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- Pipsometer replied Jan 1, 2020
Happy New Year. I took a break from trading in December because we have a new addition in my family. I also took the opportunity to hone my skills. I will be posting some beautiful set-ups later.
QM/SnD Price Action "System"
- Pipsometer replied Nov 21, 2019
USDCAD Price is right there at the QM level. Selling right away.
QM/SnD Price Action "System"
- Pipsometer replied Nov 21, 2019
I don't trade Natural Gas but this is a lovely QM. Sell at 2.612
QM/SnD Price Action "System"
- Pipsometer replied Nov 17, 2019
EURGBP Daily & 4HR Nice recent Price Action close to the QM Level Buy-limit at 0.8542
QM/SnD Price Action "System"
- Pipsometer replied Nov 17, 2019
GOLD 4H Sell limit at 1481. This is a strong zone. High Probability trade.
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
NZDCAD 15 Min Sell Limit at 0.84914. SL should be safe at 0.84950 (+a few pips for spread and broker differences) TP at 0.83890. Watch out for area around 0.84415 as there is a QM level there that may send prices back up.
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
Thank you for your kind words. I think that beyond having a strategy it is important to be learn how to read the market well and to understand what story the price action is saying. I find that the concepts of engulfing patterns, quasimodo, supply ...
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
Bitcoin 4H. This is a good buy should it get to the 7844 area. Still a long way down though.
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
EURAUD Sell limit at 1.6338. I missed the lower QM level. Should have placed sell limit at the green rectangle.
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
This is another trade I took on GBPJPY. Trade is still running. Notice how price reacted to that level.
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
There are lots of material available on the subject of QM patterns but I will just try to describe the pattern in this post: As seen in the first two pictures, it requires five legs to complete and entry is made at the end of the fifth leg. Better ...
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
Thanks for your post. I will be sharing a graphic on the QM levels and how to spot them soon probably today. You are right that there is a decent chance that we may have a reversal at around 74.7. I have marked the level at 74.66 where we had a SR ...
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
OIL H4. Very close to the QM Level. Great place to short. Putting a sell limit at 58.6.
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
CADCHF 1Hour. Blue QM level is at a significant level where we had support become resistance. Sell limit at 7514. Green QM level also good for longs. The arrows indicate how I expect the moves to play out. More important are the marked zones.
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
AUDNZD 4Hour. This QM level worked before and should easily work again. Sell at 1.08039.
QM/SnD Price Action "System"
- Pipsometer replied Nov 16, 2019
These levels are called Quasimodo Levels. When combined with supply and demand, they work quite well and allow very good risk:reward
QM/SnD Price Action "System"