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Up and under price pattern

  • #1,301
  • Feb 7, 2017 8:51am Feb 7, 2017 8:51am
PaytheLimit, JAKammus, Thank you, I'm slowly seeing the difference.

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  • #1,302
  • Feb 7, 2017 9:02am Feb 7, 2017 9:02am
Quoting xmzhang
{quote} Yes nice, I'am also watchn cable for a QM, mine is somewhat lower though. I'am looking for price to react at the green zone for the QM to materialize, at the moment looking to sell at the supply zone between 433 - 410 maybe for a ride to that green QM zone {image}
mine...anybody?
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Money is made by sitting, not trading. Jesse L. Livermore
  • #1,303
  • Feb 7, 2017 9:14am Feb 7, 2017 9:14am
Quoting sam69
{quote} mine...anybody? {image}
Why did you enter long on that one? I have a sell limit at the top, but don't see the level you used to go long.
  • #1,304
  • Feb 7, 2017 9:22am Feb 7, 2017 9:22am
Hi,
50% fibo 1.1985 -1.2706
TRUST THE PROCESS !
  • #1,305
  • Feb 7, 2017 9:30am Feb 7, 2017 9:30am
Quoting JAKammus
{quote} Why did you enter long on that one? I have a sell limit at the top, but don't see the level you used to go long.
oh,sorry,i'm just speculating for a LL,because of good RR 1:10, not a textbook HHLL,but if it goes there, i would sell also...
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,306
  • Feb 8, 2017 3:52am Feb 8, 2017 3:52am
Quoting sam69
{quote} oh,sorry,i'm just speculating for a LL,because of good RR 1:10, not a textbook HHLL,but if it goes there, i would sell also...
Couldn't have traded it but very nice speculating.
  • #1,307
  • Feb 8, 2017 8:02am Feb 8, 2017 8:02am
Hey ,

is there any way to tell if a QM level will hold. Cause i see many on the charts, mostly the price just goes through them on the smaller timeframes
  • #1,308
  • Feb 8, 2017 10:13am Feb 8, 2017 10:13am
Tricky one. Let's see what happens
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  • #1,309
  • Feb 8, 2017 10:14am Feb 8, 2017 10:14am
Quoting redtrader7
Hey , is there any way to tell if a QM level will hold. Cause i see many on the charts, mostly the price just goes through them on the smaller timeframes
You don't. Switch to a LTF and check the price action in the zone. You can also use some other pointer such as divergence.
  • #1,310
  • Feb 8, 2017 10:50am Feb 8, 2017 10:50am
Quoting JAKammus
Tricky one. Let's see what happens {image}
Beautiful trade. Unfortunately, it didn't trigger. 2 Fucking pips from triggering. Oh well..
  • #1,311
  • Edited Feb 9, 2017 7:35am Feb 8, 2017 12:22pm | Edited Feb 9, 2017 7:35am
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Lets see if this one will be triggered


[UPDATE] Both targets hit
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  • #1,312
  • Feb 8, 2017 10:02pm Feb 8, 2017 10:02pm
I like this setup quite a bit.
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  • #1,313
  • Edited Feb 9, 2017 7:41am Feb 8, 2017 10:23pm | Edited Feb 9, 2017 7:41am
Another good setup.
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[UPDATE] Stop got hit.
There is a flip opportunity in the same level. I won't take it because I have other orders open. If some close by then I will consider it.
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  • #1,314
  • Feb 9, 2017 8:33am Feb 9, 2017 8:33am
Quoting JAKammus
Another good setup. 000001.PNG;2179398 [UPDATE] Stop got hit. There is a flip opportunity in the same level. I won't take it because I have other orders open. If some close by then I will consider it. GBPCHF_001.PNG;2180396 {image} {image}

Hi JAKammus,

Appreciate your before the fact trades. They really help, Thanks again.
  • #1,315
  • Feb 9, 2017 9:26am Feb 9, 2017 9:26am
Quoting Avail
{quote} Hi JAKammus, Appreciate your before the fact trades. They really help, Thanks again.
I just created my own journal where I will be placing my trades. In case you want to take a look here is the link
http://www.forexfactory.com/showthre...=1#post9545085
  • #1,316
  • Feb 17, 2017 9:55am Feb 17, 2017 9:55am
Hi, I'm new here! My natuaral linguage is not english so please sorry to my errors! I want to post my trades and I will appreciate all comments about them. My english is very bad so I will need time to understand your comments/advices. Thanks and have a nice day

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  • #1,317
  • Feb 17, 2017 11:34am Feb 17, 2017 11:34am
Quoting Danielesse87
Hi, I'm new here! My natuaral linguage is not english so please sorry to my errors! I want to post my trades and I will appreciate all comments about them. My english is very bad so I will need time to understand your comments/advices. Thanks and have a nice day {image} {image}
Why did you buy there (AUDUSD) in the middle of nowhere????
(.)(.) think first ...
  • #1,318
  • Feb 17, 2017 11:50am Feb 17, 2017 11:50am
Quoting maximumguita
{quote} Why did you buy there (AUDUSD) in the middle of nowhere????
Hi maxi! Simply I'm trying to use classic rules (what I have understood at least). On the first chart M30 I saw demand, then I went to lower TF (M5) to find what seems (to me) a good entry point according to upper TF. I'm here to learning so I will appreciate your advices and those of others that would help me. I Know that my comprehension has gaps probably due to a "language barrier" issue. Thanks
  • #1,319
  • Feb 18, 2017 3:17am Feb 18, 2017 3:17am
Hi Danielesse87, this is my chart with Quasimodo level, i think your chart is also correct, there is 2 QM levels. AUD is making HH and HL so the trend is up
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  • #1,320
  • Feb 18, 2017 6:01am Feb 18, 2017 6:01am
Quoting fxsterlingfx
Hi Danielesse87, this is my chart with Quasimodo level, i think your chart is also correct, there is 2 QM levels. AUD is making HH and HL so the trend is up {image}
Thank you for your comments fx! What is your thought process to choose the right levels of HHLL sequence? I follow the rules of Batus' eBook so I look for a swing movement which engulfs the nearest HL (during an uptrend) then I wait for a new HH formation and that price comes back to the level which was engulfed. Is it simply a discretionary issue? or are there any rules or clues that I missed?

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I want to ask you also if (and Why) the following "alternative reading" could (or couldn't) be valid. Thanks

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