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Attachments: Up and under price pattern
Exit Attachments

Up and under price pattern

Should have taken the m30 block....50 pips gone to waste!
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How can i loose when i started from the bottom!?
Quoting tommydoginti
{quote} I got that GU too 2R. same story for EU {image} same level came a smaller QM at M15 level, left an order to trade it should price comes back
Too bad you missed a 50 pip move to the downside
How can i loose when i started from the bottom!?
Quoting maharg94
{quote} Too bad you missed a 50 pip move to the downside
I got it. Just that there was another small QM appeared for potential another quick scalp at same level.

green pips to you too!
Quoting maharg94
Should have taken the m30 block....50 pips gone to waste! {image}
Hi, are you using the 1st lower high after the highest high as the entry level?
Trading is not easy
Quoting xiaotiao
{quote} Hi, are you using the 1st lower high after the highest high as the entry level?
HI, Yes...and the higher high should be reaction from another QM level. I dont take any random HIGHER HIGH....
How can i loose when i started from the bottom!?
Quoting maharg94
Should have taken the m30 block....50 pips gone to waste! {image}
feels terrible
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How can i loose when i started from the bottom!?
UC long 1,3. Also EC long 1,5450
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Quoting tommydoginti
{quote} May I provide my hindsight view of your chart. I havent checked or traded this pair before I probably not trade your first QM because it was not clean enough, although often price would still react to those level. Within your first QM I spotted 2 bull QM. That could be 2 trades, potential loss and win. I agree that the last Bear QM is a valid set up. It could be another win. The 3 QMs are around some structural price levels which added confidence in setting up trades. Just as you can see price didnt respect...
When we evaluate the freshness of a QM, do we consider this zone(refer arrow marked area in chart) as already tested before price broke the Swing low? In such case, do we still trade this QM?
https://www.tradingview.com/x/LRxpvBzC/
Quoting rmchokku
{quote} When we evaluate the freshness of a QM, do we consider this zone(refer arrow marked area in chart) as already tested before price broke the Swing low? In such case, do we still trade this QM? https://www.tradingview.com/x/LRxpvBzC/
This is my 3rd week really practicing this strategy, so at the moment I am still purely pattern recognition (now developing on HTF and imperfect patterns)

But my observation by far is as long as a “perfect pattern” can be spotted on a timeframe, it has a slightly >50% chance a reactive QM = a win trade, if not considering anything else.

I suspect that, which I am keeping an eye on as my next step in this strategy, is to determine if a QM is invalid because of “freshness”. My current idea is a HTF retest would void all QM levels at LTF, between the two peaks of the HTF QM.

take example of the USD movement yesterday generating many scalping QM on majors.

AU, USDCHF could win, from left of chart, the level was “fresh”.
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GU, EU had a HTF QM retest yesterday which were wins. At the same time as AU CHF, a scalping QM formed at same level on LTF.
EU lost. I am waiting to see if GU also will fail to confirm my hypothesis.
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what do you guys think?

and what does the chart looks like on 4H?
Quoting rmchokku
{quote} When we evaluate the freshness of a QM, do we consider this zone(refer arrow marked area in chart) as already tested before price broke the Swing low? In such case, do we still trade this QM? https://www.tradingview.com/x/LRxpvBzC/
I answer myself

4H is a good QM pattern. I would look out to sell.
However, retest near the level happened on 18 and 20. At the same time I couldnt see any structural levels between the retests and QM level, ie the retest, although not at same level, was reacting to the QM zone.

i probably have given up the opportunity. Also today we can see it was broken. It would hit the SL even it will go to TP
if you are interested in trading quasimodo pattern, do search the internet to further your knowledge from other people's views.
there are many variations. from the simple to the advance.

i am sure that the following one variation will throw some light to many queries.
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Seeking out Orderliness amongst 'Market Randomness'
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Seeking out Orderliness amongst 'Market Randomness'
Quoting Inthebox
{quote} 1. counter trend sell. think tp. half of normal tp, one third of normal tp .......... 2. first sell at resistance zone would have gain at around L slightly above trend line. 3. second sell. initial SL at head apex. there were 2 exit options as shown when L H HL HH was forming. SL here is a fluid one as pa developing. {image}
Thanks and I get your idea now. A zone concept is more applicable with your exit strategy, probably useful in my next phase of development
Quoting Inthebox
{image}
I have higher confidence on this setup than the GU/EU one, simply because it is not within the two peaks of retested HTF QM. While EU/GU is at the exact same level, which would be in middle of the supply zone, a value area which price should pass through with less resistance.
Hi All, my usdchf trades...
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Maybe it has potencional but missed this.
And the chart:
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QM on EURNZD @1,7050
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Quoting Inthebox
{image}
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Seeking out Orderliness amongst 'Market Randomness'
Today I tried to manage a trade on AJ by only setting SL. initially was looking at 1.9R and 4R TP.

I was too focus on this sell and didnt notice the Bull QM. The grinding at the BULL QM profit zone was an ordeal!

Eventually price broke trendline and I just closed my trade when price “retested” the trendline. It may go down further. But that is 1.5R So beginner I am working with TL...
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This week despite of red Monday I am now 4.5R up. Finishing week early again Practice more real time next week ��

good luck to all!
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