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Up and under price pattern

  • #721
  • Nov 6, 2016 7:54am Nov 6, 2016 7:54am
Quoting FX5Star
{quote} Hi mertch, you mentioned about MPL few times. you said MPL=supply or demand. Is that mean MPL = supply or demand at extreme swing high or swing low? If not , can please you explain more about it ?
Hi FX5Start,

Is this ok?

I say MPL (max pain level) instead of supply or demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: qm.png Size: 16 KB
  • #722
  • Nov 6, 2016 8:28am Nov 6, 2016 8:28am
Quoting mertch
{quote} Hi FX5Start, Is this ok? I say MPL (max pain level) instead of supply or demand zone. {image}
Thanks for the reply .
Is MPL (max pain level) always at extreme?
  • #723
  • Nov 6, 2016 8:29am Nov 6, 2016 8:29am
Quoting FX5Star
{quote} Thanks for the comment . I re draw the UCAD. What do you think about this UCAD 4H setup? {image}
The sequence is L - H - LL - HH, you've set H - L - LL

I would set my L H elsewhere.
Always look reaction at levels, don't enter as a blind man. Look M1 on them. If your levels are good and it's going against you, those levels that was resistance will became support & vice versa. Then the price will resume and go to the next level.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 67 KB
  • #724
  • Nov 6, 2016 8:33am Nov 6, 2016 8:33am
Quoting FX5Star
{quote} Thanks for the reply . Is MPL (max pain level) always at extreme?
Yes extreme of a move. You let them make the first move (MPL), then on return you look if there is PA in that zone (in our case QM is the Price Action).
  • #725
  • Nov 6, 2016 8:46am Nov 6, 2016 8:46am
Quoting mertch
{quote} Yes extreme of a move. You let them make the first move (MPL), then on return you look if there is PA in that zone (in our case QM is the Price Action).
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #726
  • Nov 6, 2016 10:34am Nov 6, 2016 10:34am
Quoting mertch
GU is recovering from a drop. I would need more PA to confirm that the actual low is really the low that we are looking for. I won't gamble to find the low for sure. This is the level I see The big flag (FTR) to the left is still in play. {image}
Hi all,
my close is well above the one in that chart.

LMAX spot:
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-11-06 17_30_07 - [EURUSD.lmx,H4].png Size: 59 KB


CME's future:
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-11-06 17_29_17.png Size: 57 KB


Do you think this is the HH? If so, why don't short it?
Have a nice sunday
  • #727
  • Nov 6, 2016 11:21am Nov 6, 2016 11:21am
Quoting Al3cs
{quote} Hi all, my close is well above the one in that chart. LMAX spot: {image} CME's future: {image} Do you think this is the HH? If so, why don't short it? Have a nice sunday
Hi AL3cs,

Why not wait at those levels and look the reaction first. You can't take them all as granted.
M1 will give you some PA if it's the level.

Keep doing your nice Job
  • #728
  • Nov 6, 2016 6:58pm Nov 6, 2016 6:58pm
Quoting mertch
{quote} The sequence is L - H - LL - HH, you've set H - L - LL I would set my L H elsewhere. Always look reaction at levels, don't enter as a blind man. Look M1 on them. If your levels are good and it's going against you, those levels that was resistance will became support & vice versa. Then the price will resume and go to the next level. {image}
Few more questions hope you dont mind.

1 Do you always look M1 for a confirmation before you enter a trade?

2 When you look M1 on levels what kind of reaction do you particularly looking for ?

Thanks.
  • #729
  • Nov 6, 2016 8:46pm Nov 6, 2016 8:46pm
May I know if this is a valid setup? Im still trying to train my eyes seeing this set up, needs more training though definitely.
Attached Image (click to enlarge)
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And also this one?
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Click to Enlarge Name: AUDJPYH4.png Size: 29 KB
  • #730
  • Nov 6, 2016 11:24pm Nov 6, 2016 11:24pm
They look like reasonable setups..Thanks for the ideas..Also the NZDUSD on the weekly (daily) looks interesting
Attached Image (click to enlarge)
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  • #731
  • Nov 7, 2016 8:58pm Nov 7, 2016 8:58pm
SL in place if needed...


Attached Image (click to enlarge)
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  • #732
  • Nov 7, 2016 9:30pm Nov 7, 2016 9:30pm
Quoting kesterpogz
May I know if this is a valid setup? Im still trying to train my eyes seeing this set up, needs more training though definitely. {image} And also this one? {image}
Your levels was set correctly (maybe I would have set H even lower) , MPL was there, LL didn't hit valuable target, sequence was ok. Market has decide to go for extreme of MPL witch is Diamond trade ( an other PA pattern). No confirmation yet.

Still a nice setup

We've seen euraud that worked yesterday, seamless but was stop by Flag Limit instead of MPL
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 57 KB
  • #733
  • Nov 7, 2016 9:37pm Nov 7, 2016 9:37pm
Quoting FX5Star
{quote} Few more questions hope you dont mind. 1 Do you always look M1 for a confirmation before you enter a trade? 2 When you look M1 on levels what kind of reaction do you particularly looking for ? Thanks.
1 - Yes I always look M1
2- I wait for qm or even Diamond, I can even try FO level HH(short) or LL(long) but I need some PA below it after a trade. I won't stay in a lost situation.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 26 KB
  • #734
  • Nov 7, 2016 9:48pm Nov 7, 2016 9:48pm
Quoting mertch
{quote} 1 - Yes I always look M1 ...
Sell entry came from H4, right?
  • #735
  • Nov 7, 2016 9:51pm Nov 7, 2016 9:51pm
Quoting ruma29
{quote} Sell entry came from H4, right?
Nice
  • #736
  • Nov 7, 2016 9:51pm Nov 7, 2016 9:51pm
Quoting mertch
{quote} Nice
And the origin?
  • #737
  • Nov 7, 2016 10:00pm Nov 7, 2016 10:00pm
Quoting mertch
{quote} And the origin?
Same, part of QM in H4.
  • #738
  • Nov 7, 2016 10:01pm Nov 7, 2016 10:01pm
Quoting ruma29
{quote} Same, part of QM in H4.
Show me
  • #739
  • Nov 7, 2016 10:24pm Nov 7, 2016 10:24pm
Quoting mertch
{quote} Show me
sure then you show how so precisely you entered sell on M1. OK? confirm yes or no.
  • #740
  • Nov 7, 2016 10:29pm Nov 7, 2016 10:29pm
Quoting ruma29
{quote} sure then you show how so precisely entered sell on M1. OK?
If you show me the origin of that move, I'll show how to enter those levels precisely, but I need the right anwser by you or any others here.
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