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SRTLfd Discussion

  • #241
  • May 5, 2023 9:51am May 5, 2023 9:51am
I will call it a day. It was an ok week for me. See you guys next week.

Just noticed AU is flying. The target might be 0.6771. Hopefully, will deal with it next week.

Cheers!!
Success = Practice + Patience + Persistence
  • #242
  • May 5, 2023 9:53am May 5, 2023 9:53am
Quoting Katfx
D -bearish but with retracement in fib zone 4h- in fib zone looking for shorts. looking for shorts in 5 min {image} {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #243
  • May 5, 2023 10:11am May 5, 2023 10:11am
Quoting Mandariin
{quote} Quasimodo is just a variation on head n shoulder from master himself Richard W. Schabacker Typical Variations in Head and Shoulders Bottoms We have referred in our discussion of Head and Shoulders Top Reversals to the wide variations in height and width of shoulders which are to be expected. These same varieties occur in bottom reversals. Logic behind the pattern is more imortant than name of it.
i like qm because of the logic that:
the HH is taking liquidity
the LL is break of structure
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ITB - Seeing Orderliness amongst 'Randomness'
  • #244
  • May 5, 2023 10:15am May 5, 2023 10:15am
everyone has a nice weekend.
ITB - Seeing Orderliness amongst 'Randomness'
  • #245
  • May 5, 2023 10:33am May 5, 2023 10:33am
Quoting Inthebox
{quote} {image}
why did you mark these 2 lines at this level??
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  • #246
  • May 5, 2023 11:09am May 5, 2023 11:09am
Quoting Katfx
{quote} why did you mark these 2 lines at this level??
i marked some of the daily closes i considered as key levels.
ITB - Seeing Orderliness amongst 'Randomness'
  • #247
  • May 5, 2023 3:55pm May 5, 2023 3:55pm
Quoting inthebox
{quote} i like qm because of the logic that: The hh is taking liquidity the ll is break of structure {image}
quasimodu is a double cheater pattern but hns is snr break pattern
quasimodu has no neck line but hns has neck line
qm is more logical and structured than hns... Imho
Say something meaningful or Silence!!
  • #248
  • May 5, 2023 7:12pm May 5, 2023 7:12pm
Quoting classy
{quote} quasimodu is a double cheater pattern but hns is snr break pattern quasimodu has no neck line but hns has neck line qm is more logical and structured than hns... Imho
IMO, neither is better than the other one. My reasons are

  1. Stop hunting can be easily disguised as a BOS (the 1st LL in QM)
  2. The BC leg of the ABC correction can be easily mistaken as the neckline break of a HnS.

With the right context and location, both of them are equally effective. Well...JMO

Cheers!!

Success = Practice + Patience + Persistence
  • #249
  • May 5, 2023 10:15pm May 5, 2023 10:15pm
Quoting fxpider
{quote} imo, neither is better than the other one. My reasons are stop hunting can be easily disguised as a bos (the 1st ll in qm) the bc leg of the abc correction can be easily mistaken as the neckline break of a hns. With the right context and location, both of them are equally effective. Well...jmo cheers!!
yes you are right and i agrre with you and for this reason being a smart money supply demand or price ation trader we must aware of manipulation like diamond
Say something meaningful or Silence!!
  • #250
  • May 7, 2023 11:33am May 7, 2023 11:33am
gj can go up or down from this level.
will the top or botom marked for last week be the draw on price for this week, acting as directional bias?
how do you determine which side to take?

note: gbp holiday and no red news on monday.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #251
  • May 7, 2023 12:20pm May 7, 2023 12:20pm
same views can similarly be found in
usdjpy
audjpy
do your own markings for practice.
ITB - Seeing Orderliness amongst 'Randomness'
  • #252
  • May 7, 2023 3:39pm May 7, 2023 3:39pm
Hi,
Its my first post here, discovered that thread last week,
Pls correct me if i am wrong. My view is that from that level we will retrace to green fvg zone and go up, if make new high then on weekly time frame we will make new HH and confirm bullish trend,
Just to make sure , SL should go below green zone or weekly low?
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  • #253
  • May 7, 2023 6:41pm May 7, 2023 6:41pm
Quoting Ziemowit
Hi, Its my first post here, discovered that thread last week, Pls correct me if i am wrong. My view is that from that level we will retrace to green fvg zone and go up, if make new high then on weekly time frame we will make new HH and confirm bullish trend, Just to make sure , SL should go below green zone or weekly low? {image}
thank you for participating.
you can check on post 1 again as now and then it will be updated.
just woke up to see this.
i agree with your bullish bias.
gj broke previous day high.
SL up to individual.
for me as a day trader, i start off with sl below day low and just leave it there or trail if necessary (red lines)
price could just keep on going up from here or retrace to test previous day high.
if one was early, can catch the volume gap entry
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ITB - Seeing Orderliness amongst 'Randomness'
  • #254
  • May 7, 2023 7:02pm May 7, 2023 7:02pm
Quoting Inthebox
{quote} i like qm because of the logic that: the HH is taking liquidity the LL is break of structure {image}
for those who like to pursue further knowledge on qm.
i had drawn the quasimodo (advance) pattern.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #255
  • May 7, 2023 7:43pm May 7, 2023 7:43pm
there was a qm entry earlier.
can you find it?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #256
  • May 7, 2023 7:54pm May 7, 2023 7:54pm
EU looking interesting, IMO.

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Success = Practice + Patience + Persistence
  • #257
  • May 7, 2023 7:58pm May 7, 2023 7:58pm
Quoting Inthebox
there was a qm entry earlier. can you find it? {image}
I always struggle to find LONG opportunities. My eyes are SHORT biased
Success = Practice + Patience + Persistence
  • #258
  • May 7, 2023 8:03pm May 7, 2023 8:03pm
Quoting fxpider
{quote} I always struggle to find LONG opportunities. My eyes are SHORT biased
i also prefer to short.
traders panic mostly quicken the TP.
we need to practise more so that our eyes be able to recognise it without much effort.
ITB - Seeing Orderliness amongst 'Randomness'
  • #259
  • May 7, 2023 8:10pm May 7, 2023 8:10pm
the ever important volume gap.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #260
  • May 7, 2023 8:18pm May 7, 2023 8:18pm
Quoting Inthebox
there was a qm entry earlier. can you find it? {image}
now there may be a qm in m1
but be careful of whipsaw in this small time frame.
not recommended for newbie.
ITB - Seeing Orderliness amongst 'Randomness'
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