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Quantum London Trading

  • #761
  • Aug 19, 2015 11:26am Aug 19, 2015 11:26am
Quoting jtrade
{quote} Hey, k - that's not a very nice post to someone who has started & maintained several great threads over many years... unlike you, who has started one thread which didn't exactly go very far, did it ? Well, I was a hot-headed 21 year old smart-ass too, once - unfortunately too many years ago...
Don't worry J, there's always one or two that come in and have to spit out their opinions and leave. I just let them speak and allow them to disappear.
  • #762
  • Aug 19, 2015 11:35am Aug 19, 2015 11:35am
Quoting DirkH143
Ok. Here are the trading results from my trading today. The Dax is a really complicated thing to trade so I don't think I'll trade this one in the 1min. I'll try the 5min and let's see. The EURJPY I'm still not sure about, but I think I'm not going to countiue that one. I chickened out to early and still with a plus. But I have one more question for mer071898 and I'm not sure if he answered that question already, but why did you choose GBPUSD to be your main currency especially for the system? D. {image}
GBP/USD is widely known as the most consistent correlated pair to trade during both the London and New York sessions because of the volume, the price action that develops, and it's predictability (to a point).
  • #763
  • Aug 19, 2015 11:44am Aug 19, 2015 11:44am
Quoting justin7
this is called martingaling
Well, to be honest it's a "modified" martingale. But your not doubling your trade after each loss, you increasing your position size as we go and only increasing faster towards to end of the sequences. This way if you have say 60 trades open and 40 are in a loss position, the other 20 are making up the loss and putting in profit. Now obviously that is depending on where the close out price is. My ultimate goal is to find an equation that would allow me to have, no matter how many trades, the last 25% of the sequence equal 2 time the total of the previous 75%. So if I have 75 trades that total 2 full lots, the last 25 trades would total up to 4 full lots.
  • #764
  • Aug 19, 2015 12:07pm Aug 19, 2015 12:07pm
Last nights trades.

Trade #1- +14 pips
Trade #2- +13 pips
Trade #3- +15 pips
Trade #4- +16 pips
Trade #5- +16 pips
Trade #6- +16 pips
Trade #7- +19 pips
Trade #8- +20 pips
Trade #9- +19 pips
Trade #10- +20 pips
Trade #11- +19 pips
Trade #12- +20 pips
Trade #13- +21 pips
Trade #14- +23 pips
Trade #15- +23 pips
Trade #16- +26 pips
Trade #17- +27 pips
Trade #18- +26 pips
Trade #19- +30 pips

Total pips = +383 pips!
Attached Image (click to enlarge)
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  • #765
  • Aug 19, 2015 12:34pm Aug 19, 2015 12:34pm
Quoting mer071898
Last nights trades. Total pips = +383 pips! {image}
Enjoying every one of them. Thank you for sharing the system, Mer!
mind over matter
  • #766
  • Aug 19, 2015 12:43pm Aug 19, 2015 12:43pm
Hi Guys,

Can you believe this. Some of them are manual and some with EA.

Bomi
Attached File(s)
File Type: docx Doc1.docx   495 KB | 541 downloads
  • #767
  • Aug 19, 2015 12:49pm Aug 19, 2015 12:49pm
UJ M5, quick scalp +51.5 (4 lots) Demoing this system live with small lots but not according to all rules mainly Quantum indicator and stoch only. Quick target was key level 124.250 and closed. PA spiked up and then down she went. System requires serious trade monitoring.........

M1 chart depicting same fast PA closed at arrow target 124.250 key level.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPYiM1 q2.png Size: 48 KB
Keep It Simple
  • #768
  • Aug 19, 2015 1:40pm Aug 19, 2015 1:40pm
Demo. Third day of demo and very happy with the way this is progressing. 123 pips today.
Day 1 44
Day 2 144
Day 3 123
Missed some trades due other commitments. I have added weekly pivs & mid pivs to give me context. I do place 100pip SL and am resisting adding other indicators to something working. Oh and I'm keeping an eye on Renko chart and it looks interesting with 5 pip box chart with Q set at 100. A lot less trades so perhaps its a stand alone system with much fewer trades and higher lot size. Anyhow very pleased so far.
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  • #769
  • Aug 19, 2015 3:05pm Aug 19, 2015 3:05pm
Mine for today with GBPUSD on version 1.3
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We err, and err, and err again, but less.
  • #770
  • Aug 19, 2015 8:37pm Aug 19, 2015 8:37pm
Quoting cigarguy
UJ M5, quick scalp +51.5 (4 lots) Demoing this system live with small lots but not according to all rules mainly Quantum indicator and stoch only. Quick target was key level 124.250 and closed. PA spiked up and then down she went. System requires serious trade monitoring......... M1 chart depicting same fast PA closed at arrow target 124.250 key level. {image} {image}
Trade Monitoring........... definitely the key words here!

Relatively less monitoring required during the Asian session due to generally lower volatility and lower overall pip range.
This is where I crank up the lot size per entry.

Just before FF @ about GMT 5:00 I wind back the lot sizing because I know the volatility and the pip ranges and of course the DD will significantly increase.

Monitor your trades, understand where the market tends to be slower or faster and it works well!

Masterrmind............
Master your Mind then Master your Trades
  • #771
  • Aug 19, 2015 8:44pm Aug 19, 2015 8:44pm
Quoting Masterrmind
{quote} Trade Monitoring........... definitely the key words here! Relatively less monitoring required during the Asian session due to generally lower volatility and lower overall pip range. This is where I crank up the lot size per entry. Just before FF @ about GMT 5:00 I wind back the lot sizing because I know the volatility and the pip ranges and of course the DD will significantly increase. Monitor your trades, understand where the market tends to be slower or faster and it works well! Masterrmind............
hello Mastermind, thanks for the help, today we have news, which his observation regarding news about this system?
Attached Image (click to enlarge)
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  • #772
  • Aug 19, 2015 9:26pm Aug 19, 2015 9:26pm
First, I want to start by saying that I am not bashing this strategy. I've always enjoyed mer's threads and his approach to modified martingales. All I am going to say is that reward is always proportional to risk. There is no way around it. This is what many traders fail to realize and it is the reason they ultimately don't succeed (or do succeed in some cases). Knowing this risk/reward relationship concept suggests that this strategy's weakness is in the very long run against your position (or streak of runs). I'm not saying this method isn't profitable long term. All I'm saying is that your best winning days will be small compared to your worst losing days. Whether this means you will be profitable or not at year end is unknown. My guess is that will just depend on how many bad losses occur. So maybe one does make a nice annual return of 20-30%. Just don't get too excited and expect to double or triple your account simply cause you're on pace to do that after one or two months. Mer sort of tells you this in post #7.

Good luck all!
  • #773
  • Aug 19, 2015 9:26pm Aug 19, 2015 9:26pm
Quoting kemps1982
{quote} hello Mastermind, thanks for the help, today we have news, which his observation regarding news about this system? {image}
We must always be aware of the news and its likely impact on our trading strategy(s) for a given trading day and this method is no different.

If a trader continues to ignore the news and 'blindly' applies this method of trading there will come a time when the news takes price at an accelerated rate away from their favored direction which is great in one respect because it allows multiple trades to be generated however the problem might be that far too many trades are open and this adds to the DD of the group of trade entries.

The other danger is for example if 30 positions were open, the retrace is shallow in comparison to the move and a reverse signal is generated by Quantum.

Imagine if this signal is only 1/3 the distance down from your last trade entry relative to your 1st trade entry.

If you are trading manually you are faced with a dilemma.
1. Do you close out all your trade entries at the reverse signal and make a net loss on the group of trades?
2. Do you close only those trades in profit and hope the other trades retrace far enough so that they too can be closed out in profit?
What should you do if you chose option #2 (assuming you chose this option because you believe you can close out in net profit if you allow trading to continue for a little more time) and now price after its little retracement starts to go against you on what could only be described as another leg up?
Now your DD is increasing wiping away quickly (at least on paper anyway.... until the trades are closed out) the small gain you made by closing out the initial few trades in profit.... what action will you take?

Trading is very much a continually thinking process (dynamic thinking) and the trader always has the last say........ trade it or don't trade it...... if you trade it then understand all the risks and think far ahead and have a clear exit plan!

Trading 'blindly' is NOT sustainable over the long term!

Note: This method is easy to apply but rather challenging to time it right but I have found it to be a very profitable and powerful system in just a short time as I'm sure other traders have either those posting to the thread or working hard but silently in the background!

Good trading,

Masterrmind.......... :nerd:
Master your Mind then Master your Trades
  • #774
  • Aug 19, 2015 10:57pm Aug 19, 2015 10:57pm
mrng,,Thu start of day pic

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We err, and err, and err again, but less.
  • #775
  • Edited Aug 20, 2015 12:11am Aug 19, 2015 11:37pm | Edited Aug 20, 2015 12:11am
Nice trading system!
Do not be afraid to make mistakes, be afraid to repeat them.
  • #776
  • Aug 19, 2015 11:50pm Aug 19, 2015 11:50pm
Quoting guilherme
{quote} Yes... good idea. Here it goes. Will plot the boxes ony if in those areas of OB/OS. EDIT.: added the option to change the levels OB and OS. {file}
This is great! Thanks Are you able to add an alert into the indicator by chance? Thank you
  • #777
  • Aug 20, 2015 12:55am Aug 20, 2015 12:55am
Quoting guilherme
{quote} Yes... good idea. Here it goes. Will plot the boxes ony if in those areas of OB/OS. EDIT.: added the option to change the levels OB and OS. {file}
Many thanks, guilherme. Can you add alerts - an sound popup and email. Thanks
  • #778
  • Aug 20, 2015 2:05am Aug 20, 2015 2:05am
GBPUSD [M1 Chart]

12 trades closed out in profit (manual close)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB


Also worked the Asian session as per usual.

Masterrmind..........
Master your Mind then Master your Trades
  • #779
  • Aug 20, 2015 2:22am Aug 20, 2015 2:22am
Live Open Trades ---- Get in a bit late:

Still waiting for more Bullish Evidence from my Technique to add more positions.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 142 KB


Note: I draw the Fibonacci Levels from M5TF based on the Recent Low/High....As you can
see Price Action is trading around 50% and 61.8% Fib Ratio....It simply tells me that GU wants to
go UP, but there's no major Bullish Evidence Yet....

BTW, Stop-Loss is at 88.6% Fib Level.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #780
  • Aug 20, 2015 2:26am Aug 20, 2015 2:26am
Subscribed!!!
Holy grail, pls pm
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