WHAT IS QM (SIMPLY)Quasimodo trading setup or QM is an advanced reversal pattern in which its formation signals the end of a trend, and most traders use its variants to improve trading results in the forex market.
If u don't understand it, there is high possibility for stop hunting.
u may heard HEAD AND SHOULDER pattern, yes?
QM is exactly HAD (head and shoulder) and u can trade it at: FL'S _ S&D ZONES and SR lines.
it is also a Great show for money back and u can short it at all.
What invalidates it?
only Do not ENG the first support.
Stop
#LOS/USDT#LOS
The price is moving within a descending channel pattern on a 4-hour frame, which is a retracement pattern
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.0001125
The first target is 0.0002045
The second goal is 0.0002690
The third goal is 0.0003500
✅ +27% PROFIT TRADE REVIEW: $TONUSDT part 2- TON is acting great
- It is a good place to improve the worst case scenario and move stop loss
- I would protect +15% guaranteed win on the position IF i have not sold before (READ PREVIOUS ALERTS I OFFERED A FEW SCENARIOS HOW TO PROTECT GAINS)
- If you sold half already at +25% Profit, then you can keep previous stop at +10% and give it more room to play out (I generally prefer to move stop loss and 'choke' the position out)
📈DYDX: Is it finally breaking out?🔥🔔🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move.
✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price.
🛒The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile.
🚀For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels.
📊One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin.
💥The RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards.
🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Simple management is easier on your mindhi, just wanted to share a couple of thought on management, mainly for new members.
in my eyes, there are two categories of management: simple (fixed RR) and more complex (variations of trailing).
Both have positive and negative sides.
In my eyes, as a very very subjective opinion, simple fixed RR system will be better for most people. Or ok, I'll not speak for most, but for me definitely.
Why so:
incredible simplicity, cause you just need to test to see how much your trades usually run + create b.e. rule, and you're good to go
3-5RR are usually best for fixed RR systems
do not underrestimate the energy that goes into making decisions while managing and waiting, watching for the trade to develop into higher RR's. With fixed you don't have this - you just go b.e. and then you can close the terminal, and go away if needed. However yes, advanced experienced consistent traders would trail almost with no extra emotions, cause it's usually more mechanical. With that said, for many relatevely new traders, trailing could be extra emotional.
with fixed, you'll have less chances to become emotional, because of many reasons, for me personally fixed RR system gives a sense of accomplishment on every trade, while with managing I'm constantly thinking how can I manage longer better etc. So I'm rarely satisfied when I'm getting stopped out on trail, cause I'm still "stopped out", while on fixed I have a sense of good work done. I know it's weird, but it's personal experience
I could continue, but I guess the general guideline is there.
My main message is that TP can be a very simple fixed 3 or 4RR and that would be more than enough and easier for most people's mind
have a good weekend.
GA: “Break & Retest” Setup on “Momentum” Buy Stop Entry (32/100)System has identified a “B&R” playbook setup and a potential “momentum” shift buy stop entry during the first hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 2R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using GBP pairs. The win rate and expectancy are unknown. Please do not take these trades.
The Different Entry Order TypesTake your Trading Skills to the Next Level: Understanding Entry Order Types 💪
When it comes to trading, mastering the art of order execution is essential for success. Let's dive into the different entry order types that can help you optimize your trading strategy and make more informed decisions:
𝐋𝐢𝐦𝐢𝐭 Order: A limit order is your ticket to precision. With this order, you specify the exact price at which you want to buy or sell an asset. It's perfect for setting target entry or exit points and ensures you don't miss out on opportunities. Limit orders give you control and prevent you from overpaying or underselling.
𝐌𝐚𝐫𝐤𝐞𝐭 Order: Market moves fast, and sometimes you need to act quickly. A market order is your go-to choice for immediate execution. It buys or sells an asset at the current market price, ensuring your order is filled promptly. Market orders are handy when you want to enter or exit a position quickly, but keep in mind that the execution price may vary slightly from what you see on the screen.
𝐒𝐭𝐨𝐩 Order: Risk management is paramount in trading. Enter the stop order, a tool used to limit losses or protect profits. It lets you set a predefined price at which your order will trigger, helping you maintain discipline in volatile markets. Stop orders are your safety net, ensuring you don't let emotions dictate your trading decisions. Whether you're cutting losses or securing gains, stop orders are your trusty companion.
Each entry order type serves a specific purpose in your trading arsenal, and understanding when and how to use them can make a significant difference in your trading success. Here's a quick breakdown of scenarios:
🔸Limit orders are great for entering trades at your desired price levels or taking profits when prices reach your targets.
🔸Market orders are ideal for getting in or out of trades swiftly when time is of the essence.
🔸Stop orders are essential for managing risk, preventing significant losses, and securing gains in volatile markets.
Keep honing your trading skills, and don't hesitate to explore these different entry order types to elevate your trading game. By using these tools effectively, you can navigate the financial markets with confidence and strategy.
Remember, successful trading requires continuous learning and adaptation to market conditions. Stay informed, stay disciplined, and keep your trading journey on the right track.
Thanks for Your attention, sincerely yours, Kateryna🫶
UJ: “Break Out, Break Back In” Setup on “Momentum” Entry (4/100)System has identified a “BOBBI” playbook setup and a potential “rejection” sell stop entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
Bitcoin and the Engineering of a Mass 2-Way LiquidationBitcoin is set up to perform a two way liquidation any moment now - as it corresponds to DXY.
The chart is loaded with stop orders shown respectively as buy orders in green and sell orders in red.
This is how the chart engineers such moves to perform at such speed without reliance on retail traders at all - the orders are embedded in the chart itself.
Think of lighting the fuse of a chain of explosives that accumulate more and more momentum in a big chain reaction.
Look at my levels shown here for liquidation top and bottom - Bottom is the entry of a bull market to 60,000 or more.
God speed and be safe.
📉Mastering the Art of Control: Stop and Limit Orders Unveiled📈
📌In the thrilling world of forex trading, where fortunes rise and fall in the blink of an eye, having the ability to control your trades is paramount. Among the arsenal of tools at your disposal, stop and limit orders reign supreme. These magnificent creations empower traders to set their own boundaries and ensure that the roller coaster ride of forex trading remains under their command. So, buckle up and embark on this exciting journey of understanding stop and limit orders!
📌Understanding Stop Orders:
Stop orders are like steadfast guardians, appointed to protect your hard-earned profits or minimize potential losses. Imagine them as your personal bodyguards ready to leap into action at the first sign of trouble. When you place a stop order, you determine a specific price at which your trade should be closed automatically if the market moves against you. This mighty order helps you sidestep the risk of your entire trade being wiped out by sudden market swings or unexpected news events.
📌Shining a Light on Limit Orders:
Limit orders are akin to skillful negotiators, tirelessly working to secure the best possible price for your trades. Picture them as your savvy diplomats, taking charge of your trades and ensuring you reap maximum rewards. With a limit order, you specify a particular price at which you want to enter or exit the market. It’s like having an invisible hand that waits patiently until your desired price is met before executing your trade. This remarkable order empowers you to seize opportunities and helps lock in your well-deserved profits.
📌The Dance of Stop and Limit Orders:
Now that we understand each order's unique strengths, let's witness the masterful coordination between stop and limit orders, as they work together seamlessly to protect and maximize your forex trading outcomes. By using stop and limit orders in tandem, you can create a framework that balances risk and reward, empowering you to navigate the treacherous waters of the forex market.
📌Example Scenario:
Imagine you're trading EUR/USD, and you've just entered a long position at 1.2000. You're optimistic about the pair's potential, but you don't want your gains to vanish overnight. In this case, you place a stop order at 1.1950. This ensures that if the market takes a nosedive and reaches 1.1950, your trade will be automatically closed, safeguarding your hard-earned capital.
Simultaneously, you set a limit order at 1.2100, securing your target profit level. It's like having a guardian angel watching over your trade, ensuring that once your desired profit is reached, your trade is closed automatically, guaranteeing you a win.
📌Conclusion:
Stop and limit orders are the under-appreciated heroes of forex trading, granting you the power to control and protect your trades. With stop orders acting as your shield and limit orders as your sword, you can set your boundaries and seize opportunities with confidence. Harnessing the potential of these remarkable orders will elevate your trading game by ensuring you stay in charge, even when the markets are at their most unpredictable. So go forth, brave traders, and let your stop and limit orders pave the way to victory in the thrilling realm of forex trading!
I hope this post was helpful to some of our beginner traders😊
Dear followers, let me know, what topic interests you for new educational posts?
US100 - Can we catch some pips to the downside?Hi traders,
Sell on US100... Why?
1. Divergence on the 4 hour.
2. Strong fake out rejection on the 4 hour.
3. Big fakeout rejection to the upside on the 4 hour.
4. Broke the last low on the 1 hour.
US100 could possibly do a small stop hunt to the upside before dropping further down.
Let's anticipate!
What do you think of this analyses?
Let me know!
Have a nice trading day all!
Why do most traders end up losing moneyThis question is quite scary, but if you are a novice and see this question, congratulations, you are on the right path of trading.
The most important lesson to learn before entering the financial markets is risk expectation.
You can ask yourself, how much money do you want to make from trading? Is your goal asset appreciation, or a small fortune?
If a trade loses money, will it affect your own life?
Is your own character able to stop losses in time, or do you have no self-control?
After asking these questions, we decide whether to enter the financial market.
So why do the vast majority of traders lose money?
1. Because of the particularity of the financial market.
I believe that many friends have heard of the 28 rule. For example, in the distribution of wealth in our society, 20% of people control 80% of social wealth; 20% of people will persist in encountering difficulties, and 80% of people will give up when encountering difficulties.
The rule of 28 is ubiquitous in life, and it also determines what kind of people will succeed and what kind of people will fail.
As for the financial market, it is crueler than real life, because there are no rules in this market, only human nature, so the financial market even surpasses the rule of 28, and less than 10% of people may make profits. In the face of money, most people want to make a big fortune with a small amount, and want to turn around by trading, so those who have stable personalities, strong self-control, low income expectations, and money in their hands are silently harvesting these people who are eager for quick success.
Some people may say that the world is inherently unfair, and those who hold funds can only survive because of the capital.
Actually no. We Xiaosan hold small funds, and we can achieve low return expectations, or we can do it slowly, but how many people are just anxious to make money? Just want to make a big difference with a small one? Just don’t regard money as money, and think it’s a big deal to take a gamble, and if it’s gone, it’s gone?
So it has nothing to do with the amount of capital, but has something to do with people. In financial markets, human nature is the rule.
2. Too many people are dominated by human nature.
As I said before, there are no rules in the financial market, and human nature is the rule.
Trading is a very anti-human thing. Human nature is greedy for comfort, averse to risk, afraid of losing, feeling that one's level is higher than others, hating giving and learning, impatient, etc., which will be infinitely magnified in trading.
There is a saying in the trading industry that trading can be profitable, mentality accounts for 70%, and technology accounts for 30%. In actual combat, it seems that it is not difficult for traders to see the market correctly, but it is very difficult to complete this wave of market and make profits. Why?
I give two examples.
For example, the problem of stop loss in trading.
Seeking advantages and avoiding disadvantages is a characteristic of human nature, unwillingness to lose, unwilling to accept losses, this is human self-protection awareness. Stopping losses in the wrong direction means losing our real money, who can bear it? So in actual combat, many people rationally know that the direction is wrong, but they just don't stop losses, and even increase their positions against the trend, floating orders, allowing the stop loss to become bigger and bigger, and finally lead to serious losses.
Another example is the profitable position in the transaction.
The market trend always fluctuates upwards, or fluctuates downwards, and profit taking in positions is often encountered. Once profits are withdrawn, we will have a sense of insecurity in our hearts, worrying about the reversal of the market and losing profits. This insecurity is also due to human nature.
Even if we rationally know that the profit target has not yet been reached, we should continue to hold positions, but the little emotion of longing for peace of mind has been tormenting us, and in the end we couldn't help but close the position, and made a lot of less money. We comfort ourselves that it is all right, at least there is no loss. But in fact, less earning = loss, because the amount you lose next time will be greater than the money you earn. In the long run, your overall loss will be.
There are many such examples, such as betting on the market, heavy trading, unwillingness to admit defeat, stop loss leading to liquidation, etc., are all caused by the aversion to loss in human nature and the fear of failure.
In fact, if we look at the trading market 100 years ago, it is basically the same as the current human nature problem. The weakness of human nature is very strong, and it is also the main reason why traders lose money.
So at the beginning, I asked everyone to ask themselves those questions, just to let everyone understand their own personality, their current situation, and their human nature, so as to help you win certain opportunities in the trading market.
Trading is like a free game. It seems that the threshold is low and no money is required, but in fact some hidden costs are contained in it, and the human nature is clearly played for you. Therefore, before making a transaction, you must have an existing risk expectation, and then think about making money.
ASIA UJ BOBBI ON REJECTIONUSDJPY looks to be lining up one of our favorite playbook setups (BOBBI) by faking the break up before potentially swinging lower for a short term reversal. If the odds are in our favor we should at least bag us twice our risk, and maybe not much more, as the big picture suggest presence of a bullish trend
Probability of success 50%
ORDER TYPES IN TRADING | LIMIT VS STOP
✴️Types of orders in trading
There are two main types of order: entry orders and closing orders. An entry order is an instruction to open a trade when the underlying market hits a specific level, while a closing order is an instruction to close a trade when the market hits a specific level.
✴️Stops vs limits
A stop order is an instruction to trade when the price of a market hits a specific level that is less favourable than the current price.
On the other hand, a limit order is an instruction to trade if the market price reaches a specified level more favourable than the current price.
✴️Stop orders explained
You can use stop orders to close positions and to open them, by using either a stop-loss order or a stop-entry order.
✴️Stop-loss orders
A stop-loss order is the common term for a stop closing order – an instruction to close your position when the market value becomes less favourable than the current price.
✴️Stop-entry orders
A stop-entry order enables you to open a position when the market reaches a value that is less favourable than the current price.
If you were opening a long position, you’d place your stop-entry order above the current market price. And if you were opening a short position, you’d place your stop-entry order below the current price.
Although it may seem strange to open a trade at a worse price, stop-entry orders can enable you to enter a trade once a trend has been confirmed. This helps you take advantage of market momentum.
✴️Limit orders explained
Like stop orders, limit orders can be used to open and close trades.
✴️Limit-entry orders
A limit-entry order enables you to enter a trade when the market hits a more favourable price than the current price. For long positions, this would be below the current price level and for short positions this would be above.
✴️Limit-close orders
A limit-close order enables you to close a trade at a more favourable price – which would be at a higher level for a long position and a lower level for a short position.
The major drawback of a limit order is that there is the possibility it will not be filled if the market never reaches your order level – in this case the order would expire. If you had placed a limit-entry order, it is possible that your trade would never be executed. And if you had placed a limit-close order, your trade would not be closed automatically.
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GME Potential for Bearish Drop | 27th January 2023Looking at the H4 chart, my overall bias for GME is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market.
Looking for a sell entry at 18.85 to form the retail double top pattern. Stop loss will be at 22.47, where the recent high is. Take profit will be at 15.43, where the previous swing low is.
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🟢STOP AND LIMIT ORDERS EXPLAINED🟢
✴️Types of orders in trading
There are two main types of order: entry orders and closing orders. An entry order is an instruction to open a trade when the underlying market hits a specific level, while a closing order is an instruction to close a trade when the market hits a specific level.
✴️Stops vs limits
A stop order is an instruction to trade when the price of a market hits a specific level that is less favourable than the current price.
On the other hand, a limit order is an instruction to trade if the market price reaches a specified level more favourable than the current price.
✴️Stop orders explained
You can use stop orders to close positions and to open them, by using either a stop-loss order or a stop-entry order.
✴️Stop-loss orders
A stop-loss order is the common term for a stop closing order – an instruction to close your position when the market value becomes less favourable than the current price.
✴️Stop-entry orders
A stop-entry order enables you to open a position when the market reaches a value that is less favourable than the current price.
If you were opening a long position, you’d place your stop-entry order above the current market price. And if you were opening a short position, you’d place your stop-entry order below the current price.
Although it may seem strange to open a trade at a worse price, stop-entry orders can enable you to enter a trade once a trend has been confirmed. This helps you take advantage of market momentum.
✴️Limit orders explained
Like stop orders, limit orders can be used to open and close trades.
✴️Limit-entry orders
A limit-entry order enables you to enter a trade when the market hits a more favourable price than the current price. For long positions, this would be below the current price level and for short positions this would be above.
✴️Limit-close orders
A limit-close order enables you to close a trade at a more favourable price – which would be at a higher level for a long position and a lower level for a short position.
The major drawback of a limit order is that there is the possibility it will not be filled if the market never reaches your order level – in this case the order would expire. If you had placed a limit-entry order, it is possible that your trade would never be executed. And if you had placed a limit-close order, your trade would not be closed automatically.
😊Thank you for reading, guys😊
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Stop Trading the Fed Funds RateThe fed usually hikes into growth and eases when it realizes the economy is too weak to absorb the impact of the hikes, so historically stocks usually rise as the hiking begins and crashes when the fed takes their foot off the pedal.
This time the fed is late. They hike as the housing market is brought to its knees and the economy is slowing. Equities are down, but this is not due to recession expectations. The bond market has reacted to rate hikes, bond yields rise, the discount rate affects the equity market by eating away at their earnings targets. The higher the yield is, the more your company has to make than that in growth to give incentive to invest in it over just holding fixed income. Rate hikes have many systemic effects like this that increase the cost of credit and directly impact the equity market.
If you're holding risk assets you're better off with the Fed holding the line with the hikes in the short term. In the longer term we are screwed no matter what levers the fed pulls. Monetary magic can not save the economy now.
Easing or slowing the hikes (which isn't my prediction, but a market's hope) would be a signal to another group of market participants that we haven't seen sell anything yet who are trading based off of what easing signals. So far equities have only reacted to changes in the discount rate. They have not started pricing in a recession and current price action is a bet on temporary economic contraction with no hard landing.
Three different recession, three different initial conditions, same market behavior:
The probability of a soft landing is zero percent. The mystery of this market isn't the direction it's how low it's actually going to go. The more funny retail money enters this market, the higher the chance we could see unprecedented drawdowns far worse than anyone so far has expected.
Everyone in retail, their aunt, uncle, grandma, and dog, is trading speculatively based off the fed funds rate. They believe that a change in the pace of hikes or basis point increases will breathe life into the economy. They have not traded a market like this before.
If you think the economy can recover without a crash, park into cash and sit this one out. Stop listening to these talking heads in mainstream media telling you everything will be ok. You are the customer and the product holding up their portfolio as they exit leaving you holding the bag.