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- rmchokku replied Apr 17, 2022
Thanks Chamane for sharing your guidelines
- rmchokku replied Nov 30, 2020
Setup wise EURUSD shortsell looks ok to me and I couldn't identify why it failed. As said above, it could be due to counter trend.
- rmchokku replied Nov 24, 2020
When we evaluate the freshness of a QM, do we consider this zone(refer arrow marked area in chart) as already tested before price broke the Swing low? In such case, do we still trade this QM? url
- rmchokku replied Nov 23, 2020
Good one Tommy. I marked the same level in H1 (for sell) but was not tracking market and missed it. url
- rmchokku replied Nov 23, 2020
Good one. Did you make an entry based on Candlestick?
- rmchokku replied Nov 20, 2020
Thanks for your thoughts on the SL. Do you use ATR for assessing the general movement in a timeframe?
- rmchokku replied Nov 19, 2020
Will go with same EURGBP M15 chart posted yesterday. url . Refer post#3512 SL is shown as 0.8985 in Trading view but it will be 0.8990 after spread.
- rmchokku replied Nov 19, 2020
Ok, How do you place your SL when following Support and Resistance based approach? I typically keep it above the supply zone + spread. I have gone with tight SL but a wide SL could affect R/R.
- rmchokku replied Nov 19, 2020
Sorry, missed to mark the entry and SL. The small colored area marks the QM zone. It will be a limit order entry is at 0.89765 and SL 0.8990.
- rmchokku replied Nov 19, 2020
Thanks Inthebox for your feedback. I take your point.
- rmchokku replied Nov 19, 2020
Do you see any issue with this trade?
- rmchokku replied Nov 19, 2020
Agree with the reason on difference in viewing charts. Also, rulesets are different for each one. For instance, the H1 supply zone is no longer tradeable for me as a supply/demand trader because it got invalidated by the wick ( url ). Also, I ...
- rmchokku replied Nov 19, 2020
EURGBP Inside this H4 supply zone ( url ), a fresh bearish QM is present in M15 ( url ). Entry got stopped out. When i go through the charts, i find frequent SL hit as common occurrence. Is the strategy prone to poor win ratio though the R/R in ...
- rmchokku replied Nov 17, 2020
German 30/DAX H1: Price is sideways market Bearish QMs are noted in M15 and M5 url
- rmchokku replied Nov 17, 2020
You're right, the timeframe is larger and not suited for intraday trader but i couldn't resist a short after seeing it in Daily!
- rmchokku replied Nov 17, 2020
Thanks for your feedback. I assume the setup is ok then. The trading chart is D1 and the SL is kept @ 492. However, shortsell in equities is allowed only on intraday basis and position got closed with little loss.
- rmchokku replied Nov 17, 2020
I took a sell in this QM zone in Daily but got squared off end of day, url . Please let me know your thoughts on this trade setup. Moreover, this is also a Bearish QM zone in Weekly. The previous swing low in Weekly is broken by a wick. Do you ...
- rmchokku replied Nov 17, 2020
I inferred from internet content that QM traders should refer to the left when trading QM zone. However, they did not explain what they mean by that. Are they saying to confirm availability of a supply/demand zone before considering it as a QM zone?
- rmchokku replied Nov 17, 2020
These are the two areas i would have planned a sell from. url However, I didn't spot a QM in M5/M15 inside these higher timeframe zones. Hence, no trade for me.
- rmchokku replied Nov 16, 2020
Nice trade. The Daily supply zone is clear to me url . How you drilled down to M15 and made entry based on QM is unclear to me. Did you use the supply zones in H4/H1/M15 and expected the QM to form there? Please help.