Oh wow, Big butt naked charts just how I like them 
. I love your way of trading, how much setups do you get daily?
. I love your way of trading, how much setups do you get daily?
- #22
- Aug 28, 2013 1:01pm Aug 28, 2013 1:01pm
Oh wow, Big butt naked charts just how I like them
Often you find the pattern setting up on several at once, I guess that's correlation working it's magic. If you want more intraday set-ups then just adjust the timeframe but you'll probably have to adjust your MM accordingly.
It works (or doesn't) on any timeframe.
- #27
- Aug 28, 2013 3:42pm Aug 28, 2013 3:42pm
As you can begin to see this pattern works very well when price is ranging, that's good news for us traders because price does that a lot.
On higher time frames such as this AUDUSD D1 chart this pattern could have done wonders for your bank account.
On higher time frames such as this AUDUSD D1 chart this pattern could have done wonders for your bank account.
- #29
- Aug 28, 2013 8:08pm Aug 28, 2013 8:08pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
The USDJPY today. {image} Down on the M10 {image}
This example was exactly the trade I took.
The up/under = the Quasimodo (QM), one of my favourite price patterns.
Nice charts. Keep it up
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #30
- Aug 29, 2013 1:52am Aug 29, 2013 1:52am
{quote} Hey buddy, This example was exactly the trade I took.
, that was a very nasty spike, traded like a pro!All the best.
- #36
- Aug 29, 2013 5:34am Aug 29, 2013 5:34am
{quote} You should also follow keroro0o0o's thread with live account TradeExplorer, he did this AUD/USD trade too with same reasons. http://www.forexfactory.com/showthre...01#post6926301
- #38
- Aug 29, 2013 6:28am Aug 29, 2013 6:28am
i mean that the white line ( the peak is around 89750 ) and then the price goes down , what i wanna ask is , will you take any position if the price isnt going up to your resistance line? or you just wait and see? thanksss
Short answer is no. I'm trading a pattern, so if that pattern doesn't play out then I'm not going to just dive in. Look elsewhere.
These aren't magic lines, they're really just a guide to the next possible point of attack, a point where you know others are watching and trading too.
For me this trade had 3 possible points of attack, other traders using other methods see other stuff
1- this is what you were going for I presume. Pretty good in my opinion.
2- this is what I was going for. The last pointy finger swing. They're really one and the same yours and mine.
3- this is what the market decided to do....... without us.
Like losses, you have to accept this is going to happen. We were on the right side of things.
- #39
- Aug 29, 2013 6:39am Aug 29, 2013 6:39am
Good thread Quidsey, I hope you keep posting the trades... jt
S&R, S&D, QM's and SFP's it's all good
