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Price is Everything Chat Room

  • #941
  • Dec 9, 2011 7:24am Dec 9, 2011 7:24am
Cough...
  • #942
  • Dec 9, 2011 7:26am Dec 9, 2011 7:26am
Quoting Orbital
Cough...
hi orbi, how r u?
lolz
I love PIE and RTP
  • #943
  • Dec 9, 2011 7:31am Dec 9, 2011 7:31am
Busy, finishing up the year right now. Preparing some shit for next year, considering taking new clients on in january or going seperate ways.

Mostly partying though right now

http://www.youtube.com/watch?v=G-7v2xMfLwI

insane minimal techno mix
  • #944
  • Dec 9, 2011 7:49am Dec 9, 2011 7:49am
Quoting Orbital
Busy, finishing up the year right now. Preparing some shit for next year, considering taking new clients on in january or going seperate ways.

Mostly partying though right now

http://www.youtube.com/watch?v=G-7v2xMfLwI

insane minimal techno mix
wow, hahah. good luck bro.
it seems u'll face very busy days.
nice video
I love PIE and RTP
  • #945
  • Dec 9, 2011 12:23pm Dec 9, 2011 12:23pm
Bonsoir;
could you guys please tell the definition of QM ? I'm not good at spotting figures.
Is it this:
QM= L+H+LL+HH+HL =buy ??
I know about quasimodo and his thing on the back but I 'd prefer an answer the same way above.
Thanks
Rien ne sert de courir il faut partir à point.
  • #946
  • Dec 9, 2011 12:25pm Dec 9, 2011 12:25pm
http://www.nobrainertrades.com/2009/06/over-and-under-pattern.html

http://www.nobrainertrades.com/2010/02/video-quasi-pattern-price-symmetry.html

Quoting flytox
Bonsoir;
could you guys please tell the definition of QM ? I'm not good at spotting figures.
Is it this:
QM= L+H+LL+HH+HL =buy ??
I know about quasimodo and his thing on the back but I 'd prefer an answer the same way above.
Thanks
Hello.
  • #947
  • Dec 9, 2011 12:52pm Dec 9, 2011 12:52pm
Quoting emene
http://www.nobrainertrades.com/2009/06/over-and-under-pattern.html

http://www.nobrainertrades.com/2010/02/video-quasi-pattern-price-symmetry.html
Thanks Emene, so from your link

1. Price makes a new low = L
2. Price retraces from this low= H
3. Low is taken out to the downside (price extends beyond it)= LL
4. Price comes back above the initial retracement from the first low= HH
5. Price comes back down and fades the original swing point= L

then QM= L+H+LL+HH+L=Buy
Was QuasiRight; Thanks again Emene.
Rien ne sert de courir il faut partir à point.
  • #948
  • Dec 12, 2011 12:57am Dec 12, 2011 12:57am
Quoting flytox
Thanks Emene, so from your link

1. Price makes a new low = L
2. Price retraces from this low= H
3. Low is taken out to the downside (price extends beyond it)= LL
4. Price comes back above the initial retracement from the first low= HH
5. Price comes back down and fades the original swing point= L

then QM= L+H+LL+HH+L=Buy
Was QuasiRight; Thanks again Emene.
may be this will help too

http://www.forexfactory.com/attachment.php?attachmentid=840870&d=1322216382

http://www.forexfactory.com/attachment.php?attachmentid=840833&d=1322214751

http://www.forexfactory.com/attachment.php?attachmentid=840426&d=1322167755


http://www.screencast.com/users/Ifmyante/folders/Default/media/8bc02ac3-e313-45f4-84e7-ee57b1e92675
I love PIE and RTP
  • #949
  • Dec 12, 2011 1:08pm Dec 12, 2011 1:08pm
Hi,today it wasnt good day for me...i think my demand levels where good,i was going long against this big momentum in eur/usd and i was stopped out in every single trade....anyone else hunted longs today? was it wrong to short usd today and why??
Never again will fade the trend
  • #950
  • Dec 12, 2011 1:27pm Dec 12, 2011 1:27pm
Quoting swingfiddle
Hi,today it wasnt good day for me...i think my demand levels where good,i was going long against this big momentum in eur/usd and i was stopped out in every single trade....anyone else hunted longs today? was it wrong to short usd today and why??
momentum and order flow were not with the bulls at those zones
Have I got something on my face, SOLDIER?
  • #951
  • Dec 12, 2011 1:47pm Dec 12, 2011 1:47pm
Quoting bumapatria
momentum and order flow were not with the bulls at those zones
can you expain a little more about order flow?was there a sign for example in the h4 eur/usd demand (where the gap was) that warned its not a good level?or it just didnt work out because not all trades ares supposed to be succesfull?it was quit a fresh level also,hardly price touched it so far until today
Never again will fade the trend
  • #952
  • Dec 12, 2011 3:42pm Dec 12, 2011 3:42pm
just have to share this-

(sorry buma you are pretty old! )

http://www.youtube.com/watch?v=qC86L4fBF5E
  • #953
  • Edited 11:40pm Dec 12, 2011 8:26pm | Edited 11:40pm
Quoting swingfiddle
can you expain a little more about order flow?was there a sign for example in the h4 eur/usd demand (where the gap was) that warned its not a good level?or it just didnt work out because not all trades ares supposed to be succesfull?it was quit a fresh level also,hardly price touched it so far until today
I think the question to consider is: Was the reaction present in the zones enough to support the trades; then did the trades have continued strength or did they stall/reverse/fail? The results would indicate, no and they stalled/failed.

Refer to weekly and monthly views for examples of zone-busting trends.

Hope it helps, just my understanding/opinion.
Charts are limited in nature. What is the relative location?
  • #954
  • Dec 13, 2011 8:34am Dec 13, 2011 8:34am
http://www.tradingacademy.com/lessons/20111213/featured_article.htm
Hello.
  • #955
  • Dec 13, 2011 11:34am Dec 13, 2011 11:34am
Quoting swingfiddle
Hi,today it wasnt good day for me...i think my demand levels where good,i was going long against this big momentum in eur/usd and i was stopped out in every single trade....anyone else hunted longs today? was it wrong to short usd today and why??
You didn't look at the BIGGER picture and when trading counter-trend, your targets should be much smaller. If you were looking to swing trade, then these demand areas were no good for the swing trades. Look at weekly and daily timeframes to understand why shorting USD today was the wrong trade.

Higher timeframes = Goliath, lower timeframes = David. Don't fuck with Goliath because your little stone ain't gonna knock him out like in the story!
  • #956
  • Dec 13, 2011 11:39am Dec 13, 2011 11:39am
Quoting flytox
Thanks Emene, so from your link

1. Price makes a new low = L
2. Price retraces from this low= H
3. Low is taken out to the downside (price extends beyond it)= LL
4. Price comes back above the initial retracement from the first low= HH
5. Price comes back down and fades the original swing point= L

then QM= L+H+LL+HH+L=Buy
Was QuasiRight; Thanks again Emene.
Not quite -

then QM= L+H+LL+HH+HL=Buy

But whatever timeframe you see this in, then your targets MUST be on the SAME timeframe and you should take some out at the opposing supply and let the rest run.
  • #957
  • Dec 13, 2011 12:09pm Dec 13, 2011 12:09pm
BBAKKER AND BMAC thanks for help
Never again will fade the trend
  • #958
  • Dec 13, 2011 12:29pm Dec 13, 2011 12:29pm
Fun little example, color coded for funsies.
Attached Image (click to enlarge)
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  • #959
  • Dec 13, 2011 12:48pm Dec 13, 2011 12:48pm
Quoting flytox
Thanks Emene, so from your link

1. Price makes a new low = L
2. Price retraces from this low= H
3. Low is taken out to the downside (price extends beyond it)= LL
4. Price comes back above the initial retracement from the first low= HH
5. Price comes back down and fades the original swing point= L

then QM= L+H+LL+HH+L=Buy
Was QuasiRight; Thanks again Emene.
Your PIE colleagues are spot on, but just to clarify:-

I came up with the name Quasimodo (but not the pattern itself) as it refers to the fact that a QM is just a mutated Head & Shoulders. The mutation is the right hand neckline being lower than the left hand (or higher when the pattern is inverted) and is the all important bias that makes a QM more reliable than a standard H&S.

Good luck with it!

Attached Image (click to enlarge)
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  • #960
  • Dec 14, 2011 3:12am Dec 14, 2011 3:12am
would you consider this concept correct?i ve see it happening quit a lot
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Never again will fade the trend
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