![]() ![]() In that case, you’ll have to drill down to the lower timeframes to locate the kink. Traders will need to keep in mind, though, that there will be times when the kink is not visible on your traded timeframe. The stop in this example would’ve been limited to only a few pips, and even with the small move seen off the level, a comfortable risk/reward ratio would have been achieved. One could, therefore, place stops beneath this kink and enter long at the QM level. As logged on the chart, the kink that surrounds the QM level is significant. The first approach may be considered slightly aggressive, but if you manage to get it right the risk/reward can be absolutely incredible.īelow is such an example. Stop-loss placement when using QM levelsĪs far as we’re aware, there are two concrete methods available concerning stop-loss placement when trading QM levels. When looking for additional confirmation at your QM base, remember that the more reasons there are to trade a level, the more likely it’ll hold! So, do not be afraid to experiment here! You may be satisfied with two additional levels converging with a QM, or you may wish to employ a strategy which involves a solid approach, strong additional tech levels along with candlestick confirmation. Once you fully understand the mechanics behind the AB=CD formation, you’ll begin seeing setups such as the one below: an AB=CD pattern on gold’s H1 chart that fuses nicely with a QM level. The AB=CD pattern has been covered in depth here: What is an ABCD Pattern, so please go ahead and check it out.
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