SUPPLY & DEMAND!!!

[Mr. Hyde]

Had to post this one. 4hr demand. Then drop to the 1hr. You have divergence. 50% retrace entry on pinbar. Inside bar after the pin bar. And a wedge. E 2.0235, SL 2.0210, TP 2.0335

Missed TP by 7 pips. Ah well. BE it is

[Mr. Hyde]

a term you will hear me use a lot, is Quassimodo pattern (QM). For those who dont know, its just a head and shoulder pattern that the right shoulder has broken the extreme of the left shoulder. Then you can place a limit order on the last up/down candle in the pattern. I also look for any S/D zones to refine my entry. Now remember. We just dont trade these blindly. These have to be at HTF levels, S/D. Targets are left shoulder extreme, right shoulder extreme, new high/low or a fib extension/next S/D. This is a pattern i use a lot in my trading now a days.

Here is one on AU 1hr currently. And then when you drop down to the 5 min, you can see there is even another one, but kinda ugly.

Target 1 is always the left shoulder pivot, which lined up with a perfect demand zone. Could have got anywhere from 2-4 to 1 RR.

[Mr. Hyde]

So here is a perfect example of what i look for. You have a demand zone (keep in mind that huge ass wick behind it. But then price retraces to between the 61.8 and 78.6 level. Its also at the 1.27 extension. Price is also outside the BB. You could easily have placed a limit order just to get in, but the stop would have been pretty big. And it could still retrace deeper. So i would only put a partial on if i was doing that. So then what i would do is drop down to the 5m or 15m chart and either look for a QM pattern to form or a S/D zone to enter in. Just like i showed with Etherum yesterday.

Like i warned. It could still retrace deeper into that big wick. Which it did so kindly. Could have used the demand zone drawn by the indy for a quick 2 to1 to start off the london session.

[Mr. Hyde]

Here is a quick run through on how I will mark up my charts. Ill go step by step on Monday

gbpchf-w1-hugo-s-way.pnggbpchf-d1-hugo-s-way.pnggbpchf-h4-hugo-s-way.pnggbpchf-h4-hugo-s-way-2.pnggbpchf-h1-hugo-s-wayentry.png

Look how beautiful that was. 110 pip move. Right to target 2 on the crash zone. Demand area and 1.27 ext. What else could you want.

[Mr. Hyde]

Crash zone is super easy. To me its just a weekly ATR indy. So it gives you a clue how far price could move this week. Then there was a topic of discussion that i believe Bredin did, in which he showed that there is a 90% chance that price will always make the opposite extreme first, then move to the other pivot. That really didnt make sense. But pretty much, price should set a weekly pivot, then cross the open and set the opposite next. MO had also mentioned this concept when talking about trading yearly extremes. I beleive he said price has a habit of setting one extreme around March give or take a month and then setting the opposite extreme around sept give or take a month. I still trade using this concept. You can easily load 30 pairs and then just start looking for a setup that just screams out at you. I will post a few that i have taken a little later.

So lets use GbpChf. Im bearish on it. It just triggered my short entry. Now if my SL is beyond a pivot, I could try to hold for the whole week. So normally if you can get in with a 30 or 40 pip stop and then target a 200 to 300 pip move, it offers a nice little RR. Hopefully that kinda made some sense.

gbpchf-h4-hugo-s-way (1).png

I remember Pippy and I looking at the Opposite Extreme First concept at one time, I think using Bredin's thoughts as a roadmap. We kinda' got lost, lol.

It was like there was a kernel of something there but not truly fully formed.

Haha. Sometimes i will mentally use it on the 1hr and then use the buyzone for an entry. If im bearish and price makes a high on the 1hr then crosses the open i'll take a quick short.

Perfect example. You have the last red candle as the london open (3am est). But we are in a demand zone. Us mortal traders who cant surf price like some traders, should know to skip the short. So we do. Price goes down, sets the low for the hour, then crosses the open giving us our long trade. Easy scalp. And you could have even done the same thing with the previous hour, but traded into the demand. Not the best idea, but if you had a inkling that it might go lower, it hourly candle set the high then reversed across the open and moved further down. Its the same concept as, uhhhh what did you used to trade into the candle. Wick zone?

[Mr. Hyde]

These are my bread and butter day trades. Clearly a supply zone on 1hr. Drop down to the 5m chart and we have a QM pattern. E 1.2765, SL 1.2771, TP 1.2740. 4 to 1. All you need is one pattern. Any one can do this. HTF S/D zone. Drop down to LTF. Look for QM pattern. Take trade. The best part about the QM pattern is it forces you to learn patience. Cuz price will be in your zone, moving into profit and you will want to jump in and just place a market order just to get in. Instead you have to wait. Let it break the left shoulder. Then place your limit order. But what if it doesnt come back. Then you miss the trade. But look. We got this one. We got AU and GJ yesterday. Thats 3 wins. On the low end that got you 9 RR. Even if the nexzt 3 trades are losers, your still 6 RR for the week. And thats with a 50% win rate.

[Mr. Hyde]

About as ugly as they come, haha. Only a third a position for this. Just want to see how it plays out.

[Mr. Hyde]

You can see the massive demand zone on EG. QM pattern. ATM. Thank you markets.

[Mr. Hyde]

Marked this one up and totally forgot to put my order in. Freaking beauty. Those 3 bar S/D zones are a thing of beauty.

[Mr. Hyde]

Nice daily setup i didnt take.