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Up and under price pattern

  • #3,641
  • Nov 26, 2020 9:28pm Nov 26, 2020 9:28pm
Quoting Inthebox
{quote} upon seeing h1 qm, traded m15 qm during asia session. TP at m15 support for around 20-30 pips. {image}
Hi ITB, I was reviewing some of your posts. I don't quite understand why did you draw the second horizontal line in the chart? I know the 1st horizontal line was QM, but was 2nd one a QM too?
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Trading is not easy
  • #3,642
  • Nov 26, 2020 9:49pm Nov 26, 2020 9:49pm
Quoting xiaotiao
{quote} Hi ITB, I was reviewing some of your posts. I don't quite understand why did you draw the second horizontal line in the chart? I know the 1st horizontal line was QM, but was 2nd one a QM too? {image}
the first one was qm, the second was SR.
when i arrived at my computer, i saw the qm, but the best place to sell was up in the red circled area.
if i had taken a sell, my tp1 would be at L and tp2 at LL.
tp1 was done, so i was thinking of somewhere LL area as tp.

so how can i sell knowing that price mostly likely would not go up to H again.
then i sold around SR.
at first it was a support, price broke it became resistance, retraced and continued down.
it's called a SR flip.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,643
  • Nov 26, 2020 11:36pm Nov 26, 2020 11:36pm
Quoting Inthebox
{quote} it's called a SR flip. {image}
on 2nd look, there was actually a ltf QM in confluence with the SR
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,644
  • Nov 27, 2020 12:22am Nov 27, 2020 12:22am
Quoting Inthebox
{quote} the first one was qm, the second was SR. when i arrived at my computer, i saw the qm, but the best place to sell was up in the red circled area. if i had taken a sell, my tp1 would be at L and tp2 at LL. tp1 was done, so i was thinking of somewhere LL area as tp. so how can i sell knowing that price mostly likely would not go up to H again. then i sold around SR. at first it was a support, price broke it became resistance, retraced and continued down. it's called a SR flip. {image}
Thanks for the explanation
Trading is not easy
  • #3,645
  • Nov 27, 2020 3:21am Nov 27, 2020 3:21am
GA QM
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  • #3,646
  • Nov 27, 2020 4:16am Nov 27, 2020 4:16am
QM on EJ again @ 124,50
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  • #3,647
  • Nov 27, 2020 5:02am Nov 27, 2020 5:02am
Anybody in play with me on GA? Also bought some GN.
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  • #3,648
  • Nov 27, 2020 5:22am Nov 27, 2020 5:22am
Quoting Milan
Anybody in play with me on GA? Also bought some GN. {image}
GA... added something
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  • #3,649
  • Nov 27, 2020 5:25am Nov 27, 2020 5:25am
Quoting Milan
Anybody in play with me on GA? Also bought some GN. {image}
ga h1 bullish qm.
gcad h1 bullish qm.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,650
  • Nov 27, 2020 6:00am Nov 27, 2020 6:00am
Quoting Inthebox
{quote} the first one was qm, the second was SR. when i arrived at my computer, i saw the qm, but the best place to sell was up in the red circled area. if i had taken a sell, my tp1 would be at L and tp2 at LL. tp1 was done, so i was thinking of somewhere LL area as tp. so how can i sell knowing that price mostly likely would not go up to H again. then i sold around SR. at first it was a support, price broke it became resistance, retraced and continued down. it's called a SR flip. {image}
very nice. Very good tactic when have time to monitor the market!
  • #3,651
  • Nov 27, 2020 6:38am Nov 27, 2020 6:38am
Quoting tommydoginti
{quote} very nice. Very good tactic when have time to monitor the market!
no need to spend too much time monitoring.
draw a line, put on alert.
check on chart every hour.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,652
  • Nov 27, 2020 6:53am Nov 27, 2020 6:53am
Quoting Inthebox
{quote} ga h1 bullish qm. gcad h1 bullish qm.
Hi. In
GA = 1.8000 will be so attractive price level.. BIG RN
  • #3,653
  • Nov 27, 2020 6:56am Nov 27, 2020 6:56am
i dont trade this pair..
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  • #3,654
  • Edited 7:12am Nov 27, 2020 6:57am | Edited 7:12am
Quoting meugampong
{quote} Hi. In GA = 1.8000 will be so attractive price level.. BIG RN
but price already was there last week. Between did HH.
  • #3,655
  • Nov 27, 2020 7:05am Nov 27, 2020 7:05am
Quoting Milan
{quote} but price already was there yesterday. Between did HH.
or maybe price break 1.8000..
at least, i suggest my self, if i want to enter the trade, confirmation on my radar, i.e, price making HH at lower TF if i want to long..
  • #3,656
  • Nov 27, 2020 7:12am Nov 27, 2020 7:12am
Cad chf

qml + triangle.
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  • #3,657
  • Nov 27, 2020 7:18am Nov 27, 2020 7:18am
Quoting meugampong
{quote} or maybe price break 1.8000.. at least, i suggest my self, if i want to enter the trade, confirmation on my radar, i.e, price making HH at lower TF if i want to long..
On M30 it already brakes... but if you want to trade UpnUnder / QM you should go on the first touch.
  • #3,658
  • Nov 27, 2020 7:31am Nov 27, 2020 7:31am
Quoting Milan
{quote} On M30 it already brakes... but if you want to trade UpnUnder / QM you should go on the first touch.
QM Level = Uptrend , L - H- LL _HH Downtrend, H-L-HH-LL, touch does't matter i think... because first touch could be FTR, second touch FTB.
on your chart above, i dont see any QML,
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  • #3,659
  • Nov 27, 2020 7:35am Nov 27, 2020 7:35am
Quoting meugampong
{quote} QM Level = Uptrend , H - L - HH _HL Downtrend, L-H-LL-LH, touch does't matter i think... because first touch could be FTR, second touch FTB. on your chart above, i dont see any QML, {image}
This is 1M chart. QM level is the orange line. I spoted it on 4H and posted it 2h back here https://www.forexfactory.com/thread/...2#post13285212

Ohhh sorry... 4h back here https://www.forexfactory.com/thread/...0#post13285020
  • #3,660
  • Nov 27, 2020 7:45am Nov 27, 2020 7:45am
Quoting Milan
{quote} This is 1M chart. QM level is the orange line. I spoted it on 4H and posted it 2h back here https://www.forexfactory.com/thread/...2#post13285212 Ohhh sorry... 4h back here https://www.forexfactory.com/thread/...0#post13285020
series of QML my friend, if u want to buy, make sure there is lower low on previous structure..
here is what i know about QML setup.
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