QML Pattern

What is a QML and How To Trade a QML

You will have an in-depth knowledge of what is a qml and how to trade a qml in this blog. A Quasimodo is a reversal pattern that can be traded with FTR.

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.

What is an FTR in forex?
An FTR is a Failure To Return/Retest a specific price level in forex, usually a qml trading level. The failure swing high or low depending on the type of qml(bearish or bullish) that failed to retest the qml level for entry purpose. a qml with an ftr is ideal for high probability.

We have attached several videos explaining more details, as you continue reading you will see them below.

Types of Qml(Quasimodo Pattern)
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.

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 reprice higher to retest the previous high that was violated when price was forming a higher high.

How to trade a QML
In a bearish Qml (Quasimodo Pattern) target was previously violated high when price was forming a higher high and used as an entry point for a sell setup.

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.

Advance QML Trading In Forex | Advance Quasimodo Pattern
An Advance Qml trading is a forex trading concept that aims to increase the success rate of the Quasimodo Pattern by Incorporating some institutional trading concepts such as order blocks, liquidity voids, breakers, Fair value gap(Fvg), and order flow. Retail Trading concepts such as supply and demand, FTR ( failure to Return/retest), and compression can also be traded with Quasimodo Pattern.


Focus on the following From The Quasimodo pattern Video:
MPL STRUCTURE [structures within a base, always go to the smaller time frame you will find those MPL structures within a base]
Breakers [responsible for FTR Formation]
Base
Supply and Demand [Previously violated base near highs and lows]
Compression or Manipulation [Compression is not Consolidation, Compression Focus Sideways Range which will be creating higher highs or lower lows. Consolidation forms a range with equal highs and; Related Post on: how to trade compression]
Liquidity Void [The QML entry level is just filling Liquidity Void]
Liquidity Pools [either buy-side liquidity or sell-side liquidity]

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.