Up and under price pattern | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price pattern scanner where I choose the pattern 4 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Price Action and Chart Pattern Trading 5 replies

Am i under under-capitalized? 6 replies

Price action pattern, and random thoughts 6 replies

Attachments: Up and under price pattern
Exit Attachments

Up and under price pattern

  • #321
  • Sep 22, 2014 9:39pm Sep 22, 2014 9:39pm
This is an awesome thread Quidsey. Your recent chart showing how the broken levels have been respected has been an amazing insight for me. This pattern is everywhere.
  • #322
  • Sep 23, 2014 7:51am Sep 23, 2014 7:51am
Excellent guys, hope you make it work for you.

  • #323
  • Sep 25, 2014 5:36am Sep 25, 2014 5:36am
hello quidsey

can u kindly show us a chart on the dax30 1 h with your lines please

thanks
  • #324
  • Sep 25, 2014 3:41pm Sep 25, 2014 3:41pm
Quoting orohena
hello quidsey can u kindly show us a chart on the dax30 1 h with your lines please thanks
Same principles apply, recent swing broken shoulder 9597 for a short, 9419 long, 9778 short, let's see what happens.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 30.png Size: 52 KB
  • #325
  • Sep 26, 2014 6:26am Sep 26, 2014 6:26am
Quoting Quidsey
{quote} Same principles apply, recent swing broken shoulder 9597 for a short, 9419 long, 9778 short, let's see what happens. {image}
happy Friday ! thanks

so the issue is the most important point is HH -1 or LL -1 correct ?

Attached Image




see uuu
  • #326
  • Sep 26, 2014 12:51pm Sep 26, 2014 12:51pm
Quoting orohena
{quote} happy Friday ! thanks so the issue is the most important point is HH -1 or LL -1 correct ? {image} see uuu
Stop wanking and start trading.

Attached Image (click to enlarge)
Click to Enlarge Name: EU 240914.jpeg Size: 178 KB
  • #327
  • Sep 30, 2014 9:48am Sep 30, 2014 9:48am
Hi Quidsey - fellow rugby fan so like the thread!

Is this a valid U&U on the NU?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD(5 Minutes)20140930152515.png Size: 48 KB
  • #328
  • Oct 1, 2014 6:33am Oct 1, 2014 6:33am
Quoting rich_tee
Hi Quidsey - fellow rugby fan so like the thread! Is this a valid U&U on the NU? {image}
Hi Rich, yeah four nations coming up.

NZDUSD, a dogs dinner of a pair.

I don't trade it anyway, but I personally wouldn't have gone for that trade.

I want to see the trigger level much closer to the swing high/low, and the swing high/low itself is too complicated with those three tops, there's no clear picture of supply and demand there for me.

Attached Image (click to enlarge)
Click to Enlarge Name: QUASIMODO.png Size: 26 KB
  • #329
  • Oct 2, 2014 3:38am Oct 2, 2014 3:38am
League eh Quids? Union for me but I appreciate both. Went to watch Wigan v St Helens in the Martin Offiah days - superb experience.

Thanks for looking at my chart and the advice.

NU has been very good to me lately on the ride down - so I like it as a pair

I'll keep looking out for the U&Us as a bit of a sideline.

Cheers
  • #330
  • Oct 9, 2014 4:11pm Oct 9, 2014 4:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD.png Size: 36 KB
  • #331
  • Oct 10, 2014 12:40am Oct 10, 2014 12:40am
Subscribe , keep posting Quid.
  • #332
  • Oct 10, 2014 8:39am Oct 10, 2014 8:39am
Quoting orionfx
Subscribe , keep posting Quid.
Hi, here's this beautiful pattern in play on the USDJPY.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 15M.png Size: 34 KB
  • #333
  • Oct 10, 2014 11:23am Oct 10, 2014 11:23am
Quidsey,

Nice thread and thanks for sharing your strategy.

Here is one I noticed on H1 EURNZD today, entry missed by few pips but structure wise looks good.
Attached Image (click to enlarge)
Click to Enlarge Name: 1-EURNZDH1.png Size: 34 KB
The purpose of knowledge is action, not knowledge
  • #334
  • Oct 10, 2014 12:12pm Oct 10, 2014 12:12pm
Quidsey,

As illustrated in your charts, this pattern has the potential to give some great R, if a trader decide to run it further than FTA, as imo majority of the time this pattern and entry level turns out to be start of trend reversal.

Beside my main strategy which is Supply & Demand based, in next few weeks, I will do some back testing running different trade management scenario to see which one is more profitable. Moreover, I will keep forward testing this strategy on demo & live environment too.

One of the other advantage of this pattern is even the failed trade could be taken on the retest of the broken level, enabling trader to recover from earlier losses plus more trading opportunities.
The purpose of knowledge is action, not knowledge
  • #335
  • Oct 10, 2014 2:48pm Oct 10, 2014 2:48pm
EURCAD H1 potential sell level
Attached Image (click to enlarge)
Click to Enlarge Name: 2-EURCADH1.png Size: 40 KB
The purpose of knowledge is action, not knowledge
  • #336
  • Oct 11, 2014 3:48pm Oct 11, 2014 3:48pm
Quoting alifari
Quidsey, Nice thread and thanks for sharing your strategy. Here is one I noticed on H1 EURNZD today, entry missed by few pips but structure wise looks good. {image}
Hi, nice charts, and yeah good structure.

I trade off the line to try and get the best price but sometimes it turns before, as seen here. I can live with that and just look for another trade but there are many ways to skin this rabbit.
  • #337
  • Oct 11, 2014 3:50pm Oct 11, 2014 3:50pm
Quoting alifari
Quidsey, As illustrated in your charts, this pattern has the potential to give some great R, if a trader decide to run it further than FTA, as imo majority of the time this pattern and entry level turns out to be start of trend reversal. Beside my main strategy which is Supply & Demand based, in next few weeks, I will do some back testing running different trade management scenario to see which one is more profitable. Moreover, I will keep forward testing this strategy on demo & live environment too. One of the other advantage of this pattern is...
Totally agree, hope it works out for you.
  • #338
  • Oct 11, 2014 3:54pm Oct 11, 2014 3:54pm
Quoting alifari
EURCAD H1 potential sell level {image}
Apart from the fact that I don't have any experience with these crosses that looks good, I like to see a nice sharp sell off like that.
  • #339
  • Oct 13, 2014 3:03pm Oct 13, 2014 3:03pm
Quoting alifari
EURCAD H1 potential sell level {image}
How did you get on? looks like a bit of a chop fest.

At the same moment you could have taken the same trade on EURUSD (2692) with a smaller spread and just 5-7pip drawdown, and it went for 40pips.

Even better was EURUSD long @2608. I went long earlier @2666 stop @BE now, you never know might get a runner.

I just don't see the attraction of these exotic pairs but each to there own.
  • #340
  • Oct 13, 2014 11:53pm Oct 13, 2014 11:53pm
Quoting Quidsey
{quote} How did you get on? looks like a bit of a chop fest. At the same moment you could have taken the same trade on EURUSD (2692) with a smaller spread and just 5-7pip drawdown, and it went for 40pips. Even better was EURUSD long @2608. I went long earlier @2666 stop @BE now, you never know might get a runner. I just don't see the attraction of these exotic pairs but each to there own.
Hi,

Didn't take any trades on Monday due to holiday in Japan, US & Canada in anticipation of low liquidity.

Plus the trade triggered out of my active trading time. I mainly trade from London open to close only. Over the years I have realized that I do well on trades, where I am actively managing trades as the price action unfolds.

Looking at it now, it would have been about 0.25R loss for me on this trade. See trade comments on charts.

The two EURUSD levels you mentioned were quite attractive.
Attached Image (click to enlarge)
Click to Enlarge Name: 6-EURCADH1.png Size: 46 KB
The purpose of knowledge is action, not knowledge
3 traders viewing now