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Quantum London Trading

  • #421
  • Aug 12, 2015 12:14am Aug 12, 2015 12:14am
Quoting gwindy
Guys, do you take trades during the Frankfurt session or wait until the London session starts?
Please read post #1 available here........

http://www.forexfactory.com/showthread.php?t=551382

Draw a line on your GU [M1 Chart] @ 5am GMT and look for signals to enter beyond that line.

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #422
  • Aug 12, 2015 12:23am Aug 12, 2015 12:23am
No worries. Sorry I had read the first post, but noticed from other posts that you seemed to be trading session times. I assume in cycles only
  • #423
  • Aug 12, 2015 12:32am Aug 12, 2015 12:32am
Quoting gwindy
No worries. Sorry I had read the first post, but noticed from other posts that you seemed to be trading session times. I assume in cycles only
Yes I have been trading Tokyo Session and testing other possibilities but I would suggest testing out the initial method as per post #1.

Masterrmind............
Master your Mind then Master your Trades
  • #424
  • Aug 12, 2015 12:37am Aug 12, 2015 12:37am
Quoting Masterrmind
{quote} Yes I have been trading Tokyo Session and testing other possibilities but I would suggest testing out the initial method as per post #1. Masterrmind............
Thanks Mastermind I am testing with the EA at the moment
  • #425
  • Aug 12, 2015 1:12am Aug 12, 2015 1:12am
Quoting gwindy
{quote} Thanks Mastermind I am testing with the EA at the moment
Sounds good!

The EA makes it far easier to enter trades when and where they should be entered (especially for multiple entries on a M1 TF) but always monitor your positions.

ps. trading today has been unbelievable (live trading on a few different pairs)...shhh!

Masterrmind...........
Master your Mind then Master your Trades
  • #426
  • Aug 12, 2015 1:12am Aug 12, 2015 1:12am
the reason why mers suggest to trade from frankfurt session could possibly that asian session and the ending of US session could be really dull and less liquidity, which could cause a long and slow ranging movement. Such market activity could kill your positions if the retracement isn't big enough to react with your bigger lot size positions.
  • #427
  • Aug 12, 2015 1:17am Aug 12, 2015 1:17am
Quoting callmejack
the reason why mers suggest to trade from frankfurt session could possibly that asian session and the ending of US session could be really dull and less liquidity, which could cause a long and slow ranging movement. Such market activity could kill your positions if the retracement isn't big enough to react with your bigger lot size positions.
That is one way of looking at it but what I like about the Asian session is the expectation of a limited DD and a very common occurrence of price action taking price back to test the daily open........

Tokyo Open has really been working well for me..........

Masterrmind............
Master your Mind then Master your Trades
  • #428
  • Aug 12, 2015 1:17am Aug 12, 2015 1:17am
Question...
When we stop looking for first box?
Is there a precise time when we are done for the day even when no box appeard?
Now is 07.15 GMT and i have no box on my chart...
Let's say there will be 11.00 GMT and still no box, should I wait longer?

Sorry for mistakes in english
  • #429
  • Aug 12, 2015 1:31am Aug 12, 2015 1:31am
Quoting Masterrmind
{quote} That is one way of looking at it but what I like about the Asian session is the expectation of a limited DD and a very common occurrence of price action taking price back to test the daily open........ Tokyo Open has really been working well for me.......... Masterrmind............
ya. those playing the 00 level trading method would know asian session often swings around the DO. glad it worked well for you MM!

Green pips to ya ;D
  • #430
  • Aug 12, 2015 1:31am Aug 12, 2015 1:31am
Quoting Masterrmind
{quote} That is one way of looking at it but what I like about the Asian session is the expectation of a limited DD and a very common occurrence of price action taking price back to test the daily open........ Tokyo Open has really been working well for me.......... Masterrmind............
I have observed that too Looks good. Do you start the Asian session around 1am GMT?
  • #431
  • Aug 12, 2015 1:41am Aug 12, 2015 1:41am
Quoting laksior
Question... When we stop looking for first box? Is there a precise time when we are done for the day even when no box appeard? Now is 07.15 GMT and i have no box on my chart... Let's say there will be 11.00 GMT and still no box, should I wait longer? Sorry for mistakes in english
I don't think there is a precise time however what you need to be more concerned about is opening a set of trades when the market hits a ranging period and leaves your trades in DD (this can create higher risk)

There are many factors involved but you will need to be the one that makes that call ...

the later the time in the trading day then the better it might be for you to say " forget trading today I will wait until tomorrow when the entries look better and my risks are likely to be less".

2-3 hours after NY Open and the market may not provide a suitable exit for your trades (not always true of course).

Go back through the charts on the GBPUSD pair and look at the entry and exits produced and try to see an occurring pattern!

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #432
  • Aug 12, 2015 1:45am Aug 12, 2015 1:45am
Quoting callmejack
{quote} ya. those playing the 00 level trading method would know asian session often swings around the DO. glad it worked well for you MM! Green pips to ya ;D
The hope is that others will see this and ride that train.............

Masterrmind..........
Master your Mind then Master your Trades
  • #433
  • Aug 12, 2015 3:22am Aug 12, 2015 3:22am
Todays results by doing opposite to Quantum +CSM. not putting any charts b,cuz don't want to clutter the thread. if Mer give me permission with quantum indicator i will open new thread.

regards
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  • #434
  • Aug 12, 2015 3:35am Aug 12, 2015 3:35am
It's all well and good posting how many pips you've made, this does seem to make regular pips but then there are the days when you get bashed for hundreds if not thousands of pips, unless you're going to post a statement of several months results then there really is no point, everyone can see the charts each today. There is no point in using more than one pair either, it just means you have to split up your account risk between the pairs, so you won't get any better results.
  • #435
  • Aug 12, 2015 3:40am Aug 12, 2015 3:40am
First day using this method, wondering, this will be nice tool for sonic method and TAH.
Great method Mer, thanks for sharing, i think i will start using this with market profile.
GU +265pips
Live Account.
Attached Image
  • #436
  • Aug 12, 2015 3:49am Aug 12, 2015 3:49am
Quoting kekkis
First day using this method, wondering, this will be nice tool for sonic method and TAH. Great method Mer, thanks for sharing, i think i will start using this with market profile. GU +265pips Live Account. {image}
Kudos on the successful trade kekkis.
Knowing pound had impact news that could have gone the other direction and possibly kept going so you have bigger balls than I..
  • #437
  • Aug 12, 2015 4:04am Aug 12, 2015 4:04am
Quoting KoiFish
{quote} Kudos on the successful trade kekkis. Knowing pound had impact news that could have gone the other direction and possibly kept going so you have bigger balls than I..
I read from market profile GU have been range many days, also inside last week value area, thinking LP's MM's will eat those longs, just using news for "excuse". top of value area , near R1 stop.
  • #438
  • Aug 12, 2015 5:07am Aug 12, 2015 5:07am
I wouldn't trade today due to the red news,
This would have been the result.
9 trades, ≈200 pips
I think we have to deal with each group of order like a basket, SL, TP and eventual TrailingStop have to be used on the sum of total pips of the group.
Thanks to all here.
Attached Image (click to enlarge)
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  • #439
  • Aug 12, 2015 8:39am Aug 12, 2015 8:39am
Looks like a very good system.
Anybody testet other pairs ? or other papers ?
  • #440
  • Aug 12, 2015 8:56am Aug 12, 2015 8:56am
Quoting chucrut
I wouldn't trade today due to the red news, This would have been the result. 9 trades, ≈200 pips I think we have to deal with each group of order like a basket, SL, TP and eventual TrailingStop have to be used on the sum of total pips of the group. Thanks to all here. {image}
What is your Quantum setting at, because I have no where near that many boxes, just curious.
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