entry got hit in the zone. If target in this time frame could not hold, there would be no exit for the positions
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Disliked{quote} Sorry just logged in. I will post the correct one.. In the mean time I analysed the 5 min chart, later I saw that there are few engulfs but i missed them. I am also learning. We all can learn together. In the below image, I can see the engulf, but it has not hit the next FL after retracing back to the source FL. Lets see what happens next.. If it doesn't hit the next FL, probably my FL drawings are not correct AGAIN. {image}Ignored
Disliked{quote} Hi,Croweye...can you please mark QM in this diagram of yours...where is h,l,hh,ll...thanksIgnored
Disliked{quote} Thank you,so if that LL had touched the lower level which is ignored qm level....this qm wont work,correct?Ignored
Disliked{quote} Thank you,so if that LL had touched the lower level which is ignored qm level....this qm wont work,correct?Ignored
Disliked{quote} In a hindsight, following one should work. See the FL i have marked with red cross. That is the FL that you asked about also. If you zoom out the image you will see that kink cannot be a FL. there is no proper high or low to the left. I should have marked the big red FL instead. Thats the corresponding FL of the high to the left. Second one is a good SR flip which I missed. It is clearly visible in that scale. So I marked it in red too. So we have a trade. But this is in a hindsight. Still we can learn from these mistakes. {image}Ignored
Disliked{quote} Yes Because For Trading Direction We Need Space Between FL and if the LL have Touched the iQM Lvl then its not valid for safe trade . {quote} Also there might be a trade still valid if the MPL of the iQM Lvl is fresh .Ignored
Disliked{quote} Sorry just logged in. I will post the correct one.. In the mean time I analysed the 5 min chart, later I saw that there are few engulfs but i missed them. I am also learning. We all can learn together. In the below image, I can see the engulf, but it has not hit the next FL after retracing back to the source FL. Lets see what happens next.. If it doesn't hit the next FL, probably my FL drawings are not correct AGAIN. {image}Ignored
Disliked{quote} Hi Croweye, One thing the qm is mostly formed after an ignored resistamce or support?Ignored
Disliked{quote} When you look the QML vid from IF then you will see he only mark FTR/FL after we hit the next Zone otherwise its only an engulf 1 {image} 2 {image}Ignored