Quasimodo
EURJPY - "Potential" to pivot LongLooking for a potential continuaion to the upside.
We have clear indication that institutional orders are in the market due to these lows and stop runs.
How can we use this to find high probability setups?
Institutional traders act differently to retail traders, retails don't have anywhere near the same size capital so they accept a % loss whenever they place a trade, whereas an institutional player who can have what seems to be an infinite supply of capital won't allow their positions to become losers. This means they will protect their orders but entering another X amount of position as price retraces to their entry.
Another important point is that if they are entering with a large position, they won't get all of their order filled at the same price due to liquidity, so they may get filled part order at a more disadvantageous price. To combat this they may enter 40-50% of their position sizing intiially, and wait then for price to retraee a little before entering the remaining 50-60% of their order.
Obviously this is a very basic overview of what's happening, but if you would like to learn more check out Xclusive Trading and the premium membership plan we offer!
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Have a good week everyone!
bitcoin analysisBitcoin dropped sharply after forming a 3-drive pattern and engulfed the base pattern, and there is now a possibility of a QM pattern.
Quasimodo pattern and new Demand areasIn this video we explain how to trade supply areas when recognizing Quasimodo patterns.
We also recognize fresh demand areas with potential buying opportunities.
EuruUsd Intraday Long Opportunity Intraday idea :
we have qm pattern at a area of daily low .... im looking to get in long here with a first target at ltf DBD...
EURCAD Sell OpportunityHi traders, in this setup I am looking for a selling opportunities in this zone
GBP/USD: Quasimodo pattern, what's next? Hey guys,
I thought I'd share a small trade I took this morning.
As you can see on my chart, a high was formed on M15 followed by a low, then a lower high and a lower low.
The idea is to wait until the lower high is broken and watch for a pullback to our level of interest (=retest in the demand zone) which is the area between the left shoulder and the lower low (as highlighted in orange in my chart).
Quasimodo patterns can be very powerful in the sense that they provide very good risk reward ratios with limited risks. In this case, the R/R is above 4.5.
I entered long as soon as I saw several bullish pinbars suggesting buyers were in control.
My stop loss is a couple of pips below the lower low.
My target is at the next supply level around 1.28.
Trade at your own risk
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GBPJPY - Potential ShortGBPJPY Potential short in the future.
1:10 RR swing trade. Pending orders have been set and alerts as price approaches. Set and forget order
XAUUSD COMEBACK (QML - Quasimodo Level SPOTTED)After the previous analysis had a bit of drawdown, I decided to update the chart to have a close to nothing drawdown if the market goes in favor, else we take the opposite trade. Trade safe, the market is volatile
Gold, Sell Limit at 2068/2069, M30Here is Quasimodo entry Technique to short gold
With the risk reward ratio 1:3,5 it will be a very good trade
See my other technique for EURUSD below!
EURCAD Short There is a good Quasimodo pattern in EURCAD and also i can see a Reversal pattern forming so yea lets see how this pans out.
Supply & Demand + QML Pattern Analysis for EUR/USD.Hey there :D
I'm using a Supply n Demand and QML Pattern. On the Daily timeframe i saw a descending channel, so i take decision to try short this pair. And i saw a possible QM Pattern on the 1H timeframe, pattern is not really formed on the resistance area tho, but i saw a Drop base Drop (which is a Supply Zone) on the 4th line of the QM Pattern. So, i'm trying to use the zone for my entry opportunity to short this pair. Hopefully i will formed a QML Pattern. RR is 1:1.9, yea i know that's not really a lot, but it's the only TP area i saw. It's on the Demand Zone below.
Have a good day <3
Long Position AUDUSD QMLThis is my humble analysis on multiple timeframe chart for AUDUSD pair. Please don’t take this as a signal. Low risk as the stop loss is only 15pips. A potential short signal if the price manage to close under current significant resistant with TP at buy entry or 5-6pips beneath it.
AUS200 Long Baby!Area of confluence on 4hr D and W tf. Look for the setup at 9-12 utc+10 tmrw.15m chart
