Up and under price pattern | Page 179 | Forex Factory

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Up and under price pattern

  • #3,561
  • Nov 23, 2020 8:29am Nov 23, 2020 8:29am
Quoting Inthebox
watching level. {image}
today's trades were not easy.
however it was based on htf analysis, it turned out alright.
1st entry based on m5 qm.
2nd entry based on h4 qm.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,562
  • Nov 23, 2020 8:29am Nov 23, 2020 8:29am
Price went wild and a slight red day for me. -0.8R, 3 losses and 1 win only

EU: TBH i think the peak was choppy and should not take trade, or if more aggressively, take 1 level higher as entry.
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EJ: loss, simple
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GU: loss. Was not the perfect pattern but traded because of nice RR.
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UC: got QM at H4 time frame. There was another QM closer to peak but lower RR according to my rule at M15. Forgot to trade that due to early finish last week
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No big deal, tmr is another day
  • #3,563
  • Nov 23, 2020 4:11pm Nov 23, 2020 4:11pm
i don't trade eu, but something is happening.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,564
  • Nov 23, 2020 5:19pm Nov 23, 2020 5:19pm
asia session.
got 60 pips out of the 150 pips move.
am glad regardless of the missed out profits.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,565
  • Nov 23, 2020 5:59pm Nov 23, 2020 5:59pm
Quoting Inthebox
asia session. got 60 pips out of the 150 pips move. am glad regardless of the missed out profits. {image}
very nice catch! You are a patient person and very familiar with the flow of market.

as of EU, price did not go right back to QM level and consolidating, LTF QM too small to profit (with predefined TP). Will keep an eye out

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  • #3,566
  • Nov 23, 2020 6:00pm Nov 23, 2020 6:00pm
Quoting Inthebox
asia session. got 60 pips out of the 150 pips move. am glad regardless of the missed out profits. {image}
Good one. Did you make an entry based on Candlestick?
  • #3,567
  • Nov 23, 2020 6:02pm Nov 23, 2020 6:02pm
Quoting tommydoginti
{quote} very nice catch! You are a patient person and very familiar with the flow of market. as of EU, price did not go right back to QM level and consolidating, LTF QM too small to profit (with predefined TP). Will keep an eye out {image}{image}
Good one Tommy. I marked the same level in H1 (for sell) but was not tracking market and missed it.https://www.tradingview.com/x/eu2MHVep/
  • #3,568
  • Nov 23, 2020 6:02pm Nov 23, 2020 6:02pm
Quoting rmchokku
{quote} Good one. Did you make an entry based on Candlestick?
yes
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,569
  • Nov 23, 2020 6:08pm Nov 23, 2020 6:08pm
Quoting rmchokku
{quote} Good one Tommy. I marked the same level in H1 (for sell) but was not tracking market and missed it.https://www.tradingview.com/x/eu2MHVep/
haha actually I didnt trade that level as the one in GU didnt play out nicely enough. I cancelled the order left a buy order somewhere lower but broken as the price dropped last night.

but in reality, both the set up in GU and EU would be wins

always new opportunities coming
  • #3,570
  • Nov 23, 2020 6:16pm Nov 23, 2020 6:16pm
at this moment nzd best performer.
this year all time high vs usd.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,571
  • Nov 23, 2020 7:06pm Nov 23, 2020 7:06pm
remember this when i mentioned that we can take trades at the top and botom of the shaded area?
https://www.forexfactory.com/thread/...3#post13262873
at times when i need some ego boosting i show only the higher time frame chart and some wonder why i can enter at the shadow of the candle.
well, now you know why.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,572
  • Nov 23, 2020 8:53pm Nov 23, 2020 8:53pm
Quoting Inthebox
remember this when i mentioned that we can take trades at the top and botom of the shaded area? https://www.forexfactory.com/thread/...3#post13262873 at times when i need some ego boosting i show only the higher time frame chart and some wonder why i can enter at the shadow of the candle. well, now you know why. {image}
Hi, did you draw that horizontal line because it was a QM?
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Trading is not easy
  • #3,573
  • Edited 10:05pm Nov 23, 2020 9:36pm | Edited 10:05pm
Quoting xiaotiao
{quote} Hi, did you draw that horizontal line because it was a QM? {image}
see why i put on the resistance zones?
the top, price overshot qm line but fell into the resistance zone.
the bottom, price did not touch qm line, but fell into the resistance zone.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,574
  • Nov 23, 2020 9:58pm Nov 23, 2020 9:58pm
do you know that the start line of the qm pattern on the left is after all but a resistance line?
so those who trade qm are SR traders.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,575
  • Nov 23, 2020 10:55pm Nov 23, 2020 10:55pm
Thanks ITB
Trading is not easy
  • #3,576
  • Nov 23, 2020 11:49pm Nov 23, 2020 11:49pm
QM on AU
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  • #3,577
  • Nov 23, 2020 11:53pm Nov 23, 2020 11:53pm
level
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,578
  • Nov 24, 2020 12:01am Nov 24, 2020 12:01am
Quoting Milan
QM on AU {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,579
  • Nov 24, 2020 12:05am Nov 24, 2020 12:05am
Quoting Inthebox
{quote} see why i put on the resistance zones? the top, price overshot qm line but fell into the resistance zone. the bottom, price did not touch qm line, but fell into the resistance zone. {image}
So how do you determine when to close losing trades (SL)? Above the QM zone?

I wonder if the SL is a meaningful one if I cover the “very next swing higher” or a “value zone”
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  • #3,580
  • Nov 24, 2020 12:10am Nov 24, 2020 12:10am
to Inthebox
and BRN 7300
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