Up and under price pattern | Page 189 | Forex Factory

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Up and under price pattern

  • #3,761
  • Dec 19, 2020 1:02pm Dec 19, 2020 1:02pm
Initially the BTC trade worked well. Had I placed a 1:1 trade it would have Tpd, but I had only placed a 3:1... eat crow right. Haha. Had I moved stops I could have covered the loss. Also, BTC on this demo broker has a big spread that likes to explode without actually moving sometimes.
So now does this failed QM become a Flip? Will it be reused as a buy if retested?
Thank you!
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  • #3,762
  • Dec 19, 2020 7:26pm Dec 19, 2020 7:26pm
Quoting TheSpadeKing
This order was placed last evening. 3:1. The range seems to have another imperfect QM across the bottom. So I’ll be watching for a continuation buy if it looks correct at that time. Still practicing. Any pointers will be appreciated. {image}
Update. Tp2 touched, not triggered.
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  • #3,763
  • Dec 19, 2020 7:28pm Dec 19, 2020 7:28pm
Quoting TheSpadeKing
This is a 5m XRP taken last evening, Take Profit 1 was hit at 1:1. I’ve got Take Profit 2 at 3:1, I need to move the stops to secure a risk free trade. Im also watching for an additional QM play if this area fails now. I realize it may not be a fresh touch at this point. Anybody who thinks I’m wrong, please inform me. Thank you! {image}
Update: Tp1 completed then Stop Loss in profit.
  • #3,764
  • Dec 20, 2020 3:11am Dec 20, 2020 3:11am
i have nothing much to add just that from my observation,
for example in an up trend, if there's some kind of rally base rally in the engulf around the region of qm, the chance of a successful trade can be improved.
the rbr may not align with qm, and can be slightly above or below it.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,765
  • Dec 20, 2020 8:05am Dec 20, 2020 8:05am
Quoting Inthebox
i have nothing much to add just that from my observation, for example in an up trend, if there's some kind of rally base rally in the engulf around the region of qm, the chance of a successful trade can be improved. the rbr may not align with qm, and can be slightly above or below it. {image}
The rally base rally rule of trades never really made sense. I get the concept, A candle without a top wick equals Rally, base is the flat top created from the wick less candle and then the following rally of the unfinished momentum.
But being able to use that as a trade concept will certainly need to be worked with.
  • #3,766
  • Dec 20, 2020 9:34am Dec 20, 2020 9:34am
Quoting Inthebox
i have nothing much to add just that from my observation, for example in an up trend, if there's some kind of rally base rally in the engulf around the region of qm, the chance of a successful trade can be improved. the rbr may not align with qm, and can be slightly above or below it. {image}
After rereading your post, I get what you’re saying. If there is this Rally-Base-Rally candle structure around the QM, is helps with added confirmation of the zone.
  • #3,767
  • Dec 20, 2020 10:14am Dec 20, 2020 10:14am
Ok, no intention to spam the thread, and I’ve never had luck with Crypto trading generally speaking. So these posts have just been practice over the weekend.
Ive got a possible QM Sell limit on this pair. Let see if it works here. To me, this is a high risk entry.
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  • #3,768
  • Dec 20, 2020 6:08pm Dec 20, 2020 6:08pm
Nice reversal on the ECAD QM
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  • #3,769
  • Dec 20, 2020 6:10pm Dec 20, 2020 6:10pm
Holding partial on the GY for now
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  • #3,770
  • Dec 20, 2020 6:35pm Dec 20, 2020 6:35pm
Quoting TheSpadeKing
This is a 5m XRP taken last evening, Take Profit 1 was hit at 1:1. I’ve got Take Profit 2 at 3:1, I need to move the stops to secure a risk free trade. Im also watching for an additional QM play if this area fails now. I realize it may not be a fresh touch at this point. Anybody who thinks I’m wrong, please inform me. Thank you! {image}
this one failed
  • #3,771
  • Dec 21, 2020 2:02pm Dec 21, 2020 2:02pm
Nice pop on the GY...
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  • #3,772
  • Dec 21, 2020 2:24pm Dec 21, 2020 2:24pm
Quoting piptalk
Nice pop on the GY... {image}
i had an order on the ECad last night also.
GA today, GN Buys in the same areas as your GJ. I also have a GCad sell that’s been triggerd on those large GBP moves.
Nive catch
  • #3,773
  • Dec 22, 2020 7:07am Dec 22, 2020 7:07am
  •  ArtFx
  • Joined Aug 2016 | Status: Sniper with AWM+Ghillie Suit | 43 Posts
today
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  • #3,774
  • Dec 22, 2020 8:46am Dec 22, 2020 8:46am
Quoting ArtFx
today {image}
i had ncad on my list but missed it. Good catch.
  • #3,775
  • Dec 22, 2020 10:52am Dec 22, 2020 10:52am
NU
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  • #3,776
  • Dec 22, 2020 11:03am Dec 22, 2020 11:03am
Quoting piptalk
NU {image}
Do you find success with the 1.618 Take Profit? I was wondering about using it or the 1.27 as a TP for “a runner”
  • #3,777
  • Dec 22, 2020 11:43am Dec 22, 2020 11:43am
Quoting ArtFx
today {image}
i had ncad on my list but missed it. Good catch.
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  • #3,778
  • Dec 22, 2020 11:53am Dec 22, 2020 11:53am
To the penny entry CADCHF....

Hi Spade,,yes,,Fib extensions are great TP zones
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  • #3,779
  • Dec 23, 2020 8:42am Dec 23, 2020 8:42am
  •  ArtFx
  • Joined Aug 2016 | Status: Sniper with AWM+Ghillie Suit | 43 Posts
Quoting ArtFx
today {image}

second entry... after hit my sl.
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  • #3,780
  • Dec 23, 2020 9:00am Dec 23, 2020 9:00am
  •  ArtFx
  • Joined Aug 2016 | Status: Sniper with AWM+Ghillie Suit | 43 Posts
Quoting TheSpadeKing
{quote} i had ncad on my list but missed it. Good catch. {image}

yes i am also waiting for this one
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