Up and under price pattern | Page 196 | Forex Factory

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Up and under price pattern

  • #3,901
  • Jun 13, 2021 10:22am Jun 13, 2021 10:22am
Quoting Inthebox
i have some time available over the weekend to make some fun. cherry picked the chart to illustrate the story of support resistance and break out traders becoming enemies and both got killed. qm trader is a sr pullback trader waiting patiently like a crocodile or tiger for thirsty prey to go to the river bank for a drink. {image}
I see. Thanks for the advice
You gotta boop the snoot
Learning to scalp NAS100 Part 2 All Time Return: 0.5%
  • #3,902
  • Jun 14, 2021 10:22am Jun 14, 2021 10:22am
A failed QM is acually a new QM

IT SHIFTS

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1 QMSHIFT.png Size: 39 KB
  • #3,903
  • Jun 14, 2021 11:53am Jun 14, 2021 11:53am
EU failed QM at 1 hour looks like it wants to retake it!

Attached Image (click to enlarge)
Click to Enlarge Name: 3087155746d5bc6eaf28baf710cd531a.png Size: 53 KB
Looking for profitable short term trades ...|
  • #3,904
  • Jun 15, 2021 4:16am Jun 15, 2021 4:16am
UJ H4 - QM @110,20
Attached Image (click to enlarge)
Click to Enlarge Name: b354329fe5b141c28adbef3eb4a902dd.png Size: 85 KB
  • #3,905
  • Jun 16, 2021 6:48am Jun 16, 2021 6:48am
Just playing. EU 15 min.

Attached Image (click to enlarge)
Click to Enlarge Name: f63c89b7fa42db2e71ca8f8d576c3652.png Size: 25 KB
Looking for profitable short term trades ...|
  • #3,906
  • Jun 16, 2021 7:29am Jun 16, 2021 7:29am
Quoting Js3mwtRc
Just playing. EU 15 min. {image}
Reached its first target (x1 times the risk) protecting now is wise.
Looking for profitable short term trades ...|
  • #3,907
  • Jun 16, 2021 10:13am Jun 16, 2021 10:13am
Quoting Js3mwtRc
Just playing. EU 15 min. {image}
doesn't seem like a QM.
  • #3,908
  • Jun 16, 2021 11:04am Jun 16, 2021 11:04am
Quoting Milan
{quote} doesn't seem like a QM.
I agree, not totally a QM It broke the supply level near 2125 yesterday and looked like. Anyway it failed to give more pips. I was influenced from my above 1 hour chart which doesn't look exactly like, an original QM too I liked the place for buys and still holds, but FOMC is near, so I will quit it and find a new one.

Thanks for the observation.
Looking for profitable short term trades ...|
  • #3,909
  • Jun 22, 2021 7:45pm Jun 22, 2021 7:45pm
is this a FTR?
Attached Image (click to enlarge)
Click to Enlarge Name: rtm ftr.png Size: 40 KB
  • #3,910
  • Jun 22, 2021 8:01pm Jun 22, 2021 8:01pm
and coud ou check is this a quasimodo? it looks more like a cheated quasimodo, because the one mirrored leg ... I think they know what you are looking for so they cheated you but the levels stay roughly same, noticed that also this level sometimes is form as a zone, not just a level as you would expect from quasimodo play book
Attached Image (click to enlarge)
Click to Enlarge Name: rtm quasimodo.png Size: 84 KB
  • #3,911
  • Jun 22, 2021 8:08pm Jun 22, 2021 8:08pm
Quoting Milan
UJ H4 - QM @110,20 {image}
this is QM... but why it failed? is RTM a hoax?
Attached Image (click to enlarge)
Click to Enlarge Name: rtm quasimodo uj.png Size: 64 KB
  • #3,912
  • Jun 22, 2021 8:26pm Jun 22, 2021 8:26pm
Would you agree for EU this could be a development ... this would result in an extreme manipulated FTR pattern ... here is EU @1.1932, if this pattern is correct then we expect price goes upwards from 1.1932

On the right side we have seen in the square the last KISS then Fall, retailers would expect price fall after touching level 1.1921, to their surprise price shot though
Attached Image (click to enlarge)
Click to Enlarge Name: rtm ftr EU.png Size: 67 KB
  • #3,913
  • Jun 22, 2021 8:35pm Jun 22, 2021 8:35pm
Quoting Informed
A failed QM is acually a new QM IT SHIFTS {image}
good trade. you had confidence to buy more times then 1l so you were very sure to see the pattern before it was completed

I can only see in hindsight it was confusing because pre-condition for this to happen, should be a prior down trend, but there was a strong move upward about 4:00 on the 4th, that has distracted my sniffing dog
Attached Image (click to enlarge)
Click to Enlarge Name: rtm quasimodo AN.png Size: 83 KB
  • #3,914
  • Jun 22, 2021 8:51pm Jun 22, 2021 8:51pm
for UJ. @ 110.79

Retailers pendling orders here expect last KISS and FALL, possibly price could shoot thru vertical then make a QM or FTR up there, to fool BO traders, long positioned traders for sometimes then pull market down again...
Attached Image (click to enlarge)
Click to Enlarge Name: rtm ftr ater last KISS come FTR.png Size: 77 KB
  • #3,915
  • Jun 23, 2021 2:10am Jun 23, 2021 2:10am
Quoting ntk
for UJ. @ 110.79 Retailers pendling orders here expect last KISS and FALL, possibly price could shoot thru vertical then make a QM or FTR up there, to fool BO traders, long positioned traders for sometimes then pull market down again... {image}
I really can't see your charts...
Trade what you See not what you Think.
  • #3,916
  • Jun 23, 2021 2:38am Jun 23, 2021 2:38am
Quoting Amsunny
{quote} I really can't see your charts...
Attached Image (click to enlarge)
Click to Enlarge Name: rtm failed FL UJ.png Size: 43 KB
  • #3,917
  • Jun 23, 2021 3:33am Jun 23, 2021 3:33am
Quoting ntk
{quote} this is QM... but why it failed? is RTM a hoax? {image}
I don't think RTM is a hoax. Did someone say it is RTM style? We're in Up & under section.
The level failed probabily it was not so important (there was higher peak on the left) and trend is pretty strong to long
Attached Image (click to enlarge)
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  • #3,918
  • Jun 23, 2021 4:33am Jun 23, 2021 4:33am
Quoting ntk
{quote} good trade. you had confidence to buy more times then 1l so you were very sure to see the pattern before it was completed I can only see in hindsight it was confusing because pre-condition for this to happen, should be a prior down trend, but there was a strong move upward about 4:00 on the 4th, that has distracted my sniffing dog {image}
I know how you feel... keep growing...
  • #3,919
  • Jun 23, 2021 4:37am Jun 23, 2021 4:37am
An Experiment

Attached Image (click to enlarge)
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  • #3,920
  • Jun 23, 2021 10:16am Jun 23, 2021 10:16am
Quoting ntk
{quote} {image}
This is not a true QM. go back and read all the chats and pictures here then you will understand better.
Trade what you See not what you Think.
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