In my journey as a trader, I've explored countless techniques and strategies, but one pattern has consistently stood out for me: the Quasimodo (QM) Pattern.
I remember the first time I came across this advanced price action trading concept. The precision in identifying supply and demand zones, coupled with its high probability of success, caught my attention immediately. Over time, the QM Pattern has become a staple in my trading toolkit.
Here's how I use the QM Pattern in my trading:
1. Spot the Pattern:
Identify the formation of a Higher High (HH) followed by a Lower Low (LL). This signals a potential reversal in the market.
2. Wait for the Retracement:
Look for the price to retrace back to the QM Supply Zone, which is the area around the previous HH.
3. Enter the Trade:
Place a sell entry at the QM Level (QML). This is where the price is likely to reverse again.
4. Set Stop Loss:
To manage risk, set a stop loss (SL) just above the HH.
5. Take Profit:
Aim for take profit targets as the market moves in your favor, typically at predefined support levels.
The QM Pattern has significantly improved my ability to make strategic trading decisions and manage risk effectively. It's been a game-changer in my trading journey.
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