* i am testing QML Advance (quasimodo level) - with MPL (maximum pain level) *
this thread is not meant for newbies or those learning the basics of trading.
this pattern normally appears around the extreme top and bottom (trend reversal) or during a trend (trend continuation).
trend continuation pattern can also be found around SR flip (support / resistance flip).
look for a key level or support / resistance and a fresh supply / demand (order block) with one good momentum candle.
those who work diligently will be able to spot similarities of this qml mpl sr, and sr flip patterns repeatable everyday.
with these 2 arsenals in your bag, it will be more than enough to conquer trading.
works better with:
1. higher time frame (minimum m30).
2. Order block with good momentum candle originated from london or new york session.
the above is just basics. as one advance through the thread, more items will be added for a high probability trade.
i am a day trader, so not looking for 100 pips trades (more like 20-50).
if due to certain situations or news events, my trading lot will be smaller (one fifth of usual) for a more relax trading with further add on later, i can hold for days keeping in mind that the percentage SL on equity is the same as usual lot.
* it has now evolve into a combo of advance quasimodo + sr flip + 2022 ict concept *
*** every day before you begin to trade, ask yourself this question: ***
=====================================================
- where is price most likely to gravitate / draw to?
answers:
1. stops - where liquidity lies waiting.
2. imbalance (fair value gap) - to be filled
https://www.forexfactory.com/thread/...8#post13871188
https://www.forexfactory.com/thread/...7#post13873007
still a work in progress as i look through youtube for ideas on whatever i can find on the subject matter and will post those i deem helpful with case studies below.
case studies:
> QML is not the most important - look for fresh suppy / demand and support / resistance
https://www.forexfactory.com/thread/...9#post13841939
https://www.forexfactory.com/thread/...7#post13849707
> another 2 features of high probability QML trades - the filling up of liquidity void or imbalance and compression.
https://www.forexfactory.com/thread/...9#post13842499
>what about stop hunt? - retail long stop loss provide a liquidity pool for institution to long at cheaper price - the so called stop hunt.
https://www.forexfactory.com/thread/...3#post13849873
> if a ltf qml failed - could mean that the HTF momentum is against it or market is looking for a HTF QML.
https://www.forexfactory.com/thread/...5#post13842305
> trend continuation trades
https://www.forexfactory.com/thread/...5#post13854365
https://www.forexfactory.com/thread/...8#post13861018
> why focus on quasimodo pattern and not just any order block?
https://www.forexfactory.com/thread/...6#post13866026
> done with the theory part. so decide whether to be a specialist in this one pattern or find some thing else.
back to reality of forward testing.
https://www.forexfactory.com/thread/...3#post13858783
> soothing and tranquil music for trading
https://www.forexfactory.com/thread/...7#post13865617
> 2022 ICT mentorship
https://www.forexfactory.com/thread/...5#post13867395
https://www.forexfactory.com/thread/...0#post13867680
https://www.forexfactory.com/thread/...6#post13870146
https://www.forexfactory.com/thread/...1#post13892711
https://www.forexfactory.com/thread/...7#post13903797
https://www.forexfactory.com/thread/...4#post13907834
https://www.forexfactory.com/thread/...4#post13908064
> the summary - all coming together
https://www.forexfactory.com/thread/...2#post13854082
https://www.forexfactory.com/thread/...2#post13851612
https://www.forexfactory.com/thread/...4#post13858774
https://www.forexfactory.com/thread/...1#post13876291
https://www.forexfactory.com/thread/...8#post13904308
https://www.forexfactory.com/thread/...4#post13913674
https://www.forexfactory.com/thread/...9#post13920159
ITB - Seeing Orderliness amongst 'Randomness'