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Up and under price pattern

  • #621
  • Oct 30, 2016 11:52pm Oct 30, 2016 11:52pm
Hi Batus!

Could you tell me how did you come out with the supply zone in your M5 USDJPY chart? All I can come up with is the old QM level that got engulfed (thick blue line), and the supply zone is the decision to that movement.

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Simplicity is the key to brilliance
  • #622
  • Oct 31, 2016 12:42am Oct 31, 2016 12:42am
Quoting LinFX
Hi Batus! Could you tell me how did you come out with the supply zone in your M5 USDJPY chart? All I can come up with is the old QM level that got engulfed (thick blue line), and the supply zone is the decision to that movement. {image}
The zone mostly traded is where the price react. Example that you show have 2 supply zone nearby.
The first rejected price area is called limit area. There is a specific price in there.
2nd times price rejected is called 2tb (make HH) & it react to the limit area also & failed.
This supply zone is considered strong zone & better watch out the PA there.
It may make a hike to the upper supply zone (this explains fakeout) if there is not enough order.
You can see the decision engulfed nearby & if you look further to the left tf M30, you will see what price react to.

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Basic sample of the zone:
Body to shadow/shadow only (explained in my blog)

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  • #623
  • Oct 31, 2016 5:10am Oct 31, 2016 5:10am
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  • #624
  • Oct 31, 2016 9:27am Oct 31, 2016 9:27am
Quoting mertch
{image}
Simply putting a picture isnt helping anyone to learn.
Try writing what you trying to show so everyone can understand...learn or comment
  • #625
  • Oct 31, 2016 10:04am Oct 31, 2016 10:04am
Quoting batus
{quote} Hi Linfx, I use this : http://www.forexfactory.com/showthre...21#post9184021 . When i find the same strength for all period for individual pair, then only i choose those pairs & not all 28 pairs in that meter. Oh, maybe i did not describe in the chart that makes everyone confused. Sorry for the inconvenience. Maybe it works for me but not for everybody. Then i think i failed to comply with the thread starter system. I will not post a chart again until it was clear & comply with thread system. Thank you for your feedback...
Can you teach us how exactly to use this meter to find your setup?
  • #626
  • Oct 31, 2016 11:24am Oct 31, 2016 11:24am
AU +65
50% lot closed
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  • #627
  • Oct 31, 2016 11:49am Oct 31, 2016 11:49am
Quoting devontrader
{quote} Simply putting a picture isnt helping anyone to learn. Try writing what you trying to show so everyone can understand...learn or comment
They said that this was up and under price pattern / QM
The sequence is H - L -HH -LL than H for entry short, or L - H - LL -HH - L for entry long.
Where I've put my upper line was sequence for short and my lower line for long.
Sorry, I was thinking that people already know it.

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  • #628
  • Oct 31, 2016 12:08pm Oct 31, 2016 12:08pm
>> Posts 623 and 627

Dear mertch,

My eyes teared when i saw your trades yesterday, If da vinci want to draw a trade it will be like yours, please don't stop from adding your trades here thank you aloooooooottt
  • #629
  • Oct 31, 2016 2:02pm Oct 31, 2016 2:02pm
Quoting mertch
{quote} They said that this was up and under price pattern / QM The sequence is H - L -HH -LL than H for entry short, or L - H - LL -HH - L for entry long. Where I've put my upper line was sequence for short and my lower line for long. Sorry, I was thinking that people already know it. {image}
Sorry wasnt meant to have a go.or be horrible....just find it hard to read pictures or posts....im.more a visual.person.
Â
Is.anyone on skype?
My id devonroadrunner
  • #630
  • Oct 31, 2016 2:12pm Oct 31, 2016 2:12pm
Quoting devontrader
{quote} Sorry wasnt meant to have a go.or be horrible....just find it hard to read pictures or posts....im.more a visual.person. Is.anyone on skype? My id devonroadrunner
Here's visual & simple
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  • #631
  • Oct 31, 2016 8:04pm Oct 31, 2016 8:04pm
Guys do you cancel pending older before NFP , rate decision , press conference , FOMC ?
  • #632
  • Oct 31, 2016 9:11pm Oct 31, 2016 9:11pm
USACAD weekly ..
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  • #633
  • Oct 31, 2016 9:40pm Oct 31, 2016 9:40pm
Setups are and can be very precise..RR is to your advantage,,
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  • #634
  • Oct 31, 2016 9:59pm Oct 31, 2016 9:59pm
Any pair,,,Any timeframe..Happy trading!
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  • #635
  • Oct 31, 2016 9:59pm Oct 31, 2016 9:59pm
Quoting saad007
AU +65 50% lot closed {image}
AU Closed.NU at +BE
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  • #636
  • Oct 31, 2016 10:13pm Oct 31, 2016 10:13pm
In it to win it..
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  • #637
  • Nov 1, 2016 1:16am Nov 1, 2016 1:16am
Quoting mertch
{quote} Not sure to follow you on this, can you chart what you mean?
So granted im not as knowledgeable as batius in this area, but from what I understand, since the blue candle touched the previous level of imbalance, the new level of imbalance that was not reached was the level of the red candle after the blue candle.
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  • #638
  • Nov 1, 2016 6:02am Nov 1, 2016 6:02am
Quoting cyguy
{quote} So granted im not as knowledgeable as batius in this area, but from what I understand, since the blue candle touched the previous level of imbalance, the new level of imbalance that was not reached was the level of the red candle after the blue candle. {image}
I never trade candles. I trade price only.

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  • #639
  • Nov 1, 2016 7:36am Nov 1, 2016 7:36am
Lovely..

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  • #640
  • Nov 1, 2016 8:55am Nov 1, 2016 8:55am
Edging this thing for now
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