the candlestick.
  • #3,367
  • Nov 11, 2020 9:03pm Nov 11, 2020 9:03pm
Quoting rmchokku
{quote} The Daily QM range is from 140.15 to 142.85. If the QM is traded as is without refinement in shorter timeframes, the SL would be at or above 143. Considering that big range, if we refine the QM Zone in H4, we don't have a QM but only a DBD Zone (at the QML line).Going with entry & SL based on the DBD zone would have resulted in a SL trade is the scenario referred.
we have different views here.
qm sptted in d1, which is also h4 qm and also h1 qm, down to m1.

for live trading, supply zone is only acting as a filter to add confidence for trade.
it is playing a secondary role.
qm is having the primary role.

i don't trade limit order.
so whatever i presented here is meant for live trading.

for limit order, different, i would ignore supply demand zones, except one.
the one that QM falls within the zone.
then SL placed beyond that particular zone, since we are unable to analyze any price action when away from computer.

another thing is that resistance zone and supply zone is completely different thing.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,368
  • Nov 11, 2020 9:45pm Nov 11, 2020 9:45pm
Quoting Inthebox
{quote} we have different views here. qm sptted in d1, which is also h4 qm and also h1 qm, down to m1. for live trading, supply zone is only acting as a filter to add confidence for trade. it is playing a secondary role. qm is having the primary role. i don't trade limit order. so whatever i presented here is meant for live trading. for limit order, different, i would ignore supply demand zones, except one. the one that QM falls within the zone. then SL placed beyond that particular zone, since we are unable to analyze any price action when away...
Yes, i see the difference. I'm taking up QM and Zones in a different manner (on trial & error basis) whereas yours is exclusively on QM.

H4 QM: Would you refine & mark the QM like this? https://www.tradingview.com/x/aoXnD1W3/ or the same Dly QM drawing stays as-is for H4 and H1 QM?
  • #3,369
  • Nov 11, 2020 9:56pm Nov 11, 2020 9:56pm
Quoting tommydoginti
{quote} gosh it is hard please keep the answer until end of day lemme think longer
the best kind suspense is "hanging in suspense". LOL.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,370
  • Nov 11, 2020 10:08pm Nov 11, 2020 10:08pm
Quoting Inthebox
{quote} the best kind suspense is "hanging in suspense". LOL. {image}
now i am seeing all QMs...

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  • #3,371
  • Nov 11, 2020 10:10pm Nov 11, 2020 10:10pm
Quoting rmchokku
{quote} H4 QM: Would you refine & mark the QM like this? https://www.tradingview.com/x/aoXnD1W3/ or the same Dly QM drawing stays as-is for H4 and H1 QM?
the latter. qm stays the same.
it's like d1=grandfather, h4=father, h1=son.
listen to higher time frame grandfather, since that was the highest time frame that spotted the qm.
another tip is use fibonacci.
the pull back was up to 75 and did not go beyond 78.6 fib.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,372
  • Nov 11, 2020 10:13pm Nov 11, 2020 10:13pm
Quoting tommydoginti
{quote} now i am seeing all QMs... {image}
hahaha ....... you got sense of humor man.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,373
  • Nov 11, 2020 10:21pm Nov 11, 2020 10:21pm
Quoting Inthebox
{quote} the best kind suspense is "hanging in suspense". LOL. {image}
Nice one both of you!
  • #3,374
  • Nov 11, 2020 10:34pm Nov 11, 2020 10:34pm
i think that's all i can contribute.

going forward, what i would like to see is people doing this for discussion by all.
no right or wrong answer. purpose is to exchange views.

https://www.forexfactory.com/thread/...9#post13256809
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,375
  • Nov 11, 2020 10:56pm Nov 11, 2020 10:56pm
Yes, that will definitely help in the learning
  • #3,376
  • Nov 11, 2020 11:19pm Nov 11, 2020 11:19pm
I am more than happy to share my ideas. Just please don't feel to stupid to talk to beginners like me
  • #3,377
  • Nov 12, 2020 1:31am Nov 12, 2020 1:31am
Let's move on!

EU: 1 Missed winning trade, 1 loss
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GU: Winning trade. Small pull back is enough to bank 1.6R after spread (2.1R raw)
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+0.6R for now.

My jaws are closing on UJ and EJ Let's see how it goes. Again for now I ignore any S/L, S/D just pattern recognition, just a bunch of limit orders waiting to be triggered or cancelled
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  • #3,378
  • Nov 12, 2020 1:56am Nov 12, 2020 1:56am
Hey, I just closed uc with nice r:r.
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  • #3,379
  • Nov 12, 2020 2:11am Nov 12, 2020 2:11am
Quoting Garrus
Hey, I just closed uc with nice r:r. {image} {image}
good on you. May I ask how you determined the exit?
  • #3,380
  • Nov 12, 2020 2:18am Nov 12, 2020 2:18am
Quoting tommydoginti
{quote} good on you. May I ask how you determined the exit?
This is not easy to say...I try to look at s&r zones and etc. And I try to keep higher r:r then 1:1.
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