02/05/ · Quasimodo strategy is one of the best price action trading strategies that traders use to make reasonable profit when trading Forex or Volatility Index assets. The strategy is one of the strategies that are not indicator based (free of indicators). It is very reliable and easy to blogger.comted Reading Time: 3 mins 21/07/ · What Is Quasimodo Pattern in Forex? Quasimodo Pattern is also called as OVER & UNDER Pattern. It is a reversal pattern that is created after a significant obvious trend. When a series of higher high, higher low, or lower high lower low is interrupted, Quasimodo Pattern is Estimated Reading Time: 6 mins 26/07/ · The Quasimodo chart pattern is a lesser known bearish chart formation in technical analysis. It has also been called the Over and Under chart pattern. This pattern can identify a high probability confluence area on a chart at a resistance zone that can lead to a reversal in an blogger.comted Reading Time: 3 mins
Quasimodo Pattern Explained | New Trader U
after visiting this forum yesterday again after some time and reading a nice thread i area quasimodo forex inspired to open a new topic here about my favorit entry zone or structure or pattern or what ever you wanna call it …The Quasimodo….
In the last years i learned how to spot an accurate entry zone in combination with the foundation i build up which offers a High RR Factor due to small to moderate SL´s. To Understand this Pattern we area quasimodo forex to understand the market structure which forms it …this is no rocketsience and pretty straight forward.
We can find this structure on every chart ,every time frame and every instrument its pure psychology. I will not go into every detail yet cause i just wanna focus on the structure itself so u can pop up your charts and start to train your eyes to find itsee itmark it …. grafik × 5. long story short we or I look for HH followed by HL followed by HH followed by LL to find my entry zone….
Of course there will be losers as with every other methology as well …the key to success is the high RR factor and the ability to manage the trade in a good way.
here is a chart example for you and i will come up with other trades here from now and then … hope you find some benefit for your own trading. NZD USD h1 grafik × 6. AUD CAD h1 grafik × here is another example for you … 2 trades on gold in 5 min chart …the blue box shows the quasimodo entry zone … i area quasimodo forex too lazy to lable it …thats your job if u wanna.
grafik × and i dont talk about a "double pullback " you may try to read again my friend … the gold trade is just coincidentally 2 set ups on top of each …. again its about a certain structure as u can read above … no rocketscience no new invention just simple trading. there you go if u wanna learn some more, area quasimodo forex.
Assumed it was a clever area quasimodo forex for places where arseholes get burned stops get taken out. just a structure which can be observed at areas of confluence … in trend direction or as a reversal and can be used to our advantage. First, the pattern just looks like a head-and-shoulders but with a downwards-sloping neckline. yes its a variation of a SHS Pattern …but its ugly brother area quasimodo forex for a shs you typical trade the neckline break big sl bad RR …here we trade the pullback into a liquidity area tight sl Big RR.
i heard about wolve waves but never traded something like this …its all about the stucture of price no matter how you call it … alot of shades of grey in trading …no black and white thinking something like : there is no holy grail …alot of ways lead to the goal…this is one which works good for me. After the Market Structure Break took Place the QM Entry Zone can be drawn in Its drawn by Marking the last Bullish candle of the Left Shoulder for Short Trades and the last Bearish Candle of the left Shoulder for Long trades Area quasimodo forex the whole Candle in consideration is one possibility to Draw in the QM Entry Zone but depending on willingness for risk it is also ok to take just the body or just the wicks of the particular candle for drawing the QM Entry Zone.
example Pic : grafik × hope you got me. asking questions is smart not dumb. LOL thanks for your constructive contribution you can surly call it what you want mate … as i said above its about the STRUCTURE not the name.
grafik × 7. see the differents for the potential SL … for SHS sl would be below left shoulder …alot of pips from your entry area quasimodo forex the breack of neckline… for QM it would be also below left Shoulder but due to the fact that we enter on the pullback in a defined zone AFTER a break in STRUCTURE we have a big difference in RR factor.
trading SHS gives me no confirmation when the pullback forming the right shoulder will hold and when not area quasimodo forex iam not able to trade this pullback and need to stick to the break as confirmation…traded SHS along time area quasimodo forex was not satisfied with the low RR on some stage so i looked for some methology to get me more R´s …this is what pushes my trading forward …, area quasimodo forex. so in the end yes it is very similiar to a SHS but the small details are what makes a hugh difference ….
I like it. let em take stops and hunt for liquidity … structure is key. gold long trade from today …2 possible entrys …i woke up late took the second one …almost missed it grafik × So what is that quazimodo area quasimodo forex anyway? Something like for example this shoping or sort of it where you have some not very fine angles and this is like opportunity for you to trade there or what really?
I do not see it earlier anyway. I do see it better though. The Quasimodo Zone Trading Systems. Free Forex Trading Systems. Trueman23 July 14,pm 1, area quasimodo forex. I will not go into every area quasimodo forex yet cause i just wanna focus on the structure itself so u can pop up your charts and start to train your eyes to find itarea quasimodo forex, see itarea quasimodo forex, mark it … So lets have a look at the structure i talk about : grafik × 5.
grafik × area quasimodo forex. Trueman23 July 16,area quasimodo forex, am 2. here is another example for you … 2 trades on gold in 5 min chart …the blue box shows the quasimodo entry zone … i was too lazy to lable it …thats your job if u wanna grafik × dpaterso July 16,am 3. There is a technical term for a double pull back it escapes me now is all. Trueman23 July 16,am 4. dpaterso July 16,am 5.
No worries. Carry on, area quasimodo forex. Trueman23 July 16,pm 6. tommor July 16,pm 7. Trueman23 July 16,pm 8. tommor July 16,area quasimodo forex, pm 9. Fantastic explanation, thank you. Trueman23 July 16, area quasimodo forex,pm justshell July 16,pm LOL thanks for your constructive contribution you can surly call it what you want mate … as i said above its about the STRUCTURE not the name maybe this makes it more clear … grafik × 7.
PanchoVilla84 July 17,am Trueman23 July 17,area quasimodo forex, am justshell July 23,area quasimodo forex, pm it makes me think about that sad Disney movie from back in the day with that hunchback.
dpaterso July 23,pm Dunno about sad. I thought it was funny!!! Trueman23 July 24,am Trueman23 July 24,pm and a quick short on gold …time for some relax without charts … grafik × Eroedon July 24, area quasimodo forex,pm
Why Quasimodo is so difficult?
, time: 18:21The Quasimodo Zone - Free Forex Trading Systems - blogger.com Forex Trading Forum
27/07/ · The Quasimodo chart pattern is a lesser known bearish chart formation in technical analysis. It has also been called the Over and Under chart pattern. This pattern can identify a high probability confluence area on a chart at a resistance zone that can lead to a reversal in an upswing. It is a signaling pattern that can confirm a trader’s bearish The reason for my entry is to find supply and demand area on H4 timeframe. Mark the area, proceed to lower timeframe. Find any possible setup, in this case there is a quasimodo reversal pattern. L H LL HH. Hence, mark the base on L. SL is based on lowest support under line chart. Tp would be on where you mark H or HH 21/07/ · What Is Quasimodo Pattern in Forex? Quasimodo Pattern is also called as OVER & UNDER Pattern. It is a reversal pattern that is created after a significant obvious trend. When a series of higher high, higher low, or lower high lower low is interrupted, Quasimodo Pattern is Estimated Reading Time: 6 mins
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