Up and under price pattern

new fill

Taking a bite out of the EAUD

[quote = piptalk; 11869317] Откусить от EAUD {изображение} [/ quote]

I also watched this pair but it didn’t add up ....

Stopped out of CADCHF but caught the next level short

EURAud Stopped out No reentries

Caught a nice move withe GCAD long

Catching a few with the GCHF....

Decent week

NIce little short on the EGBP

As a disclaimer:

You are going to get stopped out here and there

The key is small stops and big gains

You can achieve that with QM

The Problem is how trade QM based on Techine Rules Sir ?

Practice,, study and read the charts...Until the pattern is second nature. ..Trust me, its worth the effort. Start with higher TFs 4hr and above

No indicator(s) bullshit,,,cluttered charts,,,,,Etc,,Pure price action

Very few traders follow this thread (or trade this way) because they don't take the time to learn and or understand QM Takes effort

Its certainly not the holy grail...But the RR is what keeps you in the game

Have a great weekend

hey guys iam more or less a silent reader from time to time ...and this thread is my absolutly favorit one !!!!! i jut love your work Piptalk and informed and to every struggling trader out there if u just catch up this thread here alone you already have the key to be profitable !! you just need to put in the work of scanning your chart for this lovely pattern over and over again until its burned in your mind !!
do your analyses like you want but before you enter a trade wait for QM ;-) be a one trick pony ...at least for me thats the way to go ..
the trader himself is the holy grail not a system ..... a trader who learned how to play can make money even with the worst system ;-) and a trader who is unpatient and want to ride the market with wrong attitude will even fuck up a 99% winning system ;-)

anyway what i want to say is that the QM pattern no matter which TF is an absolutly awesome pattern showing market psychology at it finest ...since some time this is my only entry pattern and iam in love !! ohhhh yes ^^

so keep up this killer thread guys!! and everybody who is struggling keep going ..repeat over and over again and build trust in your work ... you will lose trades for sure ( like with every other methology ) but the high RR factor will do its work ! thats the edge with QM like informed said in a post above :-)

just my 2 cents
have an awesome weekend everybody market is waiting on the other side for you
cheers

Wheres your TP?

Closed

What do you all think about the levels here?

My buy zones on the EURGPB..Thanks for the post

"Following five full days of parliamentary debate, the vote is due to take place on the evening of Tuesday January 15."

Caution is advised on any GPB pair this week

Hello everyone,
I am also silent trader and this thread is most valuable for me. Thank you to Quidsey, Batus, Informed and especially "piptalk" who make this thread alive, and this is my trade from Friday.

Hi Piptalk,

If I may get your thought process on why you didn't mark the yellow zone? Thank you

Great entry CNX!


Looks like I missed that one Frosty,nice call,,

Catching a few on the GPBJPY

Hi Piptalk,

I need your help. How do you qualify a setup? if i were to take just every quasimodo setup the result is not really good. for example there is this H-L-HH-LL pattern yet nobody mentioned this, and it failed anyway.
Thanks!

I try and put my stops around 10-15 pips over the prior high/low---If I get stopped that's the cost of doing business

As with all trading methods,, no system is 100%

The beauty with QM is the RR.........On a 4 hr chart stops are usually 35-70 pips and the TPs can be in the 100s...Just depends on your emotional discipline.

On the GPBJPY trade shown above my initial stop was appx 68 MY TP is in the 300+ range--- RR is key

You seem to have a good eye for the setup,,,,Practice taking every entry you see with all pairs (or your favorite pairs) and use 1-2% risk and a TP of 3-5% +

Give it 60-90 days and see how your account looks (demo or real)

Good luck!