Up and under price pattern

Nice cmac.

I lost my GBPJPY bet, not even a ripple

UC went short 0558 into 0526.

Wanted EU 3560 today but never got there.

Hi Quidsey,

Lovely thread you are running here! BRV style

Thanks vox dei but I think it's run it's course.

Here's one for the road.

I think it could keep going, Quidsey. There just hadn't been a setup in a while for me.

Check it out...same trade

..... excellent, that's funny

Yes I agree about the patterns prevalence at the moment.

I'm currently holding 103.30 UJ off the D1, SL @102.85 now. Looking at support coming in at 102.35 and 102.17, session change and a NY reversal could threaten the party.

Same play. 96.5% positive correlation with UJ on the D1.

EU looking @ 3793 and 3825 for reaction.

Top job mate.

is this a true entry ( long ) on gbp/usd ??

Hi, short answer is yes. Big RN 6300 level. With HTF trend.

The fact that the low is an NFP spike puts me off, but that's just me.

I was looking for the short from 6475 that never happened. Second chance SR flip @6420 order missed too.

GU turned out to be a loss



Got more than I lost back from this though



And I missed out on this winner



I am not really sure why this thread doesn't get more attention. This method has been very consistent for me so far with a better than 1:1 ratio on most trades. Maybe it is because the trades are infrequent, or maybe it is because there aren't 15 indicators on the chart. I don't know about that, but I know I am seeing good results so far. Thanks for the thread Quidsey!

Cool, me too.

I think most people trade this pattern as part of S&D so they'd trend towards those threads.

Some people won't entertain an idea without a TE attached which is fair enough, I respect that view even if I don't happen to share it.

To be honest mate if all this threads done is to get you going in a positive direction then I'm happy.

Took that EU trade off 3798, that's the kind I like, no drawdown and straight to FTA.

That GU really not worth the risk for me, the UC, had I taken it, I would have gone for 0580.

Trade of the month so far has to go to your Aussie short.... how's that for an entry?

Having a TradeExplorer or Myfxbook attached, even if Demo account, will certainly bring more attention to the thread. The reasoning being that most threads tend to show only the winning trade with detailed annotations and the associated praises, kudos and accolades. However with TradeExplorer we can see both winners and losers and how the risk-reward plays itself out in account growth or demise. I'm hoping one of the followers of this thread will share a TradeExplorer. In the Trading Systems Forum, only 4 threads had TradeExplorer out of the last 62 active threads.

I used to tell my brother when we first got into trading that you should always "watch your pockets". Pay attention to the empty space on your charts. In my personal opinion, many traders spend their time trying to orchestrate the perfect system with the perfect indicators and try to avoid being wrong as much as possible and this contributes to the lion's share of their frustration, disappointment, and failure. In the chart below, each circle represents a "pocket" in price action in the recently up-trending EURUSD pair. Each square represents a possible entry zone for a given trade. Personally, I divide my charts up in increments of quarters and use each quarter as an entry "zone". Essentially, I'd scale into positions at each quarter point that coincides with a "pocket" (the circles). If you look for it, you can find the same thing happening on any time frame as long as the market is trending to some degree. Heck, even when it's ranging you'll see it sometimes. Some of them work, some of them don't but, if you possess sound order and risk management, capitalization on such patterns is, frankly, incredibly easy. In my experience, I have seen that while traders waste so much time looking for the perfect system or indicator, they typically lose sight of a sound, structured way to view the market.

I'd say, yeah, you could attach a trade explorer or MyFXBook to the thread but, realistically, the approach is simple and sometimes, you get stopped out. Those two facts, in themselves, would keep many traders from seeing the value of the method. Quidsey, what you're sharing is very valuable, some folks won't see it because of it's simplicity and the fact that, well, it doesn't always work out. The results of such a trading method (or any method, really) will only be as good as the trader is at capitalizing on a given opportunity and limiting his/her risk. I think that one of the main reasons any good trader on this forum would neglect to share a trade explorer is the fact that they lose a lot. Every trader good or bad loses a lot. The good trader simply takes more profits when he wins than losses when he loses.

Bit unfair mmaker, people are showing their losers too, it is a fact of trading, there's no shame, and no ones handing out 'medals for heros' here as far as I can see but I know what your saying about kudos.

Personally I don't know if I want the hassle. You effectively increase your commitment to the thread and to explaining and justifying everything, the questions flood in the PM's flood in and the investment of time is not really feasible for me. The inevitable judgements wouldn't help me either, the list of negatives goes on.

The change in my "forum/life equilibrium" wouldn't work. If that sounds like a cop-out well.....

I've got nothing more invested in this than sharing a simple solid technique with comrades that some will try, and some won't. Someone like cmac picks it up and runs with it, someone else who never posts might get a tilt from looking at this or that chart and integrate or change something he's working on, this is what happens. This is why I put it out there.

Some may view it as complete shite.

Hi, you make some good points Bilstein, thanks for posting that's an interesting strategy and take on the markets.

I'm trying some similar stuff on the 1M charts at the moment with trending.

I think I have posted a chart for every trade I have taken with this method. I am not afraid to show a loser, it's just I haven't had many. I am posting because I thought it might be helpful to someone looking on. This pattern is easy to spot and gives you plenty of time to get ready for a setup.

Bilstein that charts looks pretty interesting and I would like to hear more about what you mean by quarters. Perhaps you would like to start a thread of your own. I think the "Watch your Pockets" thread would be a really good one.

Here is my latest chart, which I feel fortunate to have profited on...



...but man, zoomed in to the M1 chart you can see how spot on the entry level is, right to the pip!