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Up and under price pattern

  • #221
  • Nov 9, 2013 3:54pm Nov 9, 2013 3:54pm
Hi Quidsey,
Thanks for posting your method here I have always been a great fan of charts without indicators.
I managed to pick up some extra coin last week applying your approach and will be on the look out next week for more entry points.

I have a question regarding your setup of the usdcad in post 216 but will post it in the next 24hrs as I want to attach a chart as well.

Thanks again.
  • #222
  • Nov 11, 2013 10:46am Nov 11, 2013 10:46am
Any chance of seeing a TradeExplorer or Myfxbook to track this way of trading?
No longer trading forex. Looking for full time job.
  • #223
  • Nov 11, 2013 11:08am Nov 11, 2013 11:08am
Quoting mmaker
Any chance of seeing a TradeExplorer or Myfxbook to track this way of trading?
No not from me mate sorry, maybe someones got one they might want to share but to be honest there's very little interest.

Maybe if I put up some tinsel and a bauble or two.
  • #224
  • Nov 11, 2013 11:21am Nov 11, 2013 11:21am
Quoting DannyW
Hi Quidsey, Thanks for posting your method here I have always been a great fan of charts without indicators. I managed to pick up some extra coin last week applying your approach and will be on the look out next week for more entry points. I have a question regarding your setup of the usdcad in post 216 but will post it in the next 24hrs as I want to attach a chart as well. Thanks again.
Hi Dan, glad you made some money but be careful about putting real money on stuff people post on FF (me included) without due diligence :nerd:

Look forward to your question.
  • #225
  • Nov 12, 2013 12:50am Nov 12, 2013 12:50am
No worries I always test things out at 1 micro lot just to give it a bit of that real feeling,

Don't worry about the question I worked it out for myself, will be keeping an eye on 10 pairs using this idea,so see how it goes
  • #226
  • Nov 12, 2013 5:24am Nov 12, 2013 5:24am
Aussie$

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  • #227
  • Edited 8:24am Nov 12, 2013 8:02am | Edited 8:24am
USDCHF:

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EurCAd:

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  • #228
  • Nov 12, 2013 1:50pm Nov 12, 2013 1:50pm
Same idea but EU.

Attached Image (click to enlarge)
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Waiting also for this Aussie gap fill long, and long XAUUSD.

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  • #229
  • Nov 12, 2013 2:48pm Nov 12, 2013 2:48pm
Quoting Quidsey
Same idea but EU.
Nice play on EU. I am sure you have already pocketed your profit. I didn't go down to 5 minute charts looking for patterns, which I should. The pattern on EU is one of the best looking patterns. Quick play, win or lose, is what I like most.

Still learning..............
  • #230
  • Nov 12, 2013 2:49pm Nov 12, 2013 2:49pm
Out of EU trade but really didn't want to sweat it all the way from +30 back to +5 just to get out at +30 again.
  • #231
  • Nov 12, 2013 2:55pm Nov 12, 2013 2:55pm
Quoting sclz
{quote}Quick play, win or lose, is what I like most. Still learning..............
....me too

Your USDCHF was spot on, 9189 nice TP.
  • #232
  • Nov 12, 2013 2:58pm Nov 12, 2013 2:58pm
Quoting Quidsey
{quote} ....me too Your USDCHF was spot on, 9189 nice TP.
I was out @ 9176 (1.5 R)
  • #233
  • Nov 12, 2013 3:53pm Nov 12, 2013 3:53pm
Quoting mmaker
{quote} Hello Quidsey, In the EU picture, I noted the pink circle where I would have looked for the entry to short on the other side of the peak formation, at the pink arrow 1.34466. But it seems your entry is much higher at the peak formation 1.3455 area. Can you show me how you determine that higher entry point? Is that reason visible on this picture? Did you get out at +5 or +30? Sorry I didn't understand those words. {image}
Hi, if you go to a 30M chart you will see other swing lows to the left of the bearish spike providing a possible flip zone, this is where I was looking for a reaction. When price arrives into these zones I go down to smaller timeframes to execute and manage the trade.

I got +30 out of the trade but it was more by luck than judgement. I was over optimistic about the FTA so I moved my TP closer to where it should of been in the first place, moved the SL up to breakeven and hoped...... never a good strategy, which is why even though it's a win it's a poorly managed trade.
  • #234
  • Nov 13, 2013 9:25am Nov 13, 2013 9:25am
FTA is a common abbreviation of First Trouble Area. It is normally my target. It is a judgement call, it is where I expect my trade to encounter resistance, sometimes they are obvious sometimes they are not, sometimes they are confusing.

When trying to define the FTA I look at the markets previous structure for clues, and in this case I had a choice of two. I "optimistically" chose the second one because I was "optimistic" about the potential of the trade, my "optimism" was mis-placed along with the FTA.
  • #235
  • Nov 13, 2013 4:45pm Nov 13, 2013 4:45pm
Hi Quidsey....I was hoping to spend some time with your thread but unfortunately I just don't have much time to spend on FF at the moment. Though I just wanted to follow up on the message I sent you so you don't think I'm a total flake.

I just grabbed this chart yesterday on the EC...I did not take the set-up because my free margin was taking a hit and several of the other Euro pairs were surging at that time. It's also a bit too low on the supply curve for sells. However...It is a nice example of your style of SR/SD and the supply_demand_zone indicator confluence, which I like quite a bit....I think it works well.

I would look for this confluence really ( with the supply/demand indi ) only for placing and trading with limit orders overnight or when I cannot be at my desk....otherswise I would just trade the PA off your levels.

Here are two charts from yesterday and today...the EC 1H...possible limit order sells would be placed at the pink arrows. There was a reaction at the zone but not much. Trading at the edges is better which I think you even mentioned earlier in your thread.

Anyhow...just an idea.

Cheers,
Bryn
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  • #236
  • Nov 14, 2013 1:14am Nov 14, 2013 1:14am
No worries mate, thanks for your input.

All the best.
  • #237
  • Nov 14, 2013 1:43am Nov 14, 2013 1:43am
Not a lot out there for me except two possible shorts EU 3533 & GU 6100. Still in gold for the moment. No fill in the Aussie.
  • #238
  • Nov 14, 2013 1:08pm Nov 14, 2013 1:08pm
£dollar, happy with this one, came straight off the bat for nearly 5R. I could now be following up with the SL but I had a plan, I followed the plan and that's that.

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Big old weekly chart

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  • #239
  • Nov 14, 2013 3:01pm Nov 14, 2013 3:01pm
Quoting Quidsey
£dollar, happy with this one, came straight off the bat for nearly 5R.
Nice trade. Also good call on GU 6100.

I noticed you had numerous posts on "Fail Better" thread. Are you still trading RR and SFP? I know U/U uses same concept of support and resistance, but its application is slight different from those of RR and SFP.

Many thanks,
  • #240
  • Nov 14, 2013 4:15pm Nov 14, 2013 4:15pm
Yes I do.

Tom's strategies are solid, what he shares in that thread works and I've spent a lot of time studying it and made money using it. I took an SFP trade on UC even today.

I'd recommend downloading the PDF I slung together of just his stuff to get you up to speed if you want to get into it, you might wish to attend his free webinar on Sunday nights if you're feeling really keen

I used to post a lot there but things change and I stopped all forum stuff to concentrate fully on my trading.

What I started here is really just a personal development of all that S&R and S&D stuff mixed with an unquenchable curiosity in trading.
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