Attachments: Up and under price pattern

Up and under price pattern

#3,921
Jun 26, 2021 12:13pm Jun 26, 2021 12:13pm

Chack
| Joined Jun 2021 | Status: Trader | 3 Posts

Quoting Amsunny

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{quote} This is not a true QM. go back and read all the chats and pictures here then you will understand better.

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Hello, Amsunny!

I´ve been reading your post and I actually think I get the QSM strategy thanks to it. Really apreciate.

I see you use mostly 1h and 4h. You draw the TDL in W and D?

What do you think about trading 5 and 15m?

And most important, I see that you use a lot of pairs. Wich are the top 5 where you think I´m gonna have it easier whit this strategy?

Thanks in advance!

#3,922
Jul 7, 2021 11:10am Jul 7, 2021 11:10am

Amsunny
| Joined Dec 2018 | Status: Trader | 55 Posts

Sorry for my late reply mate.
I will advice you to start with a few pairs 2 or 3 pairs will be enough.
Most time i draw my TDL on the 4and 1hr TF because i am more of a day trader; i use 15 and 5min for sniper entries.
Qm is everywhere on all timeframe you just have to train your eyes to see the right setup.
Practice makes perfect. Good Luck

Trade what you See not what you Think.

#3,923
Jul 8, 2021 4:21pm Jul 8, 2021 4:21pm

snf
| Joined Mar 2019 | Status: Knowledge Seeker | 143 Posts

Quoting Amsunny

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I just thought i could put this here. Trendline+QM We can see how Qm respected the trendline; this serve as an A+ confirmation for me. I didn't take this trade. i'm just doing some practice to find more profitable trades. {image}

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Hello Amsunny,

Do you have any advice with regards to drawing Trendlines?
Also, do you use Trendline breaks as confirmation as well?

#3,924
Jul 9, 2021 3:01am Jul 9, 2021 3:01am

Amsunny
| Joined Dec 2018 | Status: Trader | 55 Posts

Trendlines have been used for decades now and it depends on how you draw them, I prefer drawing them on the higher Tf minimum 15m.
Upon any trendline break i tend to look for a retest to a good key level and a confirmation candle. more practice will make you see them all over your charts.
Ps: Its doesn't work all the time but it works most of the time and with good RR you won't have any problem.

Trade what you See not what you Think.

#3,925
Jul 9, 2021 9:38am Jul 9, 2021 9:38am

snf
| Joined Mar 2019 | Status: Knowledge Seeker | 143 Posts

Quoting Amsunny

Disliked

Trendlines have been used for decades now and it depends on how you draw them, I prefer drawing them on the higher Tf minimum 15m. Upon any trendline break i tend to look for a retest to a good key level and a confirmation candle. more practice will make you see them all over your charts. Ps: Its doesn't work all the time but it works most of the time and with good RR you won't have any problem.

Ignored

Thank you for your input. Much appreciated.