Dislikedmasterming do you have preferred "Q" levels for each pair on different TFs (M5/M15/M30)? i am strangling to find something that works across on all of them...so far i am using Q250 and using it on 9 pairs 22/5 (although on demo...in a real account i would take friday off... to eliminate orders "standing by" over the weekend)Ignored
M1 [Q=200 - Asian session, Q=300+ - London session]
M5 [Q=40 - Asian session, Q=40+ - London session]
M15[Q=10 - Asian session, Q=10+ - London session]
M30, H1, and higher TFs by request.
There is no such thing as a perfect Quantum fit for a given pair or any pair in general only what I call a best fit.
But even a best fit cannot be successful all the time and therefore relies on timely input from an alert trader.
A dynamic approach is required meaning that the PA on the chart for a given pair must also be considered and Q modified to fit with recent PA and trading window trading ranges.
Moving forward there is no guarantee of getting Q right all the time or at all.
So a risk management approach is necessary in preserving the trading account (trade count, trade lot size and account margin etc etc).
Starting out with QAM hopefully you applied 1 pair and then progressed from there to eventually get to 9 pairs.
I also hope that you have a huge amount of margin level% trading 9 pairs and using ultra low lot sizing (minimal lots).
Try to close out of trades early on a Friday and certainly before FF Open otherwise a cycle can indeed head straight into the weekend which can create unfavorable gapping situation in price if you are running anything but the smallest of cycles.
If you get caught up in longer term cycles then sometimes you have little option but to weather the storm as I have done on several occasions.
But my preference will always be that no trades open over the weekend is a very good option.
ps. feel free to share some of your cycles by posting them here if you wish as multiple pairs is what I'll be trading more of once this account grows larger even though I have had 4 pairs running at a time (carefully selected pairs noting account exposure).
pps. Trading too many pairs too soon on an underfunded account can be quite dangerous unless you are an expert hedger or are only applying tiny lots on a few trades per pair. Watch the account margin as this needs to be plentiful.
Master your Mind then Master your Trades
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