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Up and under price pattern

  • #3,381
  • Nov 12, 2020 4:48am Nov 12, 2020 4:48am
Quoting Garrus
{quote} 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.
yea that is the hardest part...
  • #3,382
  • Nov 12, 2020 4:58am Nov 12, 2020 4:58am
Quoting Garrus
{quote} 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.
only garrus knows what i am talking about.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,383
  • Nov 12, 2020 5:09am Nov 12, 2020 5:09am
Quoting tommydoginti
{quote} yea that is the hardest part...
I think the bigger problem is location of qm. We need to have add confirmations to be sure that our qm has a chance for win.
  • #3,384
  • Nov 12, 2020 5:24am Nov 12, 2020 5:24am
my swing trade.
gj h1.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,385
  • Nov 12, 2020 6:59am Nov 12, 2020 6:59am
Quoting tommydoginti
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 {image} {image}
EJ
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,386
  • Nov 12, 2020 10:02am Nov 12, 2020 10:02am
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?
that horizontal line is big round number 140.00.
yeah, i know that behind the back of my mind ..... some how i could not retrieve it when needed ..... fall into disuse.
would you sell when price had gone up and came back down the d1 qm and brn 140.00?

good night.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,387
  • Nov 12, 2020 1:44pm Nov 12, 2020 1:44pm
I missed this trade...it was uc again. Look at charts.
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  • #3,388
  • Nov 12, 2020 5:05pm Nov 12, 2020 5:05pm
watch m5.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,389
  • Nov 12, 2020 5:32pm Nov 12, 2020 5:32pm
Quoting Inthebox
watch m5. {image}
Hi Inthebox, i guess you mean iQM marked on your chart...

i only play with EU and UJ, but NZDJPY also another qm in play/ed at weekly...

regards
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Newbie trader
  • #3,390
  • Nov 12, 2020 5:37pm Nov 12, 2020 5:37pm
Quoting fex
{quote} Hi Inthebox, i guess you mean iQM marked on your chart... i only play with EU and UJ, but NZDJPY also another qm in play/ed at weekly... regards {image} {image} {image}
yes m5 qm.
asia session good for jpy vs aud or nzd.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,391
  • Nov 12, 2020 7:01pm Nov 12, 2020 7:01pm
Quoting Inthebox
watch m5. {image}
Do you mean a break out of QM switches the zone from a support to resistance?
  • #3,392
  • Edited 7:33pm Nov 12, 2020 7:23pm | Edited 7:33pm
Quoting tommydoginti
{quote} Do you mean a break out of QM switches the zone from a support to resistance?
i had drawn a h4 line. what do you see?
that was a resistance, broke out upward, now price coming down to test the same zone line to see whether it can hold as a support.

then go down below all the time frames until you see something that capture your eyes.
h1 tells you anything?
all the way down to m5 or even m1 tells you anything?
what does each time frame below h1 tells you?
things like size of bullish candle, size of bearish candle, whether there's higher high higher low, etc .........
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,393
  • Nov 12, 2020 10:10pm Nov 12, 2020 10:10pm
the h1 qm has been invalidated.
however there may be some reaction toward 71.50 as support.
i will still look for lower time frame qm then.

whole of asia session till now, jpy is the strongest and nzd the weakest.
what a choice i had made, but one never know .....
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,394
  • Nov 13, 2020 2:48am Nov 13, 2020 2:48am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,395
  • Nov 13, 2020 10:07am Nov 13, 2020 10:07am
End of week with a “winning” BE at GJ

Why a win became a BE? Well I was so careless and forgot to include spread in the Buy limit... for this time! when I realized I was already in trade, but only after the pull back from my Entry to TP.
maybe price will go back to TP again, who knows? But I dont give my trades a second chance as of my rules

Lesson learnt. And more confidence in this strategy now. Have a nice weekend to all

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  • #3,396
  • Edited 5:08pm Nov 13, 2020 4:47pm | Edited 5:08pm
Quoting tommydoginti
Lesson learnt. And more confidence in this strategy now. Have a nice weekend to all {image}
lesson learnt.
this is a question i ask myself from time to time: what lesson did i learnt from my last mistake?

the following is my personal view.

we are here in this thread because we know that this method gives us a trading edge.
or is it really so?
after a few tries, it does not work for me frequently enough.
or it gives me more losses than winnings.
doubts coming into the mind.
if something gives you an edge, it does not mean taking every set ups will give you winning trades.

so how? how?

we have to sift the chaff from the wheat.

fill in the blanks yourself for this 3 points:
1. location to trade ?
2. filter ?
3. method or style. this one i fill in for you. Quasimodo.

if i say just trade the 2 shaded areas, will you be happy enough?
huh??????
but the meat is in the middle portion.
of course you trade that.
but first just the 2 shaded areas.
huh??????
you are trading from top to bottom and taking counter trend trades? LOL.
no, no super holy grail trader here.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,397
  • Edited 6:30pm Nov 13, 2020 6:18pm | Edited 6:30pm
who can understand what was he talking about?

if you don't, when you begin your trading day, sit and wait only for the right moment.
if you have itchy hand, put both hands under your thighs.

if you can actually do that in your live trading, friend you are already more than halfway to become the successful 10%.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,398
  • Nov 14, 2020 7:07pm Nov 14, 2020 7:07pm
for monday scalp.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,399
  • Nov 14, 2020 11:02pm Nov 14, 2020 11:02pm
Quoting Inthebox
the h1 qm has been invalidated. however there may be some reaction toward 71.50 as support. i will still look for lower time frame qm then. whole of asia session till now, jpy is the strongest and nzd the weakest. what a choice i had made, but one never know ..... {image}
Do you expect a new QM to take place in lower timeframe and take an entry based on that?
  • #3,400
  • Edited 12:59am Nov 15, 2020 12:49am | Edited 12:59am
Quoting rmchokku
{quote} Do you expect a new QM to take place in lower timeframe and take an entry based on that?
new qm can still be taken as there is enough room to round number or major resistance.
there is a minor resistance above.
the round number 71.50 has proven to be a support zone.
2 qm had already happened.
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ITB - Seeing Orderliness amongst 'Randomness'
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