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Up and under price pattern

  • #981
  • Dec 6, 2016 6:29pm Dec 6, 2016 6:29pm
Quoting Monsyd
Hi, if I should long again? {image}
That was a nice setup. Where was your SL?
  • #982
  • Dec 6, 2016 7:50pm Dec 6, 2016 7:50pm
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  • #983
  • Dec 7, 2016 2:17am Dec 7, 2016 2:17am
M1 on NAS100

Update: Closed @ 3R
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  • #984
  • Dec 7, 2016 9:25am Dec 7, 2016 9:25am
Hey guys, I've been studying this strategy as I think is the most solid out there. I'm having some issues understanding what points are ideal to consider. Could anybody share their opinions?

In the image below for example, why the initial point was the one circled and not the one marked with purple line. Also, wouldn't the yellow line be an entry too? Clearly it wouldn't have worked. But why? I understand we wont win all of course. Just want to understand what setups are considered valid in your opinion and which ones are not.

Thank you in advance.
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  • #985
  • Dec 7, 2016 9:34am Dec 7, 2016 9:34am
Quoting JAKammus
Hey guys, I've been studying this strategy as I think is the most solid out there. I'm having some issues understanding what points are ideal to consider. Could anybody share their opinions? In the image below for example, why the initial point was the one circled and not the one marked with purple line. Also, wouldn't the yellow line be an entry too? Clearly it wouldn't have worked. But why? I understand we wont win all of course. Just want to understand what setups are considered valid in your opinion and which ones are not. Thank you in advance....
I wont consider purple line as an entry, according to chart it looks like a libra pattern to me where the right tray is formed at the test of the doom level and stoploss is well below the previous low where the redline is, I will also consider valid short at the TP3 test of supply zone... just my tow cents...
  • #986
  • Dec 7, 2016 9:41am Dec 7, 2016 9:41am
Quoting JAKammus
Hey guys, I've been studying this strategy as I think is the most solid out there. I'm having some issues understanding what points are ideal to consider. Could anybody share their opinions? In the image below for example, why the initial point was the one circled and not the one marked with purple line. Also, wouldn't the yellow line be an entry too? Clearly it wouldn't have worked. But why? I understand we wont win all of course. Just want to understand what setups are considered valid in your opinion and which ones are not. Thank you in advance....
What instrument is this? I'll check it out as soon as I know.
  • #987
  • Dec 7, 2016 10:21am Dec 7, 2016 10:21am
Quoting mertch
{quote} What instrument is this? I'll check it out as soon as I know.
look at the left bottom , i think its 2013 Sept 13 , chart from earlier post
  • #988
  • Dec 7, 2016 10:24am Dec 7, 2016 10:24am
Quoting Baymax07
M1 on NAS100 Update: Closed @ 3R {image} {image}
thats very impressive. To the pip..
  • #989
  • Dec 7, 2016 11:50am Dec 7, 2016 11:50am
Quoting mertch
{quote} What instrument is this? I'll check it out as soon as I know.
It is Gold M5 chart from the next post - http://www.forexfactory.com/showthre...46#post6970146
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  • #990
  • Edited 12:45pm Dec 7, 2016 12:29pm | Edited 12:45pm
Quoting JAKammus
Hey guys, I've been studying this strategy as I think is the most solid out there. I'm having some issues understanding what points are ideal to consider. Could anybody share their opinions? In the image below for example, why the initial point was the one circled and not the one marked with purple line. Also, wouldn't the yellow line be an entry too? Clearly it wouldn't have worked. But why? I understand we wont win all of course. Just want to understand what setups are considered valid in your opinion and which ones are not. Thank you in advance....
>why the initial point was the one circled and not the one marked with purple line.

I think the purple looks like rather minor support level but the one circled is very strong with the confluence from H1/H4/D/W/Monthly charts.

>wouldn't the yellow line be an entry too?

I think it is a valid entry too but I don't have a courage to sell against such strong level.
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  • #991
  • Dec 7, 2016 1:06pm Dec 7, 2016 1:06pm
Quoting Kamnoi
{quote} >why the initial point was the one circled and not the one marked with purple line. I think the purple looks like rather minor support level but the one circled is very strong with the confluence from H1/H4/D/W/Monthly charts. >wouldn't the yellow line be an entry too? I think it is a valid entry too but I don't have a courage to sell against such strong level. {image} {image} {image}
Hi Kamnoi,

I think you've answer yourself with Weekly chart. I'll add on this

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  • #992
  • Dec 7, 2016 1:18pm Dec 7, 2016 1:18pm
Took bounce 50% out +45

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  • #993
  • Dec 7, 2016 9:06pm Dec 7, 2016 9:06pm
Quoting mertch
Took bounce 50% out +45 {image}
Money is made by sitting, not trading. Jesse L. Livermore
  • #994
  • Dec 7, 2016 11:09pm Dec 7, 2016 11:09pm
QM level from 11/16. lets see if it holds at that level and come back down.
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  • #995
  • Dec 8, 2016 12:26am Dec 8, 2016 12:26am
Quoting mertch
Took bounce 50% out +45 {image}
wow, that was so close..almost hit the SL
  • #996
  • Dec 8, 2016 10:25am Dec 8, 2016 10:25am
Quoting FX5Star
{quote} wow, that was so close..almost hit the SL
Seems I was on the wrong side, TP all this morning

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  • #997
  • Dec 8, 2016 10:40am Dec 8, 2016 10:40am
Quoting mertch
{quote} Seems I was on the wrong side, TP all this morning {image}
Hi mertch I think it's because the signal was already given for lower prices, it was only a RT
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Did the same only that your entry was way better
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Thanks for your charts, really awesome trading
the 3rd wave is the crowd's wave
  • #998
  • Dec 8, 2016 10:43am Dec 8, 2016 10:43am
This is new for you I guess but we must look at them

Inverted QM

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  • #999
  • Dec 8, 2016 7:21pm Dec 8, 2016 7:21pm
Quoting mertch
This is new for you I guess but we must look at them Inverted QM {image}
Please tell me where your original stoploss for this trade.
It's will help me a lot.
Thank you.
  • #1,000
  • Dec 9, 2016 12:51am Dec 9, 2016 12:51am
i will follow u.
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