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Up and under price pattern

  • #1,221
  • Jan 23, 2017 5:49am Jan 23, 2017 5:49am
Quoting BroX
{quote} Will u buy at 140.920?
Do you mean this level? It's 140.840ish in my broker. I don't see a level @ 140.920. You can show in a chart may be ?
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  • #1,222
  • Jan 23, 2017 5:53am Jan 23, 2017 5:53am
Closed GU @ 5R
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  • #1,223
  • Jan 23, 2017 6:57am Jan 23, 2017 6:57am
Quoting Baymax07
Closed GU @ 5R {image}
Hey man, thanks for sharing your ideas. Especially the loss one.
  • #1,224
  • Jan 23, 2017 7:00am Jan 23, 2017 7:00am
Quoting Baymax07
{quote} Do you mean this level? It's 140.840ish in my broker. I don't see a level @ 140.920. You can show in a chart may be ? {image}
I think he is talking about this level. Would you take that? what would it be your reasons?
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  • #1,225
  • Jan 23, 2017 7:36am Jan 23, 2017 7:36am
Quoting JAKammus
{quote} I think he is talking about this level. Would you take that? what would it be your reasons? {image}
I see it now, thanks.. I was looking at M1 so didn't see it at the first time. yeah the level looks really good but I want to see how price is coming down to the level. I want to see a compression and not a big drop to the level. A lot of time it still works and works really great if price makes a big drop or shoots up( in case we are looking at a QM for a sell) but I feel more comfortable when it does a compression.
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  • #1,226
  • Jan 23, 2017 7:54am Jan 23, 2017 7:54am
Quoting Baymax07
{quote} I see it now, thanks.. I was looking at M1 so didn't see it at the first time. yeah the level looks really good but I want to see how price is coming down to the level. I want to see a compression and not a big drop to the level. A lot of time it still works and works really great if price makes a big drop or shoots up( in case we are looking at a QM for a sell) but I feel more comfortable when it does a compression. {image}
Thanks for sharing that information.
  • #1,227
  • Jan 23, 2017 8:15am Jan 23, 2017 8:15am
Quoting Baymax07
{quote} I see it now, thanks.. I was looking at M1 so didn't see it at the first time. yeah the level looks really good but I want to see how price is coming down to the level. I want to see a compression and not a big drop to the level. A lot of time it still works and works really great if price makes a big drop or shoots up( in case we are looking at a QM for a sell) but I feel more comfortable when it does a compression. {image}
Yes, I was talking about this lvel. thanks for sharing your idea.
  • #1,228
  • Jan 23, 2017 8:39am Jan 23, 2017 8:39am
USDJPY
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  • #1,229
  • Jan 23, 2017 8:44am Jan 23, 2017 8:44am
Quoting ahhamidz
USDJPY {image}
TP
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  • #1,230
  • Jan 23, 2017 9:01am Jan 23, 2017 9:01am
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  • #1,231
  • Jan 23, 2017 9:28am Jan 23, 2017 9:28am
Quoting ruma29
USDJPYM30-QM.png;2151663 {image}
Or may be here for a much smaller risk
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  • #1,232
  • Jan 23, 2017 9:35am Jan 23, 2017 9:35am
Quoting Baymax07
{quote} Or may be here for a much smaller risk {image}
stopped +10. USD has to be monitored much more than ever before...
  • #1,233
  • Jan 23, 2017 1:03pm Jan 23, 2017 1:03pm
another try...

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what are chances that MMs screw up again?
  • #1,234
  • Jan 24, 2017 12:47am Jan 24, 2017 12:47am
Quoting copi88
This pattern is a very good trade setup. It becomes far more reliable if you use volume and cumulative deltas to analyse the price action. Its important to understand whether the new high or low formed is due to a withdrawal of liquidity and not from supply or demand.{image}
This is a gem on this thread.

GU was a great example of this last night, using just the tick vol. on cTrader and Bookmap for sighting orders; details below on charts.

Bookmap offers a little extra info, but is not necessary for this purpose; the presence of orders as they were does not always mean price will react as it did. Price can seek the orders and then react, price can seek the orders - penetrate and hold above, price can seek - penetrade and fade. Further study required from myself on aligning these with volume studies and PA to help differentiate each situation with more accuracy.

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Cheers Copi for the heads up on this, Steve. W mentioned to me at the end of last year he was using volume in a similar way for Nat. Gas.
  • #1,235
  • Edited 5:54am Jan 24, 2017 2:46am | Edited 5:54am
First time with this how's it look? need help
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Empower Your Mind
  • #1,236
  • Jan 24, 2017 3:41am Jan 24, 2017 3:41am
Quoting nhen
{quote} This is a gem on this thread. GU was a great example of this last night, using just the tick vol. on cTrader and Bookmap for sighting orders; details below on charts. Bookmap offers a little extra info, but is not necessary for this purpose; the presence of orders as they were does not always mean price will react as it did. Price can seek the orders and then react, price can seek the orders - penetrate and hold above, price can seek - penetrade and fade. Further study required from myself on aligning these with volume studies and PA to...
The market makers will move the market to where liquidity is because that is how they make money. MM's like to have rotational markets with high volume as they buy and sell into the market with no spreads and dont accumulate positions in any particular direction.
Institutions like directional markets as that is how they make their money. So what they will do is place liquidity in the market (resting limit orders) which attracts the market makers to move price to that level. Once it gets there though they will then pull the liquidity as they want the market to continue the trend.

Thats what you are seeing on bookmap.

I took that same trade on GU yesterday.
Boxing clever since 76.
  • #1,237
  • Edited 4:47am Jan 24, 2017 4:34am | Edited 4:47am
Quoting copi88
....The market makers will move the market to where liquidity is ...
Can you please explain rotational and directional markets? looked in investopedia.cm ...not clear...
  • #1,238
  • Jan 24, 2017 4:46am Jan 24, 2017 4:46am
Quoting ruma29
{quote} Can you please explain rotational and directional markets? lookeds in investopedia.cm ...not clear...
Directional is a trending market. Rotational market is a range bound market that is bouncing back and forth between two levels.
Boxing clever since 76.
  • #1,239
  • Jan 24, 2017 5:08am Jan 24, 2017 5:08am
Quoting copi88
{quote} Directional is a trending market. Rotational market is a range bound market that is bouncing back and forth between two levels.
O boy, I thought that institutions trade range, bracketing, efficient, day trading and other time frame traders trade not-bracketing, inefficient market, trending...
.Thank you
  • #1,240
  • Jan 24, 2017 6:22am Jan 24, 2017 6:22am
A loser on UC, I thought the S/R flip zone from the left would hold but it didn't and a good example why one must use a SL ( hard/mental). I have learned this in a hard way.
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