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Up and under price pattern

  • #861
  • Nov 16, 2016 3:03am Nov 16, 2016 3:03am
Quoting kesterpogz
{quote} Much better than not sticking to the rules, or should have put to BE?
Everything was according to my rules.
Target was higher since I took this trade in combination with HTF

Lets see if it was a fake out or if price wants to go lower.

If price engulfs the red line,then it was a fake out and most likely is going to continue higher

Attached Image (click to enlarge)
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If not,then it may go down,to the fresh demand at 1.06698

Attached Image (click to enlarge)
Click to Enlarge Name: fd064868975c40609bcb17ee002a7103.png Size: 2.1 MB


Will be watching for reaction there
  • #862
  • Nov 16, 2016 3:13am Nov 16, 2016 3:13am
Quoting timos
{quote} Got stopped as well. The irony is that I had 40 pips profit with 10 pips sl,yet I didn't close it {image}
That's why i use the partial, yea i got the stops also but with profit anyway
Below is EurUsd pair today describe with step by step of my trade
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: UP2.png Size: 55 KB

Attached Image (click to enlarge)
Click to Enlarge Name: UP3.png Size: 53 KB

Attached Image (click to enlarge)
Click to Enlarge Name: UP4.png Size: 53 KB

Attached Image (click to enlarge)
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  • #863
  • Nov 16, 2016 3:18am Nov 16, 2016 3:18am
Quoting batus
{quote} That's why i use the partial, yea i got the stops also but with profit anyway Below is EurUsd pair today describe with step by step of my trade {image} {image} {image} {image} {image}
Hello Batus.
Partial close is a good MM but my MM is different that's why I let the whole order run

Thanks for your input though.
  • #864
  • Nov 16, 2016 3:30am Nov 16, 2016 3:30am
Quoting timos
{quote} Hello Batus. Partial close is a good MM but my MM is different that's why I let the whole order run Thanks for your input though.
Oh..i understand haha, ur welcome mate
  • #865
  • Nov 16, 2016 3:44am Nov 16, 2016 3:44am
Quoting kesterpogz
AUDUSD {image}
Attached Image (click to enlarge)
Click to Enlarge Name: aa.png Size: 94 KB
  • #866
  • Nov 16, 2016 3:51am Nov 16, 2016 3:51am
Quoting batus
{quote} That's why i use the partial, yea i got the stops also but with profit anyway Below is EurUsd pair today describe with step by step of my trade {image} {image} {image} {image} {image}
Nailing the over-unders; kudos
  • #867
  • Nov 16, 2016 4:22am Nov 16, 2016 4:22am
Here's another looser, USDCHF
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 26 KB
  • #868
  • Nov 16, 2016 4:23am Nov 16, 2016 4:23am
Quoting kesterpogz
Here's another looser, USDCHF {image}
keep in mind that USD/CHF and EUR/USD are 90%+ correlated.
If you loose in one of them,you're most likely to lose the other one too.
  • #869
  • Nov 16, 2016 6:22am Nov 16, 2016 6:22am
Quoting kesterpogz
Here's another looser, USDCHF {image}
Not too obvious HHLL, i won't take it.

Quoting timos
{quote} keep in mind that USD/CHF and EUR/USD are 90%+ correlated. If you loose in one of them,you're most likely to lose the other one too.
Agreed
  • #870
  • Nov 16, 2016 9:29am Nov 16, 2016 9:29am
Looooookk at this b*tch!!! UC 5min
I set a pending order and went out

Attached Image (click to enlarge)
Click to Enlarge Name: 686511dbc6864573ad53a8f7710b88c2.png Size: 3.8 MB


Order is not filled for less than a pip!!!
  • #871
  • Nov 16, 2016 10:21am Nov 16, 2016 10:21am
Attached Image (click to enlarge)
Click to Enlarge Name: 9.png Size: 46 KB
  • #872
  • Nov 16, 2016 10:57am Nov 16, 2016 10:57am
Quoting timos
Looooookk at this b*tch!!! UC 5min I set a pending order and went out {image} Order is not filled for less than a pip!!!
They say never chase the markets because there is another opportunity sitting around in the corner..!!!

I present you the 0 Drowdon entry!!

UJ 5 min before (the green bold rectangle is the HTF supply from the left)

Attached Image (click to enlarge)
Click to Enlarge Name: 11.16.2016-18.48.png Size: 2.1 MB


UJ 5 min after

Attached Image (click to enlarge)
Click to Enlarge Name: 11.16.2016-18.50.png Size: 2.1 MB


1min chart where my pending order was set

Attached Image (click to enlarge)
Click to Enlarge Name: 11.16.2016-18.52.png Size: 2.1 MB
  • #873
  • Nov 16, 2016 11:12am Nov 16, 2016 11:12am
Quoting timos
{quote} Everything was according to my rules. Target was higher since I took this trade in combination with HTF Lets see if it was a fake out or if price wants to go lower. If price engulfs the red line,then it was a fake out and most likely is going to continue higher {image} If not,then it may go down,to the fresh demand at 1.06698 {image} Will be watching for reaction there
Eur/Usd reacted well to this level
Before:
Attached Image (click to enlarge)
Click to Enlarge Name: fd064868975c40609bcb17ee002a7103.png Size: 2.1 MB

Now:
Attached Image (click to enlarge)
Click to Enlarge Name: e792b09b0b024f5bb8d6379a7fba28f9.png Size: 2.8 MB


It is next on my watch list along with nzd/usd & aud/usd
  • #874
  • Nov 16, 2016 11:22am Nov 16, 2016 11:22am
Quoting websmith
{image}
To me this looks more like a S/R flip,aka support becomes resistance

Attached Image (click to enlarge)
Click to Enlarge Name: 1665df2216d24af08c71f44979957d76.png Size: 273 KB

The valid LL would be way below my red rectangle.

Also,take in consideration if there is any fresh & good supply at the level you're trying to sell,if not,you don't have any significant edge.

Up and under price pattern (QM) happens in every timeframe & level but is our job to filter the important levels and the important QM

A QM in the middle of nowhere means nothing at all...

Good luck
  • #875
  • Nov 16, 2016 11:54am Nov 16, 2016 11:54am
Attached Image (click to enlarge)
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  • #876
  • Nov 16, 2016 12:26pm Nov 16, 2016 12:26pm
Quoting timos
{quote} They say never chase the markets because there is another opportunity sitting around in the corner..!!! I present you the 0 Drowdon entry!! UJ 5 min before (the green bold rectangle is the HTF supply from the left) {image} UJ 5 min after {image} 1min chart where my pending order was set {image}
Always impressive. Where those bold lines come from? some zoom-out chart, different TF?
  • #877
  • Nov 16, 2016 12:36pm Nov 16, 2016 12:36pm
Quoting ruma29
{quote} Always impressive. Where those bold lines come from? some zoom-out chart, different TF?
4h & Daily levels
Attached Image (click to enlarge)
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  • #878
  • Nov 16, 2016 12:43pm Nov 16, 2016 12:43pm
Quoting timos
{quote} 4h & Daily levels {image}
Thank you. , will copy that.
  • #879
  • Nov 16, 2016 3:10pm Nov 16, 2016 3:10pm
Please keep it to QMs only. Starting to get to much junk posts in here.
  • #880
  • Nov 16, 2016 10:45pm Nov 16, 2016 10:45pm
Quoting timos
Looooookk at this b*tch!!! UC 5min I set a pending order and went out {image} Order is not filled for less than a pip!!!
is this a up under pattern? Can you mark the label please so we can see the entry?
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