Just entered Short in the USDCHF Quasimodo / ATR (Average True Range) confluence...we'll see.{image}
imho.
- #302
- Jan 7, 2014 2:01pm Jan 7, 2014 2:01pm
Looking at EU, two areas below price to potentially get long but these are not the best set-ups in my view. A flip trade short looks promising if it comes back to that level and even a long if price breaks back through. {image}
{quote} Whatever happens next DT that is a top trade entry mate
Thanks Quidsey...always nice to get feedback...good and bad.
I moved my stop to just above the pin bar. Almost a free trade at this point...I had a really good entry. That is one of the things I really like about these setups are that you tend to get great entries. Hoping she holds.
- #304
- Jan 7, 2014 3:16pm Jan 7, 2014 3:16pm
{quote} Thanks Quidsey...always nice to get feedback...good and bad. I moved my stop to just above the pin bar. Almost a free trade at this point...I had a really good entry. That is one of the things I really like about these setups are that you tend to get great entries. Hoping she holds.{image}
Short 1.0780 UC looking for 0728.
- #305
- Jan 7, 2014 4:40pm Jan 7, 2014 4:40pm
{quote} Well it's a fractal pattern so you can find it everywhere, M1 to 1M. Not sure what you mean by the best, can you quantify that? I find the 30m tf easier 'visually' to find the pattern on but that's about it, and it fit's on my screen. I could take a screenshot of the same pattern in 5M, 15M, Hourly, it wouldn't make any difference, but maybe I'm misunderstanding you.
So it's up to trader to find TF which suits him best.
:: everything is awesome ::
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- #313
- Aug 28, 2014 5:44am Aug 28, 2014 5:44am
Currently in this one albeit early due to the D1 & W1 SFP. {image} {image}
Where was your stop?
Today on a totally different scale....
- #315
- Aug 28, 2014 6:45am Aug 28, 2014 6:45am
{quote} EURUSD has been pretty sweet with these setups with the prevailing trend.
Not to be overly poetic but I believe they are really the pulse of the market.
Great way to get some High RR trades if they run a bit and if you can hang on.
- #316
- Aug 28, 2014 1:14pm Aug 28, 2014 1:14pm
- Joined May 2011 | Status: Trader | 1,374 Posts
So, basically you are trading Quasimodo levels
-milkeyway
- #317
- Aug 28, 2014 1:49pm Aug 28, 2014 1:49pm
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.
- #320
- Sep 22, 2014 3:02pm Sep 22, 2014 3:02pm
Sweet!
I'm finding the broken ones are just as good on the other side. Just got to get some more stats and build a coherent,rule based way to trade these.
I'm finding the broken ones are just as good on the other side. Just got to get some more stats and build a coherent,rule based way to trade these.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci