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- rmchokku replied Nov 14, 2020
Do you expect a new QM to take place in lower timeframe and take an entry based on that?
Up and under price pattern
- rmchokku replied Nov 12, 2020
Yes, that will definitely help in the learning
Up and under price pattern
- rmchokku replied Nov 11, 2020
Yes, i see the difference. I'm taking up QM and Zones in a different manner (on trial & error basis) whereas yours is exclusively on QM. H4 QM: Would you refine & mark the QM like this? url or the same Dly QM drawing stays as-is for H4 and H1 QM?
Up and under price pattern
- rmchokku replied Nov 11, 2020
The Daily QM range is from 140.15 to 142.85. If the QM is traded as is without refinement in shorter timeframes, the SL would be at or above 143. Considering that big range, if we refine the QM Zone in H4, we don't have a QM but only a DBD Zone (at ...
Up and under price pattern
- rmchokku replied Nov 11, 2020
The DBD Supply zone (139.65 to 140) is clear in H4 . An entry with relatively tight SL would have been stopped out since price went above the DBD zone by 30 pips and reacted from there. May thats a trap for all sellers! Assuming the DBD Zone was ...
Up and under price pattern
- rmchokku replied Nov 11, 2020
I didn't note it as a QM Zone in Daily. Even if spotted as QM, the zone is too big for me to trade. However, there is a supply zone between the two big bearish candles. I intended to trade it. However, price broke the zone by 30 pips and started ...
Up and under price pattern
- rmchokku replied Nov 11, 2020
Got it, thats where i also felt that the bearish evidence is mild and not strong. It should have strong leg down and visible structure break.
Up and under price pattern
- rmchokku replied Nov 10, 2020
Sorry, could not get this. Are you saying, price should close above/below previous swing high & low instead of just a wick based break?
Up and under price pattern
- rmchokku replied Nov 10, 2020
Bearish QM in H1 that got backing of Daily timeframe Supply Zone @ 139.5 to 140 levels. However, the evidence of bearish forces is weak since break of the structure is mild and not a strong engulf of the previous Swing Low. url
Up and under price pattern
- rmchokku replied Nov 10, 2020
Thanks Inthebox, interesting perspective that i need to work on. i was drawing it as a distance between High to Higher High or Low to Lower Low. It offers tight SL but then it leads to missed trades and also SL hits especially when price already ...
Up and under price pattern
- rmchokku replied Nov 9, 2020
Gold, H4 Bearish QM: Having price tested the traditional supply zone that was close to the QM zone, is this short-sell trade from QM Zone to be put aside? url
Up and under price pattern
- rmchokku replied Nov 9, 2020
Dow Jones pierced through the Bearish QM in Daily chart, leaving the trap traders trapped! url
Up and under price pattern
- rmchokku replied Nov 9, 2020
I currently manage the trade after it achieves 1:1. I aim for 1:2 in trades. Until 1:1, I set & leave the SL and TP as it is. However, this discipline gets violated at times.
Up and under price pattern
- rmchokku replied Nov 9, 2020
I couldn't interpret your question fully but how i'm approaching QM setup is given below; I select a higher timeframe zone is based on strong buying or selling that occurred. I drill down the same zone in lower timeframe to see whether there was a ...
Up and under price pattern
- rmchokku replied Nov 9, 2020
I select higher timeframe zone (currently H1, H4), look for QM within the zone and going for limit entry. As of now, I'm not taking a entry based on lower timeframes once price arrives to the Zone. Since the trades are being looked at in higher ...
Up and under price pattern
- rmchokku replied Nov 9, 2020
Thanks Inthebox, do you take entry using the supply zone in M5/M15 when price pulls back to them?
Up and under price pattern
- rmchokku replied Nov 9, 2020
Thanks Tommy, i will include this filter in future.
Up and under price pattern