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Up and under price pattern

  • #3,781
  • Dec 23, 2020 9:28am Dec 23, 2020 9:28am
I’ve got an eye on CadJpy. I’ve probably missed it. But I’m not chasing it. Since this current move looks a pull back from a larger Upward momentum, I’ll leave a runner with the 1.618 as its Take Profit if this breaks free of its retrace.
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  • #3,782
  • Dec 24, 2020 8:37am Dec 24, 2020 8:37am
Got a few possible setups today. I know it’s Christmas vacation time and markets are slow, but a trade is a trade.
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  • #3,783
  • Dec 24, 2020 9:24am Dec 24, 2020 9:24am
Quoting TheSpadeKing
Got a few possible setups today. I know it’s Christmas vacation time and markets are slow, but a trade is a trade. {image} {image}
The accuracy of this set up is nuts if you can get into the correct ones, which isn't really hard to find. This order fell off more than 40 pips in 20 minutes on the day before Christmas. Some how my order didn't trigger...
Ill take it...
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  • #3,784
  • Dec 24, 2020 9:43am Dec 24, 2020 9:43am
GBPCHF,,Using Fib retracements for TP zones
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  • #3,785
  • Dec 24, 2020 11:55am Dec 24, 2020 11:55am
Quoting piptalk
GBPCHF,,Using Fib retracements for TP zones {image}
Do you place orders? Or alerts?
  • #3,786
  • Dec 24, 2020 2:17pm Dec 24, 2020 2:17pm
Quoting TheSpadeKing
{quote} The accuracy of this set up is nuts if you can get into the correct ones, which isn't really hard to find. This order fell off more than 40 pips in 20 minutes on the day before Christmas. Some how my order didn't trigger... Ill take it... {image}
Second time today.
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  • #3,787
  • Dec 24, 2020 5:06pm Dec 24, 2020 5:06pm
So, after the week of learning and practice, my live account made it +$9 on 160... so not quite 5% on a bad week. The market left 3 trades untriggered today so as it could have been a better week becuase of these, I’m pretty happy with one week results. 5% each week can really be life changing. Confidence in the setup is worth more than anything. Trading a .50 lot profitably consistently can make a person a really comfortable living.
Happy Holidays.
  • #3,788
  • Dec 24, 2020 11:54pm Dec 24, 2020 11:54pm
Quoting TheSpadeKing
So, after the week of learning and practice, my live account made it +$9 on 160... so not quite 5% on a bad week. The market left 3 trades untriggered today so as it could have been a better week becuase of these, I’m pretty happy with one week results. 5% each week can really be life changing. Confidence in the setup is worth more than anything. Trading a .50 lot profitably consistently can make a person a really comfortable living. Happy Holidays.
5% per week though not caste in stone but as a guide check, is doable.
look at the section under trades in FF for this year's live performances.
not taking into account for some erratic ones, 20% per month x 12 = 240% is comparable to the top traders.

the only issue i see is that your lot size of 0.5 is too high and risky.
based on your account size of $160, lot size of 0.05, doing 32 pips will get roughly 1% per day.
or if your average win is 16 pips, you can do 0.1 lot size.
what really is needed is consistency and lower risk to keep account alive.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,789
  • Dec 25, 2020 6:27am Dec 25, 2020 6:27am
Quoting Inthebox
{quote} 5% per week though not caste in stone but as a guide check, is doable. look at the section under trades in FF for this year's live performances. not taking into account for some erratic ones, 20% per month x 12 = 240% is comparable to the top traders. the only issue i see is that your lot size of 0.5 is too high and risky. based on your account size of $160, lot size of 0.05, doing 32 pips will get roughly 1% per day. or if your average win is 16 pips, you can do 0.1 lot size. what really is needed is consistency and lower risk to keep account...
i use 1% risk 3% Take Profit. Currently risking no more than $2 per trade. The .50 lot is a goal.
Thank you! For the response.
  • #3,790
  • Dec 25, 2020 4:45pm Dec 25, 2020 4:45pm
Quoting TheSpadeKing
{quote} Do you place orders? Or alerts?
Pending orders the majority of the time.. I'm not into staring at the screen for hours on end
  • #3,791
  • Dec 28, 2020 8:15am Dec 28, 2020 8:15am
I’ve had probably 10 entry taps but not get picked up, basically spread misses, trades actually getting wicked but not triggered. I realize I can move the entry into the range a little more, but that kind of misses the point of this entry (I’d think).
Q1) Anybody got any tips?
Q2) Are these QM levels valid into the future? Should I keep the order in place, or delete them after the near misses?
  • #3,792
  • Dec 28, 2020 11:11am Dec 28, 2020 11:11am
One of a few setups I’m looking at today.
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  • #3,793
  • Dec 28, 2020 11:24am Dec 28, 2020 11:24am
Had this one charted out, but can’t trade gold on my live account. So I wasn’t able to set the order. Finding this FTL area has helped further confirm a possible QM (I think). I’ll be watching for these FTL areas to form prior to placing QM orders.
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  • #3,794
  • Dec 28, 2020 7:33pm Dec 28, 2020 7:33pm
?
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  • #3,795
  • Dec 29, 2020 11:24am Dec 29, 2020 11:24am
Quoting TheSpadeKing
? {image}
This one failed.
  • #3,796
  • Dec 29, 2020 11:37am Dec 29, 2020 11:37am
ECAD short off the zone and UJPY new risk
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  • #3,797
  • Dec 29, 2020 11:42am Dec 29, 2020 11:42am
Missed this zone on the EZ ..Waiting on the deeper zone pending buy
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  • #3,798
  • Dec 30, 2020 8:45am Dec 30, 2020 8:45am
Something to test in 2021...

Indicator for QM pattern It is doing the same thing I did in the beginning of exploring this strategy - pattern recognition.
Let's see how it can help!

Happy New Year everyone.

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  • #3,799
  • Dec 30, 2020 9:02am Dec 30, 2020 9:02am
Quoting tommydoginti
Something to test in 2021... Indicator for QM pattern It is doing the same thing I did in the beginning of exploring this strategy - pattern recognition. Let's see how it can help! Happy New Year everyone. {image}
I like that it’s on Tradingview... How is it to be used? Does it have instructions within the indicator page?
  • #3,800
  • Dec 30, 2020 9:10am Dec 30, 2020 9:10am
Quoting TheSpadeKing
{quote} I like that it’s on Tradingview... How is it to be used? Does it have instructions within the indicator page?
No. Because I wrote the script. It is just replace myself looking for the simple (ie perfect) QM. I need to test it out because there are more QM than what people here have discussed. I found some simple QM on HTF actually are the ones discussed at LTF. Small patterns make up big patterns
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