Up and under price pattern | Page 191 | Forex Factory

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Up and under price pattern

  • #3,801
  • Dec 30, 2020 9:20am Dec 30, 2020 9:20am
Quoting tommydoginti
{quote} 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
I can help you test it out. Is it in the public library? If you load it there, I’ll look for it.
  • #3,802
  • Dec 31, 2020 7:24am Dec 31, 2020 7:24am
Well, I’ve sunk back into a not so great week. Currently at a 5% loss. I’ve had so many just not work this week. While I had been working from a smaller TF, rarely any of the spotted QM that got filled worked, and I’ve probably had 10 this week miss entry by 3-5 pips or less. It’s a hair pulling hobby/profession for sure.
  • #3,803
  • Jan 2, 2021 5:24am Jan 2, 2021 5:24am
Quoting TheSpadeKing
One of a few setups I’m looking at today. {image}
FTL= flip trendline?
  • #3,804
  • Jan 2, 2021 10:44am Jan 2, 2021 10:44am
Quoting Spade11
{quote} FTL= flip trendline?
I don’t know the names, just the idea.
I’m still practicing (on a live acct). This concept is easy to understand, but there are ways to make it real beneficial if you understand.
FTL, to me would be “First Trouble Line”. So basically, this should be a tP1 because if the market rejects the QM correctly, this is about as far as you can count on it going prior to a retest of the QM location (which may or may not hold), again this is my interpretation, from my practice this area is about 1:1 from the entry. So, if I’m around when this target gets hit, I close 1/2 position and move stops to BE.
The big players in here would be better asked, but they only answer on occasion.
  • #3,805
  • Jan 7, 2021 5:18am Jan 7, 2021 5:18am
QM on UJ. Will be or not?
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  • #3,806
  • Jan 7, 2021 5:19am Jan 7, 2021 5:19am
Same USDCHF
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  • #3,807
  • Jan 7, 2021 10:21am Jan 7, 2021 10:21am
This method is more difficult than it seems. While it makes sense, being in the right ones make a difference for sure. Practice practice practice.
After about 3 weeks trading this, I’m still at a break even scenario. Trying to decipher the good from bad is not easy.
I still can’t tell if the close of the QM or the Wick tips is a better location of the entry. I have missed 70% of the possible trade entries by 5-7 pips or less. It ridiculously accurate, when you’re on the correct side of the trade.
  • #3,808
  • Jan 7, 2021 10:33am Jan 7, 2021 10:33am
Quoting TheSpadeKing
This method is more difficult than it seems. While it makes sense, being in the right ones make a difference for sure. Practice practice practice. After about 3 weeks trading this, I’m still at a break even scenario. Trying to decipher the good from bad is not easy. I still can’t tell if the close of the QM or the Wick tips is a better location of the entry. I have missed 70% of the possible trade entries by 5-7 pips or less. It ridiculously accurate, when you’re on the correct side of the trade.
try introducing round number in the vicinity of qm to see price reaction between the zone.
if one uses limit order, then it's another story as one does not see the price reaction.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,809
  • Jan 12, 2021 8:27am Jan 12, 2021 8:27am
There is QM on GU
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  • #3,810
  • Jan 15, 2021 10:07am Jan 15, 2021 10:07am
Risk on: EU

And a few nice reactions
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  • #3,811
  • Jan 18, 2021 8:04pm Jan 18, 2021 8:04pm
Solid start to the week
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  • #3,812
  • Jan 18, 2021 8:04pm Jan 18, 2021 8:04pm
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  • #3,813
  • Feb 2, 2021 1:18am Feb 2, 2021 1:18am
Just for getting alive
Seems like QM @143,94 on GJ, what do you think, guys? And BRN above.
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  • #3,814
  • Feb 2, 2021 8:54am Feb 2, 2021 8:54am
QM on AJ @75,5? Also RN
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  • #3,815
  • Feb 3, 2021 2:15am Feb 3, 2021 2:15am
QM on GU @1,3696 and BRN 1,37 just above
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  • #3,816
  • Feb 3, 2021 6:47am Feb 3, 2021 6:47am
Quoting Milan
QM on GU @1,3696 and BRN 1,37 just above {image}
Hi Milan, thanks for sharing I was passing by and stopped at your Long 1 L trade. Just strike me your risk reward presented. It almost double in negative ... no idea if intentionally or simple error but definitely it is worth to be careful especially in long term trading. There might be a hedge RR seeing from your counter 3 lot limit order short but that is another story known only to you. Or you might like to elaborate more so more could profit from . Fingers crossed to recover fast this lost trade.
  • #3,817
  • Feb 3, 2021 6:56am Feb 3, 2021 6:56am
Quoting Amcee
{quote} Hi Milan, thanks for sharing I was passing by and stopped at your Long 1 L trade. Just strike me your risk reward presented. It almost double in negative ... no idea if intentionally or simple error but definitely it is worth to be careful especially in long term trading. There might be a hedge RR seeing from your counter 3 lot limit order short but that is another story known only to you. Or you might like to elaborate more so more could profit from . Fingers crossed to recover fast this lost trade.
Hi Amcee, my SL is just for safety purpose, my mental stop is much near to my entry. If I see the position is not going my way I close it manualy. This position was negative and I closed it with 10 pips loss.
I don't do hedging, I presumed my long will end at short entry. My mistake was I traded countertrend (long), have to work on my head. Anyway, thanks for your comment.
  • #3,818
  • Feb 4, 2021 8:22am Feb 4, 2021 8:22am
Quoting Milan
QM on GU @1,3696 and BRN 1,37 just above {image}
To the pip... but without me
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  • #3,819
  • Feb 9, 2021 3:32am Feb 9, 2021 3:32am
QM @0,7750 on AU, also RN
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  • #3,820
  • Feb 10, 2021 6:12am Feb 10, 2021 6:12am
Quoting Milan
QM @0,7750 on AU, also RN {image}
nice going, SL on BE
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