QmlQuasimodo Trading
QmlQuasimodo Trading
QmlQuasimodo Trading
ghosttraders.co.za/blog/what-is-a-qml-and-how-to-trade-a-qml/
Definition
A QML is a reversal pattern that is created after a significant move in the market. Price
will retrace back to fill the liquidity void. our main focus is a QML(Quasimodo Pattern) with
FTR and Liquidity void for high-probability trading.
we have placed valuable content in the form of videos. and examples from previous QML
Trading setups, to help you understand what is QML and how To trade QML.QML is also
called Quasimodo which is a cartoon character.
We have attached several videos explaining more details, as you continue reading you
will see them below.
1. Bearish Qml
A bearish Qml (Quasimodo Pattern) is a structure that has a lower and a lower low
created before price rally up and takes out the previous recent high, forming a new higher
high than repricing lower to retest the previous low that was violated when price was
forming a lower low.
HERE IS AN EXAMPLE:
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BEARISH QML |Bearish Quasimodo Pattern
2. Bullish Qml
A bullish Qml (Quasimodo Pattern) is a structure that has a high and a higher high
created before price decline and takes out the previous recent low, forming a new lower
low than repricing higher to retest the previous high that was violated when price was
forming a higher high.
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Bullish Quasimodo Pattern |QML Trading Pattern Example
In a bullish qml target previously violated low when price was forming a lower low and use
it as an entry point for a buy setup.
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Advance QML (Quasimodo Line) trading is an advanced trading concept that aims to
improve the probability of winning in trading by incorporating high-probability trading
strategies such as order blocks and fair value gaps, along with other institutional trading
techniques. This concept was introduced by GhostTraders back in 2018 after discovering
ICT (Inner Circle Trader) trading concepts as a Quasimodo Line trader.
GhostTraders blended ICT trading concepts with Quasimodo Line trading concepts to
develop the concept called Advance QML Trading. The purpose of this blending was to
create a simplified and professional approach to trading, leveraging the proven strategies
and methodologies used in institutional trading to increase the likelihood of successful
trades.
In summary, Advance QML Trading combines the Quasimodo Line trading concepts with
established trading strategies to create a more robust and effective approach to trading.
The incorporation of order blocks and fair value gaps enhances the trader’s ability to
identify high-probability trading opportunities and make informed decisions in the market.
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The understanding of the Quasimodo Pattern is crucial as it indicates a break in market
structure, this can give you an advantage in understanding or trading in line with order
flow. Traders That are still struggling with order flow for directional bias should focus on
understanding QML, BREAKER, and MITIGATION BLOCK Structure because the
structures all indicate a shift in market structure.
The Quasimodo Pattern Originally Come From a Quasimodo cartoon, If you look at the
structure and cartoon posture you can see clearly why it was named a qml pattern.
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