Quasimodo pattern

Table of contents quasimodo pattern What Is Quasimodo Pattern in Forex? • How do I trade Quasimodo? • Buy Trade Setup • Sell Trade Setup • Take Profit • Is Quasimodo Head & Shoulder Pattern? • Is Quasimodo W/M Pattern? • Where Will Quasimodo Generally Appear? • What Should Be Remember To Trade QM Efficiently? • Bottom Line The Quasimodo Pattern is also called Quasimodo pattern & Under pattern. It is an advanced price action trading concept in the trading industry.

The Quasimodo pattern is more than a confluence pattern or entry technique than a trading strategy. It uses to confirm the trader’s bias. If you combine this pattern with your trading strategy, it increases your trading odds & boosts your confidence level.

It helps you to make better decisions on time as well. For example, If you spot a Quasimodo pattern near a level of support or resistance or with divergence, it increases the trader’s confidence or trading probability.

Many supply & demand traders use this pattern to identify the strong tradable zones. When they find the Quasimodo pattern with strong supply or demand zones, they execute the trade with greater confidence.

It provides a great Risk Reward ratio potential as well. Quasimodo pattern does not appear all the time, but when this happens, traders should not ignore it.

It is one of the most reliable and powerful patterns to trade. What Is Quasimodo Pattern in Forex? Quasimodo Pattern is also called as OVER & UNDER Pattern. It is a reversal pattern that is created after a significant obvious trend. When a series of higher high, higher low, or lower high lower low is interrupted, Quasimodo Pattern is created. It is a double-ended cheater quasimodo pattern. It is used as an intraday price turning point. So the Intraday traders can use it as an advanced price action trading pattern.

Quasimodo is one of the most profitable chart patterns in the forex. It repeats itself all the time. The key is to identify, and most importantly, react to them, when the trading opportunity arises. How do I trade Quasimodo? Buy Trade Setup • Price creates a low • Price creates a high • Price breach the low and creates a lower low • Then price breach the high as well and forms a higher high • Now place your pending order (Buy Limit) at QML(Quasimodo Line) • When price comes back to the low your pending order will be triggered.

• Quasimodo pattern your stop loss just below the MPL (Maximum Pain Level). Here, a significant drop has occurred in the market.

The market makes an obvious high and low consecutively. Then after making a Lower low it shoot up and breach the high to make a higher high.

The space between the QML and MPL considered as a strong demand Quasimodo zone. When price back to the zone our buy limit is triggered and look how beautifully price retraced from the QML level. It starts to go to our preferable direction. Our First TP is hit. Second TP is also hit. This trade had a great risk reward potential. Sell Trade Setup • Price creates a high • Price creates a low • Price breach the high and creates a higher high • Then price breach the low as well and forms a lower low • Quasimodo pattern place your pending order (Sell Limit) at QML(Quasimodo Line) or execute a sell trade with your pre-planned quasimodo pattern technique.

• When price comes back to the high your pending order will be triggered. • Place your stop loss just above the last MPL. Take Profit Take your profit up to the next trouble area. Breached high or low should be the minimum target area.

1:3 is a standard risk-reward ratio that can be applied in this price action trading strategy. Is Quasimodo Head & Shoulder Pattern? Though Quasimodo looks like the Head & Shoulder Pattern, it is distinctive from the typical Head & Shoulder Pattern.

Hope the sketch below makes sense to you. So, all Quasimodo pattern is Head & Shoulder Pattern, but all Head & Shoulder Patterns are not Quasimodo Pattern. To be a Quasimodo pattern, It needs one extra “qualification” that required price to move beyond a specified high or low to capture both buyers or sellers.

Quasimodo pattern Quasimodo W/M Pattern? The structure of Quasimodo consists of two engulfing, both up and downsides. But the W/M formation consists of one engulfing up or downside. Where Will Quasimodo Generally Appear? Quasimodo pattern appears at all time frames.

It occurs always after a significant rally. Then the market is manipulated to create liquidity. Where the retail traders are captured, the profitable trading opportunity is created there. Quasimodo is very reliable if used properly and quasimodo pattern be seen on every timeframe from daily down to 1 min charts. What Should Be Remember To Trade QM Efficiently? • Always look for fresh Quasimodo Demand/Supply zones, which are not tested yet.

• Make sure the distance between QML and MPL is not too high. If the distance is so high, risk will be increased and the Risk Reward Ratio will be poor. So, when the zone is small, the risk is also small and the expected quasimodo pattern is big. • Never ignore level over level. • QM is more powerful when an authentic opposite zone is engulfed. You can enhance your day trading strategies using this price action pattern.

Bottom Line Quasimodo or Over & Under Pattern is not one of the most popular patterns among forex traders as it is a new entrant in the financial analysis sector in the financial markets. Although new, it is one of the most reliable and powerful patterns to trade. The Risk-Reward ratio potential of this reversal pattern is also good. Understanding the establishing trend is an important factor for forex trading. Using the classical definition of higher highs and higher lows versus lower lows and lower highs is the right step to follow.

If you do so, you can easily identify the Quasimodo pattern, even though you are a novice trader. No Quasimodo pattern scanner or quasimodo pattern is needed to look for it. Your nacked eye is enough to spot Quasimodo Pattern in the chart and to boost up your confidence to execute the trade efficiently.

This confluence price action pattern can flourish your overall supply and demand trading strategy. • Home • Tools • Forex Lotsize Calculator • Forex Compounding Calculator • VWAP Calculator • Our Blog • Forex Chart Patterns • Candlestick Patterns • Harmonic Patterns • Learn Price Action • Forex Indicators Trading • Forex Trading For Beginners • Pine Script Tutorial • How to forex? • Supply & Demand indicator HOT • Home • Tools • Forex Lotsize Calculator • Forex Compounding Calculator • VWAP Calculator • Our Blog • Forex Chart Patterns • Candlestick Patterns • Harmonic Patterns • Learn Price Action • Forex Indicators Trading • Forex Trading For Beginners • Pine Script Tutorial • How to forex?

• Supply & Demand indicator HOT Table of Contents Hide • Key parameters to trade quasimodo pattern • Balance & Imbalance in trading • Balanced state • Imbalanced state • Higher Timeframe trend • Three phases of Quasimodo Pattern strategy • Identify FTR and Flag limit • Formation of Quasimodo pattern • What is the target price of QM?

• Final Quasimodo Pattern trading strategy • Trade entry • Stop loss • Take profit • Conclusion Quasimodo pattern strategy is based on the Quasimodo chart pattern that is formed after the formation of higher highs and lower lows on the price chart of the currency in forex trading.

This article is about advanced Quasimodo trading strategy by using supply and demand methods. Quasimodo pattern has already been explained in the previous article.

If you did not read the previous article, then make sure to read the first one before learning this strategy. Key parameters to trade quasimodo pattern A trading strategy is not based on a single chart pattern or a single parameter, but it is formed by the addition of many filters and confluences that increase the winning probability of a trade setup. Likewise, the Quasimodo strategy has been made by use of three parameters.

• FTR • Flag Limit • Quasimodo pattern • Balance or Imbalance • Higher timeframe trend Make sure to learn FTR, Flag limit and Quasimodo pattern quasimodo pattern proceeding further.

Balance & Imbalance in trading Everything in the universe quasimodo pattern to stay in a balanced state. If one is in an imbalanced state, it will always try to come to a balanced state.

This is a universal rule, and it also applies in the market. When the market is in an imbalanced state, it will always try to convert that imbalance into a balanced state. Balanced state Balance in trading represents the sideways movement of price on the chart.

It means the price is in a balanced state. The force of buyers and sellers is almost equal which results in a sideways direction of the price. Imbalanced state Imbalance in trading shows the area from where a sudden strong price move occurs. That results in the creation of a gap quasimodo pattern the price chart. This gap indicates the imbalance state of a specific security in trading. Whenever a gap is created on the chart of specific security then, the price will always try to fill that gap.

Because it wants to stay in a balanced state. Tip: A higher timeframe price gap will take more time to be filled as compared to a lower timeframe price gap. Higher Timeframe trend There are many ways to identify higher timeframe trends by analyzing higher highs quasimodo pattern lower lows.

But a simple strategy is to check the highs and lows of candlesticks on a daily timeframe. For example, if the daily trend is bullish, then you can trade bullish setups on a lower timeframe (H1, M30, M15). • On daily timeframe, formation of higher highs and higher lows of candlesticks represent bullish trend.

Formation of at least two consecutive higher highs and two higher lows is necessary to confirm bullish trend. This higher timeframe strategy is the simplest one. You can use your own strategy or analyze higher timeframe trends in your own way. I just explained to make things simple. Three phases of Quasimodo Pattern strategy Quasimodo strategy in trading consists of three phases • Identify FTR and flag limit levels (past) • Behavior of price to those levels in the form of Quasimodo pattern (present) • How price will fill the gap and will achieve a balanced state (future) Nature quasimodo pattern has made three phases of time past, present, and future.

I have tried my best to relate this strategy to nature as much as possible. Identify FTR and Flag limit FTR means fail to return of price and Flag limit means the area where price takes a decision either to continue its trend or reverse ( RBR & DBD).

The first step in Quasimodo trading strategy is to look for the FTR zone or Flag limit zone in the past.

Mark the high and low of FTR or Flag quasimodo pattern and draw the zone by meeting low & high. Now extend that zone to right. Remember to draw a zone only at FTR or only at the Fla g limit. It quasimodo pattern on the type of level. Either price had formed FTR level in past or Flag limit level in past. Look at the image below Formation of Quasimodo pattern Quasimodo pattern in forex is a trend reversal chart pattern and is widely used in technical analysis to predict the upcoming trends in the markets.

The second step is to identify a Quasimodo pattern at FTR or Flag limit zone. Quasimodo at a key level will represent a strong trend reversal from that level. What is the target price quasimodo pattern QM? This is the most important question you must answer yourself before taking any decision. For example, you got a Quasimodo trend reversal pattern at the FTR zone. Now next step is to think about why quasimodo pattern price will reverse and start a new trend?

Is there any imbalance in the price chart on the way? If there is an imbalance on the way, then it is a clear indication that price will come to a balanced state and fill the gap. Target level in trading is as important as a stop loss level. Without a proper target level, you will lose because of psychological issues. Final Quasimodo Pattern trading strategy Combine the three phases past, present and future to make a perfect Quasimodo trading strategy in forex.

Follow three easy steps in this strategy • Analyze the past by finding out Zones • Identify Quasimodo chart pattern at those levels • Measure the target by finding out the gaps or imbalance states This is an advanced Quasimodo trading strategy in forex.

Trade entry Open a trade on the left shoulder level of the QM pattern. Break-even the trade when price breaks the lower low or higher high of Quasimodo pattern. Stop loss Always place a stop loss above the flag limit or FTR zone (in case of bearish pattern) and below the flag limit or FTR zone in case of a bullish pattern.

Take profit Place take profit level at imbalance states. If there is more than one imbalance state, then split take profit into two and use two take profit levels quasimodo pattern get a high risk-reward ratio. Look at the live chart quasimodo pattern in the below picture. Quasimodo Pattern Trading Strategy Conclusion The market is purely natural and only a natural pattern will be able to win in long term. Fixed mathematical patterns will always fail sooner or later. Quasimodo is a natural pattern, and this relates to nature in a lot of ways.

This is an advanced level of trading. You will not be able to profit just after learning this strategy until you will backtest it properly.

There is also a proper way of backtesting like taking 100 samples and analyzing those samples to master this strategy.
Using quasimodo pattern patterns is a great way to add confluence to your trades. Having confirmation for your intended trade direction by way of a price action pattern can help make sure you trade in the right direction. One of the best reversal patterns to use in trading is the quasimodo.

When combined with supply and demand analysis it can be very powerful indeed. Short reversal When looking for a short reversal one of the things generally considered is when price starts to make lower highs (LH’s) and lower lows (LL’s). However the following pattern presents some very good opportunities to enter short trades earlier and with more confluence. Price reaches an extreme point, in this case a high or supply.

Price then rallies above that extreme point creating a higher high. Next price drops below the original extreme with quasimodo pattern great force breaking lows. This shows that selling pressure is now in control. This can also annotated as follows H – L – HH – LL That is high – low – higher high – lower low.

There are two reasons why I adopt this approach. • The typical series of LH’s and LL’s can take a while to form whereas the above combination enables me to spot the direction change sooner. • I like a bit more confirmation than simply looking for LH’s and LL’s This acts as better confirmation for quasimodo pattern as it shows that selling pressure in now in control.

High – Price is moving up Higher Low – Further proof that price is moving up Higher High – Are we seeing an uptrend? Lower Low – Price drops below the previous high and the previous low. Only big selling pressure could cause that. Lower High – Price reversal confirmed before a period of consecutive lower highs and lower lows. There will often be a supply level that forms after the HH and before the LL. This represents some great selling opportunities. I look to enter these trades after a return to the supply level after I have seen the LL.

I look for the above pattern at or near higher timeframe supply. Long Reversal The long reversal is similar to the short reversal but simply reversed as below: When looking for a long reversal one of the things generally considered is when price starts to make higher highs (HH’s) and higher lows (HL’s). However the following pattern presents some very good opportunities to enter long trades earlier and with more confluence.

Price reaches an extreme point, in this case a low or demand. Price then drops below that extreme point creating a lower low. Next price rallies above the original extreme with a great force breaking highs. This shows that buying pressure is now in control. This can also annotated as follows: L – H – LL – HH That is low – high – lower low – higher high.

There are two reasons why I adopt this approach. • The typical series of HH’s and HL’s can take a while to form whereas the above combination enables me to spot the direction change sooner.

• I like a quasimodo pattern more confirmation than simply looking for HH’s and HL’s This acts as better confirmation for me as it shows quasimodo pattern buying pressure in now in control. Low – Price is moving down Lower High – Further proof that price is moving down Lower Low – Are we seeing a down trend?

Higher High – Price rallies above the previous low and the previous lower high.

Only big buying pressure could cause that. Higher Low – Price reversal confirmed before a period of consecutive higher highs and higher lows. There will often be a demand level that forms after the LL and before the HH.

This represents some great buying opportunities. I will look to enter these trades when price returns to the demand level after I have seen the HH. I look for the quasimodo pattern pattern at or near higher timeframe demand. Happy Trading hey Joe, couple things. First is just curiosity…why call this Quasimodo? Quasimodo if the name of the first Sunday quasimodo pattern Easter. LOL Second i know its extra work and noone is paying you but is it possible to make the notes on the charts themselves?

Lastly, i have subscribed to the trading view charts. If i mark up a chart and figure out how to send it to you can you critique it for me?

Oh and can if follow you on the trading view sight? Hi Lamar. Good question. I first became of this over and under pattern on trading forum called Kreslik here: http://kreslik.com/forums/viewtopic.php?t=2505. I was the directed to a similar pattern where it was called a quasimodo here: http://www.nobrainertrades.com/2009/06/over-and-under-pattern.html.

I don’t know its called a quasimodo though to be honest. Using QM is much simpler than saying over and under pattern though. The difference with the way that I use it is that I like to see an SD level within the pattern formation. Re notes on the charts, I try to make the charts as clean as possible so that everything can quasimodo pattern seen.

I find that if I annotate too much, the charts look messy. I might do a mixture of both clean and fully annotated charts. I’d be more than happy to look at charts you have.

Send me an email or something with them. I don’t currently post analysis on TradingView but if I do in the future I’ll let you know. Hi Amir That’s a preference thing and for me it depends on which time frame it is. For example if there is just a H1 QM level I would not enter from the QM line. If there is a 5m QM level away from a H1 supply, then I’d place a limit at the 5m QM level (if it’s within a 5m SD level too). It’s all about the bigger picture, which time frames you’re trading and which ones’ you are using for analysis.

Hello Joe I sent you e-mail I am not sure if you received. there are numerous time frames to look for QM so Is there best, quick filter, approach to find QM? Any indicator ? in article you were showing H4 and M15…so which time frame are you usingH1, M5 HTF…? top down approach or independently regardless of time frame to find and trade QM?

Thank you Hi Mark, I don’t recall receiving an email. I don’t use indicators to trade so that’s not an option for me. The thought behind showing QMs on different time frames was just to highlight that they appear on all time frames.

I don’t specifically look for QM’s to take trades.

They are just one type of confirmation so if they are present, it adds confluence to the trade. I typically will use them to trade away from higher time frame levels. For example a daily QM away from a weekly SD, or 5m QM away from a H1 level etc. I hope that helps.

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• Quasimodo pattern Easy guide to trading the Quasimodo Pattern The Quasimodo Pattern or Over and Under pattern is a relatively new entrant to the field of technical analysis in the financial markets. Although new, the Quasimodo pattern is a commonly occurring theme that is more frequent when price carves a top or a bottom or when price begins a major correction to the trend. The Quasimodo Pattern, although complex as it might seem is actually very simple. This trading pattern is especially powerful because when it occurs, in most cases, traders will notice a confluence with other methods of analysis.

For example, when a trader spots a Quasimodo pattern near a support or resistance level, it increases the confidence of quasimodo pattern trader or the trading probability. Likewise, when trading divergences, when you spot a Quasimodo pattern, that confluence can be used to trade the divergence set up with more confidence. As we can see from the above, the Quasimodo pattern is not a trading strategy by itself but is more of a confluence pattern that can be used to confirm a trader’s bias.

Of course, the Quasimodo pattern doesn’t appear all the time, but when it does, traders can be sure that the market offers a high probability trade set up. What is the Quasimodo (Over and Under) Pattern?

A Quasimodo Pattern is simply a series of Highs/Lows and Higher or Lower highs or lows. Quasimodo Short Signal Pattern quasimodo pattern There should be a prior uptrend in the markets • Price makes a new high, declines and makes a new local low • Price then rallies above the previous high to mark a new higher high • Price then falls to form a new lower low • Price then rises towards the initial high (but does not make a new higher high).

The fifth level in the set up is the trigger, where a short position is taken. Stops are set above the higher high and the take profit level is up to the trader. Quasimodo Long Signal Pattern • There should be a prior downtrend in the markets • Price makes new low then makes a small rally and forms a local high • Price then declines to form a new lower low taking out the previous low • Price then rallies to make a new higher high and then declines • The final decline is equal to the first low The fifth leg in this pattern is the trigger for long positions with stops set to at or below the lower low Quasimodo Long Signal Pattern Examples: Quasimodo Long Example #1 • Price is in a downtrend • Price then makes a new low at 99.923 and then makes a new local high at 100.274 • Price then declines and makes a new lower low at 99.983 • Price then rallies to make a new higher high at 100.38 and then declines • The final leg in the decline is just a few pips above the previous low.

This triggers a long signal Here is another example of the Quasimodo Long example: Quasimodo Long Example #2 Quasimodo Short Signal Pattern Examples: Quasimodo Short Example #1 • Price is in an uptrend • Price then makes a new high at 1.5251 and then declines to make a low at 1.5187 quasimodo pattern Price then quasimodo pattern to make a higher high at 1.5321 and then declines • A new lower low is posted at 1.5165 • Price then makes a modest rally and this high stalls a few pips close to/above the previous high • A short entry is then taken with stops near the highest high • There is also an additional confirmation yet quasimodo pattern with the RSI divergence as well Another example quasimodo pattern the Quasimodo Short pattern example is given below: Quasimodo Short Example #2 Conclusion: As we can see from the above, the Quasimodo or Over and Under pattern is a relatively simple pattern, which when used in conjunction with other trading strategies or signals offers a great way to increase the probability of a trade set up.

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By Steve Burns Jul 26, 2020 The Quasimodo chart pattern is a lesser known bearish chart formation in technical analysis.

It has also been called the Over and Under chart pattern. This pattern can identify a high probability confluence area on a chart at a resistance zone that can lead to a reversal in an upswing. It is a signaling pattern that can confirm a trader’s bearish bias. Quasimodo Pattern - Advanced Price Action Trading Concept 2020 - HoneyPips #forex #forexsignals #forextrading #forexstrategy #forextrader #ForexMarket #forexmentor https://t.co/kNVcVSZPQG — Md.

Alamgir Hossin (@techlover1952) July 21, 2020 The Quasimodo chart pattern is similar to the head and shoulders chart pattern but does not hold the support on the second test after the maximum peak or ‘head’ is formed. It is a type of malformed head and shoulders patterns which is where its name comes from the hunchback character Quasimodo.

It is a bearish reversal pattern signaling the end of a failed uptrend when the last rally fails at the same resistance zone as the first left ‘shoulder’. Shorting at this level present the best risk/reward ratio with a tight stop loss on a break and close above that previous resistance. How are the Head and Shoulders, broken base and Quasimodo patterns different?” The Quasimodo pattern has a broken base and the lower drawdown entries.

The Quasimodo pattern has a higher probability of success when other reversal signals have a confluence to the return to the first resistance level price or left shoulder aligns with an overbought reading or there is a bearish divergence between technical oscillators and a higher high in price action. For example, if the return to resistance aligns with a 70 RSI or price is higher but the RSI is lower that can be a confirmation of this pattern. Swing traders can identify supply and demand zones using this pattern for buying dips near previous support areas and selling into previous resistance zones.

This pattern can be used to identify good risk/reward ratios near previous areas of support and resistance. The Quasimodo pattern is rare but can be a powerful way to identify important areas where buyers and sellers are located when it appears on a chart.

Like quasimodo pattern chart patterns, the Quasimodo pattern is best used to create good quasimodo pattern ratios and not predicting the future. A stop loss and trailing stop are good tools for managing the risk of being wrong.

This pattern just creates probabilities, not certainties and trade management is what creates profitability over the long term. never gets any easier we quasimodo pattern learning to master the craft #QML #QuasimodoPattern pic.twitter.com/itVnfIuuDr — Sbo Dhlamini (@Sbo_Dhlamini) November 19, 2019
Updated Quasimodo pattern 2020 Support and resistance, or market structure, is considered a foundation for most trading strategies.

Several methods exist to identify support and resistance levels. One approach, however, calls for attention: the Quasimodo pattern, or QM. The QM is a straightforward configuration, offering both quasimodo pattern and bearish scenarios. As demonstrated in figure A, you will note the QM consists of five legs. Figure A Figure B illustrates a bearish QM on the hourly chart quasimodo pattern EUR/CAD: Figure B Quasimodo pattern and Psychology To understand the pattern’s structure and undercurrents, focus will be on the bearish QM resistance formation (figure C).

The principles for a bullish QM support pattern are the same, only with orders reversed. Figure C Point 1: At this stage, the market is hopeful, forming higher highs and higher lows. This attracts breakout traders, trend traders and contrarian traders. Breakout traders look to buy the breaks of previous highs, trend traders aim to time dips (placing stops beneath previous higher lows) and contrarians attempt to fade action from areas of resistance.

Remember, though, trends are fractal. Although the quasimodo pattern of a trend is essentially the same, irrespective of the timeframe, a trend on a M5 chart may display a strong up move, but on the H4 chart this is likely to be nothing more than a blip in a potentially down trending market. It’s all fractal. Point 2: It is at point 2 the market pulls back and forms a bottom, a higher low. This movement places breakout traders, who bought the quasimodo pattern of the previous high, at breakeven, with most likely liquidating positions.

Additionally, the push lower fills protective stop-loss orders from trend traders positioned too close to the action. Point 3: Trend traders who entered on the dip at point 2, with protective stop-loss orders tucked under the quasimodo pattern formed higher low, will have likely reduced risk to breakeven after crossing above point 3 and forming a higher high.

Price follows through to print a top and once again dips lower. While in decline, trend traders will look to buy into the move. It is only once we crush the previous higher low and flush out both trend and breakout traders (red circle) do we know a bearish Quasimodo formation is in play. Traders can then pencil in the left shoulder from point 3 (the red dotted line). This is the level traders look to sell short.

Confirmation Without question, the QM pattern has proven to be one of the more superior ways of locating support and resistance levels. Yet, trading this pattern alongside additional analysis can add weight to the level. This is where confirmation techniques shine. The following confirmation techniques are simple and have stood the test of time, crucial to successful trading.

Candlestick Confirmation Japanese candlestick patterns are popular forms of confirmation. Traders can employ candlestick signals as a means of validating a QM level. Figure D displays a common bearish inside candle pattern confirming bearish intent off a QM resistance level on EUR/GBP’s M30 chart. Figure D Technical Confirmation Technical confirmation employs additional technical tools, and is somewhat more involved than an individual candlestick signal.

Put simply, traders believe when their selected quasimodo pattern align with base structure (the QM), the odds of a reaction increases. As an example (figure E – the EUR/GBP’s H4 chart), when the following structures converge at a QM level, the area often provides at least a bounce: • Quasimodo pattern structure.

• Trend lines. • RSI divergence – oversold/overbought. • Trend direction. Figure E The Approach Another method of confirmation can be found in the approach.

By approach, it means identifying patterns formed in the direction of the QM level. A popular pattern in this category is the AB=CD configuration, covered here. Once you understand the mechanics behind the AB=CD formation, you’ll begin seeing setups similar to Figure F: an AB=CD pattern on gold’s H1 chart that fuses with a bearish QM level. Figure F When looking for additional confirmation at the QM base, remember the more reasons to trade a level, the more likely it’ll hold.

Do not be afraid to experiment. Stop-Loss Placement Two concrete methods are available concerning stop-loss placement when trading QM levels. The first approach is considered somewhat aggressive, but if you manage it right the risk/reward ratio can be incredible.

Figure G is such an example. As pictured on CAD/CHF’s H1 chart, the kink (or demand) surrounding the QM level is significant. You can, therefore, position stops beneath this kink and enter long at the QM level. The stop, in this case, would’ve been limited to only a few pips, and even with the small move seen off the level, a comfortable risk/reward ratio would be achieved. Traders will need to keep in mind there will be times when the kink is not visible on the traded timeframe.

In that case, you’ll have to drill down to the lower timeframes to locate it. Figure G The alternative to the above is a more conservative approach.

Point 1 in figure H (CAD/CHF’s H1 chart) has you position the stop beyond the QM head. The trade example would have still likely been profitable, depending on trade management. Point two is more involved. Rather than positioning the stop beyond the QM head, some traders opt to place it outside the next available supply/demand area. This helps evade fakeouts.

Given the size of the surrounding demand in figure H, the stop-loss distance is enormous. Not all surrounding supply/demand zones are quite as big as this one. Figure H Moving Forward By this point, you should have sufficient knowledge to begin testing QM levels on a demo account. Once confident using simulated funds, you may consider switching things up to a small live account. With IC Markets, simply sign up here, deposit a minimum of $200 and you’re good to go.

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