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Up and under price pattern

  • #341
  • Oct 14, 2014 1:27am Oct 14, 2014 1:27am
Quoting alifari
{quote} 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. {image}
Nice explanation thanks.

This I wasn't expecting but hey I'll take it, no idea why this happened.

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  • #342
  • Oct 14, 2014 4:57am Oct 14, 2014 4:57am
Quoting Quidsey
{quote} Nice explanation thanks. This I wasn't expecting but hey I'll take it, no idea why this happened. {image}
Excellent trade

I firmly believe this..................
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The purpose of knowledge is action, not knowledge
  • #343
  • Oct 14, 2014 1:47pm Oct 14, 2014 1:47pm
Quoting Quidsey
{quote} Nice explanation thanks. This I wasn't expecting but hey I'll take it, no idea why this happened. {image}

Hello Quidsey,

Why "Buy level" is not on other "low"? as I understand, last swing was lower? see my screenchot

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  • #344
  • Oct 14, 2014 3:22pm Oct 14, 2014 3:22pm
Quoting fibo237
{quote} Hello Quidsey, Why "Buy level" is not on other "low"? as I understand, last swing was lower? see my screenchot {image}
Hi Fib,
Yes you're right, it was risky. Technically dodgy.

The trade was not normal for me, I'm not a perfect trader, sometimes I still break rank and the discipline goes.

The reason I took it was structurally it looked like a probable continuation of the buying from 2607.

The 15 point stop was all I was willing to risk for the size I was trading, so a bit of a fudge between good MM and technical placement.

Yes I could have adjusted the size but I took the risk instead.

I got lucky.
  • #345
  • Oct 15, 2014 7:11am Oct 15, 2014 7:11am
Last charts for a while I think, need to take a break from FF.

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All the best Q.
  • #346
  • Oct 15, 2014 7:14am Oct 15, 2014 7:14am
Lovely. All the best - Enjoy your break
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #347
  • Oct 15, 2014 10:10am Oct 15, 2014 10:10am
Quoting fisheggs
Lovely. All the best - Enjoy your break
Cheers fishy
  • #348
  • Oct 15, 2014 10:25am Oct 15, 2014 10:25am
Someone pm'd me earlier so this is for you... remember nothing's set in stone, the market does what it want's but trade your plan, be consistent, and things will work out........

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  • #349
  • Oct 16, 2014 3:06am Oct 16, 2014 3:06am
Quoting Quidsey
Someone pm'd me earlier so this is for you... remember nothing's set in stone, the market does what it want's but trade your plan, be consistent, and things will work out........ {image} {image} {image}
thnx for your explanation Quidsey.

here i am looking at this setup, waiting for the bottom level to get hit.
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  • #350
  • Oct 16, 2014 5:03am Oct 16, 2014 5:03am
Quoting aamirgpi
{quote} thnx for your explanation Quidsey. here i am looking at this setup, waiting for the bottom level to get hit. {image}
i took this long setup which hit my stop loss, then i took it short on retest with the target of my stop loss recovery only. Profit could be more as it dropped very nicely. but i am happy for my stop loss recovery.
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  • #351
  • Oct 16, 2014 6:41am Oct 16, 2014 6:41am
AUDUSD M15 LONG TRADE

Trade Result +1.40R
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The purpose of knowledge is action, not knowledge
  • #352
  • Oct 21, 2014 6:36pm Oct 21, 2014 6:36pm
Found this setup today, it worked nicely for around 1:6 RR
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  • #353
  • Oct 22, 2014 7:59am Oct 22, 2014 7:59am
aussie is running down after hitting...
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  • #354
  • Oct 22, 2014 8:04am Oct 22, 2014 8:04am
waiting for it to test.
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  • #355
  • Oct 23, 2014 3:45am Oct 23, 2014 3:45am
Hello Quidsey,

I am new trader & hope this thread help me a lot…I am trying to follow this…lets Rock on Trade
  • #356
  • Oct 23, 2014 3:49am Oct 23, 2014 3:49am
Quoting aamirgpi
waiting for it to test. {image}
entry missed by 9 pips and EJ is up +100 pips after eur news....
  • #357
  • Oct 23, 2014 3:50am Oct 23, 2014 3:50am
Quoting muhitalam
Hello Quidsey, I am new trader & hope this thread help me a lot…I am trying to follow this…lets Rock on Trade
good to see someone is posting..... Quidsey is away for sometime but will be back, keep on posting all members
  • #358
  • Oct 28, 2014 12:21pm Oct 28, 2014 12:21pm
A trader asked via PM about which pair to trade, and correlation issues.

Today you had the same trade on two pairs nearly 100% negatively correlated, but which set-up to take? EU Long, or UC short.

Both end up being winning trades but the Swissy pattern showed a clearer picture and allowed a better stop placement and greater RR, 10-15pips instead of 20-25pips.

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  • #359
  • Oct 28, 2014 12:29pm Oct 28, 2014 12:29pm
Quoting aamirgpi
{quote} good to see someone is posting..... Quidsey is away for sometime but will be back, keep on posting all members
I admire your enthusiasm but honestly I like things nice and quiet

Please feel free to post your set-ups.
  • #360
  • Oct 28, 2014 8:43pm Oct 28, 2014 8:43pm
Quoting Quidsey
A trader asked via PM about which pair to trade, and correlation issues. Today you had the same trade on two pairs nearly 100% negatively correlated, but which set-up to take? EU Long, or UC short. Both end up being winning trades but the Swissy pattern showed a clearer picture and allowed a better stop placement and greater RR, 10-15pips instead of 20-25pips. {image} {image} {image} {image}
I guess it's me to send you the PM. Haha...good to learn from you, Quidsey. Though the Method is not difficult but still need to be practice.
My Trade on AJ, first trade is winner, the second is loser. You may ask why I not enter in second point when Pullback...because I'm in sleep during that time...

BTW, how many pairs you trade? I'm looking for 14 pairs...seems too many pair to do. Really time consuming to flip one by one and find the proper setup or you just place limit order at that position then wait price to go to that level?
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