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Up and under price pattern

  • #3,461
  • Nov 17, 2020 10:09am Nov 17, 2020 10:09am
bearish m1 qm in h1 supply.
will see.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,462
  • Nov 17, 2020 10:16am Nov 17, 2020 10:16am
Quoting COmar.FX
{quote} Try my tool maybe usefull for You mate.... {image} {file}
nice tool ,is it possible to add button so we can focus horizonal line and channel separately. Thanks in advance.
Say something meaningful or Silence!!
  • #3,463
  • Nov 17, 2020 10:46am Nov 17, 2020 10:46am
Quoting Inthebox
bearish m1 qm in h1 supply. will see. {image}
closed.
going to bed.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,464
  • Edited 7:04pm Nov 17, 2020 6:15pm | Edited 7:04pm
what do you think of this h1 demand?

update: demand consumed and support broken.
so now what will you be looking for?
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Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,465
  • Nov 17, 2020 7:25pm Nov 17, 2020 7:25pm
Quoting Inthebox
what do you think of this h1 demand? update: demand consumed and support broken. so now what will you be looking for? {image} {image}
Hello itb

there is no engulf south for us to sell at the top QM (yet)
also the demand has not been breached yet
  • #3,466
  • Nov 17, 2020 7:33pm Nov 17, 2020 7:33pm
Quoting valas5328
{quote} Hello itb there is no engulf south for us to sell at the top QM (yet) also the demand has not been breached yet
look at my updated chart above.
demand breached.
support broken.
so now i am interested in selling.
right now there is no bearish qm set up to be seen yet.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,467
  • Nov 17, 2020 7:39pm Nov 17, 2020 7:39pm
Hi itb

Yes i saw your updated view

Something to add here

Daily view
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and the H4 view, i took the whole candle as i cant go lower in the LTF to look at the break

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Also there is a big candle there for the bulls so i want to see a engulf of that area to be sure to short at the top. This is just my view .
  • #3,468
  • Nov 17, 2020 8:00pm Nov 17, 2020 8:00pm
German 30/DAX
H1: Price is sideways market
Bearish QMs are noted in M15 and M5 https://www.tradingview.com/x/CRwf5Xck/
  • #3,469
  • Nov 17, 2020 8:11pm Nov 17, 2020 8:11pm
Quoting valas5328
Hi itb Yes i saw your updated view Something to add here Daily view{image} and the H4 view, i took the whole candle as i cant go lower in the LTF to look at the break {image} Also there is a big candle there for the bulls so i want to see a engulf of that area to be sure to short at the top. This is just my view .
for discussion only.
hmmnn .... interesting.
i see that you are trading h4 and above. that may be swing trading.
whereas i am day trading short term looking for 15-35 pips trade.
that's why i have to go to ltf to look for set ups.
the lower line of your h4 rectangle can possibly be maximum low for my sell.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,470
  • Nov 17, 2020 8:42pm Nov 17, 2020 8:42pm
Quoting Inthebox
{quote} if only we have used h1 demand and supply zone for today, m15 qm would be much easier. {image}
morning.

A good point. I do see that QM outside of S/D levels tends to have very quick win/loss answer. While QMs around levels have higher confidence. QM on MTF gives opportunities in setting 2 TPs for a trade (one HTF one LTF), a possible next step to potentially increase my average RR.
  • #3,471
  • Nov 17, 2020 8:43pm Nov 17, 2020 8:43pm
Quoting rmchokku
German 30/DAX H1: Price is sideways market Bearish QMs are noted in M15 and M5 https://www.tradingview.com/x/CRwf5Xck/
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,472
  • Edited 10:41pm Nov 17, 2020 8:58pm | Edited 10:41pm
Quoting Inthebox
what do you think of this h1 demand? update: demand consumed and support broken. so now what will you be looking for? {image} {image}
Hi, Inthebox

IMO, the price broke the upper trend line, so it is down trend on h1 now, right?

So we should look for the chance to sell.

Is it a chance when price retest the last upper fractal?
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Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,473
  • Nov 17, 2020 9:20pm Nov 17, 2020 9:20pm
Quoting Cj.cn
{quote} Hi, Inthebox IMP, the price broke the upper trend line, so it is down trend on h1 now, right? So we should look for the chance to sell. Is it a chance when price retest the last upper fractal? {image}

what is IMP? in my .......?

IMP, the price broke the upper trend line, so it is down trend on h1 now, right?
right.

strictly speaking for QM, only the h1 2 red lines.
not the lower rectangle. that's for support turned resistance trader.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,474
  • Nov 17, 2020 10:45pm Nov 17, 2020 10:45pm
Quoting Inthebox
{quote} what is IMP? in my .......? IMP, the price broke the upper trend line, so it is down trend on h1 now, right? right. strictly speaking for QM, only the h1 2 red lines. not the lower rectangle. that's for support turned resistance trader. {image}
what is IMP? in my .......?
Sorry. IMO=in my opinion

the price broke the upper trend line, so it is down trend on h1 now, right? right. strictly speaking for QM, only the h1 2 red lines. not the lower rectangle. that's for support turned resistance trader.
thanks for your confirm and correct.

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,475
  • Nov 18, 2020 12:20am Nov 18, 2020 12:20am
i had drawn this up for those still having problem in recognizing the QM pattern.

a QM trader does not put on a trade in a hurry.
because most of the time he will be waiting for the right moment
for the engulf and retracement to form.
this will allow him enough time to think.

in summary:

Trend ---> retracement ---> engulf ---> retracement to support
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,476
  • Nov 18, 2020 4:57am Nov 18, 2020 4:57am
Today is pretty slow for me on QM finding. I need to refine my skills to manage trades both mentally and technically, even still training on demo.

GU: Entered based on H1 QM. First TP is really low R so picked the other one which was ~0.8R. Didn't see momentum gain after trade, closed at BE
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GJ: Win but I don't like the way I set TP and SL. If I have faith in my setup then should just go for it. Set the SL one level up for no reason, a 3R turned into 0.95R.
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Two more in trade AU and EU. Will show charts after settled. I have got another 12 pending orders, hah I probably stop placing more orders this week, end early and enter/cancel them along the way.
  • #3,477
  • Nov 18, 2020 5:13am Nov 18, 2020 5:13am
Quoting tommydoginti
{quote} morning. A good point. I do see that QM outside of S/D levels tends to have very quick win/loss answer. While QMs around levels have higher confidence. QM on MTF gives opportunities in setting 2 TPs for a trade (one HTF one LTF), a possible next step to potentially increase my average RR.
it's the qm that's near the SR and SD zones that give the best gain.

i show you an extreme example H1 and M1.
at h1 support zone, watch only h1 without switching to m1.
then there's a engulf candle in reaction to support. i drawn a vertical line after that.
switch to m1 to look for qm.
same for the pin bar.

cool or what.
you just have to monitor every hour.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,478
  • Nov 18, 2020 5:23am Nov 18, 2020 5:23am
Quoting Inthebox
{quote} it's the qm that's near the SR and SD zones that give the best gain. i show you an extreme example H1 and M1. at h1 support zone, watch only h1 without switching to m1. then there's a engulf candle. i drawn a vertical line after that. switch to m1 to look for qm. same for the pin bar. cool or what. you just have to monitor every hour. {image}
Thanks InTheBox I got inspiration from you and started to learn about S/D zones. I hope I can come back to this post and understand it later. For now I just know it is a significant level but no idea on how to trade it. Give me some time

By the way, EU ended +1.3R. This trade is why I know I must learn to trust the analysis and market. I had a strong urge to close BE...
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My AU is also in profit but also had an urge to close BE
  • #3,479
  • Nov 18, 2020 5:32am Nov 18, 2020 5:32am
Quoting tommydoginti
{quote} Thanks InTheBox I got inspiration from you and started to learn about S/D zones. I hope I can come back to this post and understand it later. For now I just know it is a significant level but no idea on how to trade it. Give me some time By the way, EU ended +1.3R. This trade is why I know I must learn to trust the analysis and market. I had a strong urge to close BE... {image} My AU is also in profit but also had an urge to close BE
don't care whether you understand or not, just pay me tuition fees. LOL.

why only SD zone, not SR zone?
the two very different.
SD broken, whole thing dissappear, no more in use.
whereas SR still in use no matter how far back historically.
like in example, broke down, then back up again and came down and bounce up means good support.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,480
  • Nov 18, 2020 5:43am Nov 18, 2020 5:43am
Quoting Inthebox
{quote} don't care whether you understand or not, just pay me tuition fees. LOL. why only SD zone, not SR zone? the two very different. SD broken, whole thing dissappear, no more in use. whereas SR still in use no matter how far back historically. like in example, broke down, then back up again and came down and bounce up means good support.
The SR was first topic I learned. I watched some videos and developed a couple strategies that is based on SR and price retest+bounce off. One is based on Price-Fast MA cross + retest slow MA, one is 2-leg trend 2nd pull back rejection. I tried on demo and found I could win more than lose, but they require me to stay alert anytime (or set up a lot of alerts and ready for instant PA check to decide trade) and more advanced mentality..... Maybe if ever I will be a full-time trader....

SR not always associate with QM as QM is more often offset from those levels, same as SD. For now my feeling is SR is more a SL/TP placement option, and SD can be area to expect QM.
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