Up and under price pattern | Forex Factory

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Up and under price pattern

  • #1
  • First Post: Aug 28, 2013 5:41am Aug 28, 2013 5:41am
Hi, I call this pattern an "Up and Under" (I'm a rugby fan) but you may have seen it with other names, "Quasimodo" on RTM, or as an "Over and Under pattern" explained very well by Steve at NBT.

Call it whatever you want, but if you're looking for a price pattern to trade you might want to give it a look.

It's a very simple pattern so it's easier if I explain by charts, but obviously there are discretionary variables with the pattern that will be different for every trader so this thread is really a 'pattern promo' if you like, then you guys find out what works for you and hopefully go make some money.

I hope traders who already trade this pattern will share their insights.

I've tried to use recent PA in these examples, I use the M30.

The charts

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  • #2
  • Aug 28, 2013 5:46am Aug 28, 2013 5:46am
Don't expect them all to work, they don't, but often if you're willing to be bold you can have a go at getting back what you've lost. This is calculated, it's not a revenge trade.

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  • #3
  • Aug 28, 2013 5:49am Aug 28, 2013 5:49am
The shiny stuff works well.

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  • #4
  • Aug 28, 2013 5:52am Aug 28, 2013 5:52am
The USDJPY today.

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Down on the M10

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  • #5
  • Aug 28, 2013 7:05am Aug 28, 2013 7:05am
usdcad m30

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  • #6
  • Aug 28, 2013 7:17am Aug 28, 2013 7:17am
eurjpy M30

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  • #7
  • Aug 28, 2013 7:53am Aug 28, 2013 7:53am
usdnok m30

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  • #8
  • Aug 28, 2013 8:14am Aug 28, 2013 8:14am
Thanks!

  • #9
  • Aug 28, 2013 8:29am Aug 28, 2013 8:29am
Quoting Quidsey
The shiny stuff works well. {image} {image}

hello

following

stupid question = do u have an indi ? please

regards
BROKENGLISH
  • #10
  • Aug 28, 2013 9:18am Aug 28, 2013 9:18am
I love clean charts, and clean price action trading. Quasimodo trading as others like to call it, very nice,I hope this thread is seen by other traders especially new ones before they see indicators... keep it up
  • #11
  • Aug 28, 2013 9:19am Aug 28, 2013 9:19am
Quoting recidiviste
{quote} hello following stupid question = do u have an indi ? please regards
Hi, I only use horizontal lines and sound alerts. The pretty colours on the example charts are just there to help show the different segments of the set-up.

Tu es vraiment un recidiviste?
  • #12
  • Aug 28, 2013 9:19am Aug 28, 2013 9:19am
Thanks
  • #13
  • Aug 28, 2013 9:20am Aug 28, 2013 9:20am
Quoting srt
Thanks!
Hope it helps.
  • #14
  • Aug 28, 2013 9:27am Aug 28, 2013 9:27am
Quoting Paraipan
I love clean charts, and clean price action trading. Quasimodo trading as others like to call it, very nice,I hope this thread is seen by other traders especially new ones before they see indicators... keep it up
Cheers appreciate your support.
  • #15
  • Aug 28, 2013 9:28am Aug 28, 2013 9:28am
Quoting Quidsey
{quote} Hi, I only use horizontal lines and sound alerts. The pretty colours on the example charts are just there to help show the different segments of the set-up. Tu es vraiment un recidiviste?

recidiviste = yes really = i married 2 times.....



dingue !
BROKENGLISH
  • #16
  • Aug 28, 2013 9:29am Aug 28, 2013 9:29am
Very Good Setup I use Something like this But the main Good thing about this method is we can Set Tight Sl And Set Large Tp
You Must Love CandleSticks
  • #17
  • Aug 28, 2013 9:32am Aug 28, 2013 9:32am
bon courage!

18 years together, 2 kids and still can't face taking mine up the aisle
  • #18
  • Aug 28, 2013 9:38am Aug 28, 2013 9:38am
Quoting AmirShahiN
Very Good Setup I use Something like this But the main Good thing about this method is we can Set Tight Sl And Set Large Tp
Exactly AmirShahiN! the Risk to Reward ratio is often very good. No one likes to take a hit, but we have to accept that it's going to happen, if we can keep it small so much the better.

Please feel free to post any of your set-ups using this pattern.
  • #19
  • Aug 28, 2013 10:14am Aug 28, 2013 10:14am
Quoting Quidsey
{quote} Exactly AmirShahiN! the Risk to Reward ratio is often very good. No one likes to take a hit, but we have to accept that it's going to happen, if we can keep it small so much the better. Please feel free to post any of your set-ups using this pattern.
Tnx . You know these Things in Market Usually Happen at Area When Past Moving Avrages Broken With out Retrace and When in The Future Price will Meet that Area Something like this Will Happen !... Something like your Setups ! I still Study these Phenomena To understand Why this Will happen Bytheway one of The Main reasons is what i said .
I keep Watching your Threat
You Must Love CandleSticks
  • #20
  • Aug 28, 2013 10:22am Aug 28, 2013 10:22am
Quoting AmirShahiN
{quote} Tnx . You know these Things in Market Usually Happen at Area When Past Moving Avrages Broken With out Retrace and When in The Future Price will Meet that Area Something like this Will Happen !... Something like your Setups ! I still Study these Phenomena To understand Why this Will happen Bytheway one of The Main reasons is what i said . I keep Watching your Threat
Hi Amir, this type of move is very often in the market to take as many stops as possible before a proper move is made.
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