Confluence for QM/FTR setups
Daily/Weekly Bias?
(Clusters, High Volume Edge, • nVPOC
Failed Swings, Daily Bias) Then • prior Value area
• y/pw High or Low were taken (entering into
• confirmed FS
• Three tap bottom
mark if found any Look at next key • Single Prints
daily/weekly level • Absorption at the low/high
• Trading into compression
if there is D/W bias, only 1 pattern confluence is
required
Trading from one H4 level to Limit
next using 30 min chart
Orders
Entry
• Cluster: Limit order @ last down/up bar before expansion, high vol
at
Cluster / QM Pattern top/bottom
Market Orders with 2 confluence factors • QM: Limit order @ last support/resistance that got lost before the
QM, high vol at top/bottom
Stop Placement
Failed Swing • Above/below the high/low for both setups - need to make sure not
with 2 confluence factors to stop out into another level
Target
Trades has to be executed in line with H4 flow. • Target must be 2R from entry, if not = no trade
• Target next H4 FTA where trade can turn against (H4 S/R,
This mean during entries looking at H4 structure for FTR/QM/FS levels.
nVPOC, D/W Level)
When in trade look for H4 FS or other levels for early exits • If D/W bias - D/W target
Trade Management
Entry • Trailing stop loss based on 30 min structure.
• Look at Evolving R
Market order after candle close. If market rally too Note: Being too aggressive will result in trailing stop hit, use 30min
much, refer to FTR and look for 30min FS to trail the stop, always assume a small
limit order entry patterns stop run and try to avoid it.
Stop Placement
Risk per trade
• 5 ticks below hi/lo if there is OF confluence • 1% risk per trade
• ATR based stop if there is no OF confluence • 2% risk per trade on HTF bias
Risk per day
Target • 2% risk per market (2 shots)
• 3% fixed risk for whole day
• Target must be 2R from entry, if not = no trade Risk per account and strategy
• Target next H4 FTA where trade can turn against • 10% risk per strategy - if single setup gets 10% individual
(H4 S/R,nVPOC, D/W level) drawdown I will re-evaluate what I have been doing wrong
• If D/W bias - D/W target • 25% risk per account - if whole account gets 25% DD I will re-
evaluate what I have been doing wrong
Trade Management Drawdown
• when in drawdown wait if trade forms a new structure to opposite
• Trailing stop loss based on 30 min structure. direction, if that happens wait for confirmation and close the trade.
• Look at Evolving R • After this happens don’t enter opposite direction immediately,
journal what happened and wait for new setup.
Note: Being too aggressive will result in trailing stop After SL
hit, use 30min • After getting stopped, new valid setup has to apprear with all valid
FTR and look for 30min FS to trail the stop, always criteria, never revenge trade
assume a small Journaling
stop run and try to avoid it. • Journaling is done twice a week on Wednesday and Friday
• All trades are journaled with screenshots and categorized by
setup with confluence points
Confluence for FS setup Trading hours
• BAM proper morning analysis, mark out opportunities and set up
• Footprint absorption inside the wick alerts
• fading y/pw Hi/Lo • Market is monitored around H4 candle closes 9PM evening
• key D/W level market scan, next day preparation
• HF/30min key S/R level Market mapping
• high rVOL candle • Weekly analysis with weekly levels and bias bars every Sunday
• double top/bottom fade evening.
• Daily analysis with daily levels and bias bars every evening during
• poor high/low fade the week
Intraday analysis every morning, mid-day and evening
if there is D/W bias, only 1 pattern
confluence is required.